MULTINATIONAL ORGANIZATION Contents EXECUTIVE SUMMARY.................................................................................................................................3 INTRODUCTION...........................................................................................................................................3 HISTORY.......................................................................................................................................................4 IDENTIFICATION, ANALYSIS AND INTERPRETATION OF MARKETING ACTIVITIES AND STRATEGIES.............4 TARGETS..................................................................................................................................................4 POSITIONING...........................................................................................................................................5 LIFE-CYCLE STAGE....................................................................................................................................6 SWOT ANALYSIS.......................................................................................................................................6 BCG MATRIX............................................................................................................................................7 COMPANY STRATEGY FOR GROWTH.......................................................................................................8 COMPANY’S STRATEGIC ALLIANCE..........................................................................................................8 PORTER’S GENERIC STRATEGIES..............................................................................................................8 CONCLUSION-..............................................................................................................................................9 RECOMMENDATION....................................................................................................................................9 Bibliography...............................................................................................................................................10 APPENDIX 1...............................................................................................................................................11 APPENDIX 2...............................................................................................................................................12
MULTINATIONAL ORGANIZATION EXECUTIVE SUMMARY In This project report we have taken a multinational company Samsung. Samsung is a well name in the market either in the segment of smart phone or tablets or the home appliances like air conditioner’s, refrigerators and washing machines as day to day useful items. They are the brand leaders especially in smart phone section. They are doing good business in all over the world and are continuing their services from all over. In this project we will see that what are the strengthsandweaknessesofthecompanyortheorganizationandwhat opportunities they have to increase their business more consistently, they have many threats from the competitors as well of course. What are their marketing strategies and how they follow their strategies to increase their name and fame in all over the world itself. Samsung is always ready with new features and stylish products to impress and ensure the all age group people to associated with. Samsung always care about their customers and their service dealers of course, they always create a good business value of each product in their mind like some products are stars which are well establish and giving good business and some are really slow and question mark to the company or the organization itself. So Samsung is always focusing on their strengths as well as on their weaknesses so that business can increase more and more. Like their smart phone business they want other business runs too fast. INTRODUCTION Samsung a big and largest manufacturer of television sets and LCD’s now getting a good business through smart phone market. In this project you can see the products Samsung is dealing with and the markets they want to capture and the product range of course. Samsung as a leader in smart phone is also trying hard to getsamesuccesswithotherproductsalso.Theyhavemanystrengthsand weakness which we can find out in this project only and meanwhile we can also see some new opportunities the company is having with some threats of other competitors or the copy cats.(Lee Kun-hee 1938) HISTORY Today we are taking a bigger and multinational company which has the highest ranking in its own segment of electronics and that company is one and only
MULTINATIONAL ORGANIZATION Samsungelectronics.SamsungelectronicsisaSouthKoreanmultinational company which is doing its large scale business in more than 80 countries as well and having more than 3 lacs no. of employees. Samsung group is a major manufacturer of many electronics components such as lithium- iron batteries, memory card devices, semiconductor and hard drive devices for many of the clients like Sony, Nokia, HTC and Apple as well. It is also the world’s largest manufacturer of mobile phones and smart phones. They have also introduced Tablet section of the computers with the name of Samsung galaxy tab collection. In this project we are explaining about Samsung electronics, their world wide business, collection of the product they deal with and specially about their marketing strategies and implementation of those strategies or policies.(Diana Stickler ,2013) IDENTIFICATION,ANALYSISANDINTERPRETATIONOFMARKETING ACTIVITIES AND STRATEGIES- TARGETS Samsung is always a bigger group from many years and continuing till now. They are always focusing on their marketing strategy to increase their sales day by day. Samsung has a wide range of products like mobile devices which include smart phones, tablets and other mobile devices. On the other hand they are also dealing in home appliances (such as refrigerators, air conditioners and many more), they are also dealing with television sets and LCD’s as they are the biggest manufacturer of television sets. PRODUCT Marketing is always on top for Samsung as they have large number of products range like home appliances or LCD’s or USB flash drives also.(Business news ,2013)In PRICE marketing Samsung is a market leader in the smart phones specially as they are providing a bigger range of smart phones which arestaring from 5k to even 1.5 Lacs Rs. Samsung always charge higher amount for their products specially when they launch them with any new feature or style but, when any of the competitor launches the same feature or style then, Samsung always decrease the cost of that particular product. This policy of Samsung is well known skimming policy where they have to get good and bigger share of the consumers launching new smart phones before any of the competitor. Samsung is getting a good share and increased their sales very fast because of PLACE marketing also. Samsung directly deals with the retailers and their service dealers by this strategy only the service
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MULTINATIONAL ORGANIZATION dealersareresponsibleforthecorporateandhighlevelsales.(Umair Asghar ,2015). They have made many of the direct dealers and retailers are taking interest because the brand is worldwide famous and also get a good name and fame in the market by selling Samsung Products on their shop or their counter. Last but not the least PROMOTION marketing mix is also very helpful for Samsung, they utilize it in an ethical manner. Samsung promotes their new products using newspapers and digital mediaand moreover they invited many celebrities to the brand ambassadors and promote their products because there are many people who follow their loving celebrities. Samsung also do’s the same small things also like hoardings and posters on the main highways and in bigger shopping malls, so that everyone should know about the new products of Samsung. They made their promotions of that particular product so creative that everyone should take interest about the features and style of that particular product.(Essay UK n.d.) POSITIONING Samsung is a very well known brand these days either we talk about smart phones, home appliances like washing machines, air conditioners, refrigerators or even the vacuum cleaners etc. They hare having a good image because of the wide range of the products and their good quality of that particular products of course. Samsung is having a good position in the market these days. For example when anything is newly launched in smart phones then Samsung knows very well how to impress their consumers of age between 20 to 30 years and when we are talking about age group from 30 o 60 then definitely they are focusing on the technology and its advantages.(John Dudovskiy ,2017)Positioning is nothing but the face value of the company in the market. Samsung uses their marketing mix strategy to make its position number one all over the world. Product marketing helps them as they have a wide range of products which helps company or the organization to make their reputation very good, moreover price strategy also helps them as they have every type of customer either who can take a smart phone for lesser amount or a person who can affordany range of smart phone. They have to take care of both the customers either that customer is big or small for their company products. PLACE is also playing an important role for Samsung as everybody notices that products of the Samsung is available at all the leading counters and malls. Samsung is known for their wide coverage of their consumers and they are always dealing directly to their retailers and service dealers so that sales should not get
MULTINATIONAL ORGANIZATION affected and people should get any of the product they want nearby of course. PROMOTIONstrategyofSamsungisalsoanimportantpartastheyare positioning it in the right way, in urban areas or village areas they are promoting through newspapers or social media where it is available. New launching of the products is also done with a great idea that which age group and which area should be covered earlier. Demo trial packs have given to their service dealers so that they can show to their consumers and book advance orders for that particular product of course.(Business and brand leadership, ,2017) LIFE-CYCLE STAGE Life-cycle stage of smart phone is really important aspect of Samsung as smart phone is the main or current product of the company. The product life cycle of a smart phone is not depending upon its physical look but is also dependable upon the software and its reliability and the security itself. Like their galaxy series of note8 and note9 they have given every businessman or the professional a guarantee to give extra security and monthly updates, meanwhile in tablets they are basically used for gaming zone or for the internet lovers as they are covering the laptop orthe computerspace.Samsungis offering some newfeatureslike Samsung app through you can pay at any of the counters or shopping malls. They are continuously increasing the corporate standards and people are depending upon the smart phone devices to save time.(Mukul Parashar ,2015) SWOT ANALYSIS Samsung is a well known brand in all over the world market, they are doing their business in many countries and of course having a good reputation in the Indian market also. Samsung’s main strength is that they are the most successful electronics manufacturer and largest manufacturer of television sets, LCD’s and smart phones specially. Samsung started their payment app called Samsung Pay in than 1 year. They have strong relationships with many of the online as well as offline chains like Amazon, Reliance digital etc. Samsung is always ahead of launching new features and style and knows very well to which age group it should promote very fast. On, the other hand they have many weaknesses like they Samsung is getting very hard competition from some Chinese competitors as they are also copying and launching smart phone like Samsung and offering very low prices with same features enabled. Samsung smart phones are having Google android version and many people think that it is inferior product to Apple’s iOS.
MULTINATIONAL ORGANIZATION Sometimes it has been seen that the professional people thinks that Apple products are more advanced and dependable than the products of the Samsung.(PESTLE analysisContributor,,2015)On,theotherhandSamsungisgettingmany OPPORTUNITIES like in India there is a very fast growing market especially for smart phone, tablets and other mobile devices and Samsung is doing too good in this range of course. Some Chinese brands like Huawei and Xiaomi are trying to give hard competition to Samsung and want to get more share in the smart phone market. Some Chinese companies are trying to even copy the style and shape of same Samsung smart phones through which they can stay in the market with a lower price of course.(Ovidijus Jurevicius ,2019) BCG MATRIX Boston consulting group is also known as BCG’s matrix . It is basically the growth share matrix which is used by the organizations or the companies to clarify their business products into the main four categories like dogs, stars, cash cows and question mark. In this matrix dogs are related to the products which have a low growth or low market share, they don’t have any chances of growth in future and no profit for any of the organization. Dogs in Samsung includes (Samsung smartwatches) Meanwhile, cash cows means low growth markets with high market share, it includes the products which are already the market leaders in their specific market. Cash cow in Samsung includes (Samsung air conditioner, refrigerators, washing machines etc.)(B2U ,2018)Next is stars which means they are already the star productswhich are already with the high growth and a high market share. Stars in Samsung include (Mobile phones, tablets and TV’s). This particular Matrix is followed by Samsung for their smart phone sector especially and last but not the least its question mark which clearly shows by name the products in high growth market with a low market share for itself. Question mark in Samsung includes (samsung printer)It can become a star in future by generating good business and profits but maybe it can be completely a loss making product also, it can be go either way either profit side or a loss making statement.(Kathryna Maeve Daleon ,2017) COMPANY STRATEGY FOR GROWTH- Samsung is always being a great and fastest growing company or the organization. Samsung is using Integrative growth strategy in which they are
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MULTINATIONAL ORGANIZATION building or acquiring new businesses that is already related to their current business. For example they are doing very good in the smart phone and tablets business and meanwhile they are also doing business in home appliances like air conditioners, washing machines and other items like vacuum cleaners etc. They are developing their new products parallel with the other products also. Samsung is using their name in well manner to get the sales for new products as everyone knows that Samsung is having all the good quality products.(Peter Sarnoff ,2018) COMPANY’S STRATEGIC ALLIANCE Samsung is following strategic alliances with pricing collaborations of course as they are getting their share and moreover with the collaborations they are getting some extra little support for their particular product. Samsung is doing all these collaborations because definitely they can also increase their business. They have collaborated with Airtel so that galaxy smart phone series can be increased with some good look plans of Airtel, moreover collaborated with Nestle so that people can use health programs and sites through Samsung android version and can take benefit from that only. Collaboration is always helpful for every company ortheorganizationandSamsungisgettinggoodadvantagefromthese collaborations.(Spain ,2017) PORTER’S GENERIC STRATEGIES Samsung is following Porter’s generic strategies and that they have started with small products like home appliances which has a high demand in the market. Samsung invests limited amount of money to manufacture some important daily need items and when they have seen that they are getting good business in the market, they have started investing in smart phones as well which is a well supporter of Samsung nowadays. Samsung is earning number share from the market in smart phones specially. They have followed Porter’s generic strategies with Product differentiation like targeting all segments through a wide range of products and products for every age group like for the age group of 20-30 years smart phone is the best choice and age group more than 30+ is taking interests in home appliances and USB flash data devices. They are also offering an added value to their products by making comparison from some low level products. Samsung is also maintaining their quality products on a regular track so that no one can complain about the products and so on.(Vidya Hattangadi ,2015)
MULTINATIONAL ORGANIZATION CONCLUSION- Samsung is over all a biggest and successful manufacturer of television sets and LCD’s and moreover they are earning very well in the smart phone section. Samsung is always ready to launch new and stylish features as well. Samsung uses its strength of wide area coverage and heavy range of products either it is a smart phone or any of the home appliances like air conditioner, washing machine or refrigerators. They are the leaders in smart phone and doing well in home appliance also. Samsung is using BCG matrix policy in which star products and dull products like slow moving products are included. They are covering a wide area so that sales can be generated very fast and efficiently. Samsung is offering a wide range for every age groups either it is 20 years or more. RECOMMENDATION Recommendation for Samsung is to decrease the prices not so much down but yes as near to some other brands. Samsung always drop the prices when other brands comes with the same features and style but at the time of launching the amount for that particular product like smart phone its really a huge amount. Samsung is having main threat from many companies like vivo, oppo which are really investing good in the market to mark a space in customer’s mind. Samsung always do advertising but only in the starting , afterwards they don’t care about the social media advertising as they are really busy with new models. Bibliography
MULTINATIONAL ORGANIZATION B2U ,2018, '"BCG Matrix",',BCH Matrix: Portfolio Analysis in Corporate Strategy. Business and brand leadership, ,2017, '"Positioning",',Samsung-The Global Asian Brand. Business news ,2013, 'Targets,',Samsung a short history. Diana Stickler ,2013, '"History",',Samsung a short history. Essay UK, '"Targets"',Samsung's Target Market. John Dudovskiy ,2017, '"Positioning"',Samsung Segmentation, targeting and Positioning. Kathryna Maeve Daleon ,2017, '"BCG Matrix",',BCG Matrix of samsung. Lee Kun-hee 1938, '"Introduction",',Samsung. Mukul Parashar ,2015, '"Life cycle stage"',Product life cycle. Ovidijus Jurevicius ,2019, '"SWOT analysis",',SWOT analysis of Samsung. PESTLE analysis Contributor, ,2015, '"SWOT Analysis",',SWOT analysis of samsung. Peter Sarnoff ,2018, '"Company strategy for growth",',Samsung is shifting its focus to mid range of smartphone. Spain ,2017, '"Company strategic alliance",',Samsung announces partnership with microsoft. Umair Asghar ,2015, '"Targets",',Market Segmentation, Targeting and positioning. Vidya Hattangadi ,2015, '"Porter Generic Strategies",',Porter Generic strategies.
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