VIETNAM NATIONAL UNIVERSITY UNIVERSITY OF LANGUAGES & INTERNATIONAL STUDY FACULTY OF LANGUAGES EDUCATION & PROFESSIGNAL DEVELOPMENT ---------- REPORT OF INTRODUCING TO MARKETING ANALYSIS OF THE MARKETING ASPECTS OF THE COCA COLA COMPANY Lecturer: Ph.D. Le Thi Thu Mai Major: Economic – Finance Class: SNHU.20E6 Group: 1 1. Đoàn Thị Phương Thảo 2. Kiều Hoàng Lan Hương 3. Hoàng Phương Thảo 4. Nguyễn Thị Kiều Linh 5. Hoàng Minh Anh Tú 6. Nguyễn Thị Quỳnh 7. Đặng Thị Lành Hà Nội, 14 tháng 8 năm 2022 MKT 113: COCA COLA COMPANY Table of Contents GENERAL INFORMATION................................................................................................................................3 WEEK 2: COMPANY ANALYSIS ......................................................................................................................4 Brief history of Coca-Cola: ............................................................................................................................4 I. 1. Overview of Vietnamese Coca-Cola: ........................................................................................................4 2. History and development: ..........................................................................................................................4 3. Company logo: ............................................................................................................................................6 II. Strategic Marketing Planning of Coca-Cola ............................................................................................7 1. Where are we now? ....................................................................................................................................7 2. Where do you want to go? ...................................................................................................................... 10 WEEK 3: THREE TRENDS RELATE TO EACH OF THE FIVE FORCES AS SOCIAL, ECONOMIC, TECHNOLOGICAL, COMPETITIVE AND REGULATORY ASSOCIATED WITH COCA-COLA .... 13 Social forces .................................................................................................................................................. 13 I. 1. Demographics: ......................................................................................................................................... 13 2. Economic forces ....................................................................................................................................... 14 3. Coca – Cola’s competitors in the industry ............................................................................................ 15 WEEK 4: UNDERSTANDING CONSUMER BEHAVIOR ........................................................................... 22 IDENTIFY THE CONSUMERS WHO ARE MOST LIKELY TO BUY COCA – COLA PRODUCT 22 I. 1. Demographics characteristics: ............................................................................................................... 23 2. Behavioral charateristics: ....................................................................................................................... 24 3. Geographics characteristics: .................................................................................................................. 24 4. Psychographic characteristics: ............................................................................................................... 24 II. 1. III. DESCRIBE THE PRODUCT................................................................................................................. 25 The main points of difference Coca Cola. ............................................................................................. 25 MAIN EFFECTS ON THE PRODUCT ................................................................................................ 27 1. Marketing mix ......................................................................................................................................... 27 2. Psychological ............................................................................................................................................ 29 3. Sociocultural ............................................................................................................................................ 30 WEEK 5: MARKETING RESEARCH ............................................................................................................. 31 COLLECT CUSTOMER FEEDBACK .................................................................................................... 31 I. 1. Coca Cola uses Big Data for market research .......................................................................................... 31 2. The Coca-Cola Vanilla ................................................................................................................................ 32 II. IDENTIFY WHICH DATA YOU NEED .............................................................................................. 32 III. THE EFFECTS ON THE METHOD ON THE PRODUCT AND THE COMPANY ...................... 33 MKT 113: COCA COLA COMPANY 1. Advantages ................................................................................................................................................ 33 2. Disadvantages ............................................................................................................................................ 33 WEEK 6: MARKET SEGMENTS .................................................................................................................... 33 COCA - COLA MARKET SEGMENT ..................................................................................................... 33 I. 1. Geographic ............................................................................................................................................... 33 2. Demographic ............................................................................................................................................ 34 3. Psychographic Segmentation .................................................................................................................. 34 4. Behavioral Segmentation ........................................................................................................................ 35 II. 2 KEY PRODUCT DIFFERENCES TO MEET EACH MARKET ................................................... 35 1. Segment 1. Geographical segmentation ................................................................................................. 35 2. Segment 2: Demographic Segmentation ................................................................................................ 36 3. Segment 3: Segmentation by psychology ............................................................................................... 36 4. Segment 4: Segmentation by behavior................................................................................................... 37 WEEK 8: MANAGING SUCCESFUL PRODUCTS, SERVICES, AND BRANDS. .................................... 39 COCA - COLA PRODUCT LIFE CYCLE: ............................................................................................. 39 I. 1. Price .......................................................................................................................................................... 39 2. Direct distribution ...................................................................................................................................... 40 3. Retail distribution ........................................................................................................................................ 41 4. Supermarket and agent distribution channel ........................................................................................... 42 5. Restaurant distribution channel................................................................................................................. 42 WEEK 10: MANAGING MARKETING CHANNELS AND SUPPLY CHAINS ........................................ 45 I. Coca Cola distributes products to target channels ....................................................................................... 45 1. Distribution model of Coca Cola ................................................................................................................ 45 2. Coca-Cola's focal market ............................................................................................................................ 45 3. Selling at the most profitable direct selling points: .................................................................................. 46 4. Activity time:................................................................................................................................................ 46 WEEK 11: INTEGRATED MARKETING COMMUNICATIONS AND DM ............................................. 47 1. Campaign advertising ................................................................................................................................. 47 2. Direct Marketing ......................................................................................................................................... 48 3. Promotion ..................................................................................................................................................... 48 4. Public Relations ........................................................................................................................................... 50 5. Personal Selling............................................................................................................................................ 51 MKT 113: COCA COLA COMPANY GENERAL INFORMATION Company name: The Coca – Cola Company Founded year: 01/01/1994 Hotline Review: 1900555584 Charter capital: 12.376 billion VNĐ Address: 485 Highway Hanoi, Linh Trung ward, Thu Duc district, Ho Chi Minh city. Tax code: 0300792451 Fax: 028-38972831 Tel: 028-38961000 E-mail: vu@coca-cola.com Website: http://www.cocacolavietnam.com Fields of business: In Vietnam, Coca-Cola provides 8 main drinks - soft drinks (sugar or sugar free), energy drinks, juices, fruit milk drinks, coffee, complementary drinks for activities. sports, ionic supplements and tea. The position of Coca-Cola Company: For many years, Coca-Cola has always been one of the multinational corporations with great contributions to the economy. In the beverage industry alone, with a total investment of nearly 1 billion USD since 1994, Coca-Cola has become the largest foreign investor in Vietnam. These efforts have made Coca-Cola one of the top 3 enterprises honored by the Vietnam Chamber of Commerce and Industry (VCCI) as "Sustainable Development Enterprise" in 2018, 2019 and 2021. The business was also honored by Career Builder in the highest position in the survey results "Favorite Employers in Vietnam" in 2019, selected by Anphabe as "The Best Place to Work" in 2019 and recognized by HR Asia as “Business with the best working environment in Asia” 2020. Leaders: Chairman of the board: Muhtar Kent. 3 MKT 113: COCA COLA COMPANY WEEK 2: COMPANY ANALYSIS I. Brief history of Coca-Cola: Coca-Cola is the number 1 carbonated beverage company in the world. Today, the name Coca-Cola beverage is almost considered an American symbol, not only in the US but in nearly 200 countries around the world. The company strives to refresh the market, enrich the workplace, protect the environment and strengthen the public tradition. Coca-Cola (also known as Coke) is a soft drink trademark registered in 1893 in the United States. The father of Coca-Cola was the pharmacist John Pemberton and in the understanding of the American people at that time Coke (Coca Cola) was an oral drug. Later, when he bought Coca Cola, Asa Griggs Candler - The financial leader Coca Cola's top three have changed the minds of American people about the image of Coca Cola 1. Overview of Vietnamese Coca-Cola: Coca-Cola is one of the most famous international brands in Vietnam. Coca-Cola Vietnam currently has factories located in Ho Chi Minh City, Da Nang and Hanoi, creating about 4,000 jobs directly as well as indirectly creating 6 to 10 times more jobs from its operations. in its supply chain. With the orientation to become a comprehensive, consumer-oriented beverage company, the company is constantly improving and providing a wide range of quality and diverse beverages, including low-sugar and sugarfree product lines, at the same time diversifying models and expanding business coverage everywhere. Coca-Cola's beverage brands in Vietnam include Coca-Cola, Coca-Cola Light, Coke Zero, Sprite, … 2. History and development: February 1994: Coca-Cola returned to Vietnam within 24 hours after the US lifted the trade embargo against Vietnam. August 1995: Coca-Cola Indochina Pte Limited Company (CCIL) entered into a joint venture with Vinafimex – a state – owned enterprise under the Ministry of Agriculture and Rural Development, forming a carbonated beverage company. Coca-Cola Ngoc Hoi in Hanoi. September 1995: Coca-Cola Indochina Pte Ltd (CCIL) entered into a joint venture with Chuong Duong Beverage Company, forming Chuong Duong Coca-Cola in Ho Chi Minh city. January 1998: Coca-Cola Indochina Pte Ltd (CCIL) continued to enter into a joint venture with Da Nang Beverage Company, forming Coca-Cola Non Nuoc Co, Ltd. 4 MKT 113: COCA COLA COMPANY October 1998: The Vietnamese government allows joint venture companies in the South to convert to 100% foreign invested companies. March 1999: The Government allowed Coca-Cola Indochina to buy back all shares in the Joint Venture in the Central region. August 1999: The Government allowed the transfer of Coca-Cola ngoc Hoi joint venture into the form of a 100% foreign-owned enterprise with the name Coca-Cola Hanoi Beverage Company. January 2001: The Vietnamese Government allows the merger of 3 businesses in 3 North, Central and South regions into a unified company called Coca-Cola Vietnam Beverage Co, Ltd, headquartered in Thua Thien Hue. Germany, Ho Chi Minh city and 2 branches in Ha Tay and Da Nang. On March 1, 2004: Coca-Cola Vietnam was transferred to Sabco - one of the famous Coca-Cola bottling groups in the world. 2004 - 2012: After becoming a 100% foreign-owned company, Coca-Cola Vietnam Beverage Co., Ltd. continuously reported losses for many years despite the steady increase in revenue every year. Specifically, in 2004 Coca-Cola Vietnam's revenue was only VND 728 billion, but in 2010 this figure increased to VND 2,529 billion, nearly 3.5 times higher in 7 years. However, the company still reported a loss. 2012: Coca Cola Vietnam took over the bottling operation from Sabeco in this market again. 2013, 2014: After the public stirred about Coca-Cola reporting losses, and suspicions of transfer pricing and tax evasion, this was the first year Coca-Cola reported a profit after many consecutive years of losses. Specifically, the profit in 2013 and 2014 was 150 and 357 billion dong, according to the data announced by the tax department of Ho Chi Minh City. 2015-2019: The company continuously grew in revenue and profit, so the company started paying taxes. In 2019: Coca-Cola Vietnam was recognized as the top 2 sustainable businesses in Vietnam by VCCI and the Top 1 favorite employer by Career Builder. 5 MKT 113: COCA COLA COMPANY 3. Company logo: Coca-Cola is the most popular soft drink in the world. Produced by the Coca-Cola Company, it is sold in more than 200 countries and is often referred to simply as Coke. When John Pemberton first invented what became known as "coca" in the late 19th century, his original intention was only to see it as a "medical invention," but Coca-Cola later had an impact. to the freshwater market during those decades. The Coca-Cola logo, as well as the company's brand, has been rated as the most recognizable in the world. The first Coca-Cola logo was designed in 1885 by John Pemberton's colleague and librarian Frank Mason Robinson. With the idea that two Cs would look great in advertising, Robinson came up with the name Coca-Cola. and used its cursive type as the company's logo. 6 MKT 113: COCA COLA COMPANY II. Strategic Marketing Planning of Coca-Cola 1. Where are we now? a) Competitors: Year of birth: Coca-Cola is a beverage product, invented in 1886 in Columbus, Georgia by John Stith Pemberton. Main competitors to Coca-Cola in Vietnam: TÂN HIỆP PHÁT PEPSICO HABECO 7 MKT 113: COCA COLA COMPANY b) Competitor analysis: Competitor Established Factors Market Strengths in share Vietnam Coca-Cola 1886 3 41.3% - Strong brand identity. - Access to a wide market. - World wide construction. - The largest brand association and customer loyalty. Pepsico 1898 6 22.7% - Famous brand. - Wide range of product samples. Habeco 2003 1 Tân Hiệp Phát 1994 4 25.5% 8 Weakness - Fierce competition with Pepsi. - Low commodity diversification. - Controversy about packaging (plastics) - Disadvantage of being a latecomer. - The product does not protect the nutritional standards. -The The product company has distribution a long policy is still tradition, limited in known for distribution many management, generations. such as - Wide approving the distribution issuance of and sales books to be a network distribution nationwide. agent. - Mainly focus Technological on developing lines, modern in the production domestic facilities. MKT 113: COCA COLA COMPANY - High quality human resources. - The Board of human resources and a vision. - Invest in research and development. market, no for export. - Financial potential is not strong enough compared to foreign companies. c) Competence: Coca-Cola cares about all different types of customers (from the elderly to the young) Coca-Cola is making continuous efforts: +) To refresh the world +) To inspire moments of optimism and happiness +) To create value and make a difference d) Competitive advantages: Different, unique Cost control Strong brand portfolio 9 MKT 113: COCA COLA COMPANY - Customer collaboration Good service, associated with retailers. 2. a) Where do you want to go? Dog In 1982, Coca Cola launched a diet Coke product with a much lower sugar content than their other products aimed at customers who are interested in health and weight problems. their weight. However, the sales of this product were completely unimpressive and did not receive the attention of the community. So far, this product is still appearing and being sold on the market, with many different improved versions such as Coke Zero, Coke Zero Sugar and Zero Calorie but still not bringing the desired profit for the brand. Therefore, they are classified in this category, are Coca products that need to be rebranded or discarded in order to use the budget for other products that bring more benefits. b) Cash Cow: No product could fit this position better than Coca Cola's flagship product: their iconic Coca Cola drink. Coca Cola has always been the main product and the symbol of this beverage company. The product has impressive annual sales even after 130 years of operation, an age that is enough to inculcate the taste and image of this drink in generations of consumers. c) Star: Dasani and Kinley are currently the leading products of Coca Cola in helping them compete and gain market share with other bottled water brands such as Aquafina, Lavie, etc. 10 MKT 113: COCA COLA COMPANY Kinley is the brand used by Coca Cola in most countries in Asia, while Dasani is used in European countries. The above two products are currently Star - The Star in Coca Cola's BCG matrix. In fact, consumers tend to choose bottled water much higher than other beverage products. Surveys have shown that most customers think that bottled water products will be much cheaper than soft drinks of the same capacity. Not only that, the community trend is now more and more towards health protection, making soft drinks become a secondary choice compared to filtered water, due to knowledge about obesity, diabetes issues. Sugar and cardiovascular are increasingly popular in the community. => Therefore, soft drinks are currently the most promising beverage market with the highest market share, with the most stable development at present. Although Coca Cola is facing competition among many other beverage brands, with the expansion of this market segment, Dasani and Kinley are promising to bring the biggest profit to this brand in a stable way. determined with time and is being invested by Coca Cola in many countries around the world. d) Question Mark: Next in Coca Cola's BCG Matrix is Question Mark - Question marks, which represent products that contain potential opportunities or risks. Surprisingly, Fanta and Sprite, two 11 MKT 113: COCA COLA COMPANY products with a long life that are not less than Coca Cola, are the two products placed in this category. Although quite famous in the market, Fanta and Sprite are currently performing not very well compared to what Coca Cola expected. These two products did not gain popularity and were quite inferior by the brand's own Coca Cola product. Surveys have shown that up to 67% of consumers do not know that Sprite and Fanta share the same brand as Coca Cola. Brand Sayings – Refreshing the world, one story at a time. 12 MKT 113: COCA COLA COMPANY Segmentation, targeting, positioning of Coca Cola: Segmentation helps brands identify the right products for specific customer groups; Coca Cola does not target a specific segment but adjusts its marketing strategy by developing new products. Cola is popular all over the world and enjoyed by people of all ages while Diet Coke soft drinks target the niche for health conscious people. Customer Analysis in Coca-Cola's Marketing Strategy: Coca-Cola targets a mass market. And the customer expectation is low price, great taste, convenience & accessibility and different options to choose from. Competitive advantage in Coca Cola's Marketing strategy: Coca Cola has a competitive advantage over its competitors in terms of operations, cost control, brand portfolio, marketing channels, customer partnerships. WEEK 3: THREE TRENDS RELATE TO EACH OF THE FIVE FORCES AS SOCIAL, ECONOMIC, TECHNOLOGICAL, COMPETITIVE AND REGULATORY ASSOCIATED WITH COCA-COLA I. Social forces 1. Demographics: Education level: People’s preference of healthy drinks over flavored drinks Solution: It has started making more reduced and no-sugar versions of its drinks in order to manage the sugar and calories intake of its consumers. The organization has also created new sugar-free brands such as diet coke, coke zero sugar, DASANI, Gold Peak Unsweetened Tea, smart water, sprite zero and vitamin water zero for those that have concern for sugar consumption. The company posted sales that beat analysts’ estimates in the first quarter, helped by refreshed versions of its core diet brands and a growing portfolio of products that push beyond soda into new categories. The growth of both new and core brands affirms the company’s long-term strategy. Slow results previously failed to excite investors, putting Coke’s stock in a holding pattern. That may now change. The shares gained as much as 1.6 percent as of 7:42 a.m in early trading in New York. a) Age: The primary target of Coca – Cola is younger customers within the age bracket of 10 – 25 and a secondary market composed of people aged 25 – 40. 13 MKT 113: COCA COLA COMPANY Coca – Cola company has also expanded its product to non – cola beverages to target those not fond of drinking its regular cola drinks. A Coca – Cola product such as Sprite is specifically designed to target teens and college students, while others target the young working group. b) Cultures: The primary difference between Coke in other countries and Coke in the United States is the sugar that is added. Sometimes the type of sugar varies, but the amount of sugar that is used also varies in the different kinds of Coke. Mexican Coke uses high fructose corn syrup instead. Different countries and cultures have different preferences for how sweet Coke and other soft drinks should be, too, which is another reason why the amount of sugar the carbonated soft drink has in it can vary between countries. 2. Economic forces a) Inflation: Inflation in Viet Nam is quite stable, the inflation rate in 2015 was 0.63%, a record flow figure in recent years, 2016 was 4.74%, 2017 was 3.53%, 2018 was 3.54%, 2019 was 2.79%, 2020 is 2.32%. b) Three trends of economic forces: - Invented the zero – calorie Coca Cola product. - Promote products to global markets when possible. - Expanding, building projects in new countries. 14 MKT 113: COCA COLA COMPANY Currently, Vietnam is a market with abundant resources, people’s income has also increased significantly, life is also better. That also affects people’s consumption habits and shopping needs. With only 8,000 VNĐ to 15,000 VNĐ for one can or one bottle. It is suitable for everyone from rural to urban areas, they can enjoy this drink. Opportunity: Coca – Cola has a large business capital. The product price is at an average level, so it is preferred by many people. In the rea of globalization has created a great opportunity for Coca – Cola to penetrate the markets of countries around the world. The growing science and technology gives Coca – Cola the opportunity to apply mordern technologies to its production lines. Vietnam is a country with a young population structure that helps create an abundant and cheap labor source. Challenge: Interest rates in Vietnam are high, making it difficult to borrow capital for investment and production expansion. Inflation in Vietnam is high, the prices of goods increase rapidly, so consumers will cut unnecessary consumer goods and choose cheap products. The unstable economy will affect the business activities of the company. 3. Coca – Cola’s competitors in the industry When it comes to competitors of Coca – Cola we can immediately mention Pepsi, this is Coca Cola’s biggest competitors, these two companies have been competing with 15 MKT 113: COCA COLA COMPANY each other since the 19th century. Coca Cola and Pepsi have roughly the same size and they have similar products and strategies. The degree of differentiation between the two brands is also low and therefore the price competition is fierce. Everyone has heard of the “Cola wars”. Therefore, the level of competition between these two businesses is very large. In addition, Coca – Cola also competes directly with many other competitors such as Keurig Green Mountain Group, Schweppes, RC Cola. Hires Root Beer and Nehi, … Thus, through analyzing the pressure coming from Coca – Cola’s competitors, we can see: When consumer tastes and trends change, Coca Cola may face great pressure from competitors in the industry. However, this brand has been around for a very long time and they can adapt and capture the changing trends of users in the world. Moreover, they also have a very strong financial potential. In addition, the brand has a loyal fan base and the company has come up with new strategies by moving with beverage trends. The pressure coming from the competitors is moderate. In the first year of implementing the advertising campaign, they onlly sold about 30,000 liters of Coca Cola, but less than 30 years later, the whole group was able to consume over 70 million liters. * Customer’s bargaining power: The bargaining power of individual customers for Coca Cola is low. Individual customers often buy in small quantities and they are not concentrated in specific markets. However, Coca Cola and Pepsi have a low degree of difference, mainly Pepsi sells similar flavors. Switching costs are not high for customers and the two brands still enjoy high customer loyalty. Coca Cola customers are also not overly price – sensitive. If a retailer has some bargaining power, it is only because they buy in bulk. However, in general, Coca Cola does not face much pressure from customers’ bargaining power. * Supplier bargaining power: The bargaining power of Coca Cola suppliers is very weak. This is due to the large number of supplier to another, not every supplier can switch away from Coca cola easily. That could lead to a loss for any supplier. Meanwhile, the number of individual suppliers from small to moderate size is very large. Therefore, the pressure coming from Coca Cola’s suppliers is low due to: +) Large number of suppliers. +) Small to moderate size of individual suppliers. +) Transitioning integration is difficult for vendors. +) Conversion costs for Coca Cola are not too high. 16 MKT 113: COCA COLA COMPANY *The threat of substitute products: The main Coca Cola substitute are Pepsi beverages, juices and other hot and cold beverages. The number of products that can substitute for Coca Cola drinks is very high. There are a number of juices and other healthy drinks on the market. Lpw switching costs for customers. In addition, the quality of the substitute is generally good. So, based on these factors, the threat of substitute products is very strong. * Threats from new entrants: - In this beverage industry branch. New brands entering the industry will have to face many difficulties. It is impossible to develop a brand overnight. Moreover, the cost of investing in brands, products, personnel, premises, and marketing is huge. Customer loyalty in the industry is moderate and for any brand to build customer loyalty will take some time. So while new entrants came compete with brands like Coca Cola or Pepsi on a smmaller or local level, building a big brand is very difficult thing both capital and skilled human resources. * Competitor analysis: Coca Cola Performance Metrics Capabilities Objectives/Value Strategy - Revenue is up 16% in 2021. - Sales are down 11.4% in 2020 - Coca-Cola products are sold in over 200 countries. - Coca Cola has a lot of money in the bank. Cocaadvertising Cola's spend in 2011 was $3.2 billion, according to the company. - Coca Cola has a strong organizational capability. - Leadership: Having the foresight to forge a better tomorrow. - Collaboration: Leverage collective intellect - Accountability: It is up to me if it is to be - Passion: Heart and mind commitment - Inclusion: Our brands are as diverse as they are. - Integrity: Be - Product: Coca Cola has expanded its product line beyond carbonated beverages, with new colors, designs, and tastes such as Fanta, Sprite, and others. Avoid obesity by drinking low- sugar beverages that are healthy for the consumer's health. They also 17 MKT 113: COCA COLA COMPANY - Coca Cola employs a large number of brilliant people all around the world honest - Quality: We will follow what we say we will 18 concentrate on packaging, particularly around special holidays. - Price: Coca Cola always adjusts product prices to match the income ofconsumers in each country. - Place: Cocadistribution Cola's networks are based on the fast-moving consumer products distribution model (also known as FMCG). Coke's effective distribution network has nearly eliminated the market's small and medium-sized retail stores. - Promotion: Coca Cola uses its social responsibility as an advertising tool to impress customers. Besides, Coca Cola also has many trial campaigns for consumers in many big cities. They understand that promotion is still the MKT 113: COCA COLA COMPANY best tool to promote brand image, help increase sales for businesses, and bring great value to customers. Pepsi Net revenue grew 8.8% to $22.46 billion in 2020. Global presence: More than 200 nations and territories offer the company's products. - Distribution network: Among the distribution networks are: Customer warehouses, direct-to- store deliveries, and third-party distribution networks are all options. Pepsi also delivers some products to customer warehouses from its manufacturing plants. - Supply chain: a huge, global supply network with thousands of Long-Term Growth: PepsiCo wants its employees to think in terms of longterm growth. It's a skill that blends creativity, perseverance, and ambition with others. - Empowered Employees: PepsiCo is a company that believes in offering its employees independence and autonomy as long as they operate within the company's governance. - Trust and Responsibility PepsiCo expects its workers to be trustworthy and 19 Products: Wide range of soft drinks to snacks and sports nutrition as well as other acquisition categories. - Place: Using a global network to distribute products to consumers. With two main forms: Retailers and Online merchandisers. - Promotion: This element includes the marketing communication strategies and tactics the company uses to reach its customers. - Price: Use two pricing methods depending on the product line: Market- based pricing strategy and Hybrid MKT 113: COCA COLA COMPANY Keurig Revenue Dr. growth of Pepper 1.8 percent and 5.2 percent for Keurig Dr Pepper in Q2 and Q3 2020, respectively suppliers from all over the world and aimed at generating a quick and flexible supply chain. - Broad product offering: Pepsi offers a broad product offering that includes both standard and lowcalorie options. - Marketing: Invest a significant amount of money in marketing and promotions each year. The company spent $4.2 billion on advertising and marketing in 2018. accountable. Everyday Value These two basic pricing strategy principles, according to the corporation, are of critical importance in driving the company's success. Diverse product line: In the period from 2013 to now, KDP has been constantly launching its products and brands. Especially soft drinks. -Good distribution channel, operating in the world: Team First - Deliver Big - Think Bold - Be Fearless & Fair 20 Product: diversification from soft drink to tea, water, juice, and more. - Price: employ a competitive tactic to set a price for their goods. They are far less expensive than Pepsi and Coca Cola. MKT 113: COCA COLA COMPANY In addition to the U.S. market, KDP also strives to bring its products to many consumers around the world. The company has registered and continues to apply for business registration licenses in other markets such as the UK, EU, Japan, China, South Korea, ... through its brands and that of partners such as Tully's Coffee, Timothy's Coffee, Celestial Seasoning, Gloria's Jean, ... They also provide new clients with a discount. - Place: Products are available all around the world. It follows both direct and indirect delivery channels, with roughly 20 manufacturing hubs and around 200 distribution centers. They have two objectives: the first is to ensure that items are made accessible to clients according to their time and location demands through their effective supply chain. Another goal is to guarantee that their product arrives in good functioning condition at the retailer or to the final consumer. - Promotion: Its brand marketing using a variety of appealing posters, bottle shapes, and covers that change 21 MKT 113: COCA COLA COMPANY with the seasons, television, banners, and radio ads to impact buyers in both cognitive and positive ways. Participating in film pictures and sponsoring other activities, particularly football, which is a popular sport. WEEK 4: UNDERSTANDING CONSUMER BEHAVIOR I. IDENTIFY THE CONSUMERS WHO ARE MOST LIKELY TO BUY COCA – COLA PRODUCT The primary target market – in terms of their demographic characteristics and any other kind of characteristics you believe are important. Coca – Cola’s market segmentation focuses on four various elements, namely geographic, demographic, psychographic, and behavioral 22 MKT 113: COCA COLA COMPANY 1. Demographics characteristics: Age: The primary target of Coca – Cola is younger customers within the age bracket of 10 – 25 and a secondary market composed of people aged 25 – 40. 23 MKT 113: COCA COLA COMPANY 2. Behavioral charateristics: With Coca – Cola, it positions its products as thirst – quenching and refreshing. The products they offer are said to bring joy to its target market. The drinks and other products from Coca Cola are also associated with having a great time with family and friends while enjoying daily life. Additionally, the company also markets its products consistenly and of premium quality. For those looking for high quality drinks, one of the names that will surely come into their minds will be Coca Cola. The company has an extensive selection of refreshments; each offers a positive experience for cumsumers. In contrast to other beverage brands, Coca Cola brands itself as a product that provides happiness and positivity in customers’ lives. Ultimately, the company’s primary focus is to cater to the needs and preferences of its global customers. 3. Geographics characteristics: Coca Cola focusing on urban and suburban areas (it also ensures a countryside product distribution network. This is in the realization that as the company expands, there is a demand from those in rural areas.) 4. Psychographic characteristics: The company targets the market that desires an intense flavor with their regular cola drinks in terms of taste. Meanwhile, diet cola drinks and their variants target those customers that are health conscious. The Coca Cola company has also expanded its product to non – Cola beverages to target those not fond of drinking its regular cola drinks. A Coca Cola product such as Sprite is specifically designed to target teens and college students, while others target the young working group. 24 MKT 113: COCA COLA COMPANY II. 1. a) DESCRIBE THE PRODUCT The main points of difference Coca Cola. Logo: Coca Cola’s logo has become a bold symbol in the minds of customers around the world for more than 100 years. The white swirls stimulate the passion and enthusiasm of today’s youth. The colors used in the logo consist of only 2 colors white and red are designed simply and blended together to create attracting the attention of customers, especially young people. b) Emotions contained in each bottle of water: Coca Cola doesn’t sell carbonated soft drinks; they sell “happiness” in every can. Happiness is something everyone wants, and Coca Cola know how to touch the hearts of its customers. The Coca Cola cans have redesigned lids open, so when anyone opens the cans, they can see a smile. The adjustment is so subtle that loyalists won’t see anything change, and when they see it, what everyone can do is smile. Price: The pricing strategy that Coca Cola applies will be based on the following criteria: +) The price will be set based on the customer’s demand for the item. +) The price must maximize the profitability of the company. +) The price should not be too low or too high than the price of the competitor. +) The price is suitable for each target market. c) Master of Word – of – Mouth Marketing: 25 MKT 113: COCA COLA COMPANY Word – of – mouth marketing is one of the key factors in Coca Cola’s success. After all, what Coca Cola wants is to bring people together, live in the same team with the same habits and interests. Problem Price Solving There are many products with different prices Create a 0 calories Coca Cola product Dieters, wanting to lose weight d) Motivation, personality, and emotion: For the word – famous beverage brand with more than 100 years of history Coca Cola, consumers often: Decide to follow the habbit and be loyal to this brand, because they trust the product Coca Cola’s will meet their needs Coca Cola is a product in the known and popular group, which is the brand customers know, prefer and choose when shopping. Motivation of customers when buying Coca Cola: An average of 11,200 people is drinking this brown beverage every second. What motivates customers to choose Coca Cola products? Positive motivations are the needs, wants and desires that have a real impact on the customer’s desire to use a product of Coca Cola: +) Need drinks to satisfy their thirst, and Coca Cola satisfies their needs. +) Present yourself as part of an economic social class. Instead of filtered water, they use +) Coca-cola to create a modern and strong personality. +) Coca-cola gives consumers refreshment, satisfying habits, enjoying delicious taste, spending time with everyone Therefore, this is a clear sign that drinking coca-cola is conscious action and to trigger emotions and stimulate the consumer. In addition, the Coca-Cola company must hold on and make an impact through the production, marketing and packaging of its products to motivate consumers to buy and use them. Coca-Cola classic, Diet Coke (low gas, low sugar coke), Sprite, Fanta, Vannilla, Coke (Coke hương Vani), Cherry Coke, Mello Yello Dasani Spring Water. Coca-Cola's product diversity motivates consumers to experience new products and choose products that suit their tastes and needs in a time and the different place. 2. Customer’s personality and emotions toward Coca Cola: Coca-Cola factors affecting the personality and emotions of consumers when buying Coca-Cola products: 26 MKT 113: COCA COLA COMPANY +) Coca-Cola brand: a combination of sincerity and excitement, refreshing joy and honesty, excitement and friendliness, creating close relationships with consumers through campaigns and social media advertising. +) Age of consumers: Age has a direct relationship with a person's ability to think, as people of a certain age often go through the same experiences in life and thus this makes them share the same needs, values, experiences, symbols and memories, consumers' needs and preferences often change with age. +) Generation Z teenagers: This generation also loves a fun, vibrant and trending lifestyle, that's why Coca-Cola offers marketing strategies that affect teenagers, such as " Share a Coke - Share a feel” (share a can of coke, share a feeling) with the emoji on Coke cans, they allow consumers to personalize the cans at major stores popular with young people, as well as customizing stickers on Zalo. +) Middle-aged generation: is a group that is loyal and cautious in purchasing. As age increases, appetite leads to a decrease in appetite, elderly people also seem to be picky about the foods they put in their bodies. The sweetness of cola and the focus on health make the older generation not interested and no longer enthusiastic about bottled beverage products. III. MAIN EFFECTS ON THE PRODUCT 1. Marketing mix * Price Coca cola products are priced by looking at the buyer's perception of value, not the seller's cost Coca cola penetration pricing strategy: Relatively low new product price to penetrate the market market, to gain a large market share. Discount pricing: most Coca colas adjust their prices to reward customers who pay ahead of time, buy in bulk, offer discounts for those who buy and pay immediately, and even buy products. products in large quantities. There is also differentiated pricing by product type, pricing by product type. *Advertisement: Coca-Cola is one of the few companies that spends the same amount of money on production costs to polish the brand name right from the start. Besides, Coca-Cola's confidence is what makes the brand today, which is clearly reflected in their QC slogans. For example, "the great non-alcoholic drink of the country", "" 6 million a day”, “Real stuff”, “What you want is a Coke bottle”, “That's Coke”, “always Coca-Cola” At retail stores and supermarkets, coca is always sold at eye level, right in front of corridors, or eye-catching places. Coca's QCs are very impressive, expressing a sense of 27 MKT 113: COCA COLA COMPANY novelty like guessing QC. about Happiness Factory, QC with the idea of how to celebrate the victory of famous football stars with the soundtrack of Waving Flag, the official song of the 2010 World Cup. One of Coca-cola's most successful QCs is the "happiness Machine" campaign. *Promotions Understanding the psychology of consumers, Coca cola does not forget that promotional activities are one of the best tools to promote the image of the product. The use of promotions not only helps the company's sales. company increases, but it also represents the value the company brings to its customers. Coca-Cola Vietnam Company has launched a nationwide promotion program for dynamic young people: "Open the lid, you will win for a lifetime". The difference of this program with regular promotions. often the main spirit of “Share the joy” is for a group of friends rather than for an individual. The awards are a way for young people to express their individuality and way of enjoying life. 28 MKT 113: COCA COLA COMPANY 2. Psychological Customers decide the existence and development of the business, if customers accept and consume products, the business will have income, so businesses need to capture the psychology of customers to make recommendations. products that satisfy customer needs. *Awareness Coca cola has pursued 3P and 3A pricing strategy to gain advantage and best serve consumers. 3P strategy 3A strategy Price to value Affordability Pervasiveness Availability Preference Acceptability *Learn Coca cola always has a strategy to leave a deep impression on consumers: The font does not change on the logo - Using exclusive bottle model - Picture hammer Retail price unchanged 29 MKT 113: COCA COLA COMPANY 3. Sociocultural Cultural and social environment With more than half a century at the forefront of the beverage market, Coca Cola has built and developed continuously and achieved many great achievements. Coca Cola is one of the leading businesses in the world that has built its own unique corporate culture and matches its personality. With its development, in addition to business strategies, Coca's corporate culture is also the key to helping the brand grow strongly in the context of fiercely competitive market. 7 well-defined Coca Cola corporate culture values apply to all employees: Honest and straightforward Always take the initiative to complete your work Benefits for customers Teamwork human resource development Respect and Credibility Commitment to responsible work 30 MKT 113: COCA COLA COMPANY With its unique corporate culture, Coca Cola has attracted thousands of applicants. The working environment of Coca Cola gives employees a space according to international standards. Teamwork Collective results are valued more than individual results. The company encourages employees to complete their goals, besides having the care and help of team members, in the department and in the company to complete their own goals in order to accomplish the common goal. => Coca Cola's corporate culture is oriented towards the belief that each employee has a certain potential for successful career development. WEEK 5: MARKETING RESEARCH I. COLLECT CUSTOMER FEEDBACK 1. Coca Cola uses Big Data for market research Thanks to Big Data's data analysis strategy, Coca Cola has maintained a stable number of customers. Coca Cola has maintained 2 specific strategies. One is to use customer data, research out products with. The second is from market research data to determine product distribution and marketing plans. 31 MKT 113: COCA COLA COMPANY 2. The Coca-Cola Vanilla Product line The Coca Cola; Vanilla product line is a prime example of this strategy. Coca-Cola Vanilla was invented in the United States. And quickly won the public's attention. Market researchers tested the appeal of the new product line concept in the United States. To gauge consumer response through taste tasting, Coca-Cola was able to identify the product. Should taste like to attract customers. In this way, the Vanilla flavored Coke made a breakthrough in the United States with great appeal to customers. In the same way, Coca-Cola has researched and understood the needs of customers in different countries around the world to adjust Coke flavor accordingly. It is these valuable data sources that have helped Coca-Cola successfully approach and bring its product lines closer to customers and maintain a stable loyal customer base. II. IDENTIFY WHICH DATA YOU NEED Methods of collecting customer feedback: Put comment button, review on the web, fanpage Online chat on website Fill in other information when purchasing such as interest, interest, ... Using Google Analytics Method of generating ideas Idea: Case: 1 new product is Coca-Cola 0 calories Focus, observe on customer group Experiment 32 MKT 113: COCA COLA COMPANY Survey design to collect data: To collect data from our customers, we have created a survey and here is the link: https://forms.gle/QahTqvBCVnX2UAs98 III. THE EFFECTS ON THE METHOD ON THE PRODUCT AND THE COMPANY Pros and cons of survey methods in marketing research: 1. Advantages Relatively easy to administer Can be developed in less time (compared to other data-collection methods) Cost-effective Conducted remotely can reduce or prevent geographical dependence Capable of collecting data from a large number of respondents Numerous questions can be asked about a subject, giving extensive flexibility in data analysis With survey software, advanced statistical techniques can be utilized to analyze survey data to determine validity, reliability, and statistical significance, including the ability to analyze multiple variables A broad range of data can be collected (e.g., attitudes, opinions, beliefs, values, behavior, factual). 2. Disadvantages Respondents may not feel encouraged to provide accurate, honest answers Respondents may not feel comfortable providing answers that present themselves in an unfavorable manner. Respondents may not be fully aware of their reasons for any given answer because of lack of memory on the subject, or even boredom. WEEK 6: MARKET SEGMENTS I. 1. COCA - COLA MARKET SEGMENT Geographic Segmentation Coca-Cola's market segmentation is primarily a geographical segmentation. Coca-Cola is based on the market itself to divide them into diverse regions, different geographical areas, separate. For example, the neighborhood, city, country, region... Through its geographical division, Coca-Cola creates a wide distribution network of Coca-Cola beverages in all countries. country in which this famous brand operates. 33 MKT 113: COCA COLA COMPANY Even so, the geographic segmentation, which Coca-Cola uses to support its business, operates primarily in the suburbs and around the city center rather than in more remote rural geographies. It can be mentioned that in the centers such as Hanoi, Ho Chi Minh City. In Ho Chi Minh City, Singapore, New York, Seoul, Shanghai, Da Nang, Coca-Cola stores are spread throughout. This shows that Coca-Cola's plan to segment the market based on regions is very effective in the end. And it also gives Coca-Cola business a great source of income as well as an undeniable reputation globally. 2. Demographic Segmentation The next market segment adopted by the Coca-Cola business is the demographic type. The above sentence can be understood as follows: dividing a large user group into a series of different market “teams” based on common factors, for example: nationality, education level, generation, religion, age, profession, etc. According to those criteria, the company gives itself a fairly large database to apply for the purpose of distinguishing customer groups. From there, the actual goal is achieved in the form of a survey related to the "appearance" of the user. This can be identified as the type of user group that identifies simply in the market segments of Coca-Cola. Similar to the idea above, demographic segmentation also helps businesses locate target shoppers. Then help them sell in the most effective way and also anticipate the mistakes that shouldn't happen. This is a pretty detailed way of grouping, individual to shoppers. But also because of that, Coca-Cola becomes able to understand the users of its products better, and then create a list of beverage products that suit their needs. 3. Psychographic Segmentation Psychographic segmentation is a difficult but also very interesting type for a large number of individuals interested in understanding customer psychology. This market segment of Coca-Cola will group shoppers according to the customer's standards, lifestyle, or personality. This type of segmentation can be considered very difficult to understand because in the same demographic, different psychographic structures can coexist. Maybe that's why it raises the question "Why is Coca-Cola capable of developing and creating a drink that suits all personalities?". The experts operating in the market segmentation of Coca-Cola must be sophisticated individuals as well as very studious. Because it is very difficult to understand the thoughts and feelings of customers. An individual buying a product will sometimes have a set of opposing thoughts, and sometimes they are not identical. Simply put, maybe today that person wants to buy Coca-Cola, but when they go to the store, they change their mind. Therefore, grasping the individual psychology of consumers to create products that 34 MKT 113: COCA COLA COMPANY are not only suitable Matching personality but also creating excitement for buyers is not as simple as you think. This type of market segment for Coca-Cola will need to be constantly cultivated by their beverage company owners. 4. Behavioral Segmentation Finally, behavioral segmentation of individuals helps Coca-Cola divide consumers into separate sets of potential buyers based on information, attitudes, usage, and assessment methods. their product prices. Some other typical metrics include: user status, loyalty, benefits, attitudes, and willingness to buy. All of the above factors seem quite difficult to determine exactly, but just a little observance can partly guess what they mean. Coca-Cola businesses may partly make the most of this type of market classification to bring themselves more potential consumers. So as a result, Coca-Cola successfully built itself a strong foothold in the market. And Coca-Cola's drinks are increasingly rich, not boring, and are used by many ages. In short, Coca-Cola is one of the leading consumer goods merchants with highly effective business strategies, including market segmentation by various types. Although there are many forms of market segmentation, Coca-Cola only uses four main types of segments mentioned above. We can see Coca-Cola's foresight when conducting commercial activities. Other businesses can learn from Coca-Cola through how the beverage business uses market segmentation. From here, the business market is growing more and more, giving birth to a series of product lines that are more suitable for users' minds. II. 2 KEY PRODUCT DIFFERENCES TO MEET EACH MARKET 1. Segment 1. Geographical segmentation Coca Japan is a product of the Coca Cola brand but it is specifically designed for the Japanese market. The first and most noticeable difference is the product packaging. Unlike the usual plastic cans or plastic bottles, Japanese Coca-Cola has an attractive and eye-catching packaging – an aluminum bottle with an aluminum cap, with a volume of 300ml and can be reused many times. This is a new and unprecedented type of packaging. Besides this design, now the Japanese version also has aluminum cans and the design is completely different from the regular version. Like other versions, Japanese Coke has some key ingredients such as water, CO2, caramel coloring, flavoring agents (vanilla, cinnamon, citrus) and sweeteners. However, the novelty that makes the difference for Japanese fresh Coca is in the taste. Japanese Coca has a delicious, sweet taste (not too sweet like other versions on the market) and 35 MKT 113: COCA COLA COMPANY especially a strong gas concentration that increases the feeling of refreshment and creates excitement when used. 2. Segment 2: Demographic Segmentation From the very beginning, Coca Cola was aimed at young people and even placed ads on school bulletins in Atlanta in the 1880s and 1890s. in 1931, the brand combined with the image of Santa Claus just finishing a coke bottle to become one of the most prominent product certifications of all time, with hot youthful style and here, coca. cola was successful, according to the survey, coca cola was well received by young people. Age: Coca-Cola is mainly aimed at young people, showing a youthful and dynamic style. - 3. Segment 3: Segmentation by psychology Coca-Cola constantly improves packaging and designs become more beautiful and convenient. Bottle packaging coca includes: 330ml, 1.5L Pet bottle, 330ml container, the company also offers 390ml plastic bottle with compact and elegant design, to easily meet the shopping needs of each. Coca Colaintroduced the unique “Fanta Fun” bottle model. This is a fun and unique bottle with a unique and attractive design that makes the Fanta product more attractive and stylish. This new bottle design will highlight the youthful style, Dynamic characteristic of Fanta brand, suitable for young people. 36 MKT 113: COCA COLA COMPANY Coca Cola's efforts to improve packaging and design in order to give customers a new, unique, happy, optimistic and convenient feeling when using - Coca Cola only operates in the beverage sector. including drinking water, non- alcoholic drinks and carbonated drinks. The company has created many types of drinks with different flavors and designs to meet the diverse needs of customers, such as: Coke less gas, Sprite, Fanta, Vanilla flavored Coke, Fruit flavored Coke, ... In recent times, the company has constantly researched and developed many new products to serve consumers. 4. Segment 4: Segmentation by behavior Customer benefits: quality, satisfying demand: Coca-Cola regularly organizes many promotions to give gifts to customers such as: Pop the double cap - Win for a lifetime, Sing with Coca-Cola- Cola, Happiness Factory ... have made good impressions of consumers, especially young people, for Coca-Cola Usage level: little, medium, much III. NEW PRODUCT Coca Cola startlight 37 MKT 113: COCA COLA COMPANY Target customers: for youth, art lovers, people who have healthy diets. (psychographic segmentation) Details: - "Cream soda, caramel flavor" with a cotton candy smell. Starlight will also come in a sugar-free version. - "Inspired by space, Starlight was created with the vision that—in a world of infinite possibilities—somewhere in our universe, another kind of Coca-Cola, another way of connecting with each other might exist," the brand said in a press release. - "It aims to bring space to life through a simple sip, capturing some of the mystery and essence of what we love about what lies beyond our atmosphere." Coca Cola with Coffee Mocha Target customers: people who want the uplifting and refreshing taste of a Coke with the familiar flover of coffee (behavioral segmentation) because we know that while there’s nothing better than a 3.pm ice cold Coke, we are competing with coffee during these break moments. 38 MKT 113: COCA COLA COMPANY Details: Coca Cola has released a mocha flavor of its popular ready – to – drink line of coffee – infused soft drinks. Joining the already available dark blend, vanilla, caramel, and vanilla zero sugar, the mocha flavor “sips like a Coke and finishes like a coffee”. WEEK 8: MANAGING SUCCESFUL PRODUCTS, SERVICES, AND BRANDS. I. COCA - COLA PRODUCT LIFE CYCLE: Coca Cola completed its distribution system around the world, in 1960 doubled the number of factories, accounted for 60% of the world beverage market share, and became the leading brand in the beverage field. 1. Price Market, easily adapting to customer needs and contexts, thereby optimizing demand from customers. Discount (discount): selling on e-commerce platforms to have many discount codes and free shipping for customers, on 39 MKT 113: COCA COLA COMPANY holidays, the policy of buying 2 get 1 free, discount when buying a whole box... Payment term (payment policy): cash payment, electronic payment (eg: bank, shoppee pay, VNpay, apple pay...) Marketing strategy of Coca Cola on distribution system (Place) One factor that makes Coca-Cola the most loved beverage brand in the world is its availability. It can be seen that the distribution system of Coca-Cola is a system following the distribution model of FMCG. Coca-Cola is present from rural to urban areas and is present in grocery stores and supermarkets in each market they target. The distribution strategy (Place) of Coca-Cola is extremely diverse. 2. Direct distribution Direct distribution channel is a strategy used by the Coke family from the very beginning of the business. With the advantage of this form, it helps the brand to sell directly, actively distribute goods, and grasp the source of goods in a timely manner. Currently, in addition to direct distribution through agent stores, Coca-Cola also continues to maintain direct distribution through e-commerce channels such as Shopee, Lazada, tiki, tik tok... or at vending machines to find and buy suitable products. 40 MKT 113: COCA COLA COMPANY 3. Retail distribution Coca cola's retail distribution channel strategy to approach small groceries comes from the needs of consumers. In rural areas, shopping habits through retail channels are much larger than those of supermarkets and e-commerce channels. Distribution form Coca-Cola establishes retail discount rates to promote retailers. The items displayed on the shelves will attract customers to buy. 41 MKT 113: COCA COLA COMPANY 4. Supermarket and agent distribution channel The strategy of supermarket and agent distribution is to not have to travel many trips, simple management. Therefore, when placing coca cola cans on shelves at supermarkets and agents with beautiful locations, they attract customers more quickly. In addition, Coca Cola also offers attractive promotions. From there, customers visiting the supermarket will stimulate the demand to buy products of consumers. 5. Restaurant distribution channel Coca-Cola's customers are quite focused on the hotel restaurant distribution channel. Many restaurants and hotels offer Coca-Cola food and drink combos to promote customer purchases. For example, the brands Mc Dollar, KFC, Jollibee, ... are often familiar and associated with Coca-Cola products. Grasping this mentality, Coca Cola water will be placed in a priority position, thus increasing sales. Revenue is an essential factor. Products Change the design and model of Coca cola from plastic bottles, cans to Coca cola bags, or boxes with attached straws. 42 MKT 113: COCA COLA COMPANY Coca cola changes taste for people who need to gain weight that can increase the amount of protein and protein in the product. Coca cola milk to increase the nutritional content for consumers. Design Coca cola more diverse and novel colors instead of just one red color. 43 MKT 113: COCA COLA COMPANY Promotion strategies Coca-Cola is the gold standard in terms of advertising and branding. Coca Cola’s promotion strategy focuses on aggressive marketing through ad campaigns using media channels such as television, online commercials, print media, sponsorships, and so on. Coca-Cola sponsors important events such as American Idol, BET Network, NASCAR, NBA, NCAA, Olympic Games, FIFA World Cup, among others. Coca-Cola also airs commercials on television in a variety of national languages around the world. Coca-Cola started the “Taste the Feeling” campaign in India in March 2016, intending to remind people of the joy and happiness that Coke delivers to their lives. Coca-Cola has evolved into a mass-market product that is expected to be available at any time, anywhere. Proposed strategies: With advertising, companies should build content that is close to people, towards connecting family and social relationships such as friends, colleagues, and so on. Moreover, companies should maintain communication on mass media to remind consumers. With sales promotion, there are some special days of product discounts throughout the year such as Tet holiday, Mid-autumn festival, ... With public relations, coca-cola company should have a campaign to protect the environment and propagate to the community such as three empty cans can be exchanged for a new one. 44 MKT 113: COCA COLA COMPANY WEEK 10: MANAGING MARKETING CHANNELS AND SUPPLY CHAINS I. Coca Cola distributes products to target channels Analyze the direct marketing channels in your plan: With the goal of quickly supplying products to consumers, Coca Cola later had other distribution strategies such as through agents, supermarkets, wholesalers, etc. However, the direct distribution strategy is always focused. Today, Coca Cola distributes directly to consumer in the following forms: Selling online on sites commerce Vending machine system Selling at direct selling points 1. Distribution model of Coca Cola At level 4 we will have a wider market coverage than the remaining levels distribution channels of wholesale businesses will bring wider coverage and will earn more revenue for the remaining levels. 2. Coca-Cola's focal market 45 MKT 113: COCA COLA COMPANY Coca Cola's target market is mainly between the ages of 15-35. While Coca Cola's products are also popular with middle-aged customers, the brand's core customer segment is mainly teenagers and young adults. It receives strong love from both male and female consumers. 3. Selling at the most profitable direct selling points: Coca has maintained this form of distribution from the beginning until now, and in the future. Help brands quickly absorb customer comments. From there, bring timely solutions for their products. Save costs and grasp to always innovate services ⇒ contribute to increase sales, expand business networks Help buyers avoid buying fake and poor quality products Consumers will have full access Sufficient information on the source of goods, rich in choices and satisfying needs in the best way Direct selling also has an impact on reducing inflation, sellers providing information, focusing on finding ways to solve problems. of the buyer, offering the benefits of the product will help the buyer to spend smarter and more efficiently. 4. Activity time: Consumers will have full access to product information, rich choices and satisfy their needs in the best way. Direct selling also has an impact on reducing inflation, the fact that sellers provide information, focus on finding ways to solve buyers' problems, and offer product benefits will help buyers spend smart more and more efficient. 46 MKT 113: COCA COLA COMPANY WEEK 11: INTEGRATED MARKETING COMMUNICATIONS AND DM 1. Campaign advertising Make a movie (~1h) about the iconic coca cola bear: the bear's humor and cuteness will appeal to both children and adults and make a deep impression on customers This bear has appeared in the marketing campaign of Coca-Cola but not many people know about it. 47 MKT 113: COCA COLA COMPANY 2. Direct Marketing These days, it can be said that Coca Cola is one of the most popular drinks in Vietnam as well as in other countries. Coca Cola has the main brand that makes the history and reputation of the company: Coca cola and a series of other carbonated drink brands: Sprite (Lemon flavored carbonated drink), Fanta (Orange flavored carbonated drink), Schweppes soda drink, juice with nutri boost milk, teppy orange juice, dasani filtered water and Aquarius sports drink…. Coca Cola is also one of the corporations that spends heavily in its advertising communication to reach many customers and in localities. Marketing strategies of Coca Cola are always top priority and invest a large amount of money. In supermarkets and retail stores, the company's products are always displayed in eye-catching places to attract customers. Thanks to understanding the psychology of consumers, Coca Cola always offers promotions to attract Vietnamese users. This is a way for them to increase sales and promote their business image effectively. 3. Promotion - Opening and selling Coca-Cola products at convenience stores: buying from 2 CocaCola products will get 1 gift. - Scan the QR code on the bottle for a chance to win special gifts. - Buy glass bottles to exchange gifts. 48 MKT 113: COCA COLA COMPANY - Buy 6 cans get 1 free bottle of the same type. - Combine with apps: Momo, VNpay… to receive promo codes 49 MKT 113: COCA COLA COMPANY 4. Public Relations Bringing warm winter to upland children: With children in the city fortunately being warmed by their parents with sweaters and cotton shirts when it's just chilly, children in the highlands have to struggle against the cold. bare feet, an old shirt is torn and torn, even without enough clothes to wear and have to shower with cold water during the winter. Their innocent eyes, trying to cope with the winter really made us think in silence. We cannot compare the lives of urban children with the lives of their peers in the highlands, but in fact these are still two colors of life. This is also the reason we proposed the public relations concept of Coca Cola. Coca Cola should buy for upland children hot and cold bottles, teaching and learning equipment, and children's supplies in the 5 mountainous provinces of Dien Bien, Cao Bang, Tuyen Quang, Yen Bai and Dak Lak. Or there are warm meals for the children who study part-boarding at the school Charity results: will help Coca Cola create business value. When businesses support the community to solve the root of problems that the community is facing, the results will also contribute to creating a healthy business environment, and at the same time improving the quality of life where the business is located. operating industry. At that time, charitable activities will both benefit the community and create value for Coca Cola. 50 MKT 113: COCA COLA COMPANY 5. Personal Selling Coca-Cola can use vending machines everywhere to sell products to consumers. They can install credit card slots as well as start accepting apple payments to make it easier for consumers to pay. In addition, Coca Cola should use its relationship with certain companies and even amusement parks to serve only Coca-Cola products and Coke machines. These relationships force consumers to buy products as well as refer more people to the brand. - Sponsoring events and having Coca Cola salespeople participate in those events. - The sales person is the one who observes the position of the brand in the market and compares with the competitors on the brand and reports to the regional sales manager so the company also needs to provide training facilities for sales staff so that they can sell well and effectively, have experience in approaching and attracting consumers. 51