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SAMSUNG

There are five proposed food processing projects which is to be judged against the strategic corporate objectives of the company

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An Nhiên
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14 views

SAMSUNG

There are five proposed food processing projects which is to be judged against the strategic corporate objectives of the company

Uploaded by

An Nhiên
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1 INTRODUCTION

Samsung is one of the leading companies in the field of electronics manufacturing today. A wide
range of consumer and industrial electronics, including home appliances, digital media devices,
semiconductors, memory chips, and integrated systems are key products of Samsung
(Bondarenko, 2020). Samsung's development started out as a grocery store, and entered the
electronics industry (1960-1980); business expansion into hardware and telecommunications
(1980- 2000); from 2000 to the present: is been a giant in the telephone industry (Iwai, 2020). In
2019, Samsung has the largest brand value in Asia, ranked 5th in the world, Samsung surpassed
Toyota to become the most expensive brand in Asia, ranked 5th globally after Google,
Microsoft, Amazon, and Apple, value Samsung brand is valued at approximately 95 billion USD
- ranking No. 1 in Asia as well as 5 in the world. In 2021, the above figure increases to 102.6
billion USD and Samsung still holds the 5th position globally. In Vietnam, Samsung entered the
market in 2005 and placed the company first in 2009. Phones are the most popular item in the
Vietnamese market. This article examines various types of business organizations, functions, and
business structures in order to develop a development strategy for the Samsung company.

2 BBE( BUSINESS AND THE BUSINESS ENVIRONMENT)


2.1 Different types of organizations
2.1.1 SOLE PROPRIETORSHIP
 Definition:
- A sole Proprietorship is a type of business owned by an individual who is solely
responsible for all business activities with his or her own assets.

- Sole proprietorship companies are not allowed to issue securities.


 Characteristics:
- Single ownership: A business owner is an individual who is responsible for
providing capital from his or her own assets or from loans.
- One-man control: The owner of a private business has full authority to decide
on the model of organization and management of the business.
- No legal entity: Because there is no clarity between the business's own assets
and the owner's assets, a sole proprietorship is no legal entity.
- Unlimited liability: The owner is personally liable for all of the company's
debts.
- No profit-sharing: The owner takes all profits.
- Small size: An individual who decides on all activities should be limited in terms
of fund arrangement and management capacity; as a result, the area of operation
is also limited, and the enterprise's size is usually small.
- No legal formalities: Since there's no legal process to get started, getting started
and getting creative is easy. Besides managing and dissolving business activities
of sole traders.

2.1.2 Corporation
 Definition:
- A corporation is a legal entity that is separate and distinct from its owners. Under
the law, corporations possess many of the same rights and responsibilities as
individuals. They can enter contracts, loan and borrow money, sue and be sued,
hire employees, own assets, and pay taxes.
- The corporation's capital is contributed by many people who are considered
shareholders of the company, responsible for the debts and obligations of the
company's assets to the extent contributed.
- The corporation has the authority to issue securities in order to raise capital.
 Characteristics:
- Limited Liability: This means that any loans, credit cards, mortgages or
revolving credit with vendors, are the sole responsibility of the company.
- Owned by Shareholders: Shareholders are allowed to vote based on the number
of shares they own; the more shares an owner has the more control he has over the
company's decisions.
- Consider Double Taxation: The corporation is taxed on earnings at the business
level. When profits are distributed to shareholders, those are also taxed as
dividends. Depending on the overall revenues and how much is distributed to the
shareholders, this could have a significant financial impact on the owners.
- Their Own Lifespan: A corporation is its own entity, meaning it has a lifespan
that only ends when the board of directors and owners vote to dissolve the
business.
- Professional Management: The owners of a corporation may be able to vote on
decisions for the board of directors to make final directives on, but the
shareholders are not necessarily the managers of the company.
- Legal status: A Corporation is a legal entity, the company members are
responsible for all debts of the Corporation to the amount of capital contributed to
the company. This protects the shareholders of the company.

2.1.3 Partnership
 Definition:
- A partnership is a kind of business where a formal agreement between two or
more people is made who agree to be the co-owners, distribute responsibilities for
running an organization and share the income or losses that the business generates
- General partners must be individuals with professional qualifications and a
professional reputation, and they must be personally liable for the company's
obligations with all of their assets.
- Capital contributors are only liable for the company's debts up to the amount of
capital contributed to the company.
- Partnerships may not issue any kind of security.
 Characteristics:
- Agreement between Partners: It is an association of two or more individuals,
and a partnership arises from an agreement or a contract. The agreement becomes
the basis of the association between the partners.
- Two or More Persons: In order to manifest a partnership, there should be at least
two persons possessing a common goal. However, there is a constraint on their
maximum number of people.
- Sharing of Profit: Another significant component of the partnership is, the
accord between partners to share gains and losses of trading concern, sharing of
gains and losses is vital.
- Business Motive: It is important for a firm to carry some kind of business and
should have a profit-gaining motive.
- Unlimited Liability: Every partner in a partnership has unlimited liability.
Legal status: From the date of receipt of the business registration certificate, the
partnership company has legal status.

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