Electronic Project Management System Project in Construction

Electronic Project Management System Project in Construction Introduction Construction is one of the most complicated industries in the world. It engages in many kind of industries and processes to complete the building project. Therefore, construction also needs to use project management methodology to manage the project. Nowadays, information technology is a very useful tool to help the business. Construction also use much information technology to helping in the building processes, therefore, a construction company would like to implement a electronic project management system to manage the building processes. In this electronic project management system project, it would like to choose the PRINCE2 instead of PMP for the project management methodology. We would like to compare those methodologies and suggest the most suitable one for the similar case in construction industry. We have many project management methodologies in the world but it is difficult to choose one for special project. We will use PRINCE 2 to compare with PMP in several areas. Prince 2 â€Å"PRINCE† is a project management methodology and it is stand for PRojects IN Controlled Environments (PRINCE). PRINCE2 is the second version of this methodology and it is a registered trademark of the Office of Government Commerce (OGC) of UK. PRINCE2 is widely in use by UK government and other company in UK. PRINCE2 is a structure project management methodology for different kind of project, not only for Information Technology. Pmbok â€Å"PMBOK† also is a project management methodology and it is stand for â€Å"Project Management Book of Knowledge†. PMBOK is a guide of best practice in a project and it is published by PMI (Project Management Institute). PMBOK is widely in use in the world but not only in US or North America. PMP (Project Management Professional) is a well known certificate for the PMBOK. You could use PMBOK standard in different kind of industry that runs a project. Project Life-cycle based versus Knowledge Area based In PRINCE2, it has clearly defined the project life-cycle in eight main processes as follows, l Starting up a project (SU) l Directing a project (DU) l Initiating a project (IP) l Managing stage boundaries (SB) l Controlling a stage (CS) l Managing product delivery (MP) l Closing a project (CP) l Planning (PL) Each of the main process has its sub-process and totally in 45 processes with their own documentation. Compare with PRINCE2, PMBOK has discuss in nine functional based knowledge area rather than use project life-cycle, l Project integration management l Project scope management l Project time management l Project cost management l Project quality management l Project human resource management l Project communications management l Project risk management l Project procurement management Each of the knowledge area has its sub-process and totally in 42 processes. It seems PRINCE2 has well defined the project life-cycle than PMBOK. PRINCE2 has defined easy to follow procedure, checklists and hints for project manager to use through the project life-cycle. PMBOK mainly discuss the skills, tools and techniques in the nine knowledge areas. In PRINCE2, the project life-cycle is not starting from the needs or feasibility study. In PRINCE2 manual stated â€Å"Most of what in PRINCE2 terms will be stages will be divisions of ‘implementation in the product life span.† Therefore, PRINCE2 is more likely to be implementation methodology than project management methodology. PMBOK recognize any projects needs the assessment and feasibility study before the project start. It is more likely is a project management methodology. Documentation In PRINCE2, it has heavily on documentation. PRINCE2 has described thirty-six standard management documents such as plans and reports that are involved through the whole methodology. Acceptance Criteria, â€Å"A definition in measurable terms of the characteristics required of the final product(s)for it/them to the customers and staff who will be affected.† It seems to be provided by the project management team and written during the project starting and it should be a mandatory documentation in the project. Communication Plan, â€Å"To define all parties interested in the project. It contains a description of the means and frequency of communication between them and the project team.† It is a document stated all interest parties, what information is required, how often is the communication and the method. It is to be provided by the project management team and written during the project starting for future as a communication roadmap. End Project Report, â€Å"This report is the Project Managers report to the Project Board (who may pass it on to corporate or programme management) on how well the project has performed against its Project Initiation Document.† This report should provided by the Project Manager and written during the Closing a Project stage. Also, it is a mandatory document in the project. Issue Log, It is use to record all issues raised in the project those need to take attention. It may include any concern in the project or any requirement out of the project scope the need of the change of scope. â€Å"Project issues may be raised by anyone associated with the project at any time.† In PRINCE2, the issue log is a mandatory document in the controlling project stage. It should has access control and kept in a safe place Lesson Learned Log, â€Å"To be a repository of any lesson learned during the project that can be usefully applied to other projects.† It should be written at the closing stage of the project and it may be a mandatory document to act as a â€Å"Learning Library† for future use. Project Mandate, â€Å"The information in the Mandate is used to trigger Starting up a Project(SU). It should contain sufficient information to identify at least the prospective Executive of the Project Board and indicate the subject matter of the project.† It should come from the Project committee that can approve the cost, the project and any resources. It also is a mandatory document in the project starting stage. Except the â€Å"Lesson Learned Log†, those documents are not discussed and mentioned in the PMBOK. It seems PMBOK is discussing on the project management skills and techniques more than the documentation. Schedule And Planning In PRINCE2, it is more focus on the project goal or objective to be delivered and the quality. It is using some common techniques or tools such as Gantt Chart, Pert Chart or any other method in the Planning (PL) stage. PRINCE2 introduce several steps in the planning stage. Firstly, create a Product Breakdown Structure (PBS). Secondly, write down the Product Description. Finally, create the Product Flow Diagram. PRINCE2 has provided examples and defined clearly in each step what is the project manager should do. It has provided an easy to follow instruction for the project manager to manage the project. In PMBOK, planning is a general skill in the project management. It also applied to each project phase and through the whole project life-cycle. Also, PMBOK will use Gantt Chart or Pert Chart for the project planning and tracking. However, project planning in PMBOK always discussing in different knowledge areas and it seems across and integrated through the whole project. Control In Project Management In PRINCE2, according to the materials, control is talking about the decision making by the project management team. It is targeting to produce the project goal, fulfill the defined project quality condition, meet the project schedule, cost and resources planned and to deal with any crisis it may rose in the project life-cycle to complete the project. As mention at above, it is the responsibility of the project manager. PRINCE2 has defined very clearly between â€Å"Tolerance†, â€Å"Contingency† and â€Å"Change Control†. â€Å"Tolerance is the permissible deviation from a plan without bringing the deviation to the attention of the next higher authority.† Tolerance for the project manager is needed because there has no any project will run as hundred percent as planned in the world even the project manager with a good plan. â€Å"Contingency, in PRINCE2 terms, is a budget including the time and money set aside to carry out a contingency plan which will only be invoked in a linked risk actually occurs.† Contingency plan is needed in the project because the any project has some critical accident issue to cause the project fail. â€Å"Change Control, the control of change means the assessment of the impact of potential changes, their importance, their cost and a judgmental decision by management on whether to include them or not.†[14] In any project, change is inevitable but it need to under control and approved to ensure the project could meet the schedule and budget. IN PMBOK, control is discussed in several knowledge areas. As change control, it is discuss in â€Å"Project Integrated Management† Like the schedule and planning, control is always to be discuss in the several knowledge areas through the whole project life-cycle. Conclusion As a project management methodology, PRINCE2 and PMBOK have very different approaches for project management. It is because both methodologies serve in different areas. Therefore, they cannot directly to do the comparison. PMBOK, it demonstrates the best method for teaching the project management skills and techniques in each knowledge area, but it did not provide an effective guidance or examples for running a project. Compare with PMBOK, PRINCE2 use a project life-cycle base method to demonstrate its methodology is difficult to judge in each knowledge area. After the study of PRINCE2, its most likely to serve as customer vs supplier situation. In the PRINCE2s book, it has been pointing out the project will be running for a customer instead of a self manage situation. That means PRINCE2 is basically use to running a outsource project by the vendor more than running a project by the project sponsor. As describe in the book of PRINCE2, it also has an assumption the project is running for a customer with only one vendor. In the reality of construction management, it always deals with multiple vendors and the coordination or responsibilities are more complex than the example in the book. Compare with PRINCE2, PMBOK is more likely to run the project by the project sponsor rather than outsource to external vendor. It is because the book of PMBOK is written from the point of view of the project sponsor rather than the external vendor. Furthermore, PMBOK has discuss much in human resource management, financial management or procurement management more than PRINCE2. As this papers topic, it is talking about a construction company would like to implement an electronic project management system for construction project. Of course, construction company always in running a construction project. Therefore, project management skills and techniques are their professional and specialty. Although, construction company is a specialist in project management, they are only professional in building project but not software implementation. Since, construction industry is a complicated industry and almost all building project is outsource and subletting to their subcontractor. Therefore, the electronic project management system also needs to deal with different kind of supplier and processes. In the case, the heavily and robust documentation system of PRINCE2 may help to write down all necessary information about the software project. Moreover, outsource and subletting already has best practice in construction industry, it is an easy task for the construction company instead of running the project by themselves. So, PRINCE2 is most prefer to use as the software project management methodology in the construction industry. Bibliography 2005.Managing Successful Projects with PRINCE2.2005 ed. TSO (The Stationery Office). 2000. A Guide To The Project Management Body Of Knowledge. 2000 ed. Project Management Institute Reference [1] PRINCE2, p13 [2] PMBOK, p7 [3] PRINCE2, p234 [4] PMBOK, p12 [5] PRINCE2, p341 [6] PRINCE2, p341 [7] PRINCE2, p345 [8] PRINCE2, p351 [9] PRINCE2, p360 [10] PRINCE2, p361 [11] PRINCE2, p379 [12] PRINCE2, p233 [13] PRINCE2, p236 [14] PRINCE2, p285 [15] PMBOK, p41

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They need to investigating current regulations and laws to do with setting and running a business. In the setting the practitioners need to take all the necessary steps to ensure they are keeping the children well and safe. The early years providers need to safe guard the children, ensure the suitability of adults who have contact with the children, promote good health, manage behavior and maintain records and policies and procedures. The practitioners need to be continually progress through the career and are on the track they want to be and have the confidence to do this within their place of work.The children's development needs to be continued through out there journey with the setting. This will be done by focused observations, scrappy observations, picture, art work and tracking the children using the E. Y. F. S. There are many potential barriers to professional development that can stop the setting or the individual practitioner to do these: Time- the practitioners may find th at finding time to get away to do things can be tricky. This may then put the practitioner behind in their work which will then pile up and they are falling behind within the work place.Time is a crucial factor in personal growth and development, and many individuals lack enough of it. Between ark responsibilities, childcare issues and just trying to survive on a day-to- day basis, you may find yourself lacking the hours necessary to devote to your own goals. Commitments- all the practitioners have other commitment other than work and this could mean that unless the work is done within work time they won't do it as they won't be taking it home to do. Attitude -A negative attitude is a major factor in this area.If you start out with the belief that positive development is unlikely to occur, then no matter how hard you work on it, your belief will sabotage any efforts you may make. Peers- Peers also can complicate our efforts to improve ourselves. Peers often try to sabotage our goals , either consciously or unconsciously. They degrade our efforts toward growth because those efforts remind them of the growth they could be pursuing but have chosen to forgo. Failure to Plan- Lack of proper planning and preparation can lead to haphazard attempts to fulfill goals -? a recipe for wasted energy and efforts.If you are trying to break a habit, start a new career or glean insights into your thought processes, be sure to have at least a rudimentary plan to reach these goals. Http://www. Owe. Com/I development. HTML 05. 04. 2014 There are many different sources and systems of support for professional development within the work place. They are Inductions, appraisals and development plans, in-house training colleges and training organizations Inductions- on an induction this is to get to know everything you may need to know about the setting. This will be the opportunity to find out who works within the setting.On the induction you will be given all the policies and procedur es and will be given a tour of the setting you will sign various forms ND given various information. Inductions are very informative and give the practitioners positive information and make them feel welcome within the setting. Appraisals- The main purpose of appraisal is to give the appraise the opportunity to reflect on their work and learning needs in order to improve their performance. This can be achieved through discussing their development and feedback on their job performance in a way that is constructive and motivational.It should result in an effective personal development plan. So lesson one is not to spend 95% of the time available rely reviewing past performance and lesson two is to involve the appraise fully in the discussion so that they can get the maximum benefit from it. The staff member should also be aware that they can raise any issues that they may have throughout all the year. Appraisals are very good as they give the practitioner time to raise their voice to any issues they may have. They could also make the practitioners feel it's all one side and there manager is making it feel like that.Personal development plans- In the process, staff members also set personal placement goals that will increase their ability to contribute to the success Of your organization. The accomplishment of these goals also provides a foundation for their career success whether in your organization or elsewhere, so they ought to be motivated and excited about achieving this goal. Your system of Performance Management, with the PDP process for goal setting and communication, will ensure that you are developing a superior workforce.PDP meetings are held, at least, quarterly to review the staff person's progress on the overall goals and objectives. Your staff person's progress on the action plans that result from the PDP goals is reviewed at your weekly one-on-one meeting. This weekly meeting allows you to offer assistance and to identify any help or tools the st aff person needs to succeed. This can be good for the practitioner as it can set them target to set them across they year they. Will be set either at the appraisals or the practitioner will do them on their own. The setting will then provide as much support to the individual to achieve their goals. Http://humorousness. About. Com/CSS/ prearrangement/a/PDP. Tm 05. 4. 2014 In-house training colleges and training organizations- This gives practitioners the opportunity to do any training courses within their setting and gives them the help and support within their training opportunities. This can be good for the individual as they are achieving and moving further on with their career while still working and enjoying their job. There are lots of factors to consider when selecting opportunities and activities for keeping knowledge and practice up to date.They can be the individual strengths and weakness if there interested, financial factors, raining. The individual can discuss this withi n their supervision/ appraisals and they can look at what training they want to do. They can also look at their goals they have set and see if there manageable and achievable within their setting. They need to consider their strengths and weakness and if they are up to do their goals they have set. Financial factors- The setting needs to be able to work out cost for all the training opportunities so that it is split fairly and all staff within the setting get to achieve their goals.They also need to aka sure what they are paying for they are getting so it has to be Cost effective. Look at the individual – do they need the training, how best to give the training , Is the training the individual wants to do is it accredited does it apply to the job is it appropriate. Reflective practice is a way of studying your own experiences to improve the way you work. The act of reflection is a great way to increase confidence and become a more proactive and qualified professional. Engagin g in reflective practice should help to improve the quality of care you give and close the gap twine theory and practice.

Excellent Human Resources Management

Global Strategy Group Need to change pic Welcome to Samsung Global Strategy Group I. Samsung Overview II. Global Strategy Group (GSG) III. GSG & You IV. Korea & Seoul I. Samsung Overview I. Samsung Overview (Revenue & Global Presence) Fast growth and vast global footprint Samsung Group Revenue Billion US Dollars 247 Global Operations ? ? 141 149 87 Samsung Electronics 80 22 1997 4 2005 2011 Number of Employees: 344,000 worldwide Offices: 510 offices and facilities in 74 countries I. Samsung Overview (Brand Value) Samsung ranked 17th among global companies in 2011 5 I. Samsung Overview (Total 28 Affiliates Companies) Samsung Group consists of various business units Electronics Industry Engineering & Heavy Industry Chemical Financial Services Engineering Total Life Insurance Cheil Worldwide Economics Research Institute C&T Corporation Petrochemical Fire & Marine Insurance Everland Inc. S1 Corporation Heavy Industries Fine Chemicals Samsung Card The Shilla Hotels & Resorts Medical Center BP Chemicals Securities Cheil Industries Inc. Asset Management Electronics SDI Other Companies Electro-Mechanics Corning Precision Glass SDS BioLogics Venture Investment Techwin Display 7 Affiliates 5 Affiliates 6 Affiliates 7 Affiliates 5% of Group Revenue 6 3 Affiliates 14% of Group Revenue 3% of Group Revenue 15% of Group Revenue 3% of Group Revenue I. Samsung Overview (SEC Device Business) Electronics (Device) 7 World Leading Consumer Electronics Manufacturer I. Samsung Overview (SEC Device Business) Market leadership in various products Flat Panel TV 28. 3% 1 29. 1% 1 30. 1% LCD TV 28. 5% 1 28. 9% 1 29. 8% Han dset 19. 4% 2 20. 6% 2 21. 2% Monitor 17. 0% 1 16. 3% 1 17. 1% A4 Printer 19. 0% 2 19. 8% 2 19. 3% 11. 6% 3 13. 3% 2 13. 4% Refrigerator 8 I. Samsung Overview (SEC Component Business) Electronics (Component) 9 Powering Today’s Devices I. Samsung Overview (SEC Component Business) Market leadership in various products DRAM 33. 6% 1 37. 4% 1 42. 2% Flash Memory 40. 6% 1 38. 6% 1 37. 0% Mobile Camera Sensor 28. 0% 1 28. 0% 1 27. 8% Smart Phone Processor 47. 6% 1 70. 3% 1 70. 4% 8. 7% 4 9. 8% 2 8. 9% LED Component 10 I. Samsung Overview (Other Electronics Companies) Complementary Technologies to the Core Device and Component Businesses Electronics (Others) Samsung SDI Samsung SDS System Integration Company Business Process Data Center & Cloud Smart Cities & Convergence Pioneering Green Solutions Energy Storage System Lithium Ion Battery PDP Samsung Display 1 Display Company OLED 11 LED Other Mobile Device Screen Samsung Electro Mechanics World Leading Electronic Part Company TV Parts (IP Board) Mobile Parts PC Part (Network Module) (Camera Module) I. Samsung Overview (Engineering & Heavy Industry) Leading companies in construction & shipbuilding Engineering & Heavy Industry Samsung C&T Samsung Engineering Burj Khalifa Pet ronas Tower (Dubai, United Arab Emirates) (Kuala Lumpur, Malaysia) Indian Oil Co. , Ltd. Refinery Project (Barauni, India) Saudi Arabia Olefin Plant (Al-Jubail, Saudi Arabia) Samsung Heavy Industries Built world’s first drillship for Arctic Regions 12 Leading builder of large container ships (16,000 TEU) I. Samsung Overview (Financial Services) Financial Services Domestic leader in financial services with global aspirations Samsung Insurance Samsung Asset Management #1 Insurance in Korea #1 Asset Management in Korea Samsung Credit Card Samsung Securities #2 Credit Card in Korea 13 #1 Investment Banking In Korea I. Samsung Overview (Globalization Is the Key for Future Growth) New Business Model & Product Idea 14 Global Expansion and Talent New Business Initiatives I. Samsung Overview (Critical to Develop Global Talent Pool) Diversifying Global HQ Expanding Global Reach Samsung Electronics Target ? Samsung Electronics Target Overseas 45% Number of Global Employees in Korea 60% 2,000 65% 1,500 Head Office 55% 1999 850 40% 35% 2015 2020 1999 2015 2020 Other Affiliates Require Top Global Talent for Further Growth Construction & Engineering †¢ Samsung C&T †¢ Samsung Engineering Financial Services 15 †¢ Insurance †¢ V C, IB & Asset Mgmt System Integration †¢ Samsung SDS Lithium Ion Car Battery & Energy Storage system †¢ Samsung SDI Electro Mechanics †¢ Samsung Electro-Mechanics Resort & Environment Business †¢ Everland II. Global Strategy Group II. Global Strategy Group (History) Since its inception by Chairman Lee in 1997, GSG has been recognized as a credible and highly visible strategic partner to Samsung’s top executives â€Å"We need high caliber global talent who can reveal to us a fresh perspective on trends and the latest information. Let us develop talent to become global managers abroad by familiarizing them with Samsung. † â€Å"I greatly appreciate the performance of GSG. Their project work never fails to give me new perspective. I sincerely hope to work close together down the road. † Kun-hee Lee, Chairman Gee-sung Choi, Vice Chairman Samsung Group Corporate Strategy Office 2011 17 The effect of non-Korean MBAs recruited to Samsung has been like that of a steady trickle of water on stone. The environment has slowly became more friendly to ideas from abroad. II. Global Strategy Group (Role of GSG within Samsung) Pool of foreign talent acting as strategic advisors to Samsung Group Enhance Samsung’s performance with fresh perspectives and innovative ideas Accelerate Samsung’s globalization through various interactions with senior management Develop a pool of global managers who understand Samsung Group and Korea 18 II. Global Strategy Group As Samsung continues to grow, GSG’s role becomes even more important $247B 07 $141B 63 Samsung Group Revenue 45 $87B 20 GS Recruits 25 20 2011 GS Recruits No. of Projects 2005 GS Recruits No. of Projects 1997 ? GSG established 19 No. of Projects ? Built internal reputation ? Greater demand for global talent ? GSG expansion ? Higher number of project requests from Samsung Affiliates II. Global Strategy Group (School Mix) Global Strategists (GS): 78 GS: 5 AM: 5 GS: 5 AM: 4 GS: 4 AM: 8 GS: 5 AM: 1 GSG alumni in Affiliate management (AM): 79 Region of origin Americas 86 Europe 50 Asia Pacific Africa 14 Others 7 GS: 1 AM: 3 GS: 4 AM: 4 GS: 17 AM: 15 20 GS: 4 AM: 4 GS: 4 AM: 4 GS: 2 AM: 4 GS: 5 AM: 3 GS: 1 AM: 0 GS: 5 AM: 5 GS: 4 AM: 2 GS: 6 AM: 9 GS: 5 AM: 6 II. Global Strategy Group (Project Team and Mix) Global Strategists work in small teams on a variety of topics across the many businesses of Samsung Group The Project Team ? Team Members GSG Project Mix ? Conducted total 107 projects in ‘11 – Principal (1) – Engagement Manager(1) – Global Strategist (2) – Project Coordinator (1) Korean – Project Strategist (1) Korean ? 21 Project Travel – Average of 2-3 weeks per project – 100% on select projects ? Project Length – 10~12 weeks Affiliate Mix Functional Mix II. Global Strategy Group (Global Reach) GSG’s project footprint covers the entire world, providing global strategists a truly globalized experience Canada Wind Energy Europe Digital Appliance Marketing Germany Brand Strategy Russia Premium Market Strategy US Contents & Service Strategy Europe Long Term Strategy China Mobile Phone Project India Channel Strategy Taiwan Channel Strategy US Mobile Phone Strategy Africa CTV Strategy Dubai Construction Project Singapore Cloud Platform Strategy Indonesia HR project Australia Renewable Energy Latin America Long-Term Strategy Africa Long Term Strategy 22 II. Global Strategy Group (Project Sample) Title ? Mobile Digital Marketing Client ? Senior Vice President, Marketing Background ? Samsung Mobile GBM asked GSG to develop a consistent global digital marketing strategy Deliverables ? Formulated a unified marketing guidelines for digital, social media & mobile gaming marketing in order to enhance capabilities to execute holistic campaigns Results ? Resulted in the creation of a new global digital marketing team with 17+ members 23 II. Global Strategy Group (Cases of Career Progression) Based on expressed interest and professional experience, Global Strategists enter GSG on two different career paths Year 0 Professional 70% Experience Year 2 Industry Track ? Assigned projects are aligned with industry of focus ? Career Interests Year 1 Transition as early as one year ? Experience roles in strategy, marketing and new business development ? Pursue other international assignments after time in Korea Affiliate Management GSG Career ? Explore varied industries and topics as a consulting generalist ? Develop leadership skills through roles of increasing responsibility ? 24 Year 4 Affiliate Management Consulting Track 30% Year 3 Potential to transition to Affiliate management II. Global Strategy Group (Career Progression Support) Provide support for transition to the line management Operational Support Project Delivery Principal Project Coordinator Project Strategist Work Career Develop Transition Feedback Planning Opportunities Provide advice on transition and support career planning Global Strategist Communicate GSG with Affiliate HR Affiliate Companies 25 II. Global Strategy Group (Cases of Career Progression) Regardless of the amount of time spent in GSG, your experiences will prepare you for a rewarding career at Samsung Year 0 Year 2 Year 4 Year 6 Andrew Umans (GSG ’10, Columbia) Engagement Manager Responsible for working on strategic initiatives across Samsung Group GSG Lindsey Hamilton (GSG ‘09, INSEAD) Senior Manager, Global Marketing Operations Responsible for Brand Strategy for Samsung Electronics GSG GSG Global Marketing Operations Visual Display Division US Subsidiary GSG Global Marketing Operations Mobile Division GSG Digital Media Biz Marketing Latin America Headquarter = GSG 26 = Affiliate Dave Das (GSG ’03, Kellogg) Vice President, Samsung US Home Entertainment Responsible for all Samsung television product marketing in United States = Subsidiary Han Feung (GSG ‘03, Haas) Director & Senior Global Strategist, GSG Responsible for developing consulting capabilities for ll electronics-related areas GSG Visual Display Division Roman Cepeda (GSG ‘03, Wharton) Director, Regional Marketing – Latin America Responsible for overall Samsung Electronics marketing in the Latin America region II. Global Strategy Group (Current Positions of GSG Alumni ) GSG offers the opportunity to develop and shape your career at Samsung’s headquarters and to prepare you for challenges at our global subsidiaries VP. HR, Europe Dir. TV Marketing Sr. Manager, Regional HQ Sr. Manager, Digital Marketing U. K. Dir. Strategy, France Dir. Marketing Vietnam Dir, Corporate Marketing Dir, CTV Marketing Dubai VP. M&A Strategy Dir. Corporate Strategy Dir. Business Innovation Dir. HR and many more†¦. Korea Dir. Strategic Planning Sr. Manager Branding(2) Singapore Sr. Manager Regional Marketing Australia 27 SVP Regional Marketing VP. LCD Marketing VP. Home Appliance Marketing VP. Partnership Dir. Mobile Marketing Sr. Manager Product Innovation U. S. Sr. Manager Corporate Strategy Brazil II. Global Strategy Group (What You Can Achieve in GSG) Enhance consulting skills and expand global awareness Leadership Diverse Industry Knowledge Functional Expertise Problem Solving GSG Cross-Cultural Communication 28 Broad Market Knowledge III. GSG & You Samsung Global HQ in Central Seoul III. GSG & You (Customize Your Careers at Samsung) Strong demand for GSG as strategic leaders and Affiliate managers Industry ? Mobile ? Semiconductor ? Television and Visual Display ? IT Solutions / Network ? Renewable Energy ? Construction / Engineering ? Financial Services ? Pharmaceutical / Biosimilars ? System Integration ? Content & Digital Advertising 30 Function Global Strategists are empowered to pull two key levers to customize their careers at Samsung ? Consulting ? Marketing (B2B and B2C) ? Corporate Strategy ? Branding / Advertising ? Business ? HR Development ? Operations III. GSG & You (Competitive Benefit Package) We provide excellent benefits in addition to competitive compensation Housing Allowance Modern and convenient location Home Leave Ticket Family home leave flight Education Allowance for Dependents Renowned international schools Medical Insurance Best-in-class care Cigna (GSG) 31 Korean National Health Insurance (Affiliate Management) III. GSG & You (Training Program) GSG provides structured training programs Training & Development Korean Language Class †¢ Consulting frameworks Provided for all GS and their partners †¢ Communication skills †¢ Presentation skills †¢ Project & Team management Hypothesis driven work-planning Off-Line On-line Practice Group On-going Coaching †¢ Improve understanding of new trends Experienced consultants provide coaching and performance feedback †¢ Every Friday between 4~6pm †¢ Structured along industry practices Consumer Electronics Device Solutions Mobile 32 Financial Services New Business III. GSG & You (Who Are We Looking For? ) We look for MBAs with diverse backgrounds and global perspectives who can thrive in a team-based, dynamic business environment Teamwork Global Perspective Thrive in groups – flexibility, open-mindedness, patience Capable of understanding global usiness issues Adventurous Spirit Embrace risk and seek new experience 33 Global Strategy Group Diverse Background Have diverse industry, functional & market perspectives III. GSG & You The Gateway to Your Global Career GSG Affiliate Management . Consulting Skills . Functional Expertise . Global Strategic Projects . Execution of Strategy . Diverse Industry Exposure . Transfer to Subsidiaries Developing Samsung’s Global Leaders of Tomorrow 34 IV. Korea & Seoul 01. Modern & Young City 02. Fast and Efficient City 03. Range of Entertainment Options (Clubs, Music, Films, Sports†¦ ) 04. A foreign-friendly city with good support BEAUTIFUL KOREA PRESENTS| 01 Modern & Young City BEAUTIFUL KOREA PRESENTS | 02 Fast and Efficient City BEAUTIFUL KOREA PRESENTS | 03 Range of Entertainment Options (Clubs, Music, Films, Sports†¦) BEAUTIFUL KOREA PRESENTS | 04 A foreign-friendly city with good support Appendix Samsung Group 29 Affiliates web page list Electronics I ndustry Engineering & H eavy Industry Chemical I ndustry Finance & I nsurance Other Companies 42 Affiliate Companies Samsung Electronics Samsung SDI Samsung Electro-Mechanics Samsung Corning Samsung SDS Samsung Techwin Samsung Display Samsung LED Samsung Engineering Samsung C & T Corporation Samsung Heavy Industries Samsung Total Samsung Petrochemical Samsung Fine Chemicals Samsung BP Chemicals Cheil Industries Inc. Samsung Life Insurance Samsung Fire & Marine Insurance Samsung Card Samsung Securities Samsung Asset Management Samsung Venture Investment Samsung Everland Inc. The Shilla Hotels & Resorts Samsung Economics Research Institute S1 Corporation Samsung Medical Center Samsung BioLogics Web Page http://www. samsung. com/us/ www. samsungsdi. com www. samsungsem. com www. scp. samsung. com www. sds. samsung. com www. samsungtechwin. com http://www. samsungdisplay. com http://samsungled. com http://www. amsungengineering. co. kr http://www. samsungcnt. com www. shi. samsung. co. kr http://www. samsungtotal. com www. samsungtotal. com www. sfc. samsung. co. kr www. samsungbp. co. kr www. samsungchemical. com www. samsunglife. com www. samsungfire. com www. samsungcard. com www. samsungfn. com www. eng. samsungfund. com www. samsungventure. co. kr www. samsungeverland. com www. shilla. net/en/ www. seriworld. org/ www. s1. co. kr www. samsunghospital. com www. samsungbiologics. com/ GSG School Champion E-mail List Please contact your school champion for further questions School E-mail Berkeley Parkin Kent parkin. [email  protected] com Chicago Yvan Nasr yvan. [email  protected] com Columbia Andrew U. andrew. [email  protected] com Darden Jay / Reginald reg. [email  protected] com / jay. [email  protected] com Dartmouth Andrew P. andrew. [email  protected] com Duke Robert Allen Robert. [email  protected] com HBS Germain Clausse [email  protected] hbs. edu IMD David Sebastio d. [email  protected] com INSEAD Nienke Budde nienke. [email  protected] com Kellogg Johannes & Adrian johan. [email  protected] com / a. [email  protected] com LBS Jean Philppe jp. [email  protected] com Michigan Gil Adato gil. [email  protected] com MIT David Segrera d. [email  protected] com NYU Jawahar Singh j. [email  protected] com Stanford Kimberly Schultz k. [email  protected] com W harton 43 Champion Eyal Yanai eyal. [email  protected] com Haas School Champion Bio – Parkin Kent Name Name Parkin Kent (parkin. [email  protected] com) Class Class Haas, 2011 Previous Exp. Previous experience Cisco Consumer Products (Flip Video & Linksys) Kaiser Associates GSG Start Date GSG start date September, 2011 Current Position Current project Next generation digital advertising strategy for Samsung Electronics Project Highlight Project highlight Meeting with digital advertising thought leaders in NYC, SF and Chicago Words of wisdom 4 Figure out your passion and dedicate yourself 100% Chicago Booth School Champion Bio – Yvan Nasr Name Name Class Class Chicago Booth, 2011 Previous Exp. Previous experience Kingfisher plc (London, Istanbul) Barclays plc (London) GSG Start Date GSG start date September, 2011 Current Position Current project Smart-TV Content Evolutio n Strategy through 2015 Project Highlight Project highlight Worked hand-in-hand with over 15 startups and industry experts to enhance Samsung Smart TV’s UI/Content Words of wisdom 45 Yvan Nasr (yvan. [email  protected] com) Wisdom begins in wonder ! Columbia School Champion Bio – Andrew Umans Name Name Andrew Umans (andrew. [email  protected] com) Class Class Columbia Business School, 2009 Columbia School of International and Public Affairs, 2010 Previous Exp. Previous experience NERA Economic Consulting (Oliver Wyman Group) Value Line Investment Survey GSG Start Date GSG start date September, 2010 Current Position Current project Leveraging Samsung’s businesses in insurance, health IT, and hospitals to create prevention and wellness services Project Highlight Project highlight Discussed potential partnerships with leading data analytics and wellness design companies in the US and Europe Words of wisdom 6 If at first you don’t like kimchi†¦ keep trying. IMD School Champion Bio – David Sebastio Name Name David Sebastio (d. [email  protected] com) Class Class IMD, 2010 Previous Exp. Previous experience Texas Instruments Rakon GSG Start Date GSG start date May, 2011 Current Position Current project System Air Conditioner Channel Mapping for the Digital Appliance Business Project Highlight Project highlight Definition of a Corporate Development fund and process for the microprocessor division Words of wisdom 47 Bring your leadership training to the workplace. Darden School Champion Bio – Jay Subhash Name Name Class Class Darden 2011 Previous Previous Exp. experience Accenture GSG Start Date GSG start date September 2011 Current Position Current project Mobile gaming strategy and partnership development Project Highlight Project highlight Getting a sneak peek at the latest and greatest mobile games Words of wisdom 48 Jay Subhash (jay. [email  protected] com) Turn the fan off at night†¦ Darden School Champion Bio – Reg Jones Name Name Reg Jones (reg. [email  protected] com) Class Class Darden, 2011 Previous Exp. Previous experience NBC Universal MDLinx and M3 USA GSG Start Date GSG start date September, 2011 Current Position Current project Project Highlight Project highlight Understanding how a company as large as Samsung can discover co-marketing and co-selling opportunities. Words of wisdom 49 Multi-Affiliate B2B sales effectiveness study across Engineering, C&T, Techwin, Telecommunications Network Systems, and Digital Appliance System Air-Conditioning. Take several breaks each day to refresh your point of view. Go exercise, enjoy a meal, talk to some friends, and read the news. Dartmouth School Champion Bio – Andrew Persson Name Name Class Class Dartmouth Tuck, 2010 Previous Exp. Previous experience U. S. Chamber of Commerce Advisory Board Company GSG Start Date GSG start date January 2011 Current Position Current project Business model analysis and strategic cooperation with leading developers in Singapore Project Highlight Project highlight Presenting an organizational design overhaul to an insurance Affiliate, and then seeing the implementation of our recommendations Words of wisdom 50 Andrew Persson (andrew. [email  protected] com) Be patient and keep an open mind Fuqua School Champion Bio – Robert Allen Name Name Class Class Fuqua School of Business & Nicholas School of the Environment , 2011 Previous Exp. Previous experience Deutsche Bank, Bear Stearns (pre-MBA) Coastal Conservation League; Glencore (MBA internships) GSG Start Date GSG start date September, 2011 Current Position Current project Renewable energy asset off-taker research and development Project Highlight Project highlight Having presidents and CEO’s of major renewable energy companies reply to your email with â€Å"we’re very eager to speak to you and your team. † Words of wisdom 51 Robert Allen (Robert. [email  protected] com) Be patient ,and when you’re done, be flexible Harvard Business School Champion Bio – Germain Clausse

ARE FINACNIAL MARKETS OF VALUE TO DEVELOPING COUNTRIES - Free Essay Example

Sample details Pages: 4 Words: 1124 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Operating financial markets in developing countries during the 1990s is a momentous phenomenon. The dramatic increase in the influence of neo-liberal thinking has recently led to reform of the financial market in dozens of develop countries. Many of the financial market reforms that have received so much attention by policy makers, economist and investor dont touch the very poor. Don’t waste time! Our writers will create an original "ARE FINACNIAL MARKETS OF VALUE TO DEVELOPING COUNTRIES?" essay for you Create order To make the poor a part of the process of economies development, institutions that are specifically designed to make small loans to micro enterprises are required. At the same time transition economics are seeking to develop their capital market as well. According to (Blake, 2000) financial market is a place where, or a system through which, securities are created and transferred. Financial market does not have a particular place it takes place, it could also be exchanging of goods between two countries or nation, and could be classified into different categories such as money market, stock market, primary market, Insurance markets etc. Debit crisis encouraged a preference for foreign direct investment instead of debt in developing countries. This complete change of attitudes towards FDI was a revolution in thinking about equity market in developing countries. Earlier most of the developing country equities extremely limited. Most companies in develop countries were public enterpr ises, family business, or part of financial group whose equity share were not publicly traded. But after these debt crises broke out, increase level of foreign capital flow result in well equity market established and high GDP rate in develop countries. Advantage of financial market, is that it functions as intermediary. Intermediaries perform in the creation of risk transformation or risk reduction. The reduction in risk can be achieved by diversifying the lending and by screening of borrowers. This is to create assets for savers and liabilities borrowers which are more attractive to each than would be the case if the parties had to deal with each other directly. Values of financial market in developing countries could be: Maturity transformation is reconciling the desire of lenders and borrowers. Since lenders want liquidity and borrowers want a loan for certain and minimum period, then clearly what lenders are willing to lend has to be transform into something which borrowe rs want. The ability of financial institution to engage in maturity transformation and to supply the other characteristic of liquidity through large number of depositors firm will expect a steady inflow of deposits and a steady outflow of deposit each day. Secondly, the larger the volume of deposits which a firm control the larger the assets it will also holding. Advance in micro finance In develop countries have allowed lenders to manage the risk and cost of lending to very small borrowers who are depends on income from self employment or business ownership, a previously untapped market niche. Foreign exchange constrain The stock market has played an important role in the saving investment process, helping to promote productive activity and therefore sustained growth of the economy. Foreign exchange constrain due to an influx of portfolio investment produced an excess supply of foreign exchange and appreciation of real exchange rate. This increase the domestic demands for tradable and at the same time produced wealth effects on consumption due to the sudden and substantial imprecation of financial and real assets prices. Debt market Debt market is an important to developing country this debt market enable to Government to borrow to finance their activities. Debts market often referred to generically as the bond market, are especially important to economic activities because they enable to government or corporation to borrow to their finance their activities and the bond market where interest rate are determined. The level of interest rate is especially important to financial market, because changes in interest rate have important effects on indivuals, financial institution, business and the overall economy. Transaction cost In the developing countries transactional cost is a major problem. In developing country Majority of people are middle class and middle level income people. Due to absence of financial market knowledge they approach the stoke brokers to invest their hard earned money in financial market. Investor is who purchasing and selling financial instruments behalf of investor. However stock brokers not taking that much interest in middle level income people investment desire because of small size of investor account. It doesnt make spending time on it worthwhile therefore people get disappointed and realise that they will not be able to use financial market to earn a return on their harder earned savings. Hear financial institution play significant role in financial market of developing countries. The economic function of the financial institutions is to help channel saving into profitable use and to help finance capital formation by attracting savings. Exchange Rates The foreign exchange markets are the most active financial markets and since other financial markets (such as equity markets) are increasingly influenced by developments in exchange rate. Such as foreign exchange rates (the price of the countrys currency in term of anothers) are important because they affect the price of domestically produced goods sold abroad and the cost of foreign goods bought domestically. An important impact on exchange rate is it association involving interest rates national and international, example the selling of natural resources from one countries to another (e.g., the selling of natural gas and crude oil from Nigeria to countries like US and Europe). In recent year, many emerging market countries have experienced financial crisis, the most dramatic of which were the Mexican crisis, which started in Dec.1994, and the eastern Asian crisis, which started in July 1997.an important fact is how a developing country can shift dramatically from a path of hig h growth before the financial crisis. As was true for Mexico and particularly East Asian countries of Thailand, Malaysia, Indonesia, the Philippines to a sharp decline in economic activities, damaging both economic and social fabric of the country. Because of different institutional features of emerging market countries debt markets, strength in banks balance sheet because of increasing loan losses. When financial markets were deregulated, a lending boom ensued in which bank credit to the non private non financial business sector accelerated sharply. Because of weak supervision by bank regulators and lack of expertise in screening and monitoring borrowers at bank net worth capital. Also the institutional structure of debt market in developing country interacted with the currency devaluation to propel the economic into full fledged financial crises. Because most of the firms in these developing countries had debt denominated in foreign currency like dollar and the yen, depreciation o f their currencies resulted in increases in their indebtedness in domestic currency terms even though the value of the assets remained unchanged. REFRENCES Blake, D., 2000. Financial market analysis, (2nd ed), John Wiley Sons LTD: England.