1. Company: Fonterra, Newzeland
About the company: It is a global nutrition company. Owned by 10,500 farmers and their families, it is united by a fundamental belief in the power of dairy to make a difference. With a can-do attitudes and a collaborative spirit, it is a world leading dairy exporter-shaping the industry in quality and innovation. It share the goodness of dairy nutrition with the world through our brands, farming and processing operations across four continents.
Strategy of the company: With global demandfor dairy continuing to grow it need to make the most of the opportunities available to Fonterra. It is taking decisive steps to meet nutritional needs in some of the world’s most exciting growth markets and continues to drive better returns for our New Zeland farmer shareholders.
Companies Ambition and Values:
Ambition: Dairy is the hero of our story. We have a pure, natural products with unlimited potential. There are nutritional possibilities they have yet to explore.
Values: Our shared values enable us to combine our personal strengths with those of others to make Fonterra stronger, better, more innovative and more successful. It could write a novel about our values. It is company that spans many countries and cultures, and values are hugely important to us.
Laws and Regulations that govern the company’s business activities are as under:
Compliance with Securities Laws: An employee who knows important information about the Company that has not been disclosed to the public must keep that information confidential. He/She may not buy or sell securities of any other company using non-public information obtained in the performance of their duties or provide that information to others.
Training: Employees are asked to refresh their education in the relevant areas every two years, and successful completion is recorded. Moreover, specific training on health care laws and regulations applicable to the business is undertaken through an extensive network of compliance officers throughout our worldwide business. Policies for selling, marketing and interacting with health care professionals.
Antitrust and Competition Laws: Employees may not engage in anti-competitive conduct and also they are not permitted to take unfair advantage of any customer, supplier, competitor or other person through manipulation and misrepresentation of material facts or other unfair dealing practice.
Management of Multicultural workforce:
The company use some of the following methods to manage the multicultural force working there:
Promote diversity in leadership positions: This practice mainly provides visibility and realizes the benefits of the diversity in the working place.
Ward off change resistance with inclusion: It suggests to involve every employee possible in formulating and executing diversity initiatives in the company.
Foster an attitude of openness in the company: It means to encourage the employees to express their ideas and opinions and attribute a sense of equal value to all.
Utilise diversity training: It means to use diversity training as a tool to shape the diversity policy of the company.
Launch a customisable employee satisfaction survey that provides comprehensive reporting: It suggest to use the results of the conducted survey to build and implement successful diversity in the company's policies.
Treaty of Waitangi
The Treaty of Waitangi, Newzeland’s founding document, was meant to be a partnership between Maori and the representatives of the British crown. It was first signed on 6 February 1840. Although intended to create unity, different understandings of the treaty, and breaches of it, have caused conflict. From the 1970 the general public gradually came to know more about the Treaty, and efforts to honour the Treaty and its principles expended.
Yes, there is perticuler sence of New Zeland identity in the way organisation does its business because it is the New Zeland based comapny that exports
