Within our global economy, the environment is constantly changing. Management must account for these uncertainties when planning the strategic direction for their company. Examining the external environment, surrounding an organization will assist leadership in identifying uncontrollable behaviors that may impact operations. External environmental analysis tools assist business in mitigating future threats and leveraging opportunities. This paper will use SLEPT analysis to throughly assess the external environment of McCain Foods, and discuss the strategies followed to overcome the obstacles. External Environment According to Kukalis (2009), corporate social responsibility has become a major concern to stakeholders around the world. The crash …show more content…
when people have more money than time, convenience becomes a priority. McCain responded to this challenge by producing a variety of ready made products ranging from potato wedges, french fries, roasted potatoes, and oven chips. McCain Foods may want to consider the actions of their competitors, as well as, product sales comparisons to see if they are offering too much of a variety. Political On the political front, the United Kingdom has joined the campaign for healthier eating. This has increased the pressure on food suppliers to produce more nutritious items. The government as even started an initiative called "Healthy Schools" to encourage students to make smarter food choices. McCain supports the government's program by reiterating their potato products are healthy and made simple (How McCain responds, 2014). McCains Foods may want to consider forming a partnership with school systems around the United Kingdom to get their products as substitutes on cafeteria menus. They may also consider doing an ad campaign with Jamie Oliver or independently showing support for the government initiative.
Overlooking negative social and environmental externalities when valuing a company might be equal to ignoring significant tail risk. The risks related to CSR could be grouped into three categories: corporate governance, environmental aspects, and social aspects. Companies that adopt the CSR principles are more transparent and have less risk of bribery and corruption. In addition, they may implement stricter and, thus, more costly quality and environmental controls, but they run less risk of having to recall defective product lines and pay heavy fines for excessive polluting (Palmer, 2012). They also have less risk of negative social events which damage their reputation and cost millions of dollars in information and advertising campaigns.
Supermarkets are using a variety of methods to increase profits. Marion Nestle, a teacher of food and health studies at New York University, wrote the article, “The Supermarket: Prime Real Estate,” to put the tricks of the super market industry into perspective. Nestle earned a PhD in molecular biology and a Master of Public Health from the University of California, Berkeley. She has written many different pieces on food and politics, making her knowledgable on the topic. Through her article, Nestle hopes to “guide readers to make healthier food choices.”
Have you ever wondered if you could ever change the school lunches in the Public schools? Well you’re not the only one, many other people thought about changing the way you eat at lunch and started to change it. Some trials have failed but some have succeeded at the trail for their public school. But some administrators what it to come to all schools, for the fact that they are losing money because kids stopped eating lunches at school.
Have you ever wondered how the government controls your school lunches? The government controls your school lunches by wisely choosing highly nutritious meals by having many fruits, vegetables, banned unhealthy things, helped children in poverty, and they also created a lunch act. They also balanced out the foods from all five food groups and they have reduced overall fat content by serving more vegetarian main courses, less beef and pork, and fewer fried foods. They have put more of a variety of dishes by serving pasta and tacos and have helped families with low incomes by reducing the costs or having no costs at all for families who qualify. Every school meal is required to meet the dietary guidelines.
Another unfortunate reality of this is that there is a severe lack of healthy options when it comes to food choice in the cafeterias. This is due to inadequate public funding for the school meal plans and with this under funding the schools must purchase cheap, frozen and fatty foods that is given to the children every day. Michele Obamas recently created a “Let’s Move” campaign which focuses on this issue which has had some success in implementing change into school’s meal services but at the same time made it that schools are unable to serve large quantities of food. The food would also go bad sooner and in turn cost the school considerable amount of
At the pre-adolescent age, children are looking for guidance and are more malleable and easier influenced than later in life. What about we get all of these celebrities to advertise veggies, fruits, and fiber based food. With the induction of president
Parents need help from the government to help make changes in the environment that children grow up in. such as, limiting the unhealthy advertisements targeted at children, creating safe places for children to place and exercise, and encouraging parents to prepare nutritious meals for their children as opposed to fast food (Childhood Obesity). Interagency Working Group has started making a difference by setting recommendations for foods advertised to children. They also would like to make
Introduction Economic dogma states that the main objective of publicly traded firms is profit maximization. In modern times, most companies have been conducting business with that objective in mind. In the process of maximizing profits, irrefutable damage has been inflicted to the environment and also to human capital. Rimanoczy (2015) referring to the maximization of profits expressed, "Focusing on the bottom line as the ultimate priority has had an impact on rising unemployment, social crises, environmental challenges, health impacts, to name a few " (para. 4). Different scholars have proposed several methods to integrate the needs for profits with corporate social responsibility; in this context, John Elkington developed a new approach to measure corporate sustainability denominated the Triple Bottom Line.
As Ben and Jerry’s grew, the company realized it could make tremendous changes in society by using its influence to help others simply by giving higher wages, sonating money and spreading awareness.
Eden Foods is the oldest natural and organic food company in North America. They began as a co-op grocery store in the late 1960s in Ann Arbor Michigan. Eden Food led the way of providing natural foods to consumers during a time organic food was simply not available. It was originally a nonprofit, but became a for-profit company in 1970. Shortly after, Eden Food’s began importing Japanese foods, in addition, to their current local products.
Markowitz’s innovations made food industries realize that each consumer has a different desire in taste and in result, they need to increase their product’s choices. For instance,
On top of that, food technology is also one of the dynamic technologies in the modern economy. When there a technological change to rise the production speed, quality of food and so on, McCain may need to make a research to know how to catch up that development. To get the perfect research, McCain might be able to spend lots of money for the research, buying new technological products and hire the professors. Besides that, McCain also need to train their employees to know how to adapt with the new technology. the development of new technological technique is very necessary to take the new step on increasing the production.
External Environmental Analysis PESTEL: Apple has a significant presence in the Asian markets in terms of contracted suppliers and through high magnitude of sales. This leaves Apple susceptible to significant political and economic risk both internationally and within the United States. As global economies adjust to political influence, threats of civil unrest and natural global disasters Apple will be affected by exchange rates, unemployment, supply shortages which impact on production costs, and ultimately a downturn in sales (Khan et al. 2015).
Locally-grown food was the No. 1 choice on the top 10 list of menu trends, according to the National Restaurant Association. (SCOPE) Oklahoma State agriculture student Macy Mertens, attributes the recent rise in food-consciousness to technology and the accessibility of information that comes along with it. “With
2.0 External Environment The external environment consist of forces and factors that affect the business and its operations both directly and indirectly. It also plays a critical role in shaping the future of entire industries and those of individual businesses (Teik, 2013). To keep the business ahead of the competition, companies must continually adjust their strategies to reflect the environment in which their businesses operate. So, it is crucial to analyze the external environment to gain a better understanding of factors that influence the company’s operations and forces that can hinder succesful strategy implementation.