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Copy of Management (Top Glove Comapany)

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mr hadri

on 14 July 2013

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Transcript of Copy of Management (Top Glove Comapany)

TOP GLOVE
A rubber glove manufacturer

Company owns and operates 23 factories with location in Malaysia, Thailand, China and etc.

World's largest rubber glove manufacturer

The first rubber glove maker
INTRODUCTION
Introduction Con. :
Organization Chart of TOP GLOVE

Aims to become a one-stop shop for gloves

Exports to more than 750 customers in about 185 countries

Able to manufacture 27 billion pieces of gloves a year.
Career of
Tan Sri Dato Sri Lim Wee Chai
Chairman
of
TOP GLOVE
The founder of the Top Glove

Capturing about 26% of the world market share

Operates 23 factories with a total of 437 production lines in Malaysia, Thailand and China.
SWOT ANALYSIS
Strengths :
Largest market share in glove industry

Established the Top Glove foundation to empower, employees based on merit, the needy and the less fortunate

Goods and service design are Top Glove's gloves are protecting to lives and the price of it are low compare to other glove brands.
Weakness :
Have not long-term contracts in the business

Invest heavily in modern machinery and need to hire more experienced personnel in their production process

The facility layout problem
Threat :
Competitors- Hartalega Holdings Bhd. :Having quite
good performance

Government regulations- minimum wage policy: raising retirement age, set a minimum wage for all the workers
-removal of subsidies from natural gas( Make up 8% in the production )

Problem of labor shortage
Grand Strategies :
PLANNING
&
STRATEGIC MANAGEMENT

Background of Top Glove
Taking a classic organic growth strategy

Demand Drivers have remained steady

Geographic advantage in being located close to rubber plantations and market share edge

Offers the full range of services
Basic Strategies used to respond uncertainty :
(DEFENDER)
Promoting its business direction of 3 ''Top''

Reckon that the stronger players are in a position to gain market share

The stocks of the top glove manufacturers are hit hard
Competitive Strategy :
Cost-leadership strategy
:

Put a lot of effort on R&D

Cooperate with Rubber Research Institute of Malaysia (RRI) and Lembaga Getah
Malaysia (LGM)
Competitive Strategy Con.
Successfully make improvement: savings in maintenance costs of machines and times of producing, produce new products to meet customer's requirements

Export their products in over 185 countries

Price of products cheap (no promotion)
Cost-focus strategy
:

Produce rubber glove that specially used in certain industry

Medical and healthcare industry
Competitive Strategy Con.
Opportunities :
Influenza A (H1N1) widespread in human
-raising concerns related to health and hygiene in certain countries.
-demand for the gloves is increasing

Low prices of raw materials in producing rubber glove

Government backing
-Expect that rubber glove industry will achieve high export value that will boost up the economy.
Recommendation
Strength :
Good branding and image

High quality product

Worldwide business
Recommendation :
Attract more shareholder and investor

Increase the customer favorable impression

Know about other countries
technology and
new advance technology
Opportunities :
Healthy have become most important

Current low prices of natural rubber

Good relationship with government
Recommendation :
Increase their customer with the idea of wearing gloves for work to protects us from the illness

Increase production

Apply subsidies
Weakness
Recommendation
OVERCOME
Threats
1st.
Top Glove has no long term contract in its business
2nd.
Illegal labor issues
3rd.
Large amount of modern machinery which are not used commonly by other manufacturer within the same field
Put more effort on searching companies which are willing to sign a long term contract.

Could offer some benefits to attract companies
Hire local workers
Give out scholarship to people with qualifications to study about the machinery so that they could use the people in their company when they are graduated.
Recommendation
1st.
Existence of competitors
Come out with more idea to attract more customers
2nd.
The minimum wage policy of setting the retirement payment
3rd.
The removal of subsidies for the natural gas
Cut down the amount of workers in the company and replace it with robots
Increase the price of the product
Utilizing

Example:
Surgical glove

Soft nitrile examination gloves
Competitive Strategy Con.
FHBM1114 MANAGEMENT
TUTOR: MS. KAVITHA
Group Member
ID No
Rishon Shun
Edward Toh Shi Chieng
Mun Hui Ching
Douglas Ling Sye Fun
Teh Cheng Teck
Yeo Yong Cheng
Chong Wei Lun
1202930
1204628
1204292
1202327
1206026
1203806
1204013
Full transcript