Coca Cola Responsibilities

Paper Summary:

This paper explains that a multi-national conglomerate like Coca-Cola has extensive social and ethical responsibilities. It discusses how some workers of the Coca-Cola Company in Columbia have been involved in a series of violent crimes. The writer examines Coca-Cola's involvement in this issue, and whether the company can be held accountable in any way.

From the Paper:

"Coca Cola has grown tremendously since pharmacist John Styth Pemberton first invented a batch of his sweet soda in Atlanta in May 1886. For most companies, stakeholders are typically identified as the stockholders, supplier, employees and customers of the company. The demands and requirements of the stakeholders have also changed in the organization. The company "will actively cultivate a diverse, rewarding culture that encourages our people to develop to their fullest potential, assuring enjoyment and satisfaction in the Coca-Cola workplace." (Coca-Cola, The Actions We Will Take, 2005) The company has very defined markets at every location in which it operates. And depending on the legal requirements the operations might be with regional bottling plants and facilities in the region. Realizing the complexities of managing operation in different locations the company has established an International Advisory Council (IAC) to help senior managers make effective decisions for the company. (Coca-Cola, International Advisory Council, 2005) The company realizes that cultural, economic and political dynamics impact the strategy that can be employed by the company. By better understanding the needs of the local population and government and legal needs better insights can be got to help senior management plan better strategies for launching new brands or introducing existing ones. Location-wise, the company has five strategic units: North America, Africa, Asia, Latin America, and Europe, Eurasia and the Middle East. (YahooFinance, 2005)"

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