Tyson Foods Inc.
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NEWS AND UPDATES
- Lack of training
- Lack of advancement opportunities
- Lack of ownership of decision-making, ("push-up" decision making meets "push-down" responsibility)
- Higher management levels keep key information hidden from lower levels
ABOUT THIS COMPANY:Where's the beef?
Arkansas-based Tyson Foods, the largest U.S. producer of what the company euphemistically calls "protein" (and the rest of the world calls "meat"), is a fixture of the frozen and chilled sections in the supermarket. While it's probably best known for its various chicken products, the company also produces pork and beef. Other Tyson products include individually quick-frozen (or IQF) chicken pieces, deli meats and prepared foods, such as precooked and preseasoned chilled or frozen entrees. Every year, the company supplies about 25 billion pounds of chicken, beef and pork to McDonald’s, Wal-Mart and some supermarkets and restaurants in the United States. In the third quarter of 2009, the firm generated revenue of $6.67 billion, down by 3 percent compared to the figure last year. However, net income increased to $134 million. In addition, its chicken segment also profited greatly with $143 million earnings.
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