ASSIGNMENT 1 Business Environment Distinction

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ASSIGNMENT 1 FRONT SHEET Qualification BTEC Level 4 HND Diploma in Business

Unit number and title Unit 1: Business and Business Environment

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Table of Contents

I.Introduction 4

II Different types and purposes of organizations 4

1.Public sector 4

2 Voluntary sector 5

Most often without profit as a goal and with little to no government intrusion, the voluntary sector is made up of groups whose mission is to improve and enrich society (PrivacySense.net, 2015) 5

3.Private sector 6

III.Size and scope of a company 8

1.Hoa Phat Group Joint Stock Company 8

2.Size and scope 8

a.Size 8

b.Scope 9

IV.Different organizational Function 13

a This is the organization chart of Hoa Phat Company 13

b 14

V.Interrelationship between organizational functions 14

16

VI.Complexities of different organization and structure 16

VII.Conclusion 17

References 17

I.Introduction

Due to the robust growth of the global economy, the market is expanding The economy of the world is

significantly impacted by Vietnam According to recent research, Vietnam's market and economic growth will continue to grow On the other hand, finding a business or project deserving of our investment may prove to be difficult as a business analyst of Vietnam Joint Stock Commercial Bank For Industry And Trade

(Vietcombank)while working at Vietcombank Fund Management ("VCBF"), a partnership between Franklin Templeton Investments and Joint Stock Commercial Bank for Foreign Trade of Vietnam ("Vietcombank")

Vietcombank regularly updates and enhances its styles in addition to having a great deal of knowledge and experience Customer-centricity, innovation, and transparency are always Vietcombank's core values The report that follows will conduct an extensive analysis of businesses operating in Vietnam with regard to the nature, extent, scope, functions, and organizational structure of the business investment strategy

II Different types and purposes of organizations

1.Public sector

The economic sector that has historically been administered and controlled by the government on behalf of the populace is typically referred to as the public sector (Nath et al., 2005)

Types : There are Public corporation and Municipal enterprise

Purpose: The public sector supplies the residents with much-needed social necessities, and public finance

provides the funds for their provision (Nath et al., 2005)

Example: Vietcombank belongs to a public sector company

(Vietcombank,2021)

Evidence: State shareholders own more than 50% of shares in Vietcombank

Annual report 2021-Shareholder structure (Vietcombank, 2021)

2 Voluntary sector

Most often without profit as a goal and with little to no government intrusion, the voluntary sector is made up of groups whose mission is to improve and enrich society (PrivacySense.net, 2015)

Types : There are Social Enterprise and Non-govermental organization

Purpose: Money produced or earned by a nonprofit organization in the voluntary sector is typically reinvested

back into the community or the nonprofit organization itself The emphasis is on the development and helping social (PrivacySense.net, 2015)

Example: SOS Children's Village Vietnam belongs to voluntary sector in Vietnam

(SOS-Kinderdorf, 2012)

Evidence

(SOS-Kinderdorf, 2012) This is a list of sponsored donors

Organize and create homes for orphaned children Over the past 30 years, Vietnam has attracted nearly US$120 million from the International SOS Children's Villages This non-refundable funding continues to be maintained annually with about USD 7-8 million for regular operations This sector belongs to Non-government(SOS-Kinderdorf, 2012)

3.Private sector

One area of the economy that is not governed by the government is the private sector It typically consists of businesses owned by people and groups who want to make a profit and give it back to their owners "An

organization with a majority private ownership and participates in profit-seeking activities" is how the private sector is described (PrivacySense.net, 2015)

Type: There are several types of private sector purposes such as Sole trader/Sole Proprietorship,

partnership relationship, Limited liability company joint Stock Company

Purpose: Through the creation of jobs, the production of products and services, and the collection of taxes, the

private sector is essential to the economy Additionally, the majority of economic innovation occurs in the private

sector (PrivacySense.net, 2015)

Example: Vingroup belongs to Private sector They demonstrated their pioneering and leading roles in every

industry with the ambition to provide to the market goods and services of an international caliber as well as entirely

fresh experiences in contemporary lifestyle(Vingroup,2021)

(Vingroup,2021)

Evidence

Vingroup's shareholders own more than 50% of shares The time when Vingroup pays dividends to shareholders

Annual report 2021 (Vingroup, 2021)

Annual report 2021 (Vingroup, 2021)

III.Size and scope of a company

1.Hoa Phat Group Joint Stock Company

(HoaPhat, 2021) The largest industrial manufacturing company in Vietnam is called Hoa Phat Hoa Phat began operations in August

1992 as a trading firm for construction machinery and equipment Since then, it has gradually expanded its range

of products to include furniture, steel pipe, steel, refrigeration, real estate, and agriculture Hoa Phat has been formally listed on the Stock Exchange since November 15, 2007 under the ticker symbol "HPG." The Group now engages in 05 sectors: Steel items made of iron and steel (construction steel, hot rolled coil) (including steel pipes, galvanised steel, drawn steel wire, prestressed steel) - Home appliances, real estate, and agriculture The primary source of the Group's revenue and profits, 90%, is steel production Hoa Phat is the biggest manufacturer of steel

in Southeast Asia, able to produce 8 million tonnes of crude steel annually In Vietnam, Hoa Phat Group has the largest market share for Australian beef, steel pipes, and construction steel Hoa Phat Group is currently among Vietnam's top 10 private businesses in terms of size, profit, and number of listed firms with the greatest charter capital The market value of HPG is US11 billion (HoaPhat, 2021)

2.Size and scope

a.Size

Hoa Phat belongs to the private sector and also profit company A few indicators from the financial statements below will prove it

Annual report 2021(HoaPhat, 2021)

According to the annual report of Hoa Phat in 2021, Total Capital: 178,236 , Total Assects:178,236,Total

Liabilities:878,456, Owner’s Equity: 90,780, Total Revenue:150,865, Total Number Of Employees: 27,651 (Unit:

billion VND)

Hoa Phat is large size company at vietnam

SUBSIDIARIES

• IRON AND STEEL

• STEEL PRODUCTS

• AGRICULTURE

• REAL ESTATE

b.Scope

Stakeholder: Investors and stockholders in the market pay close attention to HPG stock frequently In order to

properly implement investor relations, the HPG Board of Directors always pays attention to and provides guidance

on routinely updating information and engaging with shareholders and public investors (IR) The IR department kept up regular and daily contact with shareholders, analysts, domestic and foreign institutional investors over the course of the last year in order to ensure the prevention and control of the Covid-19 pandemic This contact could have taken place online, via email, phone, or other means Additionally, HPG frequently updated data on the production and consumption of important commodities, including steel, agriculture, real estate, etc., as well

as the development of the Steel Complex project in Dung Quat In addition, HPG attended events hosted by securities firms where it met with domestic and international investors A large number of investment funds, including Dragon Capital, VOF, PENM, Consilium, RWC, RBC, Harding Loevner, Schroders, etc., came to study and stay up to speed on information about Hoa Phat (HoaPhat, 2021)

Annual report 2021(HoaPhat, 2021)

Internal

Employees: Quality of personal: The Group wants to hire people from the F3 generation, particularly from the

vibrant and young 9X generation Hoa Phat Group also creates favourable conditions by giving opportunities to young people, especially recent graduates who have enough zeal, passion, loyalty, and are not afraid of challenges

to join the Group through training programmes "Management." This is in addition to training knowledge, working skills, and improving skills for the current staff to create human resource strength and fulfil the assigned job requirements To swiftly bolster the successor team in the future, reserve members The Board of Directors is particularly interested in the Hoa Phat Group's philosophy of placing a high premium on training and developing

its human resources (HoaPhat, 2021)

28.1% (Nearly 3000 employees)

• Graduated from technical colleges or higher- Gender: Male, female- Age: <30- Have good health, speed, honesty, enthusiasm, responsibility in work, Ability to work independently, Able to withstand high work pressure, learning skills: Word, excel, Autocad In addition, mechanical engineers must be able to read and understand technical drawings, and even have technical English proficiency

• Attitude: Enhancing teamwork, promoting the power of Can to create to create great success company

External :

Target custom: Customers across the country have the need to find and buy sustainable products for their families

Agent, distributor development

Suppliers for Hoa Phat are mainly companies that supply paints, refined equipment, weak foundation pads, etc

In order to create a stable and limited supply of houses, especially in Dung Quat, Hoa Phat has made Working with a partner in Australia, the aircraft carrier Hedland - the largest iron export port in Australia There are also owners of the world's largest iron mines Vale (Brazil), Rio Tinto ((output 329.5 million tons), BHP (227 million tons), FMG (170 million tons), Royhill (55 million tons) / year).(HoaPhat, 2021)

Annual report 2021(HoaPhat, 2021)

Economic Objectives: 25 years Hoa Phat Steel Pipe: Affirming the No 1 position in Vietnam, aiming for 1.25 million tons/year and 35% market share

Social Objectives: The company's motto, "Harmony for Joint Development," guides all of Hoa Phat's CSR

initiatives Hoa Phat has gradually grown its contribution to the state budget every year, generating steady

employment for tens of thousands of employees nationally and assisting in securing social security Hoa Phat will donate more than VND 160 billion to charitable causes in 2021 He will work with the community to support four key sectors: community, health, education, and transportation

Annual report 2021(HoaPhat, 2021)

Vision: Hoa Phat is a multi-industry company and steel is one of the first Steel Hoa Phat has achieved certain past

successes and does not exist The vision that Hoa Group develops is to become a manufacturing corporation with the first strategy, in which steel is the core field and confidently, no matter how much electricity is produced, it will be sold out

Mission: As the top provider of steel goods in Vietnam, Hoa Phat Group will enhance living standards, win over

consumers' trust, and bring stability to all domestic and international projects.’

Explain: Shareholders care about distributed benefits and rising stock prices To achieve this goal, Hoa Phat needs

to increase its revenue year by year and have good business results, and at the same time must develop well to retain many employees On the contrary, when Hoa Phat does business, fails, the deposit will be cut The supplier

is also related to economic goals, if you want to have money to pay and sign a long-term contract, the business must do business Customers interested in the service must have security, convenience, good service quality, benefit (percentage received) and be environmentally friendly Therefore, HoaPhat's slogan is "Harmony for Joint Development" (HoaPhat, 2021) Hoa Phat takes the needs of customers as the service goal of the Bank Listen to

At the same time, I, ensure the safety of customers inside and out

3 Hoa Phat is a large-scale enterprise Therefore, the number of products is extremely rich, including the fields

of industry, agriculture, manufacturing, Due to the variety of products and good quality, the number of

customers is also increasing and active Business activities are also growing bigger and bigger Business results have good revenue growth, profit after tax, enterprises only benefit from total assets, profit on equity, and profit on business revenue has over the years many years Increased production results create favorable conditions for the expansion of scale, enhancing the position of the group in the domestic and international commercial arena

IV.Different organizational Function:

a This is the organization chart of Hoa Phat Company

Annual report 2021(HoaPhat, 2021)

b.There are seven types of structural organizations, including formal, post-bureaucratic, structural, structural, and structural divisions structure is better understood as a division by age Because we can see that HoaPhat distributes the structure by region to facilitate opera performance without spending much effort and money

related to examining, monitoring, analyzing, and taking action to prevent and rectify risks and wrongdoings of all members in the planning and execution of corporate operations

regulating the financial resources required for all corporate activities

developing strategic orientations, advising, organizing, implementing and managing the entire information technology (IT) system of the enterprise , including: IT infrastructure, network systems and database systems, hardware systems, software systems, business applications, etc

and safety, establishing local government, and controlling administrative boundaries in the local

between the characteristics of products and the wants of customers

enhance existing products, and study to improve existing processes to reduce costs and increase production effectiveness

for the organization

❖ One of Hoaphat's main goals "Harmony and development", Hoa Phat Steel Pipe and 500 agents are like "family brothers’ PRM department is very important in finding this specific customer group is the group of customers that businesses want to reach through their marketing activities and campaigns This is a group of customers who are likely to be more interested in the products and services of the business than with other customer groups For the target customer group, they share similar characteristics such as demographics, education, income, psychology and behavior, etc By analyzing target market segments, businesses can understand who their ideal customer group is When approaching this group of customers, there will be no need to try to convince them too much to buy your product or service, because they already have a need to use the product before All businesses need to do is make them know more about their product brand and provide effective customer care

V.Interrelationship between organizational functions

a The Human Resources Department is responsible for managing people at the enterprise Which includes: recruitment, training, remuneration, reward - discipline, regime, Surely leaders are aware of the importance of the company's staff.The management of human resources has a lot of influence on the creation of corporate culture Good human resource management will contribute to boosting the productivity of employees.Since then,