(c) An assessment on the management of the SMEs Company. (eg: leadership, operation etc)
In REDtone International Berhad, the Board of Directors (Board) represents the shareholders. The Board also plays an empower role to ensure that the entity of the proper management which include the long-term financial return of the corporate. Besides that, the Board also takes the responsibilities to manage the company and its subsidiaries to achieve the company’s objectives as well as the financial return. In addition, the Board always obligated to increase the shareholder’s value and responsible to the customers, employees, suppliers, the government and communities as well as to the environment. In the management, the Board will direct and supervise
…show more content…
Its membership currently stands at 1000+ comprising companies involved in a whole spectrum of ICT products and services which command 80% of the total ICT trade in Malaysia. PIKOM is the member of the Asian Oceanian Computing Industry Organization (ASOCIA) and World Information Technology and Services Alliance (WITSA) (Corporate Profile, n.d.). It provides incentives for REDtone to help them achieve the goal and needs.
REDtone International Berhad is the group member of the PIKOM (Corporate Profile, n.d.). Nowadays, the technology industry is growing and quickly changing. PIKOM provides research and development (R&D) grants, innovation and commercialization support to REDtone. The methods of R&D are R&D strategy, technical competence, complex problem solving and proprietary technologies. REDtone becomes the first MSC – status (Multimedia Super Corridor) in Malaysia to be awarded the RM 3.2 million grants under the MSC in the year 1998 when the R&D efforts are given by the
…show more content…
In addition, the China (Shanghai) Pilot Free Trade Zone will create an environment which in line with the international practices that expedite the cross border investment and trading, strengthen the China’s economic position and contribute to the economic in China. In principal, the China (Shanghai) Pilot Free Trade Zone is formed to accelerate the government’s functional transformation, opening an investment sectors worldwide, promote the transformation of trade development approach, encourage the innovation and open up of financial services, and improve the regulatory supporting systems (Framework Plan For The China (Shanghai) Pilot Free Trade Zone,
In the case of Commissioner v. Glenshaw Glass Co, the item of potential income was the $324,529.94 in punitive damages for fraud and antitrust violations from Hartford-Empire Company. The lower courts did not treat this as income and determined that Glenshaw was not required to report their awards for punitive damages as income under 26 U.S.C.S. ß 22(a). The taxpayers argued it was unconstitutional by saying there was no constitutional barrier to imposing taxes on punitive damages. The court found the definition of gross income in Section 22 (a) of the 1939 Code.
INTRODUCTION:- Jurlique International Pty Ltd. is an Australian cosmetics manufacturer specializing in natural botanical-based skincare and cosmetics under the brand name Jurlique. Jurlique is considered ethical and environmentally friendly. Jurlique was founded in 1985 the Australian state of South Australia by Dr Jurgen Klein and his wife Ulrike. The company 's name is based on a phonetic combination of their first names.
Red Bead Experiment Submitted By: Sarabjeet Singh (C0712487) Arshdeep Singh (C0719013) Harshpreet Singh (C0713155) Lovish (C0717943) Introduction Red and white beads experiment explained in video mainly based on the Integrated Environment, Safety and Health Management System, it includes all the all the core functions of ISMS environmental management aspects in all five core management functions that support work planning or work scope, hazard analysis, hazard control, work performance, and feedback and improvement. The instructor of the Red Bead experiment, Dr. Deming started with the definition of the work scope, the scope definition serves the purpose of stating exactly what it is that an organization does that is certified to be effectively controlled by the requirements of the standard. Dr. Deming gave different examples by the red and white beads.
Introduction Cooper Tire and Rubber Company was found in the 1914. This company specialized in manufacturing raw materials and also tires for all types of vehicles. Cooper Tire change from producing low cost types of tires to producing a wide variety of high performance tires that is customize to the needs of the growing population of cars. This company has a strong competitive force in the global automotive tire industry.
Five previous C-suite executives sit on the board. These members bring a significant knowledge base in the financial, strategic and general management of large companies. Rounding out the board are two inside directors, Mr. Mendes and Mr. Neil, Diamond's CFO. Furthermore, the board consists of an audit committee, compensation committee, and a nominating & governance committee. Given the wealth of industry knowledge and management experience, the company's board had the capability to successfully govern Diamond Foods as it continued to
Question One: 1. Hajj’s Approach to Found and Scale Cravia Inc. was established in 2001 and headquartered in Dubai, with an aim to “ be a world-class organisation, focused on, dedicated to , and passionate about food and hospitality”. Cravia Inc. runs numerous restaurant chains offering food like appetizers, wraps, burgers, salads, and fries. The organization has grown speedy in the region during the last few years and now has above 1500 employees spread in nearby 85 outlets, and has franchised brands like Cinnabon ,Seattle’s Best Coffee, Zaatar w Zeit , and most recently Five Guys for Saudi Arabia and Bahrain. Moreover, it has established its own brand, the Steak Bar, and created firm roots across regions of UAE and Saudi Arabia.
First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have
• Are my tax and compliance obligations any better than mainland China? • How does ANZ manage the scale of the opportunity? • As a new entrant, is the FTZ a cost-effective way to conduct business? It is stated that Shanghai is likely to rival New York as a financial center and will serve as an international hub, (ANZ Banking Corporation, 2012).
SUPERMAX Corporation Berhad should be aware of their cultural differences in the workplace. Since there have a lot of different race in Malaysia and also most of the workers are from the different background so it can easily cause communication barrier happen between all the workers within the workplace. SUPERMAX should treat this issue seriously and handle it properly in order to avoid misunderstanding and tension between employees. It is vitally significant that there is a good relationship between all the employees and also the superior because it can affect the company’s productivity and efficiency. SUPERMAX should have cultural sensitivity in order to create a harmonious atmosphere in the workplace at the same time it can improve the performance of the company.
Being one of the fifth largest producers of this type of equipment globally emphasize its focus is on heavy equipment manufacturing. However, due to the competitiveness of the heavy equipment industry, companies often must innovate with greater levels of diversification, only with that come with continuing growth and success. Alternatively, the most significant innovation is the multidivisional structure which is also known as (M-form). This structure consists of a corporate office
Nations engage in international trade because they benefit from doing so. The gains from trade arise because trade allows countries to specialise their production in a way that allocates all resources to their most productive use. Trade plays an important role in achieving this allocation because it frees each and every country’s residents from having to consume goods in the same time combination in which the domestic economy can produce them. During the past decade, China’s growing presence in Africa has increasingly become a topic for debate in the international system and among economists as well as policy analysts.
The top management is the final authority and it manages policies and aims for an initiative. It basically focuses on coordinating and planning functions. Led by Chairman Peter Brabeck-Letmathe, the Board has 14 members to handle different parts of the business round-the-globe, supported by Chairman’s and Corporate Governance Committee, Nomination and Compensation Committee, Audit Committee, and Finance Committee. Middle Level of Management: The branch managers and departmental managers constitute the middle level.
A system to check and balances the benefit of all the board of directors and to avoid some of top management from making decisions that only benefit themselves is created and named corporate governance. Corporate governance means the system of rules, practices and processes by which a company is directed and controlled. The set of rules provided as a guidelines for the board of directors to make sure that accountability and fairness in a company’s relationship with its stakeholders such as financiers, customers, management, employees, shareholders and also society in order to achieve company’s goals and targets in a manner that add a value to the company. All of the stakeholders play an important role in corporate governance to ensure that
The current ratio is a liquidity and efficiency ratio that measures a firm's ability to pay off its short-term liabilities with its current assets. In the year 2012, KHB had a current ratio of 1.688 but it comes to decrease in 2013 to a 1.642. The ratio in the year 2014 was 1.670 indicating a slight increase. The competitor of KHB, the PMMB had a current ratio of 4.785, 4.012 and 3.622 from the year 2012 to 2014 respectively. A current ratio should be more than 2.0 as a higher current ratio indicates a more promising current debt payments.