From its inception as a small export business in Taegu, Korea, Samsung has grown to become one of the world’s leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration. Today Samsung’s innovative and top quality products and processes are world recognized. Samsung is part of the fabric of our lives. As a global leader Samsung are at the forefront of change, anticipating today what its customers around the world will want tomorrow.
Samsung is guided by a singular vision: to lead the digital convergence movement. Samsung believe that through technology innovation today, they will find the solutions they need to address the challenges of tomorrow. From technology comes opportunity—for businesses to grow, for citizens in emerging markets to prosper by tapping into the digital economy and for people to invent new possibilities. It’s their aim to develop innovative technologies and efficient processes that create new markets, enrich people’s lives and continue to make Samsung a trusted market leader.
Everything done by Samsung is guided by their mission, which is: to be the best “Digital-εCompany”. Digital stands by the meaning: to create technology products and services that lead the industry. “E” stands by the meaning: to put into place the most efficient management and production processes.
The Samsung Philosophy
Samsung follow a simple business philosophy: to devote their talent and technology to creating superior products and services that contribute to a better global society. The result is that all of Samsung products—from memory chips that help businesses store vital knowledge to mobile phones that connect people across continents— have the power to enrich lives. And that’s what making a better global society is all about.
Samsung believe that living by strong values is the key to good business. Their core values (People, Excellence, Change, Integrity, Co-prosperity) are at the heart of every decision they make. People: Quite simply, a company is its people. At Samsung, they are dedicated to giving their people a wealth of opportunities to reach their full potential. Excellence: Everything they do at Samsung is driven by an unyielding passion for excellence—and an unfaltering commitment to develop the best products and services on the market. Change: In today’s fast-paced global economy, change is constant and innovation is critical to a company’s survival.
As they have done for 70 years, they set their sights on the future, anticipating market needs and demands so they can steer their company toward long-term success. Integrity: Operating in an ethical way is the foundation of their business. Everything they do is guided by a moral compass that ensures fairness, respect for all stakeholders and complete transparency. Co-prosperity: A business cannot be successful unless it creates prosperity and opportunity for others. Samsung is dedicated to being a socially and environmentally responsible corporate citizen in every community where they operate around the globe.
- To realize their values, Samsung follow five (5) principles:
- Comply with laws and ethical standards
- Respect customers, shareholders, and employees
- Maintain a clean organizational culture
- Exercise Care for the environment, health, and safety
- Being socially responsible corporate citizen
Cite this essay
Samsung Corporation Vision and Mission. (2016, Jun 05). Retrieved from https://studymoose.com/samsung-corporation-vision-and-mission-essay