fundamental of management group assignment report analyze the management of fpt

Executive summary PT Financing Promoting Technology, English: FPT Group, an abbreviation of FPT Joint Stock Company formerly known as Technology Investment and Development Company, is on

Fundamental of Management

GROUP ASSIGNMENT REPORT

Analyze the management of

Analyze the company’s general environment : 7

SBU’s position in the matrix affects the company’s strategic decision-making 10

Organizing 11

Organizational structure: 11

Analyze the company’s organizational culture 11

How do the organizational structure and culture influence the company’s human resource management and its approach to innovation and change? 12

Leading and controlling 15

Information about the company's board of directors 15

Services/products provided to customers 17

Conclusion 17

List of references 18

Executive summary

PT (Financing Promoting Technology, English: FPT Group), an abbreviation of FPT Joint Stock Company (formerly known as Technology Investment and Development Company), is one

of the largest information technology service companies In Vietnam, the main business is providing information technology products and services From a small company with 13 young scientists, FPT has now become one of the largest enterprises in Vietnam Not only in Vietnam, FPT has penetrated into foreign markets with the strategic orientation of software outsourcing Currently, in Vietnam, FPT operates in three core business areas: Technology, Telecommunications and Education FPT owns telecommunications infrastructure covering 59/63 provinces in Vietnam and is constantly expanding its operations in the global market with 48 offices in 26 countries and territories outside of Vietnam With the view that Culture is FPT's strength, it is the spiritual glue that binds all employees together, together achieving the highest goal of bringing satisfaction to customers through services, the most technology products and solutions All of these have created one of the strongest businesses in Vietnam

Introduction

Company background

FPT is the largest information technology company in the private sector in Vietnam, with

employees, 48 offices in

territories abroad The

government holds only a 5.1% stake in FPT It is 49% owned by foreign investors, and the largest shareholder is Chairman Truong Gia Binh, who holds just 6.11%

F

FPT is also a leader in several business areas in Vietnam: Software exports, System integration, Software development, and IT services The core business of the company focuses on three main sectors These are information technology, telecommunications, and education It also undertakes software development for many foreign customers FPT’s position has been recognized worldwide and confirmed by a customer list comprising more than 600 large corporations in the world, 100 of which are listed in the Global Fortune 500: Toshiba, Hitachi, Nissen, Deutsche Bank, Unilever, Panasonic, etc

In the 2019-2021 period, FPT plans to embark upon a digital transformation It has a strategic shift from IT services to DX services provider and to be among the top 50 global digital services

Company history

In 1988, FPT was founded by 13 young scientists with the desire to build: “a company guided by technological innovations, committed to the highest level of customer satisfaction, contributing to the nation’s prosperity and providing its employees with the most favorable work environment possible, enabling them to reach their full potential in terms of their careers and personal lives.”

13/9/1988: FPT started as a Food Processing Technology company, operating in the fields of drying technology, information technology, and automation technology

27/10/1990: the company has renamed The Corporation for Financing and Promoting Technology (FPT for short), specializing in information technology

In 1998: FPT became one of the four leading Internet service providers in Vietnam to create a breakthrough in this field

8/9/2006: the FPT University was founded under FPT, becoming the first licensed cooperate university

13/12/2006: FPT stock was listed on the Ho Chi Minh City Stock Exchange (HOSE)

19/12/2008: FPT was approved to change its name from The Corporation for Financing and Promoting Technology to FPT Corporation

Thanks to continuous innovation and pioneering spirit in bringing the most optimal technology products, solutions, services to its customers, FPT has developed robustly in recent years

IMPORTANT MISSION”

FPT's mission is to make available the latest technology and information that makes it possible for each person to reach their potential, contributing to address the socio-economic issues

In the past 30 years, FPT has not only pioneered in building and developing Vietnamese-branded software; applying technology to life, creating benefits to people and businesses; modernizing national backbone industries; providing young people with education and practical training, but also being the leader in the sector of software export, contributed in bringing Vietnamese wisdom to the world In Vietnam, most of the large information systems in state agencies and key economic sectors of Vietnam are built and developed by FPT

FPT's mission is to make available the latest technology and information that makes it possible for each person to reach their potential, contributing to address the socio-economic issues

In the past 30 years, FPT has not only pioneered in building and developing Vietnamese-branded software; applying technology to life, creating benefits to people and businesses; modernizing national backbone industries; providing young people with education and practical training, but also being the leader in the sector of software export, contributed in bringing Vietnamese wisdom to the world In Vietnam, most of the large information systems in state agencies and key economic sectors of Vietnam are built and developed by FPT

Nowadays, “FPT’s new mission is to PIONEER IN DIGITAL TRANSFORMATION."

In Industry 4.0, FPT is the pioneer in researching and developing new technologies, including Artificial Intelligence, Big Data, Cloud Computing, etc FPT is also the pioneer company in Vietnam when being in partnership with world-leading technology corporations such as GE (Predix), Siemens (MinSphere), Airbus (Skywise), Amazon AWS, etc., to create the most advanced digital platforms.

Vision

FPT's vision: "FPT desires to become a new, rich and powerful organization, with creative labor efforts in science and technology, to satisfy customers and contribute to national prosperity, bringing all staff the conditions to best develop the talent and a life full of material, rich in spirit."

Core values

FPT’s core values are encapsulated in 6 words: “Respectful – Innovative – Team-spirited Objective Exemplary – – – Wise”, in which:

individual Innovative spirit – – Team spirit” are the values that all FPT members share together

“OBJECTIVE – EXEMPLARY – WISE” means “Objectivity – Exemplarity – Wisdom” are the values FPT leaders must possess Here is a brief description of FPT's core values We will provide more details when we analyze its organizational culture below

Analysis of key factors in the company’s management

Planning

The legal and political environment

This is a factor that affects all business industries in a territory Political and legal factors affect the viability and development of any industry When doing business in an administrative unit, companies will be required to comply with that area's political and legal factors

When analyzing this environment, we often pay attention to the following factors:

Stability: We will consider strength in the political and diplomatic conflicts of the legal institution An institution with high stability will be able to create good conditions for business activities, and conversely, unstable institutions will harm business activities in its territory

Tax policy: Import and export tax policies, consumption taxes, income taxes will affect the revenue and profit of the business Related Laws: Investment Law, Enterprise Law, Labor Law, Antitrust Law, Anti-Dumping Law

Policies: Government policies will affect businesses They can create profits or challenge companies, especially policies on economic reform, administrative reform, and change Industry-related policies, tax policies, safety and environmental protection, competition regulation policies, consumer protection

Today, businesses have to pay more attention to the Government's policies on resource use and natural environment protection Good environmental problem solving is also an essential condition to solve the problem of sustainable growth

● The world economy is recovering from the crisis

Domestic inflation tends to decrease due to the decrease in the purchasing power of the people

Public debt increased Bad debt in credit institutions accounts for a high percentage

Low foreign exchange reserves

FPT understands that environmental protection is one of the necessary and must-take measures to ensure the sustainable development of the company in particular and the whole society in general

Deployment of energy-saving solutions

Implementing energy-saving solutions at FPT University to help reduce 341,200kWh worth 500 million VND and cut 19.2 tons of CO2 annually Implement Green IT project to reduce greenhouse gas emissions and cut 255.00kWh of electricity with an annual value of 300 million VND for Data Center

Join wildlife protection

As the first Vietnamese enterprise to cooperate with the Wildlife Conservation Association, Vietnam (WCS) program signed a commitment to implement 'Say no to wildlife consumption

Participate in the program 'Say no to rhino horn' implemented by the World Wide Fund for Nature in Vietnam (WWF)

Society

Supporting young talents: In 1999, FPT Young Talents Training Center (FYT) was established from the idea of President Truong Gia Binh to gather young talents of the country, create favorable conditions for young talents for them to develop comprehensively to become successful people in society, contributing to national prosperity

Every year, FYT will select 25 - 30 excellent students at universities across the country (Students who win national and international prizes, have exemplary academic achievements )

FPT is the first private enterprise in Vietnam to set aside a day for all employees in the corporation to think about or contribute a practical action to the community FPT Day for the Community (March 13) has become a cultural feature full of the humanity of FPT people FPT's critical mission is to bring technology and knowledge to help

individuals develop their talents and solve socio-economic problems

Competition by the market;

Encourage increased results and quality of work Fairness and transparency

The FPT remuneration system is divided into four categories including:

Salary: Production salary (12 months)

13th-month salary bonus depending on the group's business situation Allowances: for several positions serving work, including travel

assistance, mobile phone charges, part-time;

Bonus based on business performance and project/work performance; Social welfare: Social insurance/health/unemployment

SBU’s position in the matrix affects the company’s strategic decision-making

Star: Usually, for products that are in a decisive stage of development, demand increases rapidly Enterprises need to invest a lot of money in perfecting product structure and technology, and at the same time invest in developing the manufacturing industry, such as purchasing equipment and installing transmission lines Star products need to attract investment capital

Dairy cows: Usually a product in which the

enterprise has a solid competitive position but has low growth potential Enterprises should limit investment to develop their business, mainly investing in maintaining market share such as marketing The products in this box are the products that are profitable, profitable, do not need capital and have little risk

Question: Common to businesses in the testing phase, so in this phase, companies must invest money to introduce and promote products to let the market know and test about uses and prices If accepted, move to the start box If the market does not get it during this period, it will die These products are in the low-return, high-risk category

Dog umbrella: Usually different from products that have fallen into a recession, demand does not increase and begins to decline, so in a falling market, businesses mainly recover investment capital, cut costs, reduce the management apparatus to prepare for transformation or find a way to withdraw from the market

FPT Joint Stock Company is located in the STAR box of the BCG Matrix: The enterprise holds a relatively large market share in the mobile phone retail business with a stable growth rate The level of competition is fierce, but the business has been successful and has a high position in the market Enterprises do not stop but continue to invest to strengthen and maintain their position

adssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

FPT information system company limited FPT software company limited

FPT smart cloud company limited FPT Digital Limited

o Education and others

FPT education company limited FPT investment company limited Associate Company

Synex FPT Joint Stock Company FPT Retail Joint Stock Company FPT Securities Joint Stock Company FPT Fund Management Joint Stock Company Homa Technologies Joint Stock Company

Analyze the company’s organizational culture

FPT's culture included in the strategy of 6 syllables “Respectful - Innovative - Team-spirited” and “Objective - Exemplary - Wise” “Respectful - Innovative - Team-spirited” means: “RESPECT

INDIVIDUALS - INNOVATION SPIRIT - TEAM SPIRIT” are values that all FPT people share

Straight Talk, Listening and Tolerance At FPT, subordinates can speak directly to their superiors, regardless of high or low position, or close relationship We accept people as they are, with strengths, weaknesses, good points and imperfections, and at the same time, create maximum conditions for members to be themselves and realize their ambitions

INNOVATION SPIRIT - is the spirit of innovation, including: Learning, Creativity and STCo (the typical sense of humor and wit of FPT people) We are constantly learning from customers, partners and colleagues to avoid thinking in the same way, strive to lead in new technologies, new products, new management/business methods

and Sincerity At FPT, all members are cared for, helped, shared and united towards a common goal "for the success of customers and the long-term development of the company"

“Objective - Exemplary - Wise” means “Objectivity - Exemplarity -

OBJECTIVE - is the most important platform for leaders to build trust

in employees and let employees work hard instead of flattering leaders

TEAM-SPIRITED”

INTELLIGENCE - is foresight and decisiveness

Culture is the power of FPT, the spiritual glue that holds all FPT employees together, inspiring each member to work in the spirit of dedication and creativity for the company’s sustainable development

How do the organizational structure and culture influence the company’s

human resource management and its approach to innovation and change?

Corporate culture is the entire cultural value built up during the existence and development of an enterprise, thereby becoming familiar rules and habits ingrained in the operations of the enterprise govern the feelings, ways of thinking and behavior of all members in the enterprise in the pursuit and implementation of the goals

With FPT vision: “FPT aspires to become a new, rich and powerful organization with creative efforts in science, technology and technology, satisfying customers, contributing to national prosperity, bringing where each of its members has the best conditions to develop their talents and live a full material and spiritual life.”