Analysis Tools

In: Business and Management

Submitted By eddymuna
Words 659
Pages 3
Analysis Tools
Name of Student:
Name of Institution:

.
Samsung Electronics is among the leading companies in the world that deals with production of electronics such as television sets, radios, fridges and many other home electronic devices. The company has been undergoing financial problems in the past few years. This has been caused by the poor performing departments. The departments fail to interact properly with other departments in the company. The company’s management is also a cause to this problem. This had made it face financial difficulties that have led to reduced profits. There have been reduced sales in the past few years. This has made the company to face stiff competition from its competitors. There are future possibilities of restructuring the company due to the associated fears of bankruptcy (Peter, 2011). The department’s strength, weaknesses and recommendations
The finance department has always ensured the company resources are properly accounted for. It has also controlled the financial trends of the company. Despite all these, the finance department has caused great negative impact to Samsung Electronics Company. To start with, the department has unqualified accountants who are not able to monitor the daily operations of the company (Peter, 2011). There are high cases of embezzlement of fund in this department. The company should consider acquiring new accountants who are more qualified to cater for this. The finance managers should also be trained on how to facilitate the resource control process in the company. The human resource department has been crucial to the company. It helps the company solve the problem of human labor. The department also provides training and recruitment to the new workers. The department has caused financial problems to the company by acquiring inefficient laborers who lack the…...

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