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History of sony
Origin of Sony
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Sony's Track Record as an Innovative Company
There is no doubt that Sony has been successful and innovative. The
company is extremely well known for being innovative and originating
from a country that does not encourage that attribute. It is just one
of the features which set it apart from its Japanese competitors in
it's early stages.
When you consider the innovations Sony has brought us, it is clearly
apparent that it has a definite track record for being a highly
innovative leader rather than a follower with its products.
Sony - Important Innovations
1949 - First tape recorder
1954 - First all-transistor radio
1968 - first Trinitron colour television
1971 - The colour video-cassette
1975 - First home-use video system, the Betamax
1979 - The Walkman
1981 - The electronic camera
1982 - The CD player
1983 - First consumer camcorder
1988 - 8mm format video media
1989 - The 3.5" floppy disk
1992 - The Minidisc media
1993 - Digital video discs (DVDs) and digital video players
and digital video players (DVPs)
1995 - CD ROM based dedicated gaming console, Playstation
2000 - Combined gaming console, DVD player and Internet
browser, Playstation 2
Shortly after Sony introduced most of these, competitors imitated
them. Some of the products have become standard and integral parts of
modern lifestyles eg transistor radio.3.5" floppy disk. The Sony
Walkman is the single best selling consumer electronics product ever -
it has sold 150 million units worldwide. It was so popular that the
name 'Walkman' has become synonymous with the personal cassette player
product, just like Hoover and the vacuum cleaner. When you look at the
dates, you can see that since 1968, there has been 5 years or less
between the major product innovations. This suggests they have the
whole process down to a 't'. In fact, in 1995, Sony was turning out 4
new products a day and at the height of Walkman sales, a new model
every 3 weeks! In order to ensure such a level of innovation -
1. How and why did the personal computer industry come to have such low average profitability?
To date, Warner Bro’s has over 6,500 feature films and around 3,000 television series that contains more than 10,000 episodes (“Company” par 5). Every great movie company has a background story to their success. What were then four brothers traveling with a movie projector turned into a successful movie company that has entertained crowds for generations (“Company” par 7). The vitaphone, the talkie, and the first four-legged movie star were introduced during the 1920’s, and helped define the Warner Brother company (Company par 6). Warner Brothers, a company created by four brothers during the 1920’s, revolutionized the film industry by modernizing the concept of cinematography (Company par 6).
At the time Hammer Film was making five films a year, no one at the
in 1995 and in that time were a lot of action films being made with
After The Warner Brothers put a patent on the vitaphone eventually “Don Juan”, premiered in 1926, this was not the first talking film but the film had a musical soundtrack which was a big advance in technology getting other companies thinking about producing films
1. Best Buy’s resources are key drivers behind the company’s success. Some of Best Buy’s tangible resources include cash, inventory, and their physical stores along with Best Buy’s acquisitions throughout the years. On the other hand, intangible assets of Best Buy include their employees, both upper management and lower level, combined with employee knowledge and advice. The Geek Squad brand is a major asset for Best Buy, and the knowledge and services it offers are beneficial to the company’s success.
The PC industry is highly competitive and constantly changing as technology evolves and customer needs change. Some of the top competitors in the PC industry are IBM, Hewlett-Packard, Dell and Apple. Theses rivals are constantly jockeying for the top competitor’s position. They compete in prices, product innovation, advertising, etc.
Apple is “the world’s most colorful company,” Linzmayer, Owen . Apple Confidential 2.0. 1st. San Francisco, CA: No Starch Press, 2004. When looking at its meager beginnings Apple’s influence on the media could only be described as unique. Their product, style, and overall beliefs make the Apple Corporation a multi-billion dollar company with a general appeal for all ages. It is getting harder and harder to be an individual, so with Apple you can “rise above the norm” and be unique. Recently, this unique corporation has taken the media by storm, with their new line of products. Right along side these new products are a full line of new commercials to go along with them. These new commercials spawned from years of creative marketing done on Apple’s part. Studying the history of Apple is necessary to understanding their influence upon us today.
Two new managers have been appointed at Sony in the last 15 years due to a number of developing problems, including the innovation ‘cogs’ within Sony slowing down, being forced into an aggressive pricing strategy, increased competition, losing the battle of VHS and Betamax, profit and sales remaining flat and the ongoing poor performance of Sony films (Mintzberg et al, 2003). Both managers initiated major strategic changes with varying degrees of success; firstly Nobuyuki Idei was appointed and initiated a major shift from analogue to digital technology, as there was a belief that Sony was falling behind the market in this respect. Idei also targeted the top position in the audio and visual industry, a universal standard in home computer devices and a new distribution infrastructure. He believed his job was the ‘regeneration of the entrepreneurial spirit’ (Mintzberg et al, 2003), believing it had been lost.
Competitive strategy is the approach that an organisation takes in order to gain advantage over its competitors. According to Porter, there are two major sources of competitive advantages: costs and differentiation. Cost-based competitive advantage involves reducing production costs so that an organisation can earn higher profit margin or offer products at lower price compared to competitors. Differentiation-based competitive advantage involves offering unique properties that are not offered by competitors’ products. Differentiation allows an organisation to charge a premium for their products because they offer additional benefits to buyers.
Samsung used the “new product development” strategy. According to Kotler/Armstrong new product development is defined as the development of original products, product improvements, product modification, and new brand through the firm’s own product. Samsung also unveiled a new strategy, which is called “new management,” a top- to-bottom strategy for the entire company. Lee Kung Hee, CEO, hired young designers to produce new ideas that could get the company in the direction that he wanted it. New designs .Sleek, bold and beautiful products, so that they could target high-end users to the company. Samsung also was testing new product concepts.
Sony’s improvements in the TV Industry. In recent years, the sales of Sony’s televisions have severely decreased, mainly due to their high prices and affordability. Sony needs to lower their prices during this economic downturn while ensuring consumers the same quality products as before. We concluded that individuals with greater income and those who budget their money are more willing to invest in a premium brand television such as Sony.
In the 1990's, if one out of the thirty movies that a studio released failed, there were twenty-nine others to make up for it. Now there is no wiggle room for even one film to perform poorly at the
What is the best smartphone brand in the world? IPhone or Samsung? It is a question we are often asked. We all know that there are many high- class Smartphones Company in the market except Apple and Samsung, but nowadays people more likely to buy these two companies products and always like to compare them and trying to know which one is the leader of smartphones market. Most of people believe that Apple brought the smartphones revolution to the world and it changed “everything”, and maybe that is why Apple has more royal supporters than Samsung.