Samsung is a South Korean multinational conglomerate corporation. Lee Byung began the Samsung journey as a trading company in 1938; and changed its focus towards electrical appliances and consumer electronics category in the 1990s. Today, we’ll discuss the McKinsey 7S framework of Samsung as McKinsey 7S model with examples; strategy, structure, system, staff, skill, style, and shared values of the 7S framework in strategic management and change management.
Products and Services of Samsung
- Information and communication technology
- Flash memory
- Semiconductor company
- Automotive chemicals
- Consumer electronics
- Financial services
- Healthcare services
- Electronic components
- Medical equipment
- Telecommunication equipment
- Home appliances
Subsidiaries of Samsung
- Marine & Fire Insurance
- Heavy Industry Samsung
- Cheil Worldwide
- Samsung Life Insurance
- Securities Samsung
- Samsung SDI, SDS
- Samsung Biologics, Asset Management
- C&T Corporation Samsung
- Samsung Electron Machines
- Samsung Electronics, Engineering
Statistical facts and figures of Samsung
- Consumer electronics and conglomerate brand Samsung’s annual revenue was 204.09 billion USD in 2023
- Out of which, the net income and profit of the consumer electronics and electrical appliances brand was 15 billion USD
- Market leadership position in the consumer electronics category
- Samsung Employed 266,673 employees to manage its global operations
Top Competitors of Samsung
- Google Pixel
McKinsey 7S framework of Samsung would analyze the McKinsey 7S model with example elements like; strategy, structure, system, staff, skill, style, and shared values. Here’s Samsung McKinsey 7S framework in strategic management and change management as follows;
McKinsey 7S Framework of Samsung
Let’s discuss the McKinsey 7S framework of Samsung as McKinsey 7S Example Company or McKinsey 7S model with example; they’re as follows;
Strategy of Samsung
Some of the main elements of Samsung’s organizational strategic approach is one of the key elements of the 7S framework in strategic management in the McKinsey 7S model with example as follows;
I-Market Leadership Strategy
The business strategic approach of Samsung is to achieve a market leadership position in the smartphone manufacturing, consumer electronics, and electrical appliances industry. The company follows the footsteps of market leaders like Apple and others in terms of developing innovative products and launching new tech features for customers.
The key element of Samsung’s strategic approach is to find and exploit opportunities available in the market. The tech brand develops various categories of products to target different segments of the customer market like premium class, affordable, and medium range.
Structure of Samsung
Some of the main elements of Samsung’s organizational structure are one of the key elements of the 7S framework in strategic management in the McKinsey 7S model with examples as follows;
Samsung follows the divisional structure and the company manages its different divisions separately relevant to their unique traits and characteristics of the product. After reviewing the optimal organizational structure; the company rejected to change the organizational structure holding pattern. Some of the main product-based divisions of the company are as follows;
- Device Solutions
- Consumer electronics
- IT and Mobile communications
When it comes to the company’s senior management, Samsung has faced various scandals. A former executive and founding member of the family faced imprisonment for his role and activities in money embezzlement and bribery changes. Many experts have suggested that the company would change its organizational structure.
System of Samsung
Some of the main elements of Samsung’s organizational systems are one of the key elements of the 7S framework in strategic management in the McKinsey 7S model with examples as follows;
Samsung implements various types of systems in order to achieve growth in the long term. The company regularly analyzes its processes and systems to find
Staff of Samsung
Samsung employed roundabout 270,000 employees to manage its global operations. The company has established a safe and cooperative workplace environment, and it helps the company in promoting innovation and creativity among employees. However, the employee recruitment process of Samsung comprises of following steps;
- Online Application Submission
- Screening of candidate application
- Aptitude testing of candidates
- Conducting interviews one, two, and three
- Medical checkup
- Background checks
Skill of Samsung
In order to improve the skills and expertise of existing employees and fresh hires, Samsung regularly conducts training programs both on the job and separately. It helps the company upgrade their skills and expertise so that they can perform better in their jobs.
Styles of Samsung
Samsung implements different types of workplace culture and leadership styles in the workplace. They are transformational, transactional, and team-building depending on the situation and circumstances. They all have their advantages and disadvantages, and that’s why the company keeps changing depending on the corporate and project needs and requirements.
Shared Values of Samsung
Samsung follows the simple ideology and philosophy of utilizing its talent and expertise for the development of superior products and services that would contribute to building a better society. In order to achieve its goals and objectives, Samsung made its values and focus clear on technology and people.
Conclusion: Samsung McKinsey 7S Framework in Strategic Management | McKinsey 7S Example Company
After an in-depth study of the McKinsey 7S framework of Samsung; we have realized that Samsung is the world’s leading South Korean brand. If you are learning about Samsung McKinsey 7S framework in strategic management and change management; then you should keep in mind the abovementioned strategy, structure, system, staff, skill, styles, and share values of the company as McKinsey 7S model with example.
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