ipl-logo

Characteristics Of Samsung

1499 Words6 Pages

In this essay, you will learn about four factors that make Samsung become a good to great company. Four factors you will learn about in this essay will be level 5 leadership, first who then what, facing the brutal facts, and the hedgehog concept of Samsung. Electronic devices have become a massive source that is used by nearly everyone in the society, and it is extremely valuable for the society. Electronic devices have become smarter than they have ever been, you can take pictures, and record videos send messages, make calls, and access the web, play games, find programs in different languages and more (Meyer et al 2017, 23-44). Samsung is one of the most successful electronics company worldwide, it has over 200 branches all around the world. Samsung sells a wide range of different electronic products such as; tablets, smartphones, refrigerators, washing machine, monitors and much more (Youngsoo 1997, 5-36). Samsung was founded in Suwon, Korea in the year 1938 by Lee Byung-Chul. When Samsung was launched Sony was their only big competitor which was found nearly 23 years before Samsung was discovered(SAMSUNG n.d). After the death of Samsung’s chairman, Lee Byung-Chul in the year 1987 his son, Lee Kun-hee became the chairman of Samsung (SAMSUNG n.d). The founder of Samsung Lee Byung-Chul had the qualities to be a level 5 leader. The founder of Samsung, Lee Byung-Chul had both humility and will to become successful. Samsung started as a trading company in the year 1938 by Lee

Show More
Related

  • Comparative Essay On Outliers By Malcolm Gladwell

    595 Words  | 3 Pages

    Sun Microsystems (SUNW) founders Bill Joy and Scott McNealy in 1954. All of these Silicon Valley pioneers succeeded not just on their extraordinary talent but also because they had the right opportunities at exactly the right time.¨(Outliers-Malcolm

    Read More

  • Samothrace Characteristics

    1091 Words  | 5 Pages

    1. INTRODUCTION According to Pollitt (1986:1) there are five states of mind that are characteristic of the Hellenistic Age: “an obsession with fortune, a theatrical mentality, a scholarly mentality, individualism, and a cosmopolitan outlook”. With this in mind, I will discuss the characteristics of the Hellenistic movement in this essay as exemplified in the The Winged Victory of Samothrace (Figure 1). 2.

    Read More

  • Samsung Case Study

    1533 Words  | 7 Pages

    Samsung Electronics Co., Ltd. is a South Korean multinational electronics company which headquartered in Suwon, South Korea. Samsung has long been a major manufacturer of electronic device such as lithium-ion batteries, semiconductors, microchips, flash memory and hard drive devices for clients such as Apple, Sony, HTC and Nokia. Samsung has been the world 's largest manufacturer of LCD panels since 2002, the world 's largest television manufacturer since 2006 and world 's largest manufacturer of mobile phones since 2011.Samsung Electronics displaced Apple Inc. as the world 's largest technology company in 2011 and is a major part of the South Korean economy. In June 2014 Samsung published the Tizen OS with the new Samsung Z. For Samsung Electronics, 2003 was a watershed year. It successfully positioned itself as one of the world’s best and largest mobile phone manufacturer in the world.

    Read More

  • Marketing Strategy: Samsung Electronics Company

    1516 Words  | 7 Pages

    In this fast-paced industry, Samsung Electronics Company (SEC) has done a remarkable job in turning the company around and reaching a top-of-mind brand awareness over the past few years. The Samsung brand identity and values were poorly regarded up until the early 90s. The brand was positioned as a low-end electronics company that was mainly manufacturing consumer televisions and VCRs. Samsung was not able to compete with the industry’s leaders (i.e. Sony) in the global market. A positive change was needed to reinvent the company’s culture and brand position at that time.

    Read More

  • Advantages Of Samsung Pricing Strategy

    1561 Words  | 7 Pages

    Samsung implements the strategy of “ Red Ocean;” which shows that a firm gains competitive advantage by venture into the current market and constructing on the weaknesses of other competitors in the field of similar products. Thus, Samsung“floods the market with many products” which are made by other companies within short duration of time ( Travos,2002). It seems that Samsung made these new products through developing many of manufacturing products of its Smartphones. However, such attitude is considered to be as a massive cost advantage over other firms that make such product. Samsung has improved its “competition position internationally through developing its present competitive strategies” , through depending on the other manufacturers`

    Read More

  • Five Forces Analysis Of Samsung

    993 Words  | 4 Pages

    Porters Five Forces Analysis: Samsung Electronics  Introduction Samsung Electronics focuses in three specific areas; Consumer Electronics, IT & Mobile Communications and Device Solution. Porter’s Five Forces model has been used to analyse Samsung Electronics competitive position within the global market they operate in. By using this model, an evaluation of their current position will highlight which of the five forces are “affecting the intensity of competition in an industry and its profitability level” (Jurevicius, 2013). Nevertheless, when conducting analysis on an international company such as this, studying of market trends is already carried out thoroughly to ensure that they are fully aware of that market, in order to achieve success and maintain within it. With this in mind, it would be considered that Samsung Electronics would have a relatively good competitive advantage against other rival companies.

    Read More

  • Siemens Organizational Culture Analysis

    713 Words  | 3 Pages

    It is also important for Samsung to give a quality product to their customers to get their trust for an organization as If we improve the products through creativity, will build interest between the stakeholders. Samsung have a friendly environment and respect their staff. Varity: Increasing the hard work through various ways i.e: Samsung employee woman, disable and intermediated or matriculated. Samsung owes about 38% of females staff including two commissioned officers. In January 2001, Samsung started Female Counseling Center.

    Read More

  • What Are The Social Forces Of Samsung

    1109 Words  | 5 Pages

    1. Introduction Samsung first started as a South-Korean family owned business but has now earned acceptance around the globe now. Samsung has grown into a global information technology leader, managing more than 200 subsidiaries around the world. The company’s offerings include home appliances such as TVs, monitors, refrigerators, and washing machines as well as smartphones and tablets.

    Read More

  • The Laissez Faire Leadership Style

    1094 Words  | 5 Pages

    Samsung reacted to this case by focusing on hiring younger and more lavish employees that could target their innovations based on their needs, which is relatively the need of the market. In order to achieve this groundbreaking recognition using extended production in many electronic aspects, Lee, the manager of SAMSUNG, recognized the obstacles he is going to face in managing all of the crew working with him with great extent alone, so he

    Read More

  • Samsung: A Case Study: Cost Structure Of Samsung

    850 Words  | 4 Pages

     COST STRUCTURE OF SAMSUNG Low cost structure of Samsung and high responsiveness to economic events has made Samsung more competitive. For example, initially Samsung focused more on volume and domination on market rather than increasing profitability. However, in 1990s, during the Asian financial crisis, Samsung cut costs and reemphasized product quality and manufacturing flexibility, which allowed its consumer electronics move from project phase to store shelves within next six months. Under the resources-based view of strategic management, effective resources available to a firm, as well as the competency of a firm is responsible in affecting competitive advantage received by a firm.

    Read More

  • Samsung Manufacturing Strategy: Process Strategies

    732 Words  | 3 Pages

    Process Strategies The process strategies, for such a large manufacturing company, would need to be varied. The production process type would be determined by the product life cycle stage at that time (Thayer 2004).Product life cycles for items such as smartphones and tablets do not generally follow the standard life cycle stages. The maturity stage can be interrupted by discontinuation or irrelevance of a technology, which recommences the cycle (Giachetti & Marchi 2010). Incidentally, during the product life cycle of these items, a cyclic improvement of both process and product is required to stay in contact with market changes.

    Read More

  • Samsung Case Study: Samsung Business Strategy

    899 Words  | 4 Pages

    1.2. International expansion Samsung Electronics started as one of the biggest suppliers of international high-tech companies producing chip, battery and memory. After a few years of experience, they extended their activities for the public market by producing TV, screens, micro-waves and so on. Samsung takes advantage of their

    Read More

  • Samsung Target Market Analysis

    1213 Words  | 5 Pages

    Sensitive market to these kinds of products are commercial line and offices those has to get technological interface to attain day to day tasks. Samsung has contributed in so many innovative products to make users life easy such as tablets, mini laptops, and televisions to provide with the wide range of technology for personal use. Samsung is known for its colors and picture quality in the

    Read More

  • Samsung Competitor Analysis

    1724 Words  | 7 Pages

    Major competitor is Samsung electronics: let us do the detailed comparison with the brand: Samsung VS Apple Business model Samsung versus Apple in cell phones, tablets and other cloud access gadgets is a fight that is progressively exciting the creative energy of the business press and other industry spectators. It is additionally intriguing to watch the progressions that the battle is driving in the Samsung and Apple plans of action. The climb of Samsung Electronics is something we have been breaking down for quite a while. Home life report, The Rise of Korea in the Electronics Market, was distributed in 1988. And, after it’s all said and done, it was clear that Samsung was a breed separated and would turn into a noteworthy thistle in

    Read More

  • Case Study Of Samsung Electronics

    1016 Words  | 5 Pages

    Many people believe that Samsung is one company that produces all these products that we see the Samsung logo on them, but this is not true, as the Samsung Group has a large number of subsidiary companies, one of which is Samsung Electronics, the focus of our conversation. Samsung Group started its business in 1938, after almost thirty years, Samsung Electronics was founded, and was mainly produces TVs black and white cheap. In the seventies it acquired the semiconductor sector and a semiconductor, which defined the future of the company. The Samsung Electronics Co., one of the largest technology companies in the world in terms of revenue, and its branches are located and their plants and operations in 61 countries around the world and employs

    Read More

More about Characteristics Of Samsung

Open Document