The Transition of Samsung Electronics through Its M&A with Harman International
The automobile industry is experiencing unprecedented change. Despite its century-old history based mostly in the art of mechanics, increased development of technology and heightened awareness of environmental issues has pushed traditional automobile manufacturers to completely re-examine their stra...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-08-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/5/3/51 |
| _version_ | 1827802551612866560 |
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| author | Jung hyun Kim Monica Young-Shin Chun Duong Thi Hong Nhung Jeonghwan Lee |
| author_facet | Jung hyun Kim Monica Young-Shin Chun Duong Thi Hong Nhung Jeonghwan Lee |
| author_sort | Jung hyun Kim |
| collection | DOAJ |
| description | The automobile industry is experiencing unprecedented change. Despite its century-old history based mostly in the art of mechanics, increased development of technology and heightened awareness of environmental issues has pushed traditional automobile manufacturers to completely re-examine their strategies. It has also newly invited nontraditional players such as electronic and IT tycoons namely, Samsung, Google, and Apple into the game. The advent of electric cars with cutting edge technology requires active participation and collaboration from diverse industries requiring cross-over joint ventures and M&As. In this light, the recent acquisition of Harman Incorporated for eight billion dollars by Samsung Electronics in 2016 is a significant event that signals great change. As the electronics tycoon expands its boundaries preparing to become an important player in the automobile industry, this study examines how Samsung increases and integrates its knowledge base and innovation capability through the M&A deal with Harman in attempts to enhance its competitiveness in the rapidly evolving automotive market. |
| first_indexed | 2024-03-11T20:41:37Z |
| format | Article |
| id | doaj.art-9bf4ddd4afdd4383a8846968f0fac016 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T20:41:37Z |
| publishDate | 2019-08-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-9bf4ddd4afdd4383a8846968f0fac0162023-10-02T02:20:11ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312019-08-01535110.3390/joitmc5030051joitmc5030051The Transition of Samsung Electronics through Its M&A with Harman InternationalJung hyun Kim0Monica Young-Shin Chun1Duong Thi Hong Nhung2Jeonghwan Lee3Department of International Business and Trade, Myongji University, Seoul 03674, KoreaDepartment of International Business, Seoul National University, Seoul 08826, KoreaDepartment of International Business and Trade, Myongji University, Seoul 03674, KoreaDepartment of International Business and Trade, Myongji University, Seoul 03674, KoreaThe automobile industry is experiencing unprecedented change. Despite its century-old history based mostly in the art of mechanics, increased development of technology and heightened awareness of environmental issues has pushed traditional automobile manufacturers to completely re-examine their strategies. It has also newly invited nontraditional players such as electronic and IT tycoons namely, Samsung, Google, and Apple into the game. The advent of electric cars with cutting edge technology requires active participation and collaboration from diverse industries requiring cross-over joint ventures and M&As. In this light, the recent acquisition of Harman Incorporated for eight billion dollars by Samsung Electronics in 2016 is a significant event that signals great change. As the electronics tycoon expands its boundaries preparing to become an important player in the automobile industry, this study examines how Samsung increases and integrates its knowledge base and innovation capability through the M&A deal with Harman in attempts to enhance its competitiveness in the rapidly evolving automotive market.https://www.mdpi.com/2199-8531/5/3/51open innovationM&Aautomobile industryautonomous drivingelectric carspost-merger integration |
| spellingShingle | Jung hyun Kim Monica Young-Shin Chun Duong Thi Hong Nhung Jeonghwan Lee The Transition of Samsung Electronics through Its M&A with Harman International Journal of Open Innovation: Technology, Market and Complexity open innovation M& A automobile industry autonomous driving electric cars post-merger integration |
| title | The Transition of Samsung Electronics through Its M&A with Harman International |
| title_full | The Transition of Samsung Electronics through Its M&A with Harman International |
| title_fullStr | The Transition of Samsung Electronics through Its M&A with Harman International |
| title_full_unstemmed | The Transition of Samsung Electronics through Its M&A with Harman International |
| title_short | The Transition of Samsung Electronics through Its M&A with Harman International |
| title_sort | transition of samsung electronics through its m amp a with harman international |
| topic | open innovation M& A automobile industry autonomous driving electric cars post-merger integration |
| url | https://www.mdpi.com/2199-8531/5/3/51 |
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