MGT 599 SLP 3 Internal Analysis Kraft Foods

1260 words 6 pages
TUI UNIVERSITY
Module 3 SLP
MGT 599 Strategic Management
Dr. Nanette Metz

Business Dictionary defines internal analysis as “a review of an organization’s strengths and weaknesses that focus on those factors within its domain” (2014). Conducting an internal analysis allows organizations to adapt and change the way they conduct business in order to remain competitive. Internal analysis obtains information from financials, operational and marketing departments to help management determine strategic planning for future growth. In this paper the author will discuss an internal analysis of Kraft Foods.
Tangible Resources Investopedia defines tangible assets as assets having a physical form,
…show more content…
Kraft Foods challenges their brands to “bring new values, attributes, and relevant and credible positioning to boost emotional ties with different consumers while maintaining quality” (Columna Brand Strategy, 2011). Additionally, Kraft Foods has distinct unique brand logos that are easily recognizable and set their products apart from the competition
Reputation
Over the last 100 years Kraft Foods has developed a reputation for producing quality food products consumers’ love. They understand that in order to remain top of the industry they must “maintain brand image for existing products and extend new brands with new products and offerings” (Kraft Foods, 2014). If Kraft Foods develops negative perceptions their consumer preferences may change resulting in decreased sales
Innovation
Kraft Foods VP Steven Goers states that “innovation is successfully implementing an invention or creative idea that creates value to our customers and our consumer” (Staggs, 2008). Some of the innovative ideas at Kraft Foods include squeezable Miracle Whip and resealable Oreo packages (Staggs). Changes like the above allow Kraft Foods to cater to consumer demands while enhancing the quality of their products. There are 2,000 scientist, chemist and engineer employed at Kraft Foods to conduct research and development for new improved products

Related

  • Mgt599 Mod 3 Slp Internal / Swot Kraft
    2298 words | 10 pages
  • Bus 599 Project Deliverable 1: Swot Analysis Bus599 Project Deliverable 1: Swot Analysis
    4284 words | 18 pages
  • Mgt 301 Tha 3
    1637 words | 7 pages
  • External and Internal Analysis Mcdonalds
    2357 words | 10 pages
  • Mgt 330 External-Internal Factors Paper
    1185 words | 5 pages
  • MHM522 Module 3 SLP
    1048 words | 5 pages
  • Porter's 5 Forces and Pest Analyses of Kraft Foods
    2079 words | 9 pages
  • Mgt 498 Week 3 Environmental Scan Paper
    1100 words | 5 pages
  • Whole Foods Strategy Analysis
    2899 words | 12 pages
  • MGT 599 Case 4 Strategic Choices Kraft Foods
    2250 words | 9 pages