How did Coke find happiness? By graduating our Extreme Product Makeovers Coke found that "a sale is a transfer of enthusiasm." Happiness promotes enthusiasm. Happiness promotes positive emotional response. But does happiness promote carbonated sales? True, Coke spreads Happiness and wins advertising awards but does happiness translate into sales for Coke?
Happiness is not "It" for Coke. Happiness is a generic cost-of-entry parameter. Happiness is not 'ownable' - No matter how many impressions the company's corporate coffers cough up. The most highly consumer-desired product potential to use to reverse declines in carbonated beverage consumption is something else. There is a more powerful "Special User Effect" to better drive consumer habits and practices that can be owned. But nice work collecting the bling. Does anyone other than the agency take that to the bank?