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
Premium Cost Management Cost accounting
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
Premium Marketing Economics Material
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
Premium Balanced scorecard Management Strategic management
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
Premium Cost
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
Premium Polyvinyl chloride
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
Premium Han Chinese Taiwan Republic of China
Risk Factors Risks Relating to Honda’s Industry 1. Honda may be adversely affected by market conditions Honda conducts its operations in Japan and throughout the world‚ including North America‚ Europe and Asia. A sustained loss of consumer confidence in these markets‚ which may be caused by continued economic slowdown‚ recession‚ changes in consumer preferences‚ rising fuel prices‚ financial crisis or other factors could trigger a decline in demand for automobiles‚ motorcycles and power products
Premium Japan Dividend Stock
Uncontrollable Jealousy Jealousy is a lethal weapon if used in the wrong hands. Jealousy is the feeling of resentment against someone’s success or advantages. In the texts‚ “Othello” and “How to Get into Medical School‚ Part l and Part ll”‚ the authors William Shakespeare and Vincent Lam decide to use the theme of jealousy to develop an appealing plot for the reader. The story of Fitzgerald in “How to Get into Medical School‚ Part l and Part ll” has the theme of jealousy written all over. The
Free Othello William Shakespeare Iago
criminals share a multitude of common characteristics. By analyzing these characteristics‚ a relationship can be found between uncontrollable early life factors and increased tendencies for criminal activity. These factors can be examined through 3 main lenses: social‚ economic‚ and scientific. Each lens contains substantial evidence that suggests through uncontrollable factors that directly correlate to future criminal
Premium Sociology Criminology Crime
INTERNATIONAL LAW RELATING TO FACTOR MOVEMENT Introduction In this work it will be analyzed an important issue about International Law: International Law relating to factor movement. In international economics‚ international factor movements are movements of labor‚ capital‚ and other factors of production between countries. International factor movements occur in three ways: immigration/emigration‚ capital transfers through international borrowing and lending‚ and foreign direct investment
Premium Investment International trade International law