Part 5 and 6 of coca cola project

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ebovafba1306

Business Finance

Description

Please see attach file before starting part 5 and 6

PART 5

When completing the "Internal and External Analysis" assignment earlier in the course project you were tasked with creating three strategic goals for your chosen company. From this assignment forward, you will be choosing one of those goals and carrying it through the strategic management process. Feel free to rewrite and improve the goal, but make your choice wisely. It will impact many of the upcoming project assignments. This assignment will require you to develop a staffing plan to attract, develop, and retain good employees to work on your chosen goal. It's very important that you're linking all of your choices to how it will help you accomplish that goal. Everything should be custom fit to that goal and that will be a big portion of the grading. For your staffing assignment, you'll need to write a detail breakdown of your HR staffing strategies that's at least two pages in length and addresses the following:

Goal Choice

  • Clearly state which of your three goals from your previous course project assignment that you wish to accomplish.

Attract

  • What are three traits that you believe employees must have in order to help you accomplish your chosen goal? Explain your choices.
  • In detail, identify two strategies that you will use to attract qualified employees to hire.
    • How do these strategies fit with your chosen business and chosen goal?
    • How will your methods of attracting staff cater to a diverse work force? What benefits will your goal in particular gain from having a diverse team working together?

Develop

  • Will you train your employees online or face to face?
    • How does this choice fit with your chosen business and chosen goal?
  • What are two areas that training for new employees should cover? Why did you make these choices?
  • What are two areas that training for existing employees should cover? Why did you make these choices?
  • How will you design your training to ensure that employees effectively collaborate and work as a team?

Retain


  • In detail, identify two retention strategies that you'll use to keep high performing employees.
    • What advantages and disadvantages does each of these strategies have?
    PART 6 Now that you've selected the goal you want to accomplish in your strategic management plan, it's time to start budgeting out the costs that will be involved with its implementation. This assignment will require you to create an operating budget that takes into account the strategies and choices you've already made in previous sections of the course project. It's important that you carefully consider exactly what you'll have to spend money on in order to successfully complete your goal. The numbers will be very general estimates, but you'll need to show the ability to accurately identify the major costs. The categories and subcategories for the budget should cover most if not all of the new expenses that will be present. This assignment should be at least two pages in length and complete the following:Goal Choice
    • Clearly identify your chosen goal in an introductory paragraph.
    Operating Budget
    • Create an operating budget for your goal.
      • The budget should include common categories and subcategories such as general operations, HR, marketing, miscellaneous expenses, etc.
      • Include all major expenses required for the goal. Common expenses include salaries, marketing channels, and inventory.
      • Connect the costs/categories that you're considering to your already created marketing, management, and HR strategies discussed in earlier portions of the project.
    Capital Budget
    • Identify two long-term assets from the capital budget that will play a role in the completion of your goal. These can be new purchases or existing assets.
      • Briefly explain the impact that each will have.

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Explanation & Answer

Attached.

Running head: COCA COLA COMPANY

1

Coca Cola Company
Institution Affiliation
Date

COCA COLA COMPANY
PART 5
Goal Choice
Every organization has set goals and objectives that it intends to achieve within a stipulated
period of time. These goals are very important since they help organizations in mapping the way
forward with the aim of increasing profitability as well as increasing sales. There are several
measures that need to be put into consideration in the achievement of the set goals. The CocaCola Company has set several goals and is using strategic implementation plans to achieve these
goals.
The Coca-Cola Company has set several goals. Some of these goals include ensuring that
some of these goals include ensuring that the company complies with the set market laws and
regulations. Identifying reliable suppliers and employees is also another goal of the organization.
The most outstanding goal of the Coca-Cola Company that I wish to focus on is the goals to
control over 95% of the market share
Attract
There are several individuals who need to play their role in ensuring that this goal is realized.
The employees in this company have a major role to play in ensuring that this goal is achieved.
Employees need to be committed in their duties. This is because controlling over 95% of the
market share would mean that employees need to work around the clock to make this possible.
Ensuring that employees have the right public relations skills is also very important. This will
ensure that employees are able to relate well with potential customers who in return become the
loyal customers in the company.

2

COCA COLA COMPANY
In achieving this organizational goal, employees need to sacrifice their time as well as other
ac...


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