The Importance Of Corporate Governance Of The Sony Corporation

Improved Essays
In regards to leadership, the Sony Corporation forms its framework of corporate governance into two sections: Supervision and Management. The Supervision section is comprised of the Board of Directors and the three committees of Nominating, Compensation, and Auditing. The Board and the committees create corporate and business level strategies that the management section enforces among their subordinates. The board and committees also elect the officials within the management section, electing only those they deem capable to handle the responsibilities of their position and dedicated to the company’s cause and ideas. Due to the fact that the Board and committee members are independent, the members of the management section within the corporate …show more content…
As demonstrated in his opening keynote at Sony’s 2014 CES Conference, Hirai embodies the fundamental ideologies that Sony promotes through its products and services. The company’s main idea is kando, a Japanese concept that describes a feeling of emotional involvement, and a sense of awe and admiration. The company and its employees work to invoke this spirit of kando not only in their consumers, but in themselves, as well. As stated, Hirai embodies the spirit of kando, when it comes to growing technology and technical skills. Hirai recounts a story of when he was little, where he was in absolute awe at the concept of a television. The TV and all its capabilities inspired and intrigued Hirai, and he recounts this story in order to relate to his employees, as they are involved in Sony for the same reasons: intrigue and the desire to cultivate curiosity in others with their …show more content…
Due to the fact that Sony’s goals are more concerned about influencing society, rather than making profits off of their products, The company’s and its employees’ efforts are recognized more in a long-term kind of effect. They have created technology and pave the way for technological advancements that have enabled our society to be where it is today, whether it be through entertainment, movies, music, or network services. The company’s employees take pride in knowing their own and each other’s efforts are resulting in great happiness in consumers and society alike. Regardless of the fact that many analysts paint Sony in a negative light for not having great profits each year, the company recognizes its hard work and everything that comes out of it. So even if others don’t appreciate their work, a Sony employee can take pride in their own accomplishments, as well as receive recognition from their colleagues, as

Related Documents

  • Improved Essays

    The auditors could have detected this embezzlement and fraud by performing additional audit procedures for cash and inventory. With respect to cash-skimming scheme, the auditor could investigate further on the “Office” line item of certain cash report sheets by inquiring the company’s personnel and the management. Similarly, the auditor could also use analytical procedures to gain an overall assessment of sales and profitability across individual stores. Because the cash receipt was taken into consideration in determining sales and profitability of stores affected by the embezzlement, stores that consistently exhibit relatively lower sales and profitability may raise auditor’s eyebrows. Additionally, since the cash-skimming operation was not…

    • 774 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    In And Then Steve Said, “Let There Be an iPhone”, Fred Vogelstein reveals Grignon’s and other Apple employees attitudes towards the release of the iPhone by following its malfunction process and its cultural influence. Grigion a senior engineer for Apple represents his role in the successful company and how through many phases and developments, they were able to launch the presentation of the first iPhone without any malfunctions live. Vogelstien exposes the series of steps in the development of the iPhone in a lengthy and precautious process of the successful launch for the presentation of the iPhone, which includes the individual roles of each member of Apple and the malfunctions of the prototypes and the ability of engineers…

    • 694 Words
    • 3 Pages
    Great Essays
  • Improved Essays

    Fry’s Electronics is a privately owned electronic retail chain that consists of 34 stores spread throughout nine states in the United States. Fry’s Electronics was founded in 1985 in the heart of Silicon Valley by the three Fry brothers, John, Randy, and Dave. Unlike other retail stores at the time, Fry’s Electronics offered a wide range of products, from electronic appliances to motherboards, in a single store. Consequently, it quickly gained popularity among consumers and large corporations. After its rise to fame, Fry’s Electronics set out to become the leader in the 21st century for electronics stores, but continued with the same strategy: sell a variety of electronic products for the masses.…

    • 231 Words
    • 1 Pages
    Improved Essays
  • Superior Essays

    Sony Rhetorical Analysis

    • 1844 Words
    • 8 Pages

    Sony says that there exists evidence that the world is crying out to labor beneath its firm but benevolent heel. You know, it can lie as much as it wants, but it can't change the facts. If it could, it'd sincerely prevent anyone from hearing that some of you are probably wondering, “Why doesn't it reveal the truth about itself?” The answer I shall provide is broad, plain, and even more than sufficient. You see, there are plenty of examples, of which I will spare the reader, of Sony's attempts to gum up what were once great ideas.…

    • 1844 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    A paradigm shift is when a commonly held belief, social standard, or custom changes across society. This change can be caused by advancements in technology, new ways of thinking that overcome our traditional ideologies, or even a sudden recession in these advancements. Once these transitions start, they typically alter how general society or industry operates in a very short period of time because they set, and are accepted by the majority, as the standard for the new norm. In Joel Barkers video “New Business of Paradigms,” two paradigm shifts that radically altered how we entertain ourselves and communicate were catalyzed by technological developments.…

    • 555 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    There are three different modes of governance have been applied to the board of directors which includes fiduciary board, strategic board and generate mode. In the strategic mode of governance, the members of the board are responsible for making policies and general guidelines under which organization should work to accomplish its mission and achieve its goals. So these governing boards should play an important role in establishing and pursuing directional strategies. The members of the governing board should share their experience and valuable suggestions in the development of organizational directional strategies. They should also responsible for the ensuring the organizational directional strategies are consistent with the overall aspirations of the organizations.…

    • 531 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    You have probably heard of PlayStation and Xbox, if you have then you have also heard of the major disputes over which is better. I have gathered Intel on each candidate to determine which stands out of the two. Both have had major hits in the business, but they are not equal. This paper focuses on the consoles throughout the generations. There are many things that make up a good console; games, marketability, performance, graphics, storage, player friendly, etc.…

    • 1003 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Apple is a Public Limited Company, found by Steve Jobs and Steve Wozniak in 1976, which design, develop and sell their goods worldwide and operate in telecom and technology industry. Their headquarters are located in Cupertino, California, USA Apple, being a successful technology and telecom company in the secondary sector who have lots of capital, have chosen to be a Public Limited Company because companies usually become public because they get more capital by selling their shares to shareholders, who own parts of the company. They are also able to get limited liability, which is an advantage where if the company goes bankrupt or fails, the owners will not be fully liable to debt. They’re also able to have continuity, which helps improve…

    • 999 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Japanese government set minimum requirements to establish corporate governance in the international companies stating that minimum two of the members of BoD should be from outside and independent7. In accordance with this Toshiba considers hiring half of the directors from outside2. The actions taken by the government and by Toshiba are useful in establishing an independent BoD. Besides this the management of Toshiba should be selected so that these members are capable of their positions (e.g the audit committee).…

    • 853 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    It is well known that corporate governance has been defined as “the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies, including setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.” (Financial Reporting Council, UK Corporate Governance Code) Leadership and Board Effectiveness According to the recent annual report, Diageo has been in compliance with The UK Corporate Governance Code which was published by the Financial Reporting Council in September 2014 until 30 June 2016. In this year, Diageo has 13 board members in total and 5 of them are women.…

    • 1440 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Apple is widely considered as one of the innovative companies in the world as its innovation strategies involve terrific new products and innovative business models in the management. Most consumers satisfy with presents and great software in fabulous hardware in beautiful packaging. It has created game-changing innovations like iPod, iTunes, and iPad. Apple’s leaders often consider the concepts of innovation. Most competitors cannot compete with Apple's latest offering since the company always invents innovative products.…

    • 1032 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    1.0 Introduction Razer Incorporate is an organization that focus and is specialize in the PC gaming product such as the gaming tablet computer, gaming laptops and the various type of gadgets and accessories that is wearable and usable for all of the gamer in the worldwide. The organization are an American based company and founded at 1998, headquarter are in California, United States. In nowadays, Razer are one of the leading brand in the gaming series market compared with the Logitech and the Republic Of Gamers.…

    • 828 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Mira Flags Essay

    • 639 Words
    • 3 Pages

    Part 1: Leadership Story Hello. My name is James Timothy Ward. On a summer day in 1993, my father, who, normally, worked long hours at his office, came home early with the news of a lifetime. He had tickets to a major sporting event and we were leaving right away. Anxious fans lined up outside the stadium in herds.…

    • 639 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Making an analysis for Samsung that examines such questions in the organization can help or maintain the organizations effectiveness. In this case, Samsung needs a little help maintain its effectiveness to produce reliable products especially after the recent reported number of exploding devices coming from their company. This level of framework would also help Samsung because it would allow the organization to reflect and help them develop fresh strategies to restore their public…

    • 2204 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    The definition of corporate governance most widely used is "the system by which companies are directed and controlled" (Cadbury Committee, 1992). Specifically it is the framework by which the various stakeholder interests are balanced. The stakeholders are the owners, majority shareholders, management, employees, customers, external auditors and other interested parties. Corporate governance separates ownership and control.…

    • 718 Words
    • 3 Pages
    Improved Essays