The Strengths Weaknesses Essay Paper
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
The Strengths Weaknesses Essay Paper
- Hershey leads U.S. chocolate market (Conway, 2019).
- Hershey’s debt/equity ratio is 3x higher than the industry average (Investing, 2020).
- Hershey’s return on equity is 10% higher than the average, but it’s 5-year projection has Hershey almost 40% higher than the industry average (Investing, 2020).
- Hershey sells international assets to focus on US economy, unable to make any headway overseas (Hirsch, 2018).
Opportunities SO WO
- The middle class in Asia is steadily growing, creating a larger potential consumer base for Hershey products (Coyle, Reiman, & Ruamsook, 2018).
Create a candy bar with flavors that the Asian chocolate market has found to be successful (S1, 01)
Hershey should increase consumer awareness overseas by 30% over the next two years.) W1, 02
- Demand for cocoa will be up 30% this year (Sheedy, 2016).
Hershey should buy a cocoa production farm in Indonesia (S2, O2)
Hershey should develop a product that balances consumer tastes within the price threshold desired by the middle class. (S2, O1)
Threats ST WT
- Grocery e-commerce is growing by 22% every year (Yu, 2017).
Hershey should start a year long extensive social media campaign through Facebook, Facebook Messenger, and Instagram (S1, T1)
Hershey will utlize impulse buying features through Amazon’s online marketplace (W1, T1)
- By diversifying its product line so much, it has started to confuse consumers with too many options and is taking away from their biggest selling brands (Maynard, 2018).
Increase marketing allowance for larger, more popular brands in underperforming channels (S2, T2)
Remove budget for products that don’t sell well or make the company money (W2, T2)
SWOT Conclusions/Insights In order to break into the expanding market in China, Hershey should use some of its leverage in the states to develop a candy bar with Asian flavors in mind. Some of the more popular flavors right now are fruity and spicy (Boudreau, Calonzo, Raghu, & Listiyorini, 2019).
With an increase in demand and higher returns, Hershey is in a good place to invest into operations overseas. Indonesia has been noted to be the best place for chocolate companies to invest in as the area in Africa is drying up (Neiburg, 2015).
Hershey has an unusually high debt/equity ratio; however, an increase in cocoa demand will help offset this. During this time, it’s important for Hershey to reach more people. If the company just keeps reducing spending and cutting assets, Hershey will lose its footing and power in the chocolate industry. Sometimes the only way to make money is to spend money. Removing their current, unproductive assets overseas gives Hershey more flexibility starting new, more strategic Asian investments.
Removing itself from any unfavorable marketing ploys in the past, Hershey should start over new and pay more attention to the preferences of their consumers. Because of the difference in culture, Hershey can’t treat its Asian consumers the same as their American consumers because their tastes differ. Hershey has a lot of debt and its sales are decreasing due to the rise in online shopping. However, utilizing impulse purchasing tactics on Amazon could allow Hershey products to be
easily added to shopping carts online (Yu, 2017). With the boom in e-commerce and Hershey’s large market share in the United States, Hershey should start a social media campaign on the most used platforms to let consumers know they can buy their favorite Hershey bars online now (Clement, 2020).
While it’s varying products weaken the brand, Hershey has more money to spend promoting the best-selling brands than diving its money amongst a lot of small underperforming brands. Hershey should increase their overall budget for their larger brands and remove the money set aside for the smaller ones—eliminating completely brands that don’t sell well.
Industry Sales Growth
High Medium Low
BCG conclusions and Insights Hershey does not release information on individual brands. It does have 43% of the market on chocolate and the chocolate industry is on the rise making its top brands to be in the Stars category (Conway, 2019). Question Marks are products that don’t make a lot of money but are in a thriving industry (David & David, 2017, p. 180).
This would be Hershey seasonal products which have been claimed to have brought the company down (Maynard, 2018). However, the seasonal products industry is doing very well (O’Connell, 2019). Cash Cows are products that are doing well in a declining industry such as Hershey’s toppings (ie. Hershey Syrup) (Global Market Insights, 2019).
I tried to discern which of the Hershey products was in a declining industry to be the Cash Cow; however, all industries are on the rise from ice cream toppings to breath mints. Although, hot cocoa does have the smallest industry growth and probably comes closest to being the Cash Cow for Hershey as the company still has the third dominant marke share (Ibis World, 2020).
References Boudreau, J., Calonzo, A., Raghu, A., & Listiyorini, E. (2019, March 26). These Asian Chocolatiers Are Spicing Up the Global Sweets Scene. Retrieved April 9, 2020, from https://www.bloomberg.com/news/features/2019-03-26/asian-chocolate-makers-vietnam-malaysi a-indonesia-philippines Clement, J. (2020, April 6).
Top U.S. mobile social apps by users 2019. Retrieved April 9, 2020, from https://www.statista.com/statistics/248074/most-popular-us-social-networking-apps-ranked-by-a udience/ Conway, J. (2019, December 18). U.S. market share of chocolate companies, 2018. Retrieved March 22, 2020, from https://www.statista.com/statistics/238794/market-share-of-the-leading-chocolate-companies-in-t he-us/ Coyle, J. J., Reiman, J., & Ruamsook, K. (2018). Chocolate bars and population shifts: How Hershey’s supply chain is adjusting to changing demographics.
Retrieved March 19, 2020, from https://www.supplychainquarterly.com/topics/Strategy/20181102-chocolate-bars-and-population -shifts–how-hershey—s-supply-chain-is-adjusting-to-changing-demographics/ Global Market Insights. (2019). Flavored Syrup Market Size, Share – Industry Outlook Report 2026. Retrieved April 9, 2020, from https://www.gminsights.com/industry-analysis/flavored-syrup-market Hirsch, L. (2018, July 26).
Hershey sells two international businesses to focus on US snacking. Retrieved March 22, 2020, from https://www.cnbc.com/2018/07/26/hershey-sells-two-international-businesses-to-focus-on-us-sna cking.html Ibis World .(2020). Industry Market Research, Reports, and Statistics. Retrieved April 9, 2020, from https://www.ibisworld.com/united-states/market-research-reports/cocoa-drinking-chocolate-prod uction-industry/ Investing. (2020). Hershey (HSY) Financial Ratios. Retrieved March 22, 2020, from https://www.investing.com/equities/hershey-co-ratios
Maynard, M. (2018, April 30). Hershey Knows It Offers Too Many Choices, So It Plans To Streamline Its Lineup. Retrieved March 19, 2020, from https://www.forbes.com/sites/michelinemaynard/2018/04/29/hershey-knows-it-offers-too-many- choices-so-it-plans-to-streamline-its-lineup/#3aa139bf52f3 Nieburg, O. (2015, April 29). ‘
We cannot let Indonesia fail’: Mars stresses Asia’s importance in meeting future cocoa demand. Retrieved April 9, 2020, from https://www.confectionerynews.com/Article/2015/04/29/What-is-the-future-of-cocoa-growing-in -Asia O’Connell, L. (2019, November 19). Holiday retail sales in the United States 2000-2019.
Retrieved April 9, 2020, from https://www.statista.com/statistics/243439/holiday-retail-sales-in-the-united-states/ Sheedy, P. (2016). A World without Hershey Kisses? Retrieved March 19, 2020, from https://digital.hbs.edu/platform-rctom/submission/a-world-without-hershey-kisses/ Yu, D. (2017, March 9). E-commerce the ticket to Millennial candy and snack sales: Analysts. Retrieved March 19, 2020, from https://www.confectionerynews.com/Article/2017/03/09/E-commerce-the-ticket-to-Millennial-ca ndy-and-snack-sales
The Strengths Weaknesses Essay Paper
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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