Question

How did Chinese firms have emulated the Korean model to outcome Korean firms like Samsung?

Answer 1

Chinese firms can overtake Korean firms like Samsung only if they can fulfill customers' demands and provide them the necessary satisfaction in the products. Samsung is a well-reputed company which is working for many years and providing there customer's best range of mobile phones, Televisions, washing machines, Microwave, Laptops, etc. They have gained a lot of trust in there customers and in return, customers didn't disappoint them. Chinese firms can compete only when if they have the proper quality of products, sources, worldwide acceptance of the product, etc. And we talk about Chinese firms like Xiaomi and Huawei in the phone industry, then in some countries, they took over Samsung with there cheap prices and affordability. People around the world are liking the new technology mobile phones from China. Moreover, they have gained the faith of customers around the world and the products they launches are very affordable to many people. The customer wants a good quality of products at a low price which various companies need to give to compete with their competitors in the market.

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