Choose a company that you know well Essay Example | Topics and Well Written Essays - 750 words

Choose a company that you know well - Essay Example This project will try to look at the foundation, the mission and vision of the company and its history in the last five years (Shibaloy, 2011). The mission statement follows its philosophy that states: devoting the talent and technology to produce superior products and services that continue and contribute to better the global society. The vision is to â€Å"inspire the world and create the future† (Shibaloy, 2011). According to the founder, its name Samsung was used to denote a big, power and a numerous entity. True to its name, Samsung are legends in their won field having grown from a small company dealing with groceries, securities and to a multinational company owning all sorts of investment in the world ranging from electronic to health and insurance companies. The last decade has been a crucial moment for Samsung. They have extended their roots in technology deep down the spine of their competitors such as Nokia and Apple Company overtaking them through their massive innovations. This has, however, come not without a fair share of challenges. In 2000, a computer programming laboratory established in Warsaw, Poland was the start of its journey. The work began with set top boxes technology before advancing to digital TV and smartphones. According to statistics, Warsaw base is Samsung engine in terms of Research and Development Center. It has lead to the magnificent innovations which have seen it rise to a global company commanding a big market share in the electronic industry (Shibaloy, 2011). The company expanded its market by becoming the sole supplier of Rolls-Royce Trent combustor module used in Airbus A380. Samsung Company was also part of the engineering work of Boeing’s 787 Dream liner which derived some profits to the company. In the year 2010, Samsung publicly announced a ten-year growth strategy that was focused around five major businesses. Among the