Research Centre for Students
 

1. What is the name of the business?

  • The name of the business is Lasco Group of Companies which consists of Lasco Foods Limited, Lasco Distributors Limited, Lasco Foods (Successors) Limited, Lasco Financial Service, Lasco Remittance Services and Lasco Barbados Limited.

2.  When did the business begin operation?

  • The operations first began in February 1986 with our manufacturing plant, then named Versatile Packing, which was involved in the packaging of skimmed milk powder and then whole milk powder. The company was later renamed Lasco Foods Limited in 1992. Lasco Distributors Limited began its operations in 1988, followed by Lasco Barbados Limited in 1989. The Lasco Group expanded its operations in 2004, with the incorporation of Lasco Financial Service and Lasco Remittance Services Limited.

3.  How many persons are employed to the business?

  • 587

4.  Are your employees unionised?

  • No

5.  What are the modes of communication employed?

  • E-mail
  • Telephone
  • Direct Mail
  • Newspaper
  • Staff Meeting

6.  Is the business registered?

  • Yes

7.  What are the main business activities of the organization?

  • Manufacturing
  • Distribution
  • Export
  • Money Transfer
  • Foreign Exchange

8.  What management functions are practiced?

  • Planning
  • Controlling
  • Organizing
  • Directing
  • Leading

9.  What are the aims/objectives of the business?

10. Can you give an example of the different management levels of your business on an organizational chart?

  • Lasco has a three tiered management system: Senior, Middle, Junior

11. How many managers and supervisors are there?

  • 52

12. How do the managers relate to the staff?

  • Managers communicate with their staff both informally and formally: verbal, e-mail, meetings, internal memoranda, newsletter.

13. What is the span of control of managers and supervisors?

  • Managers and Supervisors may have as few as 4 or as many as 80 direct reports, depending on the department.

14. What type(s) of organizational structures are used by your business?

  • Divisional
  • Line
  • Functional

15. How many departments are there?

  • 16

16. What are the legal issues related to the business?

  • Registering Trade Marks, Job Contracts, Statutory Declarations, Complying with Regulatory Agencies

17. Do the workers sign contract?

  • Yes

18. What are the conditions of work?

  • Favourable

19. What goods/services are you providing to the public?

  • Consumer Goods and Pharmaceutical items, Foreign Exchange and Money Transfer services.

Learn moreabout LASCO's Production & Marketing and Finance & Economics.