1.
Largest market share in glove industry
2. Establish top glove foundation to empower , employees based on merit, the needy and less fortunate 3. Goods and services design are top glove’s gloves are protecting to lives and the price of it is low compare to other glove brands 4.
Geographic advantage in being located close to rubber plantation and market share edge offers the full range of services
5. Labor intensive with skilled workforce 6. High profitability and revenue 7.
Experienced business units
8. Possesses barriers of market entry due to economic of scale 9. High growth rate 10. Wide existing distribution and sale networks
The machine technologies that TG used to make their production processes of latex gloves are re sult in superior quality and it is safe to use by all consumers. The production process in TG adopts the latest manufacturing techniques by using the modern machineries. Other than that, the production processes in TG helps their company to increase precision and productivity in their latex gloves production. This is due to the advanced and modern technology that applied in the production processes. In addition, the production processes also increase the flexibility in producing latex gloves. The production processes will also increase the process st ability during the manufacturing process of latex gloves. It is because the production processes are c arried under a systematic production processes. The products will be produced gradually by following specific production processes and to ensure the product is high quality produced. The efficient production processes is able to help TG in saving a lot of production cost. It is because the e fficient production processes can ensure that they can produce latex gloves effectively and efficiently. Then, the production processes also helps TG in reducing the number of workers. This is due to most of production processes are fully operated by the machine technology. This helps TG to save cost in the workers. -barriers of market entry -domestic market -skilled workforce -reduced labor costs
TG needs to invest heavily in buying the modern machineries and need to hire more experienced personnel in their production process. TG uses modern technology in carrying out their production processes to make latex gloves. The machineries that bought were extremely e xpensive. Thus, the maintenance of the machineries is expensive and if there had any minor or major accessories spoiled; it will be costly to the company to repair it back. It is because the accessories that are used in the machines are not for common use by o ther manufacturers within the same field area or other field areas and it is difficult to look for substitutes for that specific accessories. TG always checks and maintains the effectiveness of their machineries to prevent it from being spoiled. In addition, TG also needs to hire more e xperienced and skilled personnel with higher salary to operate the specific machineries and carry researches. Some machinery needs special skilled and experienced personnel to take charge and TG does not simply hire a worker to operate the manufacturing machineries. The experts for such operations in the latex industry are much fewer in other fields. Thus, TG needs to spend more money to hire those experts that operate their operations. -future productivity
Strength
Strengths can be tangible or intangible. Strengths can also be referred as advantages, which also indicate what advantages a company has over the other competitors. A company which can perform better than the other competitors is also considered as one of the strengths. Furthermore, being able to maintain lower cost of production also wins the other companies because cost is one of the most important factors in a business. Lower cost indicates higher net profit, which the profits c an expand the business by doing investments or doing other projects that will yield even more profits. By doing this over and over again, the business is expected to grow quicker than the other rivals. In this report, Top Glove Corporation is being selecte d as the company, their strengths are as follows: This company has the largest market share in glove industry, which is also considered as the largest glove company in the world. This is because a total of 185 countries are importing Top glove's product every year. Top Glove is a company that produces good quality gloves which ear ns them good reputations since its establishment in year 1991. Top glove is able to produce good quality gloves because every employee in Top glove has been trained professionally according to their training programs before they work. Top Glove is a company that has been doing activities that rebate the societies. They have been giving out charities from the profits and scholarships for educations to the needy over the years. These also help the company to gain good image and respects from customers because they ensure they are contributing to the societies and corporate social responsibility whenever they are capable to do so. Over the years, Top glove has earned numerous awards such as Frost & Sullivan 2009, Best Brands Manufacturing Rubber Gloves 2007 - 2008 By The Brand Laureate, Asia Pacific Entrepreneurship Awards (APEA) 2008 Entrepreneur of the Year 2008 By Enterprise Asia, Anugerah Kecemerlangan Industri 2007, and SME Platinum Award 2007 By SME Association of Malaysia. Renowned reputation is also Top Glove's strength. "Thanks to our good name and good references, some even pay us in advance, before we ship off the gloves. This is o ur strength," Tan Sri Lim Wee Chai revealed on an interview. (Star Publications (M) Bhd, 2012)
Weakness
Weakness analysis is used to identify the weaknesses that stop t he business from growing and they have to be eliminated or minimized. The main purpose of this analysis is to understand the limitations of the business and overcome it with good solutions. Weakness means the rever se of strengths; other companies are probably doing better in some ways that prevents our business from g rowing smoothly. This kind of weakness has to be conquered by figuring out what the rivals have which you lack of. Other than that, weakness also indicates that the business does not meet the standard that it was expected to achieve. For example, machinery which is expected to last for ten years ended up for eight years only. This is a scenario of inefficiency of control. Furt hermore, lack of financial supports isalso one of the weaknesses of a company. To run a business, liquidity of cash flow is extreme ly important in order to be able to solve any emergencies with the cash reserved. To overcome this matter, credit management has to be taken into considerations. Turnover days for trade receivable and trade payable has to be managed and planned well to ensure good liquidity of cash flow. As for Top Glove Corporation, they do have weaknesses too despite the success. They have a comparably harder straight line work c ell layout to divide the work equally among the workers compared to U-shaped work cell layout. Unevenly work divided among workers may cause performance level of employees to drop because of the imbalanced workload at fixed salary. Workers who work more will feel unfair and hence perform badly during working hours. Attitude of the workers is very important in order to enhance the flow o f productions. A large company like Top Glove Corporation cert ainly has many employees working for them. With a total of 11000 employees working in the same factory, it is undoubtedly hard to manage the human relation due to small number of supervisors.
Another weakness of Top glove is that the safety of the employees in the factory is not guaranteed. There is only one main gate for entry and exit in this large factory, every one's lives will be at risk once accidents happen. Top glove should be aware of the safety of employees by creating more emergency exits for the labours just in case.
