Description
The final project for this course requires students to use concepts from each module, answer questions about their chosen company, and complete a strategic analysis of that company in a variety of areas. Milestone drafts of your answers are assigned in several modules leading to the strategic analysis final project submitted in Module Nine. You have been hired as a consultant at the company you have been researching. This final report is an in-depth look at the strategy and corporate management based on your detailed research completed throughout the semester. This paper is designed as a full report with recommendations that the executive team will use to enhance the existing strategic management. This project is divided into five milestones, submitted in Modules One, Four, Five, Seven, and Nine (final deliverable). Main Elements Your report should include, as a minimum, the following 11 components: 1. Strategy and the Strategic Management Process at your Chosen Company Describe the industry you are investigating. Identify the company you are researching along with the mission, vision, values, and strategic plan. Be sure to answer the following questions: Describe the industry in which the company operates. What is the company’s stated strategy? Is it a winning strategy? How does the company’s mission statement compare to those of its competitors? How do the mission, vision, and values support strategic objectives or performance targets of your company? What do the mission, vision, and value statements say about the company and its leadership? 2. External Environment and Competitive Position Complete an industry analysis and a five forces model analysis including an assessment of the company's closest rival. Be sure to answer the following questions: What are the driving forces of change in the industry in which your company competes? How has your company changed its strategy to address driving forces? Where does the company stand within the industry based on the five forces model of competition analysis? Which of the five forces exert the most pressure on the company? What has the company done to relieve this pressure? What are your recommendations to further reducing pressure from these forces? 3. Internal Environment and Competitive Position Complete a SWOT analysis and a value chain analysis of the company you have chosen. Be sure to answer the following questions: How well has the company performed to stated strategic objectives or performance targets? Support your assessment with factual data. Compare the strengths, weaknesses, opportunities, and threats of the company to those of its competitors. How do the vision and values affect how the company will respond to each? What is the core competency of the company? How does this affect its standing within the industry? How has the company used its value chain activities to improve its competitive position? What are your recommendations in regard to the company’s competitive position and value chain activities? 4. Competitive Strategy Summarize the generic strategy employed by the company and how it helps the company achieve sustained competitive advantage. Which of the generic competitive strategy options is your company pursuing? Explain how your company is pursuing this generic strategy. How does it fit value chain activities specifically to support its generic strategy? How does pursuit of this strategy help your company achieve sustained competitive advantage? What are your recommendations in regard to the company's pursuit of a generic strategy or how it uses its value chain in this pursuit? 5. Strengthening Competitive Position Summarize how the company strengthens its generic strategy through complementary strategic moves. Be sure to answer the following questions: Outline what the company has done to fit its strategy to the industry and company situation. Has your company responded offensively or defensively, or both, to improve its strategic position? How? Has your company pursued complementary strategic options? Explain your answer. What are your recommendations for your company to pursue future complementary strategic options to strengthen its competitive position? 6. The Global Marketplace Summarize company operations in foreign markets and competitive advantage possibilities. Be sure to answer the following questions: Describe which method(s) has been used to enter foreign markets. How has the company gained competitive advantage through competing internationally? What are additional actions that the company could take to gain a competitive advantage in foreign markets? 7. Corporate Strategy: Business Diversification Summarize the company’s methods to diversify into related or unrelated businesses. Be sure to answer the following questions: Which diversification strategy is used—diversification into related or unrelated businesses, a mix of both or none, and/or divestiture and retrenchment? How has this helped or hurt the company? Offer a future proposal for business diversification and describe how it will help the company's strategic position. 8. Ethics, Social Responsibility, and Environmental Sustainability Summarize the corporate ethics statement, statement about social responsibility, and sustainability statement. If none exist, report what you believe are these unwritten statements or code of conduct based on what the company says about itself. Be sure to answer the following questions: Does company practice conform to its ethics statement or code of conduct? Where does practice diverge from the statement? Does the company have a comprehensive, proactive social responsibility statement? Does company practice support this statement? Does the company follow environmentally sustainable business practices? Does this help or hurt the company? How? Offer suggestions for improvement in the above areas. 9. Strategy Execution: Building the Capability to Execute Strategy Summarize the company’s strategic plan based on its internal resources, capabilities, and structure. Be sure to answer the following questions: How do the company’s hiring and training practices support its strategy? How is the company structured? Would a different structure work to better implement the strategic plan? Why? If not, why does the current structure work? Offer any additional changes that may help the company to deliver its strategic objectives. 10. Strategy Execution: Managing Internal Operations Summarize an employee’s experience within the company and its leadership. Be sure to answer the following questions: What best practices can you derive from the company? How has the company used information systems to better execute its strategy? How does management motivate their teams? Review the compensation packages of the executive team of the company. o What are the monetary and non-monetary elements of the top three executives? o Rate the company within the industry based upon its compensation packages. What future changes in these areas do you see for the company? Offer any suggestions for change in the above areas. 11. Strategy Execution: Leadership Summarize your recommendations to the CEO and board of directors on how to improve strategy for your chosen company. Be sure to answer the following questions: • What will this company be doing differently in three to five years to become more competitive based on your recommendations in previous components? (“no change” is not an option) • What do you recommend the company's leadership focus on to achieve this strategic position? Write the paper in your own words. Include your own critical analysis and remarks in the paper. If you copy and paste any quotes from the search results, make sure to put those in quotation marks and provide a citation and reference for the source. Following are general format guidelines: Cover Page Abstract (Executive Summary) Table of Contents Components (11) References Appendices Milestones Milestone One: Company Identification and Component 1 In task 1-2, you will identify the company you are researching along with answers to the Component 1 assignment questions. This milestone is graded using the Final Product Rubric (below), and you will receive formative feedback from the instructor. Milestone Two: Components 2, 3, and 4 In task 4-2, you will provide answers to the Components 2, 3, and 4 assignment questions. This milestone is graded using the Final Product Rubric (below), and you will receive formative feedback from the instructor. Milestone Three: Components 5 and 6 In task 5-3, you will provide answers to the Components 5 and 6 assignment questions. This milestone is graded using the Final Product Rubric (below), and you will receive formative feedback from the instructor. Milestone Four: Components 7 and 8 In task 7-2, you will provide answers to the Components 7 and 8 assignment questions. This milestone is graded using the Final Product Rubric (below), and you will receive formative feedback from the instructor. Milestone Five: Final Strategic Analysis In task 9-2, you will submit your strategic analysis final project. It should be a complete, polished artifact containing all of the components of the final product. It should reflect the incorporation of feedback gained throughout the course. This milestone will be graded using the Final Project Rubric (below).

Explanation & Answer

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Running head: STRATEGIC MANAGEMENT
Strategy and Corporate Management:
Kraft Heinz Company
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STRATEGIC MANAGEMENT
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Abstract
Strategic management is an essential element of businesses today. The Kraft Heinz
Company is at the forefront of developing and implementing strategies that ensure it
retains a leadership position as a leading producer of convenience foods and beverages. In
addition to leveraging state-of-the-art technology, the company relies on evidence-based
management to drive change in the food industry. In the midst of stiff competition and
strict regulation, Kraft Heinz is a formidable force that has managed to weather down
threats associated with supplier dominance, new entrants in the industry, and alternative
products to emerge victorious. The mission statement displays a commitment to help
people eat and live better supported by values in producing quality products, spearheading
innovations, and integrity. The company is on the right track to realizing more milestones
in the future if it can invest more in research and product development, strategic
relationships, and employee empowerment.
Keywords: strategy, innovation, leadership, competition
STRATEGIC MANAGEMENT
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Table of Contents
Strategy and Corporate Management: Kraft Heinz Company
Strategy and the Strategic Management Process ............................................................................ 4
External Environment and Competitive Position............................................................................ 6
Internal Environment and Competitive Position ............................................................................. 8
Competitive Strategy..................................................................................................................... 11
Strengthening Competitive Position ............................................................................................. 13
The Global Marketplace ................................................................................................................ 15
Corporate Strategy: Business Diversification ............................................................................... 16
Ethics, Social Responsibility, and Environmental Sustainability ................................................. 17
Strategy Execution: Building the Capability to Execute............................................................... 18
Strategy Execution: Managing Internal Operations ...................................................................... 19
Strategy Execution: Leadership .................................................................................................... 21
Conclusion .................................................................................................................................... 22
References ..................................................................................... Error! Bookmark not defined.
Appendices .................................................................................................................................... 25
STRATEGIC MANAGEMENT
Strategy and Corporate Management: Kraft Heinz Company
Strategic management involves strict evaluation of operational processes and
procedures to find out how effectively they contribute towards the realization of the
company’s business goals and objectives (Karami, 2007). This process is vital to all
companies competing for space in today's market, more so for those in the food industry
where competition is highest, and demand for quality remains a priority. The food industry
is highly competitive and fragmented. Among the notable players, none has the authority
to dictate prices so each must rely on their brand awareness and advertising to make sales.
This paper focuses on Kraft Heinz Company, a trusted quality food producer in the USA.
The company underwent fundamental changes following the 2015 merger between Kraft
foods and Heinz that gave rise to the world’s fifth largest food and Beverage Company.
Among the brands the company is known for include Cadbury chocolates, Boca Burger,
Air crisps, Cameo biscuits, Capri Sun juices, Honey Maid, Knox, Tang, and Kraker Bran
to name but a few. Kraft Heinz relies on strategic planning to realize its business goals,
primarily because it competes with global brands like American Lorain Corporation,
Campbell, B&G Foods, Inc., Mondel-z, and Kellogg Company.
Strategy and the Strategic Management Process
Strategic management in the company comprises evidence-based decision-making,
using state-of-the-art technology, and production of quality and unique products. Kraft
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Heinz has an aim to be the best global distributor and manufacturer of snacks and build a
portfolio of brands that people would like. To ensure this comes into reality it has
employed three strategies with broad product lines for several categories of products they
manufacture and distribute. Main strategies include cost-leadership and product
differentiation. This has enabled the company to win since differentiation has enabled it to
create custom products that would suit local markets which in return has improved
acceptance by consumers and made its product dominant in local markets. Over and above
the company’s vision to become the best food company globally even as they create a
better world, Kraft Heinz overall direction is guided by five essential values. They include
putting the customer first, producing quality products, spearheading innovations, integrity,
and taking the operations personally so that every action, every decision reflects well on
the company. It is the commitment to these values that has enabled the company to achieve
the massive success is takes pride in today. To cut costs Kraft Heinz has undergone regular
strategic review with the aim of competing with other companies in the same industry. The
mission statement of the company pledges to help people from various places on the globe
eat and live better lives. These powerful statements speak of visionary leadership that
guides the daily operations of the organization in a way that achieves their goals and
objectives. It is crucial that the leadership of the company stay committed to the vision,
mission, and values of the company more so with the advent of new partnerships and
mergers that bring in new sets of ideas and cultures. The leadership, through employee
code of conduct, aims at building global employee conduct culture that will ensure that
they will maintain their global ethical and legal matters to better their standards of
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customer service in line with the company’s vision and mission. Other players in the
competitive field also have mission and vision statements quite similar to these, American
Lorain Corporation, for instance, shows a similar dedication to produce convenient foods
and chestnut products, but what makes the difference is the strategy used to meet their
different goals and there values whose objective is to better service delivery to customers
continuously so as to improve their global position.
External Environment and Competitive Position
Grant (2014) explains the five forces of competition as the elements that determine
the intensity of competition in any given market. The writer explains that the forces help a
company understand its position of power in various business settings. Kraft Heinz
operates in an environment subject to the five forces of competition. The forces come into
play in ...
