The Hershey Company, the largest [North American] producer of quality chocolate and sugar confectionary products, as of December 2007, had approximately 11,000 full-time employees and almost 1,800 part-time employees worldwide. Today, their company boasts of approximately 13,000 employees worldwide and $5 billion in total revenue. CNNmoney.com ranks The Hershey Company as a Fortune 500 company listed at 453. Hershey's major brands include: Hershey's Milk Chocolate, Ice Breakers, Reese's, Twizzlers, Kisses, Kit Kat, Jolly Rancher, and Hershey's Snack Barz.
Last year proved to be an improvement for The Hershey Company (HSY) financially. Net sales increased 4.3 percent, and they experienced a net income gain of 6.6 percent. As of December 31, 2008, the company's total revenue was $5,132,768,000 with a gross profit of $1.7 billion. This was a 13.3 percent increase over 2005.
On June 5, 2009, HSY posted 1.418 earnings per share, and as of 4:13 p.m. on the NYSE After Hours, shares were up 0.28 percent. With revenue recorded at a little over $4.9 billion, one could say the company had a sweet year during a recession
[...] Milton Hershey's original mission was to take care of the people who were employed by his company. Hershey's did not intend to exploit its resident workers, but rather to provide for their welfare. The original mission statement would be expensive, but it would bring back a positive image to the company and might increase share value. They would be able to solve some of their issues such as child slave labor in West African plantations on the Ivory Coast for their cocoa production. (CI # VII. IMPLEMENTATION A. [...]
[...] (CI The problem seems to lie in the monitoring of the system. Companies might not be aware of or certifying that the farms where they receive their cocoa from are in fact ‘slave free'. In order to address this issue, Hershey's should stop utilizing the farms that are suspected of slave labor until proper procedures can be made to check and certify that legal production is occurring Pros 2. Cons Alternative Corporate-Parenting strategy (Acquisition) Accept offer from Wm. Wrigley Jr. Co. By implementing this strategy and agreeing to the Wrigley Jr. [...]
[...] Global strategy and policy: Hershey's case study CRITICAL CASE ISSUES: I. CURRENT SITUATION The Hershey Company, the “largest [North American] producer of quality chocolate and sugar confectionary products,” as of December 2007, had approximately 11,000 full-time employees and almost 1,800 part-time employees worldwide. Today, their company boasts of approximately 13,000 employees worldwide and billion in total revenue. CNNmoney.com ranks The Hershey Company as a Fortune 500 company listed at 453. Hershey's major brands include: Hershey's Milk Chocolate, Ice Breakers, Reese's, Twizzlers, Kisses, Kit Kat, Jolly Rancher, and Hershey's Snack Barz. [...]
[...] “Hershey Co. (HSY) Income Statement.” Yahoo! Finance June 2009. Yan, Zhou. “Hershey's looks to take a bite out of rivals,” China Daily May Jun. [...]
[...] Company bid, Hershey foods would be able to address a few of the case issues. First it would address the other human resource problem in which the community had increasingly become angry and disapproving of the companies actions due to the “value-enhancing strategy”. Since Wrigley's bid included a clause stating that local employment would be expanded, it could eventually lead to the elimination of the “value-enhancing strategy” due to expansion in the community. Also, the problem of low-profit margins could be fixed. [...]
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