Question

The Coca-Cola Company

1. A summary of the selected strategy and the impact on R&D, Finance and Accounting, and MIS.
2. A description of the role that the R&D, Finance and Accounting, and MIS would play in the implementation of the strategy.
3. An analysis of the changes to these organizations that would be required for successful implementation.
4. Recommendations for feasible changes.

Answer 1

Finance and Accounting will play roles like:

Projected Financial Statements: Enables an organization to analyze the potential outcomes of different tasks and methods; allows an institution to measure the estimated financial measures in specific scenarios of policy execution.

Financial Budget: A plan outlining how to receive and invest funds over a given period of time, including cash budgets, operational budgets, revenue budgets, income budgets, production budgets, construction budgets, expenditure budgets, divisional budgets, contingent budgets, adjustable budgets, and set budgets.

R&D gives an idea of the technical capabilities of an organization. Whether a new product can be launched or not, a new technical challenge can be solved or not, Thus, it is an essential part of strategy formulation.

MIS is a communication channel that enables all departments to communicate with each other effectively. So, Having a powerful MIS will not only enable an organization to take a huge leap ahead but will also allow for contingency planning.