Management and Business for Silicon Metal Company- myassignmenthelp

Question: Discuss about the Management and Business for Silicon Metal Company. Answer: An Australian-based company called Silicon metal company of Australia (SIMCOA). It aims at producing the most superior quality of silicon to meet the consumers precise needs. Simcoa is located at Kemerton which is 160kms south of Perth. One and only fully integrated, silicon metal production plant in the world has been proudly operated by Western Australia. The industrial sites of Simcoa contains a sawmill, 2 charcoal retorts, 3 submerged arc electric furnaces, and a filter house for dusting the furnace off gases, and also includes product packaging and dispatch facilities. Kerryann Hall is the executive assistant of the administration department of SIMCOA. The company works 24 hours in a day and 365 days in a year. The latest plant of Simcoa uses the utmost quality of raw materials such as low ash charcoal, coal and a high purity quartzite. It includes the extremely skilled operators and technical expertise. Consequently products gain the uniqueness, consistency and great quality (S imcoa Operations, 2018). The Silicon metal company, Simcoa gets influenced by many internal and external factors. Simcoa is the pioneer of metal business in Australia therefore enjoys the brand equity. Some of the highest quality of silicon is produced in Silicon Company of Australia. Simcoa has multiple plants which includes a sawmill, 2 charcoal retorts, 3 submerged arc electric furnaces, and a filter house for dusting the furnace off gases, and also includes product packaging and dispatch facilities under the same banner (Norgate, Haque, Somerville, Jahanshahi, 2011). This further gives it the advantage of value chain efficiency. Whereby the company can utilize the best of raw materials produced by other plants and can increase the overall efficiency. The biggest weakness of Silicon Company of Australia is its growing debt-to-equity ratio. Most of its assets are finance by debt which can be precarious in the long run. Simcoa is highly dependent on domestic and a few international markets for operating the business (Bryson, 2018). This over-dependence can prove to be mortal in times of economic crisis. There are several opportunities for Silicon metal company of Australia (Fiske, 2010). The silicon metal company of Australia is the foremost supplier of silicon in domestic market of Australia. The company enjoys being the best quality producers of silicon in all over the world by having monopoly rights on best silicon products. It has the status of preferred supplier as most of the companies prefer to take products from Simcoa only. Simcoa prefer to have direct contact with the customers so that the company can meet the exact needs of the customers (Szymkowski, BultitudePaull, 1992). Apart from the opportunities it also includes so me threats such as sometimes it becomes difficult to import the products to overseas market. There could be a threat of fire as most of the work needs to be conducted with the help of machineries which can generate excessive fire at the mills. New entrants can be a threat for the company (Ho, 2014). There are some external factors which cannot be controlled by the company such as environmental, political, social, technological and economical. Political factors can be explained as the factors which imply the degree of involvement in the economy of the government (Graff, 2013). Government decides the type of goods and services to be traded in the Australian market. The priorities of the government in terms of business support impact on many areas of business. The political decisions can affect fundamental areas of business such as education and health of the employees (Shinetsu, 2018). Australia is a liberal-capitalistic democracy. For example, government might decide the importation taxes to protect the nation. Stable political environment is favorable for the growth of the company. Economic factors such as GDP, low and high cost property, currency exchange and cost of living can highly influenced the development and survival of the company (Macey, Schneider, Barbera Young, 2011 ). Economic stability is a must for Simcoa to work consistently. Technological factors such as new products and innovations can help in improvising the quality of work and products. It also helps in reducing the cost. Environmental factors such as climate change and weather which can affect the making of the products. The production of the products needs a particular temperature so it has to be maintained by the company accordingly. Therefore change in the temperature can influence the production of many products (Chemlink Australia, 2018). There are many risk factors which can highly influence the business of Simcoa. Silicon business is extremely reliant on admittance to silicon metal which is a key raw material and an intermediate product. Silicon metal is available to limited number of suppliers. Two of the competitors of silicon metal company have purchased silicon metal manufacturing assets in Europe and North America which is further sinking the manufacturing base of silicon metal company of Australia. Apart from this, Simcoa have to face number of regulations that influence the supply and price of silicon metal (Alanpatrickryan, 2017). For instance, US department of Commerce and the International Trade Commission has imposed the anti-dumping duties of up to 139.5% against the producers of silicon metal in China and Russia. This has further slab the sale of almost all the producers in these jurisdictions, which further has increased the prices of silicon metal. Currently, an investigation on silicon metal has been conducted by the department of commerce in Australia, Brazil, Kazakhstan and Norway to determine the exact prices of silicon metal (Islam, Rhamdhani Brooks, 2011). The integrated aspect of Simcoa Operations is to sustain the excellent environmental awareness and contribute in economic development of the region. Simcoa Operations has been taken many decisions which have enhanced the overall organizational efficiency. Simcoa Operations always aims at better utilization of resources to reduce the wastage of resources and consequently decrease the cost of working capital (Maye, Dibden, Higgins Potter, 2012). It has been taking his best of decisions in regards of any threats come into existence such as external problems and challenges. The external problems and challenges can be managed by adding balance and transparency to regulatory system of the organization. Simcoa should motivate its employees to increase the organizational efficiency as the motivated employees will work better a nd provide best of his efforts to the organization. It also has been encourages innovations in making of the metal to reduce the additional cost of labor (Grant, 2016). The company should always facilitate innovations in the organization to improve the organizational performance. Generally the Simcoa Operations conduct environment friendly operations to reduce the effect of activities of the plant on environment. It has been following stringent guidelines to have the control over noise and atmospheric emissions. Simcoa Operations make sure that their plant has no effluent streams and no visible toxic secretions. Simcoa Operations has very broad environmental management system and it is now looking further to upgrade the system to be the first silicon smelter. Simcoa operations performed many functions such as operational, financial, human resource, marketing, sales and CSR in order to achieve the desired strategies of the company. It aims at serving best of their products to their customers. To increase the sales of the company, Simcoa has been reaching out to overseas market. The company is using Fremantle as its main shipping port and it is able to deliver steady and quick shipping services to the major ports of the world (Ash, Fumes, 2013). Simcoa prefer to have direct contact between customers and technical staff so that the company can meet the exact needs of the customers on a regular basis. The production of Simcoa involves high purity silicon which is appropriate for the metallurgical industry and maintained grade control also delivers some unique gains for the silicones and semi-conductor industries. It provides safe data sheets to its employees so that they can use silicon and related products correctly and safely (Shabanova, Ismagilova, Salimov Akhmadeev, 2015). To achieve the overall objective of the company that is to serve the customers in a best way. Simcoa also acknowledge its responsibility to help the community of South West of Western Australia. The policy of Simcoa is to help the local business in its purchasing practices. It also helps local business in the employment of local contracting services. This further creates employment opportunities for more than 600 people in the region. They also provide opportunities to nonprofit organizations, clubs, groups and others to apply for funding for their projects, activities and events. The main emphasis of Simcoa is to support the projects and events which contribute to the growth of young people of the community (Australian Industry Visit Report, 2014). Simcoa also conducts several trainings to enhance the working skills and knowledge of the employees so that they can work effectively and efficiently. In order to achieve the organizational strategies it is necessary to have motivated employees. Therefore the company also conducts some motivational training to keep the employees motivated towards the goals of the organization. References Alanpatrickryan. (2017). Momentives silicon risk factors. Retrieved 30th March, 2018. https://intherightvein.com/2017/09/18/momentives-silicon-risk-factors/ Ash, F., Fumes, S. (2013). Supplementary Cementitious Materials: Global Markets and New Technologies. Australian Industry Visit Report. (2014). Simcoa Operations Pty Ltd. Retrieved 30th March, 2018. https://www.adcommission.gov.au/cases/Documents/012-Simcoaindustryvisitreport-PUBLICRECORD.pdf Bryson, J. M. (2018). Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement. 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Retrieved 30th March, 2018. https://www.pyro.co.za/InfaconVI/1185-Szymkowski.pdf