PROBLEM STATEMENT •The problem is to find and identify the ways in which Samsung has been able to successfully capture the market share from its competitors through product development. •The idea is to find how the research that went into the product development of the company helped in the company’s success. •The problem also involves what kind of research and steps in the research process the company resorts to while developing its products. •The hypothesis is that marketers identify the demands in their target segment to develop products accordingly. •Such a research is highly necessary since little academic content exists to provide evidence for the above hypothesis.
Aims and objectives •Identifying the research methodology of the company. •Understanding their research process. •Identifying strengths in their research processes. •Understanding the benefits of the market research for the company. •Providing a general hypothesis and recommendation for other firms, based on the assumption and ideas gained from the research.
Methodology •Qualitative study of data in the research. •Study would include a range of relevant literature from academic sources. •Data will be gathered from the company’s official website, news articles, company’s press releases and also academic journals. •Qualitative analysis of the data. •Arriving at a hypothetical conclusion about the research processes that take place in managing the product development of the company.
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Secondary data sources and data collection •Internet will be the main tool for retrieving data. •Academic journals will include Journal of Business Research, Journal of Business Ventures, and Journal of Business. •Data will be collected from the website of the company too, including their press releases. •Google Scholar will also be to retrieve information from academic journals.
Key data sources •Alzahrani, A., Corban, H., Hsu, W. C., Lu, C. C., & Dai, X. (2017). Samsung Gear VR Marketing Plan. •Lee, J., Lee, K., & Heo, J. (2015). Supplier partnership strategy and global competitiveness: A case of Samsung Electronics.Eurasian Journal of Business and Management,3(4), 1-12. •Steenkamp, J. B. (2019). Reflections on defining global brands, fragmentation and segmentation, and the emergence of richer brandscapes.International Marketing Review. •Straker, K., & Wrigley, C. (2016). 11. The role of emotion, experience and meaning: the comparative case of Apple and Samsung.International perspectives on business innovation and disruption in design, 231.