Analysis of Two Firms
Abstract
This paper will identify two firms with similar problems from different countries. It will conduct a comparative analysis of the two firms. In addition, it will discuss political, social, ethical, and legal differences facing both organizations and determine the impact these differences have on management making decisions. Also, it will provide a substantive conclusion and recommendations.
Two Firms
I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being discussed are Hitachi, headquarters in Tokyo, Japan and Phillips Electronics, heaquartered in the Netherlands. Both have similar products in which they produce for consumer purchase, therefore, both companies have the issue of providing cutting-edge technology.
Comparative and Contrast
Hitachi, established February 1, 1920 has been in business for 92 years (hitachi). Phillips Electronics has been in business for 121 years, established in 1891 (Phillips). Both companies produce a variety of electronics, such as LCD/Plasma TVs, stereo equipment, and blue ray players. One difference between these two companies is that Phillips Electronics has also expanded their business to healthcare, including the Phillips Center for Health and Well-Being (Phillips). The electronics business is a very competitive industry. There are many other companies producing electronics and all are looking for that next cutting-edge technology to provide to consumers that will get the edge on the competition. One hurdle the management team must overcome is to provide their employees with a happy, healthy, and safe work environment. Hitachi has implement the “inspire the next” (hitachi) as a means of motivation their employees to invent the next great idea. Phillips Electronics uses the approach of improving people’s lives by providing innovative products (Phillips). Both companies use motivational tools to inspire their
This paper will identify two firms with similar problems from different countries. It will conduct a comparative analysis of the two firms. In addition, it will discuss political, social, ethical, and legal differences facing both organizations and determine the impact these differences have on management making decisions. Also, it will provide a substantive conclusion and recommendations.
Two Firms
I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being discussed are Hitachi, headquarters in Tokyo, Japan and Phillips Electronics, heaquartered in the Netherlands. Both have similar products in which they produce for consumer purchase, therefore, both companies have the issue of providing cutting-edge technology.
Comparative and Contrast
Hitachi, established February 1, 1920 has been in business for 92 years (hitachi). Phillips Electronics has been in business for 121 years, established in 1891 (Phillips). Both companies produce a variety of electronics, such as LCD/Plasma TVs, stereo equipment, and blue ray players. One difference between these two companies is that Phillips Electronics has also expanded their business to healthcare, including the Phillips Center for Health and Well-Being (Phillips). The electronics business is a very competitive industry. There are many other companies producing electronics and all are looking for that next cutting-edge technology to provide to consumers that will get the edge on the competition. One hurdle the management team must overcome is to provide their employees with a happy, healthy, and safe work environment. Hitachi has implement the “inspire the next” (hitachi) as a means of motivation their employees to invent the next great idea. Phillips Electronics uses the approach of improving people’s lives by providing innovative products (Phillips). Both companies use motivational tools to inspire their
References: www.hitachi.com. (2012). About Us. Retrieved on August 15, 2012. www.phillips.com. (2012). About Us. Retrieved on August 15, 2012.