Samsung Electronics

From 1958 onwards Samsung began to expand into other industries such as financial, media, chemicals and ship building throughout the 1970's. In 1969, Samsung Electronics was established producing what Samsung is most famous for, Televisions, Mobile Phones (throughout 90's), Radio's, Computer components and other electronics devices.

Multi-national organizations are constantly evolving with innovative ideas influenced to adhere to current trends. Aside from designing the next epic innovation, competition among multi-national organizations are intense and creates a drastic hype for investor and shareholders. Financial reporting for multi-national organizations can be compared to the intensity in creating its next profitable proposition as strict financial reporting rules and regulations are constantly developing requiring the expertise of highly skilled professionals. Samsung Electronics and Apple Inc. are two organizations that have set an international example of innovative ideas and the viability of cross border investments. Samsung Electronics and Apple Inc. abide by distinct reporting standards, resulting in incomparable financial statements unless it is reconciled to the conforming reporting standards and differences in financial statement presentations.

Samsung entered the electronics industry in the 1960 's with the formation of several electronics focused divisions. The initial electronics divisions included Samsung Electronics

Samsung is one of the largest and most diverse electronic companies in the world. Samsung is a multinational electronics company, originating in South Korea. Its main Competitors are Apple and LG.

Samsung portrayed a very interesting and impressive success story in every aspect of development. Although they were hit hard by financial crisis in 2009, Samsung survived the ordeal with their impressive financial performance. The astonishing part of their achievement is mostly guided by internal management capability, positive aligned culture and belief system that empowering human capital is the foundation in building and

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.

The South Korean giant, Samsung, is known as a renowned manufacturer for a multitude of high quality products, ranging from home appliances (e.g., refrigerators, microwaves, washing machines, etc.) to entertainment-based appliances (e.g., televisions, tablets, phones, etc.) demonstrating a wide market strategy across a variety of differentiated segments. Their ability to produce additional products such as memory processors, graphic cards, and more, has also led them to become suppliers for many companies including other competitors such as Apple and Sony, leading to their overall sustainability.

Samsung has been in the business for over 70 years, it is a company which is considered to diversify its business ranging from mobile phones to washing machines, TV’s to microwave, all kinds of home appliances to the most modern worldly technology needs of human kind. Samsung is a $160 billion company. Through research, reliability and a talented workforce, Samsung is able to provide technological solutions for our everyday lives. Samsung is known for its TVs however they have penetrated into the mobile phone market. They have come up with creative technology such as the Smart TV and Smart Camera. They continue to invest heavily into their research and development so that they can produce products that are efficient and

Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into four business groups. Since 1990s, Samsung has increasingly globalized its activities, and electronics, particularly mobile phones and semiconductors, have become its most important source of income. Samsung has a powerful influence on South Korea's economic development, politics, media and culture. Its affiliate

Samsung’s innovative and top quality products and processes are recognized all over the world. Samsung is comprised of companies that are setting new standards in a wide range of businesses, from electronics to financial services, chemicals and heavy industries to trade and services (Daniel S. 2010).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. 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

Samsung was founded on 1st March 1938 by founding chairman Lee Byung Chull in Taegu, Korea with a capital of 30,000 won. While Samsung Electric was established as a subsidiary of the Samsung group in 1969. Its early products were electronic and electrical appliances such as, televisions, calculators, refrigerators, air conditioners and washing machines. In 1974, the group expanded into the semiconductor industry by acquiring Korea semiconductor; One of the first chip-making facilities in the country at the time. Samsung Electronics launched its first mobile phone in 1988, in the South Korea market. (Samsung.com,. (2014).) Response were poor at the start as Motorola held a market share of over sixty percent in South Korea's mobile phone market compared to Samsung's ten percent. (Michell, T. (2010).) In 2005, Samsung struck a deal with Apple for the supply of flash memory. At the same time, Samsung Electronics surpassed its Japanese rival, Sony and it became the world's twentieth largest and most popular consumer brand. (Businessweek.com,. (2005).)

Samsung is a market head in creation categories similar to Slim TVs as well as Refrigerators. Although it is the next biggest mobile phone brand in many countries, it guides in the smart phone part in many

Samsung was established by Lee Byung-chul in 1938 as an exchanging organization. Throughout the following three decades, the gathering differentiated into zones including sustenance preparing, materials, protection, securities and retail. Samsung entered the gadgets business in the late 1960s and the development and shipbuilding commercial enterprises in the mid-1970s; these zones would drive its ensuing development. Taking after Lee 's passing in 1987, Samsung was isolated into four business bunches – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990s, Samsung has progressively globalized its exercises and hardware, especially cell telephones and semiconductors, have turned into its most vital wellspring of wage.

Samsung is a leading smartphone maker in the world and is a South-Korean multinational aggregate company embraces numerous subsidiaries and affiliated businesses. The company is headquartered in Samsung town, Seoul and was founded by Lee Byung-chul in 1938 as an exchanging organization. The company has expanded itself in the areas including food processing, textiles, insurance, securities and retail during the last 30 years. The company entered into the electronics business in the late 1960s and advanced as a brand providing quality products such as washing machine, television, mobile phones, laptops et cetera. In the present period Samsung has its finished focus on its cell phones that is most honorable item in the business and with the headway of innovation the brand has differentiated its item scope of cell phone from the lavish ones to the moderate value ran PDAs.(Wikipedia, n.d.).

Based on the articles that I’ve read up on , I’m going to talk about Samsung . Samsung is one of the world’s largest information technology company which has a very powerful influence on South Korea’s economic development . Samsung company produces some goods like , TV , Phone , computer and more . One of Samsung’s most successful products are its smartphones which has significantly dominated the world’s mobile phone industry . Samsung is currently one of the best smartphone in the market . Samsung electronic was found and made in 1969 as a unit of Samsung group . The unit was set up as a method for getting Samsung into the advance TV and customer hardware industries . By 1980 , samsung was assembling , transporting , and offering variety