Product Manager Report for Heinz Tomato Ketchup
Paper 1:
I am the marketing manager for the H. J. Heinz Company’s tomato ketchup, which is a spicy, thick tomato sauce. Tomato Ketchup is used for hamburgers, French fries, spaghetti, sandwiches, and grilled or fried meat. . The Heinz company has a long history. The German-born Henry John Heinz founded the company in 1869 in Sharpsburg, Pennsylvania. The company’s first product was horseradish, followed by pickles and tomato ketchup. Through the course of time, the company often changed it names and heads. Today we sell 1,300 products worldwide, do business in 200 countries with 41,000 (2005) employees and have a revenue of 8.643 billion USD (2006). Today, the
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Heinz’s slogan “57 varieties” reflects the diversity of brands of the H. J. Heinz Company. The company markets a wide variety of products that can vary from country to country. Our international market includes the Netherlands, Italy, Canada, United Kingdom, Australia, India, Portugal, Belgium, Venezuela, Zimbabwe, Spain, Russia, and New Zealand and offers other products than in the United States.¹ Examples of product variation are found in the table below:
BRAND DESCRIPTION COUNTRY
- ABC soy sauce soy sauce brand Indonesia
- Bagel Bites frozen snacks USA
- Black Tie Hors D’oeuvres and Desserts dessert and hors d’oeuvres USA
- Brinta porridge Netherlands
- Boston Market frozen meals and side dishes USA
- Catelli pastas and sauces Italy
- Classico premium sauces Italy
- Complan milk food drinks India
- Delimex Taquitos, Tamales, Quesadillas Mexico
- Del Monte Shareholders own 75 percent USA
- Farley’s baby products, United Kingdom
- Greenseas tuna products Australia
- Glucon D energy drinks India
- Guloso tomato taste dishes Portugal
- Heinz Adds Flavour
- Heinz Baked Beans different flavours, for kids
Baked beans
United Kingdom
- Heinz Chutneys flavoured dips India
- Heinz Fridge Door Fit Ketchup larged sized bottles 46 or 64 oz
- Heinz Light 33% less calories Venzuela
- Heinz Organic Ketchup organic and natural ingredients World wide
- Heinz 57 Sauce any steak sauces USA
- Heinz Top-Down
The Kool-Aid brand has faded as the market has become flooded with various choices of sodas, waters, energy drinks, packaged and powdered sports drinks, and a myriad of other options. Our goal is to bring back this brand which was once at the heart of teen popular culture.
Modern organizations use a variety of resources to fulfill their objectives regardless if the company is a multinational or small entity, they all have a set of resources they depend on to achieve their goals. Part of the resource relied on is Information, and this information needs to be managed to optimize its value to produce the best stakeholder value they can. In order to manage these resources, Information Management systems are put in place.
Burt’s Bees started out as a candle making company in 1984 and has grown into a recognized brand in the natural personal care products market. They entered the natural personal care products market in 1991 with the creation of their Beeswax Lip Balm, which is still their leading bestseller. They expanded their business in 1991 by moving to North Carolina where they are still headquartered today. In 1999, they began their global expansion. In 2006, they began distributing their products to drugstores and other retail centers to allow the mass market the ability to buy natural made products. Burt’s Bees has several environmental and sustainability projects, and continuously works with the Natural
Moreover, some key activities are shown regarding to time in the period from the beginning of 2011 until the end of this year.
Heinz manufactured products in three categories: Ketchup and Sauces, Meals and Snacks, and Infant Nutrition. Heinz’s strategy was to
A.1. Steak Sauce was founded in England in 1830 by King George's Chef, Henderson William Brand and introduced to North America in the early 1900s. The Sauce became a premier brand of Kraft Foods Inc. who acquired it from Nabisco in 2002. (Kerin & Peterson, 2011, 630). A.1. Steak Sauce had done well in sales, and was able to secure excellent margins for Kraft Foods Inc. with a market share of approximately 50% and a brand awareness that was second to none (Kerin
Social: * 80-90% of women 35 years plus working full / part –time in workforceThey don’t have time to sit down to eat breakfast on the table. They need eat fast and nutrition’s cereal to make their life more convenient. * Teen available spending power continues to riseMost of teenage have part time job, they work as cashiers, tutors. They also get money from their parents for their birthday, Christmas gifts as well.
The case focuses on Kellogg’s Special K brand and considers how the marketing of this has changed over time. Marketing is not static – it must be developed as market conditions and customer expectations change.
The Kraft Heinz Company successfully merged on July 2, 2015 when Heinz owned by Berkshire Hathaway and 3G Capital teamed up with Kraft Foods Group. The deal is considered one of the top most mergers in the food and beverage industry worldwide. Currently the company has its strong presence worldwide. Moreover both 3G Capital-a Brazilian Equity Firm and Warren Buffet together contributed by investing $10 billion in the deal making the company worth about $46 billion.
1. Philip Austin’s plan for European expansion is very simplified and will rely mostly on the foreign intermediary to complete export and complete sales transactions. I believe that this is the main problem of this expansion plan; there is too much liability in someone outside of the company that possibly doesn’t share the same goals and objectives of the company and sometimes is not completed committed with the process.
The only real vision statement Heinz offers is to have a bottle of ketchup on every table.' This vision statement reinforces the notion that Heinz only produces ketchup. It is unnecessary for Heinz to further identify themselves with ketchup. The ketchup market is not going to continue to expand much more than it has already. Since Heinz is synonymous with ketchup already, and customers are aware of this high quality product, they should make consumers aware of the other products they offer. Those who feel Heinz ketchup is of the highest quality would be eager to buy other products produced by Heinz believing they too would be of the highest quality. They do need a
Since cultures change from region to region, one can see that it would be virtually impossible for a firm competing on a global scale to have one product which hails all markets and appeals to everyone’s preferences. Therefore, Heinz does not have one product that it must mold to different rules and regulations in order to sell it to different markets.
Krispy Kreme Doughnuts was a successful privately owned business since 1937. In 1982 a group of franchises bought back the company from Beatrice Foods for $24 million, and reintroduced the old recipe of doughnuts and their “hot doughnuts now” system. In 1998 Scott Livengood became Krispy Kreme’s new
Nowadays, Asian food plays an essential role in business, because the concept of it is to recreate the tastes of Asia in a casual and relaxed atmosphere and to provide people with tasty and healthy eating at a reasonable price, especially the shop located at Chinatown named ‘Green Noodles’. ‘Green Noodles’ is spreading its tastes of Asia across the country with brand awareness stores in South Australia, Western Australia and Queensland. The campaigns have been focus on positioning our brand as fresh Asian fast food dining and promoting other brand characteristics such as tasty, safe and genuine etc. Some people may think Asian food is tasty and healthy while other people hold the idea of Asian food may contain too much oil
Wash dishes, wipe down counters, run a load of laundry, and clean the floors. This is a fairly standard list of household to do items that I, like many people, address throughout various times. Cleaning, and the use of associated cleaning products, is done on a daily, weekly, and monthly basis and whenever possible is completed in as efficient a manner one can muster. In an attempt to limit the variety of products hiding under sinks, one will often purchase dual, triple, or multi-purpose cleaning agents. Upon poking through various cupboards and cabinets, my household cleaning product inventory list topped out at four, not including personal care products. Until investigating a sample of products within the home, and determining possible health risks associated with their ingredients, many may claim that the products they purchase are not particularly harmful and may be considered “green”. As the media highlights certain ingredients to avoid, and magazine publications present the latest buzz around biodegradable or phthalate-free products, finding these items has become easier and more accessible in many stores. However, products dubbed “better for the environment”, aren’t always so and their properties may in fact be harmful to the user. Disinfectant products and cleansers is a billion dollar industry, with billions spent in the cosmetic industry also. Data from the Bureau of Labor Statistics Consumer Expenditure Report (2013), shows sales in excess of $700 billion