Introduction
According to Holmes and 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. In general, the company deals in the retailing of food products, 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 business segments that the company deals with has several chains or stores all over Canada.
This is a positive sign for a growing company, which denotes its potentiality to venture into the global market through extended or cross-border 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 at offering investment opportunities through capital consolidation (Holmes and Davidson, 2001).
Diversification Strategies
Diversifications strategies aim at fostering business growth through beating the competition in the business environment. The Empire Company Limited has been operating on a diversified basis where it has been venturing in different businesses.
This can be termed as the overall business strategy of the company. The company benefits from 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 been a challenge in the management of the financial assets and financial outcomes. Therefore, Empire Company Limited 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 that deal with expansive business operations get numerous 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 that guide 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 Company Limited has a wide coverage of customers across Canada. The company engages in many activities that enhances its image to customers and the entire corporate environment.
The activities help in advertising the company and its products to a larger audience. Such activities include the promotional campaigns, as well as support towards environmental conservation courses.
Managing Internal Operations
The company has made efforts to simplify its internal operations through making different business segments work independently. However, these business segments are controlled by the top management of the company.
This is meant to ensure that they work towards the fulfillment of the objectives of the company. The organization’s staffs are overseen by their immediate managers who are 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 that 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 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. Nonetheless, the top leadership delegates function to the management of the subsidiaries.
Subsidiaries have the complete management of business functions by themselves. They only account to the top leadership of the company (Empire Company Limited, 2011).
References
Empire Company Limited. (2011). The Mandate of Board of Directors. Web.
Empire Company Limited. (2012). Annual Information Form. Web.
Empire Company Limited. (n.d). Statement of corporate governance activities. Web.
Holmes, G.K and Davidson, E. (2001). Who’s who in Canadian business? Toronto: Who’s Who Publications.
Sobeys Inc. (2012). Sustainability @ Sobeys. Web.