Manage the Product Essay Example | Topics and Well Written Essays - 500 words

Manage the Product - Essay Example By focusing on software and service, the company shall have differentiated her products from the aggressive competitors especially from China. Generally, Samsung accelerates product innovation, maximize her profitability, and is determined to improve design, launch, and support her products. Samsung has position as the heart, mind, and voice of their worldwide consumers by closely monitoring their behaviors. Samsung works closely with her partners and consumers to understand how the customer behavior and marketplaces evolve. The company believes that the Software will enable their consumers to utilize both their services and devices and even understand consumers’ preference, satisfaction and improve on other areas of weakness (Cheng Web). Samsung believes that by investing in software that will enable the company receive feedback from their customers; they will definitely be smarter and quicken the evolution of the products. Investing in software will improve sales of Samsung’s hardware. The company plans to develop software that will support their main hardware business thus adding value to the hardware and boosting sales (Cheng Web). Samsung already sells a good number of screens compared to any other company globally and developing support for the hardware will make the company have a very huge platform of distributing their content and services. The company believes that careful and wonderful integration of both the software and hardware will be significant in enabling them sell the best products in the market. Samsung believes that working with startups will highly create the innovation that the company normally is normally committed to achieving. The company believes in initiating startups by having open discussions with top software and Services Company that will ensure a few people working a breakthrough

Review, Evaluation & Analysis of a case study Essay

Review, Evaluation & Analysis of a case study - Essay Example However, Rosen (1998) emphasizes the importance of initial finance in ventures of small businesses. On the other hand, Santarelli& Vivarelli (2006) found a positive correlation between the choice of financing and the growth and survival of a venture. This paper explores the role of entrepreneurial finance in the entrepreneurial life cycle. According to Leach & Melicher (2003), the early phases of the entrepreneurship life cycle, the venture exhibits undercapitalization and in effect the entrepreneur must grab the different sources of capital. Mason (2007) discusses the role of informal sources of finances, which are often ignored in class room environment, but have significant role in the entrepreneurial life cycle. According to Preston (2007), angel investors are high net worth persons who inject funds in the early stage companies. Reminiscent of an American program, Shark Tank, that features high net worth individuals who are looking for investment opportunities in television. Kerr, Lerner & Schoar (2010) found out that angel investments improve entrepreneurial success. These opportunities for tapping capital at such early stages must occur as the venture progresses from startup through the survival stage. The major objective of the entrepreneurial finance is to assist the entrepreneurs through the life cycle of the venture to continually make better investment and financing decisions. The process covers the entire venture life cycle from startup to exit and inquires into issues such as deal structures, incentives, business models and valuation to a greater degree than normal equity management. Winton & Yerramilli (2008) in a comparison between bank and venture capital financing delved into the metrics of the choice between these two methods of financing a venture. According to N Berger & F Udell (1998), entrepreneurial finance plays an important role in small business as opposed to the large business. The small