business environments and enhance the operating efficiency of the BOD. Under the Articles of Incorporation‚ the Outside Directors Recommendation Committee first selects candidates from a pool of professionals with expertise or experience in business management‚ economics‚ accounting‚ law‚ or relevant technologies‚ and then submits their final candidates for the approval of the shareholders at the General Shareholders Meeting. The independent directors conduct separate meetings of their own to work on
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2007 SAMSUNG ELECTRONICS Environmental & Social Report Contents Message from the CEO 08 At a Glance 10 Company Profile Financial Performance Our Sustainability Our Environment 11 14 16 20 Philosophy & Policy Focus Areas Management System Activity & Performance 21 22 23 27 Our Business Partners 44 Philosophy & Policy Focus Areas Management System Activity & Performance 45 46 47 49 Our Community Philosophy & Policy
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Factors Affecting the Market Demand & Supply for Mobile Phones Supply and demand is the basis of the world economic system. In a world of advertising‚ marketing‚ and promotion‚ there is some question as to whether demand creates supply or supply creates demand. Whichever way it happens‚ there is no question that in the field of mobile phones the result is a massive market. According to the UK’s The Guardian‚ as of March 2009 more than half the world had mobile phone accounts. Developing
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Business Planning and Change Management Samsung has taken over the electronic world and is currently the number one‚ consumer electronic brand and has revolutionised the smartphone. Since its inception in 1969‚ Samsung has successfully transitioned from an analogue driven product line to a cutting-edge and award winning digital innovator that Is currently the world’s manufacture of mobile phones. With worldwide overall product sales of $US 200 billion‚ over 75‚000 employees and a global network
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Executive Brief for Samsung To: Lee Kim Hee‚ President From: Re: Strategic Growth Plan Date: Executive Summary Samsung’s goal is to maintain the market leadership and keep increasing the market shares in the world wide market. Development in people‚ systems‚ technologies‚ and facilities with a long term goal. Samsung aims to provide high quality products with a cost-efficient price that builds up the brand image and reputation. The main issue is how
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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 disadvantages and successfully position itself as a widely respected and successful brand. Key words: Samsung‚ mobile phone‚ strategy I. Introduction
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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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of directors. Evaluate the current board of Samsung Electronics. What are the strengths and weaknesses in the current board composition? How many directors can be classified as non-executive? How many can be classified as independent? What are your criteria’s for assessing director independence? Do you think changes need to be made to the current board composition? If no - why not‚ if yes - what changes would you recommend? The board of Samsung Electronics has 23 directors of which 7 are executive
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1. How was Samsung able to go from copycat brand to product leader? Samsung was a copycat brand from the time it started to around the 90s. Some of the first items they made were calculators and black and white TVs. In 1993 Samsung unveiled a new strategy that they called “New Management”. They made the decision not to be a cheap copycat brand anymore. Samsung cut ties with low end retailers like Kmart and Wal-Mart. They started distributing at stores like Circuit City and Best Buy. They started
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JOHN QUELCH ANNA HARRINGTON Samsung Electronics Company: Global Marketing Operations Company Background and Strategy The Samsung conglomerate’s roots dated back to 1938 when the company produced agricultural products. In the 1970s‚ the company focused on shipbuilding‚ chemicals‚ and textiles. Samsung Electronics Company (SEC)2 was founded in 1969‚ primarily as a low-cost manufacturer of black and white televisions. In the 1970s‚ Samsung acquired a semiconductor business‚ thereby setting
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