Read the below paragraph carefully and write the name of term that you learned in Management Course.
South Korea’s Samsung Electronics Company became the world’s first electronics maker to release three-dimensional LED televisions. Because innovation and speed to market are critical to Samsung’s success, the company encourages collaboration and cooperation among employees within the organization and among its business partners all along the supply chain. At 42 research facilities throughout the world, teams of researchers and engineers collaborate on emerging core technologies. Within its divisions, Samsung uses cross functional product development teams to commercialize products scheduled for release within one or two years.
Answer:
Answers
Answer:
Samsung, South Korean company that is one of the world’s largest producers of electronic devices. Samsung specializes in the production of a wide variety of consumer and industry electronics, including appliances, digital media devices, semiconductors, memory chips, and integrated systems. It has become one of the most-recognizable names in technology and produces about a fifth of South Korea’s total exports.
Samsung
Samsung
Samsung is a South Korean company specializing in a wide variety of consumer and industry electronics.
© pcruciatti/Shutterstock.com
NEXT
Samsung
QUICK FACTS
DATE
March 1, 1938 - present
RELATED PEOPLE
Lee Kun-Hee
AREAS OF INVOLVEMENT
Textile
aerospace industry
Electronics
Home appliance
Semiconductor
Information technology
Smartphone
Manufacturing
Electronic system
Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. He started his business in Taegu, Korea, trading noodles and other goods produced in and around the city and exporting them to China and its provinces. After the Korean War, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on industrialization with the goal of helping his country redevelop itself after the war. During that period his business benefited from the new protectionist policies adopted by the Korean government, whose aim was to help large domestic conglomerates (chaebol) by shielding them from competition and providing them easy financing.
During the 1970s the company expanded its textile-manufacturing processes to cover the full line of production—from raw materials all the way to the end product—to better compete in the textile industry. New subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Precision Company (Samsung Techwin) were established. Also, during the same period, the company started to invest in the heavy, chemical, and petrochemical industries, providing the company a promising growth path.
Samsung first entered the electronics industry in 1969 with several electronics-focused divisions—their first products were black-and-white televisions. During the 1970s the company began to export home electronics products overseas. At that time Samsung was already a major manufacturer in Korea, and it had acquired a 50 percent stake in Korea Semiconductor.
Get a Britannica Premium subscription and gain access to exclusive content.
Subscribe Now
The late 1970s and early ’80s witnessed the rapid expansion of Samsung’s technology businesses. Separate semiconductor and electronics branches were established, and in 1978 an aerospace division was created. Samsung Data Systems (now Samsung SDS) was established in 1985 to serve businesses’ growing need for systems development. That helped Samsung quickly become a leader in information technology services. Samsung also created two research and development institutes that broadened the company’s technology line into electronics, semiconductors, high-polymer chemicals, genetic engineering tools, telecommunications, aerospace, and nanotechnology.
In the 1990s Samsung continued its expansion into the global electronics markets. Despite its success those years also brought about corporate scandals that afflicted the company, including multiple bribery cases and patent-infringement suits. Nevertheless, the company continued to make advancements on the technology and product-quality fronts, with a number of its technology products—ranging from semiconductors to computer-monitor and LCD screens—climbing into top-five positions in global market share.
The 2000s witnessed the birth of Samsung’s Galaxy smartphone series, which quickly not only became the company’s most-praised product but also frequently topped annual lists of the best-selling smartphones in the world. Since 2006, the company has been the top-selling global manufacturer of televisions. Beginning in 2010, the Galaxy series expanded to tablet computers with the introduction of the Galaxy Tab.
Apple iPhone and Samsung Galaxy
Apple iPhone and Samsung Galaxy
Apple's iPhone 4S, left, and Samsung's Galaxy S III, right, displayed at a mobile-phone shop in Seoul, South Korea, August 24, 2012.
Explanation:
please make me on brainylist
Concept Introduction:-
The act or activity of capturing with the mind is characterised as paragraph.
Explanation:-
A question has been provided to us
We need to find the solution to the question
Samsung is a South Korean firm that ranks among the top manufacturers of electrical goods. Samsung focuses in producing a wide range of consumer and business electronics, including integrated systems, digital media players, semiconductors, and appliances. It now ranks among the most famous names in technology and contributes to nearly one-fifth of all exports from South Korea.
Samsung
Samsung
Samsung is a South Korean company specializing in a wide variety of consumer and industry electronics.
© pcruciatti/Shutterstock.com
NEXT
Samsung
QUICK FACTS
DATE
September ,
- present
RELATED PEOPLE
Lee Kun-Hee
AREAS OF INVOLVEMENT
Textile
aerospace industry
Electronics
Home appliance
Semiconductor
Information technology
Smartphone
Manufacturing
Electronic system
Lee Byung-Chull established Samsung on September st,
, as a grocery trade store. Initially, he traded noodles and other products made in and around Taegu, Korea, sending them to China and its regions. Following the Korean War, Lee grew his company into the textile industry and established the biggest woollen factory in Korea. To assist his nation in recovering from the war, he placed a strong emphasis on manufacturing. During that time, his company profited from the new protectionist measures the Korean government had put in place. These measures aimed to aid the country's chaebol—large domestic conglomerates—by protecting them from rivalry and facilitating their access to credit.
To better compete in the textile sector, the company expanded its textile manufacturing methods during the s to include the entire production chain, from raw materials to finished goods. There were also the creation of new subsidiaries such Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Precision Company (Samsung Techwin). Additionally, the business began making investments in the chemical, petrochemical, and heavy sectors around this time, giving it a strong growth path.
Black-and-white televisions were Samsung's first products when they first entered the electronics market in with a number of electronics-focused subsidiaries. The business started exporting home electronics goods abroad in the
s. At the time, Samsung was already a significant South Korean manufacturer and owned a
share in Korea Semiconductor.
Subscribe to Britannica Premium to have access to special content.
Subscribe Now
Samsung's technological divisions had a rapid expansion in the late s and early
s. In addition to establishing separate semiconductor and electronics sections, an aircraft division was founded in
. In order to meet the expanding need for systems development among enterprises, Samsung Data Systems (now Samsung SDS) was founded in
. That aided Samsung's rapid rise to the top of the information technology services industry. Additionally, Samsung established two R&D centres that expanded the business's technological offerings to include electronics, semiconductors, high-polymer chemicals, tools for genetic engineering, telecommunications, aerospace, and nanotechnology.
Final Answer:-
The correct answer is the paragraph on South Korea’s Samsung Electronics.
#SPJ2