Samsung Park Theme

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  • Topic: Management, Samsung Group, Strategic management
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Lecture #5: Class Discussion of Samsung and Theme Park Industry Case Reading: Case: Samsung Case. Key activities of the class: 1. Group presentations of the industry analysis (3 minutes per group; use the worksheet) 2. Class discussion of the Case: Key issue: As the chairperson of the Samsung Group, would you approve the master plan proposed? (Please refer to Case Summary on Web). 3. Video: Samsung Everland Fall 2000 MGTO321 (L1 & L2) -- Dr. JT Li 1

Outline of Class Discussion: Samsung Case
1. Global Context: Is this theme park industry a profitable one to be in? 2. Country Context: Will this idea work in Korea? 3. Corporate Context: Should Samsung invest in this? 4. Key Success Factors How do we do this? 5. Implications for Disneyland in Hong Kong Fall 2000 MGTO321 (L1 & L2) -- Dr. JT Li 2

Outline of Class Discussion: Samsung Case
What happened? 1. Master plan approved: $3.5 billion – $1 billion was to be spent on theme park alone – $2.5 billion for hotels and residential accommodations around Yongin. 2. Build “quality service” philosophy as a core competence 3. Name changed to “Everland” in March 1996 4. Corporate image ad to position Everland as a “world class” resort complex. Fall 2000 MGTO321 (L1 & L2) -- Dr. JT Li 3

Key Issues: Samsung and Theme Park Industry

• Future Profitability of the Industry • Key Success Factors • Core competence / Resources / Competitive advantage • Project Financial Returns

Fall 2000

MGTO321 (L1 & L2) -- Dr. JT Li

4

Lessons Learned: Samsung Case
• Industry analysis: Porter’s Five Forces Model provides a useful framework • Resource analysis: Should also examine resources / core competence; not just opportunity • Managerial Preferences: Corporate strategy is complex with large companies Fall 2000 MGTO321 (L1 & L2) -- Dr. JT Li 5

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