control tech- apply to all business. Besides, Siemens considers efficiency of energy technology. It evolves complex fire power plant, driving system for industry, high voltage direct current (HVDC) and so on.
¨è Where? – First contact to consumers
Siemens concentrates on core business buyer administrating through core foundation of Siemens integration technical power. It set up po
co-founder and CEO Dennis Bakke did not ignore his ambition to build AES as a different kind of company. He believed that the company already has potential to survive the financial pressures. Instead of focusing on profit and shareholder wealth, two co-founders, Roger Sant and Dennis Bakke, emphasized its unique management system which pursues integrity, fairness, fun, and social responsibility.
Security Controls
and Weak-nesses
Security was so lax at the TJ Maxx outlet located in Lawrence, Kansas, that employees were able to log onto company servers using blank passwords, the fired employee, Nick Benson, told The Register
WEP
TJX used Wired Equivalent Privacy (WEP) encryption system which was easy for hackers to attack
Fire walls
TJX had neglected to install firewalls and data e
controlled by Tesco. Another reason for choosing Tesco is that they had the fastest growth rate out of all the distribution companies and were more customer oriented compared to the competing companies. Tesco is rated higher in company evaluation such as customer satisfactory rate and environment management rating. A company with better performances will have an excellent organizational supportin
재벌
A Business group that are owned and managed by Family members and relatives in many diversified business areas
Origin of Chaebol
1920s & 1930s after Japan’s colonial rule.
Japan set up companies in very strict control
Chaebol companies massively developed during president
Park Jung Hee in the 1960s & 1970s
The First Five-Year Economic Development Plan
(ONLY FEW GROUPS OF
효용이 낮음
급변하는 경영환경에 대응이 어려움
기존 중앙 통제식 System은 Shareholder 요구사항 증가, 상품/전략 수명주기 단축,고객 Needs의 잦은 변화 등 급변하는 환경변화에 대응이 어려움
환경 변화에 대한 대응 방안보다 목표 대비 실적차이에 Focusing하고, 목표 달성 방안에집중하는 결과 초래
Agency cost
- Moral Hazard Problem
- Adverse Selection
Agency theory
Agency theory is a set of ideas on organizational control based on the belief that the separation of the ownership from management creates the potential for the wishes of owners to be ignored.
중략
Case study - 1
unrelated business
Most of growth due to a series of acquisitions
that were unrelated business.
shareholders approved a deal. The following month, after the U.S. Department of Justice declared that it did not have any antitrust objections, Delta completed its $2.8 billion acquisition of Northwest.
● Current trends
- They use variety social network service program and global network.
-Affected by rise of an oil price. Because airlines most big expense is fuel tax.
●Current st
③ Family Owned Company
In-N-Out Burger is a private, family-run, non-franchised company. Rich Snyder maintained his family's opposition to franchising. While McDonald's, which began the same year as In-N-Out, decided to franchise in 1954, the Snyders, though inundated with franchise inquiries, remained firm. They thought franchising would cause them to lose control of In-N-Out Burger an
1.2.2. The Law of Requisite Variety
The Law of Requisite Variety says that the number of different states of a system’s control mechanism must be higher than or at least equal to the number of (possible) different states in the system being controlled, in order to guarantee stability. But in reality, the variety of the environment is larger than the variety of the organization.
Stafford Beer