Friday, October 18, 2019

Global Operations and Policies Research Paper Example | Topics and Well Written Essays - 1500 words

Global Operations and Policies - Research Paper Example Table of Contents Introduction 4 Sony: A brief overview 5 Global Operations of Sony 6 Political activity 7 Strategies of Sony 8 References 10 Introduction With the sluggish growth of economy, international expansion of business and investment in foreign soil has become the most essential strategy for the survival and growth of a company. There are many companies that have witnessed faster growth in the international market. However for most of the companies international presence acts as the value accelerator for the company. The brand name and brand value of a company gets hugely augmented. Some of the other benefits of international presence are overall rapid growth, diversification of the income stream, higher return on investment and also the reinvestment rate gets increased. The companies with international presence can be segmented into 4 groups. They are International companies, Multinational companies, Global companies, transnational companies. However in the context of the p roject only the company which belongs to transnational segment will be chosen. Among the mentioned category Sony has been chosen as the organization. Sony has all the characteristics of a transnational corporation and also has a global presence. Now in order to begin the project a brief introduction of Sony is presented below. Sony: A brief overview The origin of Sony dates back to 1946 when Masaru Ibuka started the first electronics outlet in a damaged departmental store in Tokyo. Sony Corporation or what is commonly known as Sony is a Japanese electronics company which was renamed in the year 1958 (Yahoo Finance, n.d.). The company is presently headquartered at Konan Minato, Tokyo, Japan. The company was founded by Masaru Ibuka Akio Morita in the year 1946. Sony Corporation is indulged in the electronics segment and also the parent company of the Sony group. The group has four main operating groups namely Sony music, Sony pictures, Sony electronics, online business and other finan cial services (Bloomberg, n.d.). However each of the individual group focuses on different products and services. For example the electronic segment mainly focuses on the products which are related to audio-video outputs, and also products related to information technology. However the most important products of the company include video games (play station), semiconductors, consumer electronics (sound box, television, and music system), computer hardware (DVD writer), telecom equipment and media and entertainment (Company Database, n.d.). Apart from this some of the visible brands of the company are Sony VAIO, Sony Cyber shot, Sony BRAVIA, Sony Play Station and various other brands. From the time of its incorporation the company has successfully achieved new heights in the business market. The company is presently ranked at 73rd position in the global fortune 500 edition of 2011. Currently the company has an overall turnover of $ 6.39 trillion. The global slogan of the company is à ¢â‚¬ËœLike no other’. And ‘Make Believe’. The company mainly faces competition from the established players of the market. Hence the major competitors of the company are LG, Samsung, Sharp, Philips, Mutsushita and some other local established player. However the competitors can also be classified according to the business category. The next half of the project will highlight on the global operation of the

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