Magna international
Magna Inc., International Business Assignment
Mohammed Abu Allan
991 331 736
Sheridan College
Introduction Magna is a Canadian corporation that primarily focuses on designing and engineering automotive parts. It is a multinational firm that has facilities scattered all over the world. Magna produces exceptional and high quality goods and services for its customers. It realises an excellent opportunity in the Chinese automotive business because China’s astonishing sales and manufacturing growth is the reason Asia dominates the world’s automotive industry. Magna concluded that China is a place where this company will become a stronger business. One of the opportunities Magna realises in China is the rapid increase in economic development which will assist the corporation to sustain customer’s needs. The second opportunity is to invest in social corporate responsibility and it could be suggested from the gathered information on Magna’s web site, to try and end child labour and hire over eighteen years old workers who used to work for Magna’s competitors and employ them to work for decent wages, therefor attracting companies that value moral conduct (Magna. (2013). about magna. Global Working Conditions).
About Magna Magna International was founded by Frank Stronach in 1969(Magna. (2013). About Magna. Our Founder (p.1)). It’s headquartered in Aurora, Ontario. It is one of the largest companies in Canada that manufactures car parts on a worldwide scale (Dexter, B. (1997, October 9). More expansion seen for Magna headquarters. Toronto Star) Magna always pursues innovation in technology and continuously searches for new and enhanced solutions for their partners and endeavour for top quality at competitive prices and customer satisfaction (Magna. (n.d.). Vehicle Engineering & Contract Manufacturing (P.3)). Magna has a wide range of services that contains five product groups engineering services, Vehicle Contract Manufacturing, fuel
Mohammed Abu Allan
991 331 736
Sheridan College
Introduction Magna is a Canadian corporation that primarily focuses on designing and engineering automotive parts. It is a multinational firm that has facilities scattered all over the world. Magna produces exceptional and high quality goods and services for its customers. It realises an excellent opportunity in the Chinese automotive business because China’s astonishing sales and manufacturing growth is the reason Asia dominates the world’s automotive industry. Magna concluded that China is a place where this company will become a stronger business. One of the opportunities Magna realises in China is the rapid increase in economic development which will assist the corporation to sustain customer’s needs. The second opportunity is to invest in social corporate responsibility and it could be suggested from the gathered information on Magna’s web site, to try and end child labour and hire over eighteen years old workers who used to work for Magna’s competitors and employ them to work for decent wages, therefor attracting companies that value moral conduct (Magna. (2013). about magna. Global Working Conditions).
About Magna Magna International was founded by Frank Stronach in 1969(Magna. (2013). About Magna. Our Founder (p.1)). It’s headquartered in Aurora, Ontario. It is one of the largest companies in Canada that manufactures car parts on a worldwide scale (Dexter, B. (1997, October 9). More expansion seen for Magna headquarters. Toronto Star) Magna always pursues innovation in technology and continuously searches for new and enhanced solutions for their partners and endeavour for top quality at competitive prices and customer satisfaction (Magna. (n.d.). Vehicle Engineering & Contract Manufacturing (P.3)). Magna has a wide range of services that contains five product groups engineering services, Vehicle Contract Manufacturing, fuel
References: Apple-Foxconn... iSlave? (2012, February 12). YouTube. Retrieved from http://www.youtube.com/watch?v=9jOgRpO5i94 Dexter, B Young, N. M. (2013, August 27) Magna Powertrain opens manufacturing facility in Tianjin Airport FTZ. - What 's On Tianjin. Retrieved from http://www.whatsontianjin.com/news-7772-magna-powertrain-opens-manufacturing-facility-in-tianjin-airport-ftz.html