PART THREE

HOW DID SAMSUNG SUCCEED?

This section analyzes Samsung’s core competencies as key success factors for the company. After the 1990s, a company’s “core competencies,” or its unique and inimitable competitive resources and capabilities, became an important strategic concept. Companies that have developed core competencies can create a sustainable competitive advantage over the long-term.

Various conditions must be satisfied to turn a resource or capability into a core competency. First, the resource or capability must fit in with the main factors for success in a particular industry. Samsung refers to this as the “concept” or “nature” of a business.1 For example, semiconductors and cosmetics each have a different concept of the business ...

Get The Samsung Way: Transformational Management Strategies from the World Leader in Innovation and Design now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.