What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones?

Developing a worldwide competitive edge is a difficult task. Competitive advantages are circumstances that enable a business to create a product or service at a reduced cost or in a more appealing manner for customers. Companies that use their internal strengths to exploit environmental opportunities and neutralize environmental threats while avoiding internal weaknesses are more likely to gain competitive advantages than other types of companies, according to SWOT analysis. Samsung was the first to make a name for itself. It is not simple to make a name for yourself. Samsung is associated with the traditional method. As previously stated, the classical approach depended on the relational, economic man. In other words, there is only one person in authority.

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Academic.Tips. (2023) 'What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones'. 19 January.

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Academic.Tips. (2023, January 19). What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones? https://academic.tips/question/what-can-samsung-electronics-do-to-sustain-its-competitive-advantage-in-smartphones-should-samsung-change-its-follow-first-innovate-second-approach-as-it-seeks-to-build-a-competiti/

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Academic.Tips. 2023. "What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones?" January 19, 2023. https://academic.tips/question/what-can-samsung-electronics-do-to-sustain-its-competitive-advantage-in-smartphones-should-samsung-change-its-follow-first-innovate-second-approach-as-it-seeks-to-build-a-competiti/.

1. Academic.Tips. "What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones?" January 19, 2023. https://academic.tips/question/what-can-samsung-electronics-do-to-sustain-its-competitive-advantage-in-smartphones-should-samsung-change-its-follow-first-innovate-second-approach-as-it-seeks-to-build-a-competiti/.


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Academic.Tips. "What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones?" January 19, 2023. https://academic.tips/question/what-can-samsung-electronics-do-to-sustain-its-competitive-advantage-in-smartphones-should-samsung-change-its-follow-first-innovate-second-approach-as-it-seeks-to-build-a-competiti/.

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"What can Samsung Electronics do to sustain its competitive advantage in smartphones? Should Samsung change its “follow first, innovate second” approach as it seeks to build a competitive position in new product areas other than smartphones?" Academic.Tips, 19 Jan. 2023, academic.tips/question/what-can-samsung-electronics-do-to-sustain-its-competitive-advantage-in-smartphones-should-samsung-change-its-follow-first-innovate-second-approach-as-it-seeks-to-build-a-competiti/.

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