Strategic Management Process CS 1 Essay Example | Topics and Well Written Essays - 1000 words

Strategic Management Process CS 1 - Essay ExampleBut there is a need to mark more on employee satisfaction in the statements. In a competitive industry like beverage industry employee is the most important part for a company along with the customers. So the company should add the benefits they are providing to the employees in the value statement. Despite that the missionary work, vision and value statements of the company is well structured and in advance looking. Introduction In this modern world only one thing is constant- that is change. So in the world of change for matching the steps with the competitors the companies have to hypothesize a robust strategy for them. Every company have some niggling and long term objectives which they want to meet. Coca-Cola is not an exception. This paper is an attempt to see critically the mission, vision statements and the values of Coca-Cola using the view of the famous strategist Michael Porter. The researcher would also suggest any ch ange needed in the statements if needed. fine Analysis of the Mission, Vision and Values Mission Mission statement of a company describes the reason of the existence of the organizations. It also describes the value they are offering to the customers (Swales and Rogers, 1995, p.225-226). The mission statement of Coca-Cola is To refresh the world... To inspire moments of optimism and happiness... To create value and make a difference. (Coca-Cola Company, 2011) The mission statement of Coca-Cola is describing the reason of their existence through their first two statements and to the highest degree the value creation through the 3rd statement. The statement accounts for the customers interest. The expectation of the shareholders is also met. If the company is able to meet the expectations of the customers, it can generate revenue, and the return of the shareholders will quiver a boost. But through this statement the interest of the other stakeholders like the employee expectations is not met, not also the community. Vision The vision statement of the company should focal point on the future and provide a solid foundation for the organization. The vision statement doesnt change like the objective or goal of the company, which is of short term. The vision describes the long term strategy of the company as well as the stakeholders importance more precisely (Lipton, 1996, p.84-86). The vision statement of Coca-Cola is as follows. passel Be a great place to work where people are inspired to be the best they can be. Portfolio Bring to the world a portfolio of shade beverage brands that anticipate and satisfy peoples desires and needs. Partners Nurture a winning network of customers and suppliers, together we create mutual, enduring value. Planet Be a responsible citizen that makes a difference by helping build and support sustainable communities. Profit Maximize long-term return to shareowners while being mindful of our overall responsibilities. productiveness B e a highly effective, lean and fast-moving organization. (Coca-Cola Company, 2011) The vision statement of Coca-Cola emphasizes on the interest of the stakeholders. Their long term strategy is enhancing their portfolio so that they can meet the expectations of dissimilar target customers. The corporate social responsibility factor has also been addressed by the company management