Sony Ericsson was found in 2001 as a joint venture owned in equal parts by the Sony Corporation and Ericsson AB. The mother company, Sony Ericsson Mobile Communications AB, is registered in Sweden where also its headquarters are. Since it dominates the market with a market share of around 45%, Sony Ericsson is the market leader in Sweden in the mobile phones sector in 2007. The continuous popularity of its new mobile phones will ensure that the company continues its leading position in the Swedish market. However, due to narrow products, the market share was rapidly decreased in recent years. The economy is engaging a worldwide slowdown and confronting a challenging market environment. Some experts are forecast to most of the technological economies contract in 2010, compared to slow growth rates in 2009. According to research report, from the fourth quarter the decline in the global mobile phone market has begun to slow down and economic survival is steady. Sony Ericsson has produced a series of new product, including Satio, Aino, Yari, Xperia X10, which aimed at the young person. These new products will help Sony Ericsson in the fourth quarter, occupied certain market share and bring about a new look.
1.2 mission, objectives and strategy
A mission is the company’s purpose. The company views a clear mission statement as an ‘invisible hand’ that guides people in the group, so that they can work efficiently and effectively towards overall organizational goals (Kotler, 2006). During the Christmas and New Year the company will establish a series of marketing promotion strategy and new products to stimulate the market. Through the market segmentation and position and investment the company will increase their market share and brand value by 8%, and its profits will increase 200 million in 2010. The external audit and internal audit will examine the macro-environment and all aspects of the company to fulfill the objectives.
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