Public Domain Apple Inc. A SWOT analysis of the company gives insights on the strategic actions of the business, especially in maximizing its growth based on its strengths and opportunities. The SWOT analysis framework is a strategic management decision-making tool that determines the most pressing issues facing the company, based on the internal business conditions and the external environment. The company is involved in the computing technology hardware and softwareconsumer electronics, cloud computing services, and online digital content distribution services industries.
Introduction Samsung has become number one telecommunication device manufacturer over the years and in order to understand this miraculous journey let us undergo the journey along with them. It is South Korean company. The company was reborn in when its Chairman Lee Kun Hee introduced new management style and philosophy where product quality and innovation was placed at centre of all operations.
Political Factors Political battle confronts the company on many grounds, firstly the relationship between North and South Korea have never been healthy and stable, there is always danger of war or barriers in trade apart from this the family succession plan of Samsung has met many political confrontations in the past.
Every new head of company has to prove his skills to the board members and world before taking charge in order to show that he is worthy of responsibility. Despite many politics the new company CEO is from the family only and they plan on keeping the business in the family.
Even in the weak demand market the company had to invest in marketing which reduced the profits even more. Samsung recovered in through new launches of galaxy note series and S series. It is in the industry where innovation is must for survival.
The conservative environment gave way to freedom of speech, emphasis on quality of employee life outside office and reduced meeting hours. Earlier in Samsung like all family owned South Korean businesses it was expected to put in long hours as an expression of respect and gratitude as bosses are considered as a fatherly figure and colleagues as family.
The initial weeks after induction were as tough as military boot camps where new comers were deprived of sleep and ordered to maintain a certain exercise regime. But as increasingly South Koreans started receiving education abroad they started realizing the importance of work-life balance and the difference in the upkeep of employees abroad as compared to their own country.
Samsung as early as reviewed its performance reward policy and based it on merit. The country culture is such that they are skeptical of foreigners and do not award senior positions to them but Samsung went against these norms.
However it is still a family owned business and is determined to continue the same. Samsung started off by copying designs and features but somewhere along it started producing its own designed products too.
It has whole range of products from refrigerators and TVs to Smartphone so it definitely has technological superiority over others. In Apple we know that three internal design teams are formed to compete with each other and come up with a winning design which is then launched.
Samsung collaborated with Russia in order to purchase cheap scientific research from them. Russian scientists have not only helped Samsung in improving image processing chips and other features besides the barrier of foreign entrants due to terrorism has been tackled by them due to foreign partnership with Russian Academy of Science.
Shaughnessy, Environmental Factors Samsung has adopted Green Management policy which entails protection of environment through various steps taken like recycling of products, it includes five main areas: Management, Products, Processes, Workplaces and communities.SWOT Analysis of SAMSUNG by Haseeb | Dec 18, | SWOT | Background of Samsung: Samsung is a South Korean multinational company while started the business as a small trading company and immediately charming world largest corporation.
In the SWOT analysis of Samsung, the strongest is its product portfolio which includes Mobile phone, Tablets, TV/Audio/Video, Camera, camcorder, appliances.
Samsung took advantage of the growing economy of Asian market by setting up manufacturing plant in . Transparent Conductive Films and Materials Forecasts, Technologies, Players - This report provides a detailed and complete assessment of incumbent and emerging technology solutions.
For each technology, IDTechEx assess production method, key cost drives, key figures-of-merit including sheet resistance, optical . India Smart TV Market Outlook , has been prepared based on an in-depth market analysis from industry experts.
The report covers the competitive landscape and current position of major players in the India smart TV market space.
The research report provides insights into the global 3D, LED, and HD Television (TV) market with detailed overview and market regardbouddhiste.com research report analyzes the smart television market based on market segments, current market trends, and key geographies.