creating a new and innovative technology company essay

The rise in sales in Samsung Electronics’ smart phones is strongly related to brand development, the presence of strong software and hardware designs, as well as an extensive network of global distribution (Chansanchai, 2011). Remember that your company should be a place that people want to workDescribe the characteristics of the people you would want working at your company, in relation to the culture you are trying to cultivate.Identify two (2) leadership qualities you would look for in employees. This figure represents 25% of all employees at the organisation. Samsung Electronics needs to be aware of any new businesses that are developing within its industry, and monitor the strategies any new firms that develop. However, the challenge is determining the product of … Creating a Culture of Innovation (Essay Sample) Instructions: Imagine you are creating a new and innovative technology company. Although Samsung Electronics is developing as a strongly competitive electronics firm, that is competing with businesses such as Apple, the business still has significant progress that it need to make before it is counted within the top five or top ten brands worldwide. The starting up of a business is creation. Although the company has been growing within the electronics market, and recognised as a significant competitor, producing quality products, this has not always been the case. This gives it a competitive advantage over Apple, because it does not need to rely on the supply of these components from a competitor. However, there are limitations to this infrastructure. There is a large amount of rivalry within the current industry, particularly the large and influential companies, which includes both Apple and Samsung. This has occurred in part because the allocation of patents for software is often difficult, as innovation occurs in a step-wise manner, with one invention building on the previous one. A decrease in consumer spending can harm companies like Samsung Electronics, as it can lead to a decrease in sales. However, in 2011, Samsung Electronics took the leading market share in the sales of smart phones, and in 2012, the sales of the Samsung handset Galaxy S3 overtook the sales for Apple’s fourth generation iPhone (Griggs, 2012). This analysis shows that Samsung Electronics is subject to a large amount of competition from businesses that offer similar products, and that there is also a significant threat that new companies will enter this competitive environment. INTRODUCTION Technology, the word can be described as the branch of knowledge which deals with the creation … Likewise, the South Korean political environment is frequently unstable. Across different cultures, work is assigned different value and seeks to achieve different purposes. Disclaimer: This work has been submitted by a university student. Samsung Electronics places a strong focus on managing its processes so that they have the lost impact on the environment possible. What are the ways you can help ensure that the company’s culture fosters creativity and innovation among employees? Option 1: Imagine you are creating a new and innovative company in the technology or pet industry. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Use our professional writing service and receive: ✓High-Quality Papers ✓Plagiarism Free papers ✓Punctual Delivery ✓24/7 Support. Identify two (2) leadership qualities you would look for in employees. Samsung Electronics is also renowned for its innovation, receiving 30 Innovation Awards at the Consumer Electronics Show in 2012, which is considered to be the largest consumer technology tradeshow. *You can also browse our support articles here >. A final aspect of Samsung Electronics’ strategy for R&D is the development of a comprehensive R&D staff to aid in the development of new technologies. This may make it difficult for Samsung Electronics to continue to develop a competitive lead over other organisations within the industry. Because of the wide range of different products that are produced by Samsung Electronics, this report will consider one specific business field that can be technologically separated from the rest of the products produced by Samsung Electronics. There are currently many litigation cases that are being presented in courts throughout the world, and it is likely that these cases will continue to appear as both Apple and Samsung Electronics continue to produce new products. * Exceptional problem-solving skills- Employees should have the ability to resolve the problems that come up within the company. Furthermore, the boundaries between different innovations can often be difficult to determine. The company is focusing on continued growth and hopes to become the leader in the global IT industry (Samsung, 2012d). For example, Samsung Electronics has developed Smart TV models, which contain a slot at the back that enables consumers to remain up-to-date with technology as it improves without the need to purchase a new television model each time. In this case, it is vital for me to have employees with excellent characteristics especially when it comes to the organization culture that the company is trying to achieve. In particular, Apple is attempting to ban 17 different Samsung devices in a case that is currently before the courts (The Telegraph, 2012). A considerable challenge that Samsung has faced as an organisation is the way that it is perceived as a brand. While it is often considered to be highly innovative, the innovation of Samsung Electronics remains partially reliant on its previous model of imitation. Despite a strong focus on innovation, Samsung Electronics does still have organisational factors that limit the effectiveness of innovation. In contrast, within India and China, the political environment is more predictable and conductive to Samsung (Yu, 1998). This is not an example of the work produced by our Essay Writing Service. In this assignment, consider the culture, management, and leadership of your organization. In this assignment, consider the culture, management, and leadership of your organization. F2D74423 When there is negativity in an organization, employees are likely to transfer to other organizations (Herzog, 2011). This is also a positive aspect in terms of obtaining consumer support, as many consumers are concerned about the environment and are more likely to purchase from a company that appears to care for the environment. Samsung is a South Korean company and although it has now expanded throughout the world, its roots remain in South Korea and the cultural influences of this region are important for the company’s previous and current development. Retrieved from Samsung (2012b). Our custom writing projects are unique and tailored to our customers specific requirements. Property listings for investment will be listed on the platform for the investors and one can carry out an appraisal of the property. Marketing In this assignment, consider the culture, management, and leadership of your organization. Due Week 3 and worth 200 points. this class is about the Internet and hackers and developers. Political: Samsung Electronics sells its products throughout the world, and because of this, it faces many political risks in some of the countries in which it operates. All work is written to order. The patents that Apple owns may potentially make it very difficult for Samsung Electronics to develop new innovative technology and introduce it into the highly competitive mobile phone and mobile computing market. When there is effective communication there is transparency between the employees; therefore, chances of rumors and gossips are likely to reduce. Explain the important contributions of grace hopper. This has resulted in a large number of businesses reducing their forecasts for profits and sales (Chandra, 2011). It has recently become the number one seller of smart phones in the world, exceeding the sales of its primary competitor, Apple Inc. Cloudflare Ray ID: 5ec83f707e5797a2 Samsung Electronics faces significant challenges in the present, as well as in the future, including patent litigation from Apple, and a highly competitive IT market.

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