netrashetty
Netra Shetty
West Liberty Foods, L.L.C. is a US meat processing company owned by the Iowa Turkey Growers Cooperative and formed in 1996[1] by a group of Iowa turkey growers,[2] and now owns four meat processing plants.[3] The company mainly produces products for customers to sell under their own brand names.[2] As of 2006, West liberty Foods was the 12th largest turkey company in the United States.[4]
Each plant, located in the three Iowa towns of West Liberty, Mount Pleasant, and Sigourney as well as Tremonton, Utah, focuses on specific aspects of the meat packing process. The West Liberty plant participates in the entire process by slaughtering animals, further processing meats into products, and packaging finished products, and the Sigourney plant focuses on the further processing step only, and the Mount Pleasant plant only packages finished product.
While West Liberty Foods has experienced growth and received industry recognition since its inception, it initially faced a difficult market for turkeys, and has experienced problems with labor discontent. Employees remain with the company for an average of nine years,[2] with more than 1500 employed.[
BE PREPARED
When ever you travel to any other country for the business. You must know about the social and business history and the folklore, current affairs (including the current relation between your and that country), the cultural values, geography, sources of pride,( artists, musicians, sports), religion, political structure and the practical matters such as currency and hour of business of that country. Because it is necessary to know about these entire thing to become a good businessman.
IMPORTANCE OF TIME
As we know that time is money in the world of business. In many countries, we are seen to be rush, in other words, unfriendly, arrogant, and untrustworthy. Almost every where, we must learn to wait patiently.
ESTABLISH TRUST
In the business product quality, prices and clear contracts are not as important as the personal relationship and trust that are developed carefully and sincerely overtime. The marketer must be established as a simpatico, worthy of the business, and dependable in the long run.
UNDERSTAND IMPORTANCE OF LANGUAGE
Language is important factor that involves the success of any organization. Because in the multinational organization do business in the different countries. There for they must know the language of that country. So we can say that management efficiency depends upon the language.
RESPECT THE CULTURE
Manners are important. The traveling sales representatives is the guest in the country and must respect the host rules. As Saudi Arabian official state in one of going.
International firm, "Americans in the foreign countries have a tendency to treat the natives as foreigners and they forgot the actually it is they who they foreigners themselves".
CULTURE EFFECT ALL BUSINESS FUNCTIONS
Culture is important for any business organization. It effect the business performance. In marketing for example, the wide variation in the attitude and values prevent many firms from using the same marketing mix in all markets.
In Japan Procter & Gambler use an advertisement for the company soap in which a man meeting women for the first time compared her skin to that of fine poreiain doll.
This add was success in the America and Europe, it insulted Japanese. So it is badly failed in the Japan. This proves that cultures effect all business functions. If the management of the organization is good then it's prove the efficiency.
ertime premium
· The organization pays the overtime premium to the employees.
Compensation for foreign qualified
· No such compensation is paid in case of foreign qualified individuals
Additional technical qualification salary
· Yes, additional benefits paid to technically high qualified personnel.
Pension policy
· Yes, the organization has pension policy for their employees.
Post retirement benefit
· Free medical treatments to self, spouse and dependent children.
Basis for pays
· The organization follows both job base pay and skill base pay policies.
· The organization has the centralized process for pays / wages establishment.
Chief executive compensation
· The compensation for chief executive is based on:
1. Qualification
2. Experience
3. Performance
4. Service length
Manager’s compensation
· The managers are offered compensation in term of salary, benefits, short term incentive and long term incentives
Professional compensation
· No response is given by the organization.
Female workers
· The organization has female workers.
· The females are being paid more as compare to male workers.
Pay policy
· The organization has secret pay policy.
· The pays are revised after every two years.
· In case of inflation, for the retire personnel there is no change in pension policy.
Relationship between productivity and salaries
· The organization believes in the relation between productivity and pays / salaries / wages.
· They have strong intensity of the relationship in the organization.
Each plant, located in the three Iowa towns of West Liberty, Mount Pleasant, and Sigourney as well as Tremonton, Utah, focuses on specific aspects of the meat packing process. The West Liberty plant participates in the entire process by slaughtering animals, further processing meats into products, and packaging finished products, and the Sigourney plant focuses on the further processing step only, and the Mount Pleasant plant only packages finished product.
While West Liberty Foods has experienced growth and received industry recognition since its inception, it initially faced a difficult market for turkeys, and has experienced problems with labor discontent. Employees remain with the company for an average of nine years,[2] with more than 1500 employed.[
BE PREPARED
When ever you travel to any other country for the business. You must know about the social and business history and the folklore, current affairs (including the current relation between your and that country), the cultural values, geography, sources of pride,( artists, musicians, sports), religion, political structure and the practical matters such as currency and hour of business of that country. Because it is necessary to know about these entire thing to become a good businessman.
IMPORTANCE OF TIME
As we know that time is money in the world of business. In many countries, we are seen to be rush, in other words, unfriendly, arrogant, and untrustworthy. Almost every where, we must learn to wait patiently.
ESTABLISH TRUST
In the business product quality, prices and clear contracts are not as important as the personal relationship and trust that are developed carefully and sincerely overtime. The marketer must be established as a simpatico, worthy of the business, and dependable in the long run.
UNDERSTAND IMPORTANCE OF LANGUAGE
Language is important factor that involves the success of any organization. Because in the multinational organization do business in the different countries. There for they must know the language of that country. So we can say that management efficiency depends upon the language.
RESPECT THE CULTURE
Manners are important. The traveling sales representatives is the guest in the country and must respect the host rules. As Saudi Arabian official state in one of going.
International firm, "Americans in the foreign countries have a tendency to treat the natives as foreigners and they forgot the actually it is they who they foreigners themselves".
CULTURE EFFECT ALL BUSINESS FUNCTIONS
Culture is important for any business organization. It effect the business performance. In marketing for example, the wide variation in the attitude and values prevent many firms from using the same marketing mix in all markets.
In Japan Procter & Gambler use an advertisement for the company soap in which a man meeting women for the first time compared her skin to that of fine poreiain doll.
This add was success in the America and Europe, it insulted Japanese. So it is badly failed in the Japan. This proves that cultures effect all business functions. If the management of the organization is good then it's prove the efficiency.
ertime premium
· The organization pays the overtime premium to the employees.
Compensation for foreign qualified
· No such compensation is paid in case of foreign qualified individuals
Additional technical qualification salary
· Yes, additional benefits paid to technically high qualified personnel.
Pension policy
· Yes, the organization has pension policy for their employees.
Post retirement benefit
· Free medical treatments to self, spouse and dependent children.
Basis for pays
· The organization follows both job base pay and skill base pay policies.
· The organization has the centralized process for pays / wages establishment.
Chief executive compensation
· The compensation for chief executive is based on:
1. Qualification
2. Experience
3. Performance
4. Service length
Manager’s compensation
· The managers are offered compensation in term of salary, benefits, short term incentive and long term incentives
Professional compensation
· No response is given by the organization.
Female workers
· The organization has female workers.
· The females are being paid more as compare to male workers.
Pay policy
· The organization has secret pay policy.
· The pays are revised after every two years.
· In case of inflation, for the retire personnel there is no change in pension policy.
Relationship between productivity and salaries
· The organization believes in the relation between productivity and pays / salaries / wages.
· They have strong intensity of the relationship in the organization.
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