Samsung Electronics is a South Korean multinational electronics company headquartered in Suwon, South Korea. The company produces a wide range of electronic products including smartphones, tablets, laptops, TVs, digital cameras, and home appliances. Samsung is the world’s largest technology company by revenue and one of the most valuable brands in the world.
Founded in 1938 as a small trading company, Samsung has grown into a global conglomerate over the past 80 years. The company started out as a manufacturer of dried fish, vegetables, and fruit before moving into other areas such as textiles, insurance, food processing, and retail. In the 1960s, Samsung diversified into electronics and began manufacturing black-and-white televisions.
It entered the semiconductor business in the 1970s and became one of the world’s leading producers of memory chips by the early 1990s. Today, Samsung Electronics is a major player in many different industries. The company makes everything from smartphones to refrigerators and employs over 300,000 people around the world.
Samsung’s revenues have been growing rapidly in recent years thanks to strong demand for its products globally. In 2017 alone, Samsung generated $223 billion in sales!
Objectives of Samsung Company
Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol. The group’s revenue for 2012 was KRW 201 trillion (US$178 billion), making it the world’s second-largest conglomerate by revenue after Hyundai Motor Group.
According to Forbes magazine, Samsung Electronics is the world’s second-largest information technology company by revenue. As of December 2013, Samsung has a total workforce of approximately 386 000 people worldwide. The company has operations in 60 countries and sells its products in more than 200 countries.
The company operates through five business units: Consumer Electronics, Information Technology & Mobile Communications (IM), Device Solutions, Digital Appliances & Media and Semiconductor Businesses. The objectives of Samsung are to become a global leader in the electronics industry by providing innovative technologies and services that benefit consumers and help create new markets; to continue to grow its businesses with an emphasis on profitability; to strengthen relationships with strategic partners; to foster an environment that attracts and develops highly skilled employees; to invest in research & development for long-term competitiveness; and lastly, return value to shareholders through sustainable growth of the business.
Samsung Company History
Samsung was founded in 1938 by Lee Byung-chull. The company started as a trading company with forty employees and the main office in Su-dong. It dealt in groceries, dried fish, and noodles.
In the early 1950s, Samsung diversified into areas such as insurance, securities, and textiles. By the late 1960s, Samsung had established itself as one of the largest business conglomerates in South Korea. The group’s first foray outside of South Korea was in 1967 when it built a fertilizer plant in Taiwan.
In 1970, Samsung began to expand heavily into electronics with businesses that included semiconductors, home appliances, and color televisions. This period also saw Samsung establish several joint ventures with foreign partners including Sanyo and Philips.
Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate).
The Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate).
Objectives of Samsung Company Pdf
In 1938, Samsung was founded as a trading company by Lee Byung-chull. Throughout the next thirty years, Samsung diversified into several different areas, including retail, securities, insurance, textiles, and food processing. In the late 1960s and early 1970s, Samsung Heavy Industries produced ships, petrochemical plants, bridges, tunnels and other industrial facilities.
In 1975Samsung entered the electronics industry with the purchase of Hanguk Jeonja Tongsin and merged it with two other electronics businesses to create Samsung Electronics in 1969. During the 1980s and 1990s heavy investment in foreign markets such as China helped spur growth outside of Korea for the first time in company history. The company also established a number of overseas subsidiaries including Samsungin 1985;created joint ventures with foreign firms like Mitsubishi Electricin 1987;and opened production facilities in countries such as Malaysia
The 21st century has seen continued success for Samsung. They have been ranked 6th on Fortune Magazine’s Global 500 list from 2010 to 2017 They are now one of the world’s leading electronic companies specializing in digital media and convergence technologies such as semiconductors, LCD displays ,and mobile phones .As we know them today objectives of Samsung are:
Develop global competitiveness Enhance customer satisfaction Create new value
The Samsung Mobile Company is a South Korean multinational electronics company headquartered in Suwon, South Korea. The company produces a wide range of electronics products including smartphones, tablets, laptops, TVs, home appliances, and more. In recent years, Samsung has become one of the leading smartphone manufacturers in the world with their popular Galaxy line of devices.