Family Business Plan Essay

as rise that, Ming Yi devotes is operated in the category of control and management of family member. All the important subject and decision is making by themselves only non the outsider. The phone line is the first propagation and established for 8 years. The nominateer of Ming Yi Feeds Sdn Bhd is not currently cooking his retirement and is not deciding to pass the ownership of the club to anyone since he is still young and is adapted to run the disdain. The succession factor of the accompany is the father of the CEO is highly support for the argument.And one of the biggest customers of the company is the BM Lean Huat Chan a cowardly farming company own by the CEOs father. The supportive family members of the CEO is participating themselves in the business and the support from their father made the company successful. The business is kept undercover and confidential to the public as advantageously as their family. The only persons able to access the business infor mation argon the CEO and his father. This is because both the business information is crucial to the company like their supplier and customers.The founder does not have any interested to sell their family business, because the owner dreams to re master(prenominal) the business in their family. However, in order to expand their business, sh atomic number 18h ageder may be required to gain some capital, but the family will still holding the majority share compare to other shareholders. The company is implementing a prefatorial compensation method which is base salary and allowances. However, there is a subsidy to every employee every year and the amount is based on the exploit in the particular year.Background Information Company address while 31, Jalan Perindustrian Bukit Minyak 9, Taman Perindustrian Bukit Minyak, 14100 Simpang Empat. Telephone No 04-5078488 Fax No 04-5086488 Types of personal credit line Entity Sendirian Berhad Work soldiers Presently 20 Staff Member Buildi ng Particular offices 24 X 98 feet Turnover per year RM 100 million pelf Margin 0 1 % Quality Policy Mr.Seah said that they are committed to consistently provide the quality product and services to fill up or exceed customers expectations through continuous subprogram improvement, adequately trained and developed work force and on term delivery. Vision Ming Yi wants to be a competitive manufacturer in agriculture product in Malaysia. Mission Ming Yi Feeds is committed to bringing the best and guard agriculture product to Malaysia agriculture industry through its innovative R&D department, facilities and services offering. Objective Ming Yi Feeds wants to further boost its sales event by 10% in the next two years.Organization graph Role of Family Members Chief Executive Officer Seah Yeok Chee the CEO is amenable for(p) in making decision and ensures the smoothness of the business operation as well as the sale of the company. He is the eldest son in the family. command jitney Kuo Yee Mei the GM is assisting the CEO in daily operation. She is responsible in maintaining stock level. She is the wife of the CEO Mr. Seah. Financial & mankind Resources Manager Seah Ai Ling the financial and human resources manager is responsible in the financial division in the company as well as recruitment and selection of new employees.She is the sister of the CEO. Operation Manager Seah Yeok Chew the operation manager is responsible in the feed doing process and ensures the quality of the product to meet the standard. He is the younger associate to the CEO. Conflict * Connectivity There is lack of connection between the company and the accurate grocery store, because most of materials are come from family member (other business entity in the same(p) family). So, the cost is slightly higher. * Management problem The hierarchy level and the say-so are unclear.Which are the difference / gap between first generation (father) and second generation (son). * C oncept The company is implementing a conservative approach. The company is not actively sought for new customer and do not take risk in new investment. Solution * The company communicates to the market and gets other suppliers in order to minimize the cost. By this the company found different supplier and compare the price. * The authority among father and son are differentiated clearly. So, the decision made by the son is not affect by the father. In order to achieve the company vision and mission, they do some investment in marketing their product to new customer. Business Activity * Selling feeds * Selling Raw Material to others supplier specially Maize and Soya bean * Others services Raw Material The main raw materials are Maize, Soya bean meal, Corn gluten meal, Broken Rice, Feed Wheat, Salt, Meat and Bone, DCP, Feed Oil / Cooking Oil and Vaccine all the ingredients of grain are locally available at low prices but some vitamins other ingredients will need to be imported. Prod uct Manufacturing actionThe compound feed preparation process requires 1. High accuracy and clearcutness of weighing 2. Feed ingredient handling and processing 3. Mixing 4. boxing 5. Labeling Process Flow Diagram Compound Feed Process fly the coop of UBM Formula of Feeds R1 12 10 ( 8107C ) Group Name Amount Brobdingnagian Scale Corn 1058 SBM Hipro 478 Liquid Olien / Cooking Oil 48 store C. G. M 70 Feed Wheat 100 DDGS ( Low-Pro ) 100 MBM 70 Hand-add D. C. P 18% 14 Limestone Powder 9 Salt 0. 50 Sodium Humate 10 premix Premix Merah 1 X Premix 8107 1 X L-Lysine 9. 84 DL-Methionine 6. 58 Choline Chloride 60% 2. 40 Toxisorb 3. 00 Natuphos ( 5000G ) 0. 30 1979. 62 Types of Feeds * 8107 Crumbles * 8207 Crumbles * 8207 Pellet * 8307 Pellet * 8107 c is for the chicken ( 1-8 days old ) * 8207c is for the chicken ( 9-14 days old) * 8207p is for the chicken ( 15- 21 days old ) * 8307p is for the chicken ( 22days selling ) Location Tanker for storage raw material case pr ocess Photo of the storage exist Loading process operative condition Weight the feeds and truck before send to the farm