Established in 1969, Samsung Electronics
has emerged as a major player in the world electronics
industry. Samsung Electronics today has 25 production
bases worldwide and 59 sales subsidiaries in 46
countries. Samsung Electronics global strategy involves
eight main regions: North America, Europe, Southeast
Asia, Central Asia, Middle East & Africa (MEA), China,
CIS and Latin America. Based on its vision of 'digital
convergence' where everything will be integrated through
networks, Samsung Electronics has currently positioned
itself into four main business units, Home Network,
Office Network, Mobile Network, and Core Components,
producing the world's most innovative digital products.
Currently, Samsung Electronics is the world's largest
computer display manufacturer.
It employs over 66,000 people in some 50 countries
worldwide. Samsung Electronics is ranked 20th on the
Global Brand Scoreboard according to the BusinessWeek
Magazine.
Samsung is best known for the success it has had in the
memory semiconductor industry. From 1992, Samsung
Electronics is positioned at the top of the DRAM
(dynamic random access memory) semiconductor market.
Since then, it has diversified its financial structure
and is considered the number 1 company in market share
for memory semiconductor chips, TFT-LCDs (thin film
transistor liquid crystal display), CDMA (code division
multiple access) mobile phones and computer monitors. It
is also ranked number 4 by sales in the semiconductor
industry and number 6 by units in the mobile phone
industry.
4 Strategic business areas
SAMSUNG Electronics will strengthen its already strong
core components business such as memory chips
and TFT-LCDs, and shall focus on high valued products
such as system LSI, small & mid-size LCDs, and optical
components. Also in future, based on even SOC (System On
a Chip) and SOP (System On a Panel) that are main parts
of all machinery industry, we will focus on three
network business areas.
First of all, our Home Network business is centered on
digital TV and home server and home gateway business.
Secondly, Mobile Network business is based on wireless
handsets and we will expand this business into PDAs and
laptops as well as setting up the next generation
telecommunications, IMT-2000 system. Thirdly, in Office
Network business, we will focus on printers, IP
Terminal, infomobile as well as existing display area.
SAMSUNG Electronics has 9 tier 1 products in the global
electronics market. Addition to this tier 1 products, -
memory chips, TFT-LCDs, CDMA handsets, and display
devices and so on- we will expand digital TVs, IMT-2000,
computer peripherals, and Home Appliances as our new
tier 1 products to strengthen 4 strategic business areas
and setup firm foundation for future growth. Also, we
will also focus on core components such as SOC, SOP and
so on that are essential for network products based on
core R&D technology and e-Process.
Mission and Vision
Vision of SAMSUNG Electronics is "Leading the Digital
Convergence Revolution" and our mission to carry out
this vision is "Digital-e Company".
There are two parts of being a "Digital-e Company", and
the first is clearly about being "Digital" producing not
just digital products, but products that inspire digital
integration across our entire company. The second part
of being a "e" is to use e-Processes connecting R&D,
production, and marketing to customers, partners, and
the market-disciplined approach is the way we bring
value to every part of our supply chain, including
products data to and customer relationship through
Enterprise Resource Planning(ERP).
SAMSUNG Electronics will network core components such as
memory chips, system-LSI and LCDs as well as A/V,
computers, telecommunication devices, home appliances
and other stand-alone products into a total solution of
digital convergence era.
For this goal, SAMSUNG Electronics restructured into 4
strategic business areas - Home Network, Mobile Network,
Office Network and Core components - that support
network products. Also, we have pioneering products and
technology in semiconductors, telecommunication devices
and home appliances field, which will make SAMSUNG
Electronics a most competitive total solution provider
in digital convergence era.
Early establishment of e-Process
To reduce leading time on supply chain SAMSUNG
electronics networked 4 processes of Business management
process, customer management process, R&D management
process, and supply chain management process. It is
e-Process that connects R&D, production, marketing and
customers, mainly concerns customers and market. Also,
as we acknowledge need of IT infrastructure to speed up
4 processes, we adopted ERP(Enterprise Resource
Planning) system in domestic and overseas subsidiaries.
SAMSUNG Electronics will converge and network SCM
(Supply Chain Management), PDM (Product Data
Management), and CRM (Customer Relationship Management)
system and set up global real-time management
information system.
Brand Value
In digital era, products will be distinguished by its
brand more than by its functions or by its quality.
Since 1999 SAMSUNG Electronics is practicing global
brand communication strategy. Based on the research done
by Interbrand INC., USA, SAMSUNG Electronics is the
World's fastest growing brand speaking in terms of brand
equity.
In the future, SAMSUNG Electronics will practice
holistic marketing strategy instead of individual
marketing plans to strengthen its market power and
increase brand value with high quality products. Under
the brand concept of "Wow, Simple, Inclusive", SAMSUNG
Electronics is launching a worldwide brand campaign.
Market oriented Enterprise
SAMSUNG Electronics provides unique solution that fits
customers' needs. For this, we will expand marketing
platform based on global CRM (Customer Relationship
Management) that is applicable to all products. Also we
will develop a digital network platform that improves
compatibility between products to serve our customers
with the best solution. SAMSUNG Electronics is and will
put our customers need first and practice a
market-driven company to become a more reliable company.
Samsung has further set the standard in the Middle
East’s consumer electronics industry with launches of
several first-of-a-kind digital products.
Samsung developed the U-track feature, the first
anti-theft system to be found on a mobile phone. Samsung
was also the first to launch Blu-Ray disc players, the
next generation HD storage format, and continued its
commitment to redefining the HDTV industry with the
launch of the new M8 series – the thinnest, clearest,
most elegant LCD TV as of yet.
Other technological advances include the launch of an
air-conditioner series that fights SARS, bird-flu and
second infections.
In 2006, Business Week hailed Samsung as the 20th Best
Global Brand as well as the 12th most innovative company
worldwide. Other recognitions include a number one
ranking in ‘Asia’s Best Companies’ by Finance Asia, and
the fifth ‘Most Admired Electronics Company in America’
by Fortune.
In the MENA region, Samsung scooped the ‘Manufacturer of
the Year 2006’ and ‘LCD TV Manufacturer of the year
2006’ awards by PC Magazine ME.
In June 2005, Samsung became the Sponsor of Chelsea FC,
one of Europe’s most popular football clubs. Samsung
also sponsored the Dubai Desert Classic, part of the
official world golfing season, attracting world class
golfers, such as Tiger Woods and Ernie Els.
Samsung’s sponsorship of the 2006 Asian Games marked
Samsung’s two-decade commitment as official sponsor.
Samsung also had the honor of selecting the Asian Games’
Most Valuable Player (MVP) by awarding the most
deserving with the Samsung MVP Award. Samsung also
hosted a digital gallery at the Samsung Lounge.
Samsung has also extended its official sponsorship of
the Olympic Games through to 2016.
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