separation ofownership and control)’ 혹은 ‘소유와 경영의 분리(separation ofownership and management)’ 현상
미국은 S&P500 기업의 1/3이 가족소유기업
전문 CEO를 외부에서 영입한 것보다 가족중 누군가가 CEO인 경우가 성과가 더 좋음
미국외 아시아, 라틴아메리카, 유럽 등에서는 Family-owned 기업이 기업지배구조
of the same year in the Atlanta Journal. For the first eight months only nine drinks were sold each day.
By 1888, three versions of Coca-Cola — sold by three separate businesses — were on the market. Asa Griggs Candler acquired a stake in Pemberton's company in 1887 and incorporated it as the Coca Cola Company in 1888. The same year, while suffering from an ongoing addiction to mor
of petroleum products, oil refining business has increased its Crude Refining Facility is composed of the atmospheric crude distillation unit fractionating crude oil into various products, the vacuum distillation unit separating Vacuum Gas Oil and Vacuum Residue from Atmospheric residue, LPG recovery unit, the hydro treating unit removing sulfur from intermediate products of Gas Oil and Kerosene,
PETROLEUM REFINING
PETROLEUM REFINING IS THE PHYSICAL, THERMAL AND CHEMICAL SEPARATION OF CRUDE OIL INTO ITS MAJOR DISTILLATION FRACTIONS WHICH ARE THEN FURTHER PROCESSED THROUGH A SERIES OFSEPARATION AND CONVERSION STEPS INTO FINISHED PETROLEUM PRODUCTS.
ISSUES OF THE INDUSTRY
OIL PRICE INCREASED RAPIDLY
-> DID NOT REFLECT THIS PRICE
TO THE PRODUCTS
EXCHANGE RATE ALSO WENT
Issues & Problems
Issues
Increased Competition
Government Regulations
Anti-smoking Movement
Problems
Failure in Targeting Youth
Loss of Brand Image
Org. & Governance Problem
Government Regulations
Marketing restrictions
Increasing non smoking zones
High taxation
Org. & Governance Problem
Internal corruption due to high pressure in sales figures
Ownership conflicts raised b