Hershey Essay

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Challenges in the Global Business Environment: The Hershey Company
The Hershey Company manufactures chocolate products and other non-chocolate confectionary products, in addition to this, the company produces gum and mint category products; the company originated from candy-manufacturer Milton Hershey’s decision to produce sweet chocolate that acts as a coating for caramels. Hershey Company is located in Pennsylvania and it began producing milk chocolate in 1900, the chocolates came in the shape of bars, wafers among other shapes; the company went into mass production and through this it was able to lower the per-unit cost and made chocolate from milk, this was considered a luxury item for the rich. With the low-cost and high quality milk chocolate, the company increased its production facilities by building new factory and by 1907 it began producing chocolate candy that were flat-bottomed made from conical milk.
The company’s name got changed in 1968 to Hershey Food Corporation and it expanded its …show more content…

One of the top agendas of international development is corporate governance making it an important aspect of the world’s economy; currently the modern legislation of corporate governance is based on experiences that are vast with practices that are good and corporate scandals from various countries, therefore, they present governance standards for companies that are accepted by stakeholders. Complying with modern legislation is important for companies and governments because they assist in economic growth, attraction of investors and avoidance of lawsuits and scandals in corporations (Eierle et al, 2007, p. 736). Compliance with modern corporate governance legislation by the federal government and implementation of corporate governance principles were presented using score cards that are listed on stock

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