Premium Essay

Formosa Plastic Group

In:

Submitted By diboss
Words 925
Pages 4
1-Management Concept:

FPG's value belief of Diligence and Frugality backs its commitment to excellence.
As society advances, the will to strive for excellence is an objective that can never be fulfilled so there will always be room for improvement. The sustainability of the group, seek to contribute to society through the business activities. It is their goal to become the world's leading enterprise in which employees have security, investors find confidence, and society places trust
FPG believe it is necessary to earn sufficient profit to ensure our employees' welfare
The primary function, according to the operational belief and practice, is to set up various improvement systems, work regulations, and operating standards, making the Corporate Governance

2-As we mentioned before, The Chairman and the president are brothers and they are the one who found the company and ruling it.
Chairman – Founder : Wang Yung-ching
President : Wang Yung-tsai

President Office:
A unique feature of the corporate organization was a large (340-person) “president’s office” comprised of 15 “teams” of specialists whose function was to help division management. The president’s office form of organization began when the corporation was small. The central staff personnel set up procedures, trained management, monitored performance, and facilitated the spreading of effective practices from one division to others. Some division managers had referred to the staffs as “the Red Guard.” But more recently, with increased management professionalization, the staff teams placed greater emphasis on cooperating with division management. They still ensured that the divisions’ operating systems (e.g. accounting, procurement, construction, warehousing) conformed to corporate standards. In addition, each company has its own accounting, administration, warehousing and shipping, technical

Similar Documents

Free Essay

Steel Industry

...customers in markets where demand is surging for Japanese products such as cars. The company’s challenge will be to cope with the high cost of setting up a plant at a time when China’s slowing economy is causing a glut, said Shinya Yamada, an analyst with Credit Suisse Securities Japan Ltd. “It’s no use to go ahead with the project when the industry is struggling with excess steel supply,” said Yamada, who has an outperform rating for JFE shares. “The risk is high.” JFE rose 0.9 percent to 1,310 yen in Tokyo, paring the stock’s decline this year to 6 percent. The key Nikkei 225 Stock Average has gained 13 percent since Jan. 1. Feasibility Study JFE is studying whether to build integrated steelworks in Vietnam with Taiwan’s E United Group, which secured a site in the Dung Quat Economic Zone of the nation’s Quang Ngai Province, the Japanese company said in March. JFE will examine the feasibility of starting operations in 2016 with a capacity of 3.5 million metric tons a year, mainly of steel sheets, it said in the March 27...

Words: 782 - Pages: 4

Premium Essay

What This

...Seminar – 7 Chapter 7 Financial Responsibility Centers Financial Result Control System Financial Result Control System results are defined in monetary terms, most commonly in terms of accounting measures such as revenues, costs, profits, and returns. Advantages of Financial Result Control System  Financial objectives are paramount in for-profit firms.  Financial measures provide a “summary” measure of performance by aggregating the effects of a broad range of operating initiatives across a possibly broad range of markets, products, or activities into a single or a few measures.  Most financial measures are relatively precise and objective.  The cost of implementing financial result controls is often small relative to that of other forms of management control. Types of financial responsibility centers Investment centers Investment centers are responsibility centers whose managers are held accountable for the accounting returns on the investment made to generate those returns. Profit centers Profit centers are responsibility centers whose managers are held accountable for profit which is a measure of the difference between the revenues generated and the costs of generating those revenues. The goal for not-for-profit organization is to break even, or perhaps even incur limited losses. However, for-profit entities is normally not considered desirable to generate higher profits than those budgeted. Two limited forms:  When sales-focused entities are made into...

Words: 7136 - Pages: 29

Free Essay

Investigation Report

...U.S. CHEMIC AL S AFETY AND H AZ ARD INVESTIG ATION BOARD INVESTIGATION REPORT LPG FIRE AT VALERO – MCKEE REFINERY (Four Injured, Total Refinery Evacuation, and Extended Shutdown) Photo: Associated Press VALERO ENERGY CORPORATION SUNRAY, TEXAS FEBRUARY 16, 2007 KEY ISSUES: • FREEZE PROTECTION OF DEAD-LEGS • EMERGENCY ISOLATION OF EQUIPMENT • FIREPROOFING OF SUPPORT STEEL • FIRE PROTECTION FOR HIGH PRESSURE LPG SERVICE • CHLORINE RELEASE REPORT NO. 2007-05-I-TX JULY 2008 Valero - Sunray July 2008 Contents EXECUTIVE SUMMARY ..........................................................................................................................6 1.0 INTRODUCTION .........................................................................................................................10 1.1 1.2 2.0 Background....................................................................................................................... 10 Investigative Process......................................................................................................... 10 VALERO ENERGY CORPORATION.........................................................................................11 2.1 2.2 McKee Refinery................................................................................................................ 11 2.3 3.0 Company History .......................................................................................

Words: 13395 - Pages: 54

Premium Essay

Student

...From Followers to Market Leaders: Asian Electronics Firms in the Global Economy Henry Wai-chung Yeung Department of Geography, National University of Singapore, 1 Arts Link, Singapore 117570 (Tel: 65-6516 6810; Fax: 65-6777 3091; Email: HenryYeung@nus.edu.sg; Homepage: http://courses.nus.edu.sg/course/geoywc/henry.htm) Forthcoming in Asia Pacific Viewpoint, Vol.48(1), pp.1-30, 2007. Acknowledgement An earlier version of this paper was presented as the Asia Pacific Viewpoint Lecture at the International Geographical Union Regional Congress, Brisbane, Australia, 3-7 July 2006. I would like to thank Asia Pacific Viewpoint and the editor, Warwick Murray, for inviting and funding me to deliver the lecture. Conference participants also offered some useful comments. The paper was subsequently revised and reworked while I was a Visiting Researcher at the International Centre for the Study of East Asian Development (ICSEAD), Kitakyushu, Japan, 10 July to 9 September 2006. I am very grateful to ICSEAD for its generous Visiting Researcher scheme and ICSEAD colleagues for their comments on an earlier version of this paper that was presented at an ICSEAD public seminar and appeared as an ICSEAD Working Paper (No.2006-16). Further helpful comments from anonymous reviewers are much appreciated. The NUS Academic Research Fund (R-109-000-050-112) supports the research project underpinning this paper. I am grateful to all corporate and institutional interviewees for their generosity and helpfulness...

Words: 14480 - Pages: 58

Free Essay

Finance

...ASIAN CASE RESEARCH JOURNAL, VOL. 16, ISSUE 1, 183–224 (2012) AcRj Taiwan DRAM Industry in 2009 This case was prepared by Professor Chien-Nan Chen of National Dong Hwa University, Taiwan and Professor Chengli Tien of National Taiwan Normal University, Taiwan, as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative or business situation. Please address all correspondence to Professor Chien Nan Chen, Department of Business Administration and Graduate Institute of Logistics Management, National Dong Hwa University 1, Sec. 2, Da Hsueh Rd., Shoufeng, Hualien 97401, Taiwan. E-mail: cn_chen@ mail.ndhu.edu.tw DRAM, considered as strategic materials of the electronics industry, is like water and cannot be monopolized by Korea. Global technology companies pay much attention to how the Taiwan government supports its DRAM industry. Taiwan DRAM industry is still likely to be profitable if the Taiwan government considers its investment cautiously to help DRAM companies merge or transform1. — Frank Huang CEO of Powerchip Semiconductor Corporation Dynamic random access memory (DRAM) production and wafer foundries became two major pillars in Taiwan’s semiconductor industry beginning in the 1980s. Mosel Electronics, founded in 1987, and Acer Semiconductor Manufacturing, founded in 1989, were among the early DRAM firms in Taiwan. United Microelectronics Corporation (UMC), founded in 1980, and Taiwan Semiconductor Manufacturing...

Words: 10894 - Pages: 44

Premium Essay

Annual Report Analysis Dow & Basf

...The American University in Cairo School of Business Department of Accounting ACCT 5201 Financial Reporting & Analysis Annual Report Analysis The DOW Chemical Company BASF Chemical Company Contents A. Market Analysis and Company Overview 3 i. The Chemical Industry Overview 3 ii. Companies Overview 7 iii. Competitive Landscape 8 iv. Porter’s Five Forces Analysis 8 v. Corporate Governance 9 vi. Business Strategy 10 vii. SWOT Analysis 10 B. Financial Analysis 11 1. Horizontal Analysis 11 2. Vertical Analysis 11 3. Financial Ratios 16 A. Liquidity 16 i. Current Ratio 16 ii. Acid-Test Ratio 16 B. Activity Measures 17 i. Accounts Receivable Turnover 17 ii. Inventory Turnover 17 iii.Fixed Asset Turnover 17 C. Profitability Measures 18 i. Gross Profit Margin 18 ii. Operating Profit Margin 18 iii. Net Profit Margin 18 iv. Return on Equity (ROE) 19 D. Debt, Financial Leverage, Capital Structure 19 i. Debt Ratio 19 ii. Debt/Equity Ratio 20 iii. Dividend Payout Ratio 20 iv. Price / Earnings Ratio 21 4. Further Findings 21 i. Notes on BASF Income Statement 21 ii. Notes on Balance Sheet 22 C. Conclusion 22 A. Market Analysis and Company Overview i. The Chemical Industry Overview The chemical industry creates an immense variety of products which impinge on virtually every aspect of our lives. While many of the products from the industry, such as detergents, soaps and perfumes, are purchased directly by the consumer, 70% of chemicals...

Words: 6002 - Pages: 25

Premium Essay

Labor Law

...CHAPTER 9 LABOUR PRACTICES AND WORKING CONDITIONS IN TNCS: THE CASE OF TOYOTA KIRLOSKAR IN INDIA KRISHNA SHEKHAR LAL DAS & SOBIN GEORGE 1. INTRODUCTION The study on the working conditions and labour practices in Toyota Kirloskar in India is part of the network research on Transnational Corporation Monitoring in Asia. Since 2002 the Asian Transnational Corporation (ATNC) Monitoring Network has been operational to build up a regional network through which labour organisations in different Asian countries can pursue concrete solidarity actions to improve working conditions of workers employed in transnational corporations (TNC). Against this backdrop, it is aimed to have a closer look at the labour management and forms of employment in automobile and electronics sectors invested by Asian TNCs in Asia. As part of this endeavour, the Centre for Education and Communication (CEC), New Delhi collaborated with the network research coordinated by Asia Monitor Resource Centre (AMRC), Hong Kong to observe the labour practices of Asian TNCs invested in India. In the first phase the network research focused on the movement of capital and its impact on labour by engaging desk research on foreign direct investment (FDI) flows and related aspects. In the current phase, emphasis is on specific cases of labour practices and labour conditions in selected ATNCs. 1.1 Methodology The present study is situated in the wider context of the dichotomy between labour and capital. The changes of production...

Words: 32270 - Pages: 130

Premium Essay

Ttofoffffffffff

...ECONOMICS AND MANAGEMENT IN DEVELOPING COUNTRIES FDI IN INDIA PAST, PRESENT AND FUTURE | | | |PROFESSOR Pushan DUTT |TEAM MEMBERS | | | | | |Ajay BANSAL | |INSEAD |Gurjeet SINGH | |SINGAPORE CAMPUS | | | | | Introduction to FDI Foreign Direct Investment (FDI) broadly encompasses any long-term investments by an entity that is not a resident of the host country. Typically, the investment is over a long duration of time and the idea is to make an initial investment and then subsequently keep investing to leverage the host country’s advantages which could be in the form of access to better (and cheaper)...

Words: 4696 - Pages: 19

Premium Essay

Eastern Asian Enterprise Structures-

...Eastern Asian Enterprise Structures and tlie Comparative Analysis of Forms of Business Organization Richard D. Whitley Abstract Richard D. Whitley Manchester Business School, Manchester, U.K. The economic success of different forms of business organization in East Asian countries emphasizes the variety of viable enterprise structures and suggests the need for a comparative analysis of how they develop and operate in different societal contexts. Major differences between East Asian business 'recipes' include the range of activities that are authoritatively coordinated, their pattems of development, the ways in which they are organized and controlled and the organization of inter enterprise relations. These differences suggest eight major dimensions on which dominant enterprise structures in different societies can be compared and how their development can be linked to major social institutions. Introduction Organization Studies 1990,11/1:047-074 © 1990 EGOS 0170-8406/90 0011-0003 $1.00 The economic success of Japanese firms over the past 40 years has emphasized the viability of alternatives to United States management structures and practices, as well as highlighting the limited generality of the business strategy-structure relationships identified by Chandler (Alford 1976; Kagono et al. 1985: 99-110; Maurice et al. 1986). Whereas it may have seemed reasonable in the 1960s and 1970s to regard Japanese organizational practices and forms as temporary stepping stones...

Words: 12884 - Pages: 52

Premium Essay

Htc One M9 Analysis

...A Progressive Digital Media business COMPANY PROFILE HTC Corporation REFERENCE CODE: D030D163-1966-4A48-AE13-80DC33BF7F54 PUBLICATION DATE: 9 Oct 2015 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. HTC Corporation TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 Business Description...........................................................................................4 History...................................................................................................................5 Key Employees.....................................................................................................8 Key Employee Biographies..................................................................................9 Major Products and Services............................................................................14 Revenue Analysis...............................................................................................15 SWOT Analysis...................................................................................................16 Top Competitors.................................................................................................21 Company...

Words: 8197 - Pages: 33

Free Essay

Contemporary Business

...of Arkansas Louis E. Boone University of South Alabama BUSINESS 14TH EDITION Contemporary . . . at the speed of business “The 14th edition of Contemporary Business is dedicated to Joseph S. Heider, who brought me to John Wiley & Sons. Thank you, Joe.” —Dave Vice President & Executive Publisher Acquisitions Editor Assistant Editor Production Manager Senior Production Editor Marketing Manager Creative Director Senior Designer Text Designer Cover Designer Production Management Services Senior Illustration Editor Photo Editor Photo Researcher Senior Editorial Assistant Executive Media Editor Media Editor George Hoffman Franny Kelly Maria Guarascio Dorothy Sinclair Valerie A. Vargas Karolina Zarychta Harry Nolan Madelyn Lesure 4 Design Group Wendy Lai Elm Street Publishing Services Anna Melhorn Hilary Newman Teri Stratford Emily McGee Allison Morris Elena Santa Maria This book was set in Janson TextLTStd-Roman 10/13 by MPS Limited, a Macmillan Company, Chennai, India and printed and bound by R. R. Donnelley & Sons. The cover was printed by R. R. Donnelley & Sons. This book is printed on acid free paper. ∞ Founded in 1807, John Wiley & Sons, Inc. has been a valued source of knowledge and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Our company is built on a foundation of principles that include responsibility to the communities we serve and where we live and work. In 2008, we launched a Corporate Citizenship...

Words: 9095 - Pages: 37

Free Essay

Acer

...Irvine, California, 92697-4650 AUTHORS Jason Dedrick Kenneth L. Kraemer Tony Tsai October, 1999 Center for Research on Information Technology and Organizations TECHNOLOGY TO COMPETE Acknowledgement: This research has been supported by grants from the CISE/IRIS/CSS Division of the U.S. National Science Foundation, and the NSF Industry/University Cooperative Research Center, whose members include: ATL Products, The Boeing Company, Canon Information Systems, IBM Global Services, Nortel, Rockwell, Seagate Technology, Sun Microsystems and Systems Management Specialists (SMS). The authors would like to acknowledge the research assistance of Bryan MacQuarrie. They would also like to acknowledge the cooperation and assistance of numerous Acer Group executives and managers who agreed to be interviewed and provided vital data and information Acer_case_10-99.doc 2 Acer: An IT Company Learning to Use IT to Compete Jason Dedrick, Kenneth L. Kraemer, Tony Tsai I. INTRODUCTION Acer Computer is an unusual company in the personal computer industry. Companies such as Dell, Compaq and Gateway focus on designing, configuring, marketing and servicing PCs and increasingly leave the manufacturing to contract manufacturers and OEM producers. By contrast, Acer is a diversified, vertically integrated manufacturer of PCs, components and peripherals that it sells under its own brand name and on an OEM basis for other PC makers. Acer’s diversified product line resembles that of giants such...

Words: 12392 - Pages: 50

Free Essay

Assignment

...STOCKHOLM SCHOOL OF ECONOMICS Master thesis within Finance Evaluating the Performance of Socially Responsible Investment Funds: A Holding Data Analysis H. Camilla Stenström* Jessica J. Thorell** Abstract: This paper investigates the performance of regular mutual funds compared to Socially Responsible Investment (SRI) mutual funds, over the time period of January 2001 to September 2007. The paper extends the research on the performance of SRI funds by using holding data of regular funds to create replicating portfolios. In the replicating portfolios, unethical investments are excluded according to a norm-based screening list, hence creating artificial SRI funds. The replicating portfolio returns are then used as a benchmark to compare against the SRI funds’ and regular funds’ returns. Results from the study indicate that an exclusion of companies according to norm-based screening can improve a fund’s performance. However, when looking specifically at the fund management of SRI funds, the results point towards inferior performance compared to regular funds. Key Words: Socially Responsible Investment (SRI) funds, ethical investments, holding data analysis, norm-based screening PhD Stefan Engström 13:15-15:00, December 14, 2007 Room 349, Stockholm School of Economics Tutor: Presentation: Venue: * 19873@student.hhs.se ** 19924@student.hhs.se H.C. Stenström and J.J. Thorell ACKNOWLEDGEMENTS Special thanks to tutor PhD Stefan Engström for all support and guidance...

Words: 18153 - Pages: 73

Premium Essay

Kotler

...obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: WMXDesign GmbH, Germany Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com) Foreword by Bayer CDs and DVDs, water bottles, sports eyewear, binoculars, helmets, storage boxes for food, car headlights, automotive roof glazing – these are just some of the everyday products that benefit from the unique properties of Makrolon®, a plastic manufactured by Bayer MaterialScience...

Words: 106805 - Pages: 428

Premium Essay

Htc & Taiwan Deelopment

...AN ANALYSIS: HTC, THE INDUSTRY AND TAIWAN GROUP PROJECT JAPAN & THE FOUR ASIAN TIGERS SMARTPHONE TABLE OF CONTENTS INTRODUCTION ......................................................................... 3 1 Taiwan's Economic History ............................................................ 4 2 Impact of Globalization on Taiwan .................................................. 5 3 PESTEL- Analysis of Taiwan .......................................................... 6 3.1 Political Aspect ............................................................................... 6 3.2 Economic Aspect ............................................................................. 6 3.3 Social Aspect .................................................................................. 6 3.4 Technological Aspects ...................................................................... 7 3.5 Environmental Aspects ..................................................................... 7 3.6 Legal Aspects ................................................................................. 8 4 Financial Markets of Taiwan .......................................................... 8 4.1 Taiwan Stock Exchange .................................................................... 8 4.2 The Bonds Market ........................................................................... 9 4.3 The Inflation Rate in Taiwan .............................................................. 9 5 The Smartphone...

Words: 11602 - Pages: 47