Core Competencies Of Samsung

There are many competing brands of smart phones and Samsung has reported a decline of profits in 2014. Information from GSM arena shows than Samsung released 54 new phone models in 2014 , compared with 24 by HTC , 11 Motorola and 2 by Apple, leading to increased production costs and lack focus on a specific customer segments thereby losing some of its competitive advantage (GSM Arena , 2015).The lack of popularity of its own OS (Tizen ) and dependence on Google’s Android platform makes it vulnerable on google to develop an “ecosystem”. There are component integration issues as well as loss revenue from potential App sales (Strategic Mangement insight , 2015). Negative publicity from litigation due to patents are likely to continue as technology patents are vague and Samsung with is large portfolio is likely to infringe on some of the patents (Tibken, 2014).

1. Does Samsung have a competitive advantage? If so, how are they creating added-value compared to industry competitors? Make sure to quantify your claims. (In answering this question, you will find helpful information in exhibits 6-7k (but not only there)).

A code of conduct and a statement of formal statements describe and explain what an organization expects from its employees and a code of ethics generally consists of statements that serve as principles and basis for rules of conduct. Leaders and managers must be role models for organizational success. If employees see leaders and management demonstrating the organizational values then it adds to the commitment and credibility of leadership and reinforces the importance of the organization’s values which leads to employees who are more engaged and committed to the organization. Also turnover among employees tends to be lower and productivity tends to be high. On the other hand, if leadership demonstrates behavior that is inconsistent with the code of conduct then a negative message is sent to the employees. Therefore, employees may disengage and compromise company standards as seen in the

“Analytically, a corporation’s code of ethics is the documented, formal, and legal manifestation of that organization’s expectations of ethical behaviors by its employees” (Adelstein & Clegg, 2016, p. 55). The corporate credos and code of conducts provide employees with an understanding of the policies of the organization and the organizational ethical position. For these codes to be effective, all employees of the organization must be aware of them. The visibility of the code of conduct that enables the organization to be judged as ethical.

For any business to successfully add value they either do so through lower costs or superior benefits to the consumer by offering product differentiation (Singh 2012). Samsung was a late starter into the smart phone industry, while, this has not prevented them from successfully positioning their product at the forefront against those offered by their competition such as Apple. Gary Armstrong (2011) defines a product’s position as “the complex set of perceptions, impressions and feelings that consumers

The chosen news article is the August 7, 2017 CNNMoney one about the head of the Samsung Company who is on trial where the prosecutors seek to have him serve a twelve year jail sentence for charges of corruption (CNNMoney, 2017). This particular article has successfully galvanized the three core concepts of organizational development. These include organizational climate, organizational culture and organizational strategies. Organizational culture is concerned with the deeply enshrined norms, values and characteristics that the members of the organization share. The organizational climate refers to the mood or singular personality traits of the organization that includes the beliefs and attitudes that bear an influence upon the members’ aggregate behavior. The organizational strategies deal with how the organization identifies problems, negotiates change, plans action and makes an evaluation of its progress. These concepts of organizational development as per the aforementioned article make the basis of the contents of this paper.

There are four main theories of strategy that we are going to look out for. Each theory contains different views about the human capacity to think in a rational way and to act in an effective way. The classical theory which assumes that “rational economic man” is in charge of the firm, the evolutionary theory that doesn’t rely on managers but instead they expect the markets to secure maximization of profit in which according to it the market selects the winner. The processual theory is like the evolutionary in being skeptic about rational economic man being in charge but still not too confident about the markets securing the profit maximization in which it takes a very different view of human nature, and the last theory we are going to

According to Spiro (2010), a code of ethics is a collection of principles and practices that a business believes in and aims to live by and it does not usually stand-alone but in conjunction with a company’s mission statement. This helps employees and other stakeholders on the necessary things they stand for and how they must conduct themselves. In reference to McKay, 2016, the code of conduct includes expectations and defines acceptable behaviors alongside have the on pertaining each worker/individual on their behavior on the work. The most important reason for code of conduct implementation in businesses is to carry on a regular and satisfactory behavior which normally reflects on the vision, mission and the

Samsung Corporation can achieve value chain and network by understanding how the customers’ needs are achieved (Lee, n.d.). Samsung management has to ensure that the ways given are the best hence making it achieve the best overall. This may be a short term and long term success towards the electronic growth hence making the Corporation to achieve the best in the long term. There is need for understanding different strategies that when incorporated leads to attraction of customers (Boro, 2012). The value chain and network ensures a variety of networks for instance by developing a system that increases the amount of revenue through the available customers who are in need to purchase the devices (Samsung, 2015). The customers value management is important since they form a system of electronic growth and success across the market.

Theories are important in the business life. With theory the organization can look out and what first steps should be. Also theory can expect the result for actions.

The particulars and specifics of the codes and standards mentioned may vary from organization to organization. They can differ from one organization to another because of differences in the management structure, cultural opinions and backgrounds, operational management, organizational behavior, strategic orientations and chain of command and operational structures and levels. Business ethics can be both written and unwritten codes of standards that are very vital to the organization in both its current activities and future activities and aspirations. The main framework or the main thread of business ethics is prevalent in all the levels of any organization. Business ethics is mainly about knowing and understanding the difference between the right and wrong actions and decisions. Business ethics instructs or specifies the moral standards and behavior aspects of every individual in the organization and the organization as a whole. It is not just determined and followed by just one person or by just one department in

The objective of this essay is to answer the research question “To What Extent Can Changing Product Strategies help Samsung’s development after Apple’s suit?”

Samsung is a multinational company with a range of subsidiaries and affiliated businesses, most of them united under the Samsung brand. Samsung has grown from its inception as a small export business in Taegu, Korea to one of the world’s leading electronic companies, specializing in digital appliances and media, semiconductors, memory and system integration.Samsung is a company in flux (Daniel S. 2010). Once the darling of the Android smartphone market, it has struggled to retain its dominance in recent years due to increased competition in the face of market saturation (Lance, W. 2015). The stakes have never been higher, but the risks have never been greater. Apple and Samsung have long been duking it out for the title of king of the smartphone market.

“Based on the idea that the main power of a company lies in its people, Samsung is committed to establishing a creative environment where all employees can work with pride, while providing opportunities for growth. We also aim to fulfill our social roles and responsibilities as a global company by implementing ethical management while observing all laws and principles. In addition, we will continuously work hard to respect and protect human rights, our most important obligation as a member of a global society.” (Samsung Sustainability Report 2016)

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.