Samsung Electronics Essay Example for Free

Samsung Electronics EssaySamsung Electronics, one of the largest semiconductor manufacturers. It is also South Koreas top electronic company.It makes many anformer(a)(prenominal) kinds of consumer devices, including DVD players, digital TVs, and digital still cameras computers, color monitors, LCD panels, and printers semiconductors such as DRAMs, unmoving RAMs, flash memory, and display drivers and communications devices ranging from wireless handsets and smartphones to networking gear.The company, which is the flagship member of Samsung Group, also makes microwave ovens, refrigerators, air conditioners, and washing machines. to the highest degree half of gross revenue come from the Asia/Pacific region.II. Situational Analysis (TOWS)Threats 1) Relentless deflation 2) Rivals fuel buy similar technologies from another(prenominal) vendors without tying up capital or making long term commitments.3) Chinese companies stay fresh private road scathes ever lower, leveraging sup er cheap wages and engineering talent. 4) Direct and strong Competitors (Apple Computer Inc., Motorola Inc., Sony Corp., Nokia, etc.) in a tough environment 5) Koreas slumping economy and in China and other Asian countries enamored by SARS epidemic. Opportunities 1) Venture into new markets 2) proliferate production outputs 3) Increase capitalization Weaknesses 1) Too many diversified products 2) Inevitability to decrease price 3) Life cycle of hardware goods is brutally short and causa to relentless commoditization. Strengths 1) Using the latest and high-end technologies in manufacturing and creating new products (CDMA, DRAM, DLP and NAND) 2) Excellent RD capabilities 3) Fewer layer of bureaucracy 4) vertically Integrated 5) Diversified product lines 6) Competent employeesIII. Hierarchy of ObjectivesIV. Hierarchy of ProblemsV. Analytical Tool TOWS Matrix inbred External Strengths 1) Using the latest and high-end technologies in manufacturing and creating new products (CDMA, DRAM, DLP and NAND) 2) Excellent RD capabilities 3) Fewer layer of bureaucracy 4) vertically integrated 5) Diversified product lines 6) Competent employees Weaknesses 1) Too many diversified products 2) Inevitability to decrease price 3) Life cycle of hardware goods is brutally short and subject to relentless commoditization. Opportunities 1) Venture into new markets 2) Proliferate production outputs 3) Increase capitalization S-O * Entering into the software subscriber line (S1, S2, S5, O1) * Outsource manufacturing (O2) * Attract more investors (S1, S2, S3, O3) * searching technology development strategy, specifically with respect to the engineering design and prototyping effort (S1, S2, S5, S6, O1 ) * improve the control of cost, grapheme and delivery times of inputs in order to master vertical integration (S3, S4, O2) W-O * Continuously tap into and cast up existing technologies and quick application as soon as newconcepts are realized (W1, W3, O1, O3) * To keep sales growing by adding new features, targeting additional segments and adjusting prices (W1, W2, W3, O1, O3) Threats 1) Relentless deflation 2) Rivals can buy similar technologies from other vendors without tying up capital or making long term commitments. 3) Chinese companies keep drive prices ever lower, leveraging super cheap wages and engineering talent. 4) Direct and strong Competitors (Apple Computer Inc., Motorola Inc., Sony Corp., Nokia, etc.) in a tough environment 5) Koreas slumping economy and in China and other Asian countries laid low(p) by SARS epidemic. S-T * Motivate employees through incentives and by offering better compensation packages. (S5, T4) * Leveraging hollow out competencies (S1, S2, S4, T2, T4) * Initiate CSR (Corporate Social Responsibility) programs. (S5, T5) * Focus on Vertical Integration and hardware (S1, S4, S5, T2, T3, T4) W-T * Aggressive market efforts (Advertisements) to work customer sentience (W1, W2, W3, T2, T3, T4, T5 ) * Clear differentiation and val ue added pricing (W1, W2, W3, T4) * Realistic profit-based pricing (W2, T3, T4)VI. Alternative Courses of executionAlternative Coursesof Actions Description Pros Cons 1. reform profits to keep up with sales * adding new features, targeting additional segments and adjusting prices * to heighten marketing efforts * greater market share * increase in profit * improve brand awareness * threatens competitors * Increase marketing expenses * Opportunity costs financially in the other functional areas. 2. Venturing into the software business * aside selling hardware, Samsung could also develop proprietary software (applications, games and other multimedia) * Higher margins * Long get out time over rivals * Thriving into a new market segment * Copyright infringement that can stain Samsungs brand * Additional capital outlay * High barrier to entry 3.Aggressive marketing efforts (Advertisements) to create customer awareness * Aggressive marketing is the back bone of any company to grow. A s a matter of fact what determines performance of any company, organization is their MARKETING method. * Increase consumer awareness globally * Increase in sales * Larger market share * Attracts/Rise in profits * Improve long-term profits * Could gain competitive advantage over competitors *helps in improvement of the quality of the goods * education of products are readily available * Increasing advertising increases the costs of doing business and cuts into your bottom line. * might be short-term revenuesVII. Chosen Alternatives* Aggressive marketing efforts (Advertisements) to create customer awarenessVIII. Implementation/Action seeActivities OVI Means of Verification Person- in-Charge(Division, Department, Agency) Resource Requirement 1. Meeting with top-level managers on coming up with an excellent marketing proposal * Approved new marketing proposals * Minutes of the meeting * Yun, CEO BODs and executive officers * HR * judgment of conviction 2. Department heads will meet and inform their subordinates (especially the RD and Marketing Dept.) on the changes * Acceptance and partnership of Department heads and subordinates * Memorandum, a written document signed by the top-level committees * Department heads and their respective subordinates * HR * Time 3. Marketing department will implement the new and approved proposal * Increased product scene * Marketing paraphernalia (Printed ads. And materials) * Marketing Department * Financial * Marketing materials 4. Monitor and evaluate results through sales and profits * Financial Analysis * Financial statements, account records * Both Marketing and Finance department * prevail of Accounts * Time * HR * Information System