Question: industry they created will depend on their ability to adapt. Each is making efforts. In some cases, those efforts are in R&D , such as

industry they created will depend on their ability to adapt. Each is making efforts. In some cases, those efforts are in R&D, such as Nestl working to develop a "hollow" sugar molecule that will let it make the same candies with 40 percent less sugar. In other cases, established companies are acquiring successful niche brands-General Mills now owns Annie's, ConAgra owns Smart Balance and Udi's, Mondelz owns Tate's Bake Shop, and Kellogg owns RXBAR. But the price of acquiring hot, niche food brands is on the rise, even as Kraft Heinz's cash-on-hand declines. The bottom line: Unless Kraft Heinz can adapt to changing consumer tastes and preferences, it will continue to see both its treasured brands and its fortunes shrink. ?36
Questions for Discussion
5-16 Of the factors that influence consumer behavior, which category or categories (cultural, social, personal, or psychological) best explain Kraft Heinz's current situation?
5-17 Choose the specific consumer behavior factor (for example, culture, family, occupation, attitudes) that most accounts for Kraft Heinz's current situation.
5-18 With respect for buying groceries, discuss the buyer decision process and how it has changed in recent years.
5-19 Make recommendations for Kraft Heinz that you think will turn its situation around.
 industry they created will depend on their ability to adapt. Each

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!