Case Study Of Huawei Technologies Co. Ltd.
Company Background
Huawei Technologies Co. Ltd. is one of the leaders in global information and communications technology (ICT) solutions provider that was founded on 1987 by Ren Zhengfei an ex-military officered. It is only established as a private company, and the company headquarters in Shenzhen, China. The company's core mission is to provide consulting and operating services for most Chinese and foreign companies. Huawei had about 140,000 employees work at the company and 46 percent of employees are participating in research and development. (Tian-Tao, Cremer, & Chunbo, n.d)
Samsung Electronics Co. Ltd. is a Korean multinational company. Samsung was founded in 1969 and formerly known as Samsung Electric Industries. The company headquartered
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Sun Yafang), four (4) of whom are deputy chairman (Mr. Guo Ping, Mr. Xu Zhijun, Mr. Hu Houkun, and Mr. Ren Zhengfei.), four (4) executive directors independent directors (Mr. Xu Wenwei, Mr. Li Jie, Mr. Ding Yun, and Ms. Meng Wanzhou) and eight (8) directors (Ms. Chen Lifang, Mr. Wan Biao, Mr. Zhang Ping'an, Mr. Yu Chengdong, Mr. Li Yingtao, Mr. Li Jin'ge, Ms. He Tingbo, and Mr. Wang …show more content…
Role of Board of Directors in Strategic Management
The board of directors directs and oversees overall business operations and makes decisions on major issues in the strategic and operational areas. The main responsibilities of the board include:
• Approval of the company's strategic direction and mid- and long-term business plans and supervision of its implementation
• Approval of the company's major financial arrangements and business transactions; company's operations and financial results
• Establish and review governance structure based on the company's development and changes in business environment
• Supervise the establishment and maintenance of company supervision mechanisms
• Provide management with advice and guidance on major issues, including major market changes and risks
• Approve the appointment and remuneration of CEOs; establish succession plans for CEOs and other senior management; appointment of senior managers and their remuneration policy and performance
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