Samsung

 Hello  everyone I am back!!! 

With a very interesting blog for the week we will be talking about one of the most known companies in the whole world. 

In business class my teacher made us research a lot about Samsung. We saw a lot of information about them and wondered a lot how Samsung became the company that it is now. 

For this I did a lot of research with a lot of information but I am just going to tell you the most relevant facts. 

Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. Lee had only forty employees and the company’s major business was production and distribution of groceries within the city. He ventured into various other sectors like insurance, retail and securities. He was a firm believer in industrialization and wanted Samsung Group to become the industry leader in almost all the sectors.

In the 1960's the Samsung Group entered the electronics industry. Very soon Samsung was able to release its first product which was a black and white television set. Samsung Group started producing telephone, fax machines, switchboards with great success and created the base for their large-scale productions in the years to come. A few years later they invested millions of dollars in research for better technology for their electronics products.

And that is how Samsung has been recognized globally as an industry leader in technology and now ranked as top 10 global brand. 

I think this is a very interesting story because personally it inspires me to work more as a team. I think that something very characteristic about Samsung is that they always work as a team and they grew as a team. For me it is very hopeful because sometimes it’s hard to work with teams but I think if everyone respects others ideas  everyone will be able to work in teams. 

https://www.referenceforbusiness.com/history2/16/Samsung-Electronics-Co-Ltd.html