Business Environment - Assignment 1

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Table of Contents

I. Introduction……………………………………………………………………………..2

II. Body……………………………………………………………………………...…….2

1. REE’s mission, values and objectives and the influence of stakeholders ……..2

2. Achievement of stakeholder’s objectives…..………….……………………..……..5

3. REE Corporation’s responsibility and strategies employed to meet objectives of stakeholders………………………………………………………………...…..8

4. Explanation of how economic systems in your country (Viet Nam) attempt to allocate and make effective use of resources available within the country……………11

5. The impact of social welfare and industrial policy initiatives on the organization and the wider community…………………………………………………….……13

1. Social welfare………………………………………………………..13

2. Inductrial policy………………………………………………………33

5. The impact of macro economic policy measures and the influence of the global economy on the company and its stakeholders……………………..…...........14

1. The influence of the macro economic policy…………………………14

2. The influence of the global economy…………………………………16

III. Conclusion……………………………………………………………………..……16

IV. References………………………………………………………………….…….....17

I. INTRODUCTION:

Established since 1977, REE (Refrigeration Electrical Engineering Corporation) today is a  diversified  business  group  operating in  the  fields of  mechanical  and  electrical engineering  services  (M&E), manufacturing, assembling  and  sales  of  air-conditioner systems,  real  estate  development  and management, and financial investments.

 The  Group  businesses  include  REE  M&E,  a leading mechanical  and  electrical  engineering contractor  in Vietnam, REE Electric Appliances which manufactures, assembles, and markets air conditioners under the Reetech  brand, REE  Real  Estate,  a  management services company  for  lease office properties of REE, and  REE  Land,  a real estate developer.  REE is also a strategic infrastructure investor in the power and water sectors with ownership stakes in several power and water utilities.  

REE  is one of  the  first companies to list its shares on the Ho Chi Minh City’s Stock Exchange with a market capitalization of US$ 170 million as of 31/12/2010 and a wide investor base.

(http://www.reecorp.com/upload/files/REE%20Annual%20Report%202010%20-%20Final_0.pdf )

II. BODY:

1. REE’s mission, values and objectives and the influence of stakeholders:

|Mission statements |Values |Objectives | |Committed to quality. |Professional qualified and |Increasing capital and continuing investments in the fiels of M | |Nurturing our business relationship |upgrade training in local and |& E Capital increase and continued investments in the areas of M| |Creating values for our shareholders |overseas. |& E, real estate, finance – banking. | |Recognizing the contribution of our |Creative performance ways make |(http://stocknews.vn/default.aspx?tabid=300&ID=18523&CateID=209 | |employees |customer saving money. |) | |Maintaining our integrity |(http://www.reecorp.com/?q=en/n|In 2011, the Group will achieve strong revenue and profit growth| |(http://www.reecorp.com/?q=en/node/189) |ode/197 ) |in the mechanical and electrical engineering business and the | | | |business of Reetech products, maintain the office lease | | | |business at a high occupancy level, and optimize | | |...
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