Business Environment - Assignment 1

Table of Contents

I. Introduction……………………………………………………………………………..2

II. Body……………………………………………………………………………...…….2

1. REE’s mission, values and objectives and the influence of stakeholders ……..2

2. Achievement of stakeholder’s objectives…..………….……………………..……..5

3. REE Corporation’s responsibility and strategies employed to meet objectives of stakeholders………………………………………………………………...…..8

4. Explanation of how economic systems in your country (Viet Nam) attempt to allocate and make effective use of resources available within the country……………11

5. The impact of social welfare and industrial policy initiatives on the organization and the wider community…………………………………………………….……13

1. Social welfare………………………………………………………..13

2. Inductrial policy………………………………………………………33

5. The impact of macro economic policy measures and the influence of the global economy on the company and its stakeholders……………………..…...........14

1. The influence of the macro economic policy…………………………14

2. The influence of the global economy…………………………………16

III. Conclusion……………………………………………………………………..……16

IV. References………………………………………………………………….…….....17

I. INTRODUCTION:

Established since 1977, REE (Refrigeration Electrical Engineering Corporation) today is a diversified business group operating in the fields of mechanical and electrical engineering services (M&E), manufacturing, assembling and sales of air-conditioner systems, real estate development and management, and financial investments.

The Group businesses include REE M&E, a leading mechanical and electrical engineering contractor in Vietnam, REE Electric Appliances which manufactures, assembles, and markets air conditioners under the Reetech brand, REE Real Estate, a management services company for lease office properties of REE, and REE Land, a real estate developer. REE is also a strategic infrastructure