Magna International Inc.

Magna International Inc. 1.1 BACKGROUND INFORMATION Magna International Inc. (Magna) is a manufacturer of move parts since its inception in 1957 (At the time was called Multimatic Investments Limited). Founded by cad Stronach, Magna has since become Canadas largest automobile parts manufacturer. Magna is the primary supplier of automobile parts to many car manufacturers, including General Motors, Chrysler, and crossing Motor Company. The following discussion will draw upon Magnas management strategy, its mission statement, where the company is currently, how the corporation is doing, and whether it is consistent with what Magna tell to do. A PEST analysis will take into considerateness of the macro-environment that Magna is pressured in the future outlook of consistently maintaining its reputation of what it wishes to perform in its mission statement. 2.1 CONTEXT OF MAGNAS STRATEGY: THE legation STATEMENT In the abundance of my research conducted on Magna, the starting headway would be its mission statement. Ironically, Magna does not follow a traditional mission statement. Instead, Magna took upon a unique approach by egg laying out key principles in their responsibilities within their Corporate theme and Magna Employees Charter.

Within these two statements of their purpose, Stronach developed a philosophy for Magna of which the company wants to be known as a Fair Enterprise Corporation. Abiding that philosophy, Stronach stresses that this includes not only when to the management, but also to shareholders and employees within the Corporate Constitution and Employee Charter. 2.2 Magnas Employee Charter It appears that fairness and concern to employees is more enunciated with Magna due to a speciate charter exclusively made for employees about the principles and what they offer. Many of these principles link up to the Employee Charter include: Job Security, A Safe and organic Workplace, Fair Treatment, Competitive Wages and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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