Monday, October 17, 2016

Ch. 5 - Developing a Global Vision


Samsung is most certainly a multinational company. With its head quarters in South Korea, they have over 270,000 employees in over 36 countries. They are required to follow the import and export laws of each country they reside. Internationally, Samsung Galaxy phones are considered the most available and desired. Compared to the 80,000 people that work for iApple everywhere, Samsungs reach has extended way beyond that what it once was 10 years ago with a mere 70,000 employees, mainly regionally located in Korea. Without Samsung's knowledge of individual/international markets, they thrive under the satellite offices based on hiring of the local community where that may be.
Samsung is one of the only cellphone manufacturers today that don't yet apply contract manufacturing to their company standard. Samsung manufacturing factories are located in Korea, where the in house labor is still considered an underpaid job. Many phone companies like Apple and Verison outsource the manufacturing of their product overseas to reduce their production cost. These kinds of decisions can often discredit a company from moving American jobs overseas and can cost companies their customers. With Samsung's home base in Korea, although they have inquired into the possibility of out sourcing to places like India or Bangladesh, they remain the sole manufacturers of their product today.

No comments:

Post a Comment