The paper “ Management Journey of Samsung Electronics Company” is a well-turned variant of the research paper on management. The study focused on the management journey that Samsung Electronics has made in the electronic industry that has led to its success. The objectives of the study, therefore, were to evaluate the impact of Yun in changing the company, to analyze the criteria the company has used to dominate the industry, and to evaluate Samsung as a learning organization in the business environment. The study relied on primary and secondary data and information to achieve the objectives.
It used a literature review as a source of secondary information and data and a single-case design method to obtain primary data from the participants who were selected from Samsung company. The Study found out that Yun brought innovative culture in the company that completely transformed it, as the company was able to come up with many innovations during its tenure. Innovation, therefore, has been the strategy that has given Samsung a competitive advantage in the market. The Study recommended that organizations should invest in research and development to boost innovation and creativity. IntroductionInnovation has become one of the fundamental aspects that have played a significant role in influencing the industrial and economic development of various economies and industries across the world (Sá nchez et al. , 2011).
The primary goal of any government in the 21st century is to improve the innovation capabilities of various industries in order to improve the quality of goods and services that they offer. Therefore, innovation has become a long-term agenda to ensure the sustainability of various companies in the world.
Consequently, innovation has become a very important aspect in various companies for them to secure their sustainability and to gain a competitive advantage in their respective markets. There is a close relationship between a company’ s competitive advantage in the market and the innovation that it undertakes. According to the concept of strategic adaptation, the strategy is a dynamic process that requires adaptation to be the primary aspect that is required to attain a competitive advantage and sustainability of a company in both the private and public sectors (Sá nchez et al. , 2011).
Baker, W.E., Sinkula, J.M. (1999), "The synergistic effect of market orientation and the learning organization on organizational performance", A Journal of the Academy of Marketing Science, Vol. 27 No.4, pp.411-27
Balogun.J and Hope Hailey.V, 1999, Exploring Strategic Changes, Prentice Hall
Barber, Ben, "South Korea's Troubles Are Blamed on 'Chaebols,’” A Washington Times, December 25, 1997.
Brooke, James, "Samsung Tries to Keep Outgrowing Economic Woes,” An International Herald Tribune, April 28, 2003.
Dempsey, Michael, "Jong-Yong Yun of Samsung Electronics, “A Financial Times, February 4, 2002.
Greenstone, M., 2011. The importance of Research and Development (R&D) for US competitiveness and a clean energy future. MIT Center for Energy and Environmental Policy Research.
Isom, C.J. and Jarczyk, D.R., 2009. Innovation in small businesses: Drivers of change and value use. Small Business Administration, Office of Advocacy.
Jiménez-Zarco, A.I., Martínez-Ruiz, M.P. and Llamas-Alonso, M.R., 2006. Analysis of ICTs Opportunities on Firm’s Success: An Innovation Process. Problems and Perspectives in Management, 4(4), pp.84-94.
Jung, S.C., 2014. The Analysis of Strategic Management of Samsung Electronics Company through the Generic Value Chain Model. International Journal of Software Engineering and Its Applications, 8(12), pp.133-142.
Kratochwill, T.R. and Levin, J.R., 2010. Enhancing the scientific credibility of single-case intervention research: Randomization to the rescue. Psychological Methods, 15(2), p.124.
Nischithaa, P. and Rao, M.L.N., 2010. THE IMPORTANCE OF TRAINING AND DEVELOPMENT PROGRAMMES IN HOTEL INDUSTRY.
Parker, R.I. and Brossart, D.F., 2003. Evaluating single-case research data: A comparison of seven statistical methods. Behavior Therapy, 34(2), pp.189-211.
Pedler, M., Burgogyne, J. and Boydell, T. 1997.A The Learning Company: A strategy for sustainable development. 2nd Ed. London; McGraw-Hill.
Peter Senge (1990), A the Fifth Discipline: The art and practice of the learning organization, Doubleday, New York, Page .105, 164
Ruffa Morato, A Company Case Studies Technorati Tags: A company case study, An Essay samples, September 30, 2009, retrieved 7 July, http://ivythesis.typepad.com/term_paper_topics/2008/09/sample-essay-sa.html
Sánchez, A., Lago, A., Ferràs, X. and Ribera, J., 2011. Innovation management practices, strategic adaptation, and business results: evidence from the electronics industry. Journal of technology management & innovation, 6(2), pp.14-39.
Wrigley, N., Currah, A. (2003), "The stresses of retail internationalization: lessons from Royal A hold’s experience in Latin America”, International Review of Retail, Distribution and Consumer Research, Vol. 13 No.3, pp.221-43.
Yeung, H.W.C., 2007. From followers to market leaders: Asian electronics firms in the global economy. Asia Pacific Viewpoint, 48(1), p.1.