Samsung : Organizational Structures Exist Within Every Department
A bureaucratic organization is one with rigid and tight rules, procedures and policies. Bureaucracies are very organized with a high degree of formalization and centralization in the way it operates. Organizational structures exist within every department. and everyone understands who is in charge and what his responsibilities are. Decisions are made through a systematic process, and a strict chain of command and control is present at all times.
Samsung is a South Korean multinational conglomerate company founded in the year 1938. It was initially founded as a trading company and later diversified into areas of textiles, insurance, securities and retail. Samsung has grown from a modest trading company to a multi-national conglomerate with an annual turnover in 2013 of US $327 billion. Samsung operates in three major markets- electronics, engineering and chemicals and employs people in more than 60 countires. Samsung entered the electronics industry in the late 1960s and is currently one of the major players of the electronics industry. Samsung has been a market leader in the Smart phones industry for some time . Samsungs employs over 427,000 employees as of 2013. Samsung comprises of around 80 companies. Their major operations include activities in areas of consumer electronics, mobile phones, computer hardware, construction, financial services, shipbuilding, and medical services. Samsung Electronics ' vision for this decade…