In context of Uber, political factors have influenced it in great deal as Brexit happened that caused major revenue losses. 4 Dec. For the past five years, smartphones have dominated the media technology industry and have produced some of the leading companies in the nation. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Secondly on the software front. The products of the Coca-Cola company are old in over 200 countries and territories. When considering strategic business decisions, businesses analyze the six general environmental forces: political, economic, sociocultural, technology, environment and legal factors. By Y Reddy shanthi WHAT IS PEST ANALYSIS A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. Switzerlandâs Economic Analysis Economic Overview. Political Factor. Business Regulations. Here are two actual examples of political influences we evaluated in the course of our business planning work for our clients:. Corruption. Such external developments could be due to the forces of: (1) nature; (2) geopolitics; and (3) global or social trends. However, recently Samsung is ⦠Samsung had to consider not only political instability. PEST ANALYSIS. Recently, it faced weighty political headwinds South Korea. 2. PESTEL Analysis is a strategic management tool that Samsung SDS Co Ltd managers can use to make better decisions. Introduction The PESTEL analysis is a business tool that assesses different external environments and evaluates their influence on a business environment. Here is the Pestle Analysis of Google. Political and Economic 1.1 Politics. I examine two issues here. Overall, Samsung operates in markets with benign political factors. are very big factors in the business environment, there are other ways in which political issues can impact companiesâ marketing operations, and those are the reactions of the people that are linked to their political identities. Political and Economic 1.1 Politics. PESTEL is an acronym for Political, Economic, Social, Technological, Environmental, and Legal factors. This massive operations offer the company both opportunities and challenges. Political Factors. These factors may be current and impending legislation, political stability and changes, freedom of speech, protection and discrimination ⦠INTRODUCTION TO INTERNATIONAL MARKETING Jet travel opened up the world to many people, and the expansion of the World Wide Web took that one step further. 4.2: Analysis of the Economic Environment . 1. Cultural: McDonaldâs always tries to âfit inâ every country with some unique menus. Samsungâs Strengths â Internal Strategic Factors. Nokia Corporation is operating in Communication Equipment in more than dozen countries and expose itself to different types of political environment and political system risks. Economic factor. In 2009, Samsung announced its green business vision and intermediate goals in order to lead global response to this environmental regulation with a focus on low carbon emissions and âgreenâ growth. Moreover, it might upturn the risk issue and strength principal to a major loss. It saw 6.7% GDP growth in 2016, and 6.6% in 2018. Here are four ways the current political climate is expected to impact businesses in 2017. new Samsung Galaxy, then John has changed its cell phone. Firstly, on the hardware front: better screens, faster processors, better cameras, etcetera. In this Pestle analysis framework, we will go through the political, economic, socio-cultural, technological, legal, and environmental factors that affect Google. First, updating and extending the research ofBurgoon(2009), I ask whether political parties in the advanced industrial countries have adopted more anti-internationalist and more nationalist and populist platforms as globalization has advanced. How Political Factors Affect Apple. Global factors influencing business are legal, political, social, technological and economic. Political environment in some of the countries in these region is unstable and is prone to frequent changes in the governing structure. Although Samsung offers cheaper products than Appleâs products, its profitability emerges from the high sales volume because Samsung enjoys extensive market share. Political Factors Impact of Political Turmoil Samsung is a multination tech smartphone manufacturing company and it has to follow existing laws and regulations of different countries. Political stability is also an essential factor in which Samsung operates. Political/Legal Factors Essay. The key focus of this article is on the external environmental drivers. Looking at the political environment, how the impact of politics affecting Samsung globally, As much as Samsung is a good company not everybody see like that, due to the strong competition between Apple and Samsung it ended up involving government in other countries. Methodology: The study is based on the extensive literature survey to identi-fy the factors affecting the talent management practises. Examples of Political Influences to Evaluate in Business Planning. Good Essays. This chapter points out Samsungâs positive and negative impact on the South Koren economy (2.1) and its political system (2.2). Smartphones brought new challenges to the world of copyright, piracy, and licensing. This will provide an in-depth analysis of the brandâs functionality and its future stakes. Marketer must study these factors due to the fact that the market is made of people, and people constitute the population. How can Politics affect Tesco's business activity? According to Danova (2013), Samsung is the leading profitable company with $7.6 billion profit after overtaking Apple with $7.5 billion profit. Q1. From 2009 to 2018, the use of high-efficiency products saw the company reduce its accumulated greenhouse gas emissions by 243.1 million tons. Economic Factors. Samsung is a Seoul-based electronics company that deals with television sets, cameras, personal computer items, print solutions, cell phones, home appliances and other accessories. have the ability to hinder the smooth flow of the companyâs working. With every new so called âflagshipâ phone, Samsung has to introduce new features in their software that furthers improves the users experience when using the phone. 2.3.1 Massive adoption of smartphones across China; 2.3.2 Life and work style changes; 2.4 Technological factors. Over the previous five decadesâ the semiconductor industry had grown in economic importance. In exchange for bribes, the government supported an $8 billion merger between two units of the Samsung group that helped Lee maintain control over the conglomerate. In this article, we cover the topic of international marketing and explore 1) an introduction to international marketing, 2) factors to consider for international marketing and 3) a conclusion. The political environment of a country will mainly depend on the political beliefs and ideologies of the party in power at the state and central levels. The Economy Could Grow. AI, blockchain, quantum computing and the mass arrival of machine customers will change how organizations and societies operate. SWOT and PESTLE Analysis of Apple. S for Social. Abstract: The rapid growth of E-Commerce initiatives in the world reflects its compelling advantages, such as enhanced governmental performance, lower cost structure, greater flexibility, broader scale and scope of services, greater transparency, accountability, and faster transactions. In 2017, Samsung had a global smartphone shipment market share of 21.6% with major competitors Apple and Huawei having 14.7% and 10.4% respectively (Statista 2018f). Generally speaking, a countryâs political climate and its economic environment are connected. The company employs 325,677 people in 80 countries and has more than 200 subsidiaries around the world (Sustainability Report, 2016). However, Samsung Electronics are facing a lot of risks, such market risk and the exchange risk; many of the unknown factors exist. A set of political factors such as political stability in the country, government attitude towards the industry and the company, home market lobbying and pressure groups, international pressure groups, risk of military invasion of the country and others affect revenue and long-term growth prospects of Samsung Electronics ⦠A PESTEL ⦠Samsung Electronics, the world's biggest smartphone and memory chip maker, is crucial to South Korea's economic health. GOVERNMENT STABILITY World Bank Worldwide Governance Indicators. ADVERTISEMENTS: The following aspects of political environment may be considered as its critical elements in relation to business: 1. The Macro Environment Of Samsung. The political environment of a country is the combination of three branches of the government â legislature, executive and the judiciary. The all-stock deal offered Samsung C&T shareholders 0.35 Cheil shares for each of their C&T shares, effectively valuing Samsung C&Tâs operating business at less than nothing. For those that havenât been following, hereâs a recap. Political. Taxation. Tensions between South Korea and North Korea made the company to consider the political stability and war threat while it trades region wise. This is most importantly true for Smartphones, as it is a fairly new type of technology. Based on the enterpriseâs core values, the following are the main characteristics of Samsungâs organizational culture: Development of opportunities for all employees. The reason behind this problem is tensions with North Korea. For most markets the political environment is favorable for Samsung however the company faces certain political pressures in Latin America and some African countries. These situations often reflect as being the key indicators for any economy. According to Gartner, in Q1 of 2020, Samsung has maintained the No. SWOT and PESTLE Analysis of Apple. Political. Political factors have substantial influence on the way firms conduct their operations. The economic condition for the region where company considers its business has strongly influenced it. HONG KONG â Samsung, the giant maker of products as varied as cargo ships and smartphones, is one of the driving forces of the South Korean economy. There are many forces influencing how a business performs in the marketplace. The political-legal environment is a combination of a lot of factors such as the current political party in power, the degree of politicization of trade and industry, the efficiency of the current government, government policies, current legal framework, the public attitude towards the ⦠Here are four ways the current political climate is expected to impact businesses in 2017. Due to the aforementioned factors, we expect Samsungâs revenue growth to slow down to levels of around 8% this year. Political factors: An heir rife in political scandal Samsung is an electronics company and needs to abide by new and pre-existing governmental regulations. In some cases, instability will lead to companies pulling their products from international markets. Stability of Political Structure 4. Political Factors Affect Multinational Corporations Political factors are government regulations that influence business operation positively and negatively. The main factors are legislation, government agencies and incentives put forward by the governments in order to attract investors. key success factors multi-touch screen 3G networking location-based GPS 13. These factors include: 1. Political-Legal Environment. Demographic Factors: Demographic factors are related to population. Answer (1 of 4): There are many hundreds of political and legal factors which will directly or indirectly affect businesses. Founded in 1969, Samsung Electronics is one of the leaders in consumer electronics industry in an international scale. They spend most of their times criticizing their fellow workers. Table of Contents. As I mentioned already, Samsung is a South Korean Chaebol. In some cases, instability will lead to companies pulling their products from international markets. Political Processes 3. Without political stability, its expenses increase and profits reduce. a. 1. These include:Equal pay act (1970) - This means that all employees who are ⦠1. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Threats Facing Samsung (External Strategic Factors) Threats are external factors that, in this SWOT analysis of Samsung, reduce or destabilize business performance, growth, and development in the global market for semiconductors, consumer electronics, and related technologies. These social factors may include information on: income distribution. Political System: Indian Political system is governed by the constitution of India which was moved by Pandit Jawaharlal Nehru on [â¦] According to Danova (2013), Samsung is the leading profitable company with $7.6 billion profit after overtaking Apple with $7.5 billion profit. 2.1 Political factors. According to Muralidaran (2007), statutory laws engender tremendous impacts on the education of the ⦠Best Buy Co., Inc. is operating in Electronics Stores in more than dozen countries and expose itself to different types of political environment and political system risks. . Economists often talk of these as âexogenousâ factors. 1. According to the Chinese Constitution, "The People's Republic of China is a socialist state under the people's democratic dictatorship led by the working class and based on the alliance of workers and peasants." The government is comprised of the system of people's congresses and PEST Analysis of Samsung Political Factor: In majority of the regions where Samsung conducts their business, the political environment plays a key role in its operations. The initials for these make up the acronym STEEPLE. 1 spot globally with a 18.5% market share, where as Apple is at 13.7% market share.. Research and Development â The foundation of Samsung has ⦠Political and Legal Environment. Political Environments. It is found that Samsung is involved in political a scandal which damages its brand image (Ji-Young, 2010). Competition Laws. Social Factors. Political factor refers to the impact of the decisions taken by the various government authorities and the broad policies followed by the government of a country. And what about political stability? Apart from this, Samsung faces political pressures in many African and Latin American countries where the political environment is unstable and prone to frequent changes in the governing structures. Macro environment consist of the external factors that are cannot be controlled by the company. Chapter 5. Demographic study provides customer profile that is basic need for market segmentation as well as selecting target market. Although Samsung offers cheaper products than Appleâs products, its profitability emerges from the high sales volume because Samsung enjoys extensive market share. In 2000â the industry enjoyed $200 billion in salesâ and the industry grew by an average of 16% per year since 1960. Jan. 16, 2017. Political factors: The role of political factors is crucial in terms of successful operations of international businesses like Samsung. The political environment can be one of the less predictable elements in an organizationâs marketing environment. And changes in those factors would influence a companyâs operations and impact the performance of the company. Political Factors The political factors are most of the time not very much influential in the way of the progress of the companies like Samsung. South Korean prosecutors have raided the offices of Samsung Electronics as part of an investigation into the political scandal over President Park Geun-hye. From the high sales volume because Samsung enjoys extensive market share in the Korean.! Pay less attention to their work Figure 5.1: Trend of R & D expenditure in Switzerland List of Chapter., political, economic, Socio-Cultural, Technological, legal and Environmental for market as.: //phdessay.com/samsungs-influence-on-south-korea/ '' > Samsung Group - Research-Methodology < /a > economic Overview only in cost... //Www.Ipl.Org/Essay/The-Macro-Environment-Of-Samsung-P3Phsheajpr '' > Technological factors factors are legislation, government agencies and incentives forward. 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Or university, they prefer to use Nokia handsets ( Dutta, 2009 ), government agencies and put. Study Samsung is the political, social, Technological and economic already, Samsung can... Problems in some of the brand types of government policies and their changes make the! Tax breaks ; 2.1.2 Xiaomi ban from American investments ; 2.2 economic factors relate to the domesticated market however there. Rules and regulations that affect your business in salesâ and the mass arrival of machine will. To hinder the smooth flow of the brandâs functionality and its future stakes in their mother.! Grow, a countryâs political climate and its political system ( 2.2 ) costs in China 2.3.2. There to serve the business world company can be perceived to be expressly financial in nature power.! To slow down to levels of around 8 % this year many political factors strategy might adversely affect the....: //www.casequiz.com/apple-vs-samsung-155662/ '' > PESTLE Analysis highlights the different extrinsic scenarios which impact the functioning of a.. For smartphones, as it is because Environmental factors have a large effect in the of. In China ; 2.3.2 Life and work style changes ; 2.4 Technological factors in the governing structure an!: //www.kget.com/business/press-releases/globenewswire/1000655374/stellantis-and-samsung-sdi-to-invest-over-2-5-billion-in-joint-venture-for-lithium-ion-battery-production-plant-in-united-states/ '' > How and What < /a > PEST Analysis > Amazon PESTEL Analysis | Online.
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Posted: May 25, 2022 by
political factors of samsung
In context of Uber, political factors have influenced it in great deal as Brexit happened that caused major revenue losses. 4 Dec. For the past five years, smartphones have dominated the media technology industry and have produced some of the leading companies in the nation. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Secondly on the software front. The products of the Coca-Cola company are old in over 200 countries and territories. When considering strategic business decisions, businesses analyze the six general environmental forces: political, economic, sociocultural, technology, environment and legal factors. By Y Reddy shanthi WHAT IS PEST ANALYSIS A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. Switzerlandâs Economic Analysis Economic Overview. Political Factor. Business Regulations. Here are two actual examples of political influences we evaluated in the course of our business planning work for our clients:. Corruption. Such external developments could be due to the forces of: (1) nature; (2) geopolitics; and (3) global or social trends. However, recently Samsung is ⦠Samsung had to consider not only political instability. PEST ANALYSIS. Recently, it faced weighty political headwinds South Korea. 2. PESTEL Analysis is a strategic management tool that Samsung SDS Co Ltd managers can use to make better decisions. Introduction The PESTEL analysis is a business tool that assesses different external environments and evaluates their influence on a business environment. Here is the Pestle Analysis of Google. Political and Economic 1.1 Politics. I examine two issues here. Overall, Samsung operates in markets with benign political factors. are very big factors in the business environment, there are other ways in which political issues can impact companiesâ marketing operations, and those are the reactions of the people that are linked to their political identities. Political and Economic 1.1 Politics. PESTEL is an acronym for Political, Economic, Social, Technological, Environmental, and Legal factors. This massive operations offer the company both opportunities and challenges. Political Factors. These factors may be current and impending legislation, political stability and changes, freedom of speech, protection and discrimination ⦠INTRODUCTION TO INTERNATIONAL MARKETING Jet travel opened up the world to many people, and the expansion of the World Wide Web took that one step further. 4.2: Analysis of the Economic Environment . 1. Cultural: McDonaldâs always tries to âfit inâ every country with some unique menus. Samsungâs Strengths â Internal Strategic Factors. Nokia Corporation is operating in Communication Equipment in more than dozen countries and expose itself to different types of political environment and political system risks. Economic factor. In 2009, Samsung announced its green business vision and intermediate goals in order to lead global response to this environmental regulation with a focus on low carbon emissions and âgreenâ growth. Moreover, it might upturn the risk issue and strength principal to a major loss. It saw 6.7% GDP growth in 2016, and 6.6% in 2018. Here are four ways the current political climate is expected to impact businesses in 2017. new Samsung Galaxy, then John has changed its cell phone. Firstly, on the hardware front: better screens, faster processors, better cameras, etcetera. In this Pestle analysis framework, we will go through the political, economic, socio-cultural, technological, legal, and environmental factors that affect Google. First, updating and extending the research ofBurgoon(2009), I ask whether political parties in the advanced industrial countries have adopted more anti-internationalist and more nationalist and populist platforms as globalization has advanced. How Political Factors Affect Apple. Global factors influencing business are legal, political, social, technological and economic. Political environment in some of the countries in these region is unstable and is prone to frequent changes in the governing structure. Although Samsung offers cheaper products than Appleâs products, its profitability emerges from the high sales volume because Samsung enjoys extensive market share. Political Factors Impact of Political Turmoil Samsung is a multination tech smartphone manufacturing company and it has to follow existing laws and regulations of different countries. Political stability is also an essential factor in which Samsung operates. Political/Legal Factors Essay. The key focus of this article is on the external environmental drivers. Looking at the political environment, how the impact of politics affecting Samsung globally, As much as Samsung is a good company not everybody see like that, due to the strong competition between Apple and Samsung it ended up involving government in other countries. Methodology: The study is based on the extensive literature survey to identi-fy the factors affecting the talent management practises. Examples of Political Influences to Evaluate in Business Planning. Good Essays. This chapter points out Samsungâs positive and negative impact on the South Koren economy (2.1) and its political system (2.2). Smartphones brought new challenges to the world of copyright, piracy, and licensing. This will provide an in-depth analysis of the brandâs functionality and its future stakes. Marketer must study these factors due to the fact that the market is made of people, and people constitute the population. How can Politics affect Tesco's business activity? According to Danova (2013), Samsung is the leading profitable company with $7.6 billion profit after overtaking Apple with $7.5 billion profit. Q1. From 2009 to 2018, the use of high-efficiency products saw the company reduce its accumulated greenhouse gas emissions by 243.1 million tons. Economic Factors. Samsung is a Seoul-based electronics company that deals with television sets, cameras, personal computer items, print solutions, cell phones, home appliances and other accessories. have the ability to hinder the smooth flow of the companyâs working. With every new so called âflagshipâ phone, Samsung has to introduce new features in their software that furthers improves the users experience when using the phone. 2.3.1 Massive adoption of smartphones across China; 2.3.2 Life and work style changes; 2.4 Technological factors. Over the previous five decadesâ the semiconductor industry had grown in economic importance. In exchange for bribes, the government supported an $8 billion merger between two units of the Samsung group that helped Lee maintain control over the conglomerate. In this article, we cover the topic of international marketing and explore 1) an introduction to international marketing, 2) factors to consider for international marketing and 3) a conclusion. The political environment of a country will mainly depend on the political beliefs and ideologies of the party in power at the state and central levels. The Economy Could Grow. AI, blockchain, quantum computing and the mass arrival of machine customers will change how organizations and societies operate. SWOT and PESTLE Analysis of Apple. S for Social. Abstract: The rapid growth of E-Commerce initiatives in the world reflects its compelling advantages, such as enhanced governmental performance, lower cost structure, greater flexibility, broader scale and scope of services, greater transparency, accountability, and faster transactions. In 2017, Samsung had a global smartphone shipment market share of 21.6% with major competitors Apple and Huawei having 14.7% and 10.4% respectively (Statista 2018f). Generally speaking, a countryâs political climate and its economic environment are connected. The company employs 325,677 people in 80 countries and has more than 200 subsidiaries around the world (Sustainability Report, 2016). However, Samsung Electronics are facing a lot of risks, such market risk and the exchange risk; many of the unknown factors exist. A set of political factors such as political stability in the country, government attitude towards the industry and the company, home market lobbying and pressure groups, international pressure groups, risk of military invasion of the country and others affect revenue and long-term growth prospects of Samsung Electronics ⦠A PESTEL ⦠Samsung Electronics, the world's biggest smartphone and memory chip maker, is crucial to South Korea's economic health. GOVERNMENT STABILITY World Bank Worldwide Governance Indicators. ADVERTISEMENTS: The following aspects of political environment may be considered as its critical elements in relation to business: 1. The Macro Environment Of Samsung. The political environment of a country is the combination of three branches of the government â legislature, executive and the judiciary. The all-stock deal offered Samsung C&T shareholders 0.35 Cheil shares for each of their C&T shares, effectively valuing Samsung C&Tâs operating business at less than nothing. For those that havenât been following, hereâs a recap. Political. Taxation. Tensions between South Korea and North Korea made the company to consider the political stability and war threat while it trades region wise. This is most importantly true for Smartphones, as it is a fairly new type of technology. Based on the enterpriseâs core values, the following are the main characteristics of Samsungâs organizational culture: Development of opportunities for all employees. The reason behind this problem is tensions with North Korea. For most markets the political environment is favorable for Samsung however the company faces certain political pressures in Latin America and some African countries. These situations often reflect as being the key indicators for any economy. According to Gartner, in Q1 of 2020, Samsung has maintained the No. SWOT and PESTLE Analysis of Apple. Political. Political factors have substantial influence on the way firms conduct their operations. The economic condition for the region where company considers its business has strongly influenced it. HONG KONG â Samsung, the giant maker of products as varied as cargo ships and smartphones, is one of the driving forces of the South Korean economy. There are many forces influencing how a business performs in the marketplace. The political-legal environment is a combination of a lot of factors such as the current political party in power, the degree of politicization of trade and industry, the efficiency of the current government, government policies, current legal framework, the public attitude towards the ⦠Here are four ways the current political climate is expected to impact businesses in 2017. Due to the aforementioned factors, we expect Samsungâs revenue growth to slow down to levels of around 8% this year. Political factors: An heir rife in political scandal Samsung is an electronics company and needs to abide by new and pre-existing governmental regulations. In some cases, instability will lead to companies pulling their products from international markets. Stability of Political Structure 4. Political Factors Affect Multinational Corporations Political factors are government regulations that influence business operation positively and negatively. The main factors are legislation, government agencies and incentives put forward by the governments in order to attract investors. key success factors multi-touch screen 3G networking location-based GPS 13. These factors include: 1. Political-Legal Environment. Demographic Factors: Demographic factors are related to population. Answer (1 of 4): There are many hundreds of political and legal factors which will directly or indirectly affect businesses. Founded in 1969, Samsung Electronics is one of the leaders in consumer electronics industry in an international scale. They spend most of their times criticizing their fellow workers. Table of Contents. As I mentioned already, Samsung is a South Korean Chaebol. In some cases, instability will lead to companies pulling their products from international markets. Political Processes 3. Without political stability, its expenses increase and profits reduce. a. 1. These include:Equal pay act (1970) - This means that all employees who are ⦠1. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Threats Facing Samsung (External Strategic Factors) Threats are external factors that, in this SWOT analysis of Samsung, reduce or destabilize business performance, growth, and development in the global market for semiconductors, consumer electronics, and related technologies. These social factors may include information on: income distribution. Political System: Indian Political system is governed by the constitution of India which was moved by Pandit Jawaharlal Nehru on [â¦] According to Danova (2013), Samsung is the leading profitable company with $7.6 billion profit after overtaking Apple with $7.5 billion profit. 2.1 Political factors. According to Muralidaran (2007), statutory laws engender tremendous impacts on the education of the ⦠Best Buy Co., Inc. is operating in Electronics Stores in more than dozen countries and expose itself to different types of political environment and political system risks. . Economists often talk of these as âexogenousâ factors. 1. According to the Chinese Constitution, "The People's Republic of China is a socialist state under the people's democratic dictatorship led by the working class and based on the alliance of workers and peasants." The government is comprised of the system of people's congresses and PEST Analysis of Samsung Political Factor: In majority of the regions where Samsung conducts their business, the political environment plays a key role in its operations. The initials for these make up the acronym STEEPLE. 1 spot globally with a 18.5% market share, where as Apple is at 13.7% market share.. Research and Development â The foundation of Samsung has ⦠Political and Legal Environment. Political Environments. It is found that Samsung is involved in political a scandal which damages its brand image (Ji-Young, 2010). Competition Laws. Social Factors. Political factor refers to the impact of the decisions taken by the various government authorities and the broad policies followed by the government of a country. And what about political stability? Apart from this, Samsung faces political pressures in many African and Latin American countries where the political environment is unstable and prone to frequent changes in the governing structures. Macro environment consist of the external factors that are cannot be controlled by the company. Chapter 5. Demographic study provides customer profile that is basic need for market segmentation as well as selecting target market. Although Samsung offers cheaper products than Appleâs products, its profitability emerges from the high sales volume because Samsung enjoys extensive market share. In 2000â the industry enjoyed $200 billion in salesâ and the industry grew by an average of 16% per year since 1960. Jan. 16, 2017. Political factors: The role of political factors is crucial in terms of successful operations of international businesses like Samsung. The political environment can be one of the less predictable elements in an organizationâs marketing environment. And changes in those factors would influence a companyâs operations and impact the performance of the company. Political Factors The political factors are most of the time not very much influential in the way of the progress of the companies like Samsung. South Korean prosecutors have raided the offices of Samsung Electronics as part of an investigation into the political scandal over President Park Geun-hye. From the high sales volume because Samsung enjoys extensive market share in the Korean.! Pay less attention to their work Figure 5.1: Trend of R & D expenditure in Switzerland List of Chapter., political, economic, Socio-Cultural, Technological, legal and Environmental for market as.: //phdessay.com/samsungs-influence-on-south-korea/ '' > Samsung Group - Research-Methodology < /a > economic Overview only in cost... //Www.Ipl.Org/Essay/The-Macro-Environment-Of-Samsung-P3Phsheajpr '' > Technological factors factors are legislation, government agencies and incentives forward. 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