Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from essay:
The larger the size of the company operating in the industry, the better and easier it is for it to succeed in the industry. Smaller sized companies have a rough time coping with the challenges and the competition within the industry (Kren & Tyson, 2009). Therefore, the size of the organization investing in the industry is a key determinant of success in the industry. The specialization factor is also significant in determining the success in the market. The market requires large specialization as the foods market is diverse. Different individuals will want different types of services and hence the larger the specialization sector, the easier it is to become accustomed to the trends within the market.
Value added products at the retail level are also highly effective in pushing the company towards success in the market of the foods industry. Many people consider buying products that have been processed and packaged with added value in them rather than the actual meat (Etter, 2008). Therefore, investing in the value added retail products crates better chances of success. Branding and marketing also determine the impact a company makes in the industry. Thus, the way a company brands its products and just like any other industry, marketing the products is a crucial success factor. The vertical integration provides an added advantage in the industry. Therefore, a company that produces own meat sources, then invests in the same and offers additional incentives for other contractors in the industry creates a vertical chain that is truly contributory to the growth and success of the corporation in the area of operation.
Foods and foods services are very sensitive as they directly affect the people's lives. Therefore the quality and quantity control and consistency also determines if the company succeeds in the industry or not. The quality of the services and products offered determine the kind of reception the customers will have for the products. A company that has high quality meat products and services and does so consistently has better chances of thriving within the industry.
Moreover, the quantity supplied has to be steady. This is because; the retailers and other customers of the meat and the products of the company will require a supplier who is available throughout so that they can make the best out of the market (Pulakanam, 2011). Issues of disease and epidemics breakout within the industry pose a danger and setback to the market. Therefore, the company needs to assure the market of the excellence standards of the food and services offered. Therefore, a company or investor that is not consistent in providing better quality and enough quantity of products will not be achieve much from the industry.
Moreover, like any other business venture, the management and workforce strategy of the company play pivotal role in determining the success of the company in the meat products industry. Good management skills make the most impact in the success of the company as there is nobody that can ran effectively without the head. The workforce needs to be stable and effectively endowed in skills as well as be adequately available. Currently, the technology has also entered the industry. Therefore, the extent to which the company applies technology can also determine the success of the industry. Technology is used in production, processing, packaging, storing, preserving and distributing the products. Therefore, a company that employs technology and technological advancements will easily succeed within the industry.
Tyson Foods Inc. is a company that is rooted in the success factors that exist within the industry. The strengths of the company are embodied in the market within the industry. Such include the large and strong clientele available for the company (Pulakanam, 2011). Tyson Foods Inc. enjoys a vast coverage of customers, both local, which is within the United States and the outside world. It has established itself within about 90 countries over the world. This expansive geographical coverage provides the vast strong clientele for the company hence ready market for the company's products.
Second strength is that the organization has already established itself in the industry hence it benefits from the strong market position that it has achieved. This is a crucial and effective strength for Tyson Foods Inc. As such means that it has a strong hold on its customers. The third strength for the organization is that the company has taken advantage of the industry's broadness and flexibility to broaden and diversifies its operations. The broad market means that the company has strength in the market since it offers a variety of choices for its customers (Charlebois & Camp, 2007). The fact that the company has been in existence for long also makes it easier for it to cope with the changes within the market. Therefore, it is strength for the organization.
The weaknesses of the organization are few considering that it has been in continuation for a fair number of years. However, it still faces challenges from the natural factors such as drought. This causes the feeds of cattle to rise hence lowering the cattle supplies (Pulakanam, 2011). This results in low productions hence low exports. Prolonged conditions can lead to the company suffering substantial losses as was witnessed in 2008. Moreover, the rise of the vegetarian industry also poses a challenge to the market for company products. This is slightly affecting the profitability of the industry.
Legal battles are also a setback to the growth of the company. The regulations for the agricultural sectors and the rights of the livestock cause the company to have battles in succeeding. Meeting all the requirements of the law is noteworthy in determining the achievement of the company.
The weak profitability results from the increase in the pricing of the related commodities for the production process (Pulakanam, 2011). However, these challenges are minor compared to the strengths of the organization and the success factors of the industry. Therefore, Tyson Foods Inc. has significantly grown into the status which it holds today. The industry is much favorable for the company.
In conclusion, the meat and meat products industry is highly marketable and profitable. Moreover, the success factors boost the companies that invest in the industry. Tyson Foods Inc. has made a name in the world market because of taking advantage of these success factors. Therefore, it has gained the strengths it is enjoying today.
Tyson foods, inc: 2006 company profile edition 2: Company dossier. (2006). Bromsgrove, United Kingdom, Bromsgrove: Aroq Limited. Retrieved from http://search.proquest.com/docview/213095732?accountid=35812
Tyson foods inc. (2011, Feb 05). Boston Globe, pp. B.7. Retrieved from http://search.proquest.com/docview/849297694?accountid=35812
Preslaughter interventions could reduce E. coli in cattle. (2012). Food Engineering, 84(4), 15-16.
Retrieved from http://search.proquest.com/docview/1237101543?accountid=3581
Pulakanam, V. (2011). Responsibility for product quality problems in sequential manufacturing:
A case study from the meat industry. The Quality Management Journal, 18(1), 7-22.
Mao, H., Graziano, J.J., Chase, T.M.A., Bentley, C.A., Bazirgan, O.A., Reddy, N.P., . . .
Smider, V.V. (2010). Spatially addressed combinatorial protein libraries for recombinant antibody discovery and optimization. Nature Biotechnology, 28(11), 1195-202.
Kren, L., & Tyson, T. (2009). Trade-offs in objective and subjective performance evaluation: A
case study examining the validity of agency theory predictions. Management Accounting
, 10(2), 12-23. Retrieved from http://search.proquest.com/docview/222852906?accountid=35812
Charlebois, S., & Camp, Ronald D.,,II. (2007). Environmental uncertainty and vertical integration in a small business network. Journal of Enterprising Communities, 1(3), 252-267.
Etter, L. (2008, Jun 26). Corporate news: Tyson to sell meat business in canada. Wall Street
Journal, pp. B.5. Retrieved from http://search.proquest.com/docview/399077963?accountid=35812
Sanchez, A. (2008, Dec 14). Cargill agrees to buy carneco foods. McClatchy - Tribune Business
News, pp. n/a. Retrieved…[continue]
"Tyson Foods Inc Tyson Food" (2013, March 11) Retrieved December 2, 2016, from http://www.paperdue.com/essay/tyson-foods-inc-food-86605
"Tyson Foods Inc Tyson Food" 11 March 2013. Web.2 December. 2016. <http://www.paperdue.com/essay/tyson-foods-inc-food-86605>
"Tyson Foods Inc Tyson Food", 11 March 2013, Accessed.2 December. 2016, http://www.paperdue.com/essay/tyson-foods-inc-food-86605
The condition in which meat is produced in the United States is appalling and makes me consider the choices I have made as a consumer. Some of the most disturbing aspects of the meat industry -- chicken and beef -- where the inhumane conditions that the animals bred for consumption were kept under. The scene that made me reconsider my meat choices was not any of the beef being slaughtered
Food, Inc. The Industrialization of Farming and Agriculture: Effects on the Environment and the Way We Live The film Food, Inc. By award winning documentary maker Robert Kenner starts out with a simple goal: it wants to find out where our food comes from. In his quest to answer this question, however, Kenner, and his two narrators, Pollan and Schlosser, find some unpleasant and startling facts about the way in which our food
Food Inc. After the current outbreaks of salmonella which brought a scare to those living in the U.S., looking at the documentary Food Inc. has actually been the best thing. This film is known as the expose of the food industry. Directed by Robert Kenner, the documentary was brought to the movie theaters in the U.S. In 2009, and then it hit the DVD stands in 2010. Even though it did
It is shocking to see how corn and corn products are used in almost every aspect of our lives from the beverages we drink to cheese to the fuel that powers our vehicles. One of the most disconcerting insights about the corn industry is the realization of how dependent we are, as consumers, on a crop that was primarily first used for food and how science has found a
This includes breeding chickens with breasts so large they can hardly stand. Humans view animals as disposable commodities. And people have fewer and fewer options not to eat this 'engineered' meat and also to afford it. The ideal situation for all animals raised in agriculture would be to live in the conditions of Polyface Farm. However, the solution to improve the lives of animals in the film is not an
Robert Kenner, Food, Inc. creates a lasting, shocking and deeply troubling portrait of the ugly, greed-based business of food production in America. One of the things that the film does extremely well is communicating the idea of "mass food production." While many Americans are aware in an abstract way that their food is mass produced, few have an accurate comprehension of what that means exactly. The film showcases this in
Tyson Foods is known for the different pork, beef and chicken products they sell to grocery stores, meat distributors, whole sellers, restaurants, industrial food processors and military commissaries. However, the industry is extremely competitive and is seeing tremendous amounts of volatility / demand. To fully understand the strengths and weaknesses of the firm requires carefully examining three financial outcomes with the statements submitted to the Securities and Exchange Commission. This