Samsung : The World 's Largest Information Technology Company

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Question 1: Identify and describe the two companies you have researched; the countries and/or industries in which they operate. Answer: Samsung: It is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Samsung Electronics is the world 's largest information technology company measured by 2012 revenues, and 4th in market value. Apple: It is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal…show more content…
Apple: Apple identified an issue where worker candidates were paying exorbitant fees to recruiters, in effect starting their jobs deeply in debt, a situation Apple refers to in the report as "involuntary labour." Question 3: To what extent can these differences be explained by the country or industry differences? What other explanations might there be? Answer: Samsung: Samsung has consistently mandated and requested better operational practices from its suppliers and also aided them directly with the provision of basic training and equipment like fire extinguishers and evacuation maps. Furthermore, over the past year Samsung has rectified 1,934 work-hazard issues identified in its production plants by the Korean Ministry of Labour and another nine that were pinpointed by the Ministry of Environment. There are now 2,000 "highly trained" inspectors that oversee work operations, including specialists on dangerous chemicals and a dedicated leak-response unit. Apple: The company set a limit on recruitment fees and required suppliers to reimburse workers for overcharges (to the tune of $3.4 million), and also engaged suppliers, government agencies and peer companies to increase awareness of the issue. The company says in its report that it has done many extra audits to determine that there is little if any "forced" overtime, though workers often request overtime anyway. In the context of life in
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