Case Study - III Samsung – The Making of a Global Brand Q. No 1. By 2002‚ Samsung was rated as one of the top 3 players in the global mobile handset market. Analysts attributed Samsung’s success to its marketing initiatives. Discuss the role of marketing in Samsung’s success. Answer: Samsung’s vision was to become the leader in the emerging digital convergence era‚ which is defined by two trends: combining different technologies in one product‚ and linking multiple technologies through one
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JOHN QUELCH ANNA HARRINGTON Samsung Electronics Company: Global Marketing Operations Company Background and Strategy The Samsung conglomerate’s roots dated back to 1938 when the company produced agricultural products. In the 1970s‚ the company focused on shipbuilding‚ chemicals‚ and textiles. Samsung Electronics Company (SEC)2 was founded in 1969‚ primarily as a low-cost manufacturer of black and white televisions. In the 1970s‚ Samsung acquired a semiconductor business‚ thereby setting
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Marketing Excellence >>Samsung Korean consumer electronics giant Samsung has made a remarkable transformation‚ from a provider of valuepriced commodity products that original equipment manufacturers (OEMs) sold under their own brands‚ to a global marketer of premium-priced Samsung-branded consumer electronics such as flat-screen TVs‚ digital cameras‚ digital appliances‚ semiconductors‚ and cell phones. Samsung’s high-end cell phones have been a growth engine for the company‚ which has also released
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Introduction to Business Samsung Company From a small export business created in Daegu‚ Korea‚ Samsung has grown and become one of the world’s leader in the electronics industry. The main specialization of Samsung is digital appliances and media‚ semiconductors‚ memory and system integration. The market segmentation of Samsung is giving them a firm commercial advantage. Samsung is segmented according to demographic segmentation‚ that consists of dividing the market in groups
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the Canadian consumer electronics market was valued at Cdn 2.3 billion. It was a fairly mature market‚ in which many multinational firms competed for market share. Sony was by far the leader in this region and had held onto that position for the last two decades. Canadian consumers were very technology-savvy and valued quality‚ customer service and favorable return policies over low prices. By 2000‚ Samsung had evolved into a credible player in the consumer electronics market and had attained
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high-quality‚ innovative products under the Samsung brand Very little value placed on marketing and the importance of branding Samsung greatly values marketing and it has now become‚ next to R&D‚ the largest expense on their books Unable to attract the best scientists and engineers to work on product development Samsung spends Billions annually on R&D in facilities in Korea and abroad giving designers and engineers the support needed to produce the latest electronics It took 14 months to move a product
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Table of Contents 1. Introduction 1 2. Analysis the market of Samsung Company 2 3. The Strategy of Samsung 4 4. The competition between Samsung and other companies 7 5. Conclusion 8 Reference 8 1. Introduction Nowadays‚ electronic products are loved by people‚ and have become the trend of the necessities of life and the pursuit of goods. In the face of fierce competition and huge market potential of electronic industry‚ the major foreign manufactures and domestic manufacturers both
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Case Study of Samsung’s Mobile Phone Business Boon-Young Lee∗ aliceboon@kdischool.ac.kr and Seung-Joo Lee∗∗ sjl@kdischool.ac.kr Abstract: This paper examines Samsung Electronics successful growth strategy in the mobile phone business. It examines its early efforts at developing a competitive product in the domestic market‚ its globalization strategies‚ and some of the key challenges it faces today. The paper provide insights into how a late-comer to an industry can overcome certain
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Samsung Electronics Galaxy Tab Table of Contents Executive Summary 3 1.0 Industry Overview 5 1.1 Industry Summary
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Case Study of Samsung’s Mobile Phone Business I. Introduction For Samsung Electronics‚ 2003 was a watershed year. It successfully positioned itself as one of the world’s best mobile phone manufacturers and its products were featured all over the media. Many were calling its mobile phones as “the best gift for Christmas”1 or “the Mercedes of mobile phones.”2 Samsung’s achievements were particularly remarkable considering that its primary focus had previously been in semiconductors and home appliances
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