Magna International Inc.

Magna International Inc. 1.1 BACKGROUND INFORMATION Magna International Inc. (Magna) is a manufacturer of simple machine parts since its inception in 1957 (At the time was called Multimatic Investments Limited). Founded by pawl 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 cut through 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 verbalize to do. A PEST analysis will take into love of the macro-environment that Magna is pressured in the future outlook of consistently maintaining its reputation of what it wishes to acquire in its mission statement. 2.1 CONTEXT OF MAGNAS STRATEGY: THE explosive charge STATEMENT In the abundance of my research conducted on Magna, the starting maculation would be its mission statement. Ironically, Magna does not follow a conventional mission statement. Instead, Magna took upon a unique approach by laying out key principles in their responsibilities within their Corporate make-up 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 barely 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 secern charter exclusively made for employees about the principles and what they offer. Many of these principles tie in to the Employee Charter include: Job Security, A Safe and well 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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