The company I have found that has social responsibility deeply rooted in it’s strategy is The Hershey Company. The Hershey Company is enormously significant as it has operations in over 90 countries. Hershey’s mission statement is “Continuing Milton Hershey’s legacy of commitment to consumers‚ community and children‚ we provide high-quality HERSHEY’S products while conducting our business in a socially responsible and environmentally sustainable manner.” The Hershey Company is the largest
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The Hershey Company (NYSE: HSY)‚ 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‚ Pennsylvania‚ which is also home to Hershey’s Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company‚ a subsidiary of his Lancaster Caramel Company. Hershey’s products are sold in about sixty countries worldwide. Hershey is one of the oldest chocolate
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Price Over the past 4 years‚ the Hershey Company’s stock has steadily risen from the high 30s to today’s price $89.25 per share. Why is Hershey enjoying such growth in a prolonged recession? ---- Insert 5-yr chart here ----- Hershey as a company is over 100 years old. They have had bad times and good but have managed to keep a cool head in difficult situations. This has resulted in building a solid brand based on the name and reputation of Milton Hershey‚ their commitment to excellence particularly
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The Hershey Company is the leading confectionary producer in North America. It was founded in 1894 by Milton Hershey. Its key products are Hershey’s‚ Hershey’s Kisses‚ Reese’s‚ Jolly Rancher and Ice Breakers. The mission of Hershey’s is encapsulated in the following words: “Bringing sweet moments of Hershey happiness to the world everyday.” Sweet moments refer basically to the confectionary products that Hershey produces‚ though in a broader sense‚ it refers to the experience of eating their
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Abstract 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‚ Pennsylvania‚ which is also home to Hershey ’s Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company‚ a subsidiary of his Lancaster Caramel Company. Hershey ’s products are sold in about sixty countries worldwide. In addition‚ Hershey is a member of the World
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deepen our human skill at respecting and honoring our differences and staying focused on our common goals. Milton Hershey believed that‚ “workers who were treated fairly and who lived in a comfortable‚ pleasant environment”‚ would be better workers. He not only built a town for his employees but also a school for orphans. Corporate Social Responsibility is an integral part of the Hershey Company’s global business strategy; which includes goals and priorities focused on fair and ethical business dealings
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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 - renamed
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SITUATION OF THE COMPANY 1.1 - 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
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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
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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
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