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ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation PDF Download

IBM CORPORATION
ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation

Incorporation year : 1911

Headquarter : New York, US

Chairman, President and CEO : Ginni Rometty

Chief Financial Officer : James J. Kovanaugh

Company introduction: Who is corporate and what it does?

International Business Machines Corporation (IBM) is an American multinational technology company. It operates in over 170 countries across the globe. It manufactures and markets computer hardware, middleware and software, and offers hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

It is a major research organization, holding the record for most patents generated by a business. Inventions by IBM include the automated teller machine (ATM), the PC, the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic randomaccess memory (DRAM).

In 2017, the revenue of IBM was US$ 7913.9 crores and net income was US $ 575.3 crores . It employs more than 3,97,800 people.

IBM in India: IBM India Private Limited is the Indian subsidiary of IBM. Vanitha Narayanan is the Managing Director of IBM India Pvt. Ltd. IBM entered India in 1992 with a Tata joint-venture, named Tata Information Systems Ltd.

Company History

The following four historical milestones contributed in the foundation of IBM:

  • Julius E. Pitrat patented the computing scale in 1885,
  • Alexander Dey invented the dial recorder (1888),
  • Herman Hollerith patented the Electric Tabulating Machine, and
  • Willard Bundy invented a time clock to record a worker’s arrival and departure time on a paper tape in 1889.

On June 16, 1911, their four companies were amalgamated in New York State by Charles Ranlett Flint forming a fifth company, the Computing-Tabulating-Recording Company (CTR) based in New York. IBM was originated in 1911 as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924.

Philosophy

Vision: IBM should be first and foremost on any new enterprise data centre migration shortlist.

Mission: To lead in the invention, development and manufacture of the industry’s most advanced information technologies, including computer systems, software, storage systems and microelectronics.
Portfolio of Businesses, Products and Services

Products SegmentsServices Segments
  • Analytics
  • Cloud
  • Cognitive (US)
  • Commerce
  • Internet of Things (US)
  • Industry solutions
  • Systems
  • Mobile
  • Security
  • Social
  • Business consulting
  • Technology services
  • Financing
  • Industry expertise
  • Training and skills (US

Business in News

  • IBM ranked 34th on Fortune 500 Companies List in 2018.
  • IBM ranked 67th on Forbes World's Largest Public Corporations List 2018.
  • IBM ranked 17th on Forbes World's Best Employers List 2018.
  • In 2017, it acquired ‘Agile 3 Solutions’ and Ravy Technologies.
  • IBM received a 2016 Climate Leadership Award from the U.S. Environmental Protection Agency (EPA).
  • In 2016, It acquired ‘Sanovi Technologies’.
  • In 2009, IBM acquired ‘Lombardi’.

INTEL CORPORATION
ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation

Incorporation year : 1968

Headquarter : California, US

Chairman : Gordon Moore and Andy D. Bryant

Present Head (CEO) : Robert H. Swan

Chief Financial Officer : Wendell M. Brooks
Company introduction: Who is corporate and what it does?

Intel Corporation is an American multinational corporation and technology company.  It is the world’s largest and highest valued semiconductor chip makers based on revenue and is the inventor of the x86 series of microprocessors: the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell.

In 2017, the revenue of Intel was US$ 6,276 crores and net profit was 960.1 crores. It employs more 1,07,100 people.

Company History

Intel Corporation was founded on July 18, 1968, by semiconductor pioneers Robert Noyce and Gordon Moore, and widely associated with the executive leadership and vision of Andrew Grove. The company’s name was conceived from the words ‘integrated’ and ‘electronics’. The fact that ‘intel’ is the term for intelligence information also made the name appropriate.

Philosophy

Mission: “Delight our customers, employees, and shareholders by relentlessly delivering the platform and technology advancements that become essential to the way we work and live.”

Intel’s core values are Customer Orientation, Discipline, Risk-Taking, Results Orientation, Quality and Great Place to Work.

Portfolio of Businesses, Products and Services

Product SegmentsBrands
Devices and Systems2 in 1 & Ultrabook™, Cable Modems, Desktops, Drones, Intel® Compute Card, Intel® Compute Stick, Intel® NUC, Laptops, Microservers, Mini PCs, Servers, Smart Phones, Tablets, Workstations, etc.
ProcessorsIntel® Core™, Intel® Xeon®, Intel® Atom™, Pantium, Celeron®, etc.
Boards & KitsIntel® Curie™ SoC, Intel® Joule™, Intel® Galileo Development Board, Intel® Quark™
D2000 Development Kit, Intel® Quark™ SE Microcontroller C1000 Evaluation Kit, Server Motherboards, etc.
ChipsetsMobile, Desktop, Server and Embedded
Server ProductsData Center Blocks, Server Boards, Server Systems, Server Chassis, Accelerator Cards, RAID Products and Server Management
Networking and CommunicationsEthernet Products and Fabric Products.
WirelessCellular Modems
OthersSoftware, Intel Gateways, etc.

Business in News

  • Intel ranked 46th on Fortune 500 Companies List in 2018.
  • Intel ranked 49th on Forbes World's Largest Public Corporations List 2018.
  • Intel ranked 92nd on Forbes World's Best Employers List 2018.
  • In March 2017, Intel announced that they had agreed a US$15.3 billion takeover of Mobileye, an Israeli developer of “autonomous driving” systems.
  • In August 2016, Intel purchased deep-learning startup Nervana Systems for $350 million.
  • In October 2015, Intel bought cognitive computing company Saffron Technology for an undisclosed price.

HP INC.
ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation

Incorporation year : 1939

Headquarter : California, US

Chairman : Chip Bergh

Present Head (CEO) : Dion Weisler

Chief Financial Officer : Steve Fieler
Company introduction: Who is corporate and what it does?

Hewlett-Packard (HP) is an American multinational information technology company.  It develops and provides a wide variety of hardware components as well as software and related services to consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. In 2017, the revenue was us$ 2,887 corres.

Company History

The company was founded in 1939 in a one-car garage in Palo Alto by William “Bill” Redington Hewlett and David “Dave” Packard, and initially produced a line of electronic test equipment.

Philosophy

Vision: To create technology that makes life better for everyone, everywhere — every person, every organization, and every community around the globe.

Portfolio of Businesses, Products and Services

HP’s major product lines included personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software and a diverse range of printers and other imaging products. HP marketed its products to households, small- to medium-sized businesses and enterprises directly as well as via online distribution, consumer-electronics and office-supply retailers, software partners

and major technology vendors.

Business in News

In 2014, Hewlett-Packard announced plans to split the PC and printers business from its enterprise products and services business. The split closed on November 1, 2015, and resulted in two publicly traded companies: HP Inc. and Hewlett Packard Enterprise.

  • HP ranked 58th on Fortune 500 Companies List in 2018.
  • HP ranked 247th on Forbes World's Largest Public Corporations List 2018.
  • HP ranked 449th on Forbes World's Best Employers List 2018.

APPLE
ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation

Incorporation year : 1976

Headquarter : California, US

Present Head (CEO) : Tim Cook

Chief Financial Officer : Luca Maestri
Company introduction: Who is corporate and what it does?

Apple is an American multinational technology company. It designs, develops, and sells consumer electronics, computer software, and online services. Apple is the world’s largest information technology company by revenue, the world’s largest technology company by total assets, and the world’s second-largest mobile phone manufacturer, by volume, after Samsung. It maintains 478 retail stores in seventeen countries. It operates the online Apple Store and iTunes Store, the latter of which is the world’s largest music retailer.

In 2017-18, the revenue of Apple was US$ 26,559.5 crores and net income was US$ 5,953.1 crores. It employs more than 1,20,000 people.
Company History

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell personal computers. It was incorporated as Apple Computer, Inc. in January 1977, and was renamed as Apple Inc. in January 2007 to reect its shifted focus toward consumer electronics.

Philosophy

Vision: To produce high-quality, low cost, easy to use products that incorporate high technology for the individual. We are proving that high technology does not have to be intimidating for non-computer experts.

Mission: Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.
Portfolio of Businesses, Products and Services

Product SegmentsBrands
MacMacBook, MacBook Air, MacBook Pro, iMac, Mac Pro, Mac mini, macOS Sierra and Compare.
iPadiPad Pro, iPad, iPad mini 4, iOS 10, etc.
iPhoneiPhone 7, iPhone 6s, iPhone SE, etc.
WatchApple Watch Series 2, Apple Watch Nike+, Apple Watch Hermès, Apple Watch Edition, Apple Watch Series 1 and watchOS
TVApple TV
MusicApple Music, iTunes and iPod

Business in News

  • Apple ranked 4th on Fortune 500 Companies List in 2018.
  • Apple ranked 8th on Forbes World's Largest Public Corporations List 2018.
  • Apple ranked 3rd on Forbes World's Best Employers List 2018.

WALMART
ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation

Incorporation year : 1962

Headquarter : Arkansas, US

Chairman : Greg Penner

Present Head (CEO) : Dough McMillon

Chief Financial Officer : Bret Biggs

Company introduction: Who is corporate and what it does?

Walmart, is an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, grocery stores and online store. It is world’s leading retailer renowned for its efficiency and expertise in logistics, supply chain management and sourcing. Walmart is the world’s largest company by revenue. Walmart has 11,695 stores and clubs in 28 countries, under a total of 63 banners as well as the largest private employer in the world. Walmart’s primary competitors include department stores like Aldi, Kmart, Kroger, Ingles, Target, Shopko, and Meijer, and Winn Dixie.

In 2018, the revenue of Walmart was US$ 50,034 crores and net income was 986.2 crores. It employs more than 23,00,000 people.

Walmart in India: Wal-Mart India owns and operates 21 Best Price Modern Wholesale stores offering nearly 5,000 items in a Cash and Carry wholesale format in 9 States across India. The first store opened in Amritsar in May 2009. Krish Iyer is President and CEO, Walmart India.

On 1st July, 2014, Walmart India launched B2B e-commerce platform and extended it to its Best Price store members (kirana stores, offices and institutions and hotels, caterers and restaurants and other business members), providing them with a convenient online shopping opportunity. As an exclusive virtual store for its members in 19 cities, the e-commerce platform provides a similar assortment of products, as well as

special items.

Company History

It was founded by Sam Walton in 1962 and incorporated on October 31, 1969. The company was listed on the New York Stock Exchange in 1972.

Philosophy

Vision: To be the best retailer in the hearts and minds of consumers and employees.

Mission: Saving people money so that they can live better.

Slogan: Save money. Live better.

Portfolio of Businesses, Products and Services

  • Walmart ranked 1st on Fortune 500 Companies List in 2018.
  • Walmart ranked 24th on Forbes World's Largest Public Corporations List 2018.
  • Walmart ranked 236th on Forbes World's Best Employers List 2018.
  • Walmart acquires 77% shares of Flipkart on May 9, 2018
  • In 2017, Walmart acquired Moosejaw and Bonobos for approximately $351 million.
  • In 2016, Walmart acquired jet.com for approximately $565 million
SUMMARY

A company overview is the most effective way to acquire business intelligence and gain vital information about it. It becomes essential for business professionals, business analysts such as budget analysts, financial analysts, management analysts, and market research analysts to analyse business practices, identifying potential business problems, market requirements and providing financial, marketing or managerial

solutions.

  • Budget analysts help companies and organizations keep their finances on track.
  • Financial analysts offer advice on investment decisions for external or internal financial clients as a core part of the job.
  • Management analysts work with the heads of businesses to improve efficiency and, consequently, profitability.
  • Market research analysts study competitors’ and clients’ strength and weaknesses in order to advise a company on what decisions would be most profitable.

The detailed study of some of the eminent national and multinational companies from different sectors and a wide range of industries will give an insight about the discussed companies and industries and will help develop an understanding of how to analyse the information when received, collected or made available from different sources for understanding, analysis, and reporting in day to day business life. With a detailed

company profile, one can get an insight into each company’s competitors’ strengths, weaknesses, strategies and performance. Business news focuses primarily on market or policy news as it is relevant to business owners, economists,financiers, public policy makers, business analysts, professors, researchers and students.

The document ICAI Notes- Overview of Selected Global Companies- 2 | Business and Commercial Knowledge (Old Scheme) - CA Foundation is a part of the CA Foundation Course Business and Commercial Knowledge (Old Scheme).
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FAQs on ICAI Notes- Overview of Selected Global Companies- 2 - Business and Commercial Knowledge (Old Scheme) - CA Foundation

1. What is the importance of understanding the overview of selected global companies for CA Foundation?
Ans. Understanding the overview of selected global companies is important for CA Foundation because it provides students with knowledge about the functioning, strategies, and financial performance of these companies. This understanding helps in developing a broader perspective on business and finance, which is crucial for a career in chartered accountancy.
2. How can the knowledge of selected global companies benefit CA Foundation students in their exams?
Ans. The knowledge of selected global companies can benefit CA Foundation students in their exams by providing them with real-life examples and case studies. This helps in better understanding and application of concepts taught in the curriculum. Additionally, questions related to global companies are often asked in the exams, and having knowledge about these companies increases the chances of scoring well.
3. What are some key factors that should be considered while studying the overview of selected global companies for CA Foundation?
Ans. Some key factors that should be considered while studying the overview of selected global companies for CA Foundation include: - Understanding the company's industry and market position. - Analyzing the company's financial statements and performance. - Examining the company's business strategies and competitive advantage. - Evaluating the company's corporate governance practices. - Assessing the company's risk management and sustainability initiatives.
4. How can CA Foundation students apply the knowledge of selected global companies in their future professional career?
Ans. CA Foundation students can apply the knowledge of selected global companies in their future professional career by: - Providing valuable insights and recommendations to clients or employers based on the analysis of these companies. - Understanding the global business landscape and its impact on financial markets and investments. - Applying best practices and strategies observed in global companies to improve the financial performance of their clients or employers. - Making informed decisions and judgments while dealing with multinational corporations or clients with global operations.
5. Can studying the overview of selected global companies help CA Foundation students in gaining practical exposure?
Ans. Yes, studying the overview of selected global companies can help CA Foundation students in gaining practical exposure. By analyzing the financial statements, business strategies, and performance of these companies, students can develop practical skills such as financial analysis, forecasting, and strategic decision-making. This practical exposure can be valuable in their future professional careers as chartered accountants.
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