Management Theory & Practices

Assignment 2

Submitted to:
Dr Osama Naseem

Submitted by:

• Muhammad Dilshad

Class:
MBA (Spring 2021)

Department:
Lahore Business School (LBS)

Institute:
UNIVERSITY OF LAHORE
World Best Employers :

# 1 Sumsung Electronics

MARKET CAP $278.7B

INDUSTRY Technology Hardware & Equipment

FOUNDED 1938

COUNTRY/TERRITORY South Korea

CHIEF EXECUTIVE OFFICER Hyun-Suk Kim, Kinam Kim

EMPLOYEES 105,257

SALES $197.6B

HEADQUARTERS Suwon

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and
computer peripherals. The company operates through following business divisions: Consumer
Electronics, Information Technology & Mobile Communications and Device Solutions. The
Consumer Electronics business division provides cable television, monitor, printer, air-
conditioners, refrigerators, washing machines and medical devices. The Information Technology
& Mobile Communications business division offers handheld products, communication systems,
computers and digital cameras. The Device Solutions business division comprises of memory,
system large scale integrated circuit and light emitting diode. The company was founded on
January 13, 1969 and is headquartered in Suwon, South Korea.
 Samsung Electronics has topped the world’s best employer ranking: in a recent study
by Forbes. The study reportedly asked the participants’ willingness to recommend employers based
on covid-19 response, talent acquisition, gender equality, and more.

The said Forbes study is done(via Sammobile) in partnership with market research firm
Statistica. Accordingly, more than 160,000 participants from 58 countries took the survey
anonymously. They are reportedly full-time and part-time workers. The report says the survey
went on a rolling basis from June-July

Samsung Electronics has topped the list of 750 MNCs(Multi-National Corporations) headquartered
in over 45 countries. To be precise, Samsung Electronics ranks No.1 overall, and it is categorized
under Semiconductor, Electronics, Electrical Engg., Technology Hardware & Equipment. Surprisingly
LG is trailing behind Samsung at 5th Place outsmarting Apple, and Huawei.

If we take Samsung, it has had a lot of ups and downs as a company in 2020. However,
every time, it woke up from the dust and improved. When the world got hit by Coronavirus, it quickly
shut down its factories in South Korea after confirmed cases but soon scaled it baca

Consumer Electronics company, it didn’t stop there. It opened a UV sanitizing service for its
Galaxy series of Smartphones.

Showing concerns for both consumers and employees

Similarly, in the semiconductor business, it was quick enough to shift the production from
Korea to Vietnam to tackle the situation. Later, it smartly reduced the component orders by 50%
when the scenario was a near-death sentence back then. Also, it contributed to countries like
India by pledging nearly ₹20 crores($2.7 million) to the PM CARES fund and other state govt to
combat the virus.

It even launched a new Smartwatch App for Galaxy Smartwatch users that remind them to wash
their hands. Add to this, the other measures include UV sterilizer-cum-wireless Charger, anti-
microbial smartphone cases, and a Coronavirus checkup center at the South Korean Plant.

And now, it is ready to expand the market even more but also ensure the safety of its future
Smart home products with UV-LED technology. All these shows how much commitment
Samsung is showing to its consumers, and employees. That said, 2020 is almost over and
companies like Samsung are gearing up for a varied strategy in 2021 with well sorted out plans
for TV business, smartphones, semiconductors, auxiliary components, and more.

WORLD'S BEST EMPLOYERS

#2 Amazon (AMZN).

$3340.88

+31.84 (+0.96%)

Industry Retailing

Founded 1994

Country/Territory United States

Chief Executive Officer Jeffrey P. Bezos

Employees 798,000

Sales $296.3B

Headquarters Seattle, Washington

AMAZON (AMZN) STOCK KEY DATA

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through
the following business segments: North America, International, and Amazon Web Services (AWS).
The North America segment includes retail sales of consumer products and subscriptions through
North America-focused websites such as www.amazon.com and www.amazon.ca. The International
segment offers retail sales of consumer products and subscriptions through internationally-focused
websites. The Amazon Web Services segment involves in the global sales of compute, storage,
database, and AWS service offerings for start- ups, enterprises, government agencies, and
academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is
headquartered in Seattle, WA

They are world best employers because Of :

Forbes ranked Amazon #2 on its newly released World’s Best Employers 2020 list. To compile
this year’s list, Forbes surveyed 160,000 employees from 750 companies in 58 countries around
the world and asked them to rate their willingness to recommend their employers to friends and
family. Participants also had to rate their satisfaction with their employers’ COVID-19 response,
economic footprint, talent development, gender equality, social responsibility, and other factors.
Forbes used feedback from Amazon employees working both across our logistics network and
corporate offices.
Amazon employee performing work duties while wearing a mask during the COVID-19 pandemic.

“Amazon employees around the world have been doing important and meaningful work to
make sure people can get what they need during this global pandemic and we’re so grateful for
their dedication to customers,” said Beth Galetti, Amazon Senior Vice President of Human Resources.
“On top of our $15 minimum wage and industry-leading benefits from day one, we’ve launched new
initiatives to continue to support our employees—from developing our own COVID
-19 testing capacity, and offering company-subsidized child and adult care, to launching a $25
million relief fund to support partners and seasonal associates facing financial hardship during
this crisis.”

Amazon employs more than 875,000 people around the world and, since the start of the
pandemic, has hired more than 175,000 new employees—offering new job opportunities to
people affected by the economic impact of the pandemic. Amazon is spending billions of dollars
on COVID-19 related safety measures, including distributing more than 100 million face masks
to employees and making over 150 process updates to keep employees safe like implementing
temperature checks at sites around the world and mandating enhanced cleaning procedures at
all Amazon sites.

On top of this award, Amazon has been repeatedly recognized in the top 5 on LinkedIn’s Top
Companies list, currently ranks #2 in the Fortune World’s Most Admired Companies, and was
selected by Fast Company as one of the Best Workplaces for Innovators. Amazon was also awarded
a top score on the Human Rights Campaign Foundation’s Corporate Equality Index, which
recognizes the best workplaces for the LGBTQ+ community, and named as a Best Place to
Work for Disability Inclusion by the Disability Equality Index.

#3 International Business Machines :

Industry IT Software & Services

Founded 1911
Country/Territory United States
Chief Executive Officer Arvind Krishna

Employees 383,800

Sales $76.5B

Headquarters Armonk, New York

International Business Machines Corp. is an information technology company, which provides

integrated solutions that leverage information technology and knowledge of business processes. It
operates through the following segments: Cloud & Cognitive Software, Global Business Services,
Global Technology Services, Systems, and Global Financing. The Cloud & Cognitive Software
segment provides integrated and secure cloud, data and solutions to the clients. The Global Business
Services segment provides clients with consulting, application management and global process
services. The Global Technology Services segment provides comprehensive IT infrastructure and
platform services that create business value for clients. The Systems segment provides clients
with innovative infrastructure platforms to help meet the requirements of hybrid cloud and
enterprise AI workload. The Global Financing segment encompasses two primary businesses:
financing, primarily conducted through IBM Credit LLC, and remanufacturing and remarketing.
The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and
is headquartered in Armonk, NY.

IBM produces and sells computer hardware, middleware and software, and provides hosting
and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is
also a major research organization, holding the record for most U.S. patents generated by a
business (as of 2020) for 28 consecutive years.[8] Inventions by IBM include the automated teller
machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational
database, the SQL programming language, the UPC barcode, and dynamic random-access
memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant
computing platform during the 1960s and 1970s.

IBM has continually shifted business operations aimed at focusing on higher-value, more
profitable markets. This includes spinning off printer manufacturer Lexmark in 1991 and the
sale of personal computer (ThinkPad/ThinkCentre) and x86-based server businesses to Lenovo
(in 2005 and 2014, respectively), and acquiring companies such as PwC Consulting (2002), SPSS
(2009), The Weather Company (2016), and Red Hat (2019). In 2015, IBM announced that it would
go "fabless", continuing to design semiconductors, but offloading manufacturing to GlobalFoundries,
and in 2020, the company announced the spin-off of the Managed Infrastructure Services unit of
its Global Technology Services division, with expected completion by the end of 2021.

Nicknamed Big Blue, IBM is one of 30 companies included in the Dow Jones Industrial
Average and one of the world's largest employers, with (as of 2020) over 345,000 employees, known
internally as "IBMers". At least 70% of IBM employees are based outside the United States, and
the country with the largest number of IBM employees is India.[9] IBM employees have been
awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology (USA) and five
National Medals of Science (USA)

Employers in Pakistan :

Telenor Pakistan

In the telecom sector, Telenor Pakistan is the best company to work for. Quite recently
Telenor Pakistan won “Best Place to Work in Telecom” by Engage Consulting and PSHRM. The
working environment in Telenor is considered to be energetic and dynamic. The company
believes in the empowerment of its workers and giving them flexibility which is probably the
USP of Telenor Pakistan.

Engro Corporation

In the food sector, Engro Foods is considered the best organization to work for with its amazing
employee packages, the deliverance of the best quality of human capital. The working environment
in Engro in employee friendly and it promotes creativity. Engro won the Most Preferred Graduate
Employer Award by PSHRM and Engage Consulting.

As per an Engro manager, “ The salary packages are very competitive, plus they invest some portion
in provident and gratuity funds. Additionally, there’s health insurance coverage for your family. It
makes me proud to work for a truly Pakistani company.”

Meezan Bank

In the banking sector, Meezan Bank is considered the best bank to work for in Pakistan. It is
considered a solid, stable place for employees with helpful management and good product offering.
The first and largest Islamic bank of Pakistan was recognized in 2017 as the best Bank to work
for in Pakistan. Also, Pakistan Society for Human Resource Management (PSHRM) announced
Meezan bank as Pakistan’s top ten places to work at.

Advantages of business organization in getting recognition:

Creating a strong employer brand is the #1 most important initiative for any growing workplace
today.

According to a new study, 71% of employees are searching for a new job! People are feeling
under appreciated and over stressed at work. Additionally, people are more mobile than ever before,
so top people, especially those with in-demand skills in technology, sales and healthcare,
are inundated with calls and emails from headhunters. Skilled recruiters paint rosy pictures of
new opportunities. Even people who thought they were happy in their jobs are flattered and seduced
by recruiters’ pretty pitches. So what do you do to attract and retain top talent?

Whether you’re adding staff or just trying to keep the ones you have, your employer brand can set
you apart – or not. What makes your company unique and your culture desirable? Having a “meh”
image as an employer is almost as bad as having a poor reputation. One way to add sparkle to
your employer brand is to be recognized as one of the Top Companies in Arizona. A whopping 95%
of employers who gain workplace recognition see benefits like this:

1: Reduced turnover: Employee morale receives a boost and employee retention is increased.
Top workplaces are in demand among top talent – and award-winning companies have up to
65% less turnover.

2: Talent magnetism: Top workplaces are in demand among top talent. Companies like
Charles Schwab and USAA who have won numerous local and national workplace awards have
a distinct advantage in attracting great people. If your company is smaller, award-winning status
can help you compete for great talent.

3: Polished reputation: Customers, prospective employees, and the community hold top
workplaces in high esteem.

4: Media exposure: Recognition on azcentral.com and BestCompaniesAZ.com will keep your

award alive all year long, reaching over 82% of Arizona.

5: Better financial performance: Yes, really! Public companies recognized as best

workplaces in Arizona have performed two to three times better than the market. Smaller companies
perform better too; 80% of small award-winning workplaces grew in revenue share, and 88%
added headcount even during the recession.

6: Greater insight: Survey feedback reports provide you with valuable, specific information
about increasing your employee engagement. You can benefit in this way even if you don’t make
the list this year.

7: Customers love it: Numerous studies demonstrate that top companies also measure
stronger than average customer ratings.