2. History of Samsung Samsung, Name that people often heard, the business conglomerate that help the advancement of technology to the current day, their product can be found almost everywhere, home, street, offices, schools, it also can be found inside some peoples pocket. According to the recent report by Kristin Stoller (2017) Samsung has achieved 2nd in “The World's Largest Tech Companies 2017” surpassed by their technology rivals Apple. However, Samsung did not get their ‘Business conglomerate’ title from Information technology, in fact they started as trading company with a budget of 30.000 KRW up to now, they currently know with their huge role in the mobile phone race with their rival Apple. Their growth is proving of successful …show more content…
The Marketing Mix: According to University of Newcastle (2017) Marketing mix is the company strategy to outline which customers the company will serve and how it will create value, the program builds relationship by transforming the strategy into action.
4.1 Product: Samsung offer variety of product in technology however this report will only discuss their trending mobile devices, which is called the Samsung Galaxy series. Samsung claim that they invest at least 9% of the sales revenue on research and development every year to give the best quality of their products for the customers, Samsung Design their product in modernization, sleek and neat design that show’s elegancy. Their phone has certain feature that prove that the money spend on the phone is worth it, for example their water resistance feature, this allow the phones to be inside water for at least 15 minute, it’s a good feature that match their advance camera. The packaging looks professional and sturdy, not only it looks good it also gave the image of safety to the phone. The phone only increase in sizes every new version come out. Add-ons are provided for customers such as protective casing for the phone and an ear set for every purchase of the Galaxy series. They provide warranties for at least 6 month after purchase is made and returns provided if customers are not happy with their
The features of their mobile phone are the crucial part of their parity, for e.g. – introduction of galaxy phone. Talking about the point of differentiation, recently we have seen Samsung is going to launch Galaxy S6 with a curved screen; which is a very new concept in this mobile sector and none of the other companies have so far been able to introduce such a new concept. Samsung seems to be the pioneer in this criterion and have done something off the hook. Overall the performance of this brand seems to be very impressive in terms of popularity, revenue and the contribution they are making to the mass public by offering their products. Nevertheless, I would still like to recommend an improvement regarding one of their major drawbacks, which Samsung still doesn’t seem to have overcome. Even though Samsung claimed they don’t actually make their customers a wall hugger, in reality actually they do. Hence, they should focus more on these specifications so that consumers don’t get the chance to switch brands in the blink of an
The last but not least element of the Samsung’s “cost puzzle” (which, unfortunately cannot be supported by concrete numbers from the case study, and is rather based on intuition) was the way the firm built and maintained intellectual capital and stimulated innovativeness and creativity among employees. It had established an incentive-based remuneration system, it sponsored employees for PhDs and MBA education, it created a family-friendly working environment in which more of employees’ energy could be devoted to solving problems at work instead of troubles in private lives. In most modern industries, such a long-term approach and investing in human capital eventually pays off resulting in higher productivity and better and cheaper products.
Samsung will also include consumers, as key external stakeholders, in the research and development focus groups to best incorporate consumer opinion and demand into areas of the project including development, marketing, and distribution. This will help Samsung create and deliver a product that the customers want. It will also help identify consumer needs for the new smartphone’s use as consumer inputs will help shape and drive the technological innovations that Samsung is aiming to deliver with its new smartphone.
I found the main goal of the article to explain the concept of marketing. As the author implies, the concept of the marketing mix is a great tool to give an answer to the question “what is marketing”. It is a great introduction of the elements of marketing as a whole, with visual charts that sum the different marketing forces. Marketing is not about doing or not doing, its mainly about doing the right things for your operation with consideration of the resources that are available. This also sheds light over the fact that managing functions of marketing must be oriented to the market and with consideration of the marketing changes make a marketing mix that fits the resources of the firm.
The reason why Samsung Galaxy Note 3 is a gift for everyone, it is affordable and handy with Office applications for word processing, spreadsheets and presentations. It can do anything someone wants. It is true that we always want to get the fanciest devices any time one comes out. The Samsung Galaxy Note 3 TV commercial claims to do more and talk less and bring audience to use this product. The question is “Do we really need one?” What if we do not have money to buy any product? Are we going to put ourselves into debt? Well, Samsung wants its customers to always be updated. Even though they do not need their product, they do have to buy it. We think that most people are willing to do so because they are fascinated by ads, which reach their intention and push them to own one.
While profits from semiconductor sales are keeping stakeholders happy, Samsung is pursuing a differentiation strategy in the smartphone market. The managers are committing more resources to researching something they think will revolutionize phones. author name writes, “All smartphone makers face the issue of stagnancy in hardware innovation. Samsung is currently working on developing a smartphone with foldable displays…” (Tanner). There has not been a ground-breaking development in smart phones in the last few years, so the managers believe
Marketing Mix is a very essential concept for the progression of the business. Products and services of a business organization get effective strategic positions in the market with the help of using marketing mix. According to Belz (2011), through appropriate attentiveness of the marketing mix, an organization can have proper explicated marketing tactics and strategies through which the company’s marketing objectives can be achieved at the required level. Marketing mix is not merely a single term but it is an assembly of different elements of marketing.
...ts. Since they both target the same number of people Samsung, with its thin, sleek swanky phones poses a great threat to Motorola at the global level. Rivals LG are not far behind. LG Chief Executive Nam Yong recently stated that they too would try to exploit Motorola’s current low phase to sharply increase their market share.
Suisse analysts estimated that Samsung would lose at least US$17 billion in revenue from the production
Further supporting materials/specific details: the main focus of each cellphone ad now days is focused on showcasing the different improvements that their products bring to the table, such innovations could include: HD pictures and video recording , extensive storage, and high processing power. As it is noticed, some of the previous examples offer only hardware improvements, this is due to the fact that most of the applications in terms of software could be downloaded from different sites such as the “Appstore”, or “Google play”, and be supported in whichever platform the user
When it comes to smart phone market share in the United States, Apple still trails Android by almost 10%. But if you are to break out the market share figures then you will notice that IPhone reigns supreme by a very wide margin. According to a lot of recent data compiled by ComScore, Phone’s share of the United States smartphone market now is about 43.6%, followed by Samsung which is at 27.6%. Apples market has increased by 4% almost every year, while Samsung has been dropping by 4% almost every year. Although Apple is doing a bit better than Samsung overall, Samsung is still topping Apple with their Android. During the second quarter of 2015 Samsung took a 21.7 percent of the global smartphone market, with shipments 73.2 million units. A reason I feel Samsung is doing much greater then apple right now is their ability to have all these different features, which not only add modern things to their phone but also longevity. With the three new water proof phones that Samsung has come out with Apple has yet to release their first
If you don 't believe how amazing the iPhone is and how it will change your life from the moment you have it in your hand, go to the store right now and see for yourself. You will never ever get face time, coverage for your phone from the company that it was made from (apple care) group chat, time-lapse, slo-mo, piano, in the camera, the find my iPhone app, front camera Touch ID, you will never find
Samsung is an innovative company that focus highly on quality and specialised products, they became an electronics company in 1969 and they released their very first mobile phone in 1988. In 2006, they became the global leading brand within the television market and in 2011, they became the latest smart phone provider in the world and their successful innovation is furthermore expanding. Today Samsung Electronics has proven to be one of the most successful global brands to follow.
Maybe everyone has different answer for which is the best between Apple and Samsung. You cannot deny that Apple is leading the smartphone market and now Apple became the world most valuable brand in 2013 and still is. Apple brought the revelation, Apple created so many wonderful designs and products and now Apple products go into our daily life become a part of our life. It is important to be unique and irreplaceable, whoever can do that they can lead the
Samsung Electronics is published in south Korean and it’s a multinational company the head office is in Suwon in south Korea .with the sale network and the assemble plants in 61 countries around the world .Samsung company has also around 160.000 employees.in 1991 the created the first mobile handset and in April 2009 Samsung launched the galaxy line of the smart phones.