...have a bowl of General Mills Cheerios with Anderson Erickson 1% milk. As you munch on your cereal, you begin to look at the side of the box. What ingredients are in Cheerios? How are they processed and made? Who makes them? What does the factory look like? How are Cheerios packaged? What happens to the packaging when you throw the box away? How does General Mills do it all? How do they maintain customer loyalty? How do they manage their products? What is added to the product to satisfy the customer? General Mills’ brands are best known for quality and value added to their products. General Mills not only creates economic value, but it creates social and environmental value in the way it operates. General Mills is one of the largest companies in the world. Cheerios being one, General Mills manages 32 brands that offer various products. Yoplait offers many yogurt products focusing on the “goodness of taste” while supporting digestive health. Progresso offers a variety of soups and beans, as well as pasta dishes. Don’t forget about the Pillsbury crescent rolls at Thanksgiving or the chocolate chip cookies from Grandma’s house. These brands are all run by the company General Mills. As consumers, we sometimes question the entire process of how a product is made. Sometimes we wonder about the business that develops our products and what procedures they go through to create satisfaction for their customers. A ccording to their mission on the company website, General Mills strives to “nourish...
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...Summary General Mills first began as a flour Mill in the 1860’s and since the beginning they have been a successful, innovative company. Throughout the years they have grown to becoming the third largest food company in North America. General mills is committed to diversity, innovation and the relationships they have built. They believe their stakeholders are as important to the company as their customers, keeping them in mind for every business decision made. They have 6 key stakeholders; consumers, customers, partners, teams, shareholders and communities. General Mills believes the success of their stakeholders is a success for the company, every decision they make must add value to for their stakeholders. In 2001 General Mills completed a merger with their long-time competitor, Pillsbury. Both sides of the merger felt this was the best decision for each company involved, General Mills felt it would add value to shareholders, while Pillsbury was just happy the business would stay local. The merger was complete with a $10.5 billion price tag and would total $13 billion in annual sales. The only problem was Pillsbury’s weak performance, causing layoffs for General Mills. The best solution to remedy this problem is for General Mills to get its thinking caps on and come up with a new innovative product line for Pillsbury. It will take time and a lot of effort, but in the end the benefits will improve the new company and get Pillsbury performing at the same level as General Mills...
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...General Mills, Inc Summary General Mills is an American company that specializes in the production, packaging and distribution of food products. The company has managed to acquire a significant share of the market through mergers and acquisition. Currently, the company controls about 31 percent of the market. The industry is characterized by a moderate to low level of competition. The main competitors include Groupe Danone, Kellogg, and Kraft. Each company is able to retain its customer base since consumers tend to consume foods they are used to and hence strong brand loyalty. The company’s competitive advantage lies on its broad range of products and high level of innovation. High level of innovation has enabled the company to meet the changing customers’ need effectively while minimizing the operational costs. By providing a wide range of products, General Mills has managed to minimize risks. General Mills basically targets three groups, which include; baby boomers, Hispanics and the Minneapolis population. General Mills, Inc General Mills, Inc is an American company that is headquartered in Minneapolis in Minnesota. The history of the four industry traces back to the 1850’s and General Mills was founded in 1928 by James Ford Bell, who facilitated a merger between several milling companies in the region. The company is principally involved with the production and distribution of consumer foods. The company provides a wide range of products including meals...
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...Steven Masetti Professor Guo 11/29/13 BU201 General Mills General Mills is a company engaged in the marketing and manufacturing of branded consumer foods sold through retail stores. The company operates about 50 facilities for the production of the wide range of food products. General Mills operates through three business divisions, U.S. retail, international services, and bakeries and food service. Its consumer brands include Cheerios, Fiber One, Haagen-Dazs, Nature Valley, Yoplait, Betty Crocker, Pillsbury, Green Giant, Old El Paso, and Wanchai Ferry. Its main headquarter is in Minneapolis and the company operates in more then 100 countries. General Mills’ International operations have been growing rapidly in recent years. Fiscal 2012 international segment net sales are expected to exceed US$4 billion. including sales from the Yoplait international yogurt business acquired July 1,2011. International sales are growing 22%, although earnings will be flat with last year, capped by one-time charges in 2012 for acquisitions of brands in Canada, Brazil and the U.S. General Mills product line is very well increasing in revenue and one main product that has been a huge seller is the Greek 100. Greek 100 is General Mills’ biggest-selling new Yoplait product in at least 20 years. It’s expected to do $140 million in sales in its first full year. Only about 2 percent of new consumer product launches do over $50 million in their first year so that’s really a big move. Greek...
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...General Mills’ Acquisition of Pillsbury from Diageo PLC Lauren Sherlock Jason Park JP Zendman 12/9/2009 General Mills’ Acquisition of Pillsbury from Diageo PLC Situation Analysis: In December 2000, management at General Mills (GM) proposed a plan to acquire Pillsbury, a bakedgoods producer, in a stock-for-stock exchange. Pillsbury is currently controlled by Diageo PLC, one of the world’s leading consumer–goods companies. The deal specifies that General Mills is to create and thus issue additional shares of common stock to Diageo in exchange for complete ownership of the Pillsbury subsidiary. If the deal is executed, Diageo will become General Mills’ largest shareholder. The consideration to Diageo would include 141 million shares of the company's common stock and the assumption of $5.142 billion of Pillsbury debt, making the deal worth over $10 billion. In addition, the agreement will contain a contingency, as up to $642 million of the total transaction value may be repaid to General Mills at the first anniversary of the closing, depending on its (20-day) average stock price at that time. Therefore, we must calculate and thus analyze the various costs and savings associated with the transaction to determine whether or not General Mills’ shareholders should vote for the proposed merger. If approved, this will be the biggest takeover in GM’s 136 years of business and General Mills will become the fifth largest food company in the world (Forster, 2002). General Mills Company...
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...BA 3103: 11/15/2015 Critical Analysis # 3- General Mills Over time, changes occur and one of those changes are consumer demands in the food industry. More people are becoming health conscious and are interested in what they're consuming down to the ingredients used. A health trend that is occurring and taking over in all aspects in health and our not only food related. Companies are becoming aware and are taking note of these changes to this “self-care” health market. In order to appeal to the consumers these companies are going to have to shift the products their manufacturing and choose healthier products or correct how their current products are be being processed. Consumers are less interested in processed products and are appealing to fresh and organic products. One company trying to improve and advance on these changes is General Mills, Inc. General is a well-known multiple manufacturer of numerous products ranging from cereals to yogurt and many more. “It’s brand portfolio includes more than 89 other leading U.S. brands and numerous category leaders around the world” (Wikipedia). General Mills is reaching many consumers and has hit the top 500 list on Forbes list of largest corporations. Last month, General Mills had a recall on Cheerios and Honey Nut Cheerios on its cereals because of the presence of wheat in supposedly gluten-free products. “Jim Murphy, senior vice president of the company's cereal division, said he was "embarrassed and truly sorry" by an...
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...General Mills’ Acquisition of Pillsbury from Diageo PLC Lauren Sherlock Jason Park JP Zendman 12/9/2009 General Mills’ Acquisition of Pillsbury from Diageo PLC Situation Analysis: In December 2000, management at General Mills (GM) proposed a plan to acquire Pillsbury, a bakedgoods producer, in a stock-for-stock exchange. Pillsbury is currently controlled by Diageo PLC, one of the world’s leading consumer–goods companies. The deal specifies that General Mills is to create and thus issue additional shares of common stock to Diageo in exchange for complete ownership of the Pillsbury subsidiary. If the deal is executed, Diageo will become General Mills’ largest shareholder. The consideration to Diageo would include 141 million shares of the company's common stock and the assumption of $5.142 billion of Pillsbury debt, making the deal worth over $10 billion. In addition, the agreement will contain a contingency, as up to $642 million of the total transaction value may be repaid to General Mills at the first anniversary of the closing, depending on its (20-day) average stock price at that time. Therefore, we must calculate and thus analyze the various costs and savings associated with the transaction to determine whether or not General Mills’ shareholders should vote for the proposed merger. If approved, this will be the biggest takeover in GM’s 136 years of business and General Mills will become the fifth largest food company in the world (Forster, 2002). General Mills Company...
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...Employees Gobble up the benefits at General Mills #1. What employee benefits that are not described in this case would you expect to be important to employees at General Mills? Why do you think that they are not mentioned? Salaries, Employee Benefit Basics Retirement Options Training and Assistance Compensation Packages Health Insurance Family Benefits, Ancillary Insurance Time Off Wellness Initiatives Job training and retirement compensation should be most important benefits to GM employees but were not describe in this case Reasons I, think are as General mills vision to be the employer of choice globally, they refused to publicly discuss their salaries to avoid been copied or challenged by competitors. This area of the organization is kept confidentially with HR and its individual employees. “Our most valuable asset, we aspire to be a global employer of choice. We offer competitive salaries and benefits, provide a safe working environment, value diversity and encourage a healthy work/life balance. Our business success comes when employees feel empowered to take initiative, voice their opinions and build on their experiences within the company and in the community. We are proud of our strong sense of honesty and integrity. Wherever General Mills employees work, we strive to create an atmosphere of mutual trust and respect”. #2. What evidence can be found in this case to determine that benefits of General Mills are tied to benefits objectives and corporate...
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...KENT NYANDIEKA GENERAL MILLS SWOT ANALYSIS MGMT303 GENERAL MILLS HISTORY Critics criticized Cadwallader C. Washburn idea of starting a milling company. They said demand for flour from Midwestern spring wheat would never match what Washburn’s company could supplies. He didn’t see it that way. Washburn formed the Minneapolis Milling Company in 1856 to lease power rights to mill operators, and 10 years later he built his first flour mill near the falls of St. Anthony on the Mississippi River in Minneapolis. Despite continued criticism, he built a second, even larger facility in 1874. (General Mills) Within five years Washburn’s mill was destroyed in a floor dust explosion. Undeterred, Washburn immediately began building a better mill containing evolutionary new machinery to enhance both the safety of the operation and the quality of the flour. In 1880, Washburn and Crosby entered their finest flours in competition at the first International Millers’ Exhibition in Cincinnati, Ohio, winning the gold, silver and bronze medals, and establishing the Washburn Crosby Company’s flour as the best in the world. (General Mills). Soon after, the company changed the name of its finest flour to Gold Medal flour, which is still the No. 1 flour brand in America today. MISSION STATEMENT Our mission is to nourishing lives- making life healthier, easier and richer. (Company, 2012) GENERAL MILLS STRENGTHS One of the major strengths of General Mills is that they have established food brands...
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...Infrastructure of Champions HP success story One of the largest food companies in the world, General Mills has one of the lowest IT spends per revenue dollar in the consumer packaged goods manufacturing industry. The company, which has long pursued a strategy of IT standardization and consolidation, operates its entire global enterprise on HP systems — from the HP Integrity servers that run its SAP ERP and Business Information Warehouse, to the HP iPAQ Pocket PCs used by its retail salesforce. In addition to cost savings, the simplified infrastructure has enabled quick response to business change — most notably when General Mills acquired Pillsbury, a company of near equal size, and integrated it into its infrastructure in just 16 months. General Mills markets 100 of the world’s best-loved food brands, including Betty Crocker, Haagen-Dazs, Pillsbury, Green Giant, Old El Paso, Wheaties and Cheerios. It holds the No.1 or No.2 market position in virtually every category in which it competes. It also relies on a single vendor for its IT systems worldwide: HP. “We think that we’re extremely different in the way that we manage information systems at General Mills,” says Vandy Johnson, senior director of I.S. Operations, who oversees the $12.3 billion - dollar company’s business warehouse, data management, telecom, network, I.S. security, data center, and server and web infrastructure operations. General Mills operates the core of its business — supply chain, product lifecycle management...
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...1. a. Return on Equity (ROE) | ROE | GENERAL MILLS | 22.45% | KELLOGG | 57.78% | GENERAL MILLS: ROE= Net income / Average stockholder’s equity = 1294.7/ ((6215.8+5319.1)/2) KELLOGG: ROE= 1148/ ((1448+2526)/2) b. Return on Net Operating Assets (RNOA) | NOPAT | ANOA | RNOA | GENERAL MILLS | 1556.154 | 13060.8 | 11.91% | KELLOGG | 1346.4 | 7327.5 | 18.37% | GENERAL MILLS: RNOA=Net operating profit after tax /Average net operating assets Net operating profit after tax=2227.8-(622.2+421.7*0.38) +110.8 Average net operating assets = (19041.6-(12583.5-442-2208.8- 4348.7)+18183.7-(11725.8-1734-1254.4-3217.7))/2 KELLOGG: Net operating profit after tax= 1953-(485+296*0.38) Average net operating assets = (10946-3552+1+1387-300-631-947+11397-4044+466+1489-647-171-739)/2 ...
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...General Mills Inc.—Understanding Financial Statements Teaching Notes: This is the first case we use in our course and it sets the tone. We find that using a company well-known to students piques their interest and gets the course off to a good start. The purpose of the case is to gain familiarity with financial statements and to begin to think about how financial statements reflect economic events and financial performance. Some students need to be reminded that the point of the exercise is not to perform a comprehensive analysis of the company. At this point, most students do not have the required skills. Rather, the goal is one of discovery. Many students find that they understand a lot more of the information in the financials than they thought they would. Others find that the vocabulary bogs them down. They need to be encouraged to learn the language of business. A productive exercise is to have students jot down a few (3-5) items they find puzzling in the financial statements. Then, on the last day of class, have the students refer back to their list. Typically, they understand everything they had on their day-one list. This provides tangible evidence of the value of the course because most students are pleasantly surprised at how much they have learned. The case probes the three basic statements as well as the two opinions issued by the firms’ auditors. This provides the opportunity to introduce the notions of corporate governance and ethics. The case includes basic questions...
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...General Mills Inc.—Understanding Financial Statements Teaching Notes: This is the first case we use in our course and it sets the tone. We find that using a company well-known to students piques their interest and gets the course off to a good start. The purpose of the case is to gain familiarity with financial statements and to begin to think about how financial statements reflect economic events and financial performance. Some students need to be reminded that the point of the exercise is not to perform a comprehensive analysis of the company. At this point, most students do not have the required skills. Rather, the goal is one of discovery. Many students find that they understand a lot more of the information in the financials than they thought they would. Others find that the vocabulary bogs them down. They need to be encouraged to learn the language of business. A productive exercise is to have students jot down a few (3-5) items they find puzzling in the financial statements. Then, on the last day of class, have the students refer back to their list. Typically, they understand everything they had on their day-one list. This provides tangible evidence of the value of the course because most students are pleasantly surprised at how much they have learned. The case probes the three basic statements as well as the two opinions issued by the firms’ auditors. This provides the opportunity to introduce the notions of corporate governance and ethics. The case includes basic questions...
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...Essay mill From Wikipedia, the free encyclopedia An essay mill (also term paper mill) is a resource that allows customers to purchase an original piece of writing on a particular topic. Customers provide the company with specific information about the essay, including: a page length, a general topic, and a time frame with which to work. The customer is then charged a certain amount for each page. [1] Contents [hide] 1 History 2 Products and services 3 Legal status 4 Criticism and controversy 5 Strategies for combating academic fraud 6 See also 7 Further reading 8 References History[edit] The ideology behind term paper mills can be dated back to the mid-nineteenth century in which "paper reservoirs" were located in the basements of Fraternity Houses. Otherwise known as "Fraternity files". these essay banks were practices in which students shared term papers and submitted work that had been done by other students.[2] These essay banks inspired the commercialization of ghostwritten essay-writing practices. As early as the 1950s, advertisements were circulating college campus that described services that included ghostwritten work for dissertations, theses, and term papers.[2] In conjunction with this practice, the changing attitudes of students in the 1960s and 1970s started to stray away from diligent and engaged course work because they saw an emphasis on the benefits of community involvement. A new focus on activities outside of the classroom took away from...
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...Performance Evaluation 2. – Part 1 The owner of General Mills was Cadwallader C. Washburn. He created the Minneapolis Milling Company back in the year 1856 for leasing the rights to the operators, and 10 years later, the first flourmill was built under his instruction close to the falls of St. Anthony, which is by the Mississippi River in Minneapolis. Back in the 1860’s General Mills had only two flour grinders using better quality ingredients, which led the way for other competitors to follow. Dating back closer to our age, during the 1960’s General Mills came out with such products as Play-Doe, Easy Bake Ovens, and Nerf balls just for kids. The company was founded by Illinois Congressman Robert Smith, who leased power rights to mills operating along the west side of the Saint Anthony Falls on the Mississippi River. Cadwallader C. Washburn acquired the company shortly after its founding and hired his brother, William D. Washburn to assist in the company's development. General Mills operates in three different business categories. The three include U.S. retail, international, and convenience stores and foodservice. The industry that General Mills is a part of is the “food consumer products” as it’s shown on fortune 500. General Mills Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. They supply branded and unbranded food products to the foodservice and commercial baking industries. As for their revenues, GM managed to reach a net sales...
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