ipl-logo

Management Strategy Of Samsung

1532 Words7 Pages

“
Arab Open University
Tutor Marked Assignment (TMA)-
PT3 Form for B301A
Academic Year 2016 - 2017 Semester: FALL -2016-2017
Branch: Oman Program: Business Studies
Course Title: Making Sense of Strategy I Course Code:B301A
Student Name:Hamed Khamis Talib AL-Fazari Student ID: 140493
Section Number: Tutor Name:
Mark Details Marks
Distribution Questions 1 2A B Total Marks
100
Weight 40 30 30

Marks Earned Total Marks
Earned

Penalty
Deductions
Criteria In text referencing 5 Referencing

5 Word Count

5 E-Library
5 Maxi. Penalty Deductions
20
Marks Deducted Total deductions

Student’s Net Marks (Total marks earned – Total deductions)= Student’s Net Marks Net …show more content…

Samsung’s primary focus is in the electronics, heavy industry, construction, and defense industries. Other major subsidiaries of Samsung include insurance, advertising, and entertainment industry businesses. Samsung is one of the largest businesses in Korea, producing nearly one fifth of the country’s total exports.
Company History:
Samsung was formed in 1938 by Lee Byung-chull as a trading company based in Su-dong. The small company started as a grocery, trading goods produced in and around the city as well as its own noodles. The company grew and soon expanded to Seoul in 1947 but left once the Korean War broke out. After the war, Lee expanded in to textiles and built the largest woolen mill in Korea.
The successful diversification became a growth strategy for Samsung, which rapidly expanded in to the insurance, securities, and retail business. Samsung was focused on the redevelopment of Korea after the war with a central focus on industrialization.
Samsung entered the electronics industry in the 1960's with the formation of several electronics focused divisions. The initial electronics divisions included Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning, and Samsung Semiconductor & …show more content…

He has taken a Western viewpoint.
The way he has done so is to place certain approaches to strategy in four decades: Classical, Evolutionary, Processual and Systemic. Theories are short-cuts to actions. They contain our basic assumptions about key relationships in business life. The Classical Approach: approach, the oldest and perhaps most influential, relies on rational and deliberative approaches to strategy and planning. Evolutionary Perspectives on Strategy: approach draws on the metaphor of biological evolution, while substituting the discipline of the market for the law of the jungle.
Processual Approaches to Strategy: approach being more pragmatic, emphasizes the need to accommodate the imperfect nature of all human life, including the fallible processes which surround organizations and markets.
Systemic Perspectives on Strategy: approach is relativistic, regarding the ends and means of each particular strategy as linked to the culture and power of the local systems in which the strategy is

Show More
Related

  • Phi 210 Final Exam

    447 Words  | 2 Pages

    The following questions are intended to test your knowledge and understanding of the course syllabus. Answer each question with a full and complete sentence. What are the only approved methods of electronic message communications regarding this class? What day of the week and time of day have been assigned for the submission of the weekly reports?

    Read More

  • Rst1 Task 3

    1456 Words  | 6 Pages

    3. When presented with a list of ten items, the student will compare the value of ten items on a grocery list while spending less than $15.00 referencing whether or not the items are needs or wants. They will obtain only the necessary materials and recording the completion at 85% accuracy, across ten consecutive

    Read More

  • President Reagan Military Strategy Essay

    537 Words  | 3 Pages

    There is a great deal of risk in the strategy spoken by President Reagan because of the imbalance between ends, ways and means. Lykke provides a conceptual framework and vocabulary for describing risk in strategy in his “three-legged stool” model. His main point is that a balanced strategy is solid, but if ends, ways, or means are not aligned, the strategy incurs risk (Reading C203 D, p. 4). In the spoken strategy there is especially an imbalance between the ends, ways and means to the desired end of a unified and free Europe. The ways in the strategy is only directed towards the city of Berlin.

    Read More

  • CMSS 412: Case Manager Assignment Guidelines

    233 Words  | 1 Pages

    Case Manager Comments: Reed, It seems to me that you have developed a routine to work on your assignments and prepare for your tests and exams. I have seen you coming to Achieve more often and working with your tutors; however, I think that you need to come even more often. I am sure that you are more than capable to make your grades up, but more work needs to be done. CMST 382 – Research Methods Public Comn: These are the grades your instructor has posted in D2L to date.

    Read More

  • Civil Rights: Discussion Questions

    471 Words  | 2 Pages

    4. Open your book to page 1128. Study the two charts on that page. Read that page. Answer the following questions.

    Read More

  • School To Prison Literature Review

    1215 Words  | 5 Pages

    Therefore zero-tolerance policies have not had the outcome that politicians have hoped for and should be examined for the effects that they have had on our students. The purpose of this study will be to examine discipline suspensions and expulsions, attendance, and poverty to determine if there is a correlation between these and the graduation rates. In an article by Nirvi Shah (2011), there is discussion about the effects of zero-tolerance policies. Nirvi Shah continues by saying, “Over the past two years, an increasing number of reports and initiatives have pointed out

    Read More

  • Ohio State Academy Pros And Cons

    573 Words  | 3 Pages

    Secondly, the student must not neglect his or her college coursework which has the potential to significantly decrease both the student’s high school GPA (grade point average) and college

    Read More

  • Correlation Analysis: Nt1310 Unit 6 Assignment 1

    908 Words  | 4 Pages

    The dataset used in the analysis is the grades.dat; it was used to analyze the performance of the students in the GPA and the final. The dataset includes information collected from the survey of 105 students and includes variables such as performance and demographic variables. The variable GPA measures the performance

    Read More

  • Acc3110 Unit 2 Assignment 2

    105 Words  | 1 Pages

    In question 3, problem 8: It’s a rounding, my answer is $14,172,726, and the correct one is $14,172,727. I also greatly appreciate your help and the advice you gave me regarding my academic standing in your class. It’s not very common to have a professor who cares about students, I’m glad our class has one who does.

    Read More

  • Essay On Japanese Imperialism

    712 Words  | 3 Pages

    After the war, in 1948, Korea was split in two. The Republic of Korea, controlled by the Allies, and the Democratic People’s Republic of Korea, ruled by the Soviets. Both considering themselves the ruling government there was tension which led to North Korea’s invasion of the South on June 25th, 1950. This sparked the Korean war between the American and the Vietnamese. In 1953 the war was over and Korea was still split in two with a De militarized zone in between.

    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

  • Porter's Five Forces Of Twitter

    903 Words  | 4 Pages

    Porter Five Forces is a holistic strategy framework that took the strategic decision away

    Read More

  • Strengths And Weaknesses Of Reading Assessment

    998 Words  | 4 Pages

    2. After analyzing the student’s reading assessments, list two reading skill deficits and explain why you selected these as deficits using information from the reading assessments. Be sure to include assessment data in your justification. Skill Deficit #1:

    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

  • Kfc Differentiation Strategy

    900 Words  | 4 Pages

    He emphasized that businesses should strive to achieve one of the generic strategies in order to achieve a competitive advantage but Henry Mintzberg disagreed with this idea and in 1994, came up with the concept of Emergent Strategy. He argued that the organisations with constantly changing business environments need to be flexible in order to benefit from various opportunities. In his article “The fall and rise of strategic planning” Mintzberg argues that strategic planning often spoils strategic thinking, causing managers to confuse real vision with the manipulation of numbers (Mintzberg, 1994). He adds “Strategic planning, as it has been practiced, has really been strategic programming, the articulation and elaboration of strategies, or visions, that already exists”.

    Read More

More about Management Strategy Of Samsung

Open Document