Marketing Excellence >>Samsung Korean consumer electronics giant Samsung has made a remarkable transformation‚ from a provider of valuepriced commodity products that original equipment manufacturers (OEMs) sold under their own brands‚ to a global marketer of premium-priced Samsung-branded consumer electronics such as flat-screen TVs‚ digital cameras‚ digital appliances‚ semiconductors‚ and cell phones. Samsung’s high-end cell phones have been a growth engine for the company‚ which has also released
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China. China’s government began to subsidize all semiconductor infrastructural needs to local producers in hope of making China competitive in the market. Micron was granted amnesty in an April 2005 price fixing charge against Hynix‚ Infineon‚ and Samsung for bringing the alleged wrong doing to the US Department of Justice. This type of coordination is prevalent among firms in an Oligopoly‚ in which Barriers to Entry are categorized as high. 2. The Power of Suppliers With each generation of semiconductor
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Case Study - III Samsung – The Making of a Global Brand Q. No 1. By 2002‚ Samsung was rated as one of the top 3 players in the global mobile handset market. Analysts attributed Samsung’s success to its marketing initiatives. Discuss the role of marketing in Samsung’s success. Answer: Samsung’s vision was to become the leader in the emerging digital convergence era‚ which is defined by two trends: combining different technologies in one product‚ and linking multiple technologies through one
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I. Positioning Statement Samsung embodies style and technology for the young professional‚ with its cutting edge design and superior connectivity features. Samsung’s positioning statement is one that asserts its differentiation vis-à-vis other mobile phone providers. In the local market where myriad choices abound‚ Samsung’s sleek exterior design‚ accompanied by its selection of soft and hard features‚ render it an optimal purchase for the young‚ technologically updated professional. II. SWOT
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SWOT analysis of Samsung This is a Samsung Electronics SWOT analysis for 2013. For more information on how to do SWOT analysis please refer to our article. Company background Name | Samsung Electronics Co.‚ Ltd. | Industries served | Consumer electronics‚ Telecoms Equipment‚ Semiconductors‚ Home Appliances | Geographic areas served | Worldwide | Headquarters | South Korea | Current CEO | Kwon Oh Hyun | Revenue | ₩ 201.103 trillion (2012) | Profit | ₩ 23.845 trillion (2012) | Employees
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Apple Vs. Samsung Patents by definition are‚ “ a grant made by a government that confers upon the creator of an invention the sole right to make‚ use‚ and sell that invention for a set period of time”(TFD). Every product that is sold has at least one patent to protect it from being copied by competitors. Most products have several patents‚ each for a different unique part of the product. There are two major types of patents‚ utility patents and design patents. A utility patent can be claimed if
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Samsung Tactical objectives: Samsung is guided by a singular vision: to lead the digital convergence movement. We believe that through technology innovation today‚ we will find the solutions we need to address the challenges of tomorrow. From technology comes opportunity—for businesses to grow‚ for citizens in emerging markets to prosper by tapping into the digital economy‚ and for people to invent new possibilities. It’s our aim to develop innovative technologies and efficient processes that
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discuss the core marketing concepts that Samsung has adopted to shift its competitive edge. ✓ Need‚ Wants‚ and Demands Samsung always try to develop products that fit their customers’ lifestyle by studying their tastes. Samsung focus finding out what’s likely to sell before consumers even know they want it. ✓ Target Market‚ Positioning‚ and Segmentation Samsung focus on design‚ as they want to be the Marcedes of home electronics. Samsung concentrate less on cost saving and more
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was Samsung able to go from copycat brand to a product leader? When in 1993‚ Samsung’s CEO Lee decided to create a new type of management. he viewed this as a huge strategy for the company. The goal this new management had was to basically dethrone Sony and make Samsung the #1 company in selling electronics in the world. Samsung hired a group of innovative and young inventors to help come up with new ideas and products that would have success in the market‚ targeting high-end users. Samsung also
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Samsung Case Study 1. How was Samsung able to go from copycat brand to product leader? In 1993‚ Lee unveiled “new management” which is a top-to-bottom strategy for the Samsung Company. The goal of the new management is making Samsung become a premier brand that would dethrone Sony as the biggest consumer electronics firm in the world. Samsung then hired a new group of young designers who creates sleek‚ bold‚ and beautiful product targeting high-end users. Also‚ Samsung abandoned low-end distributers
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