Micro Web Journal

In: Business and Management

Submitted By oreoboy
Words 1762
Pages 8
Weblog Assignment for Samsung 1.0 Introduction of the firm
The firm that I choose for the assignment is Samsung. It is a conglomerate corporation and its market structure is Oligopoly. It is a corporation that includes variety of business such as Petrochemicals, Heavy Industries, Life Insurance, Fire and Marine insurance, Securities Company, Venture Investment Corporation and others (Samsung, 2013). Samsung was establish in the year of 1938 by Lee Byung-Chull, the founder of Samsung from Daegu, Korea (Samsung, 2013). In year 1938, Samsung firstly focus on the business on trade export that sells vegetables and fruits to Manchuria and Beijing (Samsung, 2013). Samsung has evolved to the modern global corporation in these days by still using the same name. The location of Samsung is located all over the world and the headquarters is located in Seoul, South Korea. The types of economic goods that is produced by the company includes mobile devices, mobile accessories, television, audio and video player, camera and also home appliances (Samsung, 2013). In year 2012, Samsung has been ranked 20th as the world’s most admired companies by Fortune (Samsung Profile, 2013). The size of Samsung is large as it have many types of business in it. In year 2012, Samsung has earned a net sales of RM 268.80 billion, net income was RM 26.20 billion and the number of employees reach 425 thousands in year 2012 (Samsung, 2013). Samsung also has its own Values and Philosophy. The core values of Samsung are People, Excellence, Exchange, Integrity and Co-prosperity as they believe that living by strong values is the key to a good business (Samsung, 2013). Besides that, Samsung also devote its talent and technology to creating superior products and services that contribute to a better global society by following a simple business philosophy (Samsung, 2013). Samsung has its economic problems…...

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