1BUSINESS OF SAMSUNG ELECTRONICS Executive Summary The primary purpose of this report is to throw light on the environment policies in relation to Samsung Electronics. The report also talks about the creation of environment friendly technologiesthatcanhelpingrowthofcompany.Thereportalsotalksaboutthe discriminatory policies pertaining to Samsung Electronics. The report also talks about the solutions that can be undertaken that can help in reducing discrimination taking place among the employees.
2BUSINESS OF SAMSUNG ELECTRONICS Table of Contents Introduction................................................................................................................................4 Environmental Policies..............................................................................................................4 Past and Present......................................................................................................................4 Future.....................................................................................................................................5 Recommendations..................................................................................................................5 Impact of stakeholder.............................................................................................................6 Challenges..............................................................................................................................7 Labour Standard Policies...........................................................................................................7 Past and Present......................................................................................................................7 Future.....................................................................................................................................8 Recommendations..................................................................................................................8 Impact on stakeholder............................................................................................................9 Challenges..............................................................................................................................9 Conclusion..................................................................................................................................9 References................................................................................................................................10
3BUSINESS OF SAMSUNG ELECTRONICS Introduction Sustainability refers to process that can help in maintaining change within the balanced environment. It helps in taking care of the fact that exploitation of the resources along with the direction of the investment are in harmony so that it can help in meeting the human needs along with the aspirations. Environment comprises of surroundings pertaining to living organism that includes natural forces along with the living things. Labour standard refers to the convention that deals with the rights and the duties of the employees. It emerges from the value judgements that helps in protecting the rights of the workers. Samsung Electronics has wide range pertaining to home electronics that have cutting edge technology. The company manufactures smartphones, television, home appliances along with the tablets (Samsung.com. 2019).This report throws light on the use of the environment friendly technologies within Samsung Electronics that can help in protecting the environment. The report also talks about the elimination of the discrimination that can help in the sustainability of the company. The report also talks about the recommendations that can help in developing Samsung Electronics. Principle 9: Encourage the development and diffusion of environmentally friendly technologies Principle6:Theeliminationofdiscriminationinrespectofemploymentand occupation. Environmental Policies Past and Present The vision of Samsung Electronics is to provide the customers with the eco-friendly experiences that can help in paving the path for a sustainable future that can help in serving the global community. The company wants to use the eco-friendly products along with the
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4BUSINESS OF SAMSUNG ELECTRONICS technology that can help in serving the environment. The slogan of the company, “Planet First” helps in incorporating the determination of the company to offer protection to the environment. Samsung Electronics was responsible for laying the foundation pertaining to eco-management that is the underlying philosophy of the company. It was brought out in the Samsung Environmental Declaration in the year 1992. The company has taken steps that has helped them in moving beyond passive adherence to that of the environmental regulations. The company has offered the customers with the eco-friendly solutions that can create a sustainable future. Investigation carried out by the Associated Press brought out the fact that Samsung was keeping secret the harmful chemicals that the company was making use of. It was being done on account of the fact that the competitors would be able to learn the trade secrets (Reid and Nada 2015). The company was making use of carcinogenic chemicals that was harming the workers in the factories. The chemicals were hazardous for the workers and at the same time it was proving to be harmful for the consumers. Future The company has prioritised the environment- from the product planning to the final disposal of the product. The eco-friendly process of the company that was adopted in the year 2004 helps in analysing the environmental impact of the products of the company. The company has made the products eco-conscious by making the innovative products that can help in their recycling at end-of-life. The Eco-Design process made the company replace the ozone depleting substance with that of the co-conscious refrigerant (Hitt, Kai Xu and Christina 2016). The company has made technological progress by using compressor that can help in minimizing the aspect of energy loss.
5BUSINESS OF SAMSUNG ELECTRONICS Recommendations Samsung Electronics can bring about changes in the supply chain management that can help in bringing about operational excellence for the company. Samsung Electronics can adopt the six sigma methodology that can help in improving the internal operations of the company (Mahadevan 2015). The company can create methodology on the basis of GE approach that is called “DMAEV” ( define, measure, analyse, enable and verify). The company can make use of APS system that can help in the creation of flexible production plan. It can help in bringing success for the company. The company can make use of the lean methodologies that can help in implementing the six sigma model (Thome, Luiz and Annibal 2016). The company can use the value stream map along with the thought process map that can help in the supply chain of the company. The training of the supply chain staff can help in bringing about innovation in the supply chain management of the organization. It can prove to be a useful component that can help in the continuous improvement of the activities of Samsung Electronics. Impact of stakeholder Thesupplychainmanagementsolutionscanhelpinimprovingthebusiness operations in the global arena. The six sigma management can help in the developing of the HR framework that is well-established. It can help in the area of the project discipline and sustain the results in the organization (Swink et al. 2017). The six sigma methodology of Samsung Electronics can help in improving the business capabilities of Samsung Electronics. It can help in improving the management performance of organization. The Advanced Planning System of Samsung can help in the modellingcapabilitiesandthelabourschedulingofSamsungElectronics(Leeand Christopher 2017). The lean manufacturing process can help in the creation of flow with the
6BUSINESS OF SAMSUNG ELECTRONICS help of process along with the visual design. It can help in the organization of tools along with the workstations that can improve efficiency of Samsung Electronics. Training of that of supply chain staff can help in equipping the workers with the knowledge that can help the organization in making profits. Challenges The lack of the commitment on the part of the leadership acts as a challenge for Samsung Electronics. The leaders should have the capability of dedicating the resources in relation to time, talent along with the money that can act as a hindrance on the part of Samsung Electronics (Akalin, Zhentu Huang and John 2016). The Advanced Planning System needs the financial investment along with the time that can act as a challenge in relation to Samsung Electronics. Labour Standard Policies Past and Present Samsung Electronics respects human rights of employees and they take care of the fact that the employees do not have to face any kind of discrimination in relation to race, gender, age, religion along with the marital status. The company determines the conditions of the employment in a fair manner that can help the company in the area of survival. Samsung Electronics faced accusations of sexual discrimination within China in the event of putting up a poster that stated that the women workers having communicable diseases should not apply for the position (Vickers 2016). There were also accusation in relation to child labour in Samsung Electronics that drew criticism from across the world. The suppliers of Samsung Electronics upholds human rights of the workers by treating them with a lot of dignity. The company takes into consideration the fact that child labour is not used in any stage of the manufacturing of Samsung Electronics. The company
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7BUSINESS OF SAMSUNG ELECTRONICS ensures that the wage that is paid to the workers are based on the wage laws that helps the company in complying with that of the international labour standard. Future Samsung Electronics takes care of the fact that they maintain a healthy environment wherein people are treated with a lot of dignity. The company environment has mutual trust that helps in the prevention of any case of oppression along with the exploitation. Samsung Electronics does not tolerate any kind of discrimination on the basis of gender, ethnicity, marital status, race and the religion (Sharma, Shikha and Nimarta 2018). Samsung ensures the fact that the disciplinary actions are taken in the event of incidents of bullying or the harassment in the organization. Recommendations Samsung can change the internal structure that can help the company in avoiding any kind of discriminatory practices. The executives of the company can move away from the traditional corporate structure that can help in the creation of an open working environment (Triana et al. 2015). The cultural shift of the company can help in bringing down the discriminatory practices taking place in Samsung Electronics. SamsungElectronicscanestablishthenetworkinginitiativesthatcanhelpin reduction of the barriers in the organization related to gender. There are events that can be organized like the corporate outings along with the programs that can help in building connections among the employees of the organizations. It can help in building a sense of belonging among the employees of Samsung Electronics. The sexual harassment can be reduced by emphasizing the inclusion of that of the women.Theinclusionofthewomencanhelpinbolsteringgenderequalityinthe organization that can improve the performance of the workers.
8BUSINESS OF SAMSUNG ELECTRONICS Impact on stakeholder The steps taken by Samsung Electronics can help the employees in understanding regarding the kind of the behaviour that are appropriate in the workplace. It can help in meting out fair treatment to the employees that can help in increasing the employee performance. It can help in utilisation of the skills along with the knowledge of the diverse workers that can help the organization in making the profits. Challenges The implicationsof the internalstructure of the company changing should be communicated to the employees that can help in the growth of the organization. Networking can act as a challenge in relation to Samsung Electronics as it can increase the discrimination taking place in the organization. It has been found that the companies can provide the better results in the event of easing up the control tactics. Conclusion Sustainability is indicative of the process that can help a company in surviving within the competitive environment. It can help in meeting the needs of the future generations of the company. Samsung Electronics wants to provide the customers with that of eco-friendly experiences that can help in sustainability of the company. It can help in meeting the challenges of that of global community. The company can make eco-conscious products which can have a good effect on the environment. Samsung Electronics can make use of six sigma methodology that can augment operations of company. Samsung Electronics can modify internalstructure thatcan avoid the discriminatorypoliciesof company.The utilisation of the skills and the knowledge of the diverse employees can help in setting the ground for development of company.
9BUSINESS OF SAMSUNG ELECTRONICS References Akalin, Gurkan I., Zhentu Huang, and John R. Willems. "Is Supply Chain Management ReplacingOperationsManagementin theBusinessCore Curriculum."Operationsand Supply Chain Management: An International Journal9, no. 2 (2016): 119-130. Hitt, Michael A., Kai Xu, and Christina Matz Carnes. "Resource based theory in operations management research."Journal of Operations Management41 (2016): 77-94. Lee, Hau L., and Christopher S. Tang. "Socially and environmentally responsible value chain innovations: New operations management research opportunities."Management Science64, no. 3 (2017): 983-996. Mahadevan, B.Operations management: Theory and practice. Pearson Education India, 2015. Reid, R. Dan, and Nada R. Sanders.Operations Management, Binder Ready Version: An Integrated Approach. John Wiley & Sons, 2015. Samsung.com. 2019. "Samsung Australia".Samsung Au.https://www.samsung.com/au/. Sharma, Shikha, and Nimarta Mann. "Workplace Discrimination: The Most Critical Issue in ManagingDiversity."InManagementTechniquesforaDiverseandCross-Cultural Workforce, pp. 206-223. IGI Global, 2018. Swink, Morgan, Steven A. Melnyk, M. Bixby Cooper, and Janet L. Hartley.Managing operations across the supply chain. New York, NY: McGraw-Hill Education, 2017. Thomé,AntônioMárcioTavares,LuizFelipeScavarda,andAnnibalJoséScavarda. "Conducting systematic literature review in operations management."Production Planning & Control27, no. 5 (2016): 408-420.
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10BUSINESS OF SAMSUNG ELECTRONICS Triana, María del Carmen, Mevan Jayasinghe, and Jenna R. Pieper. "Perceived workplace racialdiscriminationanditscorrelates:Ameta‐analysis."JournalofOrganizational Behavior36, no. 4 (2015): 491-513. Vickers, Lucy.Religious freedom, religious discrimination and the workplace. Bloomsbury Publishing, 2016.
11BUSINESS OF SAMSUNG ELECTRONICS https://www.ethicalconsumer.org/company-profile/samsung-group? CategoryId=288190&CompanyId=17977 https://economictimes.indiatimes.com/news/international/samsung-electronics-accused-of- sexual-discrimination-in-china/articleshow/16362690.cms?from=mdr