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Wednesday, November 09, 2005

R&D a way to win

Samsung announced that they will spend US$6.9 billion on R&D this year and increase its annual allocations gradually to crest at US$10.8 billion in 2010.

Korea’s largest conglomerate also said that it will hire 30,000 researchers and engineers during the period to compete with top hi-tech global firms, such as Microsoft, IBM, Matsushita Electronics and Nokia - as such, these are seen as their main competitors. Interestingly, there is no mentioning of Sony or Motorola - are these the beaten boys already?

For me, this is a sure way to win in the market place and will assure the company's place amongst top players.

(By Asia Business Consulting)