Current Event Article Example | Topics and Well Written Essays - 250 words - 1

Current Event - Article ExampleA number of strategic factors befool contributed towards Samsungs increased success and dominance in the technological securities industry. First is that Samsung is an ultimate fast follower. one and only(a) successful strategy devised by Samsung in achieving success is the ability to learn from the competitors, and making innovations of the products and services. From the competitors products, Samsung has understood the market demands of the products and designed improved versions of competitors products thereby, capturing unseasoned markets (Nisen).The second strategy for Samsungs success is its spending on research projects. Whenever funds are available, an organization needs to spend such cash on researching on new ideas of improving technology. As such, Samsung currently spends 5.7% of its revenue on research projects as compared to Apples 2.4%, a factor that has contributed towards its spry success (Nisen). Samsung is not only a smartphone-m aker, rather, a manufacturer and worlds largest chipmaker. Such a contribution enables flexibility in products production, and, therefore, making Samsung one of the greatest innovators in the technological