Research has been conducted on Maple Leaf Shoes Limited in this report. The search begins with the presentation of the company. The challenges that the company will face after the acquisition are also discussed. The report also discusses the main responsibilities that a Human Resource Manager of Maple Leaf Limited should have. Introduction of Maple Leaf LtdMaple Leaf Shoes Ltd is a manufacturing company supplying vinyl and leather shoes. It is located near Wilmington, Ontario. In 1969, the company began operations and now has 380 employees in warehouses and offices internationally and across Canada and 400 employees at its plant in Ontario. Company History In the late 1950s, Maple Leaf moved from its home country to start a new life in Canada. He started with a theater show and a sailboat business which turned out to be unsuccessful businesses for him. Later he came up with the idea of opening a shoe factory. When the bank realized that his previous businesses had failed and asked him for a financial guarantee, he replied: people need shoes, as long as they walk. Mansini was an enthusiastic and sociable person. He could persuade and influence the people around him. Given his personality, the bank manager was convinced and granted him a small loan to start his new business. Mansini began his business by building a small factory near Wilmington with that bank loan. Also, some of his relatives and friends helped him financially. The small factory consisted of numerous temporary sheds where workers lived and slept and two floors of shoes. At the end of 1969 the company began operations. His small business expanded nationally and regionally. Mansini was not educated, but despite this, he was a successful businessman and has a slowly increasing ab...... middle of paper. Currently, labor costs are rapidly increasing and account for more than 45% of production costs. Compared to the previous three years, no increase in worker productivity levels was observed. If this continues to happen, the company will lose its pricing advantage over its rivals. Of the six most popular brands, two were sold by Maple Leaf Shoes at prices equal to or higher than those of its competitors. This halted the company's profitability and growth. Five years ago, the company saw its stock price drop by $25. Therefore, the market reaction to the company was not favorable. In 2002, the company's position worsened due to the market decline. They dropped the stock price to $11 and yet failed to recover. The financial details of the company are shown below in Figure 1. The figure shows the company's stock price for the last five years.
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