Ovidius University Annals: Economic Sciences Series (Feb 2024)

A Story of Vision and Leadership: Unveiling the Samsung Electronics Brand's Path to Success

  • Komalpreet Kaur ,
  • Elena Zhao ,
  • Vanina Adoriana Trifan

Journal volume & issue
Vol. XXIII, no. 2
pp. 491 – 500

Abstract

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The present study highlights the remarkable journey of the world-famous electronics brand Samsung. Beginning as a small manufacturing entity, the company grows rapidly, resulting in a renowned brand. Competing directly with several innovation-driven companies, such as Apple, Samsung maintains its place in the market and keeps growing. The article discusses in detail some of the fascinating events that became the turning points in Samsung’s journey and pushed it to rethink its strategy. The main purpose of this study is to offer a deeper understanding of the business approach and culture of Samsung. Being a Korean company, its brand values also reflect in the company culture. Its strong vision, self-belief, and willingness to grow helped Samsung achieve such great heights and dominate the global tech industry.

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