Samsung was founded in 1938 in Korea as a trading company. It expanded into industries like sugar refining and textiles. In the 1960s, Samsung entered electronics and built its first TV factory in 1970. It began exporting color TVs in 1977. In the 1980s, Samsung invested heavily in R&D and expanded globally. By the 1990s, it grew as an international electronics corporation. Currently, Samsung has over 325,000 employees worldwide and focuses on electronics, engineering and chemicals with a vision of inspiring the world through innovation.
SAMSUNG: Comprehensive Strategic Analysis from International Business Managem...Aziza Zaldarriaga Sadain
Provides a comprehensive strategic analysis from the perspective of international business management in regards with Samsung.
The outline is written below:
Overview: Current Global Performance of Samsung and Business Models
Comprehensive Strategy Formulation (Input Stage)
Comprehensive Strategy Formulation (Matching Stage)
Comprehensive Strategy Formulation (Decision Stage)
Analysis of Business Strategy: Organizational Culture
Politics of Strategy Choice & Governance Issues; Current Challenges
Conclusion
Samsung is a South Korean multinational company headquartered in Samsung town, Seoul.
Samsung was founded by Lee Byung-chul in 1938 as a trading company.
Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail.
Samsung entered the electronics industry in the late 1960s
A PESTEL analysis is a framework or a tool used to analyze or monitor the macro-environment or external factors that may have a profound impact on the performance of the organization.
In this presentation we have discussed about the
Strength, Weakness, Opportunity, Threats (SWOT).
We have also discussed about the major cause of downfall of Nokia.
SAMSUNG: Comprehensive Strategic Analysis from International Business Managem...Aziza Zaldarriaga Sadain
Provides a comprehensive strategic analysis from the perspective of international business management in regards with Samsung.
The outline is written below:
Overview: Current Global Performance of Samsung and Business Models
Comprehensive Strategy Formulation (Input Stage)
Comprehensive Strategy Formulation (Matching Stage)
Comprehensive Strategy Formulation (Decision Stage)
Analysis of Business Strategy: Organizational Culture
Politics of Strategy Choice & Governance Issues; Current Challenges
Conclusion
Samsung is a South Korean multinational company headquartered in Samsung town, Seoul.
Samsung was founded by Lee Byung-chul in 1938 as a trading company.
Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail.
Samsung entered the electronics industry in the late 1960s
A PESTEL analysis is a framework or a tool used to analyze or monitor the macro-environment or external factors that may have a profound impact on the performance of the organization.
In this presentation we have discussed about the
Strength, Weakness, Opportunity, Threats (SWOT).
We have also discussed about the major cause of downfall of Nokia.
Eastman Kodak Company
Haley Duell
5/12/2016
BUS/475
Eastman Kodak Company
The consumer electronic field is a great and also equally competitive business area. Different companies usually design different techniques to and outsmart their fellow business counterparts. They do this via developing various business promotional methods and marketing designs. Companies normally review their marketing strategies from time to time in order to ensure that they make maximum profits in their businesses, the do this due to changing internal and external factors of their business enterprises that they view as factors that slow their advancement. Most of the marketing departments have the likelihood of considering their consumers wants, they have a tendency to make or design products that are very much appealing and motivating to their customers. They do this to ensure customer satisfaction and ultimately they do this to ensure that their company makes maximum profit. Most of the marketing departments try to understand consumer feedback concerning their products therefore they have set up forums to ensure that they get the consumer feedback in order to think of even more interesting strategies that will ensure the companies maximum profit and sustainability in the market. To increase its competitiveness in the industry, the company should produce a new middle range smart phone in the market,
1.1 Brief Description of the company
Eastman Kodak is part of one of the growing largest multi-billion dollar corporations in the world. In 2007 it exceeded the $100bn mark in annual sales for the first time in its history. This makes it one of the world's top three companies in the electronics industry where only two other companies, Siemens and Hewlett-Packard, have posted larger revenues. The name Eastman Kodak literally means grow Group’s dominance in two further sectors: Eastman Kodak Heavy Industries and Eastman Kodak Engineering and Construction. If you are talking innovation in Eastman Kodak walks the walk and is now the established leader in consumer electronics, providing a range of leading-edge premium products and, in their own words, ‘leading the digital convergence revolution’. In so doing Eastman Kodak has made a remarkable transformation from copy-cat manufacturer to become Asia's most valuable technology company.
1.2 Organizational Structure
As of 2013, Eastman Kodak Electronics has established 15 regional headquarters, 54 global sales offices, 38 global production facilities and 34 global R&D centers.
Eastman Kodak consists of three main divisions: Consumer Electronics, IT & Mobile Communications and Device
Solution
s. Each division consists of several subsidiary divisions.
1.3The product being offered
To increase its competitiveness in the market, the company should introduce a new mid-range smart phone, Blast, targeting the middle class consumers and the teenage population in third countries who are the largest consumers of mobile ...
This is my assignment which is given in business policy and strategic management.the topic of this assignment is organisation appraisal of samsung electronics.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. History
With only 30,000 won (about $27 USD), Lee Byung-chull started Samsung on
March 1 in 1938, as a trading company based in Taegu, Korea. The small
company of only 40 employees started as a grocery store, trading and exporting
goods produced in and around the city, like dried Korean fish and vegetables, 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 started a sugar refinery in Busan that was called
Cheil Jedang, before expanding into textiles and building the (then) largest
woolen mill in Korea.
3. Continue…
Samsung entered the electronics industry in the 1960's with the formation of several
electronics focused divisions.
Samsung built their initial facilities in Suwon, South Korea, in 1970, where they started
producing black and white television sets.
Between 1972 and 1979, Samsung began selling washing machines, changed to Samsung
Petrochemical and then Samsung Heavy Industries.
In 1977, they started exporting color TVs and established Samsung Construction, Samsung
Fine Chemicals, and Samsung Precision Co.
In 1980, Samsung entered the telecommunications hardware industry.
4. Continue…
The mobile phone business was grouped together with Samsung Electronics which began
to invest heavily in research and development throughout the 1980's. During this time
Samsung Electronics expanded to Portugal, New York, Tokyo, England, and Austin,
Texas.
In 1987 with the death of Lee Byung-chull, the Samsung group was separated into four
business groups leaving the Samsung Group with electronics, engineering, construction,
and most high-tech products. Retail, food, chemicals, logistics, entertainment, paper, and
telecom were spun out among the Shinsegae Group, CJ Group, and Hansol Group.
Samsung grew as an international corporation throughout the 1990's.
5. Continue…
In 1993, Samsung began to focus on three industries electronics, engineering, and
chemicals.
Sony partnered with Samsung in 2006 to develop a stable supply of LCD panels for both
companies.
While the partnership was nearly a 50-50 split, Samsung owned one share more than
Sony, giving them control over the manufacturing. At the end of 2011, Samsung bought
Sony's stake in the partnership and took full control.
As on 31st Dec 2015, Samsung had 325, 677 employees in 80 countries, with 6 design,
34 R&D (research and development), 38 production and 53 sales & distribution centers
strategically located in various parts of the world.
6. Vision 2020
"Inspire the World, Create the Future"
The Vision 2020 is at the core of our commitment to create a better world full of richer
digital experiences, through innovative technology and products.
The goal of the vision is to become a beloved brand, an innovative company, and an
admired company. For this, we dedicate our efforts to creativity and innovation, shared
value with our partners, and our great people.
We have delivered world best products and services through passion for innovation and
optimal operation.
We look forward to exploring new business areas such as healthcare and automotive
electronics, and continue our journey through history of innovation.
Samsung Electronics will welcome new challenges and opportunities with joy.
7. Mission
Inspire the world with our innovative technologies, products and design that
enrich people’s lives and contribute to social prosperity by creating a new future.
8. PESTEL analysis
Political
Mallard (2015) has highlighted the role of governments using political influence to attract
foreign direct investment. Thus, political influence will be a major factor for companies like
Samsung when setting up production bases in countries, either to obtain favorable tariffs or
get excise duty exemptions. Reuters (2017a) have reported that Samsung is under pressure
from the US government to set up a production base in USA. The recent arrest of Samsung’s
Vice Chairman, Lee Jae-Young (The Guardian, 2017), in a corruption scandal shows that
politics plays a significant role in how businesses are run.
9. Economic
Consumer electronic products have shorter life-cycles due to the speed of technological
obsolescence (Torresen and Lovland, 2007), and companies have to price new products at a
high price to be able to breakeven quickly. The consumers in developed countries have the
buying power to afford new electronic products.
10. Socio-economic
The changes in the life-style of consumers, due to the fast pace of modern life, has seen
increase in ‘impulse’ buying of products, driven by the sense to achieve instant gratification
(Mittal, Sondhi and Chawla, 2015). In addition, Park, Jun and Lee (2015) have concluded in
their study that mobile phone shoppers are impulse buyers, and have a high consideration for
the product price, since they perceive effort and time spent in buying as a cost.
11. Technological
Wang and Ahmed (2001) mention that a firm’s dynamic capabilities depend upon market
dynamism, and this drives the firm to develop core capabilities over a period of time. The
consumer electronics industry is dynamic, driven by technological innovation, especially in
mobile products (smartphones, tablets, wearables) and televisions (curved, SUHD, OLED),
which means that to achieve core capabilities, companies have to make significant
investments in production technology and R&D.
12. Environmental
Chopra and Wu (2016) mention that the directives like 2003 RoHS (Restriction in use Of
Hazardous Substances) in the EU, and increased emphasis on Climate Change, has seen an
increase in eco-announcements from companies in the computing and electronics, who are
beginning to view the use of eco-friendly materials and systems in their products as a
competitive advantage.
13. Legal
The ‘electronics and computing industry’ is dependent on technological innovation,
which means that protecting IP (intellectual property) is a key issue, and companies
have to ensure that competitors do not take advantage by copying or imitation. In
addition, product safety issues can affect the company’s reputation and impact
product sales (Chen, 2004).
Bloomberg (2016) reported that Samsung China have been ordered to pay CNY80
million (US$ 12 million) to Huawei for a patent infringement.
15. Samsung Electronics’ competitive
advantage
Technology research and product development capability, with 34 R&D centers in
various parts of the world.
Human resources talent, with 50,000+ research scientists, engineers and product
designers (Samsung, 2017c), comprising 16% of the employee work-force.
Brand value of “Samsung” as a super brand, with a valuation of US$ 51.81 million and
ranked 7th in the world in 2016 (Interbrand, 2016).
16. Key success factors
Low cost of production (for contract manufacturing only)
Investment in production facilities
High investment in R&D
Availability of talent (scientists and designers)
21. Conclusion
The depreciation of the KRW (Korea Won) by 8.88% against the US$ in Q4-2016, helped
Samsung post a year-on-year 0.60% increase in revenues in 2016. In addition, the devaluation
of Euro by 10% in 2014 was a major contributing factor for the lower revenues from Euro
area (Euro area = EU27, excluding UK), and there was considerable increase in competition
from local players in China (Xiaowen, 2016).
It can be concluded that Samsung did not change its corporate strategy even when revenues
started decreasing in 2014, and instead made business unit level strategic moves, like
increasing ‘contract manufacturing’ for stabilizing revenues and increasing profitability. For
long-term sustainability, considering that the ‘electronics and computing industry’ is reaching
a maturity stage, it is essential for Samsung to gain a foothold in retailing and derive
maximum product value, especially for high impulse products like mobile smartphones.
Instead of the existing slow ‘organic’ growth route chosen by Samsung, the study
recommends a faster ‘acquisition’ mode, which will also help Samsung in increasing customer
engagement, thereby helping in forecasting lifestyle trends for new product development.