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Agribusiness

Agribusiness. Oriah Ben-Gal Kimberly Chidester Nina Dobrowolski Cherish Landers Charity Ross. Today’s Leaders. What is Agribusiness?.

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Agribusiness

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  1. Agribusiness • Oriah Ben-Gal • Kimberly Chidester • Nina Dobrowolski • Cherish Landers • Charity Ross Today’s Leaders

  2. What is Agribusiness? • Agribusiness is a generic term that refers to the various businesses involved in food production, including farming, seed supply, agrichemicals, farm machinery, wholesale and distribution, processing, marketing, and retail sales. The term has two distinctly different connotations depending on context. • Within the agriculture industry, agribusiness is widely used simply as a convenient portmanteau of agriculture and business, referring to the range of activities and disciplines encompassed by modern food production. There are academic degrees in and departments of agribusiness, agribusiness trade associations, agribusiness publications, and so forth, worldwide. Here, the term is only descriptive, and is synonymous in the broadest sense with food industry. • Among critics of large-scale, industrialized, vertically integrated food production, the term agribusiness is used as a negative, synonymous with corporate farming. As such, it is often contrasted with family farm. Some negative connotation is also derived from the negative associations of "business" and "corporation" from critics of capitalism or corporate excess. - Wikipedia.com

  3. David H. Murdock • CEO of Dole Food, Inc.

  4. Dole Food, Inc. • Founded by James Drummond Dole in 1851 • Founded in Hawaii • Initially focused on canning operations and the production of pineapples • After Dole merged with Castle & Cooke, Inc., it began producing and selling a variety of fresh fruits and vegetables

  5. Murdock’s Self Made Fortune • High School dropout • Drafted by Army in 1943 • CEO Positions (10) • Dole Food Inc. • Castle & Cooke Inc. • Huntington Tile • Yankie Hill Brick • Murdock Devel. Corp. • Wiscassett Mills • Flexi-Van Leasing • Goettel, Stair Co. • Ventura Farms • Other Positions Held • Chairman of the Board of Dole Food/Castle & Cooke, Inc. since 1985 • Sole proprietor, Chairman, CEO of Murdock Holding Co. (formerly Pacific Holding Co.) since 1995 • Developed the Regency Club and the Sherwood Country Club

  6. Murdock’s Goals & Vision • Began his career as CEO of Dole because of the company’s need for financial stability and productivity • Plans for Dole included • Offering the finest, high-quality products • Leading the industry in nutrition research and education • Adhering to the highest ethical conduct in all business dealings, treatment of employees, and social and environmental policies.

  7. Personality Type & Characteristics • Some revere him and some loathe him • Hardworking • Ambitious • Innovative • Open to new experiences • Skills • Crisis management • Multi-tasking • Expansion

  8. Strengths and Weaknesses

  9. Is Murdock A Successful Leader? • YES! • Excellent motivator with a strategic vision • Achieved high levels of employee satisfaction • Competitive compensation packages • Working environment • In depth employment training programs • Greatly expanded • Dole’s product line • Operating locations • Public image • Launched a number of programs and campaigns to increase community involvement

  10. Indra K. Nooyi • CEO of PepsiCo, Inc.

  11. PepsiCo, Inc. • Was founded in 1965 by Donald M. Kendall, President and CEO of Pepsi-Cola, and Herman W. Lay, Chairman and CEO of Frito-Lay, through the merger of the two companies • Sister companies and subsidiaries include Pepsi-Cola, Inc., Frito-Lay, Inc., Tropicana, Quaker Oates, and Gatorade • The drink was first made in the 1890s by pharmacist Caleb Bradham in New Bern, North Carolina

  12. Indra K. Nooyi • 51 years old • Native of India • Graduated from Yale in 1980 • Worked for Boston Consulting Group (BCG), Motorola, Asea Brown Boveri (ABB) and then finally PepsiCo, Inc.

  13. Why Nooyi? • Washington post article by Amy Joyce: “Indra is not only an incredibly talented executive but a brilliant strategist. She is one of these executives who, in the chess game of business, moves ahead of other people” • Promoted from Chief Strategist to President and CFO to Chairwoman of the Board and CEO • Known for being brilliant in the strategy, maneuvering, and organization of mergers and acquisitions

  14. Nooyi Leadership Style • Low LPC, task-motivated leader with certain high LPC, relationship-oriented characteristics • “Behind my cool logic lies a very emotional person” (Nooyi, 2007) • Able to create structure • Remains calm in high-pressure, high-stress situations • Uses relatable examples to connect her employees with organizational goals • Charismatic and innovative leader • Encourages both an individualist and collectivist attitude in her employees in order to achieve the desired end result for PepsiCo, Inc

  15. Strengths & Weaknesses

  16. Is Nooyi Effective? • YES!!! • Best Place to Work for GLBT Equality, 2007 Best Performers List, List of America’s Top Corporations for Women’s Business Enterprises • Worked her way from Chief Strategist to CEO despite social obstacles • Fortune 500

  17. Jim Perdue • Chairman of Perdue Farms

  18. Perdue Farms • Established in 1920 • Is still a family run business • one of the nation’s largest poultry processors that produce a wide variety of chicken and turkey products • celebrated its 75th anniversary as a family-run business in 1995

  19. Jim Perdue • Joined business in 1983 as an entry level management trainee • Worked many different management jobs in the company • Took over the business in late 1991 and also became advertising spokesman

  20. Leadership Characteristics • Management process was opened up and employees have influence in decision making • Provides egalitarian culture and also empowers employees • Contains 3 skills which provide leadership skills • Technical skills • Interpersonal skills • Conceptual skills

  21. Characteristics to Success • Jim focuses on growth • Domestically and internationally • Created vertical integration within the company • Allowed company to save money

  22. Strengths & Weaknesses

  23. Effective • Jim Perdue is an effective leader • Attained many positions in the company • Strong communication skills • Focuses on growth • Committed to quality and the success of Perdue Farms

  24. Richard L. Bond • CEO of Tyson Foods, Inc.

  25. Tyson Foods, Inc. • Founded is 1935 by John Tyson • World’s largest processor and marketer of poultry, beef and pork • product lineup ranges from fresh meats to processed and precooked meats, refrigerated and ready to eat frozen meals • supplies over 25 billion pounds of meats to nearly every fast food chain, supermarket, and restaurant chain within the continental United States

  26. Bond Who? • Degree in business administration from Elizabethtown (Pa.) College • Worked for several other food companies, including Pet Inc., before joining IBP in 1980 as an administrative assistant • President of IBP’s fresh meats division • CEO of IBP • Became co-operating officer of Tyson Foods • 2003 - named president and chief operating officer

  27. Why Bond?? • Was put in to cut costs • Is supposed to develop a plan for large expansion overseas • Is expected to return the company to profitability

  28. Leadership Characteristics • Rigid / Cut throat • Dependable • Responsible • Task Oriented / Low LPC Leader • Type B personality • Pragmatic & Methodical • High Power Distance

  29. Strengths & Weaknesses

  30. Is Bond Effective? • Marginally! • Stock has done nothing since Bond became CEO • (June 16th - $14.51  December 10th - $15.32) • Has cut expenses by $200,000,000 • Eliminated 4,200 Jobs • Have not seen any overseas significant growth • Lowered FY 2007 Estimates • Reported Q4 profit, but lowered FY 2008 estimates • Bad press has set Tyson back • Agreed to Synthetic Fuel Joint Venture

  31. Richard H. Lenny • CEO of Hershey’s, Inc.

  32. Hershey’s, Inc. • Established in 1894 by Milton S. Hershey • considered one of the largest chocolate companies in America • Hershey's Kisses chocolates were first introduced in 1907 • Mr. Goodbar was introduced in 1925, Hershey's Syrup in 1926, chocolate chips in 1928, and the Krackel bar in 1938

  33. Richard Lenny • Graduated from Kellogg Graduate School • Worked for Kraft Foods • 2001 became CEO of Hershey’s • Will retire December 31, 2007

  34. Leadership Characteristics • Innovative • New products • New markets • Focused on Future • New CEO

  35. Characteristics to Success • Communication Skills • Informs employees and retailers • Strategic Vision • New displays • Cut costs

  36. Strength vs Weakness

  37. Effective? • YES! • Increased net income • Various other achievements

  38. Compare Contrast

  39. Leaders With A Vision • No Vision – Richard Bond

  40. Financial Crisis Repair • Richard Bond • David Murdoch

  41. Inspiration & Motivate Employees

  42. So Who’s The Best? 1. 2. 3. 4. 5.

  43. Questions? Comments? Concerns? • Oriah Ben-Gal - Kimberly Chidester - Nina Dobrowolski - Cherish Landers - Charity Ross

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