you see with the case study you are to read it and comment on the statement “the employees and families of Rhino foods are its greatest assets”

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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you see with the case study
you are to read it and comment on the statement “the employees and families of Rhino foods are its greatest assets”

Case study 1.2
People philosophy behind Rhino Foods
The founder of Rhino Foods, Ted Castle, believed he knew what a
good company should look like and, early on in the company's history,
wrote into the Purpose Statement a vital Employee principle:
The employees and families of Rhino Foods are its greatest assets.
The company's relationship with its employees is founded on a climate
of mutual trust and respect within an environment for listening and
personal expression. Rhino Foods declares that it is a vehicle for its
people to get what they want.
This fundamental principle of encouraging empowerment has been
put into practice in a number of ways. The teams of production employ-
ees make their own decisions about production, manufacturing, distri-
bution and even recruitment. When business fell away in the early
1990s, employees went out in teams to negotiate additional work with
local employers, hiring themselves out for temporary periods with a
continuing guarantee of a job at Rhino, helping the company to avoid
making redundancies. The company makes sure that any promises it
makes are always carried out in full.
Source: Flynn (1996)
Transcribed Image Text:Case study 1.2 People philosophy behind Rhino Foods The founder of Rhino Foods, Ted Castle, believed he knew what a good company should look like and, early on in the company's history, wrote into the Purpose Statement a vital Employee principle: The employees and families of Rhino Foods are its greatest assets. The company's relationship with its employees is founded on a climate of mutual trust and respect within an environment for listening and personal expression. Rhino Foods declares that it is a vehicle for its people to get what they want. This fundamental principle of encouraging empowerment has been put into practice in a number of ways. The teams of production employ- ees make their own decisions about production, manufacturing, distri- bution and even recruitment. When business fell away in the early 1990s, employees went out in teams to negotiate additional work with local employers, hiring themselves out for temporary periods with a continuing guarantee of a job at Rhino, helping the company to avoid making redundancies. The company makes sure that any promises it makes are always carried out in full. Source: Flynn (1996)
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