Samsung 's history dates to 1938 when "Samsung General Stores" opened in North Kyung-sang Province, Korea. The company conducted its trade business until the 1950s when it became a producer of basic commodities such as sugar and wool. In 1958, Samsung be-came involved in the insurance industry by incorporating a local fire & marine insurance company. During the 1960s, Samsung became one of the first Korean companies to actively expand its overseas trade. The group consolidated its manufacturing base by adding paper and fertilizer businesses.
In terms of investment, product and technology development and marketing, Samsung has contributed in expanding the frontier of Korea’s electronics industry (Yu, 1998). In 2005, Samsung Electronics (subsidiary of Samsung Group) became the largest conglomerate (chaebol) in Korea and its net sales reached $140.9 billion in 2005 and a net income of $9.4 billion. Having their headquarters in Seoul itself, the group has 337 offices and facilities in 58 countries. Samsung also employed over 220,000 people worldwide. It has 14 listed companies in the group as well as three core business sectors, namely electronics, finance along with trade and services (Lee and Slater,
Realizing Samsung’s strength, weaknesses, opportunity and threats (SWOT), makes one wonder what’s the company’s goal. Samsung’s goal, or what they call Vision 2020, is to generate $400 billion in sales by the year 2020, which would bring them to the same level as Walmart. As one of the largest global brand who produces various products, this is possible for Samsung to accomplish. Furthermore, Samsung Electronics is fostering a medical and bio-business as a core business for the future, as well as, create bio medicine business to expand their sales by
Good afternoon everyone, today I want to talk about Samsung company, first, we talk about Samsung Culture. Samsung Electronics Co. is Wholly Owned Subsidiary of Samsung Group (South Korea) .Samsung Group is South Koreas largest company and exporter and the 5th largest transnational corporation in the world.Samsung was Founded in 1936 and byung chull lee is the Founder of it and entered Indian Market in the year 1995 and Samsung Brand shop network complements the over 8500 retail points for Samsung products located across the length and breadth of the country. The Chairman of Samsung is Lee Kun Hee and headquarters is in Seoul in South Korea. Samsung Ltd., operates in more than 63 countries and the chief subsidiary of South Korea 's giant
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.
Realizing the potential sales from international market, Samsung began to export its products causing diversity and growth to their business globally. Creating a global brand and image was critical to sustain and compete in the global market. Samsung became the official sponsor for the 1988 Olympics held in South Korea. This opened doors for Samsung to be recognised as a global brand. Today Samsung has sales networks and assembly plants in 80 countries with 370,000 employees worldwide.
Samsung Changing the Electronics Industry since 1960s Samsung, founded in 1938 by Lee Byung Chul, has followed a strategy of diversification since its inception. It started as a trading company, but within the next 3 decades had moved into myriad sectors like retail, textiles, insurance & securities. It followed this strategy of diversification even more rigorously post 1950s when it entered into the electronics industry in 1960s and post that into construction & ship building industry. This can be considered as a major turning point in Samsung’s history as electronics generate the most revenue for the company now. But another major change happened in the company structure post its founder’s death.
Samsung is the global leader in electronics. It has become this way by getting a jump start on new and innovative ideas way ahead of its competitors. They have a very strong business practice on surpassing its competitors. Some of the practices are great and others could be bad for the company in the long run. They are trying to become a monopoly over the electronics industry.
HISTORY & OWNERSHIP • After moving from Uireyeong Region to Daegu city, Lee Byung Chull established Samsung Sanghoe in 1938. • It was in late 1960’s when Samsung Group came into gadgets business. • It framed a few hardware related divisions, for example, Samsung Semiconductor and Telecommunications, Samsung Electro-Mechanics, Samsung Corning, Samsung Electronics Devices and made the office in Suwon. Its first item was a high contrast TV. • It is today mainly known for its Mobile phones • It has its headquarters in Suwon, South Korea • Its revenue is 305 billion USD .
Table of cantant Introduction……………………………………………………………………2 Samsung products…………………………………………………………….3 Negative ethical aspect…………………………………………………………5 Positive ethical aspect…………………………………………………………..6 Ethical theories………………………………………………………………….8 Conclusion……………………………………………………………………….9 References……………………………………………………………………….10 1. Introduction Samsung it’s a south Korean company specializing in the electronics industry . it was the first Korean name in the industry , found in 1 _3_ 1938 by Lee Byung-Chul in San Diego , the company have several offices around the world in 58 country . Samsung has emerged as a major player in the world of electronics industry in the world since its founding in 1969. Samsung Electronics today includes