Marketing Factors and Practices: A Case Study of Samsung in the Australian Market
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This paper discusses the marketing factors and practices of Samsung in the Australian market, including internal and external factors, and marketing objectives and strategies.
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Running head: MARKETING MARKETING Name of the Student Name of the University Author Note
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1MARKETING Introduction The IPhone manufactured by Apple Inc is one of the products that have gained a huge client base in the country of Australia. However, the product faces great competition from the productsthathavebeenmanufacturedbySamsung,especiallytheSamsungGalaxyS9 (Samsung.com 2019). The following paper attempts a discussion on the various marketing practices and the factors that influence Samsung in the Australian market. The paper proceeds to discuss the various internal and the external factors that affect the performance of Samsung in the Australian market. The paper reaches the conclusion with the various marketing strategies and the objectives that are implemented for the smooth performance of the company in the Australian market. Marketing factors and practices The company in discussion, Samsung is known to be a great competitor of Apple Inc., oneofthegreatesttechnologymagnetsoftheworld.Thecompanyisknowntohave implemented a skimming price as a response to the competition that it faces from the global technological magnet, Apple Inc. The company tends to use the lowering of the prices of the products in order to deal with the competition from the other technological companies that are known to have marketing the similar products. The company is known to have implemented the competitive nature in the pricing strategies. The competitive nature of the prices of the products and the comparatively lowering of the prices tend to help the concerned company, Samsung in this case, to deal with the competition that it faces in the given markets (Indounas 2016). The companyisknowntohavebeenimplementingthechannelmarketingstrategyinthe development of the market for the products in the Australian market. The technology company in discussion, Samsung, is majorly known for the customer services that the company provides to
2MARKETING the clients of the organization. This also helps in the attraction of the potential clientele to the products of the concerned organization. Internal and external factors affecting the business Internal Factors (SWOT) The various internal factors that affect the operations of the technology company, Samsung refer to the various strengths and the weaknesses of the company. The internal factors also include the opportunities and the threats that are faced by the company in the given market. The major strengths of the company include the various innovative measures that the company has been putting forth in the products that are being manufactured. The concerned organization, Samsung is known to have been demonstrated a steady development in the brand value of the product. The company faces the weaknesses in the fact that the company does not provide the clientele with the uniqueness in the products. The various products that are presented by the technology magnet are often similar to the products that are marketed by Apple one of the major competitors of the company (Kienzler and Kowalkowski 2017). However, the company has certain opportunities that might help in the generation of the revenue of the organization. The company might be advised to put forth brick and mortar stores that would display the products of Samsung only. The stores should be exclusive for the people to access the various products that are marketed by the company. This leads to the decrease in the confusion in the minds of the people regarding the products and their features. The major threats that are faced by the technology magnet refer to the presence of the several similar products that are being marketed by the rival companies. The clientele of the company is known to have a number of options that would be available to them in comparison to the concerned product in discussion, Samsung Galaxy S9.
3MARKETING External Factors (PESTEL) The external factors that have been affecting Samsung in the Australian markets can be analyzed through the PESTEL have been discussed in the following section. The major political issues that have been affecting the company refer to the laws and the regulations that the company has to follow in order to maintain the activity within the given market. The economic factors that tend to affect the concerned organization refer to the high levels of the investment in the development of the infrastructure of the organization in the given country. The social factors that affect the concerned organization refer to the fact that Samsung needs to adapt to the local market trends of the Australian markets since the company though being a global company operates on the basics of the Korean corporate values (Hartsfield, Johansen and Knight 2017). The company is known to have implemented a greater amount of the technology that is implementedinorder tomaintainapropercommunicationwiththestakeholdersofthe organization. The environmental factors that have been affecting the company refer to the recyclable products that they offer to the clientele. The legal factors that affect the company refer to the several laws that bind the activities and the operations of the company in the given market. Marketing objectives and strategies The company is known to have been implemented the differentiation strategy in the marketing of the concerned product in discussion, Samsung Galaxy S9 (Davcik and Sharma 2016). The company is known to have been competing with the other technology companies like the Apple Inc and Sony. The major comparison in this case is found among the products like the IPhone 7 and the Sony Xperia XZ2 Compact that have been launched within the country around the similar time (Samsung.com 2019). The major attracting factor that has been helping in the
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4MARKETING development of the client base of the company is the camera that the company provides within the phones that the company has been offering to the clientele. Conclusion Thus, from the above discussion, it might be pointed out that the company provides a great amount of competition to the other similar products that are present within the Australian market. The company might be advised to put forth brick and mortar stores that would display the products of Samsung only. The stores should be exclusive for the people to access the various products that are marketed by the company. Samsung implements the skimming price strategy in order to deal with the competition from the other technological companies that are known to have marketing the similar products.
5MARKETING Referencesand Bibliography Davcik,N.S.andSharma,P.,2016.Marketingresources,performance,andcompetitive advantage: A review and future research directions.Journal of Business Research,69(12), pp.5547-5552. Du, P. and Chen, Q., 2017. Skimming or penetration: optimal pricing of new fashion products in the presence of strategic consumers.Annals of Operations Research,257(1-2), pp.275-295. Hartsfield, S., Johansen, D. and Knight, G., 2017. Entrepreneurial orientation, strategy, and marketingcapabilitiesintheperformanceofbornglobalfirms.InternationalBusiness: Research, Teaching, and Practice,2(1), pp.12-38. Indounas, K., 2016, July. Pricing new business-to-business products in a recession period. In2016 Global Marketing Conference at Hong Kong(pp. 1353-1358). Kienzler, M. and Kowalkowski, C., 2017. Pricing strategy: A review of 22 years of marketing research.Journal of Business Research,78, pp.101-110. Nyaga, P.K. and Muema, M.W., 2017. Effect of Skimming Pricing Strategy on The Profitability of Insurance Firms in Kenya.International Journal of Finance and Accounting,2(3), pp.79-92. Samsung.com2019.SamsungAustralia.[online]Samsungau.Availableat: https://www.samsung.com/au/ [Accessed 15 Mar. 2019]. Samsung.com2019.SamsungGalaxyS9andS9+.[online]Samsungau.Availableat: https://www.samsung.com/au/smartphones/galaxy-s9/ [Accessed 15 Mar. 2019].