Credit-covering at Philips: report of training course
- Presentation of the sector and the company
- Introduction of L'Oréal
- Creating a company
- The core of the group L'Oreal
- Methods of evaluation
- The valuation models
- The choice of model for the company studied
- Presentation of the employee stock option
- The characteristics of the plan
- The determination of assumptions
- The evaluation process of the Employee Stock Option
As part of the training program in financial management from IUP, the author of this article was honored to be hosted at the headquarters of Philips France towards the end of the year. This course was specifically, conducted in the Finance Shared Service Operation (SFO), in the credit department of Philips France.
The company is older than a hundred years, and has managed to grow throughout its history to become one of today's major players in the global economic fabric. Philips has been able to diversify and acquire diverse know-how in the field of consumer electronics, domestic appliances and medical systems. Undoubtedly, its leadership and international dimension motivated me to learn about the integration of this company.
As discussed throughout this report, this course has been satisfying enough to implement certain subjects, but it would have been used primarily to deepen the knowledge of the business world by incorporating a different sector of the service. In this course, the primary mission shifted to the debt recovery clients, which are fundamental for the survival of a business nowadays.
The mission of the company Philips is to improve the quality of life by introducing timely and relevant way of technological innovation effective and simple. In a world where technology touches every aspect of daily life, Philips offers pioneering solutions in the areas of health, lifestyle and technology advances. Through this first part, the paper will introduce the group to better position the company in the economy.
The foundations of what would become one of the first companies in the world of electronics were laid in 1891, when Anton & Gerard Philips founded the company in Eindhoven, the Netherlands, to manufacture incandescent lamps and other electric products . The company was initially dedicated to the manufacture of carbon filament lamps and was one of the leading producers in Europe in the early twentieth century.
The development of new lighting technologies supports an expansion program continued, and in 1914 the company established a research laboratory devoted to the study of physical and chemical phenomena to stimulate product innovation. Commercial subsidiaries were already in the United States and France before the First World War, and in Belgium in 1919.
The Compact Disc was launched in 1983, when the 100 millionth Philips TV was produced in 1984 and the 300-millionth Philishave electric shaver in 1995. The 90s brought profound changes to Philips. The company was making a major restructuring program to return to healthy outcomes. More recently, the company has been focusing on its core business. At the dawn of the new millennium, Philips was at the forefront of the digital revolution, introducing world class products enhancing people's lives.
Cooperation between France and the electronics industry began since the early nineteenth century, when the group decided to set up Philips in France (1920). Since then, the Dutch company has developed a truly national network through its distribution network and its production units. In 2004, Philips France recorded a turnover of 3.351 million euros with one hand dedicated to the export of 50%. 246 million euros were dedicated to research and development and 86 million for investment: 7280 employees are active in the business plan which aims to group the leader in its core areas of activity.
Tags: Philips; Finance shared service operation; credit covering at Philips; history of Philips company;