COMPANY’S BACKGROUND
Sime Darby Berhad was created in 2007 through merger of three big companies in Malaysia which consist of Sime, Darby Co. Limited, Guthrie and Golden Hope.
Originally, all three of the companies were involved in Malaysian commercial plantations. Sime, Darby Co limited was first involved in the rubber industry. The company then expanded by cultivating palm oil and cocoa and attained great success. Guthrie Company was the first British trading company in South East Asia. They introduced rubber and palm oil in Malaysia. Golden Hope Plantations Berhad was a tea and coffee trading company. Then, they purchased some small estates in Malaysia and amalgamated them to form the Golden Hope Rubber Estates.
It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM57.6 billion (USD 17.4 billion) as at June 2013. It is also listed in the Forbes Magazine’s Global 2000 Leading Companies list at number 598. The company also manages to place number 666 in sales, 588 in profit, 1307 in assets and 658 in market value.
Sime Darby has five core businesses which include plantations, property, industrial, motors and energy & utilities. Besides the five main businesses, the company also manages to be in the healthcare, aerospace and utility industry.
The company is involved in the property development business in eight countries, namely Malaysia, Singapore, Indonesia, Philippines, Vietnam, People's Republic of China, Australia and United Kingdom. The Property Division of Sime Darby is well-known for elite townships projects in the Klang Valley such as the KLGCC, Ara Damansara and Subang Jaya as well as in other states for instance Taman Pasir Putih in Pasir Gudang, Johor and Bandar Ainsdale in Seremban,...
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...with both local and global companies.
2. Political risks
Politics can be recognised as a threat as they can easily change some business rules that could give a negative affect towards the company.
3. Bad economic
A bad economy can hurt business by decreasing the number of potential customers. When the economic state is bad, people will not want to buy property as they have less income and will only spend their money on more important things.
REFERENCES
1. Wikipedia, http://en.wikipedia.org/wiki/Sime_Darby
2. The Star Online, http://www.thestar.com.my/Business/Business-News/2014/05/09/Phase-2-of-Msian-driven-Battersea-property-project-95pc-sold/
3. Forbes Online, http://www.forbes.com/companies/sime-darby/
4. Sime Darby Property Website, http://www.simedarbyproperty.com/1006280810%C2%BBAbout_Us.aspx 5. Sime Darby’s 2013 Annual Report
In addition, the Political risk confronted by organizations can be demarcated as “the jeopardy of a financial, strategic or employees’ loss for the organization for the reason of such nonmarket aspects including the social and macroeconomic policies, or occasions connected to political variability (riots, terrorism, coups, insurrection and civil war). Furthermore, administrations may face difficulties in their aptitude to implement military, diplomatic or other ingenuities as a consequence of political jeopardy (Goddard, 1990)
In economics, a recession occurs when there is a slowdown in the spending of goods and services in the market. A recession causes a drop in employment, GDP growth, investment, as well as societal well-being. All recessions are caused by a specific cause, but the Great Recession of 2007-2009 was caused by a crash in the housing market. This crash was triggered by a steep decline in housing prices. All of a sudden, people bought houses because there was an excessive amount of money in the economy and they thought the price of houses would only increase. (Amadeo, 2012). There was a financial frenzy as the growing desire for homes expanded. People held a lot of faith in the economy and began spending irrationally on houses that they couldn’t afford. This led to overvalued estate and unsustainable mortgage debt. (McConnell, Brue, Flynn, 2012).
dropped 10.9% causing the home market to suffer. Individuals who have subprime mortgagees to finance these less expensive homes are often times forced into foreclosure due to substantial rate changes. In affect, the economy faces acontinuing negative cycle of subprime delinquencies that result in tighter credit and lower home prices.17 A worsening of the American housing market will negatively affect the consumers confidence while at the same time worsening the American economy.18
It is not about “what you do”, “it is about who you are and who you know”. As employees, we have all heard sayings like this before when it comes to the business world. The “power and politic” mindset is a direct result of the type of tug of war experienced for millions of years; from prehistoric times through modern day. Ever since Ugha smashed Mugha in the head with a club back in prehistoric times, politics have been around in the workplace. Politics are a subliminal fight for survival and it actually happens in personal lives as much as it does in our work lives. Politics can go hand in hand with power, just as night follows the day. Many of the political situations that occur within a corporation are a result of growth and change. However, part of the task of becoming a viable asset to a corporation is to look beyond the surface and find out where the company is heading as a result of these changes. In this way, employees can position themselves to be a positive part of the growth and change.
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It was established in May 1981 as a trading business with an initial focus on cement and overtime the business diversified into a conglomerate trading of cement, sugar, flour, salt and fish. As at early 1990s, the business had grown into one of the largest trading conglomerates operating in the country.
First off the United States economy, in general, needs to improve. Economy is like a domino effect, and now it is hitting the housing industry. Our unemployment rate is up to about 10%. Banks are not prospering like in the past. Tons of Americans are in debt; by the end of 2008 Americans reached a $972.73 billion debt due to credit cards.
Shatkin, G. (January 01, 2014). Reinterpreting the Meaning of the ‘Singapore Model’: State Capitalism and Urban Planning. International Journal of Urban and Regional Research, 38, 1, 116-137.
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Office politics can have advantages that may motivate certain employees and cliques. It can be very productive, as they usually know each other well and can utilize each person’s talent in a team setting. How a supervisor or manger deals with office politics can ultimately lead to his or her success or demise. It can also be the most unproductive and destructive problem in the workplace; which can derail the best laid business plans. It can eventually take down what was once a profitable smooth running business if it is allowed to continue or if upper management is a participant.
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