Case 44

Case 44
Case #44 Hershey's Synopsis and Objectives The proposed sale of Hershey Foods Corporation
(HFC) during the summer of 2002 captured headlines and imaginations. After all, Hershey was an
American icon, and when the company's largest shareholder, the Hershey Trust Company (HSY),
asked HFC management to explore a sale, the story drew national and international attention. The
company's unusual governance structure put the Hershey Trust's board in the difficult position of
making both an economic and a governance decision. On the one hand, the board faced a
challenging economic decision that centered on determining whether the solicited bids provided a
fair premium for HFC shareholders. On the other hand, the governance decision ... Show more
content on Helpwriting.net ...
The epilogue videos reveal that the trust voted 10 to 7 to reject both bids and thus remove Hershey
from the market. Bill Alexander reveals that the primary reasons for rejecting the NCS bid were lack
of a guarantee for jobs and an inadequate premium. The Wrigley bid was considered to have an
adequate premium but was, nevertheless, rejected because the Hershey Trust would be able to
otherwise satisfy its diversification goal adequately. Rather than holding HFC shares, the trust
would end up holding Wrigley shares, which could not be sold for three to five years. Moreover, the
board was concerned about Wrigley's assumption that it could retain the licensing agreement for the
Kit Kat and Rolo brands, even though it would appear not legally possible to do so. After the dust
settled, the seven board members who did not vote to remove HFC from sale were removed from
the board. As shown in Exhibit TN9, the trust board was substantially reduced in number, resulting
in more local representation. On the one hand, one could argue that the reorganization of the board
favored people with a better understanding of the legacy of Milton Hershey. On the other hand, one
could argue that the reorganization more effectively entrenched HFC and its management, making
the board more "takeover proof." The
... Get more on HelpWriting.net ...

Milton Hershey Research Paper
Milton Hershey and HERSHEY My Project is about the history and impact of the Hershey industry.
Who invented it, Why it was made and how it affects people.The time period in which this brand of
Chocolate was developing into what it is today. In 1894, when the chocolate was first created it was
being made as a coating for caramel. In 1900 the company began producing milk chocolate in bars,
wafers and other shapes. Milton Hershey made a luxury item into something that everyone can
afford. An early advertising slogan described this product as " a palatable confection and a most
nourishing food" Milton Hershey originally made this product as a coating for caramel, over time he
branched into making the chocolate its own product. Growing up, his family was poor and had to
move a lot. Over the years Milton went to seven different schools before leaving to pursue his life.
In 1871 Milton left school and was apprenticed to a local german english newspaper. He didn't like
that line of work so that quickly ended. After that his mother got him apprenticed to a lancaster
confectioner named Joseph Royer. At only 14, Milton had a natural talent for making these sweets
and quickly learned the art and science of creating them. ... Show more content on Helpwriting.net
...
From children to Troopers. The first solid milk chocolate to be released was the Hershey kiss, still
known today. These were the first chocolates that could be preserved and was solid milk chocolate.
For troops that engaged in global war, they needed a radiation bar that weighed 4 ounces, would not
melt at high temperatures was high in energy value and did not taste so good that troopers wouldn't
be tempted to eat them except on emergency. Named Radiation D, it was so successful that by the
end of 1945, approximately 24 million bars were being produced every week. A more improved
version made in 1943 was The Hershey Tropical Bar, this bar was heat resistant. In 1971 this bar
even went to the moon with apollo

The Hershey Company : A Strong Contender For Long Term...
The Hershey Company (HSY) keeps continue to be a strong contender for long–term success in the
chocolate business. Hershey's products have strong demand in and outside the U.S. In addition,
Hershey 's financial report reveals several successful aspects, such as its high ROE (54.2%) and
ROA (16.53%). According to different sources, due to its strong foundation in the U.S., its good key
ratios, and a strong focus on global growth, the company 's stock qualifies as a good long–term
purchase. Unlike debt capital, which is usually repaid by the firm, equity capital remains invested
accordingly, without a maturity date. Their most important sources of equity capital are 1) common
stock equity (220,869,509 shares) 2) preferred stock which the ... Show more content on
Helpwriting.net ...
Hershey's current positions in its current assets relative to its current liabilities are: 2012 ($2113.5
mill), 2013 ($2487.3 mill) and 9/28/14 ($2532.6 mil), relative to its current liabilities 2012 ($1471.1
mill), 2013 ($1408.0 mill) and 9/28/14 ($2192.2 mill). Hershey's managers will not get a precise
methodology for the determining the firm's optimal capital structure, but it is important how the
capital structure affects the firm's value. Tax shield is the major benefit for Hershey's financing debt
(L–T Debt $1559.8 million), because it allows the firm to deduct interest payments (L–T Interest
$80.0 mill) on debt when calculating taxable income, ultimately making more earnings available for
bondholders and stockholders. On the other side, debt–financing increases the probability of
bankruptcy caused by debt obligations, leads to higher constraints to their agency costs and lastly
managers will have more access to information related to the firm's prospects.
The chance for Hershey to file for bankruptcy will depend on an inability to meet its obligations as
they come due, this will heavily depend on its levels of business risk and financial risk. The greater
HSY's operating leverage, the higher business risk they will have. Although operating leverage is
one of the most important factors affecting business risk, two other factors such as revenue stability
and cost stability can affect the firm exponentially. Revenue

History Of The Oreo Cookies
Do you know that yummy treat that goes great with some cold, fresh milk? Well, that treat is the
Oreo! I have always kind of wanted to know information about who invented the cookie, how many
Oreos have been sold, what different names the cookie has had, how they got there name, and what
kind of a different Oreos there are. In the year of 1912, the food scientist created, " America's
favorite cookie". His name was Sam J. Porcello. He recently died at the age of 76. Sam was
employed at Nabisco for 34 years which was the industry of the Oreo cookie. Sam also had 2 kids
and would go home after work and tell them all about his day. What he would do, where he would
go, and any of the struggles of the day. There are so many ... Show more content on Helpwriting.net
...
It was actually one of the last. Here is the order of the names it went through. First it was called the
Oreo Biscuit in 1912. Then, it was called the Oreo creme sandwich in 1948. In 1974, it was called
the Oreo chocolate sandwich cookie. And then last, in 2001 it became the Oreo cookie. The "Oreo"
cookie has quite a different name and your probably wondering why it's called that. Nabisco took
words that describe the Oreos from different languages and put them together. The French word for
gold which is "or". They took the word gold because in the 1900's, the packaging was gold. Nabisco
also took the Greek word for mountain which is "oros". They wanted the word "mountain" because
it is a "Mountain of yumminess" which used to be the old slogan. What they first came up with was
a saying O–cream–O. One fact about Oreos is that more than 450 billion Oreos have been sold over
its existence. The Oreo was first introduced on March 6, 1912. The invention of the first Oreo just
turned 104 years old. When it first hit the market in 1912, it practically marketed itself. But to help
this industry grow, there have been many ads to spread the

Milton Hershey Controversy
Milton Hershey singlehandedly revolutionized the chocolate industry in the United States. In his
time, he was one of the few major company owners who actually cared about his workers and their
well–being. Not only was he setting the bar for treatment of workers, he was the first man to bring
the decadence of milk chocolate, previously reserved for only the richest of folk, to the mass market
of America. While bringing milk chocolate to the masses, he also established a sustainable source
for his ingredients, a rarity for that time. In his wake of successfulness, many imitators and copies
soon followed with their own brands of chocolate. However, Milton Hershey was the leading
philanthropist and business leader of his time with his use of sustainable ingredients and his
commendable efforts in times of war. Hershey was one of the leaders when it came to philanthropy.
Throughout his years as owner of the Hershey Company, he donated countless millions to charitable
foundations. In fact, when he became aware of the long treks ... Show more content on
Helpwriting.net ...
Actually, he was not always a chocolate producer. His first venture into the candy industry was
actually with caramel. It was not until a convention in Chicago where he was introduced to the
marvels of milk chocolate and its potential for profit (bio.com). Hershey was the first, and for a
longtime, the only producer of milk chocolate in the states. This is due to the fact that milk
chocolate was very scarce as it had to be imported and on top of that, only very wealthy people
could afford it. Along with the commercialization of milk chocolate, he also built a dairy farm next
to the factory so as to only have the freshest ingredients used for his delicacies (Ic.galegroup.com).
This combination of innovation and smart business moves set the bar very high for all major candy
producers that would come to pop up as time went

Milton Hershey Research Papers
Hershey factories are located around America and their diverse production of various candies makes
their company one of the most popular in the world. Milton Hershey, after many failures, and
successes went back to his hometown of Derry Church, Pennsylvania to create a factory that could
fulfil the large demand for chocolate (A Hasty History of Hershey's, 1–2). Years later there would be
factories across North America, and many fans of Hershey products.
There are Hershey factories all through North America, and one in South America. The factories are
located in Hershey, Pennsylvania, Lancaster, Pennsylvania, Hazleton, Pennsylvania, Stuarts Draft,
Virginia, Robinson, Illinois, and Guadalajara Mexico. Each factory produces a different item ...
Show more content on Helpwriting.net ...
The beans are collected, cleaned, milled, and turned in chocolate liquor. The four main ingredients
in a Hershey's bar are chocolate liquor, cocoa butter, sugar and milk. The milk and sugar are
combined and dried until it has a thick taffy texture. Then chocolate liquor is mixed with the sugar
milk, and this mixture turns into a dark brown powder called chocolate crumb. Cocoa butter gets
added to the chocolate crumb, then the mixture is grinded through steel rollers making it a smooth
chocolate paste. The paste is poured into huge vats called conches, where large granite rollers
smooth out any gritty particles. Next the chocolate needs to be cooled so it reaches the proper
texture. Next the chocolate needs to be molded into the signature Hershey shape. The molds are put
onto a vibrating conveyer belt so the air bubbles are removed, and the chocolate can settle. The bars
are then sent through a cooling tunnel, where they are cooled until solid. Then the bars are ready to
be sent to wrapping (McGarry,1). Hershey produced many types of chocolate, and non–chocolate
candies for people all over the world to enjoy. Their factories are located all through America. The
well produced famous Hershey Bar is why the company is so popular today. Hershey has factories
all over America and their diverse production of various candies makes their company one of the
most popular in the

Milton Hershey's Accomplishments
Milton Hershey once said, "If I ever become rich, I am going to use my money to build schools to
give every boy and girl an opportunity to get an education" (Quotes Said by Milton Hershey). These
words reflected how Milton Hershey felt about education because he was uneducated and forced to
drop out. Hershey knew from that point on that he wanted to help others get educated. The Hershey
Company helped him achieve these goals. Milton Hershey always has a passion for candy making,
and he fulfilled his dream by becoming one of the most successful chocolate entrepreneurs. He used
his wealth to create a school for orphaned boys and helped anyone in need.
Milton Hershey was born on September 13, 1857 in Derry Township, Pennsylvania to Henry
Hershey and Veronica "Fanny" Snavely. Milton had one younger sister named Serina Hershey, who
had died of scarlet fever when she was four (Milton S. Hershey). Veronica was the daughter of
Bishop Abraham Snavely, a highly respected figure of the Mennonite church. She raised Milton the
same way ... Show more content on Helpwriting.net ...
Hershey started with 500 acres of land to build the company; within one year of being open he
expanded to 12,000 acres (Career). He made the company bigger and better as time went on. When
Hershey first opened, milk chocolate was the only candy produced. Around 400,000 quarts of milk
were used each day to manufacture chocolate, around half a million pounds of chocolate was
produced a day. While planning the rest of the Hershey factory, Milton wanted his employees to
have a safe, home–like environment to live in. Workers would need comfortable homes, medical
care, recreational facilities, and school for their children. Not only would Hershey help them out
financially, he would help them with personal issues too. The production took around a year to do.
By then Hershey Company was ready to open and produce candy

Milton Hershey And The Hershey Company
The Hershey Company is a candy company that makes hundreds of candies. They are one of the
biggest manufacturers of candy in the world. It was started by a man named Milton Hershey in
1894. The company is located in Lancaster, Pennsylvania, and has spread all over the world.
Hershey chocolate is a mouthwatering milk chocolate that is affordable for all.
Milton Hershey, the founder of The Hershey Company, was born September 13, 1857, and his
parents were Henry Hershey and Fanny Snavely. At the age of 14, Milton became an apprentice for
a candy maker. Soon he realised he had a natural talent for candy making. Milton wasn't the most
successful person before he started Hershey's. When Milton was 18, he started his first candy
company, and it was located in Philadelphia. After six years of hard work, the business failed.
Milton tried again in New York but it failed again.
Almost broke, Milton started a new caramel company in Lancaster, Pennsylvania. After four years,
Milton became "one of the leading manufacturers of chocolate of caramels in the United States"
("Lancaster Caramel Company." n.d.). Milton changed the company's name from Lancaster Caramel
Company to the
Hershey Company. He started to sell milk chocolate, but it took him many years of trial and error to
create his recipe of milk chocolate. An author writing about Milton states, "Milton Hershey was the
first American to develop a formula for manufacturing milk chocolate...It was affordable, tasted
good, and remained

Milton Snavely Hershey Research Paper
Jaydan Teslow
Milton Snavely Hershey
Milton Snavely Hershey was born on September 13, 1857 in Derry Township, Pennsylvania. He was
born and the only surviving child to the parents of Veronica "Fanny" Snavely and Henry Hershey.
Milton trailed his father, a man who always looked for new opportunities. In 1867 Hershey's father
left their family and it is believed that Veronica was growing tired of her husband's failures. At the
age of 13 Hershey dropped out of school and was apprenticed at the young age of 15. Hershey
borrowed $150 from his aunt and started his own candy shop at the age of 18. Five years later
Hershey still hadn't had any success so he closed his shop and headed west where there he had
reunited with his father. There he discovered

Honeywell Merger Essay
Acquisition of Honeywell
Ishyta Hick
Financial Decisions MGT 769
April 9, 2013
Honeywell Acquisition
Jessica Gallinelli, managing director of Bancroft capital management is facing financial decision
either to hold or sell her shares in Honeywell before Honeywell merge with GE. Gallinelli own 10
million shares in Honeywell and its short position of 10 million shares in GE. The key factors on
Gallinelli either to sell or hold shares were based on the value of shares after the merger, also she
wanted to know how the market will respond to Honeywell shares after decisions from both the
antitrust regulatory of the European Commission (EC) and The U.S. department of justice.
Gallinelli also planned to consider relevant personality and ... Show more content on
Helpwriting.net ...
Milton Hershey School is a school for orphans in Hershey, Pennsylvania. Hershey created Hershey
trust company as sole to trustee for the school. The school owned 33% of Hershey Foods
Corporation shares.
In 2002 the Hershey trust company board decided to sell school shares from Hershey stock. The
board wanted to sell the 33% of Hershey shares at premium and reinvest the money in another
company to make profit for the school. The board was responsible to oversees the investment and
make sure the school was doing fine. Looking on this issue as financial personnel the board decision
was better to sell stocks at premium and reinvest in another company.
The community members did not agree with the trust board decision to sell 33% of Hershey shares
to other investors. Milton Hershey did a lot to his community as a result the community felt like
they have high stake in Hershey Company. Hershey himself had a sign in his office saying
"Business is a matter of human services". After his death the board rearranged the company from
operating at loss while maximizing community needs to operate at profit to maximize shareholders
wealth.
The decision to sell the shared faced strong opposition from Hershey employees, local businesses,
and politicians. The community did not want foreign company to take over Hershey Company due
to the legacy of Hershey involvement in the community will be compromised and many jobs might
be lost.
The community

Hershey Food Corporation
HERSHEY FOODS CORPORATION:
BITTER TIMES IN A SWEET PLACE
Teaching Note
Synopsis and Objectives
The proposed sale of Hershey Foods Corporation (HFC) during the summer of 2002 captured
headlines and imaginations. After all, Hershey was an American icon, and when the company's
largest shareholder, the Hershey Trust Company (HSY), asked HFC management to explore a sale,
the story drew national and international attention. The company's unusual governance structure put
the Hershey Trust's board in the difficult position of making both an economic and a governance
decision. On the one hand, the board faced a challenging economic decision that centered on
determining whether the solicited bids provided a fair premium for HFC ... Show more content on
Helpwriting.net ...
To facilitate the valuation aspect of the analysis, free–cash–flow forecasts are provided in case
Exhibit 10 for Hershey as a stand–alone entity. Most students should find it easy to calculate a value
for Hershey using the discounted–cash–flow (DCF) method and industry–comparable multiples,
which also are provided. As with any valuation case, students must make judgments about the
appropriate capital structure, the weighted average cost of capital (WACC), sales growth, and the
terminal growth rate. Once students have explored the value drivers for Hershey though sensitivity
analysis, they may then evaluate the bids from both Nestlé S.A.–Cadbury Schweppes PLC (NCS)
and the Wm. Wrigley Jr. Company. They will want to examine whether the bids are fair from the
perspective of HFC shareholders and whether the synergies assumed by the bidders in their offer
prices are reasonable.
The instructor may vary the emphasis on different issues by altering the study questions and by the
choice of video clips. The case is well suited for courses and classes concerning corporate
governance, valuation, mergers and acquisitions, and corporate social responsibility. The following
objectives of the case allow students to:
Explore the unusual corporate–governance and ownership issues affecting a company with a

Exploring Corporate Strategy
ECS8C_C01.qxd 22/10/2007 11:54 Page 597 CASE STUDIES ECS8C_C01.qxd 22/10/2007
11:54 Page 598 ECS8C_C01.qxd 22/10/2007 11:54 Page 599 Guide to using the case studies The
main text of this book includes 87 short illustrations and 15 case examples which have been chosen
to enlarge specific issues in the text and/or provide practical examples of how business and public
sector organisations are managing strategic issues. The case studies which follow allow the reader to
extend this linking of theory and practice further by analysing the strategic issues of specific
organisations in much greater depth – and often providing 'solutions' to some of the problems or
difficulties identified in the case. There ... Show more content on Helpwriting.net ...
Pharmaceutical Industry – global forces at work in the ethical pharmaceutical industry. TUI –
competitive forces in the travel industry. HiFi – how can small players survive changing markets?
Amazon (B) – latest developments in a successful dot.com. Formula One – developing the
capabilities for competitive success in a hi–tech industry. Manchester United – clash of expectations
in the football world. Salvation Army – strategic challenges for a global not–for–profit organisation
with a mission. Bayer MS –

Milton Hershey's Hard Work
Some people are born into success, others are taught to work hard and never give up on their
dreams. People who work hard to achieve success are inspirational, talented, and intelligent in their
work; but they must be something more than their work. Milton S. Hershey was far more than just a
candy maker, he is a caring, intelligent, and generous man that revolutionized the way people ate
chocolate forever. Milton's childhood was not an easy one, his upbringing forged the foundation of
his beliefs that enabled him to be such a hard working businessman and chocolatier. "Milton
Hershey was born on September 13, 1857, in Pennsylvania, to Veronica and Henry Hershey. He was
born in a tiny community farm where he spent most of his childhood days," ... Show more content
on Helpwriting.net ...
Hershey was a revolutionary, he was caring and generous while also building an amazing chocolate
empire that has changed the way sweets are eaten in America forever. Milton's hard childhood and
his early business troubles gave him a hard working nature that aided him throughout his career.
Even when faced with a challenge after finding success in the caramel business he faced new
challenges head on, he knew that patience and perseverance would one day pay off. When running
the Hershey Chocolate Company he continued the tradition of hard work and he would pay it
forward to his employees by working around hardships that faced them and their families. Through
Milton's challenging early life and business career he gained a set of beliefs that hard work could
take him anywhere. This belief played a major role after he had found success in the caramel
business and was presented with a new challenge, chocolate. When he was building his chocolate
business he built it on the foundation of his values, constantly promoting hard work and in turn
giving it back to his workers. Even though he had reached the pinnacle of success, in his later years
when the business was faced with hardships and the devastation of war he continued to support his
workers and American soldiers through his sweet creations. Miton's greatness did not cease with his
death, his influences and generosity continues to affect many people's lives today. Milton was not
born into success, but his values and hard working nature allowed him to achieve unbelievable

stock equity (220,869,509 shares) 2) preferred stock which the company has none. In other words
the more debt a firm uses, the greater their financial leverage will be. When Hershey increases its
use of leverage, lenders begin to worry about Hershey's ability to pay back its debts. The claims of
common stockholders will always be riskier, so the cost of equity will overpass the cost of debt.
Hershey values equals the present value of its future cash flows, in other words Hershey's goal is to
maximized the value of the firm when the cost of capital is minimized. In conclusion the present
value of the future cash flows is at its highest when the cost of capital or the discount rate its at its
lowest. Hershey's currently have Leases, Uncapitalized Annual rentals of $36.7 mill, Pension Assets
–12/13 of $1.1

A Woman Who Was A Girl
Once upon a time there was a woman who was unexpectedly pregnant. She had big brown eyes,
short hair, and her physique was slim since she lived in the gym and practiced for volleyball. Even
though the little seed in the woman's stomach was not planned, her parents were overly excited for
another child. They already had two of their own to take care of but were ready for another
challenge. A couple months into the pregnancy, they were shocked to know the child was a girl.
They had two boys before that and thought they would have another one. Her parents did not know
what to name their first daughter, but her mother thought of Alinali, which many could not
pronounce one bit. On the other hand, her father thought of something simple, like Nicole.
Every day after she was born, her parents cherished her and their other two sons. They showed
unconditional love on a daily basis and always gave an abundant number of hugs and kisses. Three
years went by when Nicole and her siblings had one more addition to the family. Sadly, things began
to change. Her parents had struggled financially and were extremely stressed. Looking for ways to
help the family, both parents worked assiduously to bring money to the table, and that is why her
mother applied for a side job at a hotel. Injuring her back at her first job, which had dealt with cars,
her mother could not work no longer, so all the responsibility was left on the father. They managed
and were still very thankful, but the mother's

Do Mistakes Lead To New Discoveries
Do mistakes lead to new discoveries? I believe yes! Sometimes they don't lead to new discoveries
but most the time they do. Think about when you were in middle school or something, you got a
question wrong on a test, you can now understand how to do it if you do corrections, you learned or
discovered how to solve it correctly instead of getting it wrong every time. In the first story it talks
about how Frank Calvert wants to make discoveries in Ancient Troy, but doesn't have all the funds
to do it so he pairs with someone else named Heinrich Schliemann and they made a dig site where
they believed Ancient Troy was. Eventually Calvert had to rely on Schliemann to fund it all and so
Schliemann did the dig site his way. Unfortunately Schliemann's

Milton Hershey's Accomplishments
Some people are born into success, others are taught to work hard and never give up on their
dreams. People who work hard to achieve success are inspirational, talented, and intelligent in their
work; but they must be something more than their work. Milton S. Hershey was far more than just a
candy maker, he is a caring, intelligent, and generous man that revolutionized the way people ate
chocolate forever.
Milton's childhood was not an easy one, his upbringing forged the foundation of his beliefs that
enabled him to be such a hard working businessman and chocolatier. "Milton Hershey was born on
September 13, 1857, in Pennsylvania, to Veronica and Henry Hershey. He was born in a tiny
community farm where he spent most of his childhood days," ... Show more content on
Helpwriting.net ...
Hershey had done many great things in his life but sadly all great things must one day end. "On
October 13, 1945 Milton Hershey died at 10:00 A.M. in the Hershey Hospital," (Coyle, Millie
Landis). But Milton did not leave behind just a changed world of sweets, he left behind an amazing
school that has helped hundreds of students since it was founded. "Milton and Catherine Hershey
founded this school for orphaned boys in 1909," ("Milton Hershey School"). Milton and Catherine
were not able to have children of their own, so it is believed that is why they founded the school, on
top of Milton's giving nature. They did not only just found the school, though, Milton has continued
to support it even to this day by devoting some of the Hershey Chocolate Co.'s profits to the school.
"Known today as the Milton Hershey School, the 10,000–acre institution provides housing and
education for nearly 1,000 boys and girls whose family life has been disrupted," ("Milton S.
Hershey"). Milton has provided so much for so many young kids and will continue to support them
even though he passed away over 50 years ago. Milton's generosity while he was alive has enabled
many young people to have a better, more stable start in life than he did. Even after death, his
generosity continues to affect the lives of

Milton Hershey Research Paper
"One is only happy in proportion as he makes others feel happy" (Who Was Milton Hershey). The
quote is explaining how one can be happy by helping others and making other people happy. Milton
Hershey's dreams had grown far beyond acquiring wealth. He loved to help people and the less
fortunate. Milton went from rags to riches after many failed businesses. At the age of 26 he was
penniless but everything turned around for him when he finally created a affordable milk chocolate
that could be mass–produced (Who Was Milton Hershey). Milton Hershey revolutionized industry
to become one of the most successful businessmen of all time as seen in ability to become the
world's lst mass producer of chocolate bars, his charitable efforts to build a school, ... Show more
"Fairy–tale places where streets are paved with chocolate and rivers run with honey are the stuff of
childhood dreams, but there is a real–life destination where chocolate rules and family fun is oh so
sweet"(Matte). It wasn't always so sweet for milton, after many failed businesses and going to a
bunch of different places he finally got it right and made millions. Milton started off working with
Joseph H. Royer in Lancaster. Milton helped Joseph with his candy making business and ice cream
parlor. When Milton turned 19 he left the company with Joseph and tried to start his own business in
Philadelphia. The business scraped by for 6 years until Milton was just too tired from the strain of
working all day and night making then selling the candy so he decided to closed up shop. After that
he decided to go to denver with his father. He worked at a candy company and learned how to
improve the quality of his chocolate. Then he moved to Chicago with his father and opened yet
another business. Like others it also failed. He then left for New York City in the spring of 1883, he
worked for a candy shop named Huller and company and started manufacturing Hershey's Fine
Candies. But then sugar prices increased and Milton lost all his machinery so he moved back to
Pennsylvania. In Pennsylvania he partnered up with William Lebkicher and they scraped up just
enough money to start the Lancaster Caramel Company. He finally found success and the proceeds
he made went to expanding is business (Milton Hershey). After trying so many times we should all
be happy that he continued trying to find the perfect

Milton Hershey 's Positive Impact On Society
Despite what some may think, it is proven that Milton Hershey had a positive impact on his
community and the world in a various of ways. For example, he built the Milton Hershey school to
benefit underprivileged youth. In fact, this school is still in operation today and was originally
opened on November 15, 1909. Another way Hershey impacted the lives of many was through the
building of Hersheypark. This amusement park was established in 1907 and, like the school, is still
in operation today. On the other hand Hershey's Chocolate also left a huge impact on the entire
nation and the world and continues to be successful today. Evidently, his chocolate was innovating
at the time because it allowed more people to be able to afford chocolate, not just the wealthy.
Furthermore Milton Hershey's legacy would later impact the lives of a great deal of individuals in a
positive manner. If Milton Hershey had not lived, many youth and various families would not have
the opportunities that for a better life and pleasure.
In 1903, even before the chocolate factory was completed, Milton Hershey set aside a place for a
park to be built for his employee's for picnics and family outings. That is because Hershey wanted to
build a park as a pleasant environment for his workers and their families. Later, the space was used
to build Hershey Park. Construction on the park began in 1905 when a dance hall was built, and then
a theater in 1906. However, the park was not opened until April

Milton Hershey : The American Chocolate King
Milton Hershey: The American Chocolate King
What kid doesn 't like chocolate? Thanks to the iconic Milton Hershey brand, we now have sweets
such as Hershey kisses, Reese 's cups, Kit–Kats, and so many more! This essay will discuss Milton
Hershey's life, contributions to society, his companies, and some facts that might not be well known
about him and his company.
Milton Hershey was born in Derry Township, Pennsylvania, on September 13, 1857 to parents
Veronica Snavely and Henry Hershey. After completing the 8th grade in 1866, Milton dropped out
of school. Around 1867, when Hershey was around 14, Milton's parents separated; the reason why is
not really known. Shortly after the separation, Milton started to have an interest in the making of ...
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Three years later, in 1903, Hershey started building a candy making site in Derry Church,
Pennsylvania. The site was completed and opened 2 years later, in 1905. In a short amount of time,
Hershey 's company went above and beyond its expectations. His most successful idea was the
Hershey's kiss in 1907, the foil wrapper we see today was added to it in 1924. As his company
became bigger and bigger overtime, Hershey wanted to create a united community. When the
Hershey 's company thrived and Hershey became wealthier, Hershey 's new wish was to have a
connected community. Hershey began to build churches, parks, schools, and provided places to stay
for his workers. His wife, Catherine, supported him in his philanthropic dreams. Because they could
not have kids, most of their projects had kids as their main focus. It was in 1909 when Catherine and
Milton opened the Hershey Industrial School, a place for boys who were orphans. Since then girls
have come to the school as well.That school is now called the Milton Hershey School. Three years
after Catherine passed away, Hershey donated a large portion of his money to the Hershey Trust that
supports the Milton Hershey School.
Even as Hershey got older he continued to be very generous to others. Hershey gave young men
jobs through the Great Depression by requesting for a hotel and Hershey offices. Hershey supplied
the troops with

Rocky Mountain Audit
| | | | [Rocky mountain chocolate factory strategic audit] | | Strategic Management & Business
Policy * Table of Contents 1. Executive Summary .....................................................................
...............3 1.1. Organization Background..................................................................3 1.2. Current
situation...............................................................................3 1.3. Strategic
posture...............................................................................4 1.4
.Strategies..............................................................................................5 1.5.RMCF
Policies............................................... .............................................5 1. Corporate
Governance...............................................................................6 2.4. Board of
directors.................................................................................6 2.5. Top ... Show more content on
Helpwriting.net ...
As of March 31, 2008, there were 329 Franchised in the RMCF system. RMCF 's growth and
success was dependent on both its ability to obtain suitable sites at reasonable occupancy costs for
franchised stores and its ability to attract, retrain, and contract with qualified franchisees who were
devoted to promoting and developing the RMCF store concept, reputation , and product quality. As
March 31, 2008, there were five company– owned RMCF stores. These stores provides a training
ground for company – owned store personnel and district managers and controllable testing ground
for new products and promotions, , and training methods and merchandising techniques, which
might then be incorporated into the franchise store operations. Factory sales increased in fiscal 2008
compared to 2007 due to an increase of 28.8% in product shipments to specialty markets and growth
in the average number of stores in operation to 324 in 2008 from 310 in 2007, with $16.7 Million
increase in 2008. After 2008, and due to economic downturn. Sales have slowed but the company is
in an excellent financial position to withstand the recession. RMCF 's revenues were derived from
three principal sources: 1) sales to franchisees and other chocolates and other confectionery products
manufactured by the company; 2) sales at the company–owned stores of chocolates and other
confectionary products; and

Hershey's: Bitter Times in a Sweet Place Essay
HERSHEY FOODS CORPORATION: BITTER TIMES IN A SWEET PLACE
INTRODUCTION
Born into a poor, lower–class family, Milton S. Hershey dropped out of school before reaching the
fourth grade. He developed an interest in becoming a confectioner. He believed there would be great
demand for affordable, mass–produced chocolate, and thus he built the Hershey Chocolate
Company. Hershey's is now the largest producer of quality chocolates in North America and a global
leader in chocolate and sugar confectionery. Although he enjoyed making money, Milton S. Hershey
was intent on using his vast fortune for philanthropic purposes. He decided to surround his
enterprise with a model town and personally financed the building of roads, utilities, ... Show more
This legacy of educating disadvantaged children from the community would affect our thinking as
members of the Hershey Trust Company's board of trustees. It may be viewed as a bias in our
decision–making where we may favor protecting the endowment of the Milton Hershey School over
protecting the equally important interests of the Hershey Foods Corporation and the Hershey,
Pennsylvania community in general.
Is diversification a valid reason to sell HFC? How would such diversification have served the
Hershey School 10 years ago, for example? What are the pros and cons of this strategy?
We believe that diversification of an investment portfolio alone is not a valid reason to sell Hershey
Foods Corporation in this case. Ten years ago, there would have been few benefits for the Hershey
School with the sale of the Hershey Foods Corporation stock. These benefits include a price
advantage on the sale of the stock and a short–term monetary gain for the endowment fund. Another
benefit is that the Hershey Trust Company's investment portfolio would be less concentrated in
Hershey stock, which in theory may be to their advantage if the Hershey stock were to suddenly
decline in value. Ten years ago the Hershey Trust Company, who was a major shareholder in the
Hershey Corporation, was advised that in order to ensure

Hershey 's A Chocolate And Cocoa Products Company
Hershey's chocolate is one of the best chocolate candy that is favored by everyone. There was a lot
of work that Milton S. Hershey had to do to accomplish his dream goal.
The Hershey company is a chocolate and cocoa products company. Milton S. Hershey was raised in
central Pennsylvania. He didn't have a great education was nearly broke by the age of 30. But,
Hershey did not only become one of the wealthiest people in America. He also is a successful
business man where his products became popular worldwide.
Milton Hershey's great–grandparents constructed a homestead on 350 acres of prime Pennsylvania
farmland. This was the place where Milton S. Hershey was born . Hershey was born on September
13, 1857. But, Hershey didn't live there ... Show more content on Helpwriting.net ...
Milton Hershey didn't get the quite the education because his family kept continuously moving
during his childhood. During eight years of Milton Hershey's life, he attended to seven different
schools. One of the schools Milton Hershey attended was in Derry Township. The school was
named Derry Church School. The Derry Church School was a one–room schoolhouse. This school
was located next to Milton Hershey's Mansion. It can still be seen today. Throughout all of
Hershey's life, Hershey knew that he didn't get that much education. This is why Hershey wanted to
provide as many opportunities for other people. He loved helping building schools for boys.
In 1871, Milton Hershey left school and was assisted to a local printer who published a German–
English newspaper. Milton didn't like the job quite much and he ended the job immediately.As a
teenager, Hershey was a candy maker in Lancaster, Pennsylvania. He then decided that he wanted to
create his own business in Philadelphia. He worked very hard in this business for six whole years,
but kept failing. Later, Hershey decided to move to Denver. Hershey's mother came in and found a
job with a confectioner. The confectioner's name was Joseph Royer. Joseph Royer taught Hershey
on to make caramel. Hershey who fourteen years old turned to have instinctive talent for candy–
making. Then he learned the art and science of producing flavorful confections.
Hershey began a new caramel business in New York City but he

My Career And Personal Study Of Leadership
During the course of my career and personal study of leadership practice, I have had the good
fortune of becoming acquainted with a number of leaders whom I admire. When considering a
choice for this paper number strong leaders from a wide range of backgrounds came to mind. I
considered Alan Mulally, former CEO of Ford Motor Company, Milton Hershey founder of The
Hershey Chocolate Company, Jack Welsh former Chairman and CEO of General Electric, and Lee
Iacocca former CEO of Chrysler. All of these leaders are well known and would make excellent
candidates for a leadership profile. Instead, I chose John Hand former operations executive of
Georgia Pacific Corporation. John Hand is a self made man who came from humble beginning.
Orphaned at the age of two years, he was raised and educated at the Milton Hershey School where
he learned the value of hard work, the importance of relationships, and how integrity and honesty
are the cornerstone of a man's success. During his time at the Milton Hershey School, John
developed many strong relationships that he would carry throughout his life. He finished his high
school education and trade studies as an electrician, before going to work as an electricians' helper
for The Scott Paper Company in Chester, Pennsylvania. During his early years at Scott Paper, John
devoted himself to his education. Going to night school he completed a Bachelors Degree in
Electrical Engineering which would serve as gateway to opportunities with

Hershey Essay
Introduction The Hershey Company, known until April 2005 as the Hershey Foods Corporation (and
commonly called Hershey's), is the largest chocolate manufacturer in North America. Its
headquarters are in Hershey, PA. Founded in 1894, the company is 120 years old and enjoys the
benefits associated with a mature business cycle; strong corporate culture, brand recognition,
customer loyalty, etc. This paper analyzes the business in a number of ways to explain how
Hershey's has endured and some issues it overcame to remain a global leader in chocolate and sugar
confectionery and an icon for its chocolate bar.
Company Profile The Hershey Chocolate Company was founded by Milton S. Hershey in 1894, a
subsidiary of his Lancaster Caramel Company. Principle product groups include chocolate and sugar
confectionery products, gum and mint refreshment products, and pantry items such as baking
ingredients, toppings and beverages. Their mission is "undisputed marketplace leadership" and their
vision is "great people building great brands" (Chadna, A., 2012, p.1). The Hershey Company
currently employs 21,000 people worldwide and holds 44.4% of the U.S. chocolate market. Products
are sold in 60 countries under 80 brand names including Hershey's, Reese's, and Kisses.
Additionally, Hershey maintains the right to manufacture and sell competitor's products such as Kit–
Kat bars through licensing agreements with foreign Nestle and the former Cadbury Schweppes, now
a part of Kraft foods.

How Does Hershey Impact The World
The Hershey Company is the leading North American manufacturer of quality chocolate, non–
chocolate confectionery, and chocolate–related grocery products. The company is also a leader in
the gum and mint manufacturer category as well. In this paper, I will discuss the history of the
Hershey Company and the impact it has on the United States and the rest of the world.
Milton Snavely Hershey was an American confectioner, philanthropist, and founder of The Hershey
Chocolate Company and the "company town" of Hershey, Pennsylvania. He was born on September
13, 1857 to Veronica "Fanny" Snavely and Henry Hershey in Derry Church, Pennsylvania. The
Snavely family were a well–to–do Mennonite family. His father, Henry Hershey, never stayed
anywhere very long and was prone to leaving his wife and child for long periods of time.
Following a four–year apprenticeship to a Lancaster, Pennsylvania, candy maker, Milton Hershey
was apprenticed at the age of 15. In 1876, Hershey attempted to start his own candy business in
Philadelphia. Despite six years of hard work, it failed. So, he moved to Denver and found work with
a confectioner who taught him how to make caramels using fresh milk. He then started a second
candy business in New York City, it also failed. Determined to succeed in ... Show more content on
Helpwriting.net ...
He sold the Lancaster Carmel Company for $1 million dollars. Discovering a need to expand his
production capacity, he began looking around for a suitable place to build a new factory. So, with
the proceeds from the sale of the Lancaster Caramel Company, Hershey initially acquired some
1,200 acres of farm land about 30 miles northwest of Lancaster, near his birthplace of Derry Church.
Convenient to the port cities that could provide cocoa beans and sugar, surrounded by dairy farms,
and endowed with a hardworking populace, the area seemed

Mars History
"America's largest candy empire" (Sherrid Pamela) is the Mars company. The Mars company has
multiple important historical events. Over 10 types of M&M'S including MY M&M'S and the
M&M candy bar have been manufactured by the Mars company. Some of the most popular dog
food, snack food, gum and candy brands are also produced by the Mars company. The Mars
company is responsible for some of the most popular candy, snack food, dog food, and gum brands
that have xaptured america since the early 10900's . i n the history of the mars company many main
events have happened sinse the company was founded in 1911 by the most recent owner's forrest
Mars sr.'s dad. Forrest mars sr died at the age of 95 in 1999. 3 of tyhe leading candy companys mars,
kind, ... Show more content on Helpwriting.net ...
2 or the most popular dog food barnds that they produceare iams and royal canin. the most popilar
snack food is combos and the most popular gu m is 5 gum.the mars company has 29 chocolate
brands including 5 global 1 billion dollar brands which are mnms, snickers which is chocolate
covered peanuts caremel and nuget, milky way which is a caremel and nuget filled chocolate bar,
and twix is a chocolate bar filled with malt and caremel. they also have a bar called mars and a bar
called 3 musketeers. some of the most popular dog food, snack food, gum, and candy brands that
have captured america since the early 1900's came from the mars company . many important events
have happened in the mars companies history. my mnms and the mnms candy bar are just 2 of the
companies 12 different varieties of mnms. also created by the mars company is many popular dog
food, snack food and gum

William Dreyer Research Paper
William Dreyer was a galley boy. He made ice cream on his German ship to celebrate their arrival
into America in 1906. He stayed in New York for a little while and then moved to California. He
was an apprentice for 20 years at the Peerless Ice Cream and National Ice Cream Company. William
Dreyer opened his own ice creamery in Visalia California in 1921. In 1928 William Dreyer became
partners with Joseph Edy. Edy, was a candy maker. Together they opened a ice cream factory on
Grand Avenue in Oakland, California. They named the company Grand Ice Cream. In 1946 Dreyer's
son entered the business. When this happened Edy focused on the candy business. In 1947 Dreyer's
and Edy's partnership ended. The Grand Ice Cream Company was now a family ... Show more
In 1929 William Dreyer added walnuts and marshmallows in his chocolate ice cream. It was the first
batch of Rocky Road ice cream. People said he added the marshmallows and walnuts to help calm
him down after Black Thursday, the beginning of the Great Depression. The name of this new ice
cream helped people smile when they didn't have a lot to smile about. They were eating an ice
cream that described the way they were feeling, they were on a "Rocky Road". In 1948 Dreyer built
a ice cream plant. The plant was in Oakland California. He renamed the company, Dreyer's Grand
Ice Cream, Inc. Dreyer's Grand Ice Cream was delivered and sold to ice cream shops and soda
fountains in San Francisco. At the shops, people loved the idea of adding nuts and candy into the ice
cream. There are some interesting facts on Rocky Road Ice Cream. The marshmallows that Dreyer
used for his first batch of Rocky Road ice cream, were way too big. He had to use his wife's sewing
scissors to cut them into small pieces. Rocky Road was America's first hit flavor of ice cream. It is
still one of the best–selling flavors of all time, but did you know that Australia also had it's own
"Rocky Road"? They made a sweet treat that had chocolate, marshmallow, nuts, and other fillers.
This treat was sold to gold miners, that traveled the "rocky road" to find gold in

Case Study Of Hershey
Culture, Strategy & Environment.
Hershey's Culture
CSR Culture
According to Merriam–Webster culture can be defined as a way of thinking, behaving, or working
that exists in a place of organization. Milton Hershey treasure his workers and he believed that
worker who were treated fairly, lived in a comfortable, pleasant environment would be better
workers. Milton Hershey also imagined building a new community surround the factory. He builds a
model town with a comfortable home with the cheap public transportation system, public school , a
school for the orphanage and also recreational park for creational activities and development of the
employees (Jmfrrell, 2011). Milton Hershey's concern was to create a lively, positive environment
for ... Show more content on Helpwriting.net ...
First is the Business strategy. Hershey's magnificently uses the integrated cost leadership and the
differentiation strategy.
Hershey's successfully uses the integrated cost leadership and differentiation strategy, allowing
Hershey's to adapt quickly and recognize the opportunities provided by the latest technology while
competing against its rivals in the industry. To reduce costs of production, Hershey's builds
manufacturing sites in countries with cheaper labors such as India, China, Brazil and Mexico. The
recent upgrades of distribution and administrative facilities in Hershey's, PA, make Hershey's supply
chain more efficient and cost–effective. To improve differentiation, it aggressively invests R&D
department in the emerging and current markets. Hershey's has a portfolio of representative brands
to satisfy customers in different market

Hershey Essay
The product that we have chosen is Kisses by Hershey's. Before entering the main topic, here is a
little history of Hershey's. Hershey's was founded by Milton S. Hershey. It is known as the largest
chocolate manufacturer in North America. The brand's current vision is to provide high–quality
Hershey's products worldwide by continuing Milton Hershey's legacy. Other than that, the company
provides Hershey's products in a responsible and environmentally friendly manner. According to the
Hershey's vision, The Hershey's Company will continue Milton Hershey's legacy by providing first
class Hershey's products while organizing their company's business in a socially responsible and
environmentally sustainable manner (Hershey's, 2016). Besides that, ... Show more content on
Helpwriting.net ...
The company gains profit tremendously by selling their products worldwide. Besides that, the
company also sell their products online through their official website. This has made their financial
status stable throughout the years. As a result, the company's business grew successfully and was
forced to open more branches. Thrus, more factories were opened to produce more quality Hershey's
products (Mattern J., 2015). Other than that, the company increased the price for the ingredients
including cocoa products, dairy products, sugar and so on due to the currency exchange rates as it is
increasing in an alarming rate. However, Hershey's Company also encounter some effects that affect
their financial status. The price for Hershey's products may not be sufficient to maintain its
profitability as the price of everything is increasing day by day. The company may decrease the
product size and increase the price of the product. However, this may result in a decrease amount of
sales volume. Furthermore, the increasing of competitors will result in decreasing profit in the
industry. Some competitors have better marketing strategy and large firms. This has cause Hershey's
Company to produce more advertisements and promotions to attract new customers. Besides that,
the company needs to produce new and innovative products that are able to keep existing customers
attracted. As for technological status, Hershey's Company are using high–tech machines to produce
first class chocolates for their target

Capital Structure
stock equity (220,869,509 shares) 2) preferred stock which the company has none. In other words
the more debt a firm uses, the greater their financial leverage will be. When Hershey increases its
use of leverage, lenders begin to worry about Hershey's ability to pay back its debts. The claims of
common stockholders will always be riskier, so the cost of equity will overpass the cost of debt.
Hershey values equals the present value of its future cash flows, in other words Hershey's goal is to
maximized the value of the firm when the cost of capital is minimized. In conclusion the present
value of the future cash flows is at its highest when the cost of capital or the discount rate its at its
lowest. Hershey's currently have Leases, Uncapitalized Annual rentals of $36.7 mill, Pension

Jacques Torres Research Paper
Jacques Torres, or "Mr. Chocolate", is an chocolate connoisseur and ironic figure in the pastry
world. Growing up in the southern region of Bandol, France, Jacques's humble beginnings as a
baker started when he was 15; starting as an apprentice at a small pastry shop. Jacques worked
diligently to cultivate his baking and pastry skills within two years. Jacques landed his first major
baking job in the1980's, when he'd began working at the Hotel Negresco alongside Michelin star
chef Jacques Maximin, who had in fact hired him for his enthusiasm and passion to provide patrons
with quality desserts rather than his prior work experience. While working as a chef, he attended
culinary school to earning his masters degree as an pastry chef. Later,

Forrest Mars Research Paper
In 1932 Forrest Mars went to England to begin his own business. He was inspired by his father that
had his very own business going. Mars had copied another company. Mars began his product
(M&M'S) at a factory in Newark, New Jersey in 1941. After M&M'S started going into business
Bruce Murrie and him decided to get together and work. (Mental Floss) M&M's were the first candy
to be on a space shuttle. The "M" on the candy is dyed with vegetable dye. "M&M" stands for Mars
and Murrie. M&M's were first sold out to public in 1954. This candy became a NASCAR sponsor in
1990. In 1948 they changed the way the candy was sold, they went from plastic tubes to a brown
plastic pouch as known today. Frank C. Mars, had the idea of the M&M candy during 1930's. He
had that idea because during the Spanish Civil War he saw soldiers eating chocolate pieces and
British Smarties. Frank C. Mars was also the creator of the Milky Way, Snickers, and the Three
Musketeers. On 1911 Frank and his family were living in Tacoma, Washington and that is where he
established his factory,"The Mars Candy Factory." Frank started to succeed in 1923. The chocolate
was covered with hard sugar syrup. (Kim Kenney) They became the ... Show more content on
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They made the "m" black in 1950. In 1960 M&M's were being sold in different. M&M's were
accustomed with colors in the year 1996. M&M's 75th anniversary they partnered with Japanese
lifestyle, B@rBrick. In 2014 peanut M&M's were produced. On February 29, M&M fans would
start to follow #CelebratewithM and the M&M'S social media so they could get more included and
know what is new, like exclusives and etc. M&M'S are introducing a new flavor for 2016. They
have came up with a new flavor which is a caramel filling in the candy. They want it become an
official member of the M&M family. Inside it will be centered with milk chocolate and soft caramel.
M&M's are now a very popular candy in 2016.

Management Course: Mba−10 General Management
Management
Course: MBA−10 General Management
California College for Health Sciences MBA Program
McGraw–Hill/Irwin
abc
McGraw−Hill Primis ISBN: 0−390−58539−4 Text: Effective Behavior in Organizations, Seventh
Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital
Feigenbaum−Feigenbaum
International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management,
Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell
Leadership, Fifth Edition Hughes−Ginnett−Curphy The Art of M & A: Merger/Acquisitions/Buyout
Guide, Third Edition Reed−Lajoux
and others . . .
This book was printed on recycled paper. Management
http://www.mhhe.com/primis/online/
Copyright ©2005 by ... Show more content on Helpwriting.net ...
What will be the effect of the rapid gyrations in markets that emphasize the difficulties that
accounting practices face in determining true performance costs and that forecasting programs
confront in establishing the economic determinants of corporate planning? In addition to these
challenges, many analytical and strategic evaluation approaches that are used in an attempt to
identify and project how well a company is performing have been overwhelmed by the frequency
and magnitude of these economic groundswells. In today's competitive climate, where the changes
outside a business exceed the productive changes within a business, a company's future viability is
clearly under enormous stress. To maintain business growth and a sustained economy, it is essential
for managers to understand and find solutions for these and other fundamental wide–ranging issues.
The bursting of the high–tech bubble both in many start–up companies and in major segments of

established firms dissipated many entrepreneurial efforts and the large sums of money that were
spent to create organizations that never earned a profit and were often hugely unsuccessful as
business entities. However, this enormous cost to some companies also created beneficial impacts
for many other companies in dealing with these fundamental wide–ranging issues. These beneficial
impacts had

How Well Does The Hershey Company Interact And Adapt Socially
Milton S. Hershey founded the Hershey Company as Hershey Chocolate Company in 1894 by
opening a candy store in Lancaster, Pennsylvania. They manufacture food products, specifically
chocolate and other sugary things. It is one of the best known makers of chocolate candy in our era
and looks like it will continue to be for some time after that. So, to evaluate this company, the triple
bottom line standard will be used– social, environmental, and financial.
First, how well does the Hershey Company interact and adapt socially? The Hershey Company is a
founder of CocoaAction. This is a collaboration between chocolate companies and governments to
help communities in West Africa by building upon educational and community resources and
improve labor

Financial Analysis of Hershey Corporation Essay example
INTRODUCTION The Hershey Company is North America's largest manufacturer of quality
chocolate and sugar confectionary products. They produce and sell a wide variety of confections
from the familiar favorites such as Hershey's, Reese's, and Hershey Kisses to the Ice Breaker line of
gums and mints. They have also emerged as the forerunner in the dark and premium chocolate
category (http://www.thehersheycompany.com/). This paper will discuss the history of The Hershey
Company, general facts and information pertaining to operations as well as industry statistics
including trends and key competitors. Furthermore, this paper will examine the financial position of
The Hershey Company, through use of ratio analyses and forecasting models in ... Show more
When combined the international operations share most of the aggregation criteria and represent less
than 10% of consolidated revenues, operating profits and assets. Industry Overview The
confectionery industry while having some difficulty with consumer demands concerning health
seems to be a quite lucrative industry. The food and beverage industry as a whole sustained sales
and profitable growth due to improved efficiencies and new and innovative product lines. The major
problem in the food and beverage industry continues to be the rising costs of raw materials and the
uncertainty of being able to increase the price of their products (MergentOnline.com). The Hershey
Company and other chocolate confectioners are worried with civil unrest in the world's largest
cocoa– producing country, The Ivory Coast, where prices have remained volatile. During 2006,
cocoa prices traded between .67 and .75 per pound, based on the New York Board of Trade futures
contract (The Hershey Company Annual Report). As mentioned earlier, health conscience
consumers also play a huge part in the success or failure of this industry. Although the majority of
consumers are still purchasing junk food and the like, there are a growing number of consumers that
demand a healthier option. Several companies including The Hershey Company, M&M Mars, and
Nestle have begun to provide a spectrum of healthier products. According to The Washington Times,
companies are

Milton Hershey Biography
Avery
3.26.17
Biography
Who was Milton Hershey? The book I chose for my book report was, Who was Milton Hershey?
The author of this book is James Buckley Jr. There were a few little illustrations in this book and
those were by Ted Hammond. This book is part of a series, so there are many gripping books like
this one in this series! These books tell about different people and a little bit about who they were or
what they did. The book I chose was about Milton Hershey; and as most of you know, he created the
delightful, mouthwatering candy we all love, the Hershey's milk chocolate bar. Hershey
Pennsylvania is the main setting in this book. This is a town created by Milton Hershey himself! He
created this town because when he figured out how

Milton Snavely Hershey 's Work Experience
Milton Snavely Hershey, born to Veronica and Henry Hershey, on September 13, 1857, grew up
speaking Pennsylvania Dutch language. Milton was expected to help with the family farm, like
many other young children of that time. He had a four–year apprenticeship as a teenager and
because of his early work experience, Milton learned early on of the value of hard work and
perseverance. In 1871, Milton Hershey left school for good and was apprenticed to a local printer
who published a German–English newspaper. His dad Henry pursued a multitude of unsuccessful
business ventures. His family moved frequently but he didn't leave for long periods of time, because
the fear of leaving his wife and children alone. So Milton had a very short education, no ... Show
more content on Helpwriting.net ...
Milton used a caramel recipe he came by during his recent travels. This was the company that made
him known as a "candy maker" and also set the stage for upcoming accomplishments. Using the
experience he has with the Lancaster Caramel Company he moved about 30 miles northwest, near
his birthplace. During the 1893 World's Columbian Exposition in Chicago is when Milton first
became fascinated with the art of chocolate making. He then gathered large supplies of fresh milk,
used to produce fine milk chocolate. Back in that time, milk chocolate was a luxury product, so he
was excited and inspired by that. Milton was determined to make a recipe for milk chocolate and
later sell it to the American public. Milton decided to sell his caramel company for $1 million and
devote his attention to making chocolate. The first Hershey bar was the created in 1990. Hershey's
kisses were then developed in 1907, and then lastly came along Hershey bar with almonds in 1908.
On March 1903 he started the makings on what was to become the world's largest chocolate
manufacturing company, completed in 1905. It became the first nationally marketed product of its
kind. Milton has the characteristics of hard work, confidence and not giving up. He has these
characteristics because he failed 2 times, and still continued to try and make a successful company.
He went through many trials and errors and eventually proved that he can and was successful.
Milton has proved himself to be a courageous

Case 44

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