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Essay / Overview of Company History and Management Strategies of Samsung Company
Samsung is a multinational corporation incorporated in the Republic of Korea and is a multinational corporation. The company has several subsidiaries. The companies are grouped under the Samsung brand. Founded in 1938, the company is active in the food, textile, electronics, industrial, shipbuilding and many other sectors. The company has a strong influence on South Korea's development, politics, media and economic culture. Its revenue represents 17% of the country's total revenue of US$1.082 trillion. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay The company has sponsored many sporting and arts events and sports clubs such as Chelsea for 10 years since 2005. This is the most large manufacturer of mobile phones and the second largest manufacturer of semiconductors, semiconductors and segments. Since 2006, it has been the largest manufacturer of televisions and LCD screens. The Samsung Group is present in many sectors, including heavy industry, shipbuilding and even the construction of skyscrapers like the Khalifa Tower in Dubai. Services and products offered by Samsung: Phone systems Security solutions Cabling service Integrated data solutions Conference room multimedia solutions and home theater solutions Smart phones Computers and laptops Electrical products. Case of competition at SamsungSamsung has followed a different strategy in its work compared to other competitors in South Korea. Early on, I realized the importance of research and development in the business and wanted to be recognized worldwide as a global brand. In the 1980s, the company focused on manufacturing high-quality products, while most competitors focused on large-scale production. production to meet growing demand regardless of product quality. Samsung has reinvested its profits in R&D and improved the supply chain to ensure that markets are supplied with high-quality products without interruption. In the long term, Samsung planned to invest in innovation, brands and specialty products, while Korean competitors focused more on short-term goals such as maximizing product profits.Management strategies and process/operations modelsLong-term orientation: Samsung has changed its mindset from a company aimed at short-term goals to a company focused on long-term goals. In 1993, Samsung changed its logo and the company name was written in English in order to attract the attention of consumers around the world. Commitment to manufacturing: Samsung confirms that its manufacturing is one of the central points of its business model. Flexibility: Samsung factories are spread not only in South Korea, but also have factories in China and India to take advantage of cheap labor, bring them closer to their headquarters and provide transportation and delivery capabilities. international shipping. Focus on hardware: Samsung has decided to distance itself from the development of software, systems and content in order not to fall into the spiral of piracy and intellectual property rights and others. So I focused entirely on the hardware industry. Today, they can develop new products and technologies more efficiently without relying on external suppliers. Miscellaneous Products: It is clear that a company the size of Samsung".