...Recommend the redesign of Hershey’s performance management system to appeal to the diverse groups that it employs: In answering the above question my recommendations of the redesign of Hersey’s performance management system to appeal to the diverse group that they employee would be to keep their current designed performance management system. Their redesign system caters to two specific generations, the baby boomers and the younger generation. Hershey has a system in place in which the baby boomers train/mentor the new “millennial” worker (employees in their twenties) due to, “the baby boomers tend to be interested in leaving a legacy, making the world better, so they generally are enthusiastic about mentoring their younger colleagues” (Noe, Hollenbeck, Gerhart, Wright, 2011). The baby boomers are role models, coaches, and advocates for Hershey. Mentoring gives them opportunities to utilize their abilities, experience, and wisdom both to their own benefit and that of Hersey’s to guide the younger generation employed with the company. Hershey has redesigned its performance management system appealing to the younger generations’ eagerness for challenge, autonomy, and results, the redesign was a bottom-up effort, in which people throughout the company set goals and track progress on projects. The system measures not only business results but whether they are achieved in accordance the Hershey’s four core values (Noe, Hollenbeck,...
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...Commodity Risk Assessment Plan The following provides guidance regarding the format and content of a risk assessment plan that should become part of a commodity strategy. Risk assessments can also be developed independent of commodity strategies. Section 1: This section includes an external intelligence report that describes in detail the supply market for the commodity/material. Who are the major suppliers and where are they located? Who are the major customers? What are the supply trends? Are there specific supply and demand price drivers? What is the overall competitive environment of the market for this commodity? The major suppliers are small, family-run cocoa farms in regions with tropical climate. Specifically, the primary growing sites consist of Americas, Asia and Africa, with a portion of 15%, 17% and 68%, respectively. Among them, Côte d'Ivoire in Africa is the largest producing country with a total 33% global supply volume. Usually, the cocoa beans are imported by direct purchase or through a broker. The ultimate major customers of cocoa are coffee and chocolate companies including Hersey, Godiva, etc. They are mainly from developed countries, whereas increasing markets exist in developing countries like China due to the growing middle class. With this stable demand growth, the total production for the past years has shown a growing tendency with a decreased increasing rate. Notably, due to the fluctuated weather patterns in recent years, it may pose more...
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...(717) 534-7556 Fax: (717) 534-6550 E-mail: mpogharian@hersheys.com Matthew F. Miller Investor Relations Manager Tele: (717) 534-7554 Fax: (717) 534-6550 E-mail: mfmiller@hersheys.com Prepared by: The Hershey Company Investor Relations Department 100 Crystal A Drive, P.O. Box 810 Hershey, PA 17033-0810 Internet: www.hersheys.com The Hershey Company Fact Book Table of Contents Page(S) 3 4 5-24 Mission Statement Acquisition/Divestiture Summary Key Corporate Events Financial Data Summary of Statements of Income - GAAP: 2010 & 2009 Summary of Statements of Income - Pro Forma: 2010 & 2009 Six-Year Consolidated Financial Summary Quarterly Performance (2010, 2009 & 2008) 2002 – 2010 GAAP & Non-GAAP Annual EPS Capitalization Financing Arrangements Long Term Financial Objectives Capital Expenditures Depreciation Cash Flow Analysis Share Repurchases Economic-ROIC HSY Stock Statistics Key Management Hershey Executive Team Operations U.S. Confectionery Industry U.S. Market Share U.S. Classes of Trade U.S. Snack Market Hershey Products Hershey Canada Hershey Mexico Hershey International Commodities Cocoa Sugar Hershey Manufacturing and Distribution 25 26 27 28 29 30 31 32 33 33 34 35-36 37 38-39 40 41-42 43-44 45 45 46-47 48-50 51 52-53 54-55 56 57 The Hershey Company What it means to stakeholders Consumers Delivering quality consumer-driven confectionery experiences for all occasions Employees Winning with an aligned and empowered organization…while having...
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...Relations Tele: (717) 534-7556 Fax: (717) 534-6550 E-mail: mpogharian@hersheys.com Matthew F. Miller Investor Relations Manager Tele: (717) 534-7554 Fax: (717) 534-6550 E-mail: mfmiller@hersheys.com Prepared by: The Hershey Company Investor Relations Department 100 Crystal A Drive, P.O. Box 810 Hershey, PA 17033-0810 Internet: www.hersheys.com The Hershey Company Fact Book Table of Contents Page(s) 3 4 5-24 Mission Statement Acquisition/Divestiture Summary Key Corporate Events Financial Data Summary of Statements of Income - GAAP: 2011 & 2010 Summary of Statements of Income - Pro Forma: 2011 & 2010 Six-Year Consolidated Financial Summary Quarterly Performance (2010, 2009 & 2008) 2002 – 2010 GAAP & Non-GAAP Annual EPS Capitalization Financing Arrangements Long Term Financial Objectives Capital Expenditures Depreciation Cash Flow Analysis Share Repurchases Economic-ROIC HSY Stock Statistics Key Management Hershey Executive Team Operations U.S. Confectionery Industry U.S. Market Share U.S. Classes of Trade U.S. Snack Market Hershey Products Hershey Canada Hershey International Commodities Cocoa Sugar Hershey Manufacturing and Distribution 25 26 27 28 29 30 31 32 33 33 34 35-36 37 38-39 40 41-42 43-44 45 45 46-47 48-50 51-52 53-54 55 56 The Hershey Company What it means to stakeholders Consumers Delivering quality consumer-driven confectionery experiences for all occasions Employees Winning with an aligned and empowered organization…while having fun ...
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...Company Introduction, Market Segmentation, and Product Positioning Company Extravagant Chocolate Incorporated will offer a variety of homemade luxurious, gourmet chocolates. Chocolate is a treat that most everyone loves some depending on the type, brand, and decadents. Extravagant Chocolate will have a variety of choices to answer any chocolate lover’s desires they range from dark chocolate, milk chocolate, and even white chocolate. The company will span the globe for the best ingredients to use to make the tastiest treats. They will include nuts, fruits, truffle, creams, and even spaces. The company will also offer chocolates with various flavors such as alcohols and champagnes. Due to the importance of setting the company apart from other competitors the company will do custom designs and colors for special occasions and events. These chocolates will be available for personal consumption, as well as perfect gift to friends, co-workers, and family members. Special orders will be handled with the upmost care when allergies are of concerns to include things like gluten free, nut allergies, and dairy allergies without forgoing the desired taste. The name in itself will capture the consumers attention and have them yarning to buy Extravagant Chocolates for personal taste treats or those special occasions. Mission Statement The mission of Extravagant Chocolate Incorporated is to be the leading producer and marketer of personalized chocolate while providing the best...
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...INTRODUCTION Grema is a food dessert product made up of crashed graham cookies and marshmallows dipped with Hershey chocolate added by a sprinkles on top of it. It provides a soothing and calming taste inside brought by the creamy milk blended with the marshmallows and the chocolatey flavor that looks perfect for sweet cravings. It is one of the product created by the Gingerbread Company (GC) this year of 2015. It is their latest innovation when it comes to world-class desserts. Grema comes from the word graham and marshmallows. “Gra” from Graham and “Ma” from Mallows when you combined them it will results to “Grama” but in relation to the features of the product’s creaminess it is suitable to sounds like “Crema” and the outcome fitted by the word “Grema.” This product is designed and created to provide a world-class taste for sweet desserts perfect for ones craving. It is seasonable for it can be craved anytime and anywhere at any season. It is perfect for those who find a sweet and chocolatey taste that would be perfect to soothe up their feelings. One of the goal of the Gingerbread Company is not just to increase their market sales but to leave a mark in the market the true meaning and essence of having a dessert that would perfectly fit one’s own sweets craving. PRODUCT STUDY History Gingerbread Company (GC) is one of the rising branded food and dessert product companies in the Philippines and continuously growing. It has been working for over 5 years after Ms...
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...Name Course Current & Emerging Technology Running a start-up company is a fairly easy task to take with basic business administrative skills. The problem start to arise when the business is showing progress and growth and expansion is imminent. At this juncture of growth, two things unfold for the business. The business earns more profits due to customer base growth, also known as economies of scale and also the business may run into difficulties in the daily running, also known as diseconomy of scale (Ordóñez et al, 2012). In Simple Gateways, growth is finally a reality and hence creeps in this diseconomy of scale. Communication is vital in any organization or company, and as such it is paramount that the communication be flawless. Communication in Simple Gateways is marred by a flawed system; this brings multiple problems to the company in terms of efficiency, accuracy and time management. Key stakeholders are affected negatively by the current inefficient system. Information is not easily disseminated between departments; this greatly hampers the progress of the company and promotes the redundancy in record keeping. Much improvement needs to be done to salvage the situation. Information should be readily available for all the stakeholders on demand. Whether it is between managers or subordinates, there should be a smooth and steady flow of information. There should be an effective system implemented for further future growth and efficiency. The current system...
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...The Hershey Company Presents Bucket of Chocolate The Hershey Company Presents Bucket of Chocolate Table of Contents Situational Analysis Executive Summary 4-5 Introduction 5-6 Industry Analysis 7 Product Category 7 Nature of Demand 7 Product Life Cycle 8 Top Competitors 9 Company Analysis 9 The Hershey Company Background 9-10 The Hershey Company Mission Statement 10 The Hershey Company SWOT Analysis 10-16 Competition 17 Nestlé Background & SWOT Analysis 17-21 Mars Background & SWOT Analysis 21-25 Objectives for the New Product Plan 25-29 Segmenting, Targeting, Positioning 29 Segmenting 29-30 Demographic 30-32 Geographic 32-33 Psychographic 33 Behavioral 34 Target Market 34-35 Positioning 35 Marketing Mix Product Decisions 36 Product Description/Classification 36 Branding, Packaging, and Labeling 37 Hershey’s New Product vs. Hershey’s Existing Products 38 Hershey’s Bucket of Chocolate vs. Competitors 38-39 Price Decisions 39 Pricing Strategy 39-40 Hershey’s Bucket of Chocolate vs. Competitors 40-42 Place Decisions 43 Distribution Channel and Physical Distribution 43 Distribution Intensity 43-44 Placement Decisions Fit Positioning and Pricing Goals 44-45 Hershey’s In-Store Placement vs. Competitors...
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...Operations and Supply Chain Management concepts/tools Student’s Name University Affiliation Executive summary The paper has discussed the steps the B.F. Goodrich can use to ensure that they improve the decision making process that has been seen to be one of the disadvantages leading to the deterioration in the returns of the company. The paper has discussed he concept that can be followed by the company in solving the problem that they face and the paper puts across that the company can use the concept of aligning the demand planning across the supply chain. This has been seen to encourage focus of the company on the market demand and hence leading to the improvement of the market position. Background Information This report is based on B.F. Goodrich Corporation whose origin is based back to the time of Benjamin Franklin Goodrich who had followed an indirect route in the rubber industry. This is because he had pursued a course in medicine and education but later ventured into the business industry. B.F Goodrich had a tough experience during the periods when it was starting and the first product that it dealt with was products produced from cotton. From the early times of the company history there was a dedication to research and development in the rubber technology and always applied the earliest technology in the production of rubber tires. The products was diversified after the first world war due to the demands created at the time. B.F. Goodrich...
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...Environmental Factors-Starbucks LaToya Mason MKT 421-Marketing March 26, 2012 Sheryl Joyner Environmental Factors All corporations both nationally and corporations must consider the mechanics of expansion. This factor is inclusive for the marketing plan to start. Organizations have to review the global landscape, and industry trends to determine if expanding to a global market would be the right choice for the organization. Other factors that needs to be considered is confirming the market niche, timing considerations and of course have a marketing plan for the campaign. Once a decision is made, the marketing strategy is determined by the political, economic, and cultural environment. The political environment will have a significant impact on a company’s international marketing activities (The Political Environment, 2012). So, the political climate in other countries must be monitored in order to ensure successful marketing internationally. The economic environment is part of the macroenvironment encompassing wealth, income, productivity, inflation, credit, and employment which will affect the company’s markets and opportunities (Economic Environment, 2012). All of these factors are considered in the economic environment. The cultural environment is best defined as institutions and other forces that affect a society’s basic values, perceptions, preferences, and behaviors (Cultural Environment, 2010). One company that has been success in both domestic and...
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...Critical Success Factors of Enterprise Systems Name Institution OUTLINE Critical success factors for enterprise development 1. Business plan and vision 2. Change management 3. Management support and championship 4. Communication 5. Project management 6. Enterprise systems team 7. Business process re-engineering 8. Systems analysis and technical implementation Introduction Business ventures have taken a giant leap in adopting technology. The storage of business information is necessary in order to integrate all the resources of a company. There was a need for a system that could perform these functions with ease, and provide the management with a chance to put together their enterprise data. The enterprise system was developed to cater for this. It is a computerized information system that puts together large amounts of data that can be retrieved. It is used mainly for large companies whereby information relating to the various structures and operations of the company can be stored and retrieved when required.(Noha and Delgado, 2006) various factors that make the system efficient were identified, and they are discussed here in this paper. Success factors of enterprise systems. 1. Business plan and vision A business plan should be drawn to give direction to the company. It acts as the rationale as to why people engage in a business venture. The business plan should state the goals of the business, the mission and the vision...
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...Live Project Yumee - Cadbury PDF generated using the open source mwlib toolkit. See http://code.pediapress.com/ for more information. PDF generated at: Fri, 14 Dec 2012 20:46:55 UTC Contents Articles Cadbury Cadbury Dairy Milk List of Cadbury products 1 15 18 References Article Sources and Contributors Image Sources, Licenses and Contributors 32 33 Article Licenses License 34 Cadbury 1 Cadbury Cadbury Type Industry Founded Headquarters Products Revenue Subsidiary of Mondelēz International Confectionery Birmingham, United Kingdom (1824) Uxbridge, London, United Kingdom See list of Cadbury products £5,384 million (2008) Operating income £388 million (2008) Net income Employees Parent Website £364 million (2008) 71,657 (2008) [1] Kraft Foods (2010-2012) Mondelēz International (2012-present) Cadbury.co.uk [2] Cadbury is a British confectionery company owned by Mondelēz International Inc. and is the industry's second-largest globally after Mars, Incorporated.[3] With its headquarters in Uxbridge, London, England, the company operates in more than 50 countries worldwide. The company was known as Cadbury Schweppes plc from 1969–2008 until its demerger, in which its global confectionery business was separated from its US beverage unit (now called "Dr Pepper Snapple Group").[4] It was also a constant constituent of the FTSE 100 from the index's 1984 inception until its 2010 Kraft Foods takeover.[5][6] History 1824–1900: Early history In...
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...Evolution of a Family Business - Godrej Group Case Study Submitted by (Section C- Group 4): Abhishek Kumar(PGP11/129) Balaji Manohar(PGP11/140) Karthik Kumar(PGP11/151) Prashant Gangwal (PGP11/162) Santosh(PGP11/173) Supriya(PGP11/184) Group Assignment – Organizational Behavior II – IIMK Introduction ........................................................................................................................................................................ 4 Executive Summary ......................................................................................................................................................... 5 Overview of the Godrej Group ................................................................................................................................... 7 Organizational Structure .............................................................................................................................................. 7 Godrej Group Companies ........................................................................................................................................ 8 Competition .................................................................................................................................................................... 9 Family Business Model .......................................................................................................................................... 10 Key Success...
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...Factors 12 6.4. Core Competencies 14 6.5. SWOT Analysis 15 6.6. Objectives 16 6.7. Key Issues Identified 17 7. Development Strategies 17 7.1. Strategies base on SAVED 17 7.1.1. Strategy One: 17 Venture into tourism by providing two-way transport services to Johor Premium Outlets, Legoland and Hello Kitty Land from Singapore for families and schools 17 7.1.2. Strategy Two: 19 SMRT to provide transport services mainly for tourists to send them to their hotels from airport and partnership with budget hotels chains and hostels. 19 8. Selection of alternatives 21 8.1. Chosen Alternative 21 8.2. How is the chosen alternative superior to the rejected alternative? 21 8.3. Weakness of the chosen alternative and how to overcome 22 9. Implementation 22 10. Evaluation and Control 23 11. Conclusion 23 12. References 24 13. Appendix 27 13.1. Appendix 1: SMRT Operating Metrics 27 13.2. Appendix 2: Porter’s Five Forces 28 13.3. Appendix 3: SMRT List of subsidiaries companies 29 1. Executive Summary SMRT provides transportation to 5.5 million people (Department of Statistics Singapore 2015) and tourists and is one of the two major players in the transport network in Singapore. It offers a safe and reliable network of buses, taxis, Light Rail Transit (LRT) system and the Mass Rapid Transit (MRT). SMRT also...
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...2012 International Conference on Information and Network Technology (ICINT 2012) IPCSIT vol. 37 (2012) © (2012) IACSIT Press, Singapore Knowledge Management System and Higher Education Institutions Kalaimagal Ramakrishnan + and Norizan Mohd Yasin Faculty of Computer Science and Information Technology, University of Malaya, Malaysia Abstract. Knowledge Management System is the key in achieving opportunities for better decision-making and competitive advantages for organizations. Academic sector have significant opportunities to apply Knowledge Management System practices to their mission. Applying Knowledge Management System concepts has led Higher Education Institutions to explore how Knowledge Management System might be applied in a Higher Education Institutions setting. This study explored such uses of Knowledge Management System in Higher Education Institution. The paper is based upon a quantitative and qualitative study. It is produced after gathering feedback through questionnaires from twenty academic staff and eleven nonacademic staff in one of the public university in Malaysia. Results of the questionnaires and interviewing session with the academic and non-academic staff illustrate that, Knowledge Management System in Higher Education Institution could boost the efficiency, effectiveness, and quality of graduates who can satisfy the employers’ need in the entry level of employability in their future. Keywords: knowledge management system, higher education institution...
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