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Choose four business functions for coca-cola company and in each functions discuss its key activities, objectives and two performance measures. These measures must meet the requirements of Smart ?
Choose four business functions for coca-cola company and in each functions discuss its key activities, objectives and two performance measures. These measures must meet the requirements of Smart ?
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ChatGPT
May 4
1. Marketing:
Key activities: - Developing marketing strategies to promote Coca-Cola products - Conducting market research to understand consumer preferences and trends - Creating advertising campaigns to increase brand awareness
Objectives: - Increase market share and brand loyalty - Drive sales and revenue growth
Performance measures: - Increase in brand awareness through surveys and social media engagement - Return on investment (ROI) for marketing campaigns
2. Supply Chain Management:
Key activities: - Managing relationships with suppliers and distributors - Ensuring efficient production and distribution of Coca-Cola products - Monitoring inventory levels and logistics
Objectives: - Reduce costs and improve efficiency in the supply chain - Ensure product availability and on-time delivery
Key activities: - Recruiting and training employees - Developing employee engagement and retention programs - Ensuring compliance with labor laws and regulations
Objectives: - Attract and retain top talent - Create a positive and inclusive work culture
Key activities: - Developing new product formulations and packaging designs - Conducting market research to identify consumer preferences - Testing and evaluating new product concepts
Objectives: - Drive innovation and product differentiation - Meet changing consumer demands and preferences
Performance measures: - Number of new product launches - Time to market for new products.
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Google Gemini AI
May 4
Function 1: Marketing
Key Activities: - Market research and customer analysis - Product development and innovation - Advertising and promotions - Public relations and reputation management
Objectives: - Increase brand awareness and market share - Launch successful new products - Drive sales and revenue
Performance Measures: - Specific: Percentage increase in brand awareness - Measurable: Number of new products successfully launched - Achievable: Increase in market share within a specific time frame - Relevant: Measures directly related to marketing objectives - Time-Bound: Quarterly or annual targets for key metrics
Function 2: Sales
Key Activities: - Customer relationship management - Sales forecasting and planning - Order fulfillment and logistics - Distributor and channel management
Performance Measures: - Specific: Target sales targets for specific products or regions - Measurable: Actual sales volume compared to target - Achievable: Realistic sales goals based on market demand and resources - Relevant: Measures directly impacting sales performance - Time-Bound: Monthly or quarterly sales quotas
Function 3: Operations
Key Activities: - Manufacturing and production - Supply chain management - Quality control and assurance - Environmental sustainability
Objectives: - Optimize production efficiency - Minimize costs and waste - Ensure product quality and safety - Reduce environmental impact
Performance Measures: - Specific: Unit production costs reduced by a certain percentage - Measurable: Production defects or recalls per million units - Achievable: Continuous improvement targets based on industry benchmarks - Relevant: Measures directly linked to operational efficiency and effectiveness - Time-Bound: Annual or quarterly targets for productivity improvement
Function 4: Finance
Key Activities: - Financial planning and budgeting - Cash flow management - Investment decision-making - Accounting and reporting
Objectives: - Maximize shareholder value - Maintain financial stability - Comply with regulatory requirements
Performance Measures: - Specific: Target return on assets (ROA) of a certain percentage - Measurable: Actual ROA compared to target - Achievable: Realistic return targets based on industry norms and company strategy - Relevant: Measures directly impacting financial performance - Time-Bound: Quarterly or annual targets for financial metrics