Ben & Jerry’s Homemade Ice Cream Inc: A period of Transition Despite making the first yearly loss in 1994‚ the company’s health cannot be written off. The loss in 1994 can mostly be attributed to some irregular factors like debt due to the asset write-down of $6.8 million resulting from abandonment of complex manufacturing system and incorrect assumption about the value at the St. Albans plant. The introduction of the "Smooth‚ No Chunks" line in the same year also resulted in some extra advertising
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Market Research Report for Ben & Jerry’s Ice Cream By: Swati Sugandh Ben & Jerry’s Homemade Holdings‚ Incorporated started in 1978 when Ben Cohen and Jerry Greenfield bought their first ice cream scoop shop in Burlington‚ Vermont. Since then‚ Ben & Jerry’s has grown from being only offered in Vermont to other States and Countries around the world. Throughout the growth of Ben & Jerry’s Homemade Holdings‚ Inc.‚ many movements have been made in aspects of ingredients‚ packaging
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Societal Marketing Concept on Ben and Jerry’s Ice Cream Ben and Jerry’s ice cream shop is a company found by Ben Cohen and Jerry Greenfield back in 1978‚ when they began their company with a 12‚000 dollar investment. They opened the ice cream parlor in a renovated gas station in downtown Burlington Vermont‚ but after two months they closed down realizing that they were not making any profit. In 1980‚ Ben and Jerry rented space in an old spool and bobbin mill on South Champlain Street in Burlington
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Ben and Jerry ’s Premium Ice Cream Products Ben and Jerry ’s Ice Cream is a brand name company known worldwide. With superior marketing techniques Ben and Jerry ’s has positioned themselves to be the leader in manufacturing premium ice cream products. They have successfully targeted their market‚ and there by achieved a strong customer base. The mission statement of their product line is "to make‚ distribute‚ and sell the finest quality all natural ice cream while incorporating wholesome
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Ben&Jerry Introduction “Ben & Jerry’s‚ to know it is to love it”. “I scream‚ you scream‚ we all scream‚ for ice cream.” ----------- -By Laura Teacher‚ Sara Matharu‚ Sara Butler and Aman Johal This marketing project investigates the marketing of Ben and Jerry ice cream in the UK. Ben and Jerry have a difficult job to do because they have competitors –Haagen Daaz‚ who have a 44% share of the one and a quarter billion pound UK ice cream market‚ compared to Ben
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BEN & JERRY’S HOMEMADE Questions 1. How has Ben & Jerry’s fulfilled its mission statement? What evidence can you provide regarding Ben & Jerry’s performance on each of the three dimensions of the mission statement? Ben & Jerry were able to fulfill their mission statement with the finest quality all-natural ice cream‚ profitable business and by improving the community. Ben & Jerry stated‚ they would make and distribute the finest quality all natural ice cream with a wide
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Ben & Jerry 1. Their mission statement included three dimensions; product‚ economic‚ and social. Their objectives were not always in harmony‚ however. They’ve had to sacrifice some objectives to meet others‚ for example they didn’t want to rice prices due to the fact they wanted to be a “ice cream for the people” company‚ but had to sacrifice the social objective in order to stay in business. Of their three mission statement objectives‚ their social consciousness seems to be their leading objective
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Ben & Jerry’s analysis. Translating from the ratios‚ Ben & Jerry was struggling to generate enough sales to cover their costs. In other words‚ their profitability had fallen sharply from 1992 to 1993 and in 1994‚ the firm had experience a loss for the first time. Even though the EBITDA was still positive in 1994‚ it fell from $10‚000 level to 2‚000 level‚ an 80% decrease from 1993. This clearly indicated that Ben & Jerry’s performance had deteriorated at a striking rate‚ regardless of
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other consumer brand’s image is so entwined with hippie-inspired idealism and social causes as Ben & Jerry’s. Among the ice-cream maker’s crusades: saving the endangered family farm by supporting farmers’ cooperatives and fair-trade initiatives. The message is unmistakable: by buying pints and cones‚ consumers are helping Ben & Jerry’s stick up for the little guy. But when it comes to its own "little guy‚" Ben & Jerry’s may not be quite so generous‚ to hear an increasingly embittered group of the company’s
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Finance – Ben and Jerry’s Case Assignment: 1. Do you agree with Ben & Jerry’s current mission statement? Why or why not? The Ben and Jerry’s Mission Statement is a bit contradictory‚ as their economic point stresses raising value for the shareholders‚ meanwhile they are in the business of distributing 7.5% of their pre tax earnings to social foundations and community action groups. The product point can work in conjunction with the social and economic aspects‚ but the points about social
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