IN 2012‚ SAMSUNG‚ with $248 billion in revenues‚ was one of the largest conglomerates globally and the largest chaebol1 in South Korea. A rough comparison would be the U.S. conglomerate General Electric‚ which had $147 billion in revenues in the same year. Established in 1938 by Lee Byung-chul as a trading company selling noodles and dried seafood‚ Samsung has since diversified into various industries‚ such as electronics‚ chemicals‚ shipbuilding‚ financial services‚ and construction. In particular
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we talk about businesses that have humble beginning‚ then the history of Samsung can serve as the perfect example. It all started on March 1‚ 1938 when Byung-Chull Lee‚ the founding chairman of Samsung initiated a business in Korea with a capital of only 30‚000 won. The primary products of what was then Samsung were dried Korean fish‚ fruits‚ and vegetables traded from Beijing and Manchuria. For the etymology of Samsung‚ it has the root words "three stars." The business or Mr. Lee expanded and
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Amartya Sen‚ an Indian economist and political philosopher‚ first articulated the “The Capability Approach” in the late 1970s and 1980s in order to create an alternative and new framework of thinking and evaluating issues of poverty‚ development‚ well-being and equality by embracing complexity‚ plurality and individualism with the aim to not overlook anything. Through his creation of the Capability Approach‚ Sen shows that his primary concern is to create a pluralistic conception of poverty and development
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Samsung Electronics From Wikipedia‚ the free encyclopedia Samsung Electronics Co.‚ Ltd 삼성전자 三星電子 Type Public Traded as KRX: 005930‚ KRX:005935‚ LSE: SMSN‚LSE: SMSD Industry Consumer electronics Telecoms equipment Semiconductors Home appliances Founded 1969 (Samsung Electric Industries) 1988 (Samsung Electronics) Headquarters Suwon‚ Gyeonggi Province‚South Korea Area served Worldwide Key people Lee Kun-hee (Chairman) Lee Jae-yong (Vice chairman) Kwon Oh-hyun (Vice chairman
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Samsung promotion Samsung puts great emphasis on its presentation and image in public. Promotion is highly important part of marketing mix and the company sets aside a sufficient and quite large budget for making the best to promote itself. Support of selling is highly intensive and always tries to react on the competition. There are many types of promotion. Samsung uses three types of them. The first one is selective promotion. Selective promotion means that the company provides distribution
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1. Background Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town‚ Seoul. Samsung was founded by Lee Byung-chull in 1938 as a trading company. It entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s. Since the 1990s Samsung has increasingly globalised its activities‚ and electronics‚ particularly mobile phones and semiconductors‚ has become its most important source of income. In the first
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system’s impact on many industries‚ one of the industries is IT appliances industry. We choose Samsung Electronics Co. as our topic in this industry. Samsung has been dedicated to create a better world for over 70 years through various businesses. Today‚ Samsung extent advanced technology‚ semiconductors‚ skyscraper and plant construction‚ petrochemicals‚ fashion‚ medicine‚ finance‚ hotels and so on. Samsung now is the global market leader in high technology electronics manufacturing as well as digital
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August 27‚ 2012 Samsung Electronics (005930 KS) Company Update US jury sides with Apple WHAT’S THE STORY? Event: A US jury on Aug 24 handed Apple a sweeping victory over Samsung Electronics (SEC)—in stark contrast to an earlier split ruling by a Korean court. Impact: The verdict implies that the handset industry will now compete more fiercely in design‚ as well as in technology‚ eroding the profitability of handset makers and parts suppliers. On the positive side‚ the battles should
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Capabilities Analysis of JetBlue Airlines JFK Hub The JFK Airport hub in New York City is a tangible physical resource of JetBlue. This hub provides significant size and location capabilities. The airport is a large population center‚ with 19 million people within the 60-mile radius. The hub is also at the heart of some underserved markets‚ including upstate New York and the New England region. This resource also has political support from the state government. This support allowed JetBlue
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The history of Samsung The Samsung Group emerged as one of the largest organization in the world over the years while the company is known for their technology division as well. The company is a South Korean multinational conglomerate company in Samsung Town‚ Seoul‚ South Korea. The size of the company is almost inestimable in recent years. Thus‚ I choose the Samsung group as the organization for my assignment. The founder of the Samsung is Lee Byung Chull who started his business by exporting
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