Of Thinking Globally and Acting Locally Essay Example | Topics and Well Written Essays - 500 words

Of Thinking Globally and Acting Locally - Essay ExampleThus, business organizations like Coca-Cola (Coca-Cola) Company take on the challenge of thought globally but acting locally.Coca-Cola is currently one of the most recognizable and widely sold commercial brands in the global arena. The company capitalizes on its immense distribution network comprised of 9 million retailers in more than 200 countries (Klebnikov 2003). Amidst its being a global brand, what is apparent is the companys innate desire of satisfying from each one locale according to their needs. This aim of Coca-Cola send away be seen its products and promotion strategies.Coke, the flagship brand of the company is marketed worldwide. It should be noted that this product has been warmly accepted by the global market because of its universal taste. Coke has a universal taste which discounts the differences in nationality, culture, and traditions. However, the company recognizes that the product portfolio offered in e ach foreign market should be tell apart as not all product appeal to all consumers. Thus, Coca-Cola strives to develop a product portfolio which is unique for each market. Quoting the companys annual reportConsumer demand can vary from one locale to another and can change over time within a single locale.