You are an Investment Analyst
Indicate how this influences your investment decision related to the company. Coke has always been a company that strives to be innovative and stay ahead of its competitors, mainly Pepsi in this case. A much publicized event occurred where company executives at one time decided to change the formula to the soft drink after many years of proven success. The thought was that they needed to provide their customers with something new that could better compete with Pepsi’s cola beverage. This formula change was not well received and after a time the company switched its formula back to the original configuration to appease its customers. The company had gambled and found out the hard way that Coke drinkers were set on the classic recipe’s taste and did not want change. The Coca-Cola Company found out the hard way that there were many Coke loyalists that did not want a different tasting beverage and furiously clung to their favorite version, which was the original Coke formula. The company defended their position however, after switching back to the original formula, by saying that the risk was worth it for revitalizing the brand and reestablishing loyalties to the brand. Coke is no stranger to acquisitions as it is aggressive at acquiring small competitors and