TUGAS-1 ENTREPENEURSHIP
Disusun oleh :
Linda Setyawati
21107744
Ak-3
AKUNTANSI
FAKULTAS EKONOMI
UNIVERSITAS KOMPUTER INDONESIA
BANDUNG
2012
Google Buys a Major Stake in the Online
Display Ad Business
By the beginning of 2007, Google was making billions as the leading supplier of search-related
advertising. However, the company had made little progress in the other important part of online
advertising: graphical and multimedia display ads. The display ad business was heating up as
major advertisers grew more interested in reaching consumers online. In addition to the option of
using display ads, these advertisers wanted to be able to run entire ad campaigns across carefully
selected websites while targeting viewers based on their online behavior. To compete in this
booming market, Google CEO Eric Schmidt knew his firm needed to boost its resources and
capabilities, and fast.
With more money than time on its hands, Google opted to buy rather than build. In April
2007, the company purchased DoubleClick, a pioneer in online advertising. For $3.1 billion in
cash, Google acquired an experienced engineering and sales team and DoubleClick’s extensive ad
serving and tracking technologies. These systems allow advertisers to target ads to specific types
of web surfers, controlling where, when-and to an increasing degree-who sees their ads. The
systems also let advertisers monitor the effectiveness of their ads by tallying click-through rates
and other key data.
The acquisition brought more than just talent and technology, however. In the words of one
industry executive, DoubleClick had “relationships with virtually every major online publisher
and more than half of the online ad agencies.” With advertising at the core of its business model
and major advertising capabilities, Google helped secure its future with one swift move.
Speaking of swift moves, competitive urgency also played a significant role in the purchase
decision. The online advertising industry was quickly consolidating during that time frame, with
the three major companies-Google, Yahoo!, and Microsoft-each trying to assemble the most
compelling one-stop solution to entice big-name advertisers. A few months earlier, Yahoo! had
purchased a minority stake in Right Media, a company with capabilities similar to DoubleClick’s,
and Microsoft was competing with Google to buy DoubleClick. Then soon after Google snagged
DoubleClick, Yahoo! bought the rest of Right Media, and Microsoft turned around and shelled
out $6 billion in cash for aQuantive, another major player in display advertising. Within the
course of a few months, the entire industry was reshaped.
Of course, as with all mergers and acquisitions, the deal is only the beginning, not the end.
Google still needs to integrate DoubleClick’s people, technologies, and business relationships into
its existing operations. The company also faces some criticism and government review of the
deal. Privacy advocates weren’t happy that Google could now analyze the search, browsing, and
even buying habits of online consumers (although DoubleClick stressed at the time of the
acquisition that data on web-surfing habits belongs to its clients and was therefore off-limits to
Google). The federal Trade Commission (FTC) also stepped in to review the deal. Although few
people expect the FTC to prohibit Google from finalizing the acquisition, it could eventually
require the company to sell off some parts of its newly combined operations to avoid giving it too
much competitive dominance in the market.
Critical Thinking Questions
1. Why wouldn’t Google take the simpler and cheaper route of creating a strategic alliance with
DoubleClick, rather than purchasing the company outright?
2. The FTC doesn’t have the authority to stop the Google acquisition on the basis of privacy
concerns, but should it? Why or why not?
3. What are the risks of buying a company simply to keep it out of a competitor’s hands? What is
likely to happen to the acquired firm when this happens?
Jawaban :
1. Karena Google ingin bersaing dipasar khususnya dunia periklanan online dengan
meningkatkan meningkatkan sumber daya dan kemampuan dengan cepat. Google juga
melihat dua perusahaan pesaingnya Yahoo dan Microsoft yang berusaha menarik nama besar
peingklan. Dalam hal ini Google tidak ingin kalah saing dengan menciptakan aliansi strategis
dengan DoubleClick. DoubleClick merupakan peusahaan pelopor iklan online. Namun
Google masih perlu mengintegrasikan orang DoubleClik, teknologi dan hubungan bisnis ke
dalam operasi yang ada. Google membeli perusahaan DoubleClick hanya untuk menjaganya
dari tangan pesaing yang menjadi perusahaan besar.
2. Karena FTC tidak ada hubungan bisnis dengan Google sehingga tak dapat menghentikan
akuisisi Google. Tapi pada saat akuisisi data di web-surfing biasanya dimiliki klien bukan
kekuasaan Google, maka pendukung privasi tidak senang dengan Google dapat menganalisis
pencarian browsing.
3. Perusahaan yang diakuisisi harus menjual beberapa operasi yang baru dikombinasikan untuk
menghindari memberikan terlalu banyak dominasi kompetitif di pasar yang akan di
canangkan oleh Federal Trade Commision (FTC).
ONLINE
Visit Google’s website at www.google.com and click on “Advertising Programs”. If you were a sole
proprietor, how could you use these services to promote your business? If you were the advertising
manager of a major corporation, how might you use Google’s advertising services?
(For the latest information on Google’s acquisition of DoubleClick and other strategic
mergers, visit www.prenhall.com/bovee and click on “Real-Time Updates.”)
Jawaban :
 Jika saya menjadi pemilik tunggal, saya hanya cukup memberi perintah kepada bagian periklanan
untuk mempromosikan barang-barang di program periklanan Google.
 Namun, jika saya menjadi manajer iklan,
saya akan menggunakan layanan itu dengan cara
menciptakan iklan dengan nuansa yang menarik , memilih kata-kata kunci, anggaran dan
menentukan dibagian mana (strategis) iklan akan ditampilkan, Memaksimalkan potensi pendapatan
situs web Anda dengan iklan bertarget kontekstual
Questions for Review
1. What are the three basic forms of business ownership?
2. What is the difference between a general and a limited partnership?
3. What is a closely held corporation, and why do some companies choose this form of ownership?
4. What is the role of a company’s board of directors?
5. What is culture clash?
Jawaban :
1. Bentuk kepemilikan bisnis berbeda-beda pada setiap Negara, namun ada beberapa bentuk
yang dianggap umum, yaitu :
 Perusahaan perseorangan
Perusahaan perseorangan adalah bisnis yang kepemilikannya dipegang oleh satu
orang. Pemilik perusahaan perseorangan memiliki tanggung jawab tak terbatas atas
harta perusahaan. Artinya, apabila bisnis mengalami kerugian, pemilik lah yang harus
menanggung seluruh kerugian itu.
 Persekeutuan
Persekutuan adalah bentuk bisnis dimana dua orang atau lebih bekerja sama
mengoperasikan perusahaan untuk mendapatkan profit. Sama seperti perusahaan
perseorangan, setiap sekutu (anggota persekutuan) memiliki tanggung jawab tak
terbatas
atas
harta
perusahaan.
Persekutuan
dapat
dikelompokkan
menjadi persekutuan komanditer dan firma
 Perseroan
Perseroan adalah bisnis yang kepemilikannya dipegang oleh beberapa orang dan
diawasi oleh dewan direktur. Setiap pemilik memiliki tanggung jawab yang terbatas
atas hartaperusahaan
 Koperasi
Koperasi adalah bisnis yang beranggotakan orang-orang atau badan hukum koperasi
dengan melandaskan kegiatannya berdasarkan prinsip koperasi sekaligus sebagai
gerakan ekonomi rakyat yang berdasarkan asas kekeluargaan. Koperasi bertujuan
untuk menyejahterakan anggotanya. Karateristik utama koperasi yang membedakan
dengan badan usaha lain adalah anggota koperasi memiliki identitas ganda. Identitas
ganda maksudnya anggota koperasi merupakan pemilik sekaligus pengguna jasa
koperasi.
2. Perbedaan umum dan kemitraan terbatas?
 Rekanan umum adalah pemilik yang mempunyai kewajiban tidak terbatas dan aktif
dalam mengelola perusahaan
 Rekanan terbatas adalah pemilik yang mempunyai kewajiban terbatas dan tidak akrif
dalam mengelola perusahaan.
3. Role of a company’s board of directors berisi tugas-tugas / deadline-deadline yang ditugaskan
oleh direktur kepada karyawan / bawahannya, sebagai suatu target / acuan perusahaan dalam
jangka waktu yang ditentukan dan semua karyawan bisa melaksanakan tugas sesuai dengan
fungsinya.
4. Di Indonesia pengaturan terhadap direktur terdapat dalam UU No. 40 Tahun 2007 Tentang
Perseroan Terbatas dijabarkan fungsi, wewenang, dan tanggung jawab direksi.
Seorang direktur atau dewan direksi dalam jumlah direktur dalam suatu perusahaan (minimal
satu), yang dapat dicalonkan sebagai direktur, dan cara pemilihan direktur ditetapkan dalam
anggaran dasar perusahaan. Pada umumnya direktur memiliki tugas antara lain:
a. memimpin perusahaan dengan menerbitkan kebijakan-kebijakan perusahaan
b. memilih, menetapkan, mengawasi tugas dari karyawan dan kepala bagian (manajer)
c. menyetujui anggaran tahunan perusahaan
d. menyampaikan laporan kepada pemegang saham atas kinerja perusahaan
Tanggung jawab dari direktur kepada pihak ketiga dan hukum ditentukan dari jenis
perusahaan yang didirikan (Firma, Persekutuan Komanditer (CV), atau Perseroan Terbatas
(PT))
5. Ada beberapa benturan budaya dalam kewirausahaan, yaitu :
Menurut James A.F.Stoner dan Charles Wankel menjelaskan bahwa konflik dapat
digolongkan sebagai berikut :
1. konflik intrapersonal adalah konflik yang terdapat dalam diri seseorang, konflik ini
terjadi ketika jika pada suatu waktu yang sama seseorang memiliki dua keinginan
yang tidak mungkin dipenuhi sekaligus.
2. Konflik interpersonal adalah suatu pertentangan yang terjadi antara seseorang dengan
orang lain karena adanya perbedaan kepentingan atau keinginan, konflik ini biasa
terjadi antara dua orang yang berbeda status, jabatan, bidang kerja dan lain-lain.
3. Konflik Antar Individu dan Kelompok.
Questions for Analysis
6. Why is it advisable for partners to enter into a formal partnership agreement?
7. To what extend do shareholders control the activities of a corporation?
8. How might a company benefit from having a diverse board of directors that includes
representatives of several industries, countries, and cultures?
9. Why do so many mergers fail?
10. Ethical Considerations. Your father sits on the board of directors of a large, well-admired public
company. Yesterday, while looking for an envelope in his home office, you stumbled on a
confidential memorandum. Unable to resist the temptation to read the memo, you discovered that
your father’s company about the possibility of a merger, with Dad’s company being the survivor.
Dollar signs flashed in your mind. Should the merger occur, the value of the other company’s
stock is likely to soar. You’re tempted to log onto your E*TRADE account in the morning and
place an order for 1,000 shares of that company’s stock. Better still, maybe you’ll give a hot tip to
your best friend in exchange for the four Cherrybelle tickets your friend has been flashing in
your face all week. Would either of those actions be unethical? Explain your answer.
Jawaban :
6. Dalam kewirausahaan harus mengikuti perjanjian kemitraan formal agar mitra yang mengikuti
kerjasama dengan perusahaan dapat mengikuti aturan-aturan yang diberlakukan. Ada beberapa
hal meskipun bahwa setiap perjanjian dibuat dengan baik harus memiliki. Pertama, itu akan berisi
semua rincian utama tentang manajemen dan persentase masing-masing pasangan kepemilikan.
Kedua, itu akan mengandung persentase masing-masing pasangan dari keuntungan. Ketiga, akan
berisi bagaimana perselisihan atau konflik akan diselesaikan dan jika salah satu keinginan, bahkan
dapat mengandung saat pertemuan akan diadakan.
7. Pemegang saham diberikan hak khusus tergantung dari jenis saham, termasuk hak untuk
memberikan suara dalam hal seperti pemilihan dewan direksi, hak untuk pembagian dari
pendapatan perusahaan, hak untuk membeli saham baru yang dikeluarkan oleh perusahaan, dan
hak terhadap asset perusahaan pada saat likuidasi perusahaan. Namun, hak pemegang saham
terhadap asset perusahaan berada di bawah hak kreditor perusahaan. Ini berarti bahwa pemegang
saham biasanya tidak menerima apa pun bila suatu perusahaan yang dilikuidasi setelah
kebangkrutan, meskipun sebuath saham dapat memiliki harga setelah kebangkrutan bila ada
kemungkinan bahwa hutang perusahaan akan direstrukturisasi.
8. from having a diverse board of directors, kita dapat mengklasifikasikan mereka ke berbagai
spesific yang berbeda dan dari perbandingan yang beragam tentunya akan memberikan gambaran
secara gamblang kelemahan dan kekurangan dari masing-masing dewan direksi.
9. 1. kurangnya pemikiran strategis yang menarik / tepat
2. kegagalan untuk mempertahankan performa
3. kegagalan dalam perencanaan postmerger
4. permasalahan finansial / hutang yang berlebihan
5. perbedaan budaya antar-organisasi yang terlibat merger
10. Itu merupakan tindakan yang tidak etis, karena berawal dari memorandum yang ditemukan adalah
rahasia. Selain itu, ada pertimbangan yang harus dihindari untuk mengambil keputusan ikut
masuk menanam saham. Perusahaan yang di pegang bapak akan menjadi korban, dimana akan
merugikan perusahaan bapak.
Questions for Application
11. Suppose you and some friends want to start a business to take tourist on wilderness backpacking
expeditions. None of you has much extra money, so your plan is to start small. However, if you
are successful, you would like to expand into other types of outdoor tours and perhaps even open
up branches in other locations. What form of ownership should your new enterprise take, and
why?
12. How This Affect You. Do you own or have you ever considered owning stock? If so, what steps
have you taken to ensure that company management has shareholder interest in mind/
13. Integrated. You’ve developed considerable expertise in setting up new manufacturing plants, and
now you’d like to strike out on your own as a consultant who advises other companies. However,
you recognized that manufacturing activity tends to expand and contract at various times during
the business cycle. Do you think a single-consultant sole proprietorship or a small corporation
with a half dozen or more consultants would be better able to ride out tough times at the bottom of
a business cycle?
Jawaban :
11. Bentuk kepemilikan perkumpulan umum / Persekutuan , karena awal ide ini muncul bersamasama teman dan dalam kepemilikan persekutuan modalpun mudah jika ditanggung bersama-sama,
melihat kasus diatas tak satupun memiliki banyak uang tambahan dan dimulai bersama-sama dari
kecil. selain itu, mungkin akan lebih membantu karena adanya teman bertukar pikiran dan tentu
setiap pemilik saham pasti memiliki relasi walaupun tidak seperti yang diharapkan.
12. Ya, saya punya. Saya akan mendiskusikan dengan seluruh dewan direksi bahwa pentingnya
peranan pemegang saham dalam mengendalikan keseimbangan keuangan perusahaan. Pengaturan
perjanjian-perjanjian yang disepakati seperti pembagian keuntungan, kerugian, harga aset, juga
harta perusahaan.
13. Setiap konsultan memiliki funsinya masing-masing perbidang. Ketika suatu perusahaan berada
dimasa-masa sulitnya disaat itulah fungsi dari berbagai konsultan memberikan pendapat-pendapat
sebagai pertimbangan pengambilan keputusan. Selain itu, mencoba memeriksa apa yang menjadi
titik kelemahan maupun titik kelebihan dari perusahaan tersebut. apabila itu merugikan akan
diperbaiki kembali dan apabila menguntungkan akan lebih ditingkatkan .
Sharpening Your Communication Skill
You have just been informed that your employer is going to merge with a firm in Thailand. Because
you know very little about Thailand culture and business practices, you think it might be a good idea
to do some preliminary research-just in case you have to make a quick trip overseas. Using the
Internet or library sources, find information on Thailand culture and customs and prepare a short
report discussing such cultural differences as social values, decision-making customs, concepts of
time, use of body language, social behavior and manners, and legal and ethical behavior.
Jawaban :
Seringkali bahasa merupakan pembatas untuk saling berkomunikasi dengan antar warga negara.
Dengan beragam perbedaan budaya, perilaku, hukum dan etika yang berlaku masing-masing. Namun
hal ini bisa dipersempit jika kita mempelajari cara berkomunikasi dengan mereka khususnya
bahasanya, juga bahasa internasional. Mestinya ketika perekrutan karyawan terdapat spesialisasi ahli
bahasa ditiap perusahaan besar. Intinya jangan takut mengeksplore kemampuan kita dan jangan
jadikan keterbatasan komunikasi sebagai hambatan.
Discovering Career Opportunities
Are you best suited to working as a sole proprietor, as a partner in a business, or in a different role
within a corporation? For this exercise, select three businesses with which you are familiar: one run
by a single person, such as a dentist’s practice or a local landscaping firm; and one that operates as a
corporation, such as Target or Wal-Mart.
1. Write down what you think you would like about being the sole proprietor, one of the partners,
and the corporate manager or an employee in the businesses you have selected. For example,
would you like having full responsibility for the sole proprietorship? Would you like being able to
consult with other partners in the partnership before making decisions? Would you like having
limited responsibility when you work for other people in the corporation?
2. Now write down what you might dislike about each form of business. For example, would you
dislike the risk of bearing all legal responsibility in a sole proprietorship? Would you dislike
having to talk with your partners before spending the partnership’s money? Would you dislike
having to write reports for top managers and shareholders of the corporation?
3. Weight the pluses and minuses you have identified in this exercise. In comparison, which form of
business most appeals to you?
Jawaban :
1. Jika berada di perusahaan tunggal, jelas saya lebih memilih menjadi pengusaha pemilik tunggal,
karena kontrol usaha sepenuhnya berada dipemilik tersebut. Dan saya cenderung lebih ingin
memiliki tanggung jawab sepenuhnya dan mengatur semuanya sendiri namun mengelola bersama
bawahan tentunya
2. Semua bentuk kepemilikan bisnis punya kelebihan dan kelemahan tersendiri. dari ketiga bentuk
kepemilikan bisnis saya lebih memilih persekutuan. karena semua berawal secara bersama-sama,
mulai dari modal, manajemen perusahaan, membagi keuntungan & kerugian juga setiap
permasalahan yang ada di perusahaan akan ditanggung bersama oleh pemilik saham. setiap pemilik
saham akan memiliki tanggung jawab yang merata sesuai dengan kesepatan yang telah disepakati.
3. Hal yang tidak disukai dalam bentuk kepemilikan tunggal :
- jika terdapat permasalahan hanya diselesaikan oleh pemilik tunggal,
- modal awal harus dari kepemilikan pribadi perseorangan
- utang menjadi tanggung jawa pemilik
- kelanjutan usaha dapat berakhir bila pemilik nya meninggal, pailit / gagal
Hal yang tidak disukai dalam bentuk kepemilikan persekutuan / partnership
- jika setiap pengambilan keputusan harus dirundingkan bersama-sama (butuh waktu) dan jika ada
salah satu yang tidak setuju maka rencana batal.
- sulit untuk cepat maju dalam pengambilan keputusan
- jika terdapat perselisihan sulit untuk perundingan (rentan konflik pribadi)
Hal yang tidak disukai dalam bentuk kepemilikan hubungan terbatas (corporation)
- pemegang asset tidak mendapat alih dalam pengendalian perusahaan (terpisah)
- sulit dan mahal untuk dibentuk dan dibubarkan
- pajak ganda, yakni dikenakan ke perusahaan dan ke pemegang saham
- pembatasan legal akibat jumlah undang-undang yang banyak
Follow the Fortunes of the Fortune 500
Quick! Name the largest corporation in the United States, as measured by annual revenues. Give up?
Just check Fortune magazine’s yearly ranking of the 500 largest U.S. companies. The Fortune 500
not only ranks corporations by size but also offers brief company descriptions along with industry
statistics and additional measures or corporate performance. You can search the list by ranking, by
industry, by company name, or by CEO. And to help you identify the largest international
corporations, there’s a special Global 500 list as well. www.fortune.com
Jawaban :
Perusahaan - perusahaan terbesar di Amerika versi majalah fortune 500
Current view : 1-100
Rank
▾
Company
1
Current view : 301-400
Revenues
($ millions)
Profits
($ millions)
Royal Dutch Shell
484,489
30,918
2
Exxon Mobil
452,926
41,060
3
Wal-Mart Stores
446,950
15,699
4
BP
386,463
25,700
5
Sinopec Group
375,214
6
Rank ▾ Company
Revenues
($ millions)
Profits
($ millions)
301
Kansai Electric Power
35,607
-3,068
302
J. Sainsbury
35,567
954
303
Ecopetrol
35,520
8,348
9,453
304
Sberbank
35,502
10,756
305
International Petroleum
Investment
35,495
-140
306
NKSJ Holdings
35,343
-1,169
307
Royal Philips Electronics
35,152
-1,801
308
Delta Air Lines
35,115
854
309
L.M. Ericsson
34,958
1,879
310
Medipal Holdings
34,832
148
311
Itaúsa-Investimentos Itaú
34,701
2,890
312
Liberty Mutual Insurance
Group
34,671
365
China National Petroleum
352,338
16,317
7
State Grid
259,142
5,678
8
Chevron
245,621
26,895
9
ConocoPhillips
237,272
12,436
10
Toyota Motor
235,364
3,591
11
Total
231,580
17,069
12
Volkswagen
221,551
21,426
13
Japan Post Holdings
211,019
5,939
14
Glencore International
186,152
4,048
15
Gazprom
157,831
44,460
16
E.ON
157,057
-3,085
17
ENI
153,676
9,539
18
ING Group
150,571
6,591
313
World Fuel Services
34,623
194
19
General Motors
150,276
9,190
314
Tata Motors
34,575
2,821
20
Samsung Electronics
148,944
12,059
315
Sistema
34,517
218
21
Daimler
148,139
7,880
22
General Electric
147,616
14,151
316
Mizuho Financial Group
34,394
6,137
23
Petrobras
145,915
20,121
317
New York Life Insurance
34,394
557
24
Berkshire Hathaway
143,688
10,254
318
171
AXA
142,712
6,012
China National Aviation Fuel
Group
34,352
25
26
Fannie Mae
137,451
-16,855
319
Plains All American Pipeline
34,275
966
27
Ford Motor
136,264
20,213
320
La Poste
34,268
665
28
Allianz
134,168
3,539
321
Wuhan Iron & Steel
34,260
664
29
Nippon Telegraph &
Telephone
133,077
5,924
322
Christian Dior
34,244
1,778
30
BNP Paribas
127,460
8,412
323
TIAA-CREF
34,079
2,388
31
Hewlett-Packard
127,245
7,074
324
Air France-KLM Group
34,001
-1,114
32
AT&T
126,723
3,944
325
Xstrata
33,877
5,713
33
GDF Suez
126,077
5,566
34
Pemex
125,344
-7,358
326
Bank of Communications
33,872
7,848
35
Valero Energy
125,095
2,090
327
Aetna
33,780
1,986
36
PDVSA
124,754
2,640
328
Sprint Nextel
33,679
-2,890
37
McKesson
122,734
1,403
329
Cosmo Oil
33,672
-115
38
Hitachi
122,419
4,397
39
Carrefour
121,734
516
330
Jizhong Energy Group
33,661
132
40
Statoil
119,561
14,055
331
AstraZeneca
33,591
9,983
41
JX Holdings
119,258
2,161
332
News Corp.
33,405
2,739
42
Nissan Motor
119,166
4,324
43
117,514
2,777
333
China United Network
Communications
33,336
218
Hon Hai Precision Industry
44
Banco Santander
117,408
7,440
45
EXOR Group
117,297
701
334
DZ Bank
33,279
535
46
Bank of America Corp.
115,074
1,446
335
Power Corp. of Canada
33,277
1,128
47
Siemens
113,349
8,562
336
Ineos Group Holdings
33,160
523
48
Assicurazioni Generali
112,628
1,190
337
CPC
32,769
-1,105
49
Lukoil
111,433
10,357
50
Verizon Communications
110,875
2,404
338
George Weston
32,735
642
51
J.P. Morgan Chase & Co.
110,838
18,976
339
General Dynamics
32,677
2,526
52
Enel
110,560
5,768
340
Allstate
32,654
788
53
HSBC Holdings
110,141
16,797
341
China Guodian
32,580
-92
54
Industrial & Commercial Bank
of China
109,040
32,214
342
Edeka Zentrale
32,531
196
55
Apple
108,249
25,922
343
HCA Holdings
32,506
2,465
56
CVS Caremark
107,750
3,461
57
International Business
Machines
106,916
15,855
344
American Express
32,282
4,935
345
Tyson Foods
32,266
750
58
Crédit Agricole
105,156
-2,044
59
Tesco
103,839
4,484
346
Jiangsu Shagang Group
32,097
484
60
Citigroup
102,939
11,067
347
East Japan Railway
32,070
1,377
61
Cardinal Health
102,644
959
348
Deere
32,013
2,800
62
BASF
102,194
8,604
349
China Railway Materials
31,991
156
63
UnitedHealth Group
101,862
5,142
64
Honda Motor
100,664
2,678
350
Suzuki Motor
31,817
683
65
SK Holdings
100,394
1,510
351
Huawei Investment & Holding
31,543
1,815
66
Panasonic
99,373
-9,780
352
Murphy Oil
31,446
873
67
Société Générale
98,464
3,316
353
Schneider Electric
31,128
2,531
68
Petronas
97,355
21,915
69
BMW
95,692
6,787
354
Sharp
31,104
-4,763
70
ArcelorMittal
94,444
2,263
355
Philip Morris International
31,097
8,591
71
Nestlé
94,405
10,692
356
Chubu Electric Power
31,020
-1,168
72
Metro
92,746
877
73
Électricité de France
90,806
4,185
74
Nippon Life Insurance
90,783
2,848
75
Kroger
90,374
76
Munich Re Group
77
357
Oil & Natural Gas
30,746
5,874
358
BT Group
30,734
3,194
602
359
Nationwide
30,698
-793
90,137
976
360
Anglo American
30,580
6,169
China Construction Bank
89,648
26,181
361
Poste Italiane
30,164
1,177
78
Costco Wholesale
88,915
1,462
362
Hutchison Whampoa
30,023
7,197
79
Freddie Mac
88,262
-5,266
363
Phoenix Pharmahandel
30,023
307
80
Wells Fargo
87,597
15,869
364
Coop Group
30,022
487
81
China Mobile
Communications
87,544
11,703
365
China National Building
Materials Group
30,022
657
82
Telefónica
87,372
7,513
366
Tesoro
29,927
546
83
Indian Oil
86,016
882
367
Sinomach
29,846
631
84
Agricultural Bank of China
84,803
18,860
368
3M
29,611
4,283
85
Peugeot
83,305
818
369
China Datang
29,603
-133
86
Procter & Gamble
82,559
11,797
370
Lenovo Group
29,574
473
87
Sony
82,237
-5,784
371
Alfresa Holdings
29,551
84
88
Banco do Brasil
81,887
7,577
89
Deutsche Telekom
81,554
775
372
Flextronics International
29,470
489
90
Repsol YPF
81,122
3,049
373
Legal & General Group
29,366
1,164
91
Noble Group
80,732
431
374
Delhaize Group
29,365
661
92
Archer Daniels Midland
80,676
2,036
375
GasTerra
29,332
50
93
Bank of China
80,230
19,208
376
Gas Natural Fenosa
29,305
1,842
94
AmerisourceBergen
80,218
707
377
Commerzbank
29,236
887
95
PTT
79,690
3,456
378
Mapfre Group
29,224
1,339
96
Meiji Yasuda Life Insurance
77,463
2,188
379
Aisin Seiki
29,183
703
97
Toshiba
77,261
934
380
Ultrapar Holdings
29,073
507
98
Deutsche Post
76,307
1,617
381
Time Warner
28,974
2,886
99
Reliance Industries
76,119
4,117
382
Michelin
28,809
2,033
100
China State Construction
Engineering
76,024
1,108
383
S-Oil
28,808
1,075
384
China Ocean Shipping
28,797
-652
385
Magna International
28,748
1,018
386
BAE Systems
28,624
1,988
387
Adecco Group
28,567
722
388
Dexia Group
28,540
-16,184
389
Showa Shell Sekiyu
28,497
290
390
Power China
28,289
354
391
L'Oréal
28,286
3,391
Current view : 1-100
392
Wm. Morrison Supermarkets
28,276
1,105
393
COFCO
28,190
729
394
Swiss Re
28,083
2,626
395
Northrop Grumman
28,058
2,118
396
Migros Group
28,015
745
397
Henan Coal & Chemical
27,919
223
398
Vattenfall
27,890
1,707
399
Brazilian Distribution
27,839
429
400
Fujifilm Holdings
27,804
554
Revenues
($ millions)
Profits
($ millions)
Current view : 301-400
Rank ▾ Company
Revenues
($ millions)
Profits
($ millions)
201
Sanofi
48,747
7,916
202
Veolia Environnement
48,486
-681
203
Hyundai Heavy Industries
48,485
2,310
204
Credit Suisse Group
48,227
2,201
205
China North Industries Group
48,154
598
206
Amazon.com
48,077
631
207
Merck
48,047
6,272
208
Volvo
47,814
209
MS&AD Insurance Group
Holdings
47,684
210
OMV Group
47,349
211
Lockheed Martin
212
Current view : 401-500
Rank ▾ Company
401
Tata Steel
27,739
1,125
402
ChemChina
27,707
100
403
Toronto-Dominion Bank
27,590
5,969
404
Alstom
27,417
1,007
405
Accenture
27,353
2,278
406
DirecTV
27,226
2,609
407
Publix Super Markets
27,179
1,492
2,735
408
Formosa Petrochemical
27,179
766
-2,146
409
Bank of Nova Scotia
27,091
5,245
410
McDonald's
27,006
5,503
1,479
411
Danone
26,861
2,323
46,692
2,655
412
Mol Hungarian Oil & Gas
26,698
764
Coca-Cola
46,542
8,572
413
T&D Holdings
26,649
339
1,276
26,534
669
Express Scripts Holding
46,128
414
Avnet
213
415
Tech Data
26,488
206
214
Mitsubishi Electric
46,094
1,419
416
Tewoo Group
26,411
25
215
UBS
45,978
4,687
417
Macy's
26,405
1,256
216
China Communications
Construction
45,959
1,221
418
Maruhan
26,333
315
419
Onex
26,168
1,327
217
Sunoco
45,765
-1,684
420
Energie Baden-Württemberg
26,126
-1,206
218
Bouygues
45,669
1,488
421
Rite Aid
26,121
-369
219
SNCF
45,587
174
422
Sumitomo Electric Industries
26,082
746
220
KDDI
45,241
3,022
423
KBC Group
26,057
18
221
China Telecommunications
45,170
557
424
International Paper
26,034
1,341
425
China Electronics
26,023
203
222
Koç Holding
45,098
1,265
426
Zhejiang Materials Industry
Group
25,833
96
427
Japan Tobacco
25,759
4,064
163
428
Mazda Motor
25,749
-1,365
44,313
2,047
429
Korea Gas
25,721
158
Commonwealth Bank of
Australia
44,306
6,309
430
Surgutneftegas
25,663
7,931
431
Travelers Cos.
25,446
1,426
228
Aegon
44,197
1,208
432
Compass Group
25,418
1,169
229
Westpac Banking
44,112
7,169
433
China Huadian
25,270
-22
230
Iberdrola
44,005
3,900
434
China Shipbuilding Industry
25,145
837
435
CRH
25,141
820
231
GlaxoSmithKline
43,907
8,435
436
Komatsu
25,099
2,116
232
Safeway
43,630
517
437
Staples
25,022
985
233
China Resources National
43,440
1,882
438
Telstra
24,968
3,188
234
Shenhua Group
43,356
5,672
439
Alcoa
24,951
611
235
GS Caltex
43,280
1,121
440
Shandong Weiqiao Pioneering
Group
24,906
1,128
236
Tokio Marine Holdings
43,264
76
441
Northwestern Mutual
24,861
645
237
Cisco Systems
43,218
6,490
442
Raytheon
24,857
1,866
238
China South Industries
Group
43,160
176
443
Finmeccanica
24,849
-3,261
444
Halliburton
24,829
2,839
239
Sumitomo Life Insurance
43,086
1,368
445
British American Tobacco
24,688
4,962
240
ACS
42,655
1,338
446
Sumitomo Chemical
24,670
71
241
Continental
42,416
1,727
447
Shanxi Coal Transportation &
Sales Group
24,533
224
242
Ping An Insurance
42,110
3,012
448
Standard Chartered Group
24,488
4,849
243
Royal Ahold
42,090
1,414
449
Woori Finance Holdings
24,435
1,929
244
Telecom Italia
42,070
-6,571
450
China Pacific Insurance (Group)
24,429
1,286
245
Sears Holdings
41,567
-3,140
451
China Power Investment
24,400
-119
246
China Huaneng Group
41,481
26
452
Imperial Tobacco Group
24,379
2,883
247
Sumitomo
41,301
3,175
453
TUI
24,356
33
454
Eli Lilly
24,287
4,348
248
Lufthansa Group
41,220
-18
455
Marquard & Bahls
24,258
40
223
Wilmar International
44,710
1,601
224
Canon
44,631
3,119
225
Bharat Petroleum
44,582
226
Enterprise Products Partners
227
249
Walt Disney
40,893
4,807
456
Emerson Electric
24,234
2,480
250
Aviation Industry Corp. of
China
40,835
930
457
Massachusetts Mutual Life
Insurance
24,226
877
251
Johnson Controls
40,833
1,624
458
Occidental Petroleum
24,216
6,771
252
Mitsubishi Chemical Holdings
40,632
449
459
SHV Holdings
24,141
1,088
460
Shandong Energy Group
24,131
1,559
253
Softbank
40,559
3,974
461
Ricoh
24,108
-564
254
National Australia Bank
40,521
5,352
462
Ansteel Group
24,089
247
255
Suncor Energy
40,231
4,352
463
AMR
23,979
-1,979
464
Heineken Holding
23,898
997
465
Hyundai Mobis
23,736
2,729
466
Husky Energy
23,623
2,249
467
Kobe Steel
23,617
-181
468
Compal Electronics
23,591
375
469
Suzuken
23,556
102
470
CFE
23,481
-1,381
1,152
471
Nomura Holdings
23,453
147
39,304
1,452
472
Daiwa House Industry
23,415
421
Korea Electric Power
39,296
-3,043
473
Fluor
23,381
594
474
Holcim
23,378
310
265
Anheuser-Busch InBev
39,046
5,855
475
Zhejiang Geely Holding Group
23,356
90
266
Kia Motors
38,988
3,083
476
Nordea Bank
23,258
3,653
267
Hindustan Petroleum
38,885
37
477
Yamada Denki
23,246
738
268
Abbott Laboratories
38,851
4,728
478
TJX
23,192
1,496
269
HeBei Iron & Steel Group
38,722
198
479
Fresenius
22,973
959
270
DuPont
38,719
3,474
480
Lafarge
22,970
825
271
NEC
38,462
-1,397
481
Nippon Yusen Kabushiki Kaisha
22,896
-922
482
Mitsubishi Motors
22,890
303
272
Franz Haniel
38,023
292
483
Greenland Holding Group
22,873
966
273
ABB
37,990
3,168
484
22,832
243
274
Alliance Boots
37,977
877
Xinxing Cathay International
Group
275
Jardine Matheson
37,967
3,449
485
Sun Life Financial
22,831
-202
486
Caltex Australia
22,810
-736
276
Bridgestone
37,943
1,292
487
Goodyear Tire & Rubber
22,767
343
277
Google
37,905
9,737
488
Xerox
22,626
1,295
278
Hess
37,871
1,703
489
Randstad Holding
22,560
249
279
Quanta Computer
37,770
785
490
Kailuan Group
22,519
107
280
China Metallurgical Group
37,613
-400
491
KFW Bankengruppe
22,496
2,876
281
Rabobank Group
37,577
3,544
492
Bertelsmann
22,427
647
282
Royal Bank of Canada
37,233
4,918
493
Wistron
22,408
309
494
International Airlines Group
22,390
743
283
United Continental Holdings
37,110
840
495
Sodexo
22,262
626
284
Honeywell International
37,059
2,067
496
Tokyo Gas
22,218
583
285
State Bank of India
36,950
3,202
497
Aflac
22,171
1,964
286
JBS
36,921
-45
498
China Merchants Bank
22,094
5,588
287
CHS
36,916
961
499
National Grid
22,067
3,248
288
Centrica
36,860
675
500
Manpower
22,006
252
289
Humana
36,832
1,419
290
Goldman Sachs Group
36,793
4,442
256
JFE Holdings
40,104
-464
257
Vivendi
40,063
3,728
258
China Post Group
40,023
3,085
259
Denso
39,954
1,131
260
Schlumberger
39,540
4,997
261
Morgan Stanley
39,376
4,110
262
Sysco
39,324
263
FedEx
264
Current view : 401-500
291
Australia & New Zealand
Banking Group
36,731
5,492
292
People's Insurance Co. of
China
36,549
802
293
Heraeus Holding
36,406
429
294
Ingram Micro
36,329
244
295
Shougang Group
36,117
213
296
Supervalu
36,100
-1,040
297
PKN ORLEN Group
36,100
798
298
Aluminum Corp. of China
35,839
76
299
Mitsubishi Heavy Industries
35,727
311
300
Oracle
35,622
8,547
Current view : 201-300
Current view : 101-200
Rank
▾
Company
Revenues
($ millions)
Profits
($ millions)
101
China National Offshore
Oil
75,514
8,836
102
INTL FCStone
75,498
37
103
Groupe BPCE
75,082
3,733
104
Deutsche Bank
74,425
5,745
105
Vodafone Group
74,051
11,099
106
Marathon Petroleum
73,645
2,389
107
Walgreen
72,184
2,714
108
BHP Billiton
71,739
23,648
109
American International
Group
71,730
17,798
110
Robert Bosch
71,600
2,428
111
China Railway
Construction
71,443
489
112
China Railway Group
71,263
1,035
113
Sinochem Group
70,990
1,178
114
MetLife
70,641
6,981
115
Mitsubishi
70,492
5,748
116
Home Depot
70,395
3,883
117
Hyundai Motor
70,227
6,911
118
Medco Health Solutions
70,063
1,456
119
Microsoft
69,943
23,150
120
Target
69,865
2,929
121
Barclays
68,950
4,821
122
ThyssenKrupp
68,791
-1,799
123
Boeing
68,735
4,018
124
RWE
68,345
2,511
125
EADS
68,310
1,436
126
Pfizer
67,932
10,009
127
Tokyo Electric Power
67,751
-9,900
128
Landesbank BadenWürttemberg
67,431
122
129
China Life Insurance
67,274
1,048
130
SAIC Motor
67,255
3,128
131
Lloyds Banking Group
67,048
-723
132
Mitsui
66,512
5,503
133
PepsiCo
66,504
6,443
134
AEON
65,989
846
135
U.S. Postal Service
65,711
-5,067
136
Banco Bradesco
65,137
6,547
137
Rosneft Oil
65,093
12,452
138
Johnson & Johnson
65,030
9,672
139
Unilever
64,610
5,912
140
State Farm Insurance Cos.
64,305
845
141
France Télécom
62,956
5,416
142
Dongfeng Motor Group
62,911
1,321
143
Royal Bank of Scotland
Group
62,798
-3,202
144
Mitsubishi UFJ Financial
Group
62,706
12,429
145
Dai-ichi Life Insurance
62,462
258
146
POSCO
62,230
3,293
147
Dell
62,071
3,492
148
Aviva
61,754
361
149
Groupe Auchan
61,699
1,126
150
WellPoint
60,711
2,647
151
Seven & I Holdings
60,668
1,646
152
China Southern Power
Grid
60,538
755
153
Rio Tinto Group
60,537
5,826
154
A.P. Møller-Mærsk Group
60,194
2,835
155
Caterpillar
60,138
4,928
156
Dow Chemical
59,985
2,742
157
Novartis
59,375
9,113
158
Renault
59,272
2,909
159
Vale
58,990
22,885
160
Bunge
58,743
942
161
Saint-Gobain
58,560
1,785
162
Prudential
58,527
2,389
163
United Technologies
58,190
4,979
164
UniCredit Group
57,213
-12,801
165
China FAW Group
57,003
2,297
166
Fujitsu
56,582
541
167
Comcast
55,842
4,160
168
Marubeni
55,604
2,180
169
China Minmetals
54,509
754
170
Kraft Foods
54,365
3,527
171
Wesfarmers
54,147
1,897
172
Itochu
54,093
3,806
173
Intel
53,999
12,942
174
Nokia
53,754
-1,619
175
Woolworths
53,559
2,096
176
América Móvil
53,510
6,664
177
United Parcel Service
53,105
3,804
178
Zurich Insurance Group
52,983
3,766
179
Deutsche Bahn
52,808
1,834
180
Nippon Steel
51,812
741
181
Manulife Financial
51,548
220
182
CNP Assurances
51,521
1,212
183
Vinci
51,385
2,648
184
Best Buy
51,116
-1,231
185
LyondellBasell Industries
51,035
N.A.
186
Banco Bilbao Vizcaya
Argentaria
51,021
4,177
187
Bayer
50,790
3,434
188
Sabic
50,639
7,798
189
SSE
50,611
316
190
Lowe's
50,208
1,839
191
Sumitomo Mitsui
Financial Group
49,967
6,567
192
Roche Group
49,714
10,529
193
Intesa Sanpaolo
49,472
-11,388
194
CITIC Group
49,339
5,648
195
Prudential Financial
49,045
3,666
196
LG Electronics
48,977
-424
197
Baosteel Group
48,916
1,867
198
TNK-BP International
48,909
8,981
199
Idemitsu Kosan
48,828
815
200
Foncière Euris
48,748
-14
Current view : 101-200
ONLINE EXPLORATION
Find out what is required to incorporate a business in your state. You might begin by searching the
CCH Business Owner’s Toolkit site at www.toolkit.cch.com. If you were going to start a small
business, would you choose to incorporate or choose a different form of legal organization? List the
pros and cons that incorporation presents for the type of business you would consider.
.
Jawaban :
Saya akan memilih menggabungkan bentuk bisnis karena dimulai dengan bisnis kecil dengan
bergabung dengan pebisnis lain akan memperkuat financial usaha kita. Namun, perlu diperhatikan
dalam pemilihan partner bisnis yang bisa diajak bekerjasama dengan baik, sehingga perselisihan antar
partner terhindari.