The South Korean tech giant Samsung Electronics became the first domestic company to receive the highest rating for 12 consecutive years in the ‘2022 Shared Growth Index Evaluation ‘ selected by the Korea Partnership Growth Committee.
The company’s growth and major difference
There were several companies that received the highest rating every year, Samsung Electronics is the only company that has received the highest rating for 12 consecutive years since the mutual growth index evaluation was introduced in 2011.
The shared growth index is an index that evaluates and quantifies the level of shared growth for each company every year in order to promote shared growth between large and small businesses. It is divided into five grades: excellent, excellent, good, average, and inadequate.
However, the company is carrying out a variety of win-win cooperation activities under the core value of ‘pursuing win-win growth and integrity management’, and is expanding the horizon of win-win cooperation by supporting not only 1st tier partners, but also 2nd and 3rd tier partners, and even non-traded small and medium-sized businesses .
Samsung Electronics is supporting factory operation optimization and manufacturing and quality innovation by discovering and improving problems of partner companies, such as low productivity and defects, through the Win-Win Cooperation Academy Consulting Center, which is comprised of experts in fields such as manufacturing, quality, development, and purchasing.
In addition, Samsung Electronics’ cost innovation cases accumulated over many years are passed on to partner companies to help improve cost competitiveness through improving inefficiency and reducing costs. Over the past 10 years, we have provided consulting to over 1,800 partner companies completely free of charge.