Preview

Was Milton Hershey A Success Or A Failure

Powerful Essays
Open Document
Open Document
1358 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Was Milton Hershey A Success Or A Failure
MGMT 6237

Milton Hershey

Milton Hershey was born September 13, 1857 to Fannie Snavely and Henry Hershey in the city of Derry Township, Pennsylvania. He had one sibling name Serina who was born in 1862. Fannie was the daughter of Bishop Abraham Snavely, who was of the Mennonite Church. His father too was a member of the Mennonite Church, but unfortunately, he always schemed “get rich schemes” that always seemed to fail. This would adversely affect the family, as there was not a stable environment for Milton and his sister. Milton attended several different schools due to this and never continued his studies after the 4th grade. He eventually moved to Nine Points, an area near the Lancaster, Pennsylvania
…show more content…
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 …show more content…
Though they could not have children of their own, the couple came to the realization that their fortune was growing at a fast pace. It was Catherine’s idea to open a home that provided encouragement and resources to unfortunate boys. November 15, 1909 was the date when the Milton Hershey School came into existence. Being a visionary and philanthropist, Hershey wanted to provide orphan boys with the schooling and resources that he failed to receive as a child. He also developed a trust for the school and gifted Hershey Company Stock of sixty million. It was clear that Milton and his wife loved children and their community and wanted it to thrive. They later developed a trust for the benefit of Derry Township School District and an additional one for the M.S. Hershey Foundation. Catherine passed away in 1915; only 17 years after the marriage had begun. Milton remained a widower until his death in 1945.(n.d.). Retrieved from http://www.hersheytrust.com/hershey_heritage_trusts/ Today the Hershey Company operates with more than 13,000 employees. The company’s product lines go beyond the basic chocolate; Hershey also has lines in sugar confectionary, gum and mints, snacks, pantry items, and kosher products. Some of their most popular items include Hershey Chocolate and Kisses, Reese’s, Ice Breakers, Kit Kats, Jolly Ranchers, York, Twizzlers, Whoppers, Symphony Bars, Mr. Goodbar, Almond Joy, Mounds, and Pay Day Bars. Meng, C.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tootsie Roll Analysis

    • 435 Words
    • 2 Pages

    The Hershey Company and Tootsie Roll Industries are two main confectionery companies. Every year both Hershey and Tootsie compile their annual reports. These reports include a plethora of information in regards to assets, liabilities and stockholders’ equity, earnings, comprehensive earnings, retained earnings, cash flows, and so forth.…

    • 435 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    To begin with,Walter Dean Myers was born in martinsburgs August 12,1937.However,he was adopted in after his mother had Birth to his sisture his fauseter parents name was Florence.second of all Walter Dean had two sisturse their names were Nancy and hazel.Walter Dean Myers also loved playing basketball. One his 17th Birthday he droped out of High school and in tured the army.He then become a writer.Walter's adopted mother speak's german and english walter Dean then moved to New york with his a dopted parent's.He also got alot of attinsion at school whitch he liked.Walter Dean lerned to read from adopted mother.His favorit place to read was the public library.Walter Dean Myers layder died in manhation July 1,2014. However,in memory of walter…

    • 132 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Tootsie Roll vs Hershey

    • 416 Words
    • 2 Pages

    Tootsie Roll, Inc. and Hershey Inc are both companies well known for the selling of confectionary goods. Hershey is publicly traded under NYSE: HSY, Tootsie Roll under NYSE: TR. Both are listed under SIC 2064, Candy and other Confectionary products.…

    • 416 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Tootsie Roll Case Study

    • 2927 Words
    • 12 Pages

    The Hershey Company is currently launching new products, acquiring new companies such as Brookside, expanding their summer season, global expansion, and doubling their plant capacity. The strategy of the Hershey Company expanding involves new products such as Twizzler Bites and Jolly Rancher Bites might have an effect on the Tootsie Roll Industries and it is a new product that competes with their chewy based products such as Sugar Babies, Sugar Daddy, and their Frooties line17. The Mars Company had decided to go the root of using 100% natural materials, more sustainable approaches, and to try to strengthen the cocoa supple chain. Through strengthening this chain they hope to raise the standards through the entire industry18. The Mars strategies to attempt raise the standard of the cocoa supply chain could mean more regulations for the Tootsie Rolls Industry but at the same time better product…

    • 2927 Words
    • 12 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

    On May 10, 1838, John Wilkes Booth was born near Bel Air, Maryland. Booth was the second youngest of ten children. His father, Junius Brutus Booth, was a well-known actor and was eccentric, with a reputation for heavy drinking. John and his siblings were raised on a farm, which was worked by the family 's slaves.…

    • 560 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 Hershey didn’t exactly start out as a great success. There might have been something in Pennsylvania that gave him what was needed to make it big. He used his intelligence to become one of America’s wealthiest individuals, a successful entrepreneur and a generous philanthropist who touched many lives. Milton Hershey was born on September 13, 1857. He had one sibling, a sister named Serena who died from Scarlet fever when Milton was only eleven years old.…

    • 2408 Words
    • 10 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
  • Satisfactory Essays

    How it first started is that he was into making carmel and he loved it but but wanted a change so he went and bought an BIG land and went to chocolate.In the late 1970s Mr. Hershey was the new hit. He wanted to be greater and successful and wanted to make something different like the M&MS but he made it with peanut butter and chocolate and it was called Reeses Pieces. It was the “new thing”, for a while. The people from the E.T movie wanted to pick a candy bar from Mars but he did cooperate so they pick Mr.Hershey but…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Today, Milton's chocolate business flourishes just as much, if not more. Making it the number four out of the top ten best chocolate bars on many sources. With Hershey kisses, all the way to their newest addition, "The Hershey's cookie layer crunch." Everyone enjoys a great tasting, easy, and affordable chocolate bar that you can appreciate almost anywhere! From a warm campfire on a summer night, to a nice hot chocolate on a cold winter day. Just what Hershey had hoped…

    • 769 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Milton Hershey

    • 1104 Words
    • 5 Pages

    Milton Hershey was born September 13, 1857, in Lancaster, Pennsylvania. As a child, his family moved a lot as his father started several businesses across the United States. In eight years, he attended seven different schools. In 1871, Hershey was apprenticed to a local printer who published a German-English newspaper. The printing business was not a good match for Hershey's given his likes, skills, and passions.…

    • 1104 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Who Is Milton Hershey?

    • 458 Words
    • 2 Pages

    in Shuman). Eventually they ceased to live with each other. As a child Hershey bounced from school to school because, they moved so much. As imagined it was hard for him to keep up and learn much. He then dropped out of school at the age of thirteen "Milton Snavely Hershey."). This was a major challenge for him. At age thirteen, it was hard to find work; he mostly helped his parents on the farm. His father then forced him to work in the printing business. Hershey was not very fond of this job. He then applied for a job as a candy apprentice. He “drove sixteen miles to town” just to apply for the job (qtd in Snavely 3). This is where he first got his experience with candy. Although Hershey’s childhood was an adversity he faced it didn’t stop there he struggled early on with his…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Milton Hershey Biography

    • 786 Words
    • 4 Pages

    Milton Hershey had a short, sad childhood. He was born on September 13, 1857, in Hockersville, Pennsylvania. His parents were Fanny and Henry Hershey. He had only one sibling, Sarena Hershey, who died at the age of four from scarlet fever. After Sarena’s death, Fanny Hershey…

    • 786 Words
    • 4 Pages
    Good Essays