Finance Admin

In: Business and Management

Submitted By autlily
Words 4607
Pages 19
The Globe

Samsung’s unlikely success in mixing Western best practices with an essentially
Japanese business system holds powerful lessons for today’s emerging giants. by
Tarun Khanna, Jaeyong Song, and Kyungmook Lee


s today’s emerging giants face the challenge of moving beyond their home markets, they have much to learn from the pathbreaking experience of South Korea’s Samsung Group, arguably the most successful globalizer of the previous generation.
Twenty years ago, few people would have predicted that Samsung could transform itself from a low-cost original equipment manufacturer to a world leader in
R&D, marketing, and design, with a brand more valuable than Pepsi, Nike, or American Express. Fewer still would have predicted the success of the path it has taken.
For two decades now, Samsung has been grafting Western business practices onto its essentially Japanese system, combining its traditional low-cost manufacturing prowess with an ability to bring high-quality, high-margin branded products swiftly to market. The two sets of business practices could not have seemed more incompatible. Into an organization focused on continuous process improvement, Samsung introduced a focus on innovation. Into a homogeneous workforce, Samsung introduced outsiders who could not speak the language and were unfamiliar with the company’s culture. Into a Confucian tradition of reverence for elders, Samsung introduced merit pay and promotion, putting some young people in positions of authority over their elders. It has been a path marked by both disorienting disequilibrium and intense exhilaration. Like Samsung, today’s emerging giants—Haier in China, Infosys in India, and
Koç in Turkey, for instance—face a paradox: Their continued success requires turning away from what made them successful.
The tightly integrated business systems…...

Similar Documents

Admin Guide

... • • Copyright © 2009-2012 DocuSign, Inc. All rights reserved. Account Administration Reference Guide 12 Send On Behalf Of Rights (API) (Checkbox) – This option lets the user send envelopes for (on behalf of) other users through the DocuSign API. The user must have Account-Wide Rights enabled to use this option. Sequential Signing (API) (Checkbox) – This option lets the user define the routing order of recipients for envelopes sent using the DocuSign API. Advanced DocuSign Desktop Client (Checkbox) – This option lets the user send and manage envelopes from the DocuSign Desktop Client. The DocuSign Desktop Client is installed separately. PowerForms (Checkbox) – This option enables the user as a PowerForms sender. PowerForms Admin (Checkbox) – This option enables the user as a PowerForms administrator. This lets the user create, manage and download the PowerForms documents. TransactionPoint (Checkbox) - This option lets the user select an envelope from their member console and upload the envelope documents to TransactionPoint. eVault (Checkbox) – This option lets the user send documents for electronic vaulting at eOriginal. Transfer Envelopes to User (Checkbox) – This option lets Customer Administrators transfer envelopes from other accounts to this user. Allow sender to set email language for recipients (Checkbox) – This option enables the option for the sender to set the language used in the standard email format for a recipient when creating an......

Words: 8797 - Pages: 36

Business Admin

...Information 3 Management accounting is defined as: "The provision of information required by management for such purposes as: (1) (2) (3) (4) (5) (6) (a) (b) (c) (d) (e) (f) formulation of policies; planning and controlling the activities of the enterprise; decision taking on alternative courses of action; disclosure to those external to the entity (shareholders and others); disclosure to employees; safeguarding assets. formulation of plans to meet objectives (long-term planning); formulation of short-term operation plans (budgeting/profit planning); recording of actual transactions (financial accounting and cost accounting); corrective action to bring future actual transactions into line (financial control); obtaining and controlling finance (treasurership); reviewing and reporting on systems and operations (internal audit, management audit)." The above involves participation in management to ensure that there is effective: Financial accounting is referred to as: "That part of accounting which covers the classification and recording of actual transactions of an entity in monetary terms in accordance with established concepts, principles, accounting standards and legal requirements and presents as accurate a view as possible of the effect of those transactions over a period of time and at the end of that time." All three branches of accounting should be integrated into the company's reporting system.  Financial accounting maintains a record of each transaction......

Words: 98805 - Pages: 396

Business Admin

... Sole Proprietorship, Partnership or Corporation? Every organization has its advantages and disadvantages. When considering the Sole Proprietorship, I think about the positive aspects of it. Sole Proprietorship allows me to have complete control over my product and or business. It also gives me the opportunity to sale or transfer my product or business at my own choosing. On top of that, if deciding to form a Sole Proprietorship, I would encounter lesser cost when it comes to the legal aspect. With all advantages there come disadvantages. While thinking if Sole Proprietorship is the way to go, I have to consider the major fact that if I decide on this particular business organization every decision and responsibility including finances fall solely on me. Partnership is also a choice that allows me the advantages of funding, which is huge. Having a partnership makes funding to get my business or product up and running a lot easier, rather than having to fund my project alone causing delays due to lack of funds or possibly investing every penny I have and losing everything I invest. Also, being in a partnership allows more brain power, simply stated, ‘two (or more) heads are better than one’, meaning that because there is now more than one brain functioning, there are more ideas being generated, along with more skills and possible positive connections or contacts that may promote the business or product on an even more successful level. Thinking about the......

Words: 926 - Pages: 4


...the 3ie. • Conducted M&E field visits by the CO, Regional and Division M&E Teams in PRIME and non-PRIME regions. The State of Basic Education: Gaining Ground | March 28, 2012 | The Tower Club, Makati City * 99. BESRA SECTOR REFORM AGENDABASIC EDUCATION ACCOMPLISHMENTSKRT 5 Change institutional culture of DepED to better support these key reform thrusts Restructuring • Issuance of DepED Memo no. 271, s. 2011 Reconstitution of (Rationalization Plan) the Change Management Team • The Plan restructuring for the Regions and Divisions was completed while the Plan for the Central Office is on-going. • Major outputs of the study sessions is the identification of 4 KRAs (Curriculum and Instruction, Quality, Governance and Operations and Finance and Administration). • Consultations with Civil Service Commission and DBM is on- going. • Target submission of the Rationalization Plan of DepED to DBM is in April 2012. Systems and Processes • Final draft on Strategy Map, Measures Profile and Strategic Interventions were presented to EXECOM The State of Basic Education: Gaining Ground | March 28, 2012 | The Tower Club, Makati City * 100. BESRA SECTOR REFORM AGENDABASIC EDUCATION ACCOMPLISHMENTSKRT 5 Change institutional culture of DepED to better support these key reform thrusts Resource Mobilization and • Engaged technical assistance from AusAID (PDP-Australia) last Management 05 February 2012 to develop within 5 months the Financial Management Information System (FMIS)......

Words: 6634 - Pages: 27


...for processing purchase and sales ledger invoices, complete reconciliations, and general finance related within the department. In busy periods also assisting with answering the phone & general admin duties. Duties:  Record ledger accounts including accruals and prepayments.  Prepare Statement of account, fully reconciled and supported with relevant and original approved documents.  Record the supplier’s invoices in the company’s system.  Prepare month wise payment report for the management and HR division.  Prepare material enquires and quotations for the management.  Maintaining inventory records. Accounts Executive Core Solutions Trading Co., Lahore, Pakistan March 2007 – January 2010 Responsible for various areas including; invoicing, expenses, payment runs, reconciliations and dealing with financial queries. Also be required to cover for other staff in the finance team Duties:  Prepare weekly and monthly petty cash report.  Scrutinizing cash vouchers and journal vouchers.  Prepare Statement of account, fully reconciled and supported with relevant and original approved documents.  Payment follow-up and preparation of cheques.  Record and process invoices and payments for suppliers.  Prepare material enquiries and quotations for the management.  Involved in preparing monthly management accounts. EDUCATION  Virtual University of Pakistan Master of Accounting & Finance (Study Continue)  Punjab College of Commerce, Lahore Bachelor of Commerce  Sheikh......

Words: 837 - Pages: 4


...majority of the bank’s loan portfolio. For each sector, a clear indication of the bank’s appetite for growth should be indicated (as an example, Textiles: Grow, Cement: Maintain, Construction: Shrink). This will provide necessary direction to the bank’s marketing staff. Types of Loan Facilities The type of loans that are permitted should be clearly indicated, such as Working Capital, Trade Finance, Term Loan, etc. Single Borrower/Group Limits/Syndication Details of the bank’s Single Borrower/Group limits should be included as per Bangladesh Bank guidelines. Banks may wish to establish more conservative criteria in this regard. Appendix-3.4.3 provides brief description of financing under syndicated arrangement. Lending Caps Banks should establish a specific industry sector exposure cap to avoid over concentration in any one industry sector. § § § Page 5 § Discouraged Business Types Banks should outline industries or lending activities that are discouraged. As a minimum, the following should be discouraged: Military Equipment/Weapons Finance Highly Leveraged Transactions Finance of Speculative Investments Logging, Mineral Extraction/Mining, or other activity that is Ethically or Environmentally Sensitive Lending to companies listed on CIB black list or known defaulters Counterparties in countries subject to UN sanctions Share Lending Taking an Equity Stake in Borrowers Lending to Holding Companies Bridge Loans relying on equity/debt issuance as a source of......

Words: 13452 - Pages: 54

It Admin

...individual, so that there is no sharing of an individual account between multiple people? |  2 |  Institutional |  √ |   | 2  |  Privileged | √  |   | 2  |  Individual | √  |   | 1  |  Institutional | √  |   | 1  |  Privileged | √  |   | 1  |  Individual | √  |   | MSSEI 9.3 Separation of system resourcesDo Resource Proprietors or Resource Custodians use any shared accounts or re-use individual accounts for application credentials, service accounts, user accounts, database accounts, or system hardware? | 2 | Institutional | √ |   | 1 | Institutional | √ |   | MSSEI 10.1 Use of admin accounts only on secure devicesAre all users given their own account to institutional devices? Are privileged accounts used only for administrative tasks? | 2 | Institutional | √ |   | 2 | Privileged | √ |   | 1 | Institutional | √ |   | 1 | Privileged | + |   | MSSEI 10.2 Admin account securityDo you maintain a password policy for administrative accounts on institutional and privileged devices? Are your password complexity requirements compliant with MSSND 5? Provide documentation of password policies. Do you use administrative accounts when conducting high-risk activities such as reading email, using a web browser (e.g., to download a patch or tool), or reading and editing general documents? | 2 | Institutional | √ |   | 2 | Privileged | √ |   | 1 | Institutional | √ |   | 1 | Privileged | + |   | MSSEI 11.1 Managed hardware firewallDo you have hardware......

Words: 3263 - Pages: 14


...SUGGESTED PROGRAM PLAN FOR FINANCE MAJORS FIRST YEAR Fall Semester (14 or 15 credits) Spring Semester (15 or 16 credits) ENG106 Writing Intensive First Year Seminar* HCS100 Hum Comm Studies HIS101 World History I* HIS106 World History II* MAT108 Finite Math MAT181 Applied Calculus I ________ General Education elective ISM142 Business Computer Systems* BSN101 Foundations of Bus Admin (2 crs.)* ________ General Education elective or a General Education elective* or ECO113 Principles of Economics (4 crs.) SECOND YEAR Fall Semester (16 or 15 credits) Spring Semester (15 credits) ACC200 Fundamentals of Financial Accounting ACC201 Managerial Accounting SCM200 Statistical Applications in Business* BSL261 American Legal Environment* ECO113 Principles of Economics (4 crs) ECO280 Managerial Economics or a General Education elective ________ General Education elective ________ General Education elective ________ General Education elective ________ General Education elective THIRD YEAR Fall Semester (15 credits) Spring Semester (15 credits) FIN311 Financial Management FIN313 Advanced Financial Management (SP) MKT305 Principles of Marketing FIN333 Applied Comp. & Security Analysis (SP) MGT305 Organizational Behavior SCM330 Supply Chain & Operations Management ________ General Education elective ________ Free elective ________ General Education elective ________ General Education or Free......

Words: 620 - Pages: 3

Admin Repo

...Trinidad and Tobago and to carry on any business relating to postal services, including postal financial services and electronic or telecommunications services. The Act also states that TTPost may carry on any business or activity that is incidental to or which is capable of being conveniently performed in order to deliver its services. 6. The 2009 to 2012 strategic priorities of the Corporation were: * Tariff increase; * Vesting of properties to TTPost; * Introduction of Postal Codes to Trinidad and Tobago addresses; and * Introduction of a standardized addressing system. 7. In pursuit of these priorities, TTPost was structured into four (4) Divisions, namely: * Human Resources; * Finance; * Operations; and * Sales and Marketing 8. The Corporation’s reporting function consisted of monthly performance reports to the Minister of Public Utilities. 9. During the period October 2009 to September 2011, TTPost reported losses of $17.95Mn. The Corporation reported a profit of $2.04Mn during the period October 2011 to September 2012. 10. TTPost’s major achievements for the period 2009 to 2012 included the following: * Commenced the standard addressing system; * Commenced the postal code system; and * Realized its first profitable year in Fiscal 2011-2012. A more in-depth analysis of the reports is attached as Appendices II. 10. The Ministry of Public Utilities has reviewed......

Words: 683 - Pages: 3

Health Admin

...Cash Management Services Cash management services are offered to businesses to assist them in handling their finances. The term cash management can be used to describe a wide range of services offered by banks from payroll to investments to a standard bank account. This paper will analyze the cash management services offered by Metro Bank, Susquehanna Bank, and PNC Bank. PNC Bank offers several international banking tools. These include international bank account numbers, also known as IBAN’s. This allows companies to transfer money internationally without hassle. They also offer something similar for Mexico alone, called Clave Bancaria Estandarizada, or CLABE and a service specifically for Canada called the Canada Express. Also included in international services are: Web-based foreign exchange, multi-currency accounts, cross-border electronic data interchange (EDI), international balance reporting, and SWIFT. PNC offers investment management, online banking, funds transfers, invoice automation, and special reports to name a few specifics. Generally, they offer payment and disbursement services, collection and deposit services, services regarding liquidity and investments, and information reporting. The most impressive feature of PNC Bank’s cash management services is the wide range of international services. Those were not noted in such a variety at any other bank (PNC, 2011). Susquehanna Bank offers collection services, concentration services, disbursement...

Words: 1015 - Pages: 5

Admin Law

...that kind to particular cases; - 2. parliamentary control of the relevant decision, although not definitive, is an indication that the decisions might properly be characterised as legislative rather then administrative. - 3. A requirement of public consultation further indicates the decision may be one of a legislative rather than administrative nature; - 4. The fact that provision is made for review of decision on the merits is an indication that the decision is of an administrative nature. - 5. The fact that a decision has a binding legal effect, in the sense of directly affecting the operation of other statutory provisions suggests it is legislative in nature. Paradise v GCCC decision of legislative character as it is a by-law, admin character applies by-law rule to a fact situation to achieve a result. Making of by-law thus reviewable under general law, but not under statute Queensland Medical Laboratory v Blewett Minister had power to make a determination substituting a new pathology services table of allowable fees in a schedule of the legislation. Power was legislative because the decision created a new rule to govern future cases RG Capital Radio v ABA Power enabling the authority to prepare a licence area plan to determine the number and type of broadcasting services to be made available in a particular area was held to be legislative Federal Airports Corporation v Aerolineas Aregentians Exercise of statutory power vested in the Federal......

Words: 32688 - Pages: 131

Executive Admin

...List of Textbooks College of Administrative and Financial Sciences Level 3 ID Course Name Title Author/Edition Publisher ECON 101 Microeconomics Survey of Economics: Principles, Applications, and Tools O’SULLIVAN / 5TH edition Pearson ACCT 101 Principles of Accounting Financial Accounting Wild / 6th edition MGT 101 Principles of Management Management: A Practical Introduction Kinicki / 6th edition McGrawHill CourseSmart McGrawHill CourseSmart Level 4 ID Course Name Title Author/Edition Publisher FIN 101 Principles of Finance Fundamentals of Corporate Finance Breasley, Myers, & Marcus McGraw-Hill MGT 201 Marketing Management Marketing: Defined, Explained, Applied Levens, 2012, 2nd edition Prentice Hall Human Resources Management DeCenzo, 2012, 11th edition Wiley Saudi Arabia Labor Law Outline Michael O'Kane, 2010 Al-Andalus Publishing E- Commerce: Business, Technology, Society Lauden, 2013, 9th edition Pearson MGT 211 E-COM 101 HR Management E-Commerce Level 5 ID ECON 201 MIS 201 ECOM 201 Course Name Title Author/Edition Publisher Macroeconomics Principles of Macroeconomics, N. Gregory Mankiw, 6th Edition, 2011 Cengage Learning Information Systems Management Management Information Systems, R. Kelly Rainer, Hugh J. Watson, Brad Prince, 2nd Edition,......

Words: 947 - Pages: 4


...rapid growth of Android smartphone sales. Carriers are likely to play a limited role in the distribution of tablets compared to consumer electronics retail chains. Our view and revised forecast, then, assumes that the trajectory of the iPad’s market share will more closely resemble the iPod’s market share rather than the iPhone’s share. A capital structure is defined as a mix of permanent long term capital employed by enterprises to run their operations and to meet their long term project investment needs. There are two main sources available from which a firm can obtain finance. They are internal (retained earnings) and external (debts and equity). The retained earnings is also part of equity or share capital and, it is seen an investment in firm from the existing shareholders for which they will get more return in future. Eventually there are two main source of finance as equity and debt. Hence, the capital structure decisions are associated to adjustment of this mix of two variables namely debt and equity, in order to minimize average cost of capital and maximize the market value of firm. It is often seen that the mix of debt and equity varies across firms and industries depending on various factors such as type of industry, firm size, kind of assets employed by firm so on. Financial trends: Although AAPL's sales are affected by broader macroeconomic conditions, we believe the company has been less cyclical than peers, given its strong brand,......

Words: 4283 - Pages: 18


...2010 A Grand Project Report on Credit Risk Management at State Bank of Mysore N. R. Institute of Business Management 23/3/2010 A Grand Project Report on Credit Risk Management at State Bank of Mysore N. R. Institu of Business Manag itute agement A Grand Project Report on rand Credit Risk Manag anagement at State Bank of M k Mysore (IN PARTIAL FULFILLMENT OF PROJECT STUDY COURSE, IN TWO YEARS FULL TIME LMENT O WO YEAR MASTER OF BUSINESS ADMIN SS ADMINISTRATION PROGRAMME OF GUJARAT U UJARAT UNIVERSITY) Submitted To: Prof. Dharmesh Shah hah (Asst. Professor, NRIBM) Submitted By: Subm Sandip A. Makwa (08056) akwana Luv D. Palk (08064) . Palkar Prof. Viral Pandya (Asst. Professor, NRIBM) (Batch: 2008-10) N. R. Institu of Business Management nstitute ent CERTIFICATE This is to certify that Mr. Sa ndip A. Makwa wana (08056) and Mr. Luv D. Palk alkar (08064 ) students of N.R.Institute of Business Management has successf te essfully completed their grand project on “Credit Risk Management at State Bank of Mysore” “Credit Mysore” Ba in partial fulfillment o two years Master of Business Administration of s A Programme of Gujarat University. This is their original wor and has not t U work been submitted elsewhere ere. _________________________ Dr. Hitesh Ruparel Director In-charge, NRIBM _____________________________ Prof. Dharmesh Shah Asst. Professor, NRIBM & Internal Project Guide ______________ _______________________ Prof. Vir Pandya...

Words: 16592 - Pages: 67

Business Admin

...In corporate finance, Economic Value Added or EVA, a registered trademark of Stern Stewart & Co., is an estimate of a firm's economic profit – being the value created in excess of the required return of the company's investors (being shareholders and debt holders). Quite simply, EVA is the profit earned by the firm less the cost of financing the firm's capital. The idea is that value is created when the return on the firm's economic capital employed is greater than the cost of that capital; see Corporate finance: working capital management. This amount can be determined by making adjustments to GAAP accounting. There are potentially over 160 adjustments that could be made but in practice only five or seven key ones are made, depending on the company and the industry it competes in. NOPAT is profits derived from a company’s operations after cash taxes but before financing costs and non-cash bookkeeping entries. It is the total pool of profits available to provide a cash return to those who provide capital to the firm. Capital is the amount of cash invested in the business, net of depreciation. It can be calculated as the sum of interest-bearing debt and equity or as the sum of net assets less non-interest-bearing current liabilities (NIBCLs). The capital charge is the cash flow required to compensate investors for the riskiness of the business given the amount of economic capital invested. The cost of capital is the minimum rate of return on capital required to compensate......

Words: 468 - Pages: 2