Elon Musks Big Bets Case Study Solution
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Elon Musks Big Bets Case Solution
Elon Musks Big Bets Case Study Analysis is a popular name of a New York based, world's leading organization in the food and beverage industry. company is a leading brand in practical snacks, foods and drinks with its presence in about 200 countries.
The report contains a deep analysis of different aspects of the social obligations of major business in the food and drink market in general, and company in specific. The report likewise supplies an assessment of the level of sustainability and CSR in the Elon Musks Big Bets Case Study Help's service technique along with the decision of how Case Study Solution produces value for its consumers.
The giant food and drink company was going through a criticism over its duty towards different social and ecological issues including; obesity, cardiovascular disease, environmental devastation and so on. These criticisms lead, to reconsider about the business strategy of Elon Musks Big Bets Case Study Solution. The David B Yoffie has recognized that the total society, the lifestyle of individuals and the people at whole have actually been altered now. In this scenario with increasing patterns towards healthier products and the increasing environmental concerns, Case Study Solution must change its direction towards healthier items. company had taken specific essential actions concerning the environmental effects of its items, however, these actions are not enough to end up the criticism over the company's obligation towards social and environmental concerns. For that reason, the is needed to take specific strategic actions to alter the marketplace position of its certain well-known brands and present Elon Musks Big Bets Case Study Solution as a business producing healthy items in the market. In this regard, Case Study Help and other food and beverage business ought to utilize their power to shift the consumer taste towards much healthier items to eliminate the restraints in the growth of food industry.
For the couple of decades, customer food patterns have actually been altered drastically. The shift from the use of health food to manufactured food has actually extremely affected the health of the consumers. Despite of the discovery of modern-day health strategies, the general health of individuals in couple of decades have actually been extremely impacted. Currently about 1 billion of individuals In United States are overweight and a minimum of 300 million of them have weight problems. Children also dealing with the issue of obesity. The ratios of weight problems in 1980s are quite various from the existing ratios. Despite of discovery of health techniques and contemporary ways to control obesity and other illness, the ratio of weight problems has actually been doubled form the level of 1980. All of the information related to the health concerns with the incorporation of produced food in the market describe the frequency of the health issues connected to food system. These concerns are indirectly the result of various practices of the food and beverage business for producing worth for their consumers.
Worth Production at Elon Musks Big Bets Case Study Help
Elon Musks Big Bets Case Study Analysis being a huge company in the food and drink market, offers high worth to its customers by different ways. Worth creation in the food and beverage industry is done through two ways i.e. taste and accessibility of the product. Case Study Help has a competitive benefit in supplying its products far and wide internationally. Its marketing ability makes it able to target a large base of customers. The company exists in about 200 countries with a large number of well-known worldwide brand names. The everywhere existence of the company items offers high worth to customers.
Furthermore, the company develops value for its customers by methods of offering a great deal of delicious food products including salt, fat and sugar, which are the active ingredients that are directly gotten in touch with the emotional core of the customer's brain. The Elon Musks Big Bets Case Study Help in addition to other huge food and beverages business create value for its consumers by manipulating these components in its products. Case Study Help together with other huge business has an interest in discovering ways to increase the consumer worth from its products through making use of the vulnerability.
Along with it, the business likewise creates worth by methods of integrating the healthy point in its items. The business has done particular efforts in order to supply healthy products and reduce the share of Elon Musks Big Bets Case Study Help in total ecological destruction. Case Study Help has actually taken certain actions related to the sustainability of people and environment including the 2009 statement of the enthusiastic goals and commitments associated with Case Study Analysis items, market and the community.
All of these means have actually achieved success at producing value for the company customers. These means have also lead to the increased ecological issues and the criticism over the company's role in increasing health and environmental obstacles. The incorporation of ingredients like salt, fat and sugar in the company products for developing consumer value deals with high amount of criticism. These ingredients are the main cause of particular lethal illness in human including obesity, diabetes, cardiovascular disease and so on. Increasing health associated problems have actually raised the criticism for Elon Musks Big Bets Case Study Help.
Positive Role of Major Food and Beverage Business in Dealing With Social and Ecological Expenses Connected With the Industry
Indeed, major food and drink companies consisting of company, and so on can play a constructive role in addressing social and environmental costs associated with the industry. The eco-friendly expenses related to food and drink industry consist of the environmental devastation due to the increase of nitrogen which has led to the decreased water drinking patterns, river contamination, and increased emission of greenhouse gases from soil and so on. All these factors results in ecological destruction which could be a big hazard to the presence of humanity in future.
Significant cause of these ecological modifications is mass usage of nitrogen rich fertilizers and the ingredients by the food and beverage business. For that reason, food and beverage companies should play a constructive role in resolving these concerns to remove their development restrictions associated with the criticism from the environmental neighborhoods.
In order to resolve these issues, the business could either lower their use of nitrogen rich components or take certain actions to minimize the amount of nitrogen in the total environment. The business should prevent usage of nitrogen fertilizers and ought to search out the products of those farmers that do not use fertilizers for their crop. Additionally, the companies might also purchase reducing greenhouse gas emissions worldwide. The business might utilize renewable energy sources at their production plant to compensate the greenhouse gas emissions from the usage of nitrogen-rich products.
In addition to the ecological expenses there are specific social costs connected with the food and drink market which should be addressed by the giant food and beverage business to accomplish the market growth and to avoid the criticism from the environmental neighborhoods. Social expenses connected with the industry consists of the increasing health problems associated with obesity, heart disease, diabetes and so on. The giant companies might play a positive function in resolving these issues.
The companies might move towards healthier items by lowering the quantity of toxic compounds in their processed foods i.e. dioxin, which might result in lethal human diseases. Together with it, the business should utilize more healthy components rather than derivatives of Corn and Soy to increase variety of calories from their items. The business could likewise do efforts to shift consumer tastes towards healthy items as they have controlled the consumer taste for few years. In this method the huge food and beverage companies could play an useful role in dealing with social and eco-friendly expenses related to the market.
Examination of Sustainability at Elon Musks Big Bets Case Study Analysis
There was a prospective shift in the business strategy and objectives at Case Study Analysis. The brand-new CEO was concentrated on purchasing much healthier items for achieving sustainable development for the business along with offering healthier future for the people and the planet both. Under the brand-new vision, the slogan of the business was likewise altered from the "fun for you" to "better for you".
The business revealed certain objectives and commitments connected to human sustainability and the environmental sustainability. Elon Musks Big Bets Case Study Solution obtained Quake Oats producing TrueNorth nut snacks and SoBe, and Naked Juice producing soy beverages and natural beverages to present numerous much healthier products in its portfolio. Despite of being thought about a Case Study Analysis's healthy brand name, the products of Quaker Oats included several components which were harmful to health. These harmful components were not promoted which have actually ended up being the base for criticism over the healthy brand names of Elon Musks Big Bets Case Study Solution.
In addition to the inculcation of healthy brand names in its portfolio through acquisitions, Elon Musks Big Bets Case Study Solution has actually taken certain sustainability steps for its market places. One of significant examples in this regard is the Business's marketing technique related to schools. The company markets just low calories and nutritious drinks choices in schools.
Another action taken by Case Study Help towards human sustainability is the shift of its focus towards research study and advancement for presenting brand-new and healthy products in its portfolio. The company has increased its research study and development budget plan and has actually introduced an army of health researchers to create particular healthy items.
Together with the human sustainability, Elon Musks Big Bets Case Study Analysis has actually taken a number of steps towards ecological sustainability. The business has committed to various goals connected to water, land, packaging, environment change and community. In this regard, the business committed to reduce its packaging by countless tones to prevent high quantity of wastes. Moreover, the business has actually devoted to decrease greenhouse gas emissions together with the achievement of effectiveness in the energy use. company has also tried certain humanitarian activities including a commitment to supply safe drinking water to 3 million individuals in establishing nations by 2015.
On the basis of above analysis, it could be figured out that the business has actually taken numerous actions towards human and environmental sustainability. These steps are still not adequate to attain the preferred industrial growth and to decrease the criticism over the social responsibility of Case Study Analysis.
Specific long term strategic options could be derived for the company on the basis of above analysis. These options can be assessed on the basis of the truth that how the option would allow the business to attain its goal of potential growth and lower the criticism over the business. Furthermore, the alternatives might be assessed on the basis of the time frame that would be taken by an alternative to be implemented together with the cost and risks connected to the option
Alternative-1: introduction of a New Product line Associated with Healthy Foods and Beverages
The first action that Elon Musks Big Bets Case Study Solution might take is to present a new item line related to healthy food and beverages. The business needs to present a broad variety of healthier items by using its considerable research study and development expenses.
• Capability to target a great deal of consumers i.e. health conscious consumers.
• Decrease of the criticism of environmental concerned societies and community advancement companies.
• Fulfillment of the social duty by settlement of the harmful products with healthy products.
• Could be executed within few years i.e. 3 to 5 years.
• Threat of failure of the new items in the market i.e. customers might not like the taste and might decline the much healthier items due to the addictive nature of harmful items.
• The harmful items in the item portfolio might make the incorporation of healthy items stop working to reduce criticism.
• Substantial expense of research and advancement required to build brand-new healthy items.
Alternative-2: High level Acquisition of Health associated Business
Another alternative choice to achieve the prospective growth and decrease the criticism is to obtain the health associated business at a high level. Investment in these type of business would allow Elon Musks Big Bets Case Study Analysis to introduce a big variety of much healthier items within a short time duration with no requirement of significant research study and development expenditures. The advantages and disadvantages related to alternative 3 are provided below:
• Conserving of substantial amount of research study and advancement costs for brand-new item advancement.
• Incorporation of brand-new products within 2 years.
• Capability to target large number of customers i.e. health conscious customers.
• Reduction of the criticism of ecological concerned societies and neighborhood advancement companies.
• Fulfillment of the social obligation by payment of the harmful items with healthy products.
• The acquisition may not prove to alter the image of Elon Musks Big Bets Case Study Solution as in case of Quaker Oats.
• Requirement of big quantity of capital.
• Threat of failure of the new products in the market i.e. consumers may not like the taste and may decline the much healthier products due to the addictive nature of dangerous items.
• The dangerous items in the item portfolio may make the incorporation of healthy products fail to decrease criticism.
Aletrnative-3: Replacement of Hazardous Products with Healthy Products in the Portfolio
Another alternative option for Elon Musks Big Bets Case Study Solution is to change all of its hazardous items with much healthier products. This might be a substantial shift in the business technique and the business design at business. The replacement of hazardous products with much healthier products would totally alter the market position of the business and would require a a great deal of essential steps to be taken. The benefits and drawbacks related to alternative 3 are given below:
• Change of market position of Elon Musks Big Bets Case Study Help
• Ability to target large number of consumers i.e. health conscious consumers.
• End of all of the criticism of ecological worried societies and neighborhood development companies.
• Satisfaction of the social duty
• Risk of failure of the new products in the market i.e. consumers might not like the taste and may not accept the healthier items due to the addicting nature of hazardous items.
• Big expense of research and development needed to construct new healthy items.
• Employee might withstand over the change in business model and business technique.
• Number of years required for the application.
• Shift of focus from the core competencies.
With the deep analysis of the company's CSR, problems dealt with by the business and the current industry circumstance, Case Study Solution is suggested to consider alternative 2 of high level of acquisition of health associated business. As the acquisitions would make it possible for the business to save of big amount of research and development expenses for new item development. Along with it, acquisitions would enable incorporation of brand-new items within 2 years along with the capability to target large number of customers.
This Elon Musks Big Bets case study is writen by : David B Yoffie
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