DOCSLIB.ORG

Masterarbeit / Master's Thesis

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Masterarbeit / Master's Thesis MASTERARBEIT / MASTER’S THESIS Titel der Masterarbeit / Title of the Master‘s Thesis “Big Business in Asia and its Impact on Economy and Society: The Cases of Ayala and Samsung” verfasst von / submitted by Dkfm. Reinhard-Christoph Endres angestrebter akademischer Grad / in partial fulfilment of the requirements for the degree of Master of Arts (MA) Wien, 2017 Studienkennzahl lt. Studienblatt / A 066 864 degree programme code as it appears on the student record sheet: Studienrichtung lt. Studienblatt / Wirtschaft und Gesellschaft Ostasiens degree programme as it appears on the student record sheet: Betreut von / Supervisor: Univ.-Prof. Mag. Dr. Rüdiger Frank CONTENTS 1. Introduction ......................................................................................................................... 1 1.1. Research Question ........................................................................................................... 1 1.2. Outline ............................................................................................................................ 1 1.3. Remarks .......................................................................................................................... 2 2. State of the Art .................................................................................................................... 3 3. Theory and Method ............................................................................................................ 5 3.1. Definition of “Big Business” .......................................................................................... 5 3.1.1. The Market ............................................................................................................... 5 3.1.2. The Firm .................................................................................................................. 5 3.1.3. The Large Enterprise ............................................................................................... 7 3.1.4. The Conglomerate ................................................................................................. 10 3.1.5. The Family Firm .................................................................................................... 10 3.1.6. Goals ...................................................................................................................... 11 3.2. Socio-Economic Impact ............................................................................................... 14 3.2.1. Capacity Building .................................................................................................. 15 3.2.2. Economic Growth .................................................................................................. 16 3.2.3. Education ............................................................................................................... 16 3.2.4. Enterprise Development ........................................................................................ 16 3.2.5. Environmental Sustainability ................................................................................ 17 3.2.6. Governance ............................................................................................................ 17 3.2.7. Human Rights ........................................................................................................ 18 3.2.8. Poverty Alleviation ................................................................................................ 18 3.2.9. Public Health ......................................................................................................... 19 3.2.10. Social Stability ..................................................................................................... 19 4. Facts and Figures .............................................................................................................. 20 4.1. The Market ................................................................................................................... 20 4.1.1. Philippines ............................................................................................................. 20 4.1.2. South Korea ........................................................................................................... 22 4.2. The Firm ....................................................................................................................... 25 4.2.1. Ayala Corporation in the Philippines .................................................................... 25 4.2.2. Samsung Group in South Korea ............................................................................ 30 4.3. Socio-Economic Impact ............................................................................................... 37 4.3.1. Capacity Building .................................................................................................. 37 Ayala ............................................................................................................................ 37 Samsung ...................................................................................................................... 38 4.3.2. Economic Growth .................................................................................................. 40 Ayala ............................................................................................................................ 40 Samsung ...................................................................................................................... 42 4.3.3. Education ............................................................................................................... 43 Ayala ............................................................................................................................ 44 Samsung ...................................................................................................................... 46 4.3.4. Enterprise Development ........................................................................................ 48 Ayala ............................................................................................................................ 49 Samsung ...................................................................................................................... 51 4.3.5. Environmental Sustainability ................................................................................ 54 Ayala ............................................................................................................................ 54 Samsung ...................................................................................................................... 56 4.3.6. Governance ............................................................................................................ 59 Ayala ............................................................................................................................ 59 Samsung ...................................................................................................................... 62 4.3.7. Human Rights ........................................................................................................ 65 Ayala ............................................................................................................................ 66 Samsung ...................................................................................................................... 67 4.3.8. Poverty Alleviation ................................................................................................ 69 Ayala ............................................................................................................................ 69 Samsung ...................................................................................................................... 72 4.3.9. Public Health ......................................................................................................... 75 Ayala ............................................................................................................................ 75 Samsung ...................................................................................................................... 77 4.3.10. Social Stability ..................................................................................................... 80 Ayala ............................................................................................................................ 80 Samsung ...................................................................................................................... 81 5. Conclusion ......................................................................................................................... 85 List of Abbreviations ............................................................................................................ 95 Bibliography .......................................................................................................................... 96 Abstract ................................................................................................................................ 106 1. INTRODUCTION 1.1. RESEARCH QUESTION The research question is already in the title, i.e. What impacts do big enterprises in Asia have on the economy and society of the countries they operate in? The word "big" itself conveys importance, influence, dominance, power, menace, relevance and opportunity. Because
Load more

Recommended publications
  • Effectiveness of Smartwatch Guidance for High-Quality Infant Cardiopulmonary Resuscitation: a Simulation Study
    medicina Article Effectiveness of Smartwatch Guidance for High-Quality Infant Cardiopulmonary Resuscitation: A Simulation Study Seong A Jeon 1, Hansol Chang 1,2, Sun Young Yoon 2, Nayeong Hwang 3, Kyunga Kim 3, Hee Yoon 1, Sung Yeon Hwang 1 , Tae Gun Shin 1 , Won Chul Cha 1,2,4 and Taerim Kim 1,* 1 Department of Emergency Medicine, Samsung Medical Center, Sungkyunkwan University School of Medicine, Seoul 06351, Korea; [email protected] (S.A.J.); [email protected] (H.C.); [email protected] (H.Y.); [email protected] (S.Y.H.); [email protected] (T.G.S.); [email protected] (W.C.C.) 2 Department of Digital Health, Samsung Advanced Institute for Health Sciences and Technology, Sungkyunkwan University, Seoul 06355, Korea; [email protected] 3 Biostatistics and Clinical Epidemiology Center, Samsung Medical Center, Seoul 06351, Korea; [email protected] (N.H.); [email protected] (K.K.) 4 Health Information and Strategy Center, Samsung Medical Center, 81 Irwon-ro Gangnam-gu, Seoul 06351, Korea * Correspondence: [email protected]; Tel.: +82-2-3410-2053; Fax: +82-2-3410-0049 Abstract: Background and objectives: As in adults, the survival rates and neurological outcomes after infant Cardiopulmonary resuscitation (CPR) are closely related to the quality of resuscitation. This study aimed to demonstrate that using a smartwatch as a haptic feedback device increases the quality of infant CPR performed by medical professionals. Materials and methods: We designed a prospective, randomized, case-crossover simulation study. The participants (n = 36) were randomly allocated to Citation: Jeon, S.A.; Chang, H.; Yoon, two groups: control first group and smartwatch first group.
    [Show full text]
  • Ayala Corporation Analysts Briefing First Half of 2018 Financial and Operating Results W a T E R August 13, 2018 Healthcare
    Real Estate F i n a n c i a l Infrastructure S e r v i c e s Power Generation Industrial Telecom Technologies Ayala Corporation Analysts Briefing First Half of 2018 Financial and Operating Results W a t e r August 13, 2018 Healthcare Social Commitment Education Financial Highlights Strong performance of Ayala Land, Globe and AC Energy drove Ayala’s earnings growth 1H 2018 Financial Results (₱ billions) 2Q 2018 Financial Results (₱ billions) ₱16.1 billion + 7% ₱8.4 billion + 3% Net Income Net Income ₱19.5 billion + 12% ₱10.2 billion + 15% Equity in Net Earnings Equity in Net Earnings 2 1H2018 Equity Earnings Ayala Land, Globe, and AC Energy continued to drive Ayala’s equity earnings 1H2018 Equity in Net Earnings by Business Unit (In ₱ billions) +18% -5.7% 6.3 5.3 +25% 2.22x 3.1 +14% 2.1 1.7 +5% 0.8 3 1H2018 Parent Capital Expenditure We deployed 67% of our 2018 capex budget halfway through the year to fund participation in BPI’s and IMI’s SROs Parent-level actual capex spent for 1H 2018 (In ₱ Billion) 51.8 Budgeted Spent 34.9 26.2 26.6 12.2 3.1 3.4 3.1 3.9 3.8 1.3 1.3 1.4 0.5 Strategic Total Opportunities 4 Financial Management We maintain a healthy balance sheet that can support our investments and fulfill our debt and dividend obligations As of Dec 31, As of Jun 30, Schedule of Debt Maturities1* Click to edit2017 Master 2018 Click to edit Master (₱ billions) Audited Audited 20 PHP USD PARENT Gross debt ₱83.3B ₱109.2B 10 Cash ₱18.6B ₱15.7B ₱64.7B ₱93.5B Net debt 0 18 19 20 21 22 23 24 25 26 27 28 Net D/E ratio 0.59 0.85 Total Parent Equity Click to edit Master Debt Profile* LTV ratio 6.4% 11.6% YE2017 1H2018 Cash flow Debt in ₱ 58.5% 66.4% 2.33x 1.62x adequacy ratio Debt with fixed rates 92.6% 84.5% CONSOLIDATED Blended cost of debt 4.2% 4.4% Net D/E ratio Avg.
    [Show full text]
  • Interbrand-Best-Korean-Brands-2015
    Contents 02 Introduction 04 The future of business is personal 06 The Age of You: key questions answered 10 Best Korea Brands 2015 Top50 46 Best Korea Brands 2015 Analysis 54 Authors & Contributors 1 engage customers and generate genuine result, each of us will become our own 2015 will provide the insights you need value for the business. marketplace or “Mecosystem.” to drive your organization forward—and Introduction new inspiration to push creative thought The need to create brand experiences In our report, Jez Frampton, Global CEO Jihun Moon and innovation in these changing times. that are seamless and more holistic has of Interbrand, will elaborate on this new been precipitated by sector convergence era, which we at Interbrand refer to as Congratulations to all of Korea’s Best The origin of the term “branding” was and the rise of Big Data. Harnessing the the “Age of You”—the move from brand Global Brands—in particular those whose lit¬erally to burn one’s name onto prop- potential of Big Data isn’t just for tech as monologue, to brand as dialogue, leadership skills have earned them a erty as a crude mark of ownership. But companies anymore—it offers huge to brand as a communal experience, to place among the nation’s top brands. it’s only in our relatively recent history opportunities for all brands. By collecting brand as a truly personal and curated ex- that branding has become recognized as To your continued success, and analyzing customer data and honing perience created around each and every a business discipline.
    [Show full text]
  • Hospital Map ※ As of June 1St 2019 Samsung Medical Center
    Internatioanl Healthcare Center Hospital Map ※ As of June 1st 2019 Samsung Medical Center Cancer Center Annex Main Building Febrile respiratory infectious disease unit 2F 1F 1F GATE 2 Ward E/V : to rehabilitation center(B4) Transparent E/V : to health promotion center(4F,5F), Parking lot(B5,B6) and lockers Emergengy Endocrinology Dialysis unit Ophthalmology department (Diabetes center/ Thyroid center) Diabetes Lab. GATE 4 Communicable diseases Outpatient isolation unit payment (CDIU) ATM Ambulatory SMC Ward E/V Cardiac/ Stem cell Outpatient Partners treatment Pulmonary transplantation Dentistry Ophthalmology accounts/ cashier Center center function Lab. Clinic [SPC] E/V to MRI(B3) Cafe Outpatient injection & Ward E/V Prescription pharmacy (Antiemeticum) Shinhan Bank ATM GATE 1 Outpatient Cancer Center Annex Annex Main Building accounts/ Main/Annex Building Passageways Passageways Pedestrian crossing Hematology- Cashier 2F 1F 1F 1F oncology Outpatient E/V to Proton therapy Customer GATE 5 center service to trail Samsung Mobile Store Breast Imaging Radiology(Ultrasound) Lung and GATE 11 Esophageal Breast cancer cancer Breast Transparent feeding Spine center Center (Department center E/V room Children's of orthopedics) Radiology laboratory Play room Proton Laboratory Day treatment unit therapy Info. (Injection room) center medicine Laboratory Children's Division of outpatients pediatric Restroom Stairway Pharmacy surgery Pathology and Elevator Registration Laboratory Children's day treatment unit Main Building translational genomics Parking
    [Show full text]
  • Christian Communication and Its Impact on Korean Society : Past, Present and Future Soon Nim Lee University of Wollongong
    University of Wollongong Thesis Collections University of Wollongong Thesis Collection University of Wollongong Year Christian communication and its impact on Korean society : past, present and future Soon Nim Lee University of Wollongong Lee, Soon Nim, Christian communication and its impact on Korean society : past, present and future, Doctor of Philosphy thesis, School of Journalism and Creative Writing - Faculty of Creative Arts, University of Wollongong, 2009. http://ro.uow.edu.au/theses/3051 This paper is posted at Research Online. Christian Communication and Its Impact on Korean Society: Past, Present and Future Thesis submitted in fulfilment of the requirements for the award of the degree of Doctor of Philosophy University of Wollongong Soon Nim Lee Faculty of Creative Arts School of Journalism & Creative writing October 2009 i CERTIFICATION I, Soon Nim, Lee, declare that this thesis, submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy, in the Department of Creative Arts and Writings (School of Journalism), University of Wollongong, is wholly my own work unless otherwise referenced or acknowledged. The document has not been submitted for qualifications at any other academic institution. Soon Nim, Lee 18 March 2009. i Table of Contents Certification i Table of Contents ii List of Tables vii Abstract viii Acknowledgements x Chapter 1: Introduction 1 Chapter 2: Christianity awakens the sleeping Hangeul 12 Introduction 12 2.1 What is the Hangeul? 12 2.2 Praise of Hangeul by Christian missionaries
    [Show full text]
  • Corporate Philanthropy in Asia: Innovations That Unlock the Resources of Business for the Common Good
    Corporate Philanthropy in Asia: Innovations that Unlock the Resources of Business for the Common Good Entrepreneurial Social Finance in Asia: Working Paper No. 5 asia centre for ocial Our Entrepreneurial Social Finance working papers explore the role of philanthropy in s supporting entrepreneurial social ventures in Asia. We previously reported on the social entrepreneurship & fnance ecosystem, innovative models of philanthropy including collective giving, and how hilanthropy angel investing for impact can beneft social enterprise. This paper examines the particular p role of corporate business as provider of philanthropic capital – fnancial, human and intellectual. In addition to using traditional grant funding, we found that some corporations invest in early stage ventures that reach the poorest with afordable goods and services, or outsource their business processes to social enterprise vendors. Businesses increasingly see skilled volunteering and giving circles as new approaches to community engagement that Corporate Philanthropy in Asia motivate and retain employees. Innovations that Unlock the Resources of Business By way of 23 case studies drawn from Australia, China, Hong Kong, India, Japan, the Philippines for the Common Good and Singapore, we illustrate in this report the various ways these businesses engage with high-potential social organisations and ofer recommendations on ways the corporation can Entrepreneurial Social Finance in Asia: Working Paper No. 5 creatively deploy its resources for public good in Asia. Rob John Audrey Chia Ken Ito ISBN 978-981-11-2708-3 May 2017 acsep: knowledge for good acsep: knowledge for good ACSEP The Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP) is an academic research centre at the National University of Singapore (NUS) Business School, stafed by an international multi-disciplinary research team.
    [Show full text]
  • South Korea Product Profiles Download the Report
    Market opportunities for Queensland agribusiness from FTA with South Korea FINAL REPORT 1 Executive summary Background Australia recently signed Free Trade Agreements (FTAs) with China (June 2015), Japan (July 2014) and South Korea (April 2014). These agreements substantially reduce or remove tariffs on a range of Australian food and agribusiness export products including beef, grains, horticulture, seafood and processed foods, which together represent a large share of Queensland’s total agricultural production and exports. Deloitte Access Economics has been engaged by Trade & Investment Queensland (TIQ) and the Queensland Department of Agriculture and Fisheries (DAF) to identify opportunities and barriers within Queensland agribusiness sectors arising from the FTAs. The project has been undertaken in two stages. Stage 1 highlighted the commodities which showed the most promise for increased trade and investment between China, Japan and South Korea. These commodities were identified through analysis of tariff reductions, Queensland production, exports, consumption trends and major competitors as well as consultation with Queensland agribusiness stakeholders. Stage 2 (this report) profiles these identified commodities in more detail to identify any non-tariff barriers, supply chain constraints, market operation and their Strengths, Weaknesses, Opportunities and Threats (SWOT). This profiling was informed through further consultation with Queensland Government, industry associations, traders and selected in-market contacts in China, Japan
    [Show full text]
  • Copyrighted Material
    Index 3P Innovation, 31 Breach of trust, 66, 67, 222 Consumer marketing, 109 3Ps (Proactive, Professional, British government, 21 Continual crisis, 35, 44, Progressive), 142 Buchon, 22 110, 113, 125, 126, 7 DNA, 132 BusinessWeek, 43, 63, 113, 186, 205, 232, 233 8 Action Values, 133 204, 214, 235 Continuous innovation, 9 Shared Values, 144 132, 137, 144 Control Data, 17 A C Canon, 17 Convertible bonds (CB), 49, Adizes, Ichak, 9, 10, 11, 12, 67, 68, 87 13, 88, 124, 185, 201 Chaebol, 2, 5, 17, 28, 29, 30, 32, 38, 47–50, 52, 54, Corning, 22, 168 Aibo, 81 Corporate life cycle, 5, American Depositor 55, 56, 58, 62, 63, 65, 66, 67, 68, 94, 121, 7–16, 34, 124, 201 Receipts (ADRs), 73 Creative management, 44, American Forces Korea 124, 126, 129, 130, 131 Charge Trap Flash 148, 188, 212 Network (AFKN), 21 Credit Lyonnais, 80 Apple, 74, 83, 158, 181, 189, (CTF), 177 Cheil Communications, Crisis awareness, 136, 211, 212, 216, 224 137, 144 Asia Business Leader 110, 112 Award, 36 Cheil, 18, 50 Asian financial crisis, 6, 33, Cheil Jedang, 50, 53 D 55, 155, 217 Chin Dae-je, 103 Daegu, 18, 50 Asia’s Businessman of the Christian Science Monitor, 27 Daesung Heavy Industry, 52 Year, 36 Chrysler, 53 Daewoo, 30, 32, 52, 129, Chu Woo-sik, 43, 54, 215 B 188, 206 Daewoo Electronics, 25, Balli balli (quickly Chun Doo-whan, 23 32, 101 quickly), 138 Circular shareholding, 49, 53 Datamonitor summary, 48 Bankruptcy, 3, 20, 28, 29, Clinton, Bill, 21 Debt ratio, 30, 62 54, 107 CNBC, 36 Decentralization, 42, 88, 90 Bateman, Graeme,COPYRIGHTED 39 Code Division Multiple
    [Show full text]
  • Cafeteria Services VISION
    No. 1 food supply distributor IR Material(2012) 0 Vision & Holding Structure Summary The SYSCO of Asia, No.1 domestic food supply distributor and leader in the paradigm shift of cafeteria services VISION To become the sole leader in the domestic food supply distribution market in terms of scale and capability, and become the Sysco of Asia through globalization "2016 sales of W5tn, OP W150bn" History Holding Structure . 1988, established Samil Agriculture Fishery(material processing) . 1996, transferred to CJ CJ affiliation Other . 10,798,900 outstanding shares . 1999, began food supply distrubution . Market cap W270bn ITC + corporate (Dec 31, 2011 standard) . 2001, listed on Kosdaq 11.1% . 2007, received first HACCP for hospital catering . 2009, selected as hygiene inspection institution by KFDA . 2010, opened largest domestic distribution center (Icheon) Treasury shares 7.3% 1 Business Structure(Food supply distribution) Overview Leading the food supply distribution market with its simplified process via direct-sourcing from the producer and thorough health control, No.1 domestic food supply distributor with the best SCM and products in the industry CJ Agency Freshway (wholesale) Dining • 317 Sales personnel Maker • 109 MD personnel Cafeteria Affiliates • 20,000+ SKU Producer/ • 9 distribution centers Food Global • 39 food safety center processing personnel Dining Cafeteria Food processing • SamCheongGak • STX Catering • CJ Foodvill • Pizza Hut • Kuksundang • CJ CJ • Pho Mein • Harim • Saempyo • Beer Cabin • Dongyang Magic • Samlip Foods • Bon Juk 2 Business Structure(Cafeteria) Overview Secured various clients in businesses, hospitals, colleges with endless R&D for tastier and healthier food CJ Freshway Business/ Public Menu development & Hygiene & safety Customer satisfaction cooking Hospitals .
    [Show full text]
  • THE NEXT PHASE the NEXT PHASE Samsung Annual Report 2003
    Samsung Annual Report 2003 THE NEXT PHASE THE NEXT PHASE Samsung Annual Report 2003 THE NEXT PHASE MOTIVATION To understand where we’re going, it helps to take a look at what’s driving us there. 9 COLLABORATION Successful companies no longer always go it alone. 23 EXPECTATION Customers are all about expectations. 35 DEMONSTRATION It is important to demonstrate that our standards, values and goals are indeed real. 44 COMPUTATION 61 All Samsung products and services mentioned in this publication are the property of Samsung. ORGANIZATION Published by Samsung in coordination with Cheil Communications Inc. The power of Samsung as a brand is tied Printed by Samsung Moonwha Printing Co., Seoul, Korea to the strength of its organizations. Written by Denis Jakuc 65 Principal Photography by Ashton Worthington Created by The Corporate Agenda: www.corporateagenda.com TEN YEARS AGO, Samsung launched its New Management initiative, with the ultimate goal of becoming one of the world’s premier companies. 1993 June Samsung adopts New Management initiative 1994 1995 1996 February January January January July Chairman Kun-Hee Lee holds Japanese headquarters opens Samsung opens headquarters Samsung Electronics begins Samsung Everland opens Carribean electronics products comparison in USA, Europe and China mass production of 64Mb DRAMs Bay, world’s first indoor and outdoor and evaluation conference July water park in Los Angeles, California, USA Samsung Corporation is the February March first Korean company to reach Samsung Electronics completes Samsung Electronics
    [Show full text]
  • Interim Business Report for the Quarter Ended September 30, 2014
    SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 2014 Note about forward-looking statements Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. Samsung Electronics 2014 Interim Business Report 1 / 152 Table of Contents Certification ........................................................................................................................................................................... 3 I. Corporate Overview .................................................................................................................................................... 4 II. Businesses Overview ................................................................................................................................................ 20 III. Management Discussion and Analysis ...................................................................................................................
    [Show full text]
  • Samsung Press Information
    Company Overview History of Samsung Samsung's history dates to 1938 when "Samsung General Stores" opened in North Kyung- sang Province, Korea. The company conducted its trade business until the 1950s when it became a producer of basic commodities such as sugar and wool. In 1958, Samsung be- came involved in the insurance industry by incorporating a local fire & marine insurance company. During the 1960s, Samsung became one of the first Korean companies to actively expand its overseas trade. The group consolidated its manufacturing base by adding paper and fer- tilizer businesses. Samsung continued with expansion into the life insurance business, strengthened its retail operations and then moved into the communications sector, success- fully establishing a newspaper and a broadcasting company. The 1970s were a crucial period in shaping present-day Samsung. Its strengths in the semi- conductor, information and telecommunications industries grew from the significant in- vestments made during this period. Samsung also took a meaningful step toward heavy industries by venturing into aircraft manufacturing, shipbuilding and construction, as well as chemical industries. In the 1980s, Samsung expanded its efforts into exploring the larger markets overseas. The group began contributing to foreign economies by building facilities in the US, the UK and Portugal. Samsung also invested considerable resources into fostering Korea's rich heritage by supporting a wide range of cultural and artistic activities. The final decade of the 20th century saw the evolution of Samsung's new approach to management. Chairman Kun-Hee Lee's insightful vision and the introduction of the "New Management" in 1993 acknowledged the need to transform management philosophy in or- der to keep up with a rapidly changing global economy.
    [Show full text]