Introduction to Empire Company Limited
According to Holmes & Davidson (2001) Empire Company Limited is a holding company based in Canada. The company is a family business owned and run by the Sobey Family. The empire company limited is comprised of several companies as well as corporate investment activities. Business companies that fall under Empire Company Limited include Sobeys Incorporated, Crombie REIT and Empire Theatres. Generally, the company deals the retailing of food products, the real estate business and other corporate investment activities.
Global completion
Emperor Company Limited is a large company dealing in different businesses. The company is well known for its operations in Canada. Each of the segments of business that the company involves in has several chains or stores all over Canada. This is a positive sign foe a growing company which denotes its potentiality to venture into the global market through extended or cross-boarder business activities. The company has been working on maintaining quality standards in its business operations through a liquid investment portfolio. The investment portfolio has been aimed offering investment opportunities through capital consolidation (Holmes & Davidson, 2001).
Diversification Strategies
Diversifications strategies aim at fostering business growth through beating competition in the business environment. Empire Company Limited has been operating on a diversified basis; venturing in different businesses. This can be termed as the overall business strategy of the company. This strategy has sustained the company for a log period of time. The company benefits fro booms in each of the operational segments. The company has also been basing on the acquisition of many business entities in enlarging its business. This has proved to be challenging to the company especially the management of the financial assets and financial outcomes. Therefore, Empire chose on segmenting its business in order to ease the management of financial and the general business assets (Empire Company Limited, 2012).
Corporate governance and organizational ethics
Organizations which deal with expansive business operations get lots of problems in corporate governance issues. Empire Company Limited is one such organization. The company is charged with the responsibility of running many other smaller companies which is a tedious exercise. Empire has formulated subsidiary procedures which guides its managerial relations with the segmented companies. The company maintains open working environment with all the subsidiaries where they keep their records that are reconciled with the general records of the company at the end of financial and trading periods (Empire Company Limited, n. d).
Corporate Social Responsibility & Citizenship
According to Sobeys Inc. (2012), Empire has a wide coverage of customers across Canada. The company engages in many activities in enhancing their image to the customers and the entire corporate environment. The activities help in advertising the company and its products to a larger audience. They include promotional campaigns and supporting of environmental conservation courses.
Managing Internal Operations
The company has made efforts to simplify its internal operations through making different business segments to work independently. These business segments are however controlled by the top management of the company to ensure that they work towards the fulfillment of the objectives of the company. Organizations staffs are overseen by their immediate managers who are in turn answerable to the managers in charge of the business segments (Empire Company Limited, n. d).
Organizational structure and design
The organization has an elaborate organizational structure which helps in defining its mode of doing business. The three main divisions of operation in the organizational structure are food division, the real estate division and the investments division. All businesses are defined under these divisions with the general management being the overseer of all the business divisions. The categorization of business into these segments has eased communication and other managerial activities Empire Company Limited, 2012).
Organizational Culture & Corporate Leadership
The company has a streamlined structure with all the authority lying with the top leadership of the company. The top leadership however delegates functions to the management of the subsidiaries. Subsidiaries do the complete management of business functions by themselves. By this, they are able to discharge their operations in a composed manner. They account to the top leadership of the company; the board (Empire Company Limited, 2011).
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