INTRODUCTION
The organization that we have chosen for this assignment is Nestle Malaysia. Nestle Malaysia is a food and beverage manufacturer. Its headquarters is located in Switzerland. Nestle was first established in Malaysia in the year 1912. Nestle has many brands such as MAGGI, MILO, KIT KAT and NESCAFE. Although Nestle is an international brans but they have paid attention in producing Halal products in order to cater to everyone despite their culture and practices. Furthermore, Nestle operates with a purpose to enhance the quality of life and contribute to a healthier life in the future. Nestle also with United Nations to help 50 million children lead a healthy live, improve 30 million livelihood communities that are directly connected
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HR Management Guide (n.d.) stated that internal promotion is an active HR process whereby the high potential employees and top performers will be identified by HR which based on the company’s performance management so the identified potential employees have the opportunities to be promoted to a new job position. This is to fully utilize their potential to bring more advantages to the company in terms of competitiveness with other organization in the similar industry. Internal promotion with unfilled job positions are usually not being advertised to other internal employees for application, but to potential employees being identified (HR Management Guide, n.d.). Li (2015) indicated that Nestlé utilize internal promotion for CEO vacancy where the requirements are the employee must have the expertise in business and leadership as well as soft skills and hard skills. Through internal promotion, Nestlé would get benefits as the internal promoted employees would have understand the company’s corporate culture and this would be the added value as the employee recruited for the executive position can be easily adapt to his new jobs and the employees would have already have deep connections with the company and own a sense of belonging in the company. This can lead to a bigger contribution from the employee in his new position, help the company to reduce training costs for new external senior executive and lower the employee’s turnover rate (Li, 2015). Choosing the right person to do the right job is very crucial, therefore, the recruiters can get to know the identified internal employee through other top management members regarding his strengths and whether he would be competent at this high executive level. Example of the CEO via internal promotion in Nestlé Malaysia is Alois Hofbauer, their current Chief Executive Officer and
Nestle, an international recognized multinational corporation is the world’s leading nutrition, Health and Wellness Company. Nestlé’s mission of “Good Food, Good Life” aims at providing customers with the finest quality of nutritional choices within a wide range of food and beverage classifications (NESTLÉ - Vassos Eliades. (n.d.). Retrieved from http://www.vassoseliades.com/consumer-goods/nestle.html, para. 1). The merger in 1905 between Nestle and the Anglo-Swiss Milk Company created the Nestle we know today. Nestle is one of the world’s largest suppliers of food and nutritional products operating with 461 factories in 83 countries, with 328,000 employees worldwide (Fries, Lorin, Goldberg, Ray, 2012. Nestle: Agricultural Material
To: C. Tangeman, Vice President, PersonnelFrom: D. Gates, Media DivisionDate: October 25, 2017Subject: New Podcast for Rebel FMIntroduction and RecommendationDuring the October brainstorming session held last week, it was brought to the staff’s attentionthat we need a new platform to net viewership for the station. After two weeks of deliberation wefelt that we should maintain a platform like that of our existing radio station. The biggest hurdlewas deciding what would be both cost-effective and refreshing to newcomers and our currentaudience. The second concern was how to effectively fill the new space in the Houston studio,which is almost finished with the mandatory Harvey renovations. We thought it would be a gooduse of resources to solve both issues and create a
Boards of directors use financial statement to review and supervise the performance of management. Employees, of course, are potential users of financial statements as well. Employees can also be investors, so they need financial reports of the company to decide if it would be worthwhile to invest in the company. Also, companies pay bonuses, promote, and demote employees sometimes based on the company 's net income, which is reported on the income statement. (Users of Financial Statements, ref)
In this individual assignment, I am required to explain the expansionary aspect of a company’s business into the global landscape. I am also needed to identify, discuss and comment on the identify factors that push the organisation to expand internationally. Therefore, I had appointed the Nestlé Company in China and I am need to analyze the environment factors that may attracted Nestlé Company enter into China.
Nestlé has ten principles of business operations that everything they do in their business revolve around; Nutrition Health Wellness, Quality assurance and products safety, Consumer communication, Human Rights in business activities, Leadership and personal responsibility, Supplier and customer relations, Agriculture products, Environmental sustainability, and Water. Under each of these topics is a set of things Nestlé follows such as, making it their core aim to enhance the quality of consumer’s lives every day, everywhere by offering tastier and healthier food and beverage choices and encouraging a healthy lifestyle. Another is Nestlé, promises that everywhere in the world their products are safe and of high standard.
Anglo-Swiss Condensed Milk Company in Bishop Street, Penang was the first Nestlé office. With the continuously growth and expansion, in 1939, the company built up in Kuala Lumpur as the headquarters in order to centralise nation-wide operation. Through Food Specialities (Malaya) Ltd, Nestle opened its first factory in Petaling Jaya in 1962. This factory mainly manufactures Milo powder, the famous chocolate-based beverage, culinary sauces, chilled dairy and milk powder. With the tremendously merging and cooperation within the Nestlé group and other companies such as Cold Storage Malaysia Berhad, Nutritional Products Sdn Bhd and Food Specialist Sdn Bhd. Today, there are many Nestlé products and sells over 300 Halal products in Malaysia. Brand name such as MILO®, NESCAFÉ®, MAGGI®, NESPRAY® and KIT KAT® also become famous and trusted food brand in this generation. It is proud to mention that Nestlé Malaysia is one of the strongest companies listed on the Bursa Malaysia. The honour of the company is mainly result from the operating principle, including provide quality, reliability and convenience product to the consumer, use of good quality local raw materials and at the same time protect the environment, ensure products produced are certified HALAL by authorised Islamic certification bodies and
Nestlé has formed a well-defined roadmap to achieve its global mission statement "Good Food, Good Life" (Nestlé, 2013). Nestlé chief goals and objective is creating shared value for shareholders while at the same time also create value for society (Nestlé, 2013). Nestlé also take a long-term view, to develop principles and values that are based on respect for people, environment and the world we live in (Nestlé, 2013). Besides that, it has developed to mark their achievement that is become the benchmark of nutrition, health and wellness, sustainable financial performance and trust by all stakeholders (Nestlé, 2013). In order to maintain its goals and objective, Nestlé apply three different corporate strategies which included operational pillars, growth drivers, and competitive advantage (Nestlé, 2013). In the operational pillars strategy, there are a sub strategy is innovation and renovation. Nestlé want to be a leader in innovation and renovation no matter in products, systems or processes. They wish there are some products will be entirely new and refreshed aspect (Nestlé, 2013). Therefore, Nestlé has using their creation of Nestlé Health Science to forge a major therapeutic role for
Nestle is the world’s leading nutrition, health and wellness company. From Henri Nestlé’s humble beginnings with the first product, Farine Lactée, which revolutionized infant feeding, the company’s priorities have remained the same -about bringing high quality, safe and nutritious foods and beverages to people through all stages of life. In Nestle’s pursuit of delighting and satisfying the customers, Nestle’s products are adapted to meet local, regional taste preferences, religious and cultural sentiments and disparities in purchasing power.
Economic -Nestlé is leading company in the food industry, they share their knowledge and expertise with local small and medium companies. It helps entrepreneurs to contend in the new free trade environment which will ultimately benefit the business and the economy by making the market grow. Other than that, Nestlé also collaborates with local government to give technical assistance to farmers in planting and gathering crops. The farmers will get higher income and Nestlé will get the chance to buy good and fresh raw materials to create their products. So the company would no longer need to import raw materials where as the can buy them at a very cheap price from the locals. (Kumar et al, 2013,
Our group found out that the nestle company have use McClelland theory examined three learned needs to motivation employee. McClelland theory includes three part of need, first is need for achievement for the employee to establish challenging goals to improve employee skills and techniques and take responsibility. Second is need for affiliation to desire to seek approval, conform to others wishes and avoid conflict to maintain relationship. Third is need for power to desire to
Resources are the source of the firm’s capabilities. Resources are bundled to create organisational capabilities. Some of a firm’s resources are tangible and intangible. Tangible resources are assets that can be seen and quantified. Intangible resources include assets that typically are rooted deeply in the firm’s history and have accumulated over time. Intangible resources are relatively difficult for competitors to analyse and imitate. The four types of tangible resources are financial, organisational, physical and technological. And the three types of intangible resources are human, innovation and reputational (Hanson, D., Hitt, M., Ireland, R. D., & Hoskisson, R. E., 2011, pp. 75-78).
The business stakeholders, such as customers, employees, investors and local communities, expect companies to play a greater role in society and contribute to solving social problems and environmental challenges, such as climate change, energy scarcity, and social diversity and health risks. These expectations lead to social responsibility for businesses, but also open up new opportunities for these companies to improve their performance.
According to me Nestle have only focus on the economic responsibilities and has been concern about the shareholders acceptations than the society. There is a wide space for improvement in the company’s policies towards society and environment.
Using the current year numbers from the financial report, ratio are calculated and then compared with other companies, the industry, previous years, or even the economy to evaluate the performance of the company. Ratio analysis is the most reliable technique of analyzing a company today. There are five types of ratio that can be calculated, profitability ratio, liquidity ratio, efficiency ratio, capital structure and investors’ ratio. (Johri, 2010)
Nestlé design is to offer sheltered, wonderful, helpful and nutritious nourishments to enhance wellbeing and prosperity of buyers of any age everywhere throughout the world. To address the issues and cravings of today's and tomorrow's customers, Nestlé is unequivocally dedicated to Research and Development (R&D) to enhance items and grow new sustenance’s with particular medical advantages.