Nobody downloaded yet

Sonoco Products Company - Essay Example

Comments (1) Cite this document
Summary
In this paper, the researcher tries to create an important link between the prevailing events in Sonoco’s industry and its eventual moves in the midst of them most specifically from the point of view of its human resources…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Sonoco Products Company
Read TextPreview

Extract of sample "Sonoco Products Company"

Download file to see previous pages
It is evident from the study that to become globally competitive in its industry and ensuring the reduction of functions’ cost by 20% or significantly $2.8 million were the primary reasons of Sonoco’s new CEO Harris DeLoach in mandating Cindy Hartley, senior vice president of human resources (HR), to go for alternative restructuring of HR. This significantly is in line with the new CEO’s goal to control companywide cost to support a new business model that is expected to compete in the global setting and would ensure the top-line growth of the said company. It is in line with this that Hartley is faced with two alternative organisational structures for HR, the centralization and hybrid. In either of them, Sonoco’s CEO is concerned with the corresponding cost to be incurred. On the other hand, in either of them, Hartley would be more concerned on meeting three essential objectives in the HR such as the following (quoted from the case):

1. To increase GM’s accountability for talent management.
2. To distribute HR talent and support more evenly across the company’s divisions and make HR systems and process consistent.
3. To optimise HR’s ability to provide customized, strategic support to the GM’s businesses.
It is important to implement strategies to meet these objectives considering the fact that the packaging industry was facing major transformation due to evident tough competition. Key players were looking forward to look for their competitive advantage.


For instance, heavy manufacturing moved from the United States to countries like China and India where a substantially low labor cost could be possible. Moreover, many firms from the US started to invest outside the country. In addition, packaging companies essentially were able to draw on the full potential of emerging technologies and application of innovative tools. Most importantly, companies learned to appreciate the importance of reducing the initial-packaging-concept-to-market-delivery cycle just like in the case of Hershey which originally relied on hundreds of packaging suppliers but decided to reduce them into 20 by the end of 1990s. These were substantial reasons that Sonoco should consider to formulate effective strategies in order to stay in its business. As a result, Sonoco decided to consider being more attentive to the needs of the end consumer by the late 1990s and not only to the needs of Gillette, Kraft, Nestle and Procter and Gamble. These companies were actually also looking forward to the needs of their customers and what necessarily attracted them. Between 1998 and 2008, customers significantly viewed packaging as more influential than advertising. Thus, it was for this reason that Sonoco should potentially create a move to consider not only the needs of its primary customers but the end customer as a whole just to be able to create the right response in the ongoing trend in its entire market industry. In this paper, the proponent tries to create an important link between the prevailing events in Sonoco’s industry and its eventual moves in the midst of them most specifically from the point of view of its human resources. Diagnosis Unfortunately for Sonoco, talent was not viewed as a corporate resource. Furthermore, compensations were not viewed as costs in need of control or tools that can drive behavior. These are some of the problems faced by Sonoco as impacts of its contemporary organisational structures for HR. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Sonoco Products Company Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from https://studentshare.org/management/1394190-hr-case-study
(Sonoco Products Company Essay Example | Topics and Well Written Essays - 2750 Words)
https://studentshare.org/management/1394190-hr-case-study.
“Sonoco Products Company Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/management/1394190-hr-case-study.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ko
kolby95 added comment 1 year ago
Student rated this paper as
Great work done on the "Sonoco Products Company". I think it is the best text I have seen so far.

CHECK THESE SAMPLES OF Sonoco Products Company

Case Study Analysis: Sonoco Products Company

...? Case Study Analysis: Sonoco Products Company This paper provides an analysis of Sonoco Product Company: Building a World-Class Human Resource Organization. In this analysis, the challenges that face Sonoco Products Company to restructure its corporate strategy (for example, Human Resource, structure and products) are outlined. The new strategies are mainly focused on improving the company’s annual growth, and retaining its competitive strength in the ever changing global industrial and consumer packaging industry. Cindy Hartley is the senior Vice...
12 Pages(3000 words)Essay

Sonoco HR

...? Case Study: SONOCO HR Introduction SONOCO is a 100 year old company that is a provider of industrial and commercial packaging products operating globally that have enjoyed uninterrupted growth and financial success until the early 1980s. In the 1990s SONOCO’s traditional client’s natural response to the series of financial crisis that plagued the world has severely affected its sales. Despite the reduced demand because of the US industries’ reduced export, SONOCO still managed to increase its net income by reducing its expenses. Extreme pressure to restore shareholder confidence was brought about by the downward trend in sales with no reprieve in sight. The industry’s shift towards a more involved supplier that offers end to end... ...
10 Pages(2500 words)Essay

Human Resource Management of Sonoco Company

...?Human Resource Management of Sonoco Company Grade 6th January The situation of the packaging industry atthe time of the case At the time of the case, about one hundred thousand packaging industries were generating approximately 400 billion pounds sales annually. About 115 billion pounds of this total was generated by the United States followed by Asia and Western Europe. Out of 100 % revenue generated by consumer packaging, 70 % was generated by industry wide production while 30% was generated by industrial packaging. In addition, the board and paper accounted for 34% of revenue although the cost- effective and durable plastic was stepped into the shoes by glass and metal (Case study...
10 Pages(2500 words)Assignment

HRM of Sonoco

.... To resolve these challenges Sonoco tried and failed to get the right talents that would give it a fresh perspective. Instead Sonoco experienced productivity issues. The unreliable market experienced during the case would have been as a result of poor production which is also a consequence of lack of proper management by the group managers and corresponding supervisors within the packaging department (Armstrong, 2008, p. 13). Some of the consequences of poor management experienced in the case study include but not limited to reduction in sales which negatively impacted the company creating a perception that the company is losing consumer interest in the global market (Heneman and Judith, 2006, p. 16). The situation is exacerbated... by the...
10 Pages(2500 words)Essay

Sonoco HR

...? Case Study: SONOCO HR Diagnosis Sonoco, an industrial and commercial packaging products provider, has been operating globally with success for morethan one hundred years. In the nineteen nineties, the steady clients of Sonoco succumb to the pressure of the financial crisis and responded by reducing its demand for Sonoco’s services. This impacted Sonoco’s sales. However, despite the reduced demand, Sonoco managed to remain afloat by reducing its operating expenses. Overtime, this strategy enabled Sonoco to increase its net income modestly. Conversely, the continuous slide in sales and the trending in every sales forecast have eroded share holder confidence. The packaging industry as a whole have began to alter the landscape... has been...
11 Pages(2750 words)Essay

British American Tobacco Company Products

...?British American Tobacco Company Products British American Tobacco Plc (BAT) is a UK multinational company with its headquarters in London. The company is the second largest quoted Tobacco Corporation by share in the London stock exchange after Philip Morris International. The company is also said to have a leading position in more than 50 countries and operates in more than 180 countries across the globe. The companies main brand products include Kent, Dunhill, Pall Mall and Lucky Strike (Britannica Educational Publishing and Rogers 2011 p.177-198). BAT Company is listed in the London Stock Exchange and...
5 Pages(1250 words)Essay

Sonoco

...? Sonoco The paper deals with the Sonoco Products Company which operates in the packaging industry. The study has focused on ascertaining the important changes in the company due to the impact of globalization. It has been evaluated that strategies have been implemented by the management to perform better and gain distinct market share in the competitive industrial marketplace. The centralized structure and the management strategy regarding compensation are supporting the company to perform better and derive desired outcomes. Question 1 The packaging industry in the early 1990s amassed an annual sale of US$400 billion worldwide. The major...
3 Pages(750 words)Article

Company Products and Processes

...Company Products and Processes The Coca-Cola Company Coca-Cola Products The Coca-Cola Company products include soft drinks, tea, coffee, juice drinks, water, sports drinks, and energy drinks among other drinks. The company is known to be an innovator and icon in soft drinks production in the beverage world. The soft drinks come with a variety of flavors and offer refreshment to their consumers. Examples of soft drinks produced by the Coca-Cola Company include Sprite Duo, Coca-Cola Zero, and Diet Coke. Tea and Coffee refresh, rejuvenate, and satisfy traditional tea consumers. The growing urge to consume coffee is satisfied the company’s coffee-based products. They are well packaged in bottles and cans ready for consumption anytime... and...
2 Pages(500 words)Research Paper

Danforth Donnalley Laundry Products Company Integrative Problem

...DANFORTH AND DONNALLEY COMPANY (Finance and Accounting Case Study) of (affiliation) DANFORTH AND DONNALLEY COMPANY The proposed new product of Blast, a stronger form of liquid detergent to be launched by the company, should be charged for the use of the excess production facilities and also unused building space within the company premises once plans push through and production starts. This is because a similar facility would usually cost $2 million to rent out from another company. The reason for this is to fully reflect all the costs associated with a certain product using the full-cost...
1 Pages(250 words)Assignment

Danforth Donnalley Laundry Products Company Integrative Problem

...Danforth Donnalley Laundry Products Company Integrative Problem Cash flows reflect the flows of cash from and into a business entity. Cash flows can either occur in the operating, financing and investing activities. The use of debt to finance Danforth and Donnalley Laundry Products Company falls under financing activities. Debts taken by companies to finance its activities are often paid back with an interest. In this case, if the company’s project was financed through a debt, the company would make interest payments. These interest payments represent flows of cash from the company and should be...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Sonoco Products Company for FREE!

Contact Us