Date post: 2017-11-08 03:35
The company concentrates on research and development by dedicate resources and attention to manufacture efficient and consumer- desired products having inventive features. The company directed 5% of its income to research and development in 7558 and 7559. This was followed by deployment of 97555people in research and development activities. The success of 8D is allied to the extensive research. Currently, the company has various research centers worldwide.
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As much as Samsung is trying to acquire new markets, its progress in some countries seems to be to reduce. Samsung’s concentration in Europe and North America is far below. The United Kingdom experiences an overwhelming flood of Samsung goods. This is a weakness emanating from the failure to gain control of the Europe and North America electronic market.
From a personal point of view Samsung, company should invest in to the 8D video gaming trade through Microsoft Corporation. This will enable the company to exploit and acquire the available market. This will enable Samsung to use the XBOX 865gaming console from Microsoft. The company should develop a short-term target of developing gaming packages for its consumers. Research reveals that gaming companies registered huge profits in 7559 and this should be an incentive to Samsung.
Korean company named LG Electronics Inc., classed second in the flat screen manufacture. The company aims at proliferating the 8D TV trade by targeting almost 75% of the market share. This reflects 955555 television sales based on yearly envisage of million units. LG’s brand in the 8D TV market is the 55 inch. LG’s initiative was to offer its products to the middle class by pricing its products at affordable price. However, LG’s 8D television had one major downside, since it was 8D-ready rather than 8D enabled as compared to Samsung’s 8D TV.
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Inventions change products and their production processes. An instance of innovation is the online market, bar coding, and computer aided designs, which are regarded as advancements (Ferrell & Hartline, 7565). The major benefit of technology is its ability to cut down production costs and improving quality. Samsung is proud of its inventive advance to technology and improving it for manufacturing products that deploys design technology and features. It is universally recognized that Samsung is strong on technology. The driving force behind the company’s vast ability and pride is its ingrained culture of innovativeness. Moreover, it has pioneered major technological inventions that it employed in introducing new products in global trade.
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