Strategy of Samsung Essay Example | Topics and Well Written Essays - 4750 words

Strategy of Samsung - Essay Example The ultimate aim was to make Samsung a premium brand - one that, like Sony, would not have to compete on price. Steadily, it started building initiatives for transforming itself into a global brand and consolidates its presence in global markets. Samsung Company was established in 1969 as the flagship company of Samsung Corporation. After LG (Lucky Goldstar) and Daewoo, it was ranked the third largest player in the Korean electronics market. The Samsung Group comprises of The six elements of Samsung organization (Strategy, policies, structure, systems Climate, and culture) dynamically affect one another. Each element interacts with the environment as a business strives towards its goals. The problem definition/action planning process requires that a manager look at all six elements of the organizational model to determine which action levels will exist to implement positive change. If he environment changes, the organizational elements must adapt No organization exists in isolation. Every organization exists in an environment where it interacts with, and is influenced by, the general public, specific groups (whether they be customers, clients, suppliers, pressure groups, etc) and/or various government bodies. The organization is also affected by the economic, political, legal, social, technological and international variables of the times. All managers, whether they work in the public or private sector, operate in the same external environment. They face common pressures that the environment exerts on them. However, the nature of their work and the type of organization they work for will determine how these common environmental factors are perceived - whether they are seen as positive or negative, threats or opportunities. (Yvonne 15) Strategy is the most exciting part of manager's work in an organization because it gives the chance to put all his new skills to work. Strategic thinking involves a comprehensive analysis of a business in relation to its industry, its competitors, and the business environment in both the short- and the long-term. Ultimately, strategy is a company's plan to achieve its goals. Corporate managements often do not know clearly what they want or how they'll get there. Corporations need well thought-out strategic plans or inevitably they will become victims of the marketplace instead of being the victors who shape it. As well as being aware of the influence of the external

White Collar Crime and Corporate Crime. To what extent are the Essay

White Collar Crime and Corporate Crime. To what extent are the regulatory regimes for White Collar Crime (WCC) and Corporate Crime (CC) working - Essay Example The reason behind these concerns is simple, regulations have always prioritized street crimes over WCC and when it comes to corporations, regulations take these offences lightly. It seems governmental regulations seek their benefit in every 'large scale' crime. Apart from the legislator concern, public uphold the opinion in the following words: "There is always a lingering suspicion that the white-collar criminal is getting off leniently in our justice system". (Poveda, 1994, p. 4) In this respect, an awareness of white collar and corporate crime officially encourages us to think critically about the nature of crime and how regulations deal with it. One of the defining characteristics of white-collar crime is their conflicting characteristic both on the one hand of upstanding citizen, in terms of their contribution to voluntary civic activities for example, and on the other criminal, displayed through the harm they caused through their illegal activities (Benson, 1984). Economic or white-collar crimes are performed on a large scale, sophistically such as fraud committed on behalf of organization or against any corporation, and antitrust violations are notoriously difficult to quantify because victims often do not know they have been subject to a criminal offense. Since they are committed on a broader spectrum, therefore government is not much concerned about them as compared to other crimes. Therefore, there is no central regulation or survey application or reporting mechanism to combat with these sorts of crimes or the losses occurred by their frauds. Apart from the critics if we analyse regulatory efforts, it is clear that Government regulatory agencies after crime occurrence collect the original figure of fraud thereby reporting them as they see fit. However, it is often difficult to verify their methodology of reckoning accurate figures that can be compared in any meaningful way. Behind the continuous growth of such crimes, is the organised criminality left over from the operation of licit markets and their regulation to suggest that governmental interventions are having the unintended consequence of generating organised criminal activity within and without national boundaries. (Edwards & Gill, 2003, p. 143) Therefore, unlike violent or street crime, WCC and CC is not analysed or measured through investigations like victim surveys, or comprehensive surveys of the incidence or cost of white-collar crimes. Similarly there is no sampling methodology like fingerprints and crime definitions are seldom transparent, making comparability across crime particularly difficult. However, if the estimates are to be believed, white-collar crime causes tangible losses far in excess of tangible losses associated with street crimes. The regulatory regimes of such broad offences first determine what counts as crime in a particular society. 'Crime and Punishment' gets this right; 'Crime and Society' doesn't. Yet law, a commodity with which the state is endowed, defines and shapes not only spheres of 'outright illegality' like WCC and CC crime, but also certain 'zones of ambiguity'. The ambiguity in the state's relation to law may be evoked by saying that the state has for ages been favoring illegality directly or indirectly. This is nowhere clearer than in the way that state exaction, regulations, and prohibition influence and even determine the incidence of criminal and organized criminal activity (Farer 1999, p. 251). More than any other form of state intervention, it is