Vision Mission Samsung's vision is to "Inspire the world, create the future" through innovative technologies, products, and solutions (Haizar et al., 2020). Their focus is on delivering high-quality products and experiences that lead the future market. Samsung's vision is to inspire the world and create a better future through technology. This vision captures Samsung's long-term goal of being a global leader in innovation and shaping a sustainable future through its product offerings. Samsung's innovation strategy, particularly in areas like smartphones, appliances, and semiconductors, supports this vision (Haizar et al., 2020). However, to remain competitive, Samsung can strengthen its vision by explicitly incorporating sustainability goals, which are increasingly becoming crucial in tech industries. Samsung's mission is to "Devote its human Samsung could enhance its vision statement by integrating a stronger emphasis on sustainability and global social responsibility. This change would align the organization with current trends in corporate governance that prioritize environmental and social factors. Additionally, introducing a commitment to ethical Al and technological advancements can set a foundation for future- oriented innovation, resonating with their brand promise (Nguyen, 2024). To improve its vision, Samsung should focus on a future that integrates sustainability and innovation. Companies like Samsung must acknowledge that consumers are placing more importance on environmental impact, and by incorporating a sustainability-focused vision, Samsung could inspire more eco-conscious consumers and employees. Recent strategic initiatives like eco-packaging for their appliances and a commitment to reducing carbon emissions demonstrate their progress in this area (Nguyen, 2024). To make the mission more impactful, Samsung Copyright 2022 by University of Phoenix. All rights reserved. Values Туре Details Samsung's purpose is aligned with making a meaningful contribution to global society through innovation. This purpose is evident in Samsung's leadership across multiple sectors, from consumer electronics to healthcare innovations. For instance, the Samsung Production System has been applied in Vietnamese firms to optimize manufacturing processes, creating jobs and boosting local economies (Nguyen, 2024). Samsung's core values include people, excellence, change, integrity, and co-prosperity (Haizar et al., 2020). These values guide the organization's approach to business and innovation. Samsung's core values include innovation, people, excellence, change, and integrity. These values are ingrained in its business operations and reflected in its relentless pursuit of cutting- edge technology and user-centered designs. The company's commitment to innovation is evident in its diverse product lines, including smartphones, home appliances, and medical technology. Samsung's corporate values also highlight the importance of ethics and social responsibility, which can be seen in their ongoing efforts to improve working conditions in supply chains (Nguyen, 2024). Suggested Actions for Improvement can build a stronger connection between innovation and environmental sustainability. By doing this, Samsung can not only grow its global influence but also contribute to a more sustainable planet. The values can be expanded by adding transparency and sustainability. These are essential in building trust with customers, employees, and stakeholders globally. Additionally, a focus on collaboration with different industries and cultures could be included, promoting a sense of global partnership and inclusiveness. However, there is always room for improvement, particularly in aligning values with emerging global concerns. For instance, while Samsung emphasizes innovation and excellence, it should also integrate sustainability more deeply into its core values. Incorporating sustainability as a fundamental value can improve the company's global image and create long-term brand loyalty, especially among environmentally conscious consumers. Samsung's future values could thus better align with environmental stewardship, equity, and inclusivity, as these are becoming increasingly essential for long-term corporate success (Dirwan, 2022).

Vision Mission Samsung's vision is to "Inspire the world, create the future" through innovative technologies, products, and solutions (Haizar et al., 2020). Their focus is on delivering high-quality products and experiences that lead the future market. Samsung's vision is to inspire the world and create a better future through technology. This vision captures Samsung's long-term goal of being a global leader in innovation and shaping a sustainable future through its product offerings. Samsung's innovation strategy, particularly in areas like smartphones, appliances, and semiconductors, supports this vision (Haizar et al., 2020). However, to remain competitive, Samsung can strengthen its vision by explicitly incorporating sustainability goals, which are increasingly becoming crucial in tech industries. Samsung's mission is to "Devote its human Samsung could enhance its vision statement by integrating a stronger emphasis on sustainability and global social responsibility. This change would align the organization with current trends in corporate governance that prioritize environmental and social factors. Additionally, introducing a commitment to ethical Al and technological advancements can set a foundation for future- oriented innovation, resonating with their brand promise (Nguyen, 2024). To improve its vision, Samsung should focus on a future that integrates sustainability and innovation. Companies like Samsung must acknowledge that consumers are placing more importance on environmental impact, and by incorporating a sustainability-focused vision, Samsung could inspire more eco-conscious consumers and employees. Recent strategic initiatives like eco-packaging for their appliances and a commitment to reducing carbon emissions demonstrate their progress in this area (Nguyen, 2024). To make the mission more impactful, Samsung Copyright 2022 by University of Phoenix. All rights reserved. Values Туре Details Samsung's purpose is aligned with making a meaningful contribution to global society through innovation. This purpose is evident in Samsung's leadership across multiple sectors, from consumer electronics to healthcare innovations. For instance, the Samsung Production System has been applied in Vietnamese firms to optimize manufacturing processes, creating jobs and boosting local economies (Nguyen, 2024). Samsung's core values include people, excellence, change, integrity, and co-prosperity (Haizar et al., 2020). These values guide the organization's approach to business and innovation. Samsung's core values include innovation, people, excellence, change, and integrity. These values are ingrained in its business operations and reflected in its relentless pursuit of cutting- edge technology and user-centered designs. The company's commitment to innovation is evident in its diverse product lines, including smartphones, home appliances, and medical technology. Samsung's corporate values also highlight the importance of ethics and social responsibility, which can be seen in their ongoing efforts to improve working conditions in supply chains (Nguyen, 2024). Suggested Actions for Improvement can build a stronger connection between innovation and environmental sustainability. By doing this, Samsung can not only grow its global influence but also contribute to a more sustainable planet. The values can be expanded by adding transparency and sustainability. These are essential in building trust with customers, employees, and stakeholders globally. Additionally, a focus on collaboration with different industries and cultures could be included, promoting a sense of global partnership and inclusiveness. However, there is always room for improvement, particularly in aligning values with emerging global concerns. For instance, while Samsung emphasizes innovation and excellence, it should also integrate sustainability more deeply into its core values. Incorporating sustainability as a fundamental value can improve the company's global image and create long-term brand loyalty, especially among environmentally conscious consumers. Samsung's future values could thus better align with environmental stewardship, equity, and inclusivity, as these are becoming increasingly essential for long-term corporate success (Dirwan, 2022).

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Base on Samsung how can I Evaluate why this change needed to occur.

Evaluate how this change impacts the company on a global scale.

Evaluate how this change impacts employees.

Using Kotter’s 8-Step Change Model, chart strategies and tactics for positively implementing the organizational change. Include the following in your chart:

And how can I Develop strategies for each of the 8 steps in Kotter’s model.

Develop tactics to support each strategy.

Support each strategy you develop with a rationale for why the strategy and its tactics is expected to be effective.

Explain how this positive organizational change will help the company sustain a competitive advantage in the global market.

Include speaker notes to include additional details that are not present on each slide. Do not use voice overlay in the power point slides to replace use of speaker notes.

Include citations to support points.

Transcribed Image Text:Vision Mission Samsung's vision is to "Inspire the world, create the future" through innovative technologies, products, and solutions (Haizar et al., 2020). Their focus is on delivering high-quality products and experiences that lead the future market. Samsung's vision is to inspire the world and create a better future through technology. This vision captures Samsung's long-term goal of being a global leader in innovation and shaping a sustainable future through its product offerings. Samsung's innovation strategy, particularly in areas like smartphones, appliances, and semiconductors, supports this vision (Haizar et al., 2020). However, to remain competitive, Samsung can strengthen its vision by explicitly incorporating sustainability goals, which are increasingly becoming crucial in tech industries. Samsung's mission is to "Devote its human Samsung could enhance its vision statement by integrating a stronger emphasis on sustainability and global social responsibility. This change would align the organization with current trends in corporate governance that prioritize environmental and social factors. Additionally, introducing a commitment to ethical Al and technological advancements can set a foundation for future- oriented innovation, resonating with their brand promise (Nguyen, 2024). To improve its vision, Samsung should focus on a future that integrates sustainability and innovation. Companies like Samsung must acknowledge that consumers are placing more importance on environmental impact, and by incorporating a sustainability-focused vision, Samsung could inspire more eco-conscious consumers and employees. Recent strategic initiatives like eco-packaging for their appliances and a commitment to reducing carbon emissions demonstrate their progress in this area (Nguyen, 2024). To make the mission more impactful, Samsung Copyright 2022 by University of Phoenix. All rights reserved.

Transcribed Image Text:Values Туре Details Samsung's purpose is aligned with making a meaningful contribution to global society through innovation. This purpose is evident in Samsung's leadership across multiple sectors, from consumer electronics to healthcare innovations. For instance, the Samsung Production System has been applied in Vietnamese firms to optimize manufacturing processes, creating jobs and boosting local economies (Nguyen, 2024). Samsung's core values include people, excellence, change, integrity, and co-prosperity (Haizar et al., 2020). These values guide the organization's approach to business and innovation. Samsung's core values include innovation, people, excellence, change, and integrity. These values are ingrained in its business operations and reflected in its relentless pursuit of cutting- edge technology and user-centered designs. The company's commitment to innovation is evident in its diverse product lines, including smartphones, home appliances, and medical technology. Samsung's corporate values also highlight the importance of ethics and social responsibility, which can be seen in their ongoing efforts to improve working conditions in supply chains (Nguyen, 2024). Suggested Actions for Improvement can build a stronger connection between innovation and environmental sustainability. By doing this, Samsung can not only grow its global influence but also contribute to a more sustainable planet. The values can be expanded by adding transparency and sustainability. These are essential in building trust with customers, employees, and stakeholders globally. Additionally, a focus on collaboration with different industries and cultures could be included, promoting a sense of global partnership and inclusiveness. However, there is always room for improvement, particularly in aligning values with emerging global concerns. For instance, while Samsung emphasizes innovation and excellence, it should also integrate sustainability more deeply into its core values. Incorporating sustainability as a fundamental value can improve the company's global image and create long-term brand loyalty, especially among environmentally conscious consumers. Samsung's future values could thus better align with environmental stewardship, equity, and inclusivity, as these are becoming increasingly essential for long-term corporate success (Dirwan, 2022).

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