Samsung

Samsung

Introduction

Samsung has come a long way from the advent of the landline phones as well as increasing the avenues for the wireless communication. It is one of the biggest technological firm of the world. If one looks at the way technology has improved, the youngsters at the moment have such technology in their tiny cell phones that even the some of the previous governments were not getting the hold of such technology. This has been a huge turnaround for a company that at the initial level was just hoping that they have is the company that was more focused on the trade export, selling of the vegetables in the market and the technology was not on the things that they had on their minds. So, it shows that how the company can change it ways of production with the passage of time. The market penetration of the Samsung is also very astonishing to say the least. Every 1 out of the 4 mobile is equipped with the chip that belongs to Samsung. This is the fact of the matter is that the electronics division is one of the many subsidiaries of the Samsung. There are about 34 companies that are the part of the Samsung group. Like most of the multinational companies, Samsung have also made the best of their wide and global reach.

Discussion

There are many advantages of the multinational companies. For instance, they might create some new employment opportunities for the people and at the same time, they also bring some much needed revenue to the community. There are many ways through which Samsung had affected the global community. When there is lot of the subsidiary companies, then there is a fair chance that the creation of the jobs for the local communities is greater. At the same time, rather commendably, Samsung has been determining that they want to bring down their level of global emissions (Kim & Ko, 2010). They are making it happen with the help by gaining access to the raw material in a manner that is more environments friendly. There are many goal that company has set for itself in the coming years. For instance as per their report that was released in 2012, they have brought down their level of greenhouse gas emission down by more than 47% (Magnusson, 2011).

The product and/or its component parts manufactured and/or assembled

Samsung has invested just about $ 1.7 bn in the technology infrastructure in the last five years and it is a sizeable amount when one takes into consideration the global economic meltdown. There are number of plants that are made in the United States of America that are supplying different parts of the phones. The overall manufacturing process is kept as a tight secret and just like lot of the other multinational companies, Samsung has also kept some of its processes as secret (Kim & Ko, 2010). The way they are conducting their operations and some of their methods are indeed closed as they ...