The solution was to reduce processing and manufacturing costs (Lynch, 1998) The best approach to this strategy is given by intense research of the market within the destination country and then the purchase of an undervalued company, but with great potential.
Patents: Tate & Lyle got their products licensed and obtained patents for them; this strategy was highly useful when the demand for one of the company's sweeteners increased and the company was the only one with rights to produce it (Lynch, 1998)
Despite the expected beneficial results, the company's international expansion failed to deliver the foreseen growth as its profitability decreased after the entrance on global markets. A main reason for this is that the market for starch and sweeteners is a mature one and the registration of massive profits is rather difficult to achieve. Another reason for the company's limited success onto the international market is given by the nature of their activity. As such, since they operate and process agricultural products, they are directly dependent upon the crops; which are also dependent upon natural conditions, which are then out of Tate & Lyle's control; and floods and droughts massively impact the corporate results. Also, they are highly influenced by price and currency fluctuations and the general economic status within the countries where they operate.
It is a known fact that no strategy can be implemented exactly like another company did, but it should be further developed and adapted to fit the unique needs of each company, operating in a given industry segment, conducting a certain type of operations, addressing a certain type of customers an employing a certain number of employees. However, the strategies implemented by Tate and Lyle could be used as guidelines for other ...
A second strategy which could serve as model for other industry segments is the patent. In this order of ideas, each company which develops a new type of product or uses an innovative recipe to manufacture or process an already existent product should acquire a patent for their innovation. This will ensure that, if the product is successful and generates increased demands, the company will be the sole beneficiary of the adherent revenues. Also, they will encounter limited to no competition for that particular product. The downside of such a strategy is that it involves significant financial resources and it offers no guarantee of success.
The strategy of price reduction is also an important one. However in the case of the industries based on agricultural products this is harder to achieve, it can be done within other industries. Among the most successful implementation of this is the increase of productivity through the usage of better technologies, leading as a consequence to a decrease in staff and manufacturing costs.
Product development, interactive marketing and protection against financial risks are also highly important strategies to be implemented by other industries and industry sectors.
2008, Vitafoods, http://www.vitafoods.eu.comlast accessed on February 22, 2008
2008, Official Website of Tate & Lyle, http://www.tateandlyle.com, last accessed on February 22, 2008
2008, Official Website of Tate & Lyle Ventures, http://www.tateandlyleventures.com, last accessed on February 22, 2008
Tate & Lyle 2007 Annual Report, Retrieved at http://www.tateandlyle.com/TateAndLyle/investor_relations/annual_report/default.htm. On February 22, 2008
Lynch, R., 1998, Tate & Lyle plc: globalization to sweeten the profit line, Financial Times Business Limited
Olson. P., September 28, 2007, Tate &…
The best approach to this strategy is given by intense research of the market within the destination country and then the purchase of an undervalued company, but with great potential.
Reliability & Validity The key will be to find reliability and validity. Reliability, of course, is the concept that if someone else does the same exact research in the same exact way, the research conclusions drawn will be close to if not entirely identical. Validity is similar in that the conclusions met have to be directly applied and ascertained based on the data that actually exists and not based on the
Corporate Finance East Coast Yachts I My time horizon is long-run. I would want a diversified portfolio, but can afford to take the risk of equities. So the first decision is to go with 100% equities. I am not interested in company stock at the moment, because I want a diversified portfolio and I only want liquid securities with values set by the market. The company stock does not meet those criteria. In
Strategy Implementation at Kraft Foods Strategy Implementation at Krafts Foods This paper presents an analysis of the strategy implementation at Kraft Foods by analyzing different internal processes and systems which can impact the strategy implementation process in a positive or negative way. It includes an analysis of the people, processes, systems, and culture at Kraft Foods and evaluates their contributions, impacts, and strategic fit with its mission, strategy, and corporate principles. This paper
That can get them into a lot of trouble. In short, uncertainty is always going to be there in the business world. Nothing is one hundred percent certain when a person is owning and operating a business. During a time when economic uncertainty is higher than normal, there is even more uncertainty that has to be addressed. Overall, though, most uncertainty falls into levels one and two. By the time
Of subsidiaries (1) (1) Dis. Of Subsidiaries (4) (4) Dis. Of JVs 0 0 Dis. Of Businesses 57 57 Purchase of PPE (224) (224) Purchase of Intangibles (7) (7) Net cash Investing (141) (141) Cash from Financing Proceeds from issuance of shares 3 3 Repurchase of shares 0 0 Inflow from borrowings 1 1 Repayment of borrowings (14) (14) Repayment of capital (3) (3) Shareholder Dividends (104) (104) Minority Interest Dividends (1) (1) Net Cash Financing (118) (118) Net Increase/Decrease of Cash Balance at Beginning Effect of changes in FX rates 40 40 Net Increase/Decrease Balance at End Notes: Several assumptions were made in the production of these statements. Many costs were assumed to stay the same. The company was assumed to
Putting the defendant in jail for life is, simply put, a violation of the Eighth Amendment - cruel and unjust punishment. King Brothers Case This case followed directly on the heels of the Tate case, but provides less of a defense to the children here. It is undisputed that the children knew what they were doing when they helped to murder their father. Unlike the Tate case, there is no debate about