We live in a world that has fierce competition. It is not easy to be successful. Success depends on hard work, commitment and dedication. There are a few companies that have gone beyond this and have become one of the most successful companies in the world. They all started from humble beginnings and some were destined to fail but against all odds they have succeeded.
Apple Inc. was started in garage by Steve Jobs, Steve Wozniack and Ronald Wayne in April 1976. Currently Apple stands at no 1 in the fortune 500’s most profitable companies. It is an American multinational technological company. Apple is currently the world’s largest information technology company by revenue, assets and world’s second largest mobile phone manufacturer. Apple is one of the most successful stories in the world. They are said to be worth over US$700 billion. Even though they have had success there have been countless lawsuits and fines that have gone their way. Sometimes compliance management hasn’t work as expected due to the numerous patent infringement and breach of industry regulations. This may be due to the fast paced nature of the industry.
Walmart was founded by Sam Walton in 1945. It is an American multinational retailing corporation with over 11,600. It is the largest company in the world by revenue and one of the world’s most valuable companies. It is the largest private employer of the world with an employee count of 2.2 million. It also a family owned company. They have had a successful ERM system and were able to expand to 28 countries. Other than South Korea and Germany expansion all other countries they have expanded to have been successful.
Samsung was founded by Lee Byung-Chul in 1938. It is a multinational conglomerate in South Korean. Samsung is the largest conglomerate in South Korea. Initially Samsung started out as a trading entity that dealt with dried fish, groceries and noodles. After this business became successful a sugar refinery was started followed by the country’s largest woolen mill. Then onwards Samsung diversified into many different areas. Since the 1990’s Samsung started increasing its globalization activities. Some of Samsung’s prominent subsidiaries include Samsung heavy industries, Samsung electronics, Samsung Engineering, Samsung life insurance and Samsung C&T. Samsung’s revenue is said to be 17% of South Koreas GDP. All these companies started small. Over time they grew and never stopped growing. Today they are one of the most successful and profitable companies in the world. Each of them has started a revolution in their respective industries.