Preview

Hershey Case Analysis

Satisfactory Essays
Open Document
Open Document
2053 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hershey Case Analysis
S.No. | History | Ref. | Ethics/Sustainability | Ref. | Marketing & Sales | Ref. | 1. | Beside being “chocolate world” in Hershey, Pennsylvania as a theme park designed for true chocolate lovers, the facility was designed to include housing, parks and schools for employees of Hershey foods. | Pg. 192 | Hershey’s commitment to social responsibility extends beyond their school to both their products and supplier relationships. | Pg. 192 | Hershey concentrates advertising revenues on iconic brands. | Pg. 193 | 2. | On August 31st, 2009, the theme park eclipsed having its 75th million visitors. | Pg. 192 | Actively involved in international Cocoa Initiative Foundation, designed to eliminate child labor or forced labor in Cocoa-producing regions. | P8. 192 | Seasonal sales such as Halloween and Valentine’s day accounts for 10% of the annual sales in the industry. | Pg. 193 | 3. | In 1909, Milton Hershey and his wife had established the Hershey trust company to administer the school. | Pg. 192 | Working for non-chemical pest management practices. | Pg. 192 | Hershey plans to increase its advertising from $30 million to $35 million in 2009 to promote its iconic brands. | Pg. 193 | 4. | More than 77% of the students who attended the school are from Pennsylvania | Pg. 192 | With revenues in excess of $5 billion Hershey continues to produce chocolates and confectionary products in Hershey and has recently expanded its global presence via joint venture in China and India. | Pg. 193 | The company relies on special promotions to increase holiday sales and it also uses advertising programs to supplement seasonal sales. | Pg. 193 |

S.No. | History | Ref. | Ethics/Sustainability | Ref. | Marketing & Sales | Ref. | 5. | | | | | One of the first companies to engage in experiential marketing with the launch of the Hershey’s chocolate world in 1973. | Pg. 193 | 6. | | | | | Hershey products are sold to more than 2 million retail outlets. | Pg. 193 |

You May Also Find These Documents Helpful

  • Powerful Essays

    The original factory was spread on six acres of land and provided a pleasant and beautiful environment for Hershey’s employees. Besides failing to give up his dream after his former failed ventures, his care of his employees was another characteristic that made him a great leader. Milton wished for his employees to have a healthy and positive atmosphere. He was able to open up a recreational park near the factory for the workers, as well as the general public. The Cocoa House close to the factory was established to become a temporary site of a post office, bank, store, and boarding house for employees. Shortly after the Hershey Improvement Company was created to assist workers who desired to buy and own houses. Due to all of Milton’s influence in the area, the town name of Hershey, Pennsylvania was established in 1906. (n.d.). Retrieved from…

    • 1358 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The Hershey Company. (2007, February 23). 2006 Annual Report to Stockholders/Form 10-K. Retrieved September 12, 2007, from http://library.corporate-ir.net/library/11/115/115590/items/236286/2006AR.pdf…

    • 3259 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Hershey Swot Analysis

    • 510 Words
    • 3 Pages

    Hershey is giving opportunity to the cocoa farmers to increase their income. This is a strength because Hershey believe in CSR and they help the cacao farmer by improving their community and living standard. By believing in fair treatment to farmers, it strengthen Hershey’s image.…

    • 510 Words
    • 3 Pages
    Good Essays
  • Good Essays

    was persistent, hard-working and altruistic. Hershey exhibited his persistence in the business world because even though his first two businesses failed, he persevered and formed a lucrative caramel business. Along with being persistent, Hershey was a hard-working businessman. He believed that success was the quality of the product, not its monetary value. Hershey strived to make his products the nonpareils of the chocolate business. Hershey once said, "'I started with ambition and intention of making the best chocolate that money or skill could make, regardless of the cost of manufacture (Snavely 147).'" Hershey believed that the caliber of his products was the highest priority of his business. He wanted to make the best chocolate and worked hard to ascertain it happened. Lastly, Hershey was altruistic because he lived to serve others. Hershey said, "'One is only happy in proportion as he makes others feel happy...(Price 258).'" This quote exhibits how Hershey wanted the best for…

    • 660 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Milton S. Hershey failed three times before finding success in the candy business. He had refused to give up on his expedition to prosper in this particular market. Starting his failed businesses with a wide variety of candy, he then had success after making caramel a priority. That was until he discovered chocolate. The result was what you recognize as the Hershey Chocolate bar. The empire he built was based on one goal: to bring chocolate to everyone at an affordable price.…

    • 2139 Words
    • 9 Pages
    Good Essays
  • Good Essays

    By 1867, Hershey’s father “had largely cut himself out of the family picture” (Milton). Following an incomplete rural school education, he was apprenticed at the age of fifteen but was fired shortly after. Four years later, Hershey borrowed one hundred and fifty dollars from a gracious aunt to set up his own shop in the heart of Philadelphia. For five long years Hershey put everything he had into the business. But success eluded him, he finally closed shop and headed west to reunite with his father. With his father, Hershey found work with a confectioner. But the entrepreneur in Hershey was not content to work for someone else, and he then struck out on his own again. First in Chicago and later in New York City, but in both cases he failed again (Milton). Then in 1883, he returned to Lancaster and still convinced that he could construct a successful candy company, started the Lancaster Carmel Company. Within a few short years Hershey had a successful and thriving business. But when Hershey got an up-close look at the art of chocolate making he was immediately hooked. “The fascination quickly became focused on milk chocolate, considered a delicacy” (Milton), but was largely dominated by the Swiss. In 1900, Hershey sold the Lancaster Caramel Company for a staggering one million dollars and started a new company. Quickly, the Hershey Chocolate Company surpassed the founder’s previous venture.…

    • 1256 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Now, with his new machinery, Milton could now coat his caramel with chocolate. MIlton's caramel demand was growing, but wanted to make a whole new company. He remade his entire business and sold the caramel company for one million dollars. He moved back to his hometown, Derry Township in Pennsylvania and opened his newest business, named after him. He soon made his hometown successful with houses, schools, and churches; making the new Hershey Derry…

    • 769 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hershey Chocolate

    • 644 Words
    • 3 Pages

    Hershey’s Chocolate first sold “caramels with chocolate coatings, along with breakfast cocoa, sweet chocolate, baking chocolate, and novelty chocolate candies” (Hinkle). In 1900 Hershey’s start manufacturing the first original Hershey’s Milk Chocolate bars, started construction on a factory in his home town of Derry Church, Pennsylvania, and because of the dairy farms producing milk rapidly, Hershey did the same (Hinkle). Selling his chocolate for 5 cents a bar, Hershey became wealthy very quick (Lancto). Hershey’s also released there Chocolate kisses, Almond chocolate, and Mr. Good bars (Hinkle). Milton Hershey believed that the money he had made with his chocolate should be used to help others instead of keeping it to himself (Lancto). Hershey started making the town of Derry Church, where his factory was located, more exciting and enjoyable (Lancto). He gave low cost housing for his workers, built…

    • 644 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Milton Hershey

    • 370 Words
    • 2 Pages

    Most people think Milton Hershey was just the maker of Hershey chocolate, but he has done much more.…

    • 370 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Milton Hershey

    • 1104 Words
    • 5 Pages

    Hershey's mother helped him find another apprenticeship. It was with a local confectioner or candy maker, named Joseph Royer. Hershey was 14 years old at the time. Soon, it became obvious that he had a natural talent for candy making and he liked what he was learning. Over the next four years, Milton learned the art and science of creating tasty treats.…

    • 1104 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    History of Reese

    • 488 Words
    • 2 Pages

    In 1973 Hershey introduced a new promotion featuring various product characters to greet the visitors at Hersheypark and Chocolate World. The Reese's Peanut Butter Cup character promoted the brand while still upholding the family fun concept of the park.…

    • 488 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    What is the most popular chocolate company in the United States? Of course it’s Hershey’s! Milton Hershey was born on the Homestead, a house his grandparents built, in Pennsylvania. Even though Hershey was a wealthy man, it was not always easy for him. As a young boy, he attended seven schools in his eight years of schooling.…

    • 1169 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Mars, one of Hershey’s main competitors, also operates on a global level. Mars has a…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Milton Snavely Hershey created a worldwide phenomenon, which started in the heart of Philadelphia. It all started when Milton Hershey was born on September 13, 1857 in Derry Township, Pennsylvania. Hershey was parented by Veronica “Fanny” Snavely, and Henry Hershey. They had other children together, but Milton Hershey was the only surviving child. Being the only child, Hershey was pushed by his parents, who separated in 1867. So he dropped out of school at age 13, to apprentice an expert at age 15. However, he failed many times when he was doing his job. Later on, he borrowed $150 from his aunt to set up his own candy shop in the heart of Philadelphia. However after five years of running his own business, he closed down his shop. He then moved…

    • 614 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Milton Hershey Biography

    • 786 Words
    • 4 Pages

    However, he started making caramel and established Lancaster Caramel Company. He created an overwhelmingly successful chocolate company, Hershey Chocolate Company, thanks to the World’s Columbian Exposition in Chicago in 1893. The World’s Columbian Exposition was a festival to celebrate the four hundred years since Christopher Columbus’s discovery of the New World. At the inspiration of the food exhibit, which was manufacturing chocolates, Hershey bought a lot of machinery and began creating chocolate. He created the chocolate company originally as a coating for the caramels in Lancaster. He was able to develop his own recipe similar to the Swiss-exclusive recipe to produce milk chocolate. An assembly line allowed Hershey bars to be made in mass quantities and become available to everyone, not just wealthy people. He wasn’t too busy, however, to marry Catherine “Kitty” Sweeny in 1898. Milton Hershey had a slow start to his career, but soon enough, he became a wonderful…

    • 786 Words
    • 4 Pages
    Good Essays