National Kaohsiung First University of Science and Technology

1
National Kaohsiung First University of Science
and Technology

• Formosa Plastics Group
• Business globalization

Instructor ??? Students ???A 9111055
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2
Report Outline

• Definition of Business globalization
• Policies of Formosa Plastics Groups
  globalization
• The organization and operational structure of
  The Formosa Plastics Group
• Environment Protection
• Conclusion

3
Definition

• Business globalization is a global economy
  necessitates adjustment by local economies and
  debatably impacts human welfare and the local
  environments.

4
Policies

• Formosa Plastics Group transferred the center
  places of production to the continent which has
  advantageous condition to operate a company to
  balance the costs of the wage.
• They supply various standards of production to
  satisfy any requirements of customer.

5
Organization and Operational Structure

• Division System
• each company is divided into divisions by
  product or service.
• Management by Objective
• By analyzing the difference between the
  objective and actual performance, we can
  identify areas for improvement.
• Individual Performance Reward System
• Bonuses are given as a reward to an employee in
  proportion to his performance.

6
Environment Protection

• The most effective way to achieve our
  environmental goals is to reduce the creation of
  pollution at the source.
• It is the policy of this Group that equal
  emphasis be placed upon industrial development
  and environmental protection.

7
Conclusion

• With over 40 years of development, the Formosa
  Plastics Group is now the largest private
  enterprise in Taiwan.
• The Group includes Formosa Chemicals Fibre
  Corporation, Formosa Petrochemical Corporation,
  and more than 20 other investments in Taiwan, the
  united States, China, and Indonesia, in addition
  to several large educational and medical
  organizations.