Analysis of 2 Organizations in the Same Industry

Page 1 of 4

Analysis of 2 Organizations in the Same Industry - Page 1 preview image

Running Head: ANALYSIS OF 2 ORGANIZATIONS IN THE SAME INDUSTRY1Analysis of 2Organizations in the Same IndustryNameInstitution

Page 2 of 4

Analysis of 2 Organizations in the Same Industry - Page 2 preview image

Page 3 of 4

Analysis of 2 Organizations in the Same Industry - Page 3 preview image

ANALYSIS OF 2 ORGANIZATIONS IN THE SAME INDUSTRY2Analysis of Hershey Company and Thorntons Company in theConfectionary IndustryQuestion 1Legal Environment in which Hershey Company and ThorntonsPLCCompanyOperateHersheyCompanyoperates under the legal system ofPennsylvania, North America.Thecompany conformstogovernment regulationsby submitting annuallycompliance reports tovarious regulators within the country.In addition,Hershey’s Code of Ethical Business Conductapplies to everyofficer, director, and employee. This code addresses a number of issuesemanating fromconflictsof interest, workplace diversity, supply chain management, andantitrust to fair trade (“The Hershey Company Corporate Social Responsibility Report,” 2009,pp.11-12).On the other hand, ThorntonsPLC Companyoperates under thelegal system of UnitedKingdom(UK). The company conforms to state laws and regulations by using a formal processin its planning activities, which stirs long-term goals attainment. Development reviews andmanagement performance are conducted each financial year inorder to abide by state laws. Inaddition, the company abides by the UK Corporate Governance Code whereby its board ensuresthat the organization meets the provisions outlined inSection 1 of the code (Thorntons, n.d).Social Environmentin which Hershey and ThorntonsOperateHershey Company has a school by the name Milton Hershey School in which itnot onlyconducts its business through direct partnership but also reaching out to both parents andstudents.Forinstance,various plants and departmentswithin the companyhost career tours and

Page 4 of 4

Analysis of 2 Organizations in the Same Industry - Page 4 preview image

ANALYSIS OF 2 ORGANIZATIONS IN THE SAME INDUSTRY3daysin the school. Inaddition,students from the schoolare offered internships at the company.Through the company’s “Project Fellowship” program, employees, in their various groups pairup with students’ parents for establishing mutual and fun relationships.The project fellowshipprogram enhances the realization of global experienceas well as establishing strong role modelsto the students (Hershey’s, n.d).Thorntons Company is actively engaged in raising money to support children charityprograms. For instance, in 2011, the company’s staff raised $ 81,445 to support needy children.The money included pension from suppliers and staff who participated in the London marathon,centenary celebration events conducted during the year, andcollections from Charity FootballDays that were conducted at Derby County’s football ground on several occasions. In addition,during festive seasons of the year, chocolates from Haiti were sold with 90% donation, raisingmoney for the programme SavetheChildren of Haiti who involved in earthquake incident. Thecompany’s Own Stores supportlocal charitable activities (Thorntons, n.d).Economic Environment in which Hershey Company and Thorntons CompanyOperateHershey Company operates in an economic environment governed by two indexes. Theyinclude Sustainable Asset Management Index and Dow Jones Index. These indices are referredto as The Dow Jones Sustainable Indexes.Hershey is committed to conducting its businessin aneconomically responsible manner that conforms to these indexes. Through this, the company hasmanaged to realise its business objectives, obtaining tangible results that support and help itsglobal business growth.Besides, the company is committed to Corporate Social Responsibility(CSR) and its long-term business objectives, which contribute to realisation ofpositive businesspractices making itranked as one of the best companies in Dow Jones’ list of classical

Preview Mode

This document has 12 pages. Sign in to access the full document!

Report

Learning Tools

Writing Tools

Browse Resources

Analysis of 2 Organizations in the Same Industry - Page 1

Study Now!

Document Details

Related Documents

CIS 337 Unit 7 Assignment Final Project Part IV Pr

Analysis of Leadership in Monster Inc

Evaluation of Alphabet's Mission, Vision, and 8-29

Boundless Management

Uncovering the Martha Stewart Tax Scandal Insider

Boundless Business

JetBlue Airlines Case Analysis

Effective Speaker Notes Template for BUS 210 Prese

Leading as a Function of Management

McDonald's Q4 Earnings U

Company

Explore

Study Tools