This study seeks to examine the market structure and strategy of Samsung Company analyzing its micro-environmental level as well as SWOT analysis. In this regard, it is worth pointing out that Samsung is a well-established company. It manufactures different electronics products including home appliances and smartphones. It has been on the market since 1969. Its electronics division has 169 subsidiaries and affiliates, which are divided into three to include Consumer Electronics, Information Technology & Mobile Communications, and Device Solutions division (Samsung 2016, 2). In this precept, consumer Electronics focuses on advanced technology, exclusive design and significant offers for presenting new products such as TV, Refrigerator, Air Conditioner, and Medical equipment among other products. Information Technology & Mobile Communications division, on the other hand, produces mobile handset and customer friendly communication products. The Device Solutions in the same dictum division focuses on display pane and semiconductor products. The company has grown globally, and establishes outlets in different parts of the world, including the U.K.
1. Micro-environmental Analysis
1.1 The Company
Samsung Electronics UK Limited is a subsidiary of Samsung Electronics. It manufactures, and distributes mobile devices to retailers in different parts of the country. It also manufactures and distributes audiovisuals products, computer-related products, cameras, home appliances
In its early growth period Samsung adopts the strategic of a “budget” brand producer in most consumer electronics markets as it could not compete with high technological products and better quality consumer’s item
Leadership is a process whereby an individual influences a group of individual to achieve a common goal. Leadership has also been described as “a process of social influence in which one person can enlist the aid and support the others in the accomplishment of a common task". The leader may or may not have any formal authority. Students of leadership have produced theories involving traits,[2] situational interaction, function, behavior, power, vision and values,[3] charisma, and intelligence, among others. Somebody whom people follow: somebody who guides or directs others. The sources of power to a leader would be,
Hofstede’s study indicated that South Korea is a high power distance country which can be reflected in the organizational structure of Samsung. Prior to the acquisition, power distance in the workplace is high because there are ten hierarchical titles in Samsung. In this centralized organizational structure, there will be a large gap in the relationship between management and employees. Most decision and made by management who tends to have greater power and authority over the decision-making process and employees are expected to respect their manager. In contrast, Sweden is a low power distance country and value egalitarian. Therefore, after acquiring Samsung, Volvo flattens their organization structure by reducing the hierarchy from ten to three which consist of executives, managers and staff members, in order to identify employee by their jobs instead of by their titles.
SAMSUNG Electronics Co. is a South Korean multinational electronic information technology company having headquarter in South Korea. Samsung Electronics is the world’s larger mobile phone maker and world’s second larger semiconductor chip-maker.
Samsung Electronics India manufactures a wide range of consumer electronics and home appliances. These products include:
Samsung has long been one of the largest manufacturers of electronics components in the world. The main electronic components include semiconductors, flash memory, chips, hard drive devices, and lithium-ion batteries. Apple, Sony, HTC and Nokia are the main clients for the components. [3]
Samsung is an electronic company, that is specially designed for digital appliances. The company provides some Samsung home appliances like televisions, refrigerators, washing machines, microwaves and air conditioners to their customers. This was founded with the belief that any family can have a high-quality appliance in their homes or for their own personal use. Samsung was founded “by Byung-Chull Lee in 1938 in Taegu, Korea the company started as a food exporter in Korea” (Kovach). In 1970s Samsung started selling their first black and white TV and in 1979 Samsung Electronics came out, also Samsung is made up of over 80 businesses that have worked in different markets and Samsung Electronics have operated in over 60 countries. You
There are a surplus of products such as batteries, hard drives, televisions, air conditioners and Smartphone being manufactured by Samsung. Samsung electronics is spread across 80 countries and has developed a reputation by emphasizing on innovation in its management strategies. Samsung has got a bunch of sections within their organization, stretching from technology, manual labour work, markets and consumers. As a worldwide company with roughly 200,000
The Group upholds a belief in shared responsibility – to our people, our planet and our society.
Samsung Corporation has experienced a big loss to the market for instance by introduction of cheap made Samsung Chinese phones and accessories across the market. The introduction has led to the failure of the market of products thereby reducing the amount of revenues. The process has decreased the sustainability across the market therefore a huge impact on the supply chain of the
Samsung Electronics Co., Ltd. is a South Korean multinational hardware organization headquartered clinched alongside Suwon, South Korea. Samsung Electronics is a part of the main Samsung Group, representing 70% of the total income. It is the world's second greatest information advancement association by income, after Apple. Samsung Electronics has gathering plants and deals systems in 80 nations and utilizes around 370,000 individuals. It is the world's biggest maker of cell telephones and cell phones powered by the fame of its Samsung Galaxy line of gadgets. Samsung Electronics dislodged Apple Inc. as the world's biggest innovation organization in 2011 and is a noteworthy part of the South Korean economy. Samsung Electronics has 144 united subsidiaries from claiming which
Could be a aggregation that has been steady growing throughout the accomplished decade. The followingreport can recommendation samsung advance the advance that has been enjoyed within the past, with a strongemphasis on the advance of the all client consumer goods and variable divisions. By allegory customersand what they require, ways will be devised on however samsung will access their allotment of themarket. What is more, by comparison samsungs strengths and weaknesses thereto of thecompetition, opportunities will be articulary and capitalised on.samsung entered into indian bazaar with its technologically avant-garde household appliances. Butwhen it entered in associate indian market, it had to face actual boxlike antagonism and still it‘s adverse toughcompetition, however currently it's
Company Background: Samsung is a South Korean multinational company those starting its business as a small trading company and right now becoming world largest corporation. The company deals with its business in several sectors such as advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The company was established in 1969 in Suwon, South Korea and known globally for its electronic products (Kelly, 2011). The company is manufacturing several latest technologies, electronic appliances such as mobile phones, tablets, laptops, TVs, refrigerators, air conditioners, washers and other products. The company runs its operations and sales its products in 61 countries with approx 160,000 employees in all over the world (SAMSUNG, 2014). Moreover, the company acquired the position of the world biggest IT maker in 2009 by beating the Hewlett-Packard (HP) previous leader. Its sales revenue in the segment of LCD and LED is the highest in the world. Furthermore, Samsung also becomes world leader in the segment of tablets, mobile phones and gadgets.
Edexcel Level 5 Higher National Diploma in Business – Human Resource Management Higher National Diploma in Business – Management (Organizations and Behavior) on (unit 3/Organizations and Behavior) by (Uthum Milinda Gunawardana) Human Resources Management Institute, 246, Nawala Rd, Nawala, Colombo - Sri Lanka Submitted on (02.12.2012) Table of contents 1.Executive summary…………………………………………………………………. (page 3) 2.Introduction…………………………………………………………………………. (page 4) 2.1.
n the present unpredictable business industry promoting plays a key and critical part and it is a procedure or technique to make, convey, trade and speak with clients and customers. The system recognizes the prerequisites, needs, desires of a specific client base and makes strategies and offerings to fulfill that client base. In the present circumstance the complete business is client driven and the advertising spins around fulfilling the client at each conceivable open door. Whatever the organization offer ought to be founded on the requirements of the client, it might be an item or can be an administration or it can be both. At the point when an association offers both administration and item, it can be termed as arrangement that assumes key part in vital showcasing.