...Sony Corporation ("Sony") and Samsung Electronics Co., Ltd. ("Samsung") today announced that the two companies have signed agreements to transition the current business relationship with respect to LCD panels.
At the start, his business focused primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. In little more than a decade, Samsung-which means "three stars" in Korean-would have its own flour mills and confectionery machines, its own manufacturing and sales operations, and ultimately evolve to become the modern global corporation that still bears the same name today.
"Look at the difference between Samsung and Sony. Samsung has a lot more foreigners involved in senior management. It's not exclusively Korean. It's innovating in terms of creating new products in a way Sony hasn't done for 20 years," he said.
Modern corporations should be alert in the marketplace if they want to innovate and succeed in this competitive market. Samsung Korea, according to this source, have more foreignors involved. The driving factor for success for innovations are ideas, and bringing those from outsiders sparks a new beginning.
Because Japanese firms don't value those who challenge the status quo, it is difficult for an agent of change to succeed in Japan, he said. "Conflicts are essential for any culture to grow," [said Dean Williams, lecturer on leadership and public policy director at Harvard University's John F. Kennedy School of Government.]
In this article, William urges Japan to accept globlization to better improve their economic well being. We can mostly agree with Deam Williams that it's important for a country to provide a future vision for its people; however, change is good for the better and can start from anyone, not just politicians and business owners.
The two tech giants have failed to come to an agreement on licensing terms over mobile technology patents which went before a US district Court. This has resulted in them lodging complaints with the trade commission.
[This book] explores the divergent fortunes of these two electronics giants in the last decade and identifies the true reasons behind Sony's decline and Samsung's rise. Contrary to popular belief, Chang shows that success (or failure) does not simply arise from different strategies. Rather, it emerges from major decisions that are deeply rooted in the companies' organizational processes and their executives' political behavior.
[T]his year, that divide is confirmed: Samsung is #26, Sony is #477.
See the steadily growing divide between two Asian consumer-electronics giants, Sony and Samsung. Sony was once the preeminent name, and as late as our 2002 list outranked Samsung Electronics, 103 to 110.
Originally called Tokyo Tsushin Kogyo (Tokyo Telecommunications Engineering Company), Sony’s roots go back over half a century to 1946 when it was founded by Masaru Ibuka and Akio Morita.
From its inception as a small export business in Taegu, Korea, Samsung has grown to become one of the world's leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration. Today Samsung's innovative and top quality products and processes are world recognized.