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Essay On Samsung Core Competencies

1113 Words5 Pages

1. Core competency can be defined as a coordinated combination of numerous resources and skills that differentiate a firm in the marketplace. Inputs to a firm in the production process are resources. It can be human, financial, technological, physical or organizational. The more unique, valued and firm focused the resources are, the more probably the firm will have core competency. Resources should be used to build on the strengths and remove the firm’s weaknesses. Capabilities refer to organizational skills at in cooperating its resources so that they can be used more capably and effectually. Organizational capabilities are generally a result of organizational system, processes and control mechanisms. These are intangible in nature. Core competencies help an organization to discriminate its products from its competitors as well as to reduce its costs than …show more content…

Samsung is a South Korean multinational company having its headquarters in Samsung Town, Seoul. At first the group diversified in to areas including food processing textiles, insurance, securities and retail. By 1960’s Samsung entered in to electronics industry and shipping and construction in 1970’s. Since 1990 Samsung has increasingly globalized its activities particularly mobile phones and semi-conductors become its most important source of income. Notable Samsung industrial associates include Samsung Electronics (the world's 2nd largest information technology company measured by 2015 revenues, and 5th in market value), Samsung Heavy Industries (the world's 2nd largest shipbuilder measured by 2010 revenues), Samsung engineering and Samsung c& t (respectively the world's 13th and 36th largest construction companies).Other Important subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company), Samsung Ever land (operator of Ever land Resort, the oldest theme park in South Korea) and Cheil Worldwide (the world's 15th largest advertising agency measured by 2012

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