Samgsung Electronics Essay Example | Topics and Well Written Essays - 750 words

Samgsung Electronics - Essay ExampleThe high school quality of products is implicit, but never sufficient. Innovations are the key to success in these markets, but they come at a high price and are very easily copied. It takes a mix of luck, great prudence and a visionary business approach to make it in todays overcrowded marketplace.Samsung, wizard of the largest Korean companies, begins its second century. The new digital era has brought revolutionary opportunities and changes to global business. Samsung has come up with solutions to these changes by upgrading its business structure, management perspective, and corporate culture to meet the new global standards (Samsung.com). Since its founding in 1938, Samsung has grown from a domestic industrial leader into a global consumer electronics powerhouse. The company is presently recognized as one of the worlds leaders in digital technology, holding the number one market portion out for thirteen products of the range (among which semiconductor devices, TFT-LCDs, monitors and CDMA mobile phones). These considered, the companys target is an increase on this number to thirty in the following year.On the main priorities of the company is the research and development croak, especially on the semiconductor line that includes flash memory and non-memory, custom semiconductors, DRAM and SRAM. The department in charge with this vital function comprises 13,000 researchers, and the financial investment is large - US$ 1.7 billion. But there is no other way in the technological fields, and the management at Samsung knows it better than anyone, having an experience of many decades.From a financial perspective, the company offers its clients function that have been appreciated and awarded. The Samsung Card is a payment solution that was selected as the Best Card club in the New Millennium by MasterCard. This type of facilities and incentives for clients come as a plus to the products, more(prenominal) than a marketing tool a long-term business development