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Kraft Foods vision, mission, strategy and objectives
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Kraft background description Kraft is the largest branded food and beverage company in North America and the second largest in the world. It operates in more than 150 countries worldwide. Kraft Foods markets the world's favorite food and beverage brands in five product sectors namely the snacks, beverages, cheese and dairy, grocery and convenient meals. Kraft also has 35 major brands with more than 100 years of remarkable achievements in products such as the Oscar Mayer meats, Maxwell House coffee, Jell-O gelatin and Milka chocolate. Kraft constantly strives to continue making historic records with the launch of different new products designed to meet the ever-changing needs of the consumer. Vision, Mission and Goals Vision Kraft’s company vision is to lend a helping hand to the people around them to have a better life and a healthy life-style. Kraft’s vision is to meet consumers' needs and making food enjoyable and healthier. Kraft strives to deliver the message to their consumers that they value the importance of health and wellness and to provide the best and to deliver the value and quality of their products and services. Mission For Kraft to remain successful in the long-run, they have to ensure that they constantly re-strategize their products categories to suit the needs of the consumers. Seize the opportunity to exploit its sales capabilities by coming up with different marketing strategies. Goals Kraft’s corporate goals is to ensure that their products are innovative, high-quality which offer optimum satisfaction to consumer, safe to consume, respectful to environmental needs, and the openness and integrity they seek to commit to the consumers. These are the values for which Kraft’s clos... ... middle of paper ... ...products to adapt to changing preferences • Potentially attractive to strategic buyers • “Niche” companies in the industry possibly available for acquisition Threats • Decreasing at-home consumption of food products • Starbucks reducing at-home coffee consumption • Declining fraction of income is spent on food • Growth of private label products • Rising commodity, packaging, and other inputs costs (coffee, nuts, energy) • Buyer power for Wal-Mart and others retailers • Reduction in inventories by retailers • Increase in women’s labour participation reduces meals at home • Lifestyle changes toward health and nutrition • Rising costs of sugar from increased demand in Asia • Rising pension costs • Altria’s tobacco litigation • Potential obesity litigation • Credit ratings negatively affected by Altria (www.cookingfoodrecipes.org/food-kraft-swot.html)
Kraft Foods was founded as a cheese manufacturer in 1903. They had evolved into North America’s largest food and beverage company and the number two player in the world. They grew to have operations in more than 155 countries by 2004. Kraft consisted of two operations, Kraft Foods North America and Kraft Foods International, and its business was divided into five product categories. These categories are beverages, convenience meals, cheese, grocery, and snacks. The Kraft brand portfolio was among the strongest of the global consumer packaged goods with 50 $100-million brands and 5 $1 billion dollar brands. Kraft also has a strong distribution network and well-earned reputation for developing innovative new products and food applications.
name of big companies like “ Nestlé, Coca-Cola, Kraft, Nabisco and others, also he mentions a
ConAgra’s Foods mission of "one company growing by nourishing lives and finding a better way today, one bite at a time (ConAgra Foods, 2010/29/07)," is dedicated to providing consumers with good quality food that tastes great and provides good nutrition at a reasonable cost. ConAgra was founded in 1919 by Frank Little and Alva Kinney, who consolidated four grain mills as Nebraska Consolidated Mills. ConAgra financed the development of the Duncan Hines brand of cake mixes in 1951 to make flour more profitable. But in 1956 they sold their assets in Duncan Hines to Procter & Gamble, and 15 years later in 1971 Nebraska Consolidated Mills changed its name to ConAgra. Several successful and lucrative investments resulted in ConAgra Foods being the largest processed foods business in America (ConAgra Foods, 2010/29/07). Along with the...
In her book Marion Nestle examines many aspects of the food industry that call for regulation and closer examination. Nestle was a member of the Food Advisory Committee to the Food and Drug Administration (FDA) in the 1990’s and therefore helps deem herself as a credible source of information to the audience. (Nestle 2003). Yet, with her wealth of knowledge and experience she narrates from a very candid and logical perspective, but her delivery of this knowled...
Tyler Pet Food Inc. is a major distributor of dog food for show-dog kennels in the United States. After some researches and discussions, Tyler Pet Foods (TPF) decided to enter into the household dog food market in the Boston, Massachusetts metropolitan area. TPF hired a consulting firm to help it promote and distribute its product. The programs included situational and competitive analysis, the problems and opportunities of the company, and creative strategies to promote its product.
There are several common factors of Sainsbury’s being a successful organization. The key elements of the planning processes of Sainsbury’s are vision, mission, values, plans and objectives. The mission of Sainsbury’s is to be the consumer's first choice of food, delivering products of outstanding quality and great service at a competitive cost through working faster, simpler and together. The vision of Sainsbury’s is to be the most trusted retailer where people love to work and shop. Sainsbury’s also has five values that it’s said that they are what have made Sainsbury’s different from other retailers and provide framework. The first value of Sainsbury’s is best for food for health. For the sake of being best for food for health, Sainsbury’s serves over 23 million customers each week and plays a key role in helping them Live Well For Less. Being best for food and health involves making it economical and easy for the customers to enjoy a healthier, balanced lifestyle, providing specialist health services and promoting activity. Sainsbury’s has been part of the Department of Health’s Responsibility Deal from the outset, building on the work over a number of years to make the food healthier. The second value of Sainsbury’s is sourcing with integrity. Sourcing with integrity is the key in Sainsbury’s dealings with farmers, growers and suppliers in the UK and around the world. By ‘sourcing with integrity, Sainsbury’s provides the customers with quality products at fair prices as consumers care about the provenance of the goods they buy and the integrity of the companies they spend their money with. Thirdly, respect for our environment. At Sainsbury’s, respecting the environ...
We have to know the methods that the marketers use to attract us, and also the factors that make us very confident when buying a specific food product .The article by kim severson “Be It Ever So Homespun, There’s Nothing Like Spin,” Discusses the food packaging issues which I believe are strong ways in misleading people. At the begging of this article, Severson writes about her experience with food and our confusing attraction to the products by their packaging. The part when Severson writes “Something made me uneasy when I dropped a box of organic koala crisp cereal in my shopping cart.” When we think about it, why was it
The targeted goal set by Joe’s is to reach an increase of organic product by an outstanding 30%. A selling point for many people in today’s market is whether or not the food or the product is safe for them. Recently people have discovered that organic foods tend to be much better for the body and give more nutrients than inorganic does. So by achieving the goal of increasing organic products by 30% Joe’s will be targeting a much larger market to whom people only consume organic products, also they will see an increase in their target market, due to the stigma behind organic food within younger
Kraft’s Food Inc. is the world’s second largest food manufacturing company that provides numerous food items to its customers. The company is headquartered in the US but its subsidiaries are present in the UK and Canada as well form where it generated subsequent portion of its revenues. Kraft’s Food ...
Basketball players want to be like Mike, but shoe companies want to be like NIKE. NIKE is the world's number one shoe company and controls more than 40% of the athletic shoe market. The company designs and sells shoes for just about every sport, including baseball, volleyball, cheerleading, and wrestling. Nike doesn't only sell athletic shoes, but a wide variety of sporting goods and clothing; they design, develop, and market high quality active sports apparel, equipment, and accessory products. Their huge lines of products are designed for just about every sport in existence. Their products are made for men, women, and children of all ages. In addition, it operates NIKETOWN shoe and sportswear stores and is opening JORDAN in-store outlets in urban markets. NIKE sells its products to about 19,000 US accounts, in about 140 other countries, and online. Chairman, CEO, and co-founder Phil Knight owns about 36% of the firm.
Sainsbury’s (2014) states they put their “customers at the heart of everything we do and have invested in our stores, our colleagues and our channels to deliver the best possible shopping experience. Our strong culture and values are part of our identity and integral to our success.” Sainsbury’s brand is established upon providing quality at fair prices, the importance of fresh, healthy, safe and tasty food is put very high at Sainsbury’s. Sainsbury’s also offer a range of up to 30,000 products such as household products, food, grocery, and even its own products.
H.J. Heinz Company, basic philosophy is “Good Food Every Day” ,and it is one of the world’s leading marketers and producers of convenient, healthy and affordable foods specializing in ketchups, sauces, soups ,meals, snacks and infant nutrition. Heinz provides superior quality taste and nutrition for each and every occasions whether in the home or in a restaurant or in the office or “on-the-go.” Heinz is a globally recognized leading branded products, which includes Heinz Ketchup, sauces, soups, pastas, beans and infant f...
PepsiCo's mission listed on their website said as follows: "Our mission is to be the world's premier consumer products company focused on convient foods and beverages. We seek to produce finanical rewards to investors, business partners, and communities in which we operate. And in everything we do, we strive for honesty, fairness, and intergrity." Their mission is done through programs with environmental care, activities that aid the society, and a commitment to build shareholder value. PepsiCo puts significant emphasis on shareholders throughout all aspects of the company.
Unilever is a multinational consumer goods company, which includes products like food, beverages, cleaning agents and personal care products. Unilever is the world third largest customer goods company. The brands of Unilever are trustworthy worldwide and because of the feedbacks given by the people, Unilever is stated as one of the most successful customer goods/products companies. Unilever have more than 400 brands which focuses on health and wellbeing, and this is the reason why Unilever has touched so many people lives in many different ways. Unilever collection of varieties varies from nutritionally composed foods to permissive ice creams, inexpensive soaps, comfortable shampoos and everyday domestic care products and goods. Unilever also produces world-leading brands such as Lipton, Knorr, Dove soap, Axe, Blue Band and many more. Unilever is a responsible business as their supportable living strategy sets out to decouple their development from their environmental influence, and at the same time growing their social encouraging influence as well. Their plan has three main aims to achieve by 2020 which are as follows: