Global Financial Crisis Research Paper Essay Example | Topics and Well Written Essays - 1250 words

Global Financial Crisis Research Paper - Essay Example This paper will analyze the actions taken by Samsung’s leadership following the world financial crisis of the year 2007-2008. The experience of Samsung Company in the year 2008 was quite different from the Asia financial crisis of 1997. The pre-global crisis of the year 2007 to 2008 offered varying opportunities from the one that was experienced ten years before. The company was at a different level compared to 1977 and 1987 when the company was at its infancy. As it was realized later, even before the crisis of 2007 the company faced varying tension as it role in the Korean market continued to change. The company had not yet learned from the previous crisis and was unprepared when the global crisis struck. The company’s leadership was divided though dialogues, disagreement and arguments as a result of one group wanting the company to remain as original as possible while the other group wanted to challenge everything that was being experienced in the company. Both sides were however shaken by the global financial crisis of 2007-2008 (Lee, 4). Political issues led to the chairman of the company resigning in 2008, a slowdown in the drivers of business was registered 2007 and the triumph of the Korean voice that led to the resignation of Yun as well as the onset of the global economic crisis that hit the country at around October 2008 were among the challenges that were faced by the company. Since the world economic crisis that was experienced by the company in 2008, Samsung Company has proceeded on the path of becoming one of the globe’s leading organizations in terms of progressive entrepreneurship and creative innovations (Necker and Ziegelmeyer, 20). As the United States financial crisis deepened the world’s economic downturn in 2008, the leadership of the company experienced challenges that were quite different from the ones that they had