Student


Student(s) to completeAssignment/Report Plagiarism Declaration For Individual Assignment / Report ONLY I certify that this is my own work and I have read and understood the Plagiarism and Dishonest Policy (7.7) of Abacus Institute of Studies. I understand that the submission of this form electronically is the equivalent of me signing my name, in pen, on a paper assignment cover sheet. For Group assignments/reports ONLY Student name(s) IDs Table of Content 1.0 Strategic hierarchy 1.1 Introduction Samsung is a famous Organization.Its main office situated in samsung town , seoul. Samsung is a multinational enterprise of South Korea. Samsung is a global brand, which is identified in worlds top 100 brands list. In 1938 ,Lee Byung-chul established Samsung as tranding company. The set expended into different fields like food processing, textiles insurance securities and retail. Samsung joined the electronic industry in the late 1960s and in the mid -1970s entered the construction and shipbuilding corporation. After the death of Lee, in 1987, Samsung was divided into four trade areas -Samsung Group, Shinsegae Group, CJ Group and Hansol Group. During 1990, its activities and electronics have become globalised. The industry carry on with the progress on gadgetsand quality of products. In 2000, Samsung s Galaxy smartphone became firstchoice of community in the world (Bondarenko, Sansung South Korean Company). It started investment in LCD technology and became famous in the world by 2005. In 2006 , Sony and Samsung made collabration to increase the supply of LCD panels for both companies, but sony invested less money which increased problem for sony. Samsung took whole control over the partenership in 2011. After that Samsung concentrated on the business of mobile phones, electronics and biopharmaceutical but as compare to other electronics growth of mobile phone become largest in 2012 and made changes in new models. In between last four years samsung announced Gear VR, Galaxy Note 4,Fiber optics , a fitness smartwatch named Gear fit 2 and Galaxy Note 8 (Burris M. , 2018). Scope of samsung is that it has many varities in electronics like in android phones ,semiconductors, LCD and OLED panels and customer electronics . In 2012 ,demand of electronics was higher and in next year it increased ,but in following three years demand of gadgets was declined (Richter, 2016). The main focus of samsung is on apps and on fuctions because they want to improve the features of smart phones and other electronics. They want make more useful to gadgets .This company lauches different type of models of phone with big display , new apps ,camera clearity, enough storage and want to solve the problem of power consumption (Samsung Focus app review A Galaxy of productivity, n.d.). 1.2 Organisational Strategic Hierarchy It is about managing a business by taking proper decision and planning all activities step by step in an organization is called business management (Business Strategy Hierarchy, n.d.). 1.2.1 Corporate It explains the aims of company like long term plans, make changes in product to improve the quality and want to satisfy their customers by product features in competitive era (What Is Corporate Strategy, n.d.). 1.2.2 Business Any activity of sales or purchase of good to earn profit is business. It is a commercial activity, by this people become satisfy with the quality and quantity of product. In business, goal of companies is same but in market same product has different type of competitors Samsung has flexible business strategy on high level. Black and White TV were manufactured by Samsung in 1960. This change made leader to Samsung on global level. Constant changes in the electronics and development in models are the strategies of Samsung (Davis, n.d.). Effective market readership In a market a leader produces new products with new features and launches replicates which are already introduced by other company. The main competitor of Samsung is Apple, because both have similar features in phones and they are in the race of global leader. Samsung engineers take idea from Apple, so iPhone is an isolated thing. Samsung has good display quality, camera feature and battery power (Dudovskiy, 2017). Scanning and utilizing opportunities Samsung has many features like scanning infinity display, app pair, Knox security, advanced biometrics, secure folder, a mobile- powered desktop experience first wireless charging, brilliant low light camera, smart switch and so on. these features make it upgraded, useful and reliable as compare to Apple because apple has less battery package (lawlor, 2018). New product development First, team research new ideas concepts and get information about the needs of society like what they want new in phones. Then discuss the problems which will occur and facilities which will make easy life for community and apply the concept. At the end finalize the idea which will useful and fulfill the requirement of society (Samsungs product innovation team how ideas becomes streamlined, 2013). 1.2.3 Functional A set of activities which is performed by company to improve the production and demand of product which enhance profit of company e.g. development of strategy and implement of changes (Glossary Business Function, 2013). CampusesAuckland Level 5 / 3 Wakefield Street Auckland New Zealand – 1010 0064-9213-9552Christchurch 9A/166 Moorhouse Ave Christchurch New Zealand – 8011 0064-3365-6076 ve
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