Order from us for quality, customized work in due time of your choice.
Out of the three companies presented, I would assume Samsung to be the largest, given the international scale of its operations and current ever-growing demand for mobile devices. Samsung is a South Korean corporation which has since then adapted its way of operations to global network of the modern day (Haizar et al., 2020). Several reasons have fueled the companys growth, including a strong brand image, marketing, product quality, and a strong concentration on research and development (Lee, 2019; Jang et al., 2019). There are numerous powerful competitors of Samsung in the global marketplaces, ranging from Apple to Huawei, Xiaomi, and others (Pratap, 2022). Despite the fierce competition, Samsung maintains a solid market position in the United States. Years of persistent attention to product quality, as well as research and development, have aided the brands rapid growth.
Samsung Heavy Industries, Samsung Electronics, Samsung Engineering, Samsung Life Insurance, and Samsung C&T are among the many multinational related firms that make up the Samsung Group of companies. In the current commercial climate, the vast majority of customers utilize smartphones and other mobile devices on a daily basis. With Samsung being one of the two top competitors in the market, and considering the firms successful market expansion strategies, I assumed it to be the biggest out of the three.
The most recent financial statements of the three companies, as listed on the Yahoo Finance portal, confirmed my assumptions. Samsungs gross profit at the moment is calculated at 113,193,457,000 (Yahoo Finance, 2022). Volkswagen is the second profitable company at 49,387,000, with Royal Dutch being at 35,848,000 (Yahoo Finance, 2022). Turnover and total assets are distributed among the similar pattern, confirming my initial assumption. Such financial success originates from the aforementioned network of global operations and current prosperity of the mobile devices market. Additionally, I believe that such high profits are partially caused by the comparative accessibility of smartphones. Demand for mobile devices is significantly higher compared to demand for automobiles, as they are significantly more affordable.
References
Finance.yahoo.com. 2022. Yahoo is part of the Yahoo family of brands. [online] Web.
Haizar, N.F.B.M., Kee, D.M.H., Chong, L.M. and Chong, J.H., 2020. The impact of innovation strategy on organizational success: A study of Samsung. Asia Pacific Journal of Management and Education (APJME), 3(2), pp.93-104.
Jang, S.H., Lee, S.M., Kim, T. and Choi, D., 2019. Planting and harvesting innovation-an analysis of Samsung Electronics. International Journal of Quality Innovation, 5(1), pp.1-16.
Lee, Y.W., 2019. Enhancing shared value and sustainability practices of global firms: The case of Samsung electronics. Strategic Change, 28(2), pp.139-145.
Pratap, A., 2022. Strategic analysis of Samsung notesmatic. [online] notesmatic. Web.
Order from us for quality, customized work in due time of your choice.