was Samsung able to go from copycat brand to a product leader? When in 1993‚ Samsung’s CEO Lee decided to create a new type of management. he viewed this as a huge strategy for the company. The goal this new management had was to basically dethrone Sony and make Samsung the #1 company in selling electronics in the world. Samsung hired a group of innovative and young inventors to help come up with new ideas and products that would have success in the market‚ targeting high-end users. Samsung also
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Financial report : Introduction : The first Samsung’ Smart Tv has been launched in 2010 and because of this reason‚ we can’t provide a financial report of 3 years. On the other hand‚ the use of smart tv’s financial reports are really restricted and you have to buy the book ¨Global Smart TV Market (2011 – 2016) Critical Capability‚ Use Case Analysis & Forecast By Accessories‚ Platforms‚ Middleware‚ Application & Geography¨ that provide all the informations about different companies
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Another key factor in understanding problems faced by Samsung in dealing with the new generation of “digital natives” is to understand not only broad national traits mentioned before‚ but specifically the work ethics prevalent in Korean businesses. The case mentions that South Korea has the longest working week hours among all OECD countries. But this information appears dry until you realize specific reasons why those hours are so long. Some of the examples are: Our recommendation in hiring an
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Capital Structure : Samsung and Intel 1 | | Samsung Electronics | | Intel | | 1997 | 1998 | 1999 | | 1997 | 1998 | 1999 | Assets | 32‚035 | 24‚105 | 29‚178 | | 28‚880 | 31‚471 | 43‚849 | Liabilities | 27‚386 | 19‚016 | 16‚004 | | 9‚585 | 8‚094 | 11‚314 | Shareholders’ Equity | 4‚649 | 5‚089 | 13‚174 | | 19‚295 | 23‚377 | 32‚535 | | | | | | | | | Debt/Equity | 5.89 | 3.74 | 1.21 | | 0.50 | 0.35 | 0.35 | Debt/Capitalization | 0.85 | 0.79 | 0.55 | | 0.33 | 0.26 |
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which resold them under their own brand names Known for selling high-quality‚ innovative products under the Samsung brand Very little value placed on marketing and the importance of branding Samsung greatly values marketing and it has now become‚ next to R&D‚ the largest expense on their books Unable to attract the best scientists and engineers to work on product development Samsung spends Billions annually on R&D in facilities in Korea and abroad giving designers and engineers the support needed
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Samsung Electronics Questions 1. Why should Samsung globalize? Globalization should consider as Samsung’s second strategy‚ as Kim mentioned in the article. The world becomes a single market‚ which is associated with globalized resources and systems. Globalization should consider as a beneficial and efficient plan for the company. First of all‚ when Samsung goes global‚ Samsung can gain greater market share‚ increase sales and profits. In the case study‚ the article mentions that not only there’s
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Group 2 Samsung Electronics Executive Summary Recent quality related issues have put Samsung Electronics‚ one of the world’s largest technology companies at risk. These quality concerns‚ spiked through recent recalls and external complaints‚ have generated a flow of bad news coming to the desk of quality director Kevin Sarni. The issues most commonly found within the complaints related to display issues‚ customer service support‚ faulty electric components‚ audio‚ and safety. Of the main
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Case Study 26: Samsung Electronics 1. The five dimensions of Entrepreneurial Orientation are key factors that firm’s practice in order to be successful in an industry. These five factors consist of autonomy‚ innovativeness‚ proactiveness‚ competitive aggressiveness‚ and risk taking. The first dimension‚ autonomy‚ describes how an independent action by a person or a team working on project has a vision or concept for a business and develops the plan and carries it out‚ onto completion. The second
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MAGISTER MANAGEMENT UNIV. MERCU BUANA STUDY CASE MARKETING MANAGEMENT Samsung Electronics Company : Question for Study Case discussion: 1. What are the ingredients of SEC’s corporate turnaround strategy? What are the implications for marketing mix policies? 2. How strong is the Samsung brand? Can Samsung pass Sony and become a top ten global brand? 3. As Chief Marketing Officer‚ what are Kim’s role and responsibilities? 4. What does Samsung (and Kim) have to do to become one of the top ten brands
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Case Analysis for Samsung Electronics 1. What is SMIC’s strategy? Should Samsung be concerned about SMIC? SMIC seems to execute the same kind of strategy Samsung used before to succeed. The strategy is selling their products at low prices and growing their market share at the expense of profitability. SMIC may threaten Samsung’s business in the future‚ but not too much. Although SMIC can get many resources‚ such as cheap funds and lands from Chinese government and foreign investors‚ SMIC
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