Give me a research summary for the following essay: •	Introduction – POINT 1

	The Coca-Cola Company, the world’s leading beverage producer, has been delighting taste buds and creating memorable experiences for over 130 years. Established in 1886 by Dr. John S. Pemberton, Coca-Cola has expanded from its humble beginnings in a small pharmacy in Atlanta to a global powerhouse with a presence in virtually every country on the planet. This research paper aims to explore the remarkable and well-documented journey of Coca-Cola - a story of innovation, resilience, and dedication that has captivated the world.

In this analytical study, we will examine a multitude of dimensions that have contributed to the success of this iconic organization. The scope of our research includes an in-depth investigation into Coca-Cola’s business strategy, marketing prowess, product diversification, and extraordinary growth trajectory. Additionally, we delve into the company’s corporate culture, its endeavours in sustainability and corporate social responsibility, and the challenges it has faced as it maintains its position atop the fiercely competitive beverage industry.

The unmatched legacy and continuous success of The Coca-Cola Company make it an ideal subject for business, marketing, and management scholars alike. Through examining and analysing the company’s inner workings, strategies, and triumphs, this research paper hopes to provide valuable insights, contributing to a deeper understanding of the factors that drive long-term success in the ever-evolving global marketplace.

•	First step: Choose an organization and investigate its practice and conclude its marketing plan – POINT 2

	Introduction

Coca-Cola, a global leader in the beverage industry, has been an iconic brand symbolizing refreshment and enjoyment for over 130 years. With a presence in more than 200 countries, the company has established an extensive distribution network and offers a diverse range of products catering to different customer segments worldwide. Coca-Cola’s marketing plan aims to further solidify its position as a market leader, promote its wide-ranging product portfolio, and continue creating positive experiences for its consumers across the globe.

Targeted Audience

Coca-Cola’s target audience encompasses a wide demographic, which includes people of all age groups, income levels, and lifestyles. However, its primary focus lies in catering to young adults aged 18-34, who seek refreshing beverages and are more likely to indulge in need-based and experimental consumption. Additionally, Coca-Cola also targets health-conscious consumers by offering low-calorie and zero-sugar variants of its classic beverages, as well as expanding its portfolio to include health-oriented drinks such as teas, juices, and bottled waters.

Market Research and Analysis

To stay ahead in a highly competitive market, Coca-Cola continually conducts market research and analysis to ensure that it delivers on consumers’ evolving needs and preferences. This research involves:

1. Consumer Insights: Employing quantitative and qualitative research on consumer behavior, trends, preferences, and consumption patterns to adapt Coca-Cola’s marketing strategies and product offerings.

2. Competitor Analysis: Evaluating the competitive landscape to identify opportunities and potential threats to Coca-Cola’s market position. This analysis includes studying the strategies of key competitors, their advertising campaigns, and product innovations.

3. Market Segmentation: Identifying and analyzing various market segments, such as age groups, income levels, and geographic markets, to develop targeted marketing campaigns that resonate with different customer groups.

4. Industry Trends: Keeping abreast with emerging industry trends, such as the increasing demand for healthier beverages and the growing importance of e-commerce and digital marketing channels.

Budget over the Next Five Years

Coca-Cola’s marketing budget for the next five years will be allocated strategically to support its marketing initiatives, product innovations, and expansion into new markets. Although specific financial figures are confidential, the overall budget will cover the following areas:

1. Advertising and Promotions: Significant investment in both traditional and digital media platforms, including TV, radio, print, social media, and online advertising.

2. Sponsorships and Events: Continued support for sports, entertainment, and cultural events to enhance brand visibility and consumer engagement.

3. New Product Innovations: Research and development to expand Coca-Cola’s product lineup and cater to emerging consumer preferences, especially in the health and wellness sector.

4. E-commerce and Digital Initiatives: Strengthening Coca-Cola’s online presence and optimizing its website and mobile applications for online sales.

5. In-store Marketing and Visual Merchandising: Collaborating with retailers to enhance in-store experiences and leverage point-of-sale materials to promote Coca-Cola’s products.

Implementation Stage

The implementation of Coca-Cola’s marketing plan will follow a well-defined timeline and involve close collaboration between various functional teams. Key steps in the implementation stage include:

1. Product Development: Formulating new products based on consumer preferences and market research insights.

2. Marketing Campaign Planning: Designing targeted marketing campaigns for online platforms (social media, email marketing, mobile apps) and traditional media (TV, print, radio).

3. Collaborations and Sponsorships: Securing partnerships with relevant entertainment, sports, and cultural events to boost brand recognition and consumer engagement.

4. Distribution Expansion: Identifying new retail partnerships and opportunities in e-commerce and other non-traditional channels to expand Coca-Cola’s presence.

5. Monitoring and Evaluation: Regularly assessing the effectiveness of marketing initiatives and analyzing key performance indicators (KPIs) to ensure that the marketing plan remains on track.

This comprehensive marketing plan will enable Coca-Cola to maintain its market leadership while continuously adapting to the evolving demands of its diverse customer base. By investing in market research and analysis, product development, and innovative marketing strategies, Coca-Cola will continue to be an iconic brand synonymous with refreshment and enjoyment for years to come.

•	Second Step (lifetime value): Use the study material to describe and/or draw a customer overall map including, journey(ies) and touch points – POINT 3

	Customer Overall Map for Coca-Cola

1. Awareness:
Touchpoints: TV commercials, social media ads, billboards, sponsorships, events, in-store displays, word of mouth

Journey: Potential customers are exposed to Coca-Cola branding and marketing materials.

2. Interest:
Touchpoints: Product placement in movies and shows, influencer endorsements, in-store promotions, online content (blogs, recipes, videos), word of mouth.

Journey: Potential customers may develop an interest in trying out or consuming Coca-Cola after repeatedly encountering the product in various touchpoints.

3. Consideration:
Touchpoints: Product reviews, comparison articles, recommendations from friends/family, promotions and discounts.

Journey: Potential customers evaluate their options and consider trying or purchasing Coca-Cola based on various factors such as taste, convenience, brand image, and price.

4. Purchase:
Touchpoints: Grocery stores, supermarkets, convenience stores, vending machines, restaurants, bars, online retailers, food delivery platforms.

Journey: Customers purchase Coca-Cola through different channels and locations according to their preference and convenience.

5. Consumption:
Touchpoints: Different packaging options (bottle, can, multi-pack), consumption at events, parties, gatherings, solo or group consumption.

Journey: Customers consume Coca-Cola in various situations, creating brand associations and experiences.

6. Post-Purchase Experience:
Touchpoints: Customer support, recycling programs, limited edition flavors or packaging, customer feedback channels, loyalty programs and coupons.

Journey: Customers may encounter post-purchase touchpoints through which Coca-Cola aims to maintain customer satisfaction, engagement, and encourage repeat purchases.

7. Repurchase and Advocacy:
Touchpoints: Social media content, brand advocacy, word of mouth, referrals, customer testimonials, familiarity with the brand.

Journey: Satisfied customers may recommend Coca-Cola to others, reinforcing loyalty to the brand and driving repeat purchases.

•	Third step: Review the loyalty chapter, then tailor or analyze the loyalty program for the chosen company, including a description of how it works – POINT 4.

	Coca-Cola’s Customer Relationship Management (CRM) loyalty program, known as the “Coca-Cola Plus” membership program, is designed to create customer loyalty and enhance engagement by rewarding customers with personalized perks and promotions. It is available in many countries, under different names and formats.

The Coca-Cola Plus program works by allowing customers to earn points through the purchase of Coca-Cola products. Customers can join the program through the Coca-Cola app or website and start collecting points by scanning the barcode or entering the unique code found on Coca-Cola products. The accumulated points can be redeemed for rewards, such as discounts, promotional items, sweepstakes entries, and exclusive experiences.

The program also offers personalized incentives by using CRM technology to analyze customer preferences and buying behaviors, enabling Coca-Cola to tailor their rewards and offers based on individual interests. This data-driven, personalized approach helps improve customer satisfaction and fosters long-term loyalty to Coca-Cola products.

In addition to product-based incentives, the Coca-Cola Plus program also incorporates social responsibility initiatives, allowing members to contribute to causes they care about by donating their points. By engaging customers with more meaningful rewards and experiences, Coca-Cola aims to strengthen its connection with its customers and create long-lasting relationships.