The close links between Business Strategic goals and Human Resource Management in Maple Leaf Foods Inc., Canada Company background Maple Leaf Foods Inc. is well known as a leading packaged food provider in Canada with over 100 years sustainable working. Its head quarter is in Toronto, but it operates across the North of America, the United Kingdom, Mexico and Asia, as well. Since its foundation, this company has expanded primarily by merger and acquisition activities. It owned 90 percent of Canada Bread Company, Limited, found in 1911. It was created by the merger of Maple Leaf Mills Limited and Canada Packers Inc. in 1991, and these companies consisted of subsidiaries. By providing the highest quality, nutritious and innovative products to excess customers’ needs, Maple Leaf Foods is pursuing its vision to become globally admired food processing firm. It was gotten honor awards such as “Product of the Year 2011”; “Canada’s 10 most admired corporate culture”; “Best New Product Award”; “Canadian Family 2010 Food Awards”. Its total asset of 2013 was $ 3,599,092, compared with $ 3,243,696 in 2012. Net earnings of this enterprise were $ 512,163 in 2013, compared with $ 96,562 in 2012. Although, the company faced challenges caused by the increased price of raw materials and effects of macroeconomic issues; it still keep its values and be willing to change for sustainable achievement in the future. As a result of changes, Maple Leaf Foods Inc. is making an agreement to sell Canada Bread Company for Mexico's Grupo Bimbo with the price of $1.83 billion in cash in order to focus on its meat products business in 2014. The company financial report indicates its focus in 2014 with five main points. First, pricing actions to address higher ... ... middle of paper ... ...ss-operations/ (accessed March 11, 2014). 3. Inc., Maple Leaf Foods. 2011 Annual Report. Corporate Annual Report, Toronto: Maple Leaf Foods Inc. , 2011. 4. Inc., Maple Leaf Foods. Financial Statement. Corporate Financial Statment, Toronto: Maple Leaf Foods Inc. , 2013. 5. —. Maple Leaf Foods - Awards and Recognition. 2010. http://www.mapleleaffoods.com/en/corporate/company-info/awards-and-recognition/ (accessed March 11, 2014). 6. —. Maple Leaf Foods - Food for thought, working at Maple Leaf Foods. 2010. http://www.mapleleaffoods.com/en/corporate/careers/overview/ (accessed March 11, 2014). 7. —. Maple Leaf Foods - Our rich history. 2010. http://www.mapleleaffoods.com/en/corporate/company-info/our-rich-history/ (accessed March 11, 2014). 8. Inc., Maple Leaf Foods. Value added - 2012 Annual Report. Company annual report, Toronto: Maple Leaf Foods Inc. , 2012.
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Canada is the largest producer of Maple Syrup in the world, so it is no surprise that the Canadian Maple industry has changed quite dramatically in the past 25 years. According to the Government of Canada, the efficiency of maple farms has increased by almost 20% in the past 25 years. In 1981, a farm would have been able to get 1,404,000 taps. In 2006, this number had increased to 3,913,000 taps per farm. In addition to increasing efficiency, the amount of maple syrup being produced by farmers has been increasing. Production increased 17.6% to 8.6 million gallons in 2011 compared to 2010(15). Exports of Canadian maple products also saw an upward trend in the past 15 years. According to statistics on Agriculture and Agri-Food of Canada, our exports of maple products by weight grew an outstanding 63% from 1997 to 2006. The number of organic maple syrup producers has dropped as a result of stricter organic production standards(23). Because of this drop, and because most of the organic maple syrup that is produced is sold in foreign markets, there may be an opportunity to make money by producing and exporting organic maple syrup.
Maple trees first originated in China or Japan, and expand into about 100 species. " Of the four North American species good for sugaring, the hard or rock maple, Acer Saccharum, produces sap of greater quality and in greater quantity than the others and accounts for most of the syrup produced today." (On Food and Cooking, pg. 383).
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Good income statement performance is a measure of how well the company manages its core business. Although the balance sheet ratios, such as the current and debt/equity ratios, are declining slightly, the ROA, ROE, and ROIC are increasing, which is a good sign of resource management as well. 3G has noticed the opportunities for creating a synergistic venture between Burger King and Tim Hortons to become the third largest global quick service restaurant company. 3G can capitalize from Burger King’s global branding to bring Tim Hortons to locations it could not have broken into otherwise. A bonus is the location of 3G and Tim Hortons’ headquarters; both are in Oakville Ontario, Canada, which provides the company with a tax benefit and opportunities for more strategic endeavors. (Scharr and Rowe,
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The purpose of this project is to show how financially stable the Kraft Foods Group is and demonstrates what its strengths and weaknesses are. The reader can expect to find out what Kraft Food Group is and about their financial history for the last five years. This business participates in the consumer packaged food and beverage industry. The markets that Kraft Food Group sell to are the United States and Canada. Some brands that are included in this company are Kraft, Maxwell House, Oscar Mayer, Planers, Kool-Aid, Velveeta, Capri Sun, and Philadelphia to name just a few. This company was started in 1903 by James Lewis Kraft. Mr. Kraft used a wagon and horse and started selling cheese to businesses in Chicago, Illinois. In 1909,
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