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Formosa Plastic Group

In: Business and Management

Submitted By diboss
Words 925
Pages 4
1-Management Concept:

FPG's value belief of Diligence and Frugality backs its commitment to excellence.
As society advances, the will to strive for excellence is an objective that can never be fulfilled so there will always be room for improvement. The sustainability of the group, seek to contribute to society through the business activities. It is their goal to become the world's leading enterprise in which employees have security, investors find confidence, and society places trust
FPG believe it is necessary to earn sufficient profit to ensure our employees' welfare
The primary function, according to the operational belief and practice, is to set up various improvement systems, work regulations, and operating standards, making the Corporate Governance

2-As we mentioned before, The Chairman and the president are brothers and they are the one who found the company and ruling it.
Chairman – Founder : Wang Yung-ching
President : Wang Yung-tsai

President Office:
A unique feature of the corporate organization was a large (340-person) “president’s office” comprised of 15 “teams” of specialists whose function was to help division management. The president’s office form of organization began when the corporation was small. The central staff personnel set up procedures, trained management, monitored performance, and facilitated the spreading of effective practices from one division to others. Some division managers had referred to the staffs as “the Red Guard.” But more recently, with increased management professionalization, the staff teams placed greater emphasis on cooperating with division management. They still ensured that the divisions’ operating systems (e.g. accounting, procurement, construction, warehousing) conformed to corporate standards. In addition, each company has its own accounting, administration, warehousing and shipping, technical…...

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