Preview

application of lean principles in a company study

Good Essays
Open Document
Open Document
1827 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
application of lean principles in a company study
HistoryPROCESSE and its EQUIPMENTS
START

The IPI Foundation Inc has been in existence for three years. However, under the name of Don Go Lam Foundation (1993-2006), the Foundation has been in operation for 16 years. Owned and operated by the owners of the International Pharmaceuticals Incorporated (IPI), the IPI Foundation is the company’s expression of its corporate social responsibility. The company is founded by the Wong-Castillo family, one of Cebu’s prominent successful Filipino-Chinese industrialists.
IPI just celebrated its 50th founding anniversary in May 2009. From its humble beginnings as producer of liniment preparation, IPI has now diversified into a wide variety of product lines from detergents, food supplements, anti-septic compounds, processed foods, among others. In celebrating its achievements, IPI continues to extend financial and logistical support to the IPI Foundation.
The helping hand of the company, through the benevolence of their President and CEO, the late Mr. Pio W. Castillo, Sr., or “tatay” as fondly called by all employees of IPI, was evident before the formal creation of their first foundation on March 1, 1989, the Bread for the Philippines Foundation, Inc. was born out of the company’s desire to extend their philanthropic act not only their employees but also to the communities anywhere in the Philippines. As aptly said by him, “the company is morally obliged to give back a portion of the profit that we got from the Filipino people.”
The Bread for the Philippines Foundation inc., sometime in May 1989, in tandem with the USAID, undertook reforestation project and donated artesian wells in the mountain barangays of Carmen and Borbon, Cebu. The initial were successful but the foundation’s remaining activities had to be stopped temporarily due to the creation of another foundation in honor of their late father, Don Go Lam. The Don Go Lam Foundation, Inc., was registered with the Securities and Exchange Commission on April 22,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Essay Question: Although the 13 American colonies were founded at different times by people with different motives and with different form of colonial charters and political organization, and the 13 colonies had become remarkably similar. Assess the validity of this statement.…

    • 430 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Applying Lean Management

    • 1969 Words
    • 8 Pages

    Depth and breadth of conceptual understanding shown by links to academic literature to explain your case study analysis; (30%)…

    • 1969 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    In the novel, “Romeo and Juliet” by Shakespeare fate was the cause of almost all events of the book. Fate is defined as, “the development of events beyond a person's control, regarded as determined by a supernatural power”. Throughout the whole book the decisions that Romeo and Juliet make have obvious outcomes that seem to be invisible to the characters. The three main events that occur during the novel that helped Romeo’s and Juliet’s fate be determined are when the two found out which families they came from, when Romeo, Juliet, and the Friar thought that it was a great idea for the lovers to get married, and when Juliet decides to fake her death.…

    • 1304 Words
    • 6 Pages
    Better Essays
  • Good Essays

    In lean thinking, the value provides activities or care for patient/customer and making sure the customer/patient is the center of healthcare professional priority and any activity that need to be given should be provided. With the principle of value (patient), value stream (eliminating), flow, pull, and perfection…

    • 48 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Iggy's bread of the world

    • 281 Words
    • 2 Pages

    Iggy’s Bread of the World is an incredibly unique company. The niche that has made this company so successful is the commitment to the core compentency which is baking bread in a way that makes the person making the bread have a deep connection with the preparation and baking of it. Also, there is much thought and effort to find quality materials that help make the bread. It is this attention to detail and passion for the process of baking and delivering bread that has brought Iggy’s the success it has seen since it’s inception in xxxx. The success that Iggy’s has seen has also created the need for the company to expand in order to meet the growing demands of new customers. While the owners, Igor and Ludmilla Ivanovic, have done a wonderful job creating a culture that is necessary for the type of work ethic they require to produce the high quality product their customers have grown to expect, they were aware that they would need help to grow the company to a size that could meet the growing demand that their product was getting.…

    • 281 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Question What forces of physics and hydrodynamics are applied to surfboard shaping, and how do they affect the design of certain components? Rationale Surfing has always been my passion. I believe that there is more behind the surfboard than simply a company or local surf shop manufacturing a board based on previous designs and what feels the best for the surfer. More specifically, that certain forces of physics and hydrodynamics are applied to crafting a surfboard.…

    • 1556 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Since 2000, the company has donated five percent of its pre-tax profits to charitable organizations. In 2009, General Mills gave more than $90.7 million dollars to support education, food banks, and overseas development. For example, through General Mill’s ‘African Women and Children’s Hunger Project, experts share food growing technologies with villagers in Africa. 15,000 villagers now have access…

    • 1950 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The Lean Startup model is a scientific method designed to help businesses get the desired product to customers faster by shorterning the product development cycle. Lean manufacturing, which has been around for decades, aims to create more value with fewer resources. However, what if a company was efficient at creating a product that was not in demand?…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Felix Maramba is the president of the Philippine Association of Flour Millers, Inc. Felix Maramba wrote: Biogas and Waste Recycling, The Philippine Experience.…

    • 1496 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Organization Ananlysis

    • 1194 Words
    • 6 Pages

    MASIPAG takes an active stand on national and global issues that affect the food security and sovereignty of resource-poor Filipino farmers. It advocates farmers’ control on seeds and technologies, genuine agrarian reform and opposes globalization of agriculture, biopiracy, and the patenting of life forms, genetic engineering, and the entry of GMOs in the country. MASIPAG also links with local, national and international groups working on…

    • 1194 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    This campaign can also be a big help in letting other countries know what the Philippines can offer. The things that no other countries can offer.…

    • 432 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    History of Business

    • 449 Words
    • 2 Pages

    In 1994, Ms. Jocelyn D. Castro and Mr. Javier D. Taipan General Services. Its office is located in Shaw Blvd. Mandaluyong City.…

    • 449 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Paper for: WIMPS presentation Tuesday, October 28, 2008 1:00 – 2:30 Walker II Building conference room, #201-B IUPUI By: Marty Sulek Ph.D. Candidate Indiana University Center On Philanthropy Phone: (765) 468-4909 Cell: (765) 546-0859 E-mail: msulek@iupui.edu Box 236 103B North Main St. Farmland, IN 47340…

    • 5833 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    Business Papers

    • 10638 Words
    • 43 Pages

    Executive Summary I. Situation Analysis 1. Internal Analysis Mission Fifth Fusion Team is a non-profit organization, aimed at offering alternative solutions towards healthy living that are economically friendly, inexpensive and adaptable. We view ourselves as partners with the residents, the local government and the community as a whole. Vision The vision of Fifth Fusion Team includes the commitment to inspire Filipino communities by leveraging their standard living and promoting new knowledge and values towards healthy living. Team’s Philosophy We the Fifth Fusion follow a certain moral philosophy: to devote ourselves and expertise to provide solutions through products and services that promotes unity or Bayanihan in the Filipino communities across the country. Analysis of Team’s available resources (financial, marketing, managerial, human resources and other resources) The team’s knowledge in social marketing and community development, their ability to generate solutions to the existing problems of the community, ability communicate effectively, and explain the benefits of the programs in a compelling or convincing way, and their commitment and passion to carry out the mission and share vision of the team are the key qualities of the team to succeed in their social marketing programs. The willingness of the target market to respond to the social marketing program is also a key factor to success. Another key factor is the availability of funds that will provide for the team’s proposed intervention. 1…

    • 10638 Words
    • 43 Pages
    Powerful Essays
  • Satisfactory Essays

    Psychoanalysis

    • 257 Words
    • 2 Pages

    would like to help within Manila. The block’s chosen charity shall then be depicted in a poster…

    • 257 Words
    • 2 Pages
    Satisfactory Essays