analysis of the Samsung company because I spend a full year in South-Korea‚ from july 2011 until august 2012. Hence‚ Samsung is an extremely important conglomerate in this country‚ working there is for many considered as a « dream-job » and furthemore produce as much as 20% as the country total exports. Samsung is well known for their electronic product created by the electronic subsidiaries of the company‚ Sansung Electronics. Their flagship phone‚ currently being the Samsung Galaxy S3 sold over
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Founded Samsung Introduction-2 Important points‚ 1970’s subsidized‚ In 1938‚ Samsung began as a small business trading produce and consumer goods. Almost 70 years later‚ Samsung has transformed itself into a global powerhouse whose superior products and services now range from semiconductors and LNG ships to fine chemicals and financial services‚ just to name a few. 1938-1970 Samsung Beginning On March 1‚ 1938‚ founding chairman Byung-Chull Lee started a business in Taegu‚ Korea with 30
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1994-1996 Becoming a Global Force New Management is more than a mere re-engineering of SAMSUNG but rather an entire revolution dedicated to making world-class products‚ providing total customer satisfaction‚ and being a good corporate citizen. In retrospect‚ New Management was a decisive turning point for SAMSUNG‚ the moment when the entire company was repositioned on the basis of "Quality first." During this period‚ 17 different products - from semiconductors to computer monitors‚ TFT-LCD screens
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customer needs has generated a positive synergy for Samsung allowing the company to charge a premium for their niche component architecture. This competence of creating over 1‚200 different products has given rise to a series of interrelated reactions that are hard to imitate (inimitable) by others but are continually replicated by Samsung (appropriable). In this practice Samsung has developed close relationships with customers that are relying on Samsung as a partner in the development of specific memory
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Case Study of Samsung’s Mobile Phone Business Boon-Young Lee∗ aliceboon@kdischool.ac.kr and Seung-Joo Lee∗∗ sjl@kdischool.ac.kr Abstract: This paper examines Samsung Electronics successful growth strategy in the mobile phone business. It examines its early efforts at developing a competitive product in the domestic market‚ its globalization strategies‚ and some of the key challenges it faces today. The paper provide insights into how a late-comer to an industry can overcome certain
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and Haagen-Dazs ice cream. These are two rival brands at the top end of the market. I decided to write about ice cream because it is very popular and there is lots of information available about them. They also both have good marketing and promotional strategies. I chose to write about Haagen-Dazs‚ as it is the best known ice cream. It is the number one super premium ice cream with 43 % of the market share. It is quite expensive as it is about £5 for a carton on the ice cream but it is very nice
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Apple’s Mobile Future: Corporate and Business Strategy June 16th‚ 2010 For my final undergraduate business paper‚ I wrote an analysis of Apple as it transforms into a mobile company. I am posting it here in its entirety (except for financial exhibits) below. Especially since they released the iPhone in 2007‚ Apple has been spectacularly successful. In 2009‚ sales totaled more than $36 billion‚ compared to just $5.3 billion in 2001‚ and their market capitalization is nearing Microsoft’s. This
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11/25/13 SAMSUNG ELECT LTD(F) (SSNLF): Samsung’s New Strategy Is A Worry For Apple - Seeking Alpha Samsung’s New Strategy Is A Worry For Apple Nov 25 2013‚ 00:07 by: Vivek Gupta ‚ Samsung (OTC:SSNLF) and Apple (AAPL) are two leading players of the smartphone industry (see the table below). Apple is the most profitable‚ while Samsung is the largest player (by revenue as well as volumes) in the industry. Samsung is not only the largest but also is the most competitive player in the industry
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Advertising and promotional tools The basic idea behind the marketing concept is that you make what you can sell. Even a good product that satisfies a need has to be made known to its target customers. During the introduction and growth stages of the standard product life cycle‚ the producer has to develop brand awareness‚ inform potential customers about its existence and features. According to the well-known “four ps” formulations of the marketing mix (product‚ price‚ place‚ promotion)‚ this
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Samsung’s Background. Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town‚ Seoul. It comprises numerous subsidiaries and affiliated businesses‚ most of them united under the Samsung brand‚ and is the largest South Korean chaebol. Notable Samsung industrial subsidiaries include Samsung Electronics (the world’s largest information technology company measured by 2011 revenues)‚ Samsung Heavy Industries (the world’s second-largest shipbuilder measured by
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