FARHOOMAND SAMSUNG ELECTRONICS: MANAGING INNOVATIONS IN AN ECONOMIC DOWNTURN At Samsung Electronics‚ we believe that crises are opportunities for innovation and that change is about action. It takes a different kind of strategy to navigate tough economic times and become one of the world’s leading companies. And we have what it takes to get there.1 This is a time of real crisis. Global companies are crumbling. We don’t know what will happen to Samsung either…Within 10 years‚ all Samsung products may
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10 FUN FACTS ABOUT SOUTH KOREA 1. Fruit is a luxury item. Fruit in Korea is already absurdly expensive‚ but especially due to the high levels of rain as of late‚ it’s costing Koreans even more than normal. (What is one of the most expensive fruits? WATERMELON – at about 30‚000 won‚ which is equal to about $30.00 in Canada.) 2. Koreans eat SPAM like it’s going out of style. Why is it so popular? Well‚ during the war‚ soldiers were supplied with a lot of canned foods‚ so they ended up creating something
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Assignment 1: Samsung electronics Q1 Samsung electronics is a world renowned company for its innovative electronics products. Samsung was found first by Mr. Lee Byung-chull in 1938 was first a trading company‚ slowly the company diversified into different area examples like retails‚ securities‚ textiles‚ insurance and food processing. Samsung only managed to enter the electronic market in the late 1960’s followed by the death of Mr. Lee‚ Samsung split into 4 different major companies Samsung‚ CJ‚ Hansol
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MARKET ANALYSIS AND CUSTOMERS With a CAGR of 10 %‚ global market value for computing electronics application sector is anticipated to be worth US$436.7 billion by 2018. On a global scale‚ Asia-Pacific accounts for more than 35% of the market share. While US accounts for the largest share of the global market value on a country basis‚ India and China surpasses the US in terms of growth rate anticipated in the near future. Among the application sectors‚ Computer Peripherals account for the largest
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www.lg.com Product Authentication program Dear Customers‚ To protect all LG customers from counterfeit and grey market products and make sure that you receive official warranty service‚ LG is now running a product authentication program. To make sure your handset is a genuine product of LG‚ ONLY one SMS containing the IMEI No. of your purchased handset will be automatically sent to LG on the date of purchase. LG will bear the cost of one SMS for the product authentication program. For promotion
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of lgStrategic Decisions - Definition and Characteristics Strategic decisions are the decisions that are concerned with whole environment in which the firm operates‚ the entire resources and the people who form the company and the interface between the two.Characteristics/Features of Strategic Decisions a. Strategic decisions have major resource propositions for an organization. These decisions may be concerned with possessing new resources‚ organizing others or reallocating others
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Contents Page Introduction 3 Samsung Products 3 Macro Environmental Analysis 4 Economic Issues 4 Political/Legal Issues 4 Technological Issues 4 Social/Cultural Issues 4 Environmental Issues 5 Industry Analysis 5 Threat of New Entrants 5 Bargaining Power of Suppliers 5 Bargaining Power of Buyers 6 Power of Substitutes 6 Industry Rivalry 6 Internal Analysis 6 Resource Analysis 6 Dynamic Capabilities Analysis 7 Strategic Capabilities Analysis 7 VRIO/ Core Competencies 7 Gap Analysis 8 Macro-Environment
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Samsung Electronics Co.‚ Ltd. is a global leader in semiconductor‚ telecommunication‚ digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 164‚600 people in 179 offices across 61 countries‚ the company consists of two business units: Digital Media & Communications and Device Solutions. Recognized as one of the fastest growing global brands‚ Samsung Electronics is a leading producer of digital TVs‚ memory chips‚ mobile phones
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phones dominant in the technology market as people depend on it in their daily lives. Especially in a fast-paced society of that in Singapore‚ where the demand for smart phones is ever increasing to meet and satisfy new needs of consumers‚ the high-end smart phone makers are struggling to keep up with such demands. Samsung has successfully penetrated the market to be one of the leading smart phone brands globally. Known for its cutting edge technology‚ Samsung is able to keep up with demands of
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of products from manufacturers to customers | | 2 | Sales force Organogram | | Executive Summary LG Electronics India Pvt. Ltd.‚ a wholly owned subsidiary of LG Electronics‚ South Korea was established in January 1997 in India. It is one of the most formidable brands in consumer electronics‚ home appliances‚ IT hardware and mobile communications space. In India for a decade‚ LG has earned a premium brand positioning and is the acknowledged trendsetter for the industry with fastest ever
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