IndexOrganizational DifferencesEmphasis on Goals, Challenges, and PlansThe Impact of Format on the Presentation of InformationOrganizational DifferencesAlthough Kellogg Company and Hormel Foods are both players in the food manufacturing industry, they have many organizational differences based on how they discuss their annual performance. First, Hormel Foods is more optimistic about growth internationally and improving overall business performance. Both companies are successful in their respective businesses, but Hormel Foods looks forward to more in the future, such as new investments and equipment. After presenting its products, Hormel Foods immediately presented its net sales, diluted earnings per share, operating profit and annual dividends, focusing more on risk factors and market risks. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Furthermore, it is evident from the annual report of Kellogg Company that their net sales have decreased in the United States, North America, Latin America, Asia Pacific, and Europe due to various reasons such as shipping problems, unfavorable pricing, and foreign currency. Nonetheless, their operating profit increased thanks to strong savings. Kellogg Company has faced many challenges recently but has managed to overcome them all by using different strategies such as cost reduction. Hormel Foods, on the one hand, quickly admitted that they had not achieved the progress expected for 2017. Their financial performance, however, was going well throughout the year and they even entered a new market, the Brazilian one. The two companies have different future prospects and also have different ways of rewarding their employees. Although they belong to the same industry, they have different types of products or even have different operations, pricing, and marketing strategies. Their annual performance varies depending on specific factors that give them different results. In short, the data in both annual reports was clear enough for stakeholders to understand and conclude how well they performed over the past year. All the important details about the companies, especially their annual performance, have been thoroughly discussed in the reports. Indeed, even a person who does not have extensive knowledge of the business world will still understand the essence of the annual reports of two successful companies. Emphasis on Goals, Challenges, and Plans In their discussion of results, Kellogg Company and Hormel Foods also emphasize their plans and goals, as well as current and future challenges. Kellogg Company faced many challenges in 2017 and is still aware of the many other risks and issues the company may face. From this perspective, it is good that they can prepare for these possible risks and develop strategies to overcome or prevent them. They talked specifically about interest rate risk, price risk and currency risk. Hormel Foods is also aware of the challenges and problems that may arise in the next few years of operation, considering the tough competition in the food manufacturing industry. They are more concerned about acquisition risks and litigation risks. Both companies also highlighted their goals and plans. Specifically, Kellogg Company plans to implement restructuring and cost reduction activities. They also have a project called “Project K” which aims to help generate more savings and strengthen existing businesses in major markets and emerging markets (Kellogg Company, 2017). On the one hand, Hormel Foods has.