New Belgium Brewing
Every beer has its unique flavor as well as history. Each brand has its distinctive logo and marketing plan. New Belgium Brewing Company, founded in 1991 in Fort Collins, CO (Reid & Gatrell, 2015). In 2015 the company was the fourth-largest craft brewery in addition to the eight largest craft breweries in the United States. New Belgium’s employee-owned culture is a competitive advantage and the most important cornerstone of the company’s strategic focus. Employees are the hallmark of any organization being successful. Employees who are part owners in a business contribute to the bottom-line in addition to being more innovative to generate profits. The more revenue the company generates, the more money they will have as owners.
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Engaged employee focuses on the firm’s resources, strengths, and capabilities vis-a-vis competitive, customer and environmental issues (Ferrell & Hartline, 2014). Danielle McLaron, CPA, Director of Finance and Accounting at New Belgium Brewing mentions the importance of the employee culture that sets their Brewing company apart from the rest. Employees respect one another, listen to each other, seek information and care about the enterprise. (Amato, 2014). New Belgium Brewing is 100 % employee owned who practices, transparency among the organization. They share financial information with their employees. Honesty and integrity are part of their mission statement. Kim Jordan, who founded New Belgium Brewer along with her ex-husband still stay true to the ten core values and beliefs: One, remembering that they are incredibly lucky to create something fine that enhances people's lives while surpassing their consumers' expectations. Second, producing world-class beers. Third, promoting beer culture and the responsible enjoyment of beer. Fourth, kindling social, environmental, and cultural change as a business role model. Fifth, environmental stewardship: honoring nature at every turn of the business. Sixth, cultivating potential through learning, high involvement culture, and the pursuit of opportunities. Seventh, balancing the myriad needs of the company, their co-workers, and their families. Eighth,
By New Belgium considering opening a third brewery, all the options needs to be accounted for and thought out carefully. The company needs to promote strategic planning in order to decide if opening a third brewery is a good business decision or not. A strategic plan helps identity the internal and external elements that can benefit or harm the company (Ferrell and Hartline, 2005, p. 29). Therefore, the strategic planning will help identify the major issues that need to be considered such as the pros and cons of the new brewery. The pros of opening a new facility are reasons why the brewery should open, so we will discuss those ideas first.
Hockley has gained widespread recognition through its Dark Ale. The microbrewery enjoys a solid relationship with and sell all five varieties through the LCBO, while it stocks the Dark Ale and taster pack in the Beer Shop’s boutique store. However, Light beers have been outperforming Hockley’s flagship dark ale. Entering the light beer market would create new rivals.
Stemming from New Belgium’s founders Jeff Lebesch and Kim Jordan’s initial inspiration, values and beliefs, the brewery’s operations are centered on a number of key elements. Based on those core values, some of the driving forces behind the company’s operations are environmental responsibility and stewardship, a fun and high involvement culture in their workplace, producing world class beer, and promoting environmental & social change. New Belgium is a company that deeply cares about customer satisfaction, as well as the overall quality that goes into each and every bottle of beer that they produce. Though they have come a long from brewing in a basement in Colorado, New Belgium still retains consistency with producing fine craft beers at a
Warby Parker, a cool, trendy eyewear company follows a simple “do good” corporate policy, which shapes how their employees interact with each other and customers. This extends beyond the workplace; Warby Parker donates a pair of glasses to an underprivileged community for every pair of glasses purchased. The young company has four pillars in their culture code, which consists of treating employees well, facilitating a creative, fun workplace environment, volunteering, and going green. As they put it, it’s nothing crazy.
As a group we believe that New Belgium Brewery (NBB) is a socially responsible corporation. Social responsibility is an ethical framework where corporations should embrace economical, cultural, social, and environmental issues ethically and susceptibly (imasocialentrepreneur.com, 2015). Firstly, as a corporation, NBB believes that the synchronization of what a “brand says,” and what a “company does” is the stepping-stone in achieving social responsibility (Ferrell, Fraedrich & Ferrell, pp.436). This mandate helps New Belgium Brewery emphasize that as a company, being able to integrate the company’s code of conducts and core values is what will make the company successful.
Chouaib Elhajjaji Written assignment 3:“Corporate Culture at Herschend Family Entertainment” pages 318 – 320 (Questions 1-5) Due Date : Wednesday 25 November , 2015 GRADE_________________ 1-The characteristics of corporate culture elaborated in this chapter were the following. Corporate culture is shared, a provider of guidance, a provider of meaning in the organization, top heavy, a constellation of values, a dynamic constellation of values, organic, inclusive of life values. Choose three of these characteristics and show how the culture Manby promotes at Herschend Family Entertainment relates with each one.
BACKGROUND The external environment Beer consumption around the world continues to fall. As GDP in poorer countries rise, people use their rising income to buy more beer. (The Economist Data Team, 2017). But when GDP per person reaches around $27,000 in a country, people spend money on more expensive drinks or become more aware of health risks and limit personal consumption.
ENVIORNMENT Kellogg is a company with great control over its internal and external environment. The following table shows the of Kellogg’s environment. Internal environment The internal environment in Kellogg’s consists of the information systems, organizational structure, the management styles, the various brands and how their life cycles are managed and the behavior of the individuals. Kellogg has a 22 person Senior Management Team, 46 next level key members.
These people mentioned above are those who have been directly contributing something in order to help achieve or provide something to the company in form of capital, inventory, and efforts. *Internal: Within the organization. *External: Outside the organization. 1.
Expanding the Board of Directors to include members with community and environment expertise will provide useful viewpoints on how to contribute to the environment and community within the company’s capabilities. Meaningful contributions to the environment and community will strengthen the company’s reputation and image, which can lead to financial gains. The board of directors should take action to amend corporate governing documents to require the consideration of employees, community, and environment or other legal action to preserve the mission. These documents ensure the company’s purpose through its lifetime, which would show a commitment to your mission, and would improve your B Impact Assessment score by 7.5 points. We believe the additions to the board of directors and the legal documents to protect the mission of the company can be accomplished in the short-term and will have extremely positive impacts for everyone involved in the company and its
Heineken owns and manages one of the world's leading portfolios of beer brands and is one of the world's leading brewers in terms of sales volume and profitability. These following Tables Exhibits some of the major acquisition and partnerships with other brewery companies made by Heineken past years (2004 - 2010) around the world. These acquisitions are key economic factors that help to drive Heineken to build the long-term future of Heineken brands and business. Also acquisition of other breweries and made partnerships with other brewery companies ensure to improve financial performance and distribution strategies that create values for the
Beer lovers give unique stories and interpretation in attempts to define craft beer. The Brewers Association gives a definite meaning of craft beer. According to this parent organization of brewers, craft beer is small, independent and traditional beer as outlined in this article. Unique features of craft beer The most unique feature of craft beer is that it is prepared by an independent and small brewer that derives its flavors from innovative and traditional brewing ingredients. These ingredients are mainly obtained through the process of fermentation.
Since our company established, our company business philosophy: customer-centric, integrity in business world, social responsibility. In order to make the company grow up faster, our company has introduced new decisions every year. Our main social stakeholders include: customer, employees, suppliers and communities. These stakeholders are directly affected by the operations of our company as well as the environment. 3.1 Customer
Social pressure on drinking and driving, increase in the drinking age and healthy diet propaganda make this business not attractive. There are Big Three companies, which held 77% of the market and combined with them Top 10 that held cumulatively 93% of the beer shipments in 1994. The rest 5.3% were shared by industry shipments and 1.4% by craft brewers. Recommendation: The market is overall attractive and new entrants will have good chances to succeed. In proof, there is a fact that Major Domestic Producers try to reposition to the specialty segment investing in existing craft brewing companies.
People tend to be productive if they are confident in what they do (Tate, 2015). Having many individuals with their developed core values lead to a group of power. With a sense of contrast, the world relies on every individual, just like a company having its employees. These core values are at the heart of every successful organization. These lead to a strong corporate culture with staffs guided with principles.