...Management Planning Paper La Trisha Bonner 330 November-20-2010 Joe Cheng Management Planning Paper Planning is a major function that has been put into place by companies large and small, when covering various steps in running their companies. Traditionally, however, large companies have been on the forefront of strategic planning performance. Such companies face several internal and external factors that have an impact on their organization, but more specifically, the planning function of management. These factors are often broad and can include issues such as ethics, legality, and social responsibility. The Altria Group, Inc. is a company that is often criticized for ethical and social issues, and these factors have a great deal impact on organizational planning. Previously known as The Phillip Morris Companies, Altria Group Inc. produces a wide variety of tobacco, beer, and food products. “Altria sells some of the world’s most successful and best-known packaged goods. Altria’s Philip Morris divisions make several leading cigarette brands and other tobacco products in the United States and internationally. The Philip Morris USA division is the nation’s leading cigarette manufacturer. Altria’s food division, Kraft Foods, Inc., produces a variety of popular cereals, prepared foods, and beverages. Altria is also the major shareholder in SABMiller plc, formerly known as the Miller Brewing Co., which makes some of the best-selling...
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...Kraft Foods Group, Inc. Mission, Vision, Values and Goals Course Number: MGT599 Trident University Dr. Nanette Scarpellini Metz April 22, 2013 Abstract Kraft Foods Group, Inc. has a mission and vision statement that accurately reflects the strategic business plan and encompasses their brand. These statements have been effectively written to be mutually supporting and provide the roadmap for continued success. Based upon Kraft’s mission and vision statement, the company has developed a well-rounded set of values centered upon a “Responsibility” approach. The company has also identified and pursued incremental goal subsets that are moving the company in the direction of the vision statement via following the mission statement parameters. I ascertain Kraft Foods Group, Inc. is and will continue to be a successful business in the near and long term. Kraft Foods Group, Inc. Mission, Vision, Values and Goals Kraft Foods Group, Inc. has developed an effective business plan strategy that includes concise mission statement, vision statement, values and goals. The original company was established over 100 years ago; however, it has undergone significant restructuring in October, 2012 by splitting into two separate companies (Forbes, 2013). The resultant Kraft Foods Group, Inc. manufactures and markets packaged food products, including beverages, cheeses, convenient meals and various grocery products primarily marketed within the North American markets with the...
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...Bonimy November 30, 2014 Choosing a Distributor Sysco Inc. is one of the leading distribution companies in the world. They are global leaders in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, and lodging establishments. Equipment and supplies for the foodservice and hospitality industries are also included in their list of products. Operating 193 distribution facilities, this company is able to service approximately 425,000 customers. For Fiscal Year 2013 that ended June 29, 2013, the company sales broke records with more than $44 billion in sales. The history of SYSCO is an extensive one that truly explains how this company was able to build itself up into the largest marketer and distributor of foodservice products in North America. SYSCO provides food and other products and services to 270,000 restaurants, schools, hospitals, nursing homes, hotels, businesses, and other organizations. Their 70 distribution facilities serving more than 150 of the largest cities in the continental United States and parts of Alaska and Canada make this feat possible. The company's line of products includes about 200,000 items, including fresh and frozen meats, seafood, poultry, fruits and vegetables, baked goods, paper and disposable items, chemical and janitorial products, beverages, dairy foods, and medical supplies which will be covered in more detail later in this paper. Ever since being founded in 1969, SYSCO has grown at a...
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...General Mills, Inc. The Value of Sustainability Presented by: Wesley Fischer Matthew Lenz Douglas Sechrist James Trapp The General Mills, Inc. Leadership Team for Global Responsibility Programs and Performance is headed by Chief Executive Officer, Ken Powell, and Chief Sustainability Officer, Jerry Lynch. With two other top-management leaders, this team is dedicated to proactively working towards sustainability. The company mission statement hints at sustainability goals with phrases such as “products that make life healthier, easier, and richer”, “Do the right thing, all the time”, and “Grow and inspire”. Based on the achievements and goals set by the company, General Mills, Inc. has positioned itself well in regard toward the movement to engage in sustainability efforts. This detailed analysis of their sustainability progress to date shows that they have made movements as an organization in the direction of sustainability through these ambitious ideals. In their Global Responsibility Report from 2014, General Mills, Inc. divides their sustainability achievements and goals into five subsections: Health and Wellness, Sourcing, Environment, Workplace, and Community. As follows are some of the actions taken by General Mills, Inc. that exemplify the company goals regarding global responsibility in these subcategories of sustainability. Health and Wellness General Mills, Inc. caters its Health and Wellness goals around improvements to products and the implementation...
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...BJ’s Wholesale Club Nikki Celso Florida State College of Jacksonville Professor Elizabeth Oppe March 9, 2011 Abstract This research paper will inform you about BJ’s Wholesale Club. You will learn of there mission and vision statements. How this club keeps to its mission and vision statements. How it is involved in our local communities. Maybe you will want to be a part of this company. I have chosen BJ’s Wholesale Club because I am a member and I probably should know a little more about the company. The information about BJ’s that I already knew was, the store was named after the owner’s daughter, Beverly Jean. The owner started this company in the 1980’s. A man named Azyre started BJ’s Wholesale Club. BJ’s started as a discount department store chain in 1984, on the border of Medford/Malden, Massachusetts. When Zayre sold their nameplate to Ames, a rival discount department store, TJX Companies was formed which owned BJ's. TJX spun off their "warehouse division," consisting of BJ's and now defunct Home Club, to form Waban, Inc. Later Waban spun off BJ's to become an independent company, headquartered in Natick, Massachusetts. (Scripophily) As of January 30, 2010, BJ's operates 190 BJ's warehouses in fifteen states. (Bjs.com) It employees over 23,500 people (full and part-time.) Today, BJ's common stock is traded on the New York Stock Exchange under the symbol "BJ". The letters B and J are commonly misinterpreted to stand for Berkley and Jensen, which...
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...Whole Foods Market, Inc. Erika Hawkins Argosy University Introduction Whole Foods Market, Inc is a supermarket outlet that handles natural and organic foods. It has outlets in United States, United Kingdom and Canada. By year 2011, it had 311 stores in U.S., five in U.K and seven in Canada. The firm offers an array of natural and organic food items with particular focus on perishable foods. Some of its foods include grocery, bakery, specialty, nutritional supplements, body care, books, pet products, seafood, meat & poultry, catering, coffee & tea and vitamins among others. A quick glance at the financial statements its net income after tax has been growing significantly for the last four years. The company reported a net income of 146, 245, 342 and 465 million the years 2009 up to 2012 respectively (Whole Foods Market Inc. 2013). 1. Company’s financial performance for 2010 The company did not offer any dividends to stockholders for the year ended September 2010. The stakeholders philosophy at Whole Food is customer first then the rest partake to what remains. The other stakeholders such as stockholders, employees, environment, suppliers and the community share on the remaining benefits. The company believes in meeting values of all stakeholders rather than the common approach by many firms where the needs/interests of shareholders come first. Many organizations have tended to focus on the interests of shareholders at the expense of the rest...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Social Issues A Bug’s Life Through the Lens of Karl Marx In: Social Issues A Bug’s Life Through the Lens of Karl Marx A Bug’s Life through the lens of Karl Marx Disney’s Pixar film, A Bug’s Life, is much more than meets the eye. The film is not only an animated comedy; it holds deep sociological theory within its plot. Many of the major themes and concepts of the movie can be viewed through the lens of the famous theorist Karl Marx. Marx’s theory is famous for focusing on how society functions. In particular he concerns himself with how capitalism, the working class, and the revolutions create problems in our society. My paper will analyze how Marxian theory and concepts fit into major climactic scenes of the film. The film revolves around the protagonist Filk, a worker ant. The colony is being oppressed by a group of grasshoppers and their leader Hopper. The grasshoppers claim they will provide protection as long as the ants provide the food supply. When the ants cannot supply the food for the grasshoppers, Hopper demands the ants to produce twice as much food as they did before. As a result, the ants will not have enough food to store up for themselves. Filk then travels to recruit warrior bugs to help the ants fight off the grasshoppers. According to Marx, this would free the colony from the constant oppression of...
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...Restatement Financial Accounting/ ACC537 Myrtle Clark Sheila Haskins April 14, 2014 In this paper I will discuss the restatement of Diamond Food Inc.’s financial statements. The errors in accounting principles involved and what effect it had on financial statements. How changes affected the stockholders. In February 2012, Diamond Foods Inc., issued a statement that they have to restate the financial statements for 2010 and 2011. Diamond Foods Inc., was forced by the audit company y to restate earnings after an extensive investigation. It was discovered that “internal controls were inadequate and that certain grower payments for the 2011 and 2010 crops were not accounted for in the correct periods” (Harris, 2012). After the investigation, the Board of Directors took control of the company. The board dismissed the CEO and CFO and placing them on administrative leave. The pending deal where Diamond Foods were to acquire the Pringles brand from Proctor & Gamble is also in jeopardy. This deal was at a value of $1.5 billion which would have given Diamond Foods Pringles potato chips and other products. Diamond Foods remained confident that the financial statements were accurate. the terms The contract between Diamond Foods and Proctor & Gamble, gave Proctor & Gamble an option to withdraw from the deal based on any problems with the financial statements of Diamond Foods. The audit committee investigation was then taken up by the Securities and Exchange Commission...
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...Technology/Innovation Scope Suppliers Management Team Manpower Financial Aspect * Initial Investment Annual Sales Annual Expenses Annual Income Return on Investment Executive Summary The Food Box is a retailer of home cooked meals which addresses the needs of undergraduate UPLB students living in dormitories or apartments for low-cost meals that can be acquired anytime despite time constraints. The product is a food box, patterned from Chinese paper boxes, wherein the food and drink are contained in one vessel with specific divisions. This would enable the students to consume their meals while they are walking or in transit. Meals will be prepared only when an order is placed to ensure the quality and freshness of the product. Aside from this, the Company chooses not to add preservatives to the meals to provide a healthier option. Market Size Competitive Advantage The financial team projects its start-up costs to sum up to a total of 87 071.75 pesos. Majority of these funds will be used to build the first facility, pay deposits, initial inventory, and other one-time expenses. This includes payments for the food stall, the motorcycle, required business permits, fans and lights, and all the kitchen facilities necessary for the food stall to operate. On the first year of business operation, the finance team estimates an income of 125 854.00 pesos with a Return on Investment of 145%. This would mean that the business...
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...operating margin include McDonalds ordinary business operations and excludes other revenue, losses and liabilities. Now by observing net profit margin it is noticeable that McDonalds is getting stronger in enforcing their pricing policies, cost structure and production efficiencies. Also, net profit margin for McDonalds illustrates lower long-term loan liabilities compare to year 2008. These ratios can be observed in exhibit 2. By looking deeper in the vertical common-size balance sheet (Exhibit 1) it is observable that total asset of McDonalds is increasing from 2008 to present. Therefore, the total equity or liability of the company need to change to match the increasing total asset. McDonald’s total equity have decreased and total liability have increase in the last two years. This shows that return on equity increases because there are less outstanding equity. Even though increase in liability can raise the risk of a company, McDonalds is a trustworthy company and play as a first mover in the food industry, which it can make them a reliable company for investment. Now by considering an increase in quick ratio of MacDonald’s short-term liquidity in recent years that shows how quickly McDonald is able to...
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...Chattanooga Ice Cream Inc. (CIC) is the smallest of the three divisions of the Chattanooga Food Corporation. The Ice Cream Division has experienced declining sales and profitability for four consecutive years and in 1996 lost their third largest customer. The CIC leadership team led by Charles Moore needs to offset the losses and turn the division around to profitability however the dysfunctional management team could not agree on a plan. This paper will examine the dysfunctions of the management team and how Charles Moore’s Leadership contributed to the dysfunctions. The paper will recommend solutions that Charles and the management team could perform to resolve their conflicts build trust and define short term as well as long term goals that will build a strong team and return the company to profitability. Chattanooga Ice Cream Inc. (CIC) is a producer of mid-priced basic ice cream products (5 main flavors) and a completely owned subsidiary of Chattanooga Food Corporation. The CIC division president and general manager is Charlie Moore and has held this position since his promotion in 1993, see Figure 1 for the organizational chart. CIC is one of the largest regional manufacturers of ice cream with most of their sales to supermarkets and food chains. The Chattanooga Food Corporation (CFC) is a family-controlled enterprise that was founded in 1936 by Charlie Moore’s grandfather. CFC consists of three divisions of which the Ice Cream Division is the smallest of the three...
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... INTRODUCTION In this finale paper of the ending of this course, I have chosen to use Whole Foods Market, Inc. as the company to evaluate and analyze. Whole Foods Market mainly has a history or trend of strong cash flow and stock position. This is a constantly prospering company. Since 2010, there has been a slew of new stores that have opened just in the Midwest and Canada. They are expanding all over the United States and have even made some deals to take over ownership of majority of the Dominick’s grocery stores that are closing in the Chicago-land area. Whole Foods Market is in the Organic and Natural Food Industry. Their main products are Organic and Natural grocery and retail items. Their main competitor is Trader Joe’s. My personal analysis of this company for an investor would be to absolutely invest into Whole Foods Market. It would be a high recommendation from my standpoint. Of course there are risks to any kind of stock or shareholding but I see way more strengths in this company, regardless of the annual statements at use here below. Whole Foods Market is prospering, growing, and just getting better each and every year. It would be an investor’s mistake to pass up the investment in such a prosperous and quickly expanding company. I have provided three different statements in this paper; the Income Statement, the Balance Sheet, and the Cash Flow Statement. I included the Cash Flow Statement...
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...Running Head: TARGET MARKET PAPER Target Market Paper By: Aubrey Snyder May 29, 2011 Integrated Marketing Strategy MKT 498 Instructor: Tracee Wilson PepsiCo, Incorporated’s success is the direct result of increasingly successful product lines, global offerings, and the 1965 merger between Pepsi-Cola and Frito-Lay. "PepsiCo, Inc. is one of the world's largest food and beverage companies. The company's principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices, Quaker Foods" (PepsiCo, Inc., 2007). As a result, "PepsiCo's success is the result of superior products, high standards of performance, distinctive competitive strategies and the high level of integrity of our people" (PepsiCo, Inc., 2007). Indra Nooyi is the current chief executive officer and President of Pepsico, Inc (PepsiCo, 2007). The first Indian born female was voted to head a western corporation on August 14, 2006. Nooyi succeeded Steve Reinemund as CEO; in the fall of 2006 Reinemund was due to retire (Mark Memmott, 2006). Nooyi received her bachelor's degree from Madras Christian College in 1974. Right away she was accepted into the MBA program at the Indian Institute of Management located in Calcutta. PepsiCo's Chief Financial Officer is Alfred H. Drewes received his position in June of 2001. Drewes started with Pepsi in 1982 as a financial analyst. Mr. Drewes earned a bachelor of science degree in electrical engineering...
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...Insights into the Food, Beverage, and Consumer Products Industry GMA Overview of Industry Economic Impact, Financial Performance, and Trends The Grocery Manufacturers Association (GMA) represents the world’s leading branded food, beverage, and consumer products companies. Since 1908, GMA has been an advocate for its members on public policy issues and has championed initiatives to increase industrywide productivity and growth. GMA member companies employ more than 2.5 million workers in all 50 states and account for more than $680 billion in global annual sales. The association is led by a board of member company chief executives. For more information, visit the GMA website at www.gmabrands.com The Food Products Association (FPA) is the largest trade association serving the food and beverage industry in the United States and worldwide. FPA’s laboratory centers, scientists, and professional staff provide technical and regulatory assistance to member companies and represent the food industry on scientific and public policy issues involving food safety, food security, nutrition, consumer affairs, and international trade. For more information, visit FPA’s website at www.fpa-food.org The member firms of the PricewaterhouseCoopers network (www.pwc.com) provide industry-focused assurance, tax, and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 130,000 people in 148 countries across our network work collaboratively...
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...Over the course of the semester, we were instructed to watch two films. “Food Inc.”, a harsh look inside America’s corporate controlled food Industry, while “The Vernon John’s Story: The Road to Freedom” is a film that portrays the inspirational story of Martin Luther King Jrs’ successor as he interminably campaigns for Civil Rights. While seemingly different themes, each film portrays two issues important in sociology. After all, sociology can be defined as the scientific study of human social behavior and its origins, development, and organizations. Sociologists use many ways to analyze subjects from a sociological perspective. These ways are known today as the symbolic interactionist perspective, the functionalist perspective, and the conflict perspective. Each perspective uniquely conceptualizes society, social forces, and human behavior. The purpose of this essay is not so much as to narrate each film but rather to illustrate a better understanding for three commonly misunderstood perspectives. Although a daily occurrence, the consumption of food can also be associated with important moments in our lives. In the context of society, our nation’s food system is at the core of numerous social movements, political issues, and economic debates. After watching “Food Inc.”, we see that any of these factors in particular may become a topic of a sociological study. A functionalist approach to the topic of food consumption might be interested in the role of the agriculture industry...
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