Coca-Cola is a global leader in the beverage industry, known for its iconic brand and wide range of products. The company's success can be attributed, in part, to its effective performance management system.
Performance management refers to the process of setting goals, evaluating progress, and providing feedback and support to employees in order to continuously improve their performance. At Coca-Cola, this process is centered on the company's vision and values, and is designed to align employees' goals with the overall goals of the organization.
One key aspect of Coca-Cola's performance management system is goal setting. The company uses a process called "SMART" (Specific, Measurable, Achievable, Relevant, and Time-bound) to set clear and measurable goals for employees. This helps ensure that employees understand what is expected of them and have a clear roadmap for achieving success.
Another important aspect of the performance management system at Coca-Cola is ongoing feedback and support. The company uses a variety of tools and techniques to provide employees with regular feedback on their performance, including performance reviews, coaching, and mentoring. This helps employees understand their strengths and areas for improvement, and provides them with the support they need to develop and grow within the organization.
In addition to feedback and support, Coca-Cola also uses a range of rewards and incentives to recognize and reward top performers. This includes financial incentives, such as bonuses and salary increases, as well as non-financial rewards, such as recognition and career development opportunities.
Overall, Coca-Cola's performance management system is designed to create a culture of continuous improvement and support the company's overall business goals. By setting clear goals, providing ongoing feedback and support, and recognizing and rewarding top performers, the company is able to attract and retain top talent and drive business results.
Performance management system of coca cola pdf
The customer preferences are usually taken when deriving the company strategies. This quality management program measure all major departments including operations, production standards and supply chain distribution system. The Coca-Cola Company engages in the manufacture, distribution, and marketing of nonalcoholic beverage concentrates and syrups worldwide. The theory of bureaucratic management included in the classical theory was formulated at the end of the 19th century by Max Weber, a German sociologist, philosopher, and economist Kitana, 2016. Bottlers were able to overcome these operational challenges through consolidation to achieve economies of scale. This will make sure that employees are not held liable for actions inappropriately.
Pepsi Cola and Coca Cola Companies Performance Management
One of the largest multinational investors in the country, PepsiCo has established a business which aims to serve the long term dynamic needs of consumers in India. Advances in Economics, Business and Management Research, 64, 837-845 New business strategy to focus on choice, convenience, and the consumer. John Stitch Pemberton, a pharmacist. Coca cola is a mature product but company still making strategies to maintain its position in the market. However, KO does maintain ownership interests in many of its bottlers, ensuring that the relationship between the two parts of the Coca-Cola system remains close. Barriers to Entry It would be nearly impossible for either a new CP or a new bottler to enter the industry. The company should focus on wide product range within the beverage industry to capture more market share in the globally.
Coca Cola Performance Appraisal System Management Essay
The current CEO of coca cola is Muhtar kent. Following his marketing responsibilities, Gupta served as Head of Operations for Company-owned bottling operations and then as Deputy President. They are in their introductory stage, at present they have growth rate as everybody wants to try these new flavor. So, although the CP industry is not very capital intensive, other barriers would prevent entry. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments! You have unlimited revisions.
Coca Cola Performance Management Report
Rating and Rewarding Torrington et al. In many organizations — but not all — appraisal results are used, either directly or indirectly, to help determine reward outcomes. It established its own Coca Cola University CCU which provides various types of courses through classrooms, e-learning, and field training that can help its associates with personal and professional development both. No wonder, their brands have assumed an iconic status in the minds of the consumers. All papers are written from scratch. Property owners were paid a sales commission on Coke and Pepsi products sold through machines on their property, so their incentives were properly aligned with those of the soft drink makers, and prices remained high.
Coco Cola Performance Management System
Rivalry Revenues are extremely concentrated in this industry, with Coke and Pepsi, together with their associated bottlers, commanding 73% of the case market in 1994. The last component of the classical management theory, scientific management, was developed at the beginning of the 20th century due to the expansion of technological and industrial centers Kitana, 2016. While these stores did carry both Coke and Pepsi products, they could negotiate more effectively due to their scale and the magnitude of their contracts. According to Williams and Adam-Smith 2010 , during progressive reviews, managers compare the performance of employees against their individual objectives and those of the organization. As a result, the economy was increasingly regulated and many sectors were restricted to the public sector.
