LO3 Be able to produce information in appropriate formats for decision making in an organization context 3.1 Demonstrate collected data and information through various graphs using any statistical software e.g. spreadsheet Using spreadsheet, decision makers record their information in rows and column so that data can be presented in graph using MS excel. For quick review of information and easy understanding, business organization uses spreadsheet line. Now, spreadsheet line, pie chart, bar chart will be used to analyze information. Question for the CR Which food you like in the restaurant CR has targeted almost all classed people as their target customers. On this basis, they have manufactured their products. From the product analysis, …show more content…
Although, they are admitting that Heinz’s products’ quality is high, their promotional strategies are good enough and customer services are satisfactory, still there are some factors that are manipulating their opinion and letting them to go against their favor. Do you enjoy to have the French food? Yes No 55% 45% There is no doubt about the products’ quality and standard of Heinz business organization. They are always about the health value, using nourished ingredients in manufacturing and they keep their manufacturing unit nit and clean always. French food has got good demand on market. Do you agree? Yes No No comment 30% 57% 13% It is very shocking news that Heinz’s products does not have high demand in the market although their products’ quality and standards are very high. What are reasons have to be identified. Question 06: What are the major limitations of the organization? Points that have answered by the participants are: Heinz does not have any unique value in the market, their products’ prices are comparatively high in the market, there are lots of alternative products in the market, they do not care about the standard of living of market people and customers etc. Question 07: How the organization can overcome their limitations? The recommendations that the market people have provided are: Heinz has to lower down their products
47 percent of the consumers feel that the price should be reduced which would be a sort of the compensation for them for the breach of the trust by Nestle.
When people look at this, they think that Heinz ketchup must be healthy, fresh and organic because that is what the picture of freshly cut tomatoes makes them think. We associate freshly cut fruits as being healthy so people might think eating Heinz ketchup is healthy because that's what the picture signifies. This advertisement "redefines the ingredients in ketchup by transforming the bottle into a healthy fruit", even though ketchup is actually packed with lots of sugar and preservatives. In this way advertisers know how to make us think about their products in a certain way based on the signifier and the signified that we as humans have
quickly generate the reports and graphs of long statistical data by using different analysis variable. This helps the user to get the desired outcome in short span of time with less use of computing skills and knowledge which means the user doesn’t have to be a computer genius to get the reports that are necessary for the decision-making.
You are all interested in something. Explore the literature (magazines, books, web sites, etc) for your interest area and find an example of the use of graphical statistics. I suggest a Google search using the Images option, and select some interesting and visual display of data. Identify the related materials that support the graphic and containing some form of statistical analysis and/or display. Review your materials using the framework offered below.
● Kraft had the possibility to cop a lot of negative comments towards the products
Heinz manufactured products in three categories: Ketchup and Sauces, Meals and Snacks, and Infant Nutrition. Heinz’s strategy was to
The implied bottle of ketchup in the advertisement showcases the content simply and straightforwardly. Additionally, by using the word “grow” in accompaniment with the image of fresh tomatoes reinforces the idea that Heinz ketchup is fresh and healthy. Through the iconography of the ketchup bottle, the advertisement shows the viewer that Heinz is a fresh, clean, and healthy
There are many ways to present the collected data. The information should be presented in a way that is visual to the user of analytical software. This can be done using spreadsheets, charts or graphs.
Q7: Create a bar graph or pie chart of the data you have collected. For example, you could create a bar graph that shows the employee turnover rate in organizations that do offer flexible work arrangement compared to organizations that do not. Alternately, you could create a pie chart that shows which types of flexible work arrangement workers want the most.
J.Heinz Co. & Milnot Holding Corporation, 2001). They determined that the two companies aggressively competed in the wholesale market in an attempt to gain accounts by methods of fixed trade spending, offering allowances to new stores and paying retailers to display their products in prominent shelf areas. The FTC also believed that by creating s duopoly the merger “could afford both the opportunity and incentive for both firms to coordinate to increase prices” (Federal Trade Commission, 2000). Based on these findings the request was not accepted and after the appeal was denied in the Appeal courts the merger was terminated. “If the merger went through. Heinz and Beech-Nut combined would have represented about 24% of the nation's prepared baby food category, compared to Gerber, which has a nearly 73% market share” (Murray,
The taste, cost and convenience are the biggest factors in determining what people want to put into their bodies. To be cost effective, companies that produced French fries switched from peeling their fresh potatoes to reheating frozen French fries. Resulting in making French fries one of the most popular items on menus. By cutting the cost to produce the product, they cut the selling price as well. This results in French fries being more openly available to more people and by being at such low prices, people are keener to buy French
Kraft and Heinz, as two iconic brands, are famous for packaged cheese, and high quality packaged ketchup and baby foods respectively. Additionally, Kraft is facing some low quality issues now. However, Kraft needs to innovate into more natural and organic products which are different from its supply chains to meet consumer demands. Thus, it is a challenge for the new company to make consumers accept these innovated products, especially the iconic brand, Kraft, is facing is “healthy and safe” problem as
The first and the foremost thing that Nestle should do is to educate the audience about what wrong has been done through television and newspaper advertisements and active communication with the consumers through media. They can’t remain conservative at this point and need to reply to media. Only through this can they salvage their image.
Political factor is important especially in food industry. From here, Nestle has provided food assurance to ensure to the consumer that their products are manufactured and distributed under the safety condition. Besides, Nestle products are always come with the seal of guarantee, it is to prevent consumer purchase any fake products. Therefore, Nestle product quality can be different from other products, and guarantees with full satisfaction of the products all over the world.
For over 100 years, Kraft has been innovating products to meet the needs of the changing consumer, their ability to remain at a global leader stems from the constant focus on the consumer. Kraft foods has had various names throughout its existence, but the one constant that has always remained is that at Kraft meeting the needs of the people comes first.