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the case study of myt plc with questions, and answers and general information about the company
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Paper 1 overview (cont’d)
Myt PLC (Myt) is a publicly held multinational company that manufactures non-alcoholic drinks. Myt’s head office is in the US. Myt owns manufacturing factories on 6 continents. Myt has grown through internal and external growth. Initially, Myt manufactured just one drink: a root beer that was non-alcoholic, sweet, and carbonated. By 2020, Myt had developed its own large portfolio of over 30 different drinks, which it sells in bottles and cans. Myt uses social media influencers as part of its promotional strategy. Obesity and diabetes are two health issues that have been linked to drinks, many of which provide the entire recommended daily sugar intake for an adult in a single can. However, sugar substitutes used in diet drinks have also been linked to various health problems. Many of Myt’s drinks are high in caffeine and sugar. In 2023, Myt’s board of directors began a process of diversification, taking over: (i) Lotssa Coffee (LC) , a chain of coffee shops with over 4000 outlets across 35 countries, and (ii) Honest Water (HW) , a manufacturer of bottled drinking water. Myt announced plans to: (i) modernize and make its factories green, (ii) explore entering the healthy snacks market, (iii) utilize computer-generated avatars when creating advertisements, (iv) reduce caffeine and sugar levels in its products, and (v) improve its corporate social responsibility (CSR). Try to find at least 10 key terms from the case study (there are at least 15)
Myt PLC (Myt) is a publicly held multinational company that manufactures non-alcoholic drinks. Myt’s head office is in the US. Myt owns manufacturing factories on 6 continents. Myt has grown through internal and external growth. Initially, Myt manufactured just one drink: a root beer that was non-alcoholic, sweet, and carbonated. By 2020, Myt had developed its own large portfolio of over 30 different drinks, which it sells in bottles and cans. Myt uses social media influencers as part of its promotional strategy. Obesity and diabetes are two health issues that have been linked to drinks, many of which provide the entire recommended daily sugar intake for an adult in a single can. However, sugar substitutes used in diet drinks have also been linked to various health problems. Many of Myt’s drinks are high in caffeine and sugar. In 2023, Myt’s board of directors began a process of diversification, taking over: (i) Lotssa Coffee (LC) , a chain of coffee shops with over 4000 outlets across 35 countries, and (ii) Honest Water (HW) , a manufacturer of bottled drinking water. Myt announced plans to: (i) modernize and make its factories green, (ii) explore entering the healthy snacks market, (iii) utilize computer-generated avatars when creating advertisements, (iv) reduce caffeine and sugar levels in its products, and (v) improve its corporate social responsibility (CSR). Try to find at least 10 key terms from the case study (there are at least 15)
Identify and define all the key terms from the pre-release statement. (^) Key terms can be explicitly tested in the Paper 1 exam (^) Highlight all possible key terms. (^) Define all of these in the context of the business. (^) Each definition is worth up to 2 marks.
Read the pre-release statement – twice! Use the margins to make note of relevant: (^) Business management tools and theories (such as Ansoff’s matrix). (^) Decisions that need to be made (e.g., whether to enter the healthy snacks market). (^) Individuals / key stakeholder groups (e.g., the board of directors). (^) Constraints / Challenges / Threats / Limitations. (^) Issues / Conflicts / Problems. (^) Business opportunities.