Formosa Plastic Group (FPG) was founded in 1954 and headquartered in Taipei‚ Taiwan with over 47‚000 employees. FPG was the largest private diversified chemical company that produced and sold a broad range of products which mostly related to plastic. It also operated 6000 bed hospital‚ medical college‚ a nursing school‚ and a technical college. FPG was organized into three major corporations and other affiliated companies. Those three major corporations are Formosa Plastics‚ Nan Ya
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Case 25-3 Formosa Plastics Group For many years‚ managers at Formosa Plastics Group (FPG) used a management control system with an element that was somewhat unique for a large corporation – all employees were evaluated subjectively. In making their judgments‚ evaluators looked at objective performance measures but subjectively made many adjustments for factors they deemed to be beyond the employee’s control. One effect of this system was that bottom-line profit was not even considered in the evaluations
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Formosa Plastic Group FPG is a diversified chemical company headquartered in Taipei‚ Taiwan providing a broad range of products including plastic products‚ carbon fiber‚ processed PVC products among its many products. FGP is organized into three main corporations each is composed of multiple divisions responsible for a product line. The division managers were given autonomy to make production and marketing decisions of their business within the scope of approved authorization. However‚ administrative
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SWOT: FORMOSA PLASTICS GROUP Strength 1. FPG is the largest private company in Taiwan‚ and it is a top petrochemical multinational company in the world (Brand‚ reputation‚ customer basis). It has been profitable for 30 years. 2. Economies of scale: 1) A diversified company with extensive business divisions Lower costs; 2) Is able to make sizable investment in improvement (R&D‚ management)‚ which contributes to more attractive products and lower costs 3. Internal management 1) Has a detailed
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Formosa Plastics Vinyl Chloride Explosion Formosa Plastics USA Illiopolis‚ IL April 23‚ 2004 TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY 2 2.0 DISCUSSION 2 3.0 RECOMMENDATIONS
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Formosa Taiwan‚ some say it’s a country and some say it is a part of China. To me‚ I don’t really care whether it’s a country or not. To me it’s a fun little island I call home. This little island sits in Southeast Asia and not too far off the coast of China; apparently it’s possible to go from Taiwan to China by swimming. This particular island is interesting to me not only because it’s where I’m from but also the history that it has endured. It’s unique history sets Taiwan apart from the other
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Where is the next place that you plan to visit? If it is still up in the air‚ I suggest that you should visit this beautiful island‚ Formosa. Long time ago‚ a person who came from Spanish went to the beautiful island‚ Taiwan‚ and he gave this island a name‚ Formosa. There are many things is very valuable to visit in Taiwan. Let me show you. First‚ what I want to show you is the National Palace Museum. There are much Chinese art and crafts in here‚ and its collections include ceramics‚ porcelain
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To be or not to be that is the question for whatever is to be is not to be that is the problem. Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully. 1) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on
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Diego Rodrigues Mendes Alves Course: Paper or plastic Paper or Plastic? Can we answer the question? Why should we be worried about the kind of bag we use to carry our purchases? We have to make so many decisions when we are shopping that we should not have to be worried about how we will carry our things home. However‚ if you want to help the environment and our society to decrease the wasting of materials and pollutants‚ and as a consequence improve our quality of life‚ you should be concerned about
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substances originating from living organisms‚ or artificial materials that are similar enough to plant and animal matter to be put to use by microorganisms ------------------------------------------------- ONE OPTION: BIODEGRADABLE Plastics Biodegradable plastic is plastic that has been treated to be easily broken down by microorganisms and return to nature. Many technologies exist today that allow for such treatment. Currently there are some synthetic polymers that can be broken down by microorganisms
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