Ganong Bros Ltd. Essay

1931 Words Jan 13th, 2013 8 Pages
Ganong Bros. Limited
Ganong Bros. Limited (GBL) was founded in 1873 by two brothers in St. Stephen, New Brunswick and has gone through 4 generations of remaining a private family firm. The firm is an international company with exports to middle east and Japan. As well as a factory in Thailand. Over the past couple years GBL has shown a financial loss. GBL is a The board of directors consisting of 6 external members and 2 family members, have decided to give David Ganong, president of GBL, 6 weeks to come back with recommendations that would be able to restore the company to profitability and increase productivity.
As David Ganong, president of GBL, I need to come up with a recommendation to pass on to the
…show more content…
With sticking to these values it may be hard for the company to meet managements desires. The desires being, making the company a profitable organization.
The organization has many blocks to their proposed strategy. The management capacity has 4 generations of experience. With a family culture organization the company may have difficulty with their proposed strategies, and may need to think of different strategies or view the company differently. This is direct to a management issue where the company with put the commitment to its employees and community over making a profit.
Alternative #1: Alternative Financing
Recently GBL had been approached by an international chocolate firm who wants to become a partner with a minority position.
* Feasible for the company * Can keep the business in St. Stephens, and build the firm. * Will give the company resources it lacks
* Will no long be a family owned business * If partner becomes unsatisfied will they remain in St. Stephens or look to sell to a larger company
Alternative #2: Contract Packs
Contract packs were with firms who required a reliable source of supply that would meet certain specifications for a particular product. Contract packs are manufacturing a good for another company
* Increase in productivity * Long-term contracts * Supply the firm with

Related Documents