Kellogg’s Cereal: A Story Of Missed Strategic Opportunities
WK Kellogg – inventor of cereal – is being bought by Italian candy maker Ferrero for the soggy-sounding price of $3 billion. Here are two big lessons from the end of a company that once dominated an entire aisle in grocery stores: 1. Businesses have a shelf life – All the preservatives in the world weren’t going to save Kellogg’s cereal, which tied itself too tightly to two very off-trend components: sugar and milk. To give...