Question

Apple's innovation set them apart from the pack. Apple and Samsung are engaged in competitive rivalry. Samsung is a very diversified company that has gained huge market share in everything from washers and dryers to smartphones. While Samsung provides innovation, it could be argued they have also relied on a copycat strategy. What ethical issues do you see involved with this approach? Where would you draw the line with regard to using a copycat strategy as a business practice?

Answer 1

In the business field, presumably the best case of the copycat economy is Samsung. Samsung originator Lee Kun-hee's equation of being the first in the market with a copycat item when there's another open door has helped transform Samsung into a top worldwide brand over the previous decade or something like that, bragging a market esteem $143 billion, greater than Intel and Hewlett Packard and equivalent to the joined estimation of Sony Corp, Nokia, Toshiba and Panasonic Corp. This is on the grounds that being a unique pioneer and making another market requires heaps of hazard and sets aside a long effort to accomplish productive outcomes.

At the point when a jury in San Jose, California, requested Samsung Electronics to pay $1.05 billion in harms for disregarding Apple's licenses for the iPhone and iPad, it accomplished more than choose who had encroached upon whose protected innovation. To South Koreans, the fight in court featured the qualities and shortcomings of both Samsung and their economy when all is said in done. Samsung’s strategy was to build something similar to another company’s product but to make it better, faster and at lower cost. Heavy investments have not been a problem; it once secured low-cost loans from a government-controlled banking sector friendly to big businesses and now draws on its own coffers, which are sloshing with cash.

In the business field, presumably the best case of the copycat economy is Samsung. Samsung originator Lee Kun-hee's equation of being the first in the market with a copycat item when there's another open door has helped transform Samsung into a top worldwide brand over the previous decade or something like that, bragging a market esteem $143 billion, greater than Intel and Hewlett Packard and equivalent to the joined estimation of Sony Corp, Nokia, Toshiba and Panasonic Corp. This is on the grounds that being a unique pioneer and making another market requires heaps of hazard and sets aside a long effort to accomplish productive outcomes.