What value can you get from Coca-Cola's strategy?
The Coca-Cola Company started with a single recipe for a carbonated soft drink. One hundred and thirty years later, the company is one of the largest companies in the world delivering hundreds of brands in over 200 countries and territories.
Few companies can boast the tremendous success and growth that The Coca-Cola Company has enjoyed for over 135 years. This accomplishment can be attributed to their unique strategy.
What's included in the Coca-Cola strategy template?
- 4x Coca-Cola Focus Areas
- 8x Coca-Cola Objectives
- 4x Coca-Cola Projects
- 16x Coca-Cola KPIs
Who is the Coca-Cola strategy template for?
This template is ideal for multiple teams working within the FMCG industry that are seeking new ideas and inspiration from market leaders to inspire their own strategic success.
How is the Coca-Cola strategy template relevant to your organization?
This template provides you with relevant insights from Coca-Cola - a leader in the FMCG space - to rethink your strategic approach based on one of the most famous strategies. Whilst you can look into Coca-Cola's Focus Areas, Objectives, Projects, and KPIs, you have the ability to change and manipulate this information to suit your needs.
1. Define clear examples of your focus areas
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards.
An example of a focus area within the Coca-Cola strategy template is: Brand Portfolio Management.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example of an objective within the focus area 'Innovation' within the Coca-Cola strategy template is: Grow newly acquired brands through marketing and integrating to our system.
3. Set measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI for the objective ‘Grow newly acquired brands through marketing and integrating to our system’ in the Coca-Cola strategy template is: Reduce new brands' production and distribution costs through our system of suppliers and distributors by 40%.
4. Implement related projects to achieve the KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
Some examples of projects within the Coca-Cola strategy template are: Increase demand by leveraging our marketing capabilities, and Develop a highly sustainable returnable glass bottle.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Get inspired by this Coca-Cola strategy template and launch your strategy in Cascade; it’s $0 forever.