Strengths
Samsung is a successful manufacturer of electronics internationally i.e. mobile phones, televisions and liquid crystal displays.
It holds a twenty-four percent of the globe's market share thereby being the number one producer and marketer of the same.
It possesses long-standing and fundamental relationships with notable retailers in Europe and America thus providing regular channels of sale for its commodities.
Weaknesses
The market share of some manufacturers in China has notably grown e.g. Huawei's.
Samsung has a massive dependence on the sales of consumer electronics that puts a limitation on their income towards a potential growth.
Opportunities
There has been a rise in the smartphone market particularly in developing regions such as Africa and India.
Inventions of new and better technologies such as wearable gears.
Threats
The emergence of Apple as an active force in some markets such as the US. In this light, Samsung hasn't gained the reliability of clients as Apple has done.
Stagnation of the incomes for the middle earners in Samsung's critical markets could culminate to the deterioration of its revenue. ("SWOT analysis of Samsung", 2015)
A business ethic is a moral principle which guides the manner that the entity conducts itself. The strategies of a company should be ethical because they have the capacity of transforming the lives of individuals and also alleviating poverty through the generation of economic growths. For instance, by making contributions to the revenue of the government through taxes; schools, social amenities, and hospitals can be adequately funded. The Saint Leo values of responsibility require a scope of resourcefulness and optimization of all the societal resources for the achievement of aims and goals. Worth noting is that Samsung has a responsible stewardship program that is committed to the whole lifecycle of its commodities. It has policies that enhance its business activities all revolving around the design of the product, workplace activities and also the process of manufacturing.
The videos focus on the primary issue of the reduction in job opportunities for American citizens. The first one evaluates the decrease in factory jobs in the 21st century compared to the 19th century. Americans appear to be more inclined to taking up white collar work such as those given by Wall Street. The second video looks at how companies prefer to take their jobs to different nations. The outsourcing has resulted in a peaceful co-existence among the nations reducing cases of terrorism. Outsourcing has also provided cheaper labor for the firms. The last video contrasts the first two by evaluating the organizations that have opted to go against the tide of employment leaving the nation by continuing to offer jobs to American citizens. The aspect is quite expensive for the businesses, but they are willing to incur extra costs to maintain the quality of their goods and services. Such firms are recommendable since it is their duty first to promote those who are closest to them before outsourcing their operations, that is, they should provide jobs to the American citizens prior to penetrating the international scene.
Here, a discussion of the evolution Nike towards an international presence would be discussed.
Political- Nike hugely benefitted from the growth of oriented regulations in the international markets thus maintaining low rates of interests, a stability of the exchange rates and also a competitive arrangement of tax.
Economic- Nike has undergone problematic trading situations since the commencement of the financial crisis between 2008 and 2009 followed by an economic slowdown particularly in its Western markets.
Social- it has been a huge beneficiary of an increasing community preoccupation with fitness, as well as, health. Also, it has continued to face challenges emanating from its corporate social responsibility position.
Technology- Nike has maximally utilized technology in enhancing its digital framework, analyzing the demand of clients and also revising its market segmentation.
Environmental- it has constantly maintained a favorable position with regard to upholding a green environment.
Legal- It has quickly adapted to the trade policies and regulations in its areas of trading.
Here, a Driving Force Analysis of the automotive industry in India would be offered.
International agreements- Trade agreements between the country and other global markets has enormously boosted the production and consequently the exports of automobiles and their parts to far flung areas.
Government efforts- the regulatory frameworks offered by the Indian market has enabled a hundred percent foreign direct investment in the industry without any mandatory least level of investment permitted.
The most significant driving force is the government efforts that have hugely succeeded in opening up the market to other players. With this, the country hopes to achieve its objective of becoming a regional economic hub. The rationale behind this is that other international competitors have set shop in India because of the deregulation that the sector has undergone over time. ("Driving Forces of India’s Automotive and Auto Parts Sector", 2016)
An effective game plan is very significant for the long-term successes, as well as, the ability of the business to raise enough capital necessary for the growth of the entity in the competitive environment. The process would involve setting goals, explanation of the business objectives and consequently mapping the track to be taken. The steps to be undertaken include the examination of the unique strengths of the business, conducting an analysis of the competitors that goes hand in hand with the creation of a competitive advantage. Lastly, staying on a meaningful cutting edge e.g. through the provision of consumer wants, as well as, needs would propel the company to greater heights would be highly necessary for the increment of the organizations’ effectiveness and success in the ever-changing business environment. (Wagner & Schaltegger, 2003)
References
Driving Forces of India’s Automotive and Auto Parts Sector. (2016). Streetdirectory.com. Retrieved 16 March 2016, from http://www.streetdirectory.com/travel_guide/50550/car_parts/driving_forces_of_indias_automotive_and_auto_parts_sector.html
SWOT analysis of Samsung. (2015). PESTLE Analysis. Retrieved 16 March 2016, from http://pestleanalysis.com/swot-analysis-of-samsung/
Wagner, M., & Schaltegger, S. (2003). Introduction: How Does Sustainability Performance Relate to Business Competitiveness? Greener Management International, 2003(44), 5-16. http://dx.doi.org/10.9774/gleaf.3062.2003.wi.00003
