Samsung Porters Diamond

FACTOR CONDITION OF SAMSUNG IN SOUTH KOREA

LOCATION

1. HIGH INCOME DEVELOPED COUNTRY

South Korea is one the world wealthiest nations, and is a member of the organization for economic co-operation and development (OECD). And South Korea is ranking the number 8 of the economic co-operation and development statistics. In this case Samsung has a big advantage in this function condition because South Korea is one of the most high income developed country and this will help to boost the name of the brand as south is very well known for its recognition in development.

2. SPECIALIZATION IN INFORMATION TECHNOLOGY SECTOR

South Korea has transformed into an economic heavyweight, having systematically applied substantial resources to research and development. So as a result, South Korea has become the world leader in patent activity, information and communication technology. The country has the highest broadband penetration in the world at 97% and is a leader in broadband speed with an average peak connection of close to 50 megabits per second.

3. NEAR FROM CHINA

The geographical location of Korea is very close to china and this can be regarded as another factor for an Information and technology advantage for south Korea as china are also one of the world most recommended countries when it comes to IT.

WORKFORCE

1. COMPETITIVE EDUCATION ENVIRONMENT

South Korea is very competitive when it comes to its educational environment specifically in Technology, so in this case Samsung will have an opportunity to get high level knowledge of employees, and this will also enhance them to get the opportunity of meeting knowing or meeting different student that can come up with different innovation ideas to their business. Also there are several joint research and development projects which are well-known foreign companies and universities.

2. PUBLIC UNIVERSITIES SPECIALIZED IN ENGENEERING

Today South Korea are part of the top 10...