Human resource policy of hiring foreign talent implemented by him also helped Samsung to become more diversified in terms of thinking. This is crucial for Samsung as it bids to become a global player in the market. displayed 300 characters
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In contrast to its competitors, Samsung has only a single main R&D facility in Seoul, South Korea. The collocation of R&D facility with its fab lines has allowed savings of up to 12% on fab construction cost for Samsung. Moreover, Samsung has placed R&D engineers with product engineers together so that problems can be solved in the minimum amount of time possible and facilitate the communication of ideas at the same time... displayed next 300 characters
This success has much to do with high demand for the Walkman-branded phones. At that moment other makers also started on preparing own music-driven solutions, since no solid music inclined portfolio was offered by Nokia, Motorola, Samsung...
Companies were pressed to rethink their technology and services offerings. Business began to flow across borders between countries and companies. SAMSUNG's response to these opportunities was its New Management program in 1993...
David Rocks and Moon Ihlwan, Samsung Design, Business Week, 11/29, 2004, http://www.businessweek.com/magazine/content/04_48/b3910003.htm
Moon Ihlwan, Samsung: A Rosy Future for Memory Chips, Business Week, 9/25, 2006,
Although China has introduced many market-driven economic reforms, it is primarily a centrally planned socialist economy. There is a high degree of competition among the government at both the central and local levels...
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