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Ben and jerry business case study
Ben and jerry business case study
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When two childhood friends decided to go to a $5 course on ice-cream making in Penn State, little did they know that course would soon change their lives forever. After making a $12,000 investment, Ben Cohen and Jerry Greenfield opened Ben & Jerry’s Homemade Ice Cream Parlor in Burlington, Vermont in 1978. Since its inception, Ben & Jerry’s has not only been a force to be reckoned with, but what has made them particularly special is their genuine care for the planet, people and profit. Their devotion to the environment is visible through the promotion of their business practices, culture and their commitment to their product mission. The way Ben and Jerry have handled their business is through the continued use of sustainable practices throughout …show more content…
These community-based projects improve the quality of life for the environment, without making supporters feel like Ben & Jerry’s is completely worried about helping with an expected monetary return on their investment. The company displays their love for the community through social media shutouts, sharing photos of hard-working employees enjoying their job, engaging the community on national topics like same-sex marriage and more. The company also uses their pre-tax profit to distribute over one and a half million dollars annually to provide grants to organizations, specifically targeting Vermont, their hometown and others across America. The corporate social responsibility actions the company has taken thus far has not only benefitted the company by displaying a positive public awareness image, but also benefits the community by helping those in poverty situations, rewarding positive behavior from volunteer community service projects and uniting supporters for a common cause. Ben & Jerry’s has consistently gone above and beyond to prove that it is more than just ice cream that attracts fans and continues to keep loyal …show more content…
In his adolescent years, he began working and using a horse and wagon that carried his family’s homemade ice cream for over 30 years where he sold to surrounding neighborhoods, restaurants and small candy stores. It wasn’t until 1959 when he was inspired and came up with a company idea. At that time, ice cream was becoming less and less inexpensive and that’s when Reuben decided to go the completely opposite way and create a higher-end ice cream. He decided to come out with an ice cream using all-natural, high quality ingredients that resulted in making the cost more expensive. To coincide with the expensive price tag, he came out with the name Haagen Daz which gave it a foreign, luxurious name that played a big part in its
Starbucks selection for CSR parallels that of its menu, extensive yet counterproductive. They brandish programs such as sustainable farming, career opportunities as well as other local community programs; essentially investing money in programs for other people to operate. Even companywide programs such as career advancement and achievement, ultimately only goes as far hiring a diverse group of individuals and offering tuition assistance. Adversely, Dutch Bros. is committed to positively impacting every community they infiltrate; whether it be through community service or simply by being that silver lining in someone’s day. In order to ensure this culture continues, Dutch Bros. only franchises within the company, “Dutch Bros., based in Grant Pass, Ore., only hires and promotes only outgoing optimists committed to customer service. No bad tempers allowed” (Adams). With this model, a college dropout can potentially own their own business as long as they are genuinely, salt of the earth, model citizens. In a world, where big corporations throw money at a problem and call it social responsibility, Dutch Bros. and their ability to impact a community in such a positive manner, is truly a breath of fresh
The need among Americans to be diverted in ever more imaginative ways -- through high-thrill parks, virtual reality arcades, and theme restaurants, plays right into the hands of Dave Corriveau and Buster Corley, co-founders and CEO’s of Dave and Busters. The duo’s 50,000 square foot complexes include pool hall, an eye popping, cutting edge midway arcade, a formal restaurant, a casual diner, a sports bar and a nightclub rolled into one sprawling complex. In business since 1990, this is a high energy, highly efficient operation that’s comparable to a Vegas extravaganza. As a matter of fact there are even “for fun” cashless blackjack tables, with fake $10,000 chips. Pricey, but not outrageous, and you get value for your money.
Today, Ben and Jerry's has expanded into a multi-million dollar business, and continues to open franchises throughout the world. Maintaining their commitment to "share the wealth," these two business men have supported many charitable organizations including " 1% For Peace," "Support Farm Aid," and "One World, One Hear Festival," (1)
Based on the operating cash flows to current liabilities, Walmart takes the lead. From fiscal 2012-2016, Walmart has consistently had a higher percentage of cash to cover its current liabilities. Kroger usually did better than Costco over this same period except for fiscal 2013, but even in this year Kroger and Costco were pretty much neck and neck. The five year averages for the operating cash flows for Walmart, Costco, and Kroger were 38.85%, 25.11%, and 31.89%, respectively.
P&G was founded in 1837 by William Procter and James Gamble as a maker of soaps and candles. P&G was known in Corporate America as a company to be admired and imitated. In addition, it was envied for its profitability as well as strong brand name. P&G has a long standing reputation as having life long employees. This dedication and loyalty by P&G's employees created the notion that outside sources were unwelcome and all products and ideas must come from within, however, this is not the way of the future.
In 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed “$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a week…(and as of 1999) it became the first (private-sector) company in the world to have more than one million employees.” Why? One reason is that Wal-Mart has continued “to lead the way in adopting cutting-edge technology to track how people shop, and to buy and deliver goods more efficiently and cheaply than any other rival.” Many examples exist throughout Wal-Mart’s history including its use of networks, satellite communication, UPC/barcode adoption and more. Much of the technology that was utilized helped Sam Walton more efficiently track what he originally noted on yellow legal pads. From the very beginning, he wanted to know what the customers purchased, what inventory was selling and what stock was not selling. Wal-Mart now “tracks on an almost instantaneous basis the ordering, shipment, and delivery of literally every item it sells, and that it requires its suppliers to hook into the system, enabling it to track most goods every step of the way from the time they’re made and packaged in the factories to when they’re carried out store doors by shoppers.” “Wal-Mart operates the world’s most powerful corporate computing system, with a capacity (as of late 1999) of more than 100 terabytes of data (A terabyte is 1,000 gigabytes, or roughly the equivalent of 250 million pages of text.).
In addition to being environmentally responsible, New Belgium Brewery is responsible to the community through philanthropic efforts (Ferrell and Hartline, 2014). The most important reason that New Belgium Brewery has a competitive edge is its commitment to the community. New Belgium Brewery donates to each community it distributes its products. According to the case study, New Belgium Brewery believes that giving back to the communities that support and purchases its products is a way for them to be a local company and garner company loyalty (Ferrell and Hartline, 2014). New Belgium Brewery has a unique perspective in how the company treats its employees. New Belgium Brewery desires for its employees to be involved in the community as well as the company and reward its employees for doing so. New Belgium Brewery commitment to being a responsible company is its recipe for success. Being socially responsible, being environmentally responsible, being responsible to the community and society, and being responsible to its employees create a marketable competitive advantage for New Belgium Brewery over its competitors and allow New Belgium Brewery to continue to experience industry
The name says it all, Cheesecake Factory. Who would not want to go somewhere where
SC Johnson is in a very familiar arena for companies who have decided that the best approach to community support is through social contract. For me, I expect for large corporations to take part in social, political and environmental issues. Not only that, but there is an expectation for corporations to reinvest and to help struggling people to meet their basic needs. Corporations such as SC Johnson can show their concerns with struggling communities and appreciate the kickbacks while showing that it recognizes the value in giving back to these struggling communities.
Ben & Jerry’s is an American Company that manufactures ice cream, frozen yogurt, and sorbet. It is considered one of the 6 socially responsible companies according to a site called ‘Classy’. Since the 1980s, the business has supported important causes which is targeted towards the production of the ice cream. The company has created the Ben & Jerry’s Foundation for employees to give back to their communities and grant justice programs. ‘The Vermont Dairy Farm Sustainability Project, which was launched in 1999, was used to develop methods that could be used for daily operation while keeping the quality of the ingredients fresh and also keeping the farm a sustainable business. In 1989, the company
Social Responsibility Initiative: To show a local social responsibility, the stores donate the leftover pastries and snacks to local old age homes or community
S – Even after 54 years Domino’s greatest strength has been sticking to its original values, the very ones that have made it a top company since its founding: delivery speed, operational transparency, and responsiveness to customer wants and concerns. Since the beginning Domino’s top focus has been on the customer and his or her experience. By providing a simple, inexpensive, and convenient pizza option, Domino’s has been able to remain a top competitor in its industry. Over the years they have expanded their menu, going beyond the pizza box, to answer desires for additional food options such as pasta, subs, and chicken wings, as well as dessert options. This way they not only attract your everyday pizza eaters, but also can appeal to the lunch crowd as well as families looking to have a full meal equipped with appetizers, a main course, and dessert all for a low-price. Domino’s is able to remain on top due to their heavy presence in the United States as well as internationally. Domino’s also posses the ability to quickly adapt to the changing trends. With the world becoming more and more technology driven, services such as the on-line ordering website, iPhone-app, and pizza tracker, Domino’s has been able to hold its own in the ever changing world, constantly delivering a quality product at top speed.
At Starbucks Corporation, we have always given major importance to our CSR strategies and the impact of our projects in the process of betterment of the community. It is our goal to not only be the world’s renowned coffee brand, but to also be the organization that implements the sense of ethical and sustainable business practices into each and every one of our business partners and our employers.
McDonalds has always been a leader in the fast food industry. Through its dynamic market expansion, new products and special promotional strategies, it has succeeded in making a name for itself in the minds of the target customers. However, McDonald’s earnings has declined in the late 1990’s and 2000s. This is mainly due to a fiercely competitive industry and variety in customer tastes and preferences.
Ben Cohen and Jerry Greenfield, the founders of Ben and Jerry's, gave the firm a very specific spirit. While the majority of corporate managers were under constant pressure to meet their shareholders' demands, Ben and Jerry were quite the opposite, frowning upon traditional business biases based on short-term interests and large profits. Initially, their quick business growth frightened them, as they both thought about severing ties with the fast growing company. However, what was supposed to be a threat to their ideals turned out to be a way to strengthen their campaign for social change. It was through their social ideals that they introduced "caring capitalism", a philosophy which spread throughout a host of educational, environmental and social events. The founders did not place emphasis on cash, equipment and inventories; the "tangible assets" of the firm. Instead, the...