Phase I |
1938-1988 |
Samsung was founded in 1938 (Khanna et al., 2011). Its original main businesses were sugar and fabric (Brown & Linden, 2009). |
1989-1993 |
Kun-Hee Lee, a second Samsung CEO instituted Western management styles into Samsung in 1993. During this period, Samsung also started to send its recruitment team abroad (Khanna et al., 2011). |
1994 |
Samsung Corporation operated a retail business in year 1994, after separating from the Samsung Group (Suh & Howard, 2009). |
1995-2000 |
Samsung Electronics operated its Value Innovation Program Centre in Suwon province, South Korea (Jones & Lee, 2006). It also launched Global Strategy Group (GSG) in 1997 (Khanna et al., 2011). In 2000, Samsung introduced its MP3 (Giachetti & Marchi, 2010). |
Phase II |
2001 |
Samsung ranked 42nd globally in BusinessWeek/lnterbrand’s top 100 (Jacobs, 2005). |
2002-2005 |
Samsung was chosen by the Innovation Leaders Organization as the most innovative company in the consumer electronic sector (Innovation Leaders, 2022). Samsung became the second most lucrative company in the world (Khanna et al., 2011). |
Phase III |
2006 |
Samsung was chosen by the Innovation Leaders Organization to be the most innovative company in the consumer electronic sector for the fifth year in a row (Innovation Leaders, 2006). |
2007 |
Samsung was chosen by the Innovation Leaders Organization to be the most innovative company in consumer electronic sector for the sixth year in a row (Innovation Leaders, 2007). It also introduced its GPS (Giachetti & Marchi, 2010). |
2008-2013 |
In 2013, Samsung ranked second after Volkswagen in the company with the highest spending budget for R&D in the world (Casey & Hackett, 2014). It also was assigned 4,676 U.S. patents for year 2013 (IFI CLAIMS® Patent Services, 2014). |
2014-2015 |
Samsung was assigned 4,952 U.S. patents (IFI CLAIMS® Patent Services, 2014). It also operated Learning and Development (L&D) department in UK (Soulsby, 2014). Samsung introduced Galaxy S6 and Samsung Pay, an alternative way to pay for products and services (Reisinger, 2015). |