Background of Hershey Company The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey‚ Pa.‚ The Hershey Company has operations throughout the world and approximately 14‚000 employees. With revenues of more than $6.6 billion‚ Hershey offers confectionery products under more than 80 brand names‚ including such iconic brands as Hershey ’s‚ Reese ’s‚ Hershey ’s Kisses‚ Hershey ’s Bliss
Premium Chocolate The Hershey Company
Shlensky vs. Wrigley The case is about a stockholder named Shlensky who is suing the board of directors of Wrigley Field on the grounds of failure to install lights at the stadium. This is a claim of mismanagement and negligence by the directors. At the time of the case‚ The Chicago Cubs were the only major league team without lights on their stadium. Mr. Wrigley‚ the principal owner of the team‚ refused to add lights onto the stadium because he felt that‚ "baseball is a daytime sport and it would
Premium Chicago Cubs Wrigley Field Chicago
I. Background The Hershey Company was incorporated under the laws of the State of Delaware on October 24‚ 1927 as a successor to a business founded in 1894 by Milton S. Hershey. The company originated when candy manufacturer Milton Hershey decided to produce sweet chocolate coating for his caramels. The immediate success of Hershey’s low-cost‚ high-quality milk chocolate soon caused the company’s owner to consider increasing his production facilities. The following decades would see the company
Premium Chocolate The Hershey Company Milton S. Hershey
Hershey’s company mission The Hershey’s company mission is “Bringing sweet moments of Hershey happiness to the world every day.” Hershey’s mission statement is short and sweet. They are able to address the majority of the nine components of the mission Statement with one sentence. Their customers are the world‚ their product is Hershey‚ their market is the world‚ their philosophy is to bring happiness‚ and their self-concept is that they perceive themselves as a company that can bring happy moments
Premium Chocolate The Hershey Company Milton S. Hershey
aligned and empowered organization‚ while having fun” (Hershey Company). The Hershey Company’s current performance management system is designed to build a workplace environment that embraces diversity while seeking new approaches and continual improvement. The company redesign system takes into consideration the age distribution of the workforce by providing training to the different generations. In this paper we will look at the Hershey Company‚ and ways that it has utilized to help manage these
Premium Hershey Entertainment and Resorts Company Hershey Trust Company The Hershey Company
candy-manufacturer Milton Hershey’s decision in 1894 to produce sweet chocolate as a coating for his caramels. Located in Lancaster‚ Pennsylvania‚ the new enterprise was named the Hershey Chocolate Company. In 1900‚ the company began producing milk chocolate in bars‚ wafers and other shapes. With mass production‚ Hershey was able to lower the per-unit cost and make milk chocolate‚ once a luxury item for the wealthy‚ affordable to all. A company on the move. The immediate success of Hershey’s low-cost
Premium Chocolate The Hershey Company
Milton Hershey was a man with an admirable amount of determination and a genuine spirit for those he employed. *Hershey has become a household name from the beginning. He has even built an entire town around his business. At the age of 14‚ only a year after dropping out of school‚ Milton expressed an interest in candy making and began an apprenticing with a master confectioner in Lancaster‚ PA. Four years later‚ Hershey borrowed $150 from his aunt to set up his own candy shop in Philadelphia. For
Premium The Hershey Company Milton S. Hershey Chocolate
Corporate soCial responsibility sCoreCard 2010 The Hershey Company 2010 Corporate Social Responsibility Scorecard outlines our progress in advancing the priorities we established in our 2009 Corporate Social Responsibility Report. We understand that operating a sustainable‚ competitive business requires a commitment to improving our economic‚ environmental‚ and social performance. This scorecard shows how we performed against the goals published in our 2009 CSR Report as well as against newer
Premium Chocolate The Hershey Company Social responsibility
MARKETING & THE Economy Hershey During uncertain economic times‚ there are still some things that today’s consumers just aren’t willing to give up—such as chocolate. But as with eating out and clothing purchases‚ they are trading down. That is just fine with Hershey‚ America’s best-known chocolate maker. For years‚ riding the good times‚ premium chocolates grew faster than lower-priced confectionery products. Slow to jump on the premium bandwagon‚ Hershey lost market share to Mars Inc.’s
Premium Chocolate The Hershey Company Economics terminology
INTERNAL ENVIRONMENT This section of the strategic environment is a realistic analysis of Hershey’s internal resources. The following internal traits portray a resource-based view of Hershey’s core strengths: COMPETITIVE ADVANTAGE: The market share is increasing globally. Customer loyalty is very low. Websites are increasing in quality and ease for all users. HERSHEY’S offers many unique products and services to many different kinds of customers. By offering so many distinct products and services
Premium Chocolate Supply chain The Hershey Company