Business Policy case analysis on Samsung Electronics - it is a case Essay

Business Policy case analysis on Samsung Electronics - it is a case analysis and I will attach the case and more details below - Essay Example gion, for this purpose one of the main things that need to be studied are the strengths and weaknesses of the company, a SWOT analysis for the company follows. SWOT is basically an acronym for Strengths, Weaknesses, Opportunities and Threats, where strengths and weaknesses are internal and opportunity and threats exist in the external environment, with this basic understanding let us now discover the strengths of Samsung. Strengths for Samsung would be its human resources, because Samsung places such a high value on its human resources and believes in rewarding its labor and not punishing them makes a whole lot of difference because employees are more motivated to work and they have a strong sense of loyalty to the company; this makes a whole lot of difference as people would put in more effort for the company to succeed in achieving its targets and in bad times they would be much more supportive of the company which may include accepting a lower wage for the period that the company is suffering because there is a sense of ownership and belonging with respect to the company. At Samsung this is achieved by relieving the employees of the 90% of their burden such as healthcare for them and their family and retirement , with these burdens taken care of, it allows employees more freedom to concentrate on their work rather than worrying about other things.. Another important aspect is that Samsung places a lot of value on high quality and it develops that through research and development, it spends heavily on research and development and it has been unique in developing the way that it encourages people to research. It has an annual competition between two teams, one in California and the other in Korea itself, these two teams develop a new and better product each other and have been the source of many new product designs for Samsung, this is a strength that most of its competitors may lack and it gives Samsung a definitive edge over other competitors in the market, it