The purpose of the study is to develop an understanding of strategic management in the context of Samsung company. However, The Group has developed a system that mitigates external risks. In fact, the company already has several promotions whereby clients win various products such as the four NX1000 cameras which are to won weekly for the next four weeks, as indicated in the website. INTERNAL ENVIRONMENT I. SAMSUNG ELECTRONIC BACKGROUND Samsung Electronic is one of the biggest electronics company in South Korea. Apple's major internal environment is evaluated to determine its strengths and weaknesses in the industry in which it operates. This assures to the companies who are paying for it that their data is secure. Human resource management encompasses the support activities section in terms of Porters well-known value chain model. Based on the companys robust competitive advantage, it is possible to say that Samsung Electronics creates more value than its rivals do. 1-16. To do so, the paper explores the most influential external environment factors, competition forces, what the company can do to address competition, external threats and opportunities, internal strengths and weaknesses, core competencies and value chain. The internal environment refers to the conditions, events, entities, and factors that occur within (or internal to) the organization. More specifically, this analysis reviews the external market within four significant sectors that define Samsungs position in a global arena in the electronics business. Samsung External and Internal Environment Analysis - Free essays samples for college and high school students We condemn the war and support Ukraine in its struggle for democratic values. Razdan, V. (2017) Analysis of Samsung Electronics strategy for the period 2014-2017, and development of strategic options for growth and sustainability. PG 257). In 2009, Samsung Electronics has reached $ 110.2 billion market capitalization, for the first time beyond Intel, the world's largest semiconductor manufacturer revenue, Samsung in 2009 to $ 117.8 billion in annual sales, revenue has surpassed HP as the world's largest electronics company, is the world's first two big chip plant, second in size A Samsung SWOT Analysisis a proven management framework that enables Samsung to benchmark its business & performance as compared to the competitors and industry. In this way producers to these technological products face hard times to establish the need in the market. Key Responsibilities* % 1. External . This was accomplished through financial support, plant advancement, technology development, and human resource development (Lee, Lee and Heo, 2015, p. 5). In most cases, threats are macro-economic in nature: they emerge from the outside; the company cannot have control over them. Internal environment is the environment that is directly connected with the organization. Other ways in which the company uses technology to deal with competition is development of other products such as Smart cameras and Tablet personal computers. The final stage of one of the Korean electronics leaders involved a well-designed and developed business philosophy. The maturity stage can be interrupted by discontinuation or irrelevance of a technology, which recommences the cycle (Giachetti & Marchi 2010). It is also predicted that the company will participate more in corporate social responsibility in communities where it is based. Some principal duties that go along with the job include: Responsible for managing all aspects of the EHR implementation. By intertwining these two approaches, Samsung Electronics adopts horizontal diversification and vertical integration. This can be variously justified. Spotify Technology S.A. grows as a major music streaming service provider. events or situations can have either a positive or a negative impact on a business. Samsung Electronics is a large multinational corporation operating on the global level through 169 subsidiaries. In line with the conceptual approach, this is seen as the most serious weakness because it is based on technology, which is a key determinant of profitability and success of the company in the modern era. Samsung Electronics presents itself as a global player since its main ambition implies establishing a sustainable competitive position in the key markets across the globe. This led to achievement of operating profits of 8.3 billion U.S. dollars. Identifying the way the company will respond to each? However, there exists a differential weight in which these factors affect companies in different in industries. As described by Jung (2014), companies need to implement innovative strategies and open management approach, which eliminates all the restrictive and discriminatory institutions and practices to compete on a global scale. Producing/updating technical documentation, presentations, and other content. provides profitable investment opportunities and threats to any ventures existence. This is a clear indication that through technological innovation, Samsung has been able to deal with rivalry in the market. Samsung Electronics focuses in three specific areas; Consumer Electronics, IT & Mobile Communications and Device Solution. In terms on inbound logistics, Samsung employees should synchronize the current control of inventory and process of scheduling without slowing down the manufacturing process. Technology was also found out to be a key component of competition (five forces). Define a clear organizational structure The first step toward creating a positive internal environment in the workplace is to outline a specific organizational hierarchy in which each individual has clearly defined duties. By taking a leading position in the global market, Samsung proves its fundamental role and impact on the modern technology-oriented consumer. Concerning the relationship-building process in HR, Samsung Electronics CEOs visit suppliers regularly to take into account their problems (Samsung Electronics sustainability report, 2019). 10 2. BY end of 2011, the companys revenues were $ 220.1 while total assets were $343.7. Johnson, G., Whittington, R. and Scholes, K. (2011) Exploring strategy: text & cases. When customers indicate they want something you're not offering . Firstly, these components of competition are in line with the above-mentioned external factors that would mostly affect the company. A micro-environmental analysis will analyze all internal and micro factors such as company, employees, suppliers, customers, competitors, and publics/ media. The technological environment is the leading advantage for a company like Samsung. Analysis of competitive position as well as internal assessment. BusinessEssay. It is one of the world largest electronic manufactures with, more than 70 assembly plants in different part of the world. According to the author, the development of Samsung Galaxy has led to a global applause in the product and consequently led to apprehension of significant global market share. Regarding the new technology OLED display panel area, the Korean company is once again leading the market with over 90% market share (Razdan, 2017). Cloud computing service providers can provide IT services, ranging from storage space all the way to complete applications. Therefore, compensation and promotion are openly distinguished according to the individuals skills set. The companys philosophy is to devote our talent and technology to creating superior products and services that contribute to a better global society while its core values are people, change, excellence, co-prosperity and integrity. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The approval process taking three steps or less with Samsung internal management, create competitive advantage in the competition. First, they include technology research and product development capability encompassing 34 research and design centres throughout the world. In the context of Samsung, threats arise from political, social, economic, technological, legal and environmental fronts. The latter is considered to be the most serious threat to Samsungs business model. When Samsung was entering a global first-class status, the company expanded upon its management philosophy. In January 2015, the company had a total assets worth $ 208.19 billion. Samples, help Introduction Samsung is a Seoul-based electronics company that deals with television sets, cameras, personal computer items, print solutions, cell phones, home appliances and other accessories. The success of Samsung has been highly attributed to its internal strengths. 2.1 Strength Apart from the examined resources owned by the company, including talent and investments, there is another critical factor that defines a companys success, such as the companys core competencies. According to Jung (2014), the key aspect of open human resource management implemented by Samsung is promoting equal opportunity, prioritizing skills, and recognizing human potential. Lee, J., Lee, K., and Heo, J. Therefore, if there are drastic changes in the global technology, the changes would directly affect the business, especially manufacturing. Samsung has contributed in so many innovative products to make users life easy such as tablets, mini laptops, and televisions to provide with the wide range of technology for personal use. "Strategic Analysis of Samsung Electronics Co. Ltd." BusinessEssay, 10 Jan. 2023, business-essay.com/strategic-analysis-of-samsung-electronics-co-ltd/. This includes: assistance with configuration, operation site assessment, workflow assessment, overseeing training on the application. Steve was great a leader with extraordinary management skills. Considering such a critical starting point for this strategy, the Korean multinational corporation effectively handled its management innovation process due to internal innovation and partnership with sub-contractors. As a result, SECs Chairman, Kun Hee Lee, launched the new management initiative in 1993 to shift the companys emphasis from providing low-end commodities to high-end premium. SWOT Analysis However, its most important external environment elements are technology and social or consumer issues. 2. The company controls a sizeable influence of the economic and political policies that shape the development of the home country and is thus a powerful image in the country . It is agreeable that emerging companies and small firms might develop apps and products that are capable of cannibalizing its leading platforms (Antheunis et al., 2015). Also, the company addresses competition enhanced from Chinese handset makers that offer similar technology but at lower prices. Analysis of internal environment helps in identifying strengths and weaknesses of an organization. For this reason, several management scholars and practitioners used Samsung company as a successful exemplary case of the leading global company. The company has about 350,000 employees word wide. 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internal and external environment of samsung company