Financial Analysis of Hershey and Tootsie Roll Keller University ACCT-504 Instructor: Financial Analysis of Hershey and Tootsie Roll Introduction Tootsie Roll and Hershey are two similar companies with a similar product offering‚ but they operate on entirely different scales. In an effort to determine the better investment of the two companies we will utilize multiple financial analysis ratios to gauge the health of the respective companies in terms of liquidity (the ability
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system to appeal to the diverse groups it employs. To redesign Hershey’s performance management system‚ a special appeal needs to be made where the system is picked apart looking for areas that will offer immediate improvement and opportunities. Hershey should emphasize the importance of working together‚ encouraging employees to share new ideas amongst the tenured and newer employees. One way this can be done is through employee empowerment which “means giving employees responsibility and authority
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Redesign of Hershey’s Performance Management System Hershey Company employs diverse groups of employees to include baby boomers and millennial workers. Hershey has redesigned their performance management system to appeal to both generations focusing on knowledge workers‚ employee empowerment and teamwork. Hershey Company benefits from both its baby boomers and millennial workers because they represent its knowledge workers. According to Noe‚ Hollenbeck‚ Gerhart‚ & Wright (2011)‚ “ Knowledge
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recognizable brands in the U.S. Hershey built this recognition by building brand loyalty. They began to build this loyalty in the early 1990’s by targeting their marketing to adults. The reasons for this are many‚ but two are that adults eat about 55% of all candy consumed and that mothers shape their children’s early taste in candy. Hershey revised their marketing strategy in several ways. Hershey also has an amusement park in the hometown of the Company‚ Hershey‚ Pennsylvania. Hershey’s‚ Marketing
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Products/promotion from 2008 to 2012 Products and Services In 2008 • In June Hershey introduce a special edition of the Dark Knight Reese and Kit Kat Fly into stores to celebrate the new Batman movie • In July Hershey merge Dark chocolate to vascular health benefits • In September Hershey changes to pink in honor of the breast cancer awareness month • In October offer some special for the holiday (Holiday Happiness) • In November Hershey’s Kisses brought the sweetness for the holiday season
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Financial Statement Analysis The Hershey Company The Hershey Company was founded in 1893 by Milton Hershey‚ a determined pioneer from rural Pennsylvania that developed a method for the commercial production of chocolate. Today‚ the Hershey Company is the largest manufacturer and distributor of chocolate and non-chocolate confectionary snack goods in North America with products as common as Reese’s‚ Kit Kat’s‚ Twizlers‚ and Jolly Ranchers and many more popular snack goods available nationwide
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References: Hershey Co/The (HSY: New York): Earnings Estimates (2014). Retrieved on January 7‚ 2014‚ from http://investigating.businessweek.com/research/stocks/earnings.asp%Fticker%3DHSY HERSHEY’S (2013). Retrieved on December 27‚ 2013‚ from www.thehersheycompany
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FINANCIAL INFORMATION AND RATIOS COMPARASION. 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. To compare Hershey and Tootsie Roll on financial level‚ let’s look at both companies Liquidity‚ Solvency and Profitability
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controlling. Key components include: external‚ internal‚ globalization‚ technology‚ innovation‚ diversity‚ and ethics. A prime external factor would include the current state of the of the United States economy. Consumers may not be purchasing as many Hershey products this year as they did last year‚ due to staple items such as milk‚ bread‚ and eggs being more expensive. During the planning process Hershey’s managers are going to have to implement forecasting more than ever. The organizing process involves
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ADVERTISING CREATIVITY PAPER WORK SOCIAL ISSUE: EDUCATION IN SOCIO CULTURAL AND ECONOMIC CONTEXT: India is home to more than 12.6 million children who are forced to work in order to survive. These children are working as domestic help‚ on streets‚ in factories and farmlands silently suffering abuse. Save the Children works to end exploitative Child labour. Some types of work make useful‚ positive contributions to a child’s development. Work can help children learn about responsibility
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