Report On

Management Functions: Samsung Group

Report On
Management functions: Samsung Group

Course Title
Principle of Management (MGT 101)

Submitted To
Md. Motaher Hossain
Course Instructor

Submitted By
Patrick Kanny Sarkar ( 801) Ashiqur Rahman Sarker (811) Nafeesur Rahman Khan ( 821) Saddam Hossain( 2137)

Institute of Business Administration Jahangirnagar University

November 21, 2011

November 21, 2011 Institute of Business Administration Jahangirnagr University Savar, Dhaka-1342

Subject: Submission of the Report.

Sir It is our pleasure to submit the report on Management Functions: Samsung Group that you assigned on 31 October, 2011. The report is submitted as the partial fulfillment of the BBA program. The report aims to discuss about the management functions of Samsung Group. We believe that, this report will help to know about Samsung Groups management, how it has planned its business, how it organizes its business, how it leads its employees and how it controls its employees and activities. Thanks for giving us the opportunity to work on this report. Its been a real education and a useful experience. If you have any questions regarding the report, please let us know.

Sincerely yours,

Acknowledgement First, we would like to thank almighty God. We express our heartiest gratitude to our course instructor Md. Motaher Hossain, Assistant Professor, Institute of Business Administration, Jahangirnagr University for his valuable guidance, scholarly direction and unconditional support during the preparation of the report. We have learned a great deal from him. We would like express our sense of gratitude and appreciation to Dr. Md. Baktiar Rana, Director, Institute of Business Administration, Jahangirnagar University. We also thank Arafat Rahman, Batch Manager, 20th batch, Institute of Business Administration, Jahangirnagar University for his co-operation. Our sincere gratitude goes to Mr. Jasim Uddin, Trasacom Electronics, local dealer of Samsung electronics for his valuable time. Finally we would like to thank all the people who have helped us to prepare this report.

Executive Summary
Management is the heart of any organization, we cannot think of any organization without management. In any organization management is needed to do its activities proficiently, effectively and accurately. Management has four functions, planning, organizing, leading and controlling. All the functions play distinct and important role in the way of success of any organization. To be successful an organization should have a plan. There must be clear indication of goals and purposes of an organization in its activities. Goals tell where an organization is heading to and what its aim is. Purposes tell for what an organization stands. In every organization there is or should be a planning department, whose job is to develop the overall structure of the organization, its job also includes designing the goals, establishing strategies to achieve those goals. An organization should have to be organized in all the actives, what it is doing. Organizing deals with that part of an organization. There should be division of labor in any organization. An organization should be precise in terms of doing its jobs that is which job should be done by whom, plans should be developed by individuals or by the groups, and how employees will co-ordinate with each other. Organizing also tells how much employees should be the supervision of one manager, how much centralization there will be in an organization. Such organizing plays an important role in the management of any organization. One of the major functions of management is leading, that deals with how the organization should be guided. Basically the manager more precisely the first line managers guide the whole organization as they are the decision makers for the organization. Leading tell what leadership style is appropriate for an organization, what should be the most effective leadership style in a given situation, how a specific change will affect workers productivity and what should be done to motivate workers to do their jobs. Controlling is another function of management which deals with how an organizations activities and employees can be or should be controlled. It tells how much control should be needed in an organization, whether employees should be controlled or not, what activities of the employees should be controlled and what measurement should be used to measure employees performances.

As Samsung is one of the most renewed names in todays market, it is rational to discuss about Samsungs management functions. A successful firm or company can be a good example of effective and efficient management. Samsung is running their business successfully till now with a strong management culture. It is operating its business in various countries with clearly defined management functions and strategies.

Introduction
Samsung group is a South Korean multinational conglomerate corporation, with its headquarter in Samsung Town, Seoul, South Korea. The Samsung group deals with numerous international affiliated businesses, most of them united under the Samsung brand. Samsung group first started their business as a small trading company with only forty employees. Then it started to diversify its business in many areas such as insurance, securities, and retail, in the late 1960s, Samsung Group entered into the electronics industry, it formed several electronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. Notable Samsung Group industrial subsidiaries include Samsung Electronics, Samsung Heavy Industries and Samsung Engineering and Samsung C&T. Other notable subsidiaries include Samsung Life Insurance. Samsung Group accounts for about a fifth of South Korea's total exports, in many domestic industries; Samsung Group is the sole monopoly dominating a single market, its revenue as large as some countries' total GDP. Samsung Group would have been the 35th largest economy in the world if ranked. The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River. Many businesses today use Samsung's international success as a role model. Now a days Samsung is a dominating name in electronics market, particularly in mobile phone set, television and refrigerator and computer parts, markets. It produces different types of mobile phones, televisions, refrigerators, different types of computer parts such as monitor, hard discs. Samsung owns a noticeable market share both in Asia and Europe. From the success of Samsung it can be easily derived that, the management functions of Samsung are strong, efficient and effective, which is the key to their success. In any organization or in any type of organization management always plays an important role in the way to their success. All we will see in the upcoming sections is Samsungs management functions, we will discuss about the those functions.