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  • Posted on December 25, 2019 March 6, 2020
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Case Study of Top Glove Corporation Bhd (7113)

By Stella Goh – Market Data Analyst | 25 December 2019

Top Glove Corporation Bhd is an established Malaysia-based investment holding company founded in the Year 1991 by Tan Sri Dr Lim Wee Chai and Siew Bee Tong based in Shah Alam, which primarily involved as the world’s largest rubber glove manufacturer in Malaysia, specialise in both healthcare and non-healthcare segments.

TOPGLOV was listed in ACE Market in 2001 and successfully transformed into Main Market of Bursa Malaysia on 16 May 2002. The group serves a network of over 2,000 satisfied customers in more than 195 countries worldwide, and these numbers are still increasing. Their complete range of quality gloves at low efficient cost enables them to meet the needs of the company’s ever-expanding customer base.

Presently, TOPGLOV has few manufacturing operations spanning across Malaysia, Thailand and China. There are marketing offices in these countries as well as USA, Germany and Brazil.

Business Model

Top Glove Corporation Bhd principally involved in the business segment such as hand protection, sexual wellness, dental care and others.

TOPGLOV provides a comprehensive range of products such as latex examination gloves, nitrile examination gloves, surgical gloves, polychloroprene examination gloves, cast polyethene (CPE) gloves, thermoplastic elastomer (TPE) gloves, vinyl gloves, cleanroom gloves, household gloves, industrial gloves as well as non-gloves products such as dental dam, exercise band and condom.

Most of the glove products cater to the medical profession, surgeon, cleanrooms and industrial usage as well as aerospace, household, food and beauty industries.

Financial Review

Based on the past 5 financial years of revenue chart above, the group’s revenue grew years-on-years (y-o-y) from FY2015 (+10.33%), FY2016 (+15.06%), FY2017 (+18.03%), FY2018 (+23.81%) to FY2019 (+13.75%). On a CAGR basis, TOPGLOV has grown 16.11% based on 5 years. The increase in revenue was mainly due to robust growth in sales volume of nitrile gloves segments which saw a 30% surge, enhanced the marketing efforts as well as additional nitrile capacity which has increased by 54% over the past 2 years, with the plan for further expansion. (Source: Annual Report 2019).

Top Glove Corporation Bhd has successfully recorded a considerable RM41,627 million increase in gross profit, translating to a growth of 4.94% from RM842.4 million in FY2018 to RM884 million in FY2019. Based on 5 years CAGR basis, the group has grown 18.18%. The increase in gross profit was mainly attributed to 46% jump in volume sold for surgical glove segment which largely due to the contribution from Aspion and increases in demand for nitrile glove segment, which sales volume go up by 20.3% and 24% respectively chiefly by US and Japan. (Source: Annual Report 2019)

The Net Profit After Tax (PAT) of TOPGLOV has decreased 15.16% from RM433.2 million in FY2018 to RM367.5 million in FY2019. The decreased in Net Profit After Tax (PAT) was mainly due to the increase in latex concentrate prices, competitive environment for natural gloves as well as the losses occurred in the vinyl segment due to oversupply in China.

Cash Flow Statements

The net cash from operating activities has obtained a positive cash flow of RM526.2 million in FY2019 compared to RM341.2 million in FY2018 indicates that the company is healthy and have enough cash used for business expansion.

The net cash from investing activities in FY2019 is (-RM493.5 million) was mainly due to purchase of property, plant and equipment (RM568.1 million), purchase of land use rights (RM55.6 million), purchase of intangible assets (RM0.016 million), additions to investment property (RM0.393 million), purchase of investment securities (RM138.4 million), an increase in the bank balance pledged with banks (RM1.1 million). The negative cash flow indicates that the company is investing in its business to grow.

The net cash from financing activities in FY2019 is (-RM34.6 million) was mainly due to the transaction cost incurred (RM0.086 million), dividends paid on ordinary shares (RM217.4 million), dividends paid on non-controlling interest (RM2.7 million), repayment of loans and borrowings (RM1.2 billion).

Based on liquidity ratio calculation, TOPGLOV has a current ratio of 0.967 times in FY2019 indicates that the company may face some liquidity issue if any unforeseeable circumstances forcing the company to settle the current liabilities by using the current assets such as inventories, other current assets, tax recoverable, investment securities, derivatives financial instruments, trade & other receivables, cash and bank balances amounting to RM1.5 billion.

Prospect and Challenges

The domestic rubber sectors are expected to be a bounce-back in FY2020, as the US buyers will be likely to increase the Malaysian shipments as well as 15% additional tariff imposed on medical gloves made in China, effective from 1 Sep 2019. (Source: The Malaysian Reserve, 17Dec2019). The expected robust growth is underpinned by an expanding of the global healthcare sector as well as increased awareness of the importance of hygienic practices throughout the industry, especially the emerging markets such as India and China. (Source: TheEdge, 12Dec2019).

TOPGLOV will be in expansion mode as there is an influx of latex glove supply from Thailand-based Sri Trang Agro-Industry Pcl aims to increase the rubber glove output by about 74% to 30 billion gloves annually by the end of FY2020 from 22 billion in the nine months of FY2019. (Source: TheEdge, 12Dec2019).  TopGlove also has date established a total of 4 R&D Centres staffed by some 454 researchers (as at FY19) from across varied fields of expertise, working together to drive innovation and breakthrough at Top Glove. (Source: Annual Report 2019).

TOPGLOV has set aside about RM100 million for land acquisition in the country would be used for setting up the factories to produce vinyl gloves. TOPGLOV also will open its first Vietnam factory to meet a surge in demand for the hygienic gloves. As the construction of the plant has started in Vietnam, it is done deal there and the operation would commence in the first quarter of 2020. (Source: Daily Express, 21Mar2019).

In the year-end of FY2019, TOPGLOV has carried out large scale line modification, key process improvements as well as intensive training for factory floor personnel. They are also pleased to report that there is no impairment loss required for the provisional goodwill arising from the acquisition of Aspion as at 31Aug2019. (Source: Annual Report FY2019).

TOPGLOV is also developing the eco-friendly gloves, the first if which was their flagship green product, BiogreenTM Biodegradable Nitrile Gloves (Powder Free), launched in June 2019. They also continue to enhance their product portfolio with more specialised and cost-effective surgical gloves, while diversifying into non-glove products such as tourniquets. (Source: Annual Report FY2019).

Rating System

Return on Equity (ROE) = Average

Revenue [5 years CAGR] = Good

Net Earnings [5 years CAGR] = Average

Basic Earnings per Share [5 years CAGR] = Average

Interest Coverage = Average

Based on my calculation on Discounted Earnings Model, TOPGLOV has a fair value of RM8.40. The current market value of TOPGLOV is RM4.77 which is undervalued (Based on 23Dec2019). TOPGLOV has a beta of 1.020 (500 days) indicates that the company is more volatile than the current market, which means the investors/traders are actively trading in this stock, they may face a higher risk. Based on my computation of Compound Annual Growth Rate (CAGR), TOPGLOV has an expected market return of 6.27%.

In conclusion, Top Glove Corporation Bhd has achieved an outstanding performance for revenue in FY2019 due to the robust growth in sales volume of nitrile gloves segments and capacity of nitrile segment expansion. Even though the Profit After Tax has slightly decreased in FY2019, I still believe that the company is well-positioned to tap on the growing glove demand and prioritise R&D, innovation and Industry 4.0 initiatives.

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One thought

The price of latex will fluctuate accordingly. This also means that the prices of the products made from it will increase, too. Nitrile products are less volatile compared to latex mainly because it is a mostly man-made product, and because production techniques are getting better, the price of nitrile is much less likely to fluctuate in response.

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SBLC6000 Strategic Management of Top Glove Corporation Berhad Assessment Answer

top glove strategic management assignment

SBLC6000  Strategic Management

Top Glove Corporation Berhad  is the world’s largest manufacturer of gloves, listed in the main board of Bursa Malaysia under the health care sector. The company is the market leader in the glove industry and achieved superior performance in the challenging business environment.  Based on the letter to stakeholders and management discussion and analysis (MDA) as a case study  (Student portal) complete the following tasks.

Research the  Top Glove Corporation Berhad’s case study provided and, using relevant secondary information , complete the following:

a.   Critically evaluate the key drivers of change that have affected the rubber glove industry  using an appropriate environmental analysis model(s) .

b. Striving to be the industry’s overall low-cost provider is a powerful competitive approach in markets with many price-sensitive buyers.  Critically discuss, how a company achieves low-cost leadership over rivals by cost-efficient management of activities

c.  List and discuss additional factors to consider and recommendations you would make to ensure long-term sustainability and stakeholder value creation.

d. In one  short statement ,  write a summary the Top Glove Corporation Berhad’s approach to Strategic Management.

2500 words +/- 10%.  Any deviation from this will be penalised.

Please note the following when completing your written assignment:

Writing:  Written in English in an appropriate business/academic style

Focus:  Focus only on the tasks set in the assignment.

Length: 2500

Formatting:  Typed on A4 paper in Times New Roman or Arial font 12 with at least 2.5 centimetre space at each edge, double spaced and pages numbered.

Document format: Report

Ensure a clear title, course, and name or ID number is on a cover sheet and a bibliography using Harvard referencing throughout is also provided.

Research:  Research should use reliable and relevant sources of information e.g. academic books and journals that have been peer reviewed. The research should be extensive. 

The use of a range of information sources is expected – academic books, peer reviewed journal articles, professional articles, press releases and newspaper articles, reliable statistics, company annual reports and other company information. All references should be in the Harvard style.

Introduction 

Top Glove Corporation Berhad is the current organization under consideration where the strategic management approach in the world’s largest gloves manufacturer is created. This organization has a crucial contribution with enlistment across the healthcare sector of the board of Bursa Malaysia. With a competitive edge in gloves industry a superior performance is attained by Top Glove Corporation Berhad across the healthcare and gloves industry. It is through strategic management analysis referred in the case study, the prime factors for making changes in the rubber glove industry establishes environmental analysis models ( Spina and Spina, 2020) . With the low-cost strategic approach a competitive edge is established by Top Glove Corporation Berhad using price sensitivity among its buyers. The activities that facilitate a leadership to manifest low-cost management effectiveness among rivals in industry is states in this assignment. The need for recommendation of factors creates long-term sustainability through stakeholders through value creation. With the help of short term statement, Top Glove Corporation Berhad enables in entwining with the strategic management. 

a. Critically evaluate the key drivers of change that have affected the rubber glove industry using an appropriate environmental analysis model(s). 

There are environmental analysis models like PEST evaluation that enable the understanding of the factors that impacted upon Top Glove Corporation Berhad to create changes across the rubber glove industry. with the help of identification of these factors the actual forces in which the performance at Top Glove Corporation Berhad were possible to be changes and improved for the better competitive edge across the industry and establish relevance in healthcare sector ( Oswald, 2020) . 

 PEST Analysis: 

  • Political factor: 

Top Glove Corporation Berhad is assisted by a strong government support program to gain development in positive sales acceleration across the rubber gloves industry. The corporate governance is crrried out effectually by Top Glove Corporation Berhad. The perfect control on regulation to impose duties to human capital management is established. The government policies are aligned well with the future improvement and growth to gather excellence and prestigious indices across the multinational appeal by Top Glove Corporation Berhad. Creating a quality improved plan enabled the health requirement across sector to contribute with the growth in the government organization approach ( Forcadell et al., 2020) . In terms of globalized demands posed upon Top Glove Corporation Berhad, the government acts to be a significant and critical stakeholder for Top Glove Corporation Berhad to help facilitate the price strategies through the balance across the financial years. There are with the intensified competitiveness, the compliance towards regulations and the country specific policies are to be taken into consideration across Top Glove Corporation Berhad. With the price strategies, the national regulations under government approval have to be taken care of. There are grounds of 

  • Economic factors: 

Top Glove Corporation Berhad is found to attain a supremely competitive advancement across the rubber gloves industry as per the past year record. For the Financial Year 2018, the Sales revenue reached RM 4.21 billion through the break opening performance excellence. Profits suggested through tax create a high RM 528.6 million with the 37.3 percent across the Financial Year 2017. With the quarterly revenues of RM 1.2 billion that volume of highest sold products are expected through 49 billion gloves. The prices of the raw materials are mixed in nature through the financial year 2018. With an average price of RM 4.51/kg the price was enhanced to USD 1.13 per kg. With the enhanced natural gas tariff undertaken, the cost passed through USD system was established in a competitive efficiency to raise highest level of competitive pricing through regulated controls. It is through the demand growth that supplies attained competitive edge through enhanced efficiencies ( Imran et al., 2020) . Top Glove Corporation Berhad helped in attaining the highest Profit Before Tax (PBT) was depicted with surge in sales through 76% across the financial year 2017. The product mix through sales volume enhanced the sales revenue of financial year 2018 signified global demands with 10 percent rise in every annual levels. With the help of sales recurring across demands that expected demands were met through the elevated hygiene standards with progressive stringency. From 2financial year 2014 to financial year 2018 Top Glove Corporation Berhad established 48% rise in economic growth through sales revenue. 

  • Social factors: 

Top Glove Corporation Berhad has ensured their performance to be strongly structured with social convenience through effectiveness across outcome in improvement areas. With the rubber gloves industrial contacts with healthcare sector through Top Glove Corporation Berhad’s crucial contribution enable savings through better gas as energy consumption ( Mello, 2017) . There are higher investments made by Top Glove Corporation Berhad to ensure that efficiency is created across heating elements in thermal insulation which also replaces metals through engineering of plastics. It is through hot air circulations that recovery is optimized through production heat. The equipment through gloves industry is effectually established by Top Glove Corporation Berhad so that combustion efficiency is maintained. Cost mitigated impact creates 23.5% elevation of the gas tariff. There is combustion controls created so that costs of mitigation are effectually used with 23% hike. There are water factors taken into serious consideration by Top Glove Corporation Berhad where the harvesting, recycling and automation are created through water supplies. It is owing to adequacy of supply that operations of Reverse Osmosis Treatment Plant (RSTP) are established. With the proposition to turn clean water to factory channeled purpose, the reuse production is carried out with 15.7% yielding of average water consumption revenue. Electricity is ascertained by Top Glove Corporation Berhad through waste controls across the electronic power quality. With investigation of equipment that regular maintenance through electronic systematic distribution is created ( Tang and Hussin, 2020) . With the step towards organic expansion the positioning of the company was aimed to be improved across strategic persuasion. Enhanceing productivity with structured engineering helps the downtime reduction with better machinery equipment and lowers the threats in time and other aspects. 

  • Technology factors: 

Top Glove Corporation Berhad embedded the acceleration in technological areas through digitization and automation to bring about progressive and positive changes in their functional approaches. With the aim of reducing of errors, complaints in supply chain or service operations, Top Glove Corporation Berhad enhanced into technological niche through automated controls where responsible approaches were delivered. Shift from manpower excellence towards technological dependence helped growth to be boundless for Top Glove Corporation Berhad. Industrial competitive edge is possible to be ascertained when improved data handling and accuracies are established with the application of Big Data traceability provision ( Chen, 2020) . Transparency service mechanism with error reduction was created through time effective performance outcomes. 

b. Striving to be the industry’s overall low-cost provider is a powerful competitive approach in markets with many price-sensitive buyers. Critically discuss, how a company achieves low-cost leadership over rivals by cost-efficient management of activities

 In order to create sustainability across business paradigm there is an ardent approach involved to lower the cost across the services. In case of Top Glove Corporation Berhad such a strategic approach for sustainability is created so that effective cost leadership is created so that business undergoes low cost effectiveness. With the help of low cost strategy that helps appeal and approach across through the expansion policy. In order to develop a cost effective leadership strategies, the low cost helps in driving and entering to approach the diversities across the geographic locations ( Kawano, 2019) . With the production, supply chain and the functions of raw material procurement taken place creates the low strategy effectiveness with evident leadership approaches.  With low cost effectiveness strategies the leader shall bring control to the expenses and the procurement, manufacturing and distribution process to be conducted. This results in the final product price to be controlled and reduced down through production service process. With the help of cost leadership strategy, the company is possible to adequately empower the products through price lowering effectiveness. With a competitive edge the raw material cost is tried to be turned down. The competitor rivalries across the rubber gloves industry are found to keep a high price across the production quality value strategy criteria posed across the customers. It is the aim of the Top Glove Corporation Berhad to create cost leadership strategy as effectiveness approach through standardized attempts. 

With the attempt to comfort the customers with enhanced supplies and demands generated that lower costs are welcomed through effective strategies. It is only possible through competitive edge created that productive standardization is possible through per unit cost effectiveness. For the population that is subjected to as the customers, the price sensitivity attribute is addressed and acknowledged. There are needs for lowering the product prices through standardization to enable and fit well with the price sensitivity among segments identified. It is necessary for the charges to be lower in terms of entire infrastructural development along with the company functional attributes. Ranging from production, material procurement to packing, processing and machinery costs have to be curtailed down for the final finished goods price to be at lowest possible price ( Alwi et al., 2019) . With the strategic target to approach a broader section of population segment, there are needs for strategies to be established for the lower price management. With the company’s cost reduction the quality is often subjected to quality reduction. The market share gets underpriced through the competitors. In order to create edge across the competitor rivals in the industry, the low cost leadership is necessary to be managed for the above average profitability. With the help of sustained cost leadership, an above average profitability is ascertained through extended profitability established. Better performance through internal values is established through chain activities controlled. With effective cost chain activities undertaken, the avoidance of cost productivity is eliminated through varied business activities. 

c. List and discuss additional factors to consider and recommendations you would make to ensure long-term sustainability and stakeholder value creation.

 Reconfiguring a new value chain supplier for Top Glove Corporation Berhad is likely to yield the effective human resource operation network. For the responsibilities to be tapped through effective competitive strategies and postures the incremental reconfiguration is possible to be created for the business to get edge over other in the industry ( Chen, 2020) . For the competitive advantage to be maintained, the competitive postures are possible to be maintained through this strategic innovation. It is through a real time reconfiguration of value chain supply activities, the organization like Top Glove Corporation Berhad where high rivalry across the services are likely to be necessary. With the improved profitability dimensions secured the reconfigured roués are undertaken as the operations that business destinations must approach to yield a first come first serve strategic remedy to create greater demand. 

With the help of technological administration, the improved functions are possible to be created through cost advantage. It is owing to the independent scaling that economies are created through organizational ability through niche in features. With the computerized and cloud based storage, the information storage and effectiveness helps the sustainability to be secured. With the shift from human or man handled services to technological dependence the errors are possible to be avoided. Better effectiveness is possible to be restored so that efficiency and responsibility is possible to be ascertained. With effect to technological intervention a degree of expertise through rapid time saving solutions are proposed with the availability of resources through competitive effectiveness ( Tang and Hussin, 2020) . With the help of technological features the availability is created through customer better tracking facility which ensures the customers with reliability and hence adds prominently towards the sustainability approaches to business. With the automation incorporated within the supply chain and the functional objectivity, the services of company shall be effectually found through service facility. The man made services are error prone, which are possible to be manifested through the technological replacement through the effective database into cloud based effectiveness. With the help of robotics, computerized mechanism and information technologies help the efficiency in services for companies to gain competitive edge. This helps the comprehensive designing to be created through the industrial belt. 

With the sharing of knowledge and information as a new dimension of operations, Top Glove Corporation Berhad is likely to create an appropriate cultural effectiveness through the cost advantage. With the help of complete cost analysis that an integrated cost reduction is possible to create sustainable approaches in performance. With the cost advantage created that functional areas are possible to be established. The benefit of cost leadership the effective strategic manifestation enables the organizational business to be effectually benefited through sustainability ( Mello, 2017) . The threats of the competitive rivals to be overcome, the benefits with cost leadership are possible to be created through functional strategies. The effectiveness across the persuasion of cost leadership the strategies of competitive orientation can assist the firm to maintain sustainable objective. 

d. In one short statement, write a summary the Top Glove Corporation Berhad’s approach to Strategic Management 

From the case of Top Glove Corporation Berhad, the strategic management is found to be undertaken through sales revenue in creating enhanced demands. As the segments that the company approaches are tried to be widened, the underscoring is possible to be taken towards comprehensive orientation so that gloves are possible to be created as a crucial significant necessity across the healthcare sector. They are likely to engage in the perfect product mix with that the global demands across diverse customer needs are possible to be established. In order to produce and manufacture the scientifically designed surgical gloves, Top Glove Corporation Berhad is engaged in the 76% of the production so that enhanced contribution is created through complete approach to global image ( Oswald, 2020) . It is due to the sales volume enhancement that the strategic demand meeting approach is tried to be evaluated with customers across the developing as well as the developed countries. With the intensified marketing approach of strategies that Top Glove Corporation Berhad intends to ensure uptrend in sales volume through the greater revenue established and the demand growth to be undertaken. With the use of stronger performances in environmental consciousness, political contacts, latest technological innovation advancements and social need satisfaction that a competitive advantage is created across the rivals in the industry. 

Conclusion 

There is an integrated attempt made to ensure strategic management across the specific case study of Top Glove Corporation Berhad. The gloves industry having crcial relevance across healthcare sector is tried to be used for the competitive edge through divers’ strategic implementation. On the highlight to customer expansion and need satisfaction the environmental protection and political association as stakeholder relation establish proper technological expertise to work towards assurance to sustainability ( Spina and Spina, 2020) . This enables the environmental analysis tools to indicate the factors adhering to which the competitive environment is addressed with feature edge in strategic choices. 

top glove strategic management assignment

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Top Glove sees tech and teamwork as key to growth

Chairman aims to make glove maker a Fortune 500 company by 2040

SINGAPORE Top Glove aims to become a Fortune 500 company by 2040 with an even bigger share of the international glove market, says founder and Executive Chairman Lim Wee Chai. As part of its merger and acquisition plans, the world's largest rubber glove maker by capacity recently acquired Malaysian surgical glove maker Aspion for 1.37 billion ringgit ($353 million) in cash and shares. Top Glove's plans to enter the Vietnamese market are expected to be finalized this year.

What challenges do Malaysian glove companies face in competing globally? Glove demand is growing every year, with higher standards of living and standards of hygiene increasing in hospitals, clinics and the food industry. Malaysia captures about 60% of the world's market.

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Top Glove’s risk management strategy in focus

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top glove strategic management assignment

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    Top Glove Corporation Berhad is the current organization under consideration where the strategic management approach in the world's largest gloves manufacturer is created. This organization has a crucial contribution with enlistment across the healthcare sector of the board of Bursa Malaysia.

  8. TOP GLOVE Strategic Management Analysis Final.docx

    STRATEGIC MANAGEMENT GROUP ASSIGNMENT March 2021 Muhammad Najib Bin Jalalonmuhali (B181161069) Sahida Hasan (B18761099) Mohamed Firdhaus (B18761089) Qaisara Linda (B181761028) Mohamad Zulfarhan Bin Masfahaizad (B191161047) Reasons choosing the company There are a numbers of reason on why our group has decided to choose Top Glove for our case study.

  9. CONTINUOUS IMPROVEMENT REPORT

    Top Glove is proudly the first private company in Malaysia to receive the ISO 37001: 2006 Anti-Bribery Management System (ABMS). 8. We have reimbursed a total of over MYR 150 million to our workers in relation to recruitment agency fees started on 10 August 2021 and had made the final lump sum payment of this on April 2021.

  10. Top Glove sees tech and teamwork as key to growth

    February 1, 2018 10:00 JST. SINGAPORE Top Glove aims to become a Fortune 500 company by 2040 with an even bigger share of the international glove market, says founder and Executive Chairman Lim ...

  11. PDF TOP GLOVE CORPORATION BERHAD

    World's largest glove manufacturer with 26% market share for rubber glove. Top Glove was listed on the Main Market in 2001 and subsequently had its secondary listing on the Mainboard of the Singapore Exchange in 2016. Its American Depository Receipt (ADR) are also available in the OTC Exchange in the United States of America (US).

  12. PDF CREATING VALUE THROUGH SUSTAINABLE GOVERNANCE

    TOP GLOVE CORPORATION BHD INTEGRATED ANNUAL REPORT 2021 Strategy 1. Strategy brainstorming 2.whole year to ensure all Directors/Board Committees members' Strategic plans progress updates 3. Annual budget setting and review 4. Business expansion plans and developments 5. Business units strategic plan and projects progress updates 6.

  13. Strategic M. G5

    View Strategic M. (G5) - Top Glove.pdf from GFMA 3103 at Northern University of Malaysia Kuala Lumpur Campus. SECOND SEMESTER 2020/2021 (A202) BPMN3023 STRATEGIC MANAGEMENT GROUP A GROUP ... BPMN3023 STRATEGIC MANAGEMENT GROUP A GROUP ASSIGNMENT STRATEGIC AUDIT REPORT GROUP 5 No. NAME MATRIC NO. 1. MOHAMAD FARID BIN ARCHAD 263877 2.

  14. Top Glove Corporation Individual Assignment

    Top Glove Corporation Individual Assignment | UBMM3013 - Strategic Management - UTAR | Thinkswap Swap Download study resources by swapping your own or buying Exchange Credits. Study Study from your library anywhere, anytime. Malaysia Universiti Tunku Abdul Rahman UBMM3013 - Strategic Management Top Glove Corporation Individual Assignment

  15. PDF Corporate Governance Overview Statement

    At Top Glove, our people is our greatest asset. They are key to our continued success and to the delivery of our established, consistent, proven and successful strategy. The resilient and commitment of our people and their unwavering dedication to keeping our operations running safely and to providing the highest quality of service to our

  16. TOP GLOVE.docx

    STRATERGIC MANAGEMENT: MGT657 INDIVIDUAL ASSIGNMENT CASE STUDY: TOP GLOVE PREPARED FOR: SIR MUHAMMAD FAIRUZ BIN JAMIL PREPARED BY: NUR ALIA AQILAH BINTI MOHD RADZI 2019801956 CLASS: BA242 5B Question 1 Philosophy is one of the important components of a mission statement that a company should have. Explain the philosophy of Top Glove.

  17. Top Glove's risk management strategy in focus

    Top Glove's risk management strategy in focus. By DANIEL KHOO. Property. Saturday, 17 Jan 2015. 12:00 AM MYT. Top Glove's investment in securities has risen to RM422mil. ON the surface, Top ...