Companies can easily be tempted to react to unfavorable market trends by attempting a major transformation that takes their business in diverse new directions. But, although Coke faces challenges, according to the March 18, 2015 Wall Street Journal article “What Is Coke CEO’s Solution for Lost Fizz? More Soda,” Coke does not plan to diversify much. In contrast, Coke’s rival Pepsi has embraced diversification more, but profit suffered and Wall Street objected. Both Coke and Pepsi face market trends unfavorable to their flagship soda products.
According to my 25+ years researching business success and failure patterns, it is usually Continue reading “Coke’s Challenge Battling Unfavorable Market Trends” »