An analysis of the success of Hershey Company's management style, structure and oversight.
Written in 2008; 1,583 words; 6 sources; MLA; $ 51.95
Paper Summary:
This paper analyzes the company management philosophy and style of the Hershey Company (Hershey). It describes Hershey's corporate citizenship, as well as its corporate structure and orientation. The paper shows how Hershey's management style, structure and oversight have been effective throughout its history. Finally, the paper shows how Hershey's success can be attributed to its religious focus on ethical leadership and guidance, based on the spirit of philanthropy.
Table of Contents:
Company Overview
Management Philosophy
Corporate Citizenship
Corporate Structure and Orientation
Conclusion
From the Paper:
"Hershey is a top down management style enterprise. While it likes to emphasize that its employees are empowered and that its corporate culture is one of inclusion, most public companies in the current business climate cannot afford to be a bottom up managed company. The corporate structure at Hershey is typical in that it is overseen by an independent Board of Directors (BoD) who, "together with the Compensation and Executive Organization Committee, monitor the performance of the CEO"("Company"). This degree of oversight extends into the company's operations as well. The BoD review the corporate strategic plan annually in order to ensure that the company's corporate strategy is appropriate for the market and emerging market developments ("Company"). Additionally, public companies are further restricted in their managerial latitude by reporting and oversight requirements of the Sarbanes-Oxley legislation. Sarbanes-Oxley essentially creates another added layer of bureaucracy within public companies because of the compliance and cost issues associated with meeting Sarbanes-Oxley regulatory requirement."
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