Samsung Company as Innovative Leader

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What do you think of when you hear the word innovation? I instantly think about technology and the technological advances that we enjoy daily. When deciding on what innovative leader to write about, I thought about my everyday life and what technology I cannot go a single day without. Of course, the one piece of technology is my smart phone. My Samsung smart phone makes my life easier. It contains my calculator, address book, internet, camera, and my source of contact with the outside world.

Majority of people believe that Samsung started out as a technology company in 1978. The truth is, Samsung was founded in the year 1938 by Lee Byung-chull. It was a Korean company that got their start as a grocery store. The company then expanded to include a sugar refinery in 1947. When Lee Byung-chull realized what a success the diversification made them, he decided to expand into insurance, retail, and securities. Samsung did not expand to include electronics until the 1960s.

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Before becoming the technological giant that they are known for now, the company washing machines. (Burris, 2018)

Samsung as we know it, started got their start in the year 1978. At that time, the company was known as Samsung Electronics America. Samsung is a mix of technology and humanity. The company is always looking for ways to make technology work to better humanity. The company’s focus is innovation. It has been said on many occasions that innovation if Samsung’s true passion. Due to this passion, Samsung experienced a number of “firsts” within their first several years of operation.

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“Samsung is a global leader in screen technology, TVs, batteries, and chip design” (Shaughnessy, 2013). Samsung developed and released their first mobile phone in the year 1988. This mobile phone was the SH100 and was released in Korea. Samsung developed the world’s very first digital television. The digital television was released in the year 1998. The company dabbled in several areas of technology. The developed mobile phones, televisions, laptops, video cameras, DVD players, and Blu-Ray players.

Samsung worked with Russians in their innovations. It was the Russians that helped Samsung to come up with the technology used in their smart phones. It was Russian engineers that helped to develop the innovation program that Samsung uses to innovate. The program is known as TRIZ. In 2003 TRIZ prompted 50 new licenses for Samsung and in 2004 one anticipate alone, a DVD get advancement, spared Samsung over $100 million. TRIZ is currently a mandatory range of abilities in the event that you need to progress inside Samsung. “Samsung Electronics has a sense of crisis that we have been a fast follower and we cannot survive anymore in this position. Instead of leading the industry by developing innovative products, we have followed fast what the leading companies had developed. Top management pointed out this and asked employee not to be a fast follower, but to be an innovative leader” (Shaughnessy, 2013).

Samsung presented its first lead Android telephone, the Galaxy S, at the Mobile World Congress in 2010. The telephone is presently in its third era and viewed as extraordinary compared to other cell phones you can purchase. Samsung discharged the Galaxy Tab in the fall of 2010. The 7-inch gadget was the principal standard Android tablet. Furthermore, that conveys us to today. Much obliged to a limited extent to its promoting achievement and incredible items, Samsung makes more cell phones than some other contender. (Kovach, 2013)

Samsung has a solid culture in their association since with the end goal to end up an inventive organization and world pioneer, their workers need the same comprehension about their business and furthermore business heading. A portion of the business societies that make Samsung a pioneer in the innovation period are:

  • The organization has their very own establishment, Changjo Kwan to shape their workers understanding about their business.
  • Only the CEO who has the ability to control the organization’s heading.
  • Becoming the provider before starting a new business.
  • Creating exorbitant obstructions by putting gigantic cash in plants and innovation to restrain the rivalry.
  • Trying everything to catch different market composes by delivering at various sizes, particulars, and models and offering at various costs. (Madani, Abdulai, Ha, & Koosawangsri, 2014)

Samsung today is in a decent space with taking off interest for all the more great portable and web gadgets. It is likewise situating itself for the innovations of things to come which incorporate driverless vehicles, web of things, and man-made brainpower. In spite of the fact that it doesn’t expect making driverless autos, it designs building up the product required. (Lynch, 2017)

Samsung has an open management style. Open management alludes to regard the self-sufficiency and innovativeness of workers and expelling snags in frameworks and practices to improve effectiveness and intensity, while elevating straightforward administration to develop in agreement with their clients. The way to Samsung’s open HR is human asset administration that advances measure up to circumstance, put aptitudes first and acknowledge human potential. (Jung, 2014)

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Samsung Company as Innovative Leader. (2021, Oct 15). Retrieved from https://studymoose.com/samsung-company-as-innovative-leader-essay

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