Business Strategy Formulation: Samsung

Business Strategy Formulation: SamsungStudent’s NameInstitutional AffiliationAuthor NoteBusiness Strategy Formulation: SamsungSamsung is amongst the world’s largest electronic producers (Lee et al., 2015). The company specializes in consumer and industry electronics, including home appliances, memory chips, digital service devices, and integrated systems (Lee et al., 2015). Samsung operates in the electronics industry and competes with well-recognized companies, including Apple, Huawei, Sony, and so on. Nevertheless, and due to its sophisticated business strategy, Samsung has become the most renowned names in technology. The company’s business strategy is characterized by flexibility, particularly how it adapts to the ever-changing technological landscape. This paper is critical as it looks at Samsung’s strategic objectives; it analyzes the company’s vision, mission, and values and examines how these instances integrate with the business’s strategic objectives. Samsung’s Current Vision, Mission and ValuesMissionSamsung's mission is to devote human resources and technology to building superior products and services that better the global society (What we promised, 2020). Notably, this mission was published in the 1990s when the organization underwent a rapid global expansion in different technological markets. Samsung views human resources and