Samsung Group started out in South Korea in 1938, when South
Korea was a Japanese colony. The company followed Japanese business models before
it began to mix it with Western business management ideas. Now it has made its
mark as a global brand that makes more than electronics. Samsung Electronics
makes devices such as LCD televisions, smartphones, hard disk drives, digital
cameras, DVD players, Blu-Ray players, as well as weapons, ships and provides financial
services.
A speedy business
 | |||
| The quality of Samsung devices continually improves | . |
Through a business model highlighting speed and
adaptability, Samsung has soared to high profits. Samsung used to make
equipment and parts, but now, it makes entire devices. After the company
launched its black-and-white TV, it only took one year before they went on sale
in far-away Panama.
The Sunday Morning Herald announced
in an August 13, 2012 article that the brand was to open a store similar to the
iconic Apple store in London. The brand is committed to following international
trends in manufacturing and device sales.
Making a name
If someone had not heard of Samsung, then watching the
Olympic Games was one way to learn about the company and its products. The
brand, through advertising, lifted itself up to be a major brand, just like
McDonalds, another Olympic advertiser.
Becoming a high-quality manufacturer: Smartphones
Creating solid, high-quality products requires innovation
and research and development. The company has poured money into R&D. That
is how it introduced the Galaxy smartphone. Later generations of this phone
rival Apple’s iPhone.
In fact, Samsung sells more smartphones than Apple. The Sunday
Morning Herald wrote that in the Second Quarter of 2012, Samsung
Electronics sold 50 million smartphones compared to the 26 million sold by
Apple. This is partially due to the fact that Samsung makes a wide variety of
phones, from simple models to more complex smartphones. Apple, on the other
hand, only makes the high-end iPhone.
Criticisms and pitfalls
Samsung is an innovative company. However, some have pointed out that its
weakness in smartphone software. Samsung smartphones run on the Android
operating system, which is made by Google. This may sound like it makes sense,
but what would happen if Google does not continue to innovate? What if the
Android operating system could not compete with iOS, Apple’s mobile operating system?
In that case, Samsung would have a hard time selling devices with Android
operating systems.
Another concern for some is that Samsung,
unlike Google and Apple, does not have its own app store, music store and video
store. What if the phone makers began to make very similar phones in terms of
hardware and cost? Then the money to be made is in apps, music and software.
That would put Samsung at a disadvantage, but then again, they are a company
that is fast to adapt.
It doesn’t stop here
Samsung plans to spend $21 billion by 2020 in the following
areas:
·
Solar panels
·
LED lights
·
Electric car batteries
·
Medical equipment
·
Biotech drugs
This effort proves that the company is resilient and plans
to stay in business for years to come.
Buying, selling and pawning Samsung products
If you are looking to buy an electronic device, come to
Diamond Jewelry Pawn Brokers. We sell and buy the latest devices from Samsung.
You can also choose to pawn your item for a loan. Our stores are family-run and
operated. We are here to help each and every customer find the right item. Call
us at 718-584-9177 or visit us online: www.PawnShopBronx.com.
Source consulted:
http://mdc.ltindia.com/librarym/mm_files/The%20Paradox%20of%20Samsung%27s%20Rise.pdf
