Contents Introduction................................................................................................................................3 Segmentation..............................................................................................................................3 Persuasion Analysis...................................................................................................................3 Analysis of current advertisement..............................................................................................4 Current IMC practises................................................................................................................4 References..................................................................................................................................7
Introduction This report brings out a discussion on Samsung and its related analysis on the basis segmentation,persuasive,currentadvertisement,currentintegratedmarketing communication, and 7`ps of marketing mix. Samsung has been found in 1938 that was originally as small business in Korea (Luxton, Reid, and Mavondo, 2015). Samsung is an multinational IT company that has been headquartered in Suwon. The company includes Samsung electronics, consumer electronics maker, Samsung engineering, Samsung C&T, Samsung Heavy Industries and Samsung heavy Industries. The company was founded in March 1938 (Samsung, 2018). Segmentation Segmentation is inclusive of the characteristics in order to target customer target dividing them into different segments by certainly offering to each one of the segment with varied product with common characteristics. The segmentation for Samsung is based on geographic, demographic, psychographic, and behavioural.Samsung geographical segmentation has segmented several Asian nations in different way. For example- Chinese market. On the basis of geographical segmentation, it focuses on male and female where the age does not matter much. Samsung products are being offered enabled with different features to different people on the basis of income. Samsung has decided to divide its customers on the basis of occupations such as regular employees, business executives, and students. The psychographic segmentationofSamsungtargetscustomerbasedondifferentlevelsonthebasisof personalities and lifestyles (sport loving person and regular employees). Lastly, it is important to note that Behavioural segmentation scopes and targets for which they scope for benefits for which they actually seek for. For instance- beautiful design and the
excellent quality. Samsung derive the knowledge of the people especially their target market. Customers are divided into potential users, regular users, first time users, and the ex-users. Persuasion Analysis With the procedure of development of production, it can be seen that every development lags in the procedure. Further, it can be improved by certain steps- 1.Compromising- At this stage, negotiation is needed as the customers are not satisfied from the product, it has manufactured before. Therefore, there is a need to transform the product. 2.Bargaining- People often adjust with the products as they try to bargain and get it at low price. 3.Logic-thiswillgivetheanswerwhereitwillcomeintovisibleandcertain improvements are necessary that can make the product better and can help to serve the customers better. 4.Emotion- in order to satisfy the needs and improve the product, the organisation launches its new model. Analysis of current advertisement Current marketing strategies signify differentiation with cost leadership where they focus on delivering the products offering specialbenefitsfor the products as produced by the competitors art a very low price as compared to Apple (Zhechev, 2016). Current IMC practises Samsung has handed over 750 million dollars that are globally creative accountable for TV business to the Leo Burnett. It is seen that Samsung has been awarded for more scope to publicise groupe, expanding the partnership beholding the company with the name of Leo Burnett leading the agency solution for the global visual displaying of the advertisement.
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Current IMC practises used by Samsung are advertisement, public relations, direct marketing, personal selling, and sales promotion. Delivering the marketing message by using any of the paid form of mass media outlets, which involves non-personal promotion ideas, services, and goods by the identified sponsor (Zhechev, 2016). The main purpose of advertisement is persuasive, informative and remainder. Samsung had joi8nt ventured with major telco with an aim to boost the sales. For instance- starhub is an official site, which offers Samsung Galaxy S3 on varied prices on the plan and the Samsung S2 at a very low price with 2 years plan. Samsung conducts a joint venture with major promotional brands (Ott, Prowse, Fells, and Rogers, 2016). All the criteria consists of good element branding that are quite essential. It is oneofthefanboyperiodwhereSamsungadvertisementsfocusingonsliceoflife advertisement. With the adoption of method, it is seen that phone can be incorporated in life. Packaging is the fifth major P of marketing (Zhechev, 2016). The below given are the seven P`s- Price- This term refers to the value of the product where it depends on the segmentation and the affordable nature of the market and its related nature. It can determine the demand and the supply of the product (Zhechev, 2016). Samsung apply to various pricing strategies so that they can price skimming and competitive price. For instance- Samsung S7 edge has launched with RM 3199 and timely it was reduced just to attract more customers (Zabkar, Mumel, and Vanita, 2015). Product- Samsung avails huge variety of products such as smartphones, home theatre, tablet, television, and the washing machine (Zhechev, 2016). Samsung Galaxy Note 7, which comes up with glass aluminium body that can look elegant. This product has a high technology of water resistance and fingerprint, which has attracted the customers. Another example can be Samsung Galaxy S7 edge, which is one of the most sold products, made of the high
technology of iris scanner and the dust resistance created as their features to induce the customers (Zhechev, 2016). Place- Samsung continues to sell to varied dealers in terms of retailers and the service dealers. As per this strategy, service dealers are very much responsible for corporate sales. The distribution channel of Samsung is its strength (Zhechev, 2016). Promotion- Promotional activities are the pillar of marketing mix of organisation. Samsung perceives that the advertisement is one of the best type of promotion in order to engage potential consumers and its position among the brand. Big placard, posters, and hoardings are kept on the highways where large number of celebrities become the brand ambassadors and finally promote the product. People- Samsung is an well known brand that learns to gain their trust as well as products. They mostly targets and considers teens, which shows concern to the level of customer satisfaction. Process- The process of focusing on the products depends on the wants of the customers unlike Apple where there is a space to keep an memory card (Saenko et al., 2016).
References Luxton, S., Reid, M. and Mavondo, F., 2015. Integrated marketing communication capability and brand performance.Journal of Advertising,44(1), pp.37-46. Ott, U.F., Prowse, P., Fells, R. and Rogers, H., 2016. The DNA of negotiations as a set theoretic concept: A theoretical and empirical analysis.Journal of Business Research,69(9), pp.3561-3571. Saenko, N.R., Sozinova, A.A., Karabulatova, I.S., Akhmetov, I.V., Mamatelashvili, O.V. and Pismennaya, E.E., 2016. Research in action integrated marketing communications as the elementsofinformationandvirtualizationmarketrelations.Internationalreviewof management and marketing,6(1S), pp.267-272. Samsung,(2018)SAMSUNGELECTRONICSANNUALREPORT.Availableon: https://www.samsung.com/us/smg/content/dam/samsung/us/aboutsamsung/2017/about-us- sustainability-report-and-policy-annual-report-2007-en.pdf[Accessed on: 23/08/19] Zabkar, V., Mumel, D. and Vanita, N., 2015. Is Management Involvement in Integrated Marketing Communications Reasonable?. InAdvances in Advertising Research (Vol. V)(pp. 283-294). Springer Gabler, Wiesbaden. Zhechev, V., 2016. Integrated marketing communications of hotel chains.The Routledge Handbook of Hotel Chain Management, p.274.