It’s been 40 years since Atlanta-based Coca-Cola launched a new formula for its famed namesake cola, called it New Coke and prompted a national outcry — forcing the company to walk back the decision on its biggest blunder ever.
The company has never been able to live it down, and the flub became a case study in what not to do in business.
How could the talented marketing minds in the downtown Atlanta tower have made such a massive mistake?
The decision came in the fog of war — the cola wars, that is.
Back in the mid-1980s, Pepsi was deep in a battle to try to take down Coca-Cola, with advertisements like the “Pepsi Challenge” that showed blind taste tests with people choosing the taste of Pepsi over Coke. A film by Sony on the cola wars involving Judd Apatow and Steven Spielberg is in the works, according to Deadline.com.
