What are the Sources of Capital?

GraceKennedy, Ltd is a publicly listed company on the Jamaica Stock Exchange, and as such uses investors funds to finance its business. Secondly funding is received from “Retained Earnings” of the company’s profit from year to year. Thirdly if bank borrowings are required, they are negotiated at commercial rates with banks within Jamaica. These can …

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Are there Arrangements for Insurance?

Insurance is in place for all assets, plus Public Liability Insurance, Goods in Transit, and Work in Progress. Employees are also covered by Group Life Insurance.

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Does the Company contribute to the Social & Economic Development of the country?

GraceKennedy Ltd contributes by paying all relevant taxes as levied by the Government. Additionally the company provides employment for over two thousand employees, who in turn contribute to the PAYE system of taxation. By virtue of it’s involvement in all aspects of commercial life in Jamaica, the company helps in the development of Rural life …

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What Recommendations may be made for the Improvement of the Business?

GraceKennedy Ltd operates within a Global market, and must maintain its competitive advantage if it is to survive.  As such it must continuously be innovative and flexible.  It must be proactive and be a leader rather than a follower  By virtue of the company’s size, its managers must have autonomy  The …

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What are Management Issues Identified?

For such a large corporation, there are many management issues. 1. Placing the right staff in the matching job function 2. Training of staff 3. Communication of decisions, and their implementation 4. Planning for the future through the creation of budgets, both short term and long term 5. Managing capital to give investors the best …

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Are there any Legal Issues related to the Business and if not, why?

As a food trading organization, GraceKennedy Ltd is cognizant of the legal issues relating to Labelling, Declaration of Ingredients, wholesomeness of its products, and its obligations to the consuming public. As such every precaution is taken prior to any product manufactured or distributed by Grace Foods & Services Company is placed on the market. A …

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Production

Production is organized around some basic inputs These inputs are set out in the form of an organization consisting of 1. Marketing – Knowing what the targeted customer or consumer requires 2. Having the know-how (technology) to produce the goods identified 3. Creating a structure for the production process – a) Administration b) Procurement of …

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TRINIDAD & TOBAGO

GraceKennedy Trinidad and Tobago 96-96A Frederick St. Port of Spain, Trinidad Tel: 868-625-6655...

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