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Explained market orientation
The strength and weakness of market orientation
Explained market orientation
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1.2 Costs and Benefits of the Marketing Orientation of Atlas
Marketing orientation can be identified as the thinking of a business when they decide to focus on the needs/demands of the existing consumer market along with solutions/ideas to fill them. Atlas manufactures stationaries that can be used by any customer in the market despite their age, occupation, income or class. The benefit in market orientation is that, even if the product costs are high, the sales revenue is guaranteed because of the product itself is in demand in the consumer market. As the
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3) Porter’s five competitive forces
These 5 factors identifies the nature of the competition in an industry microlinks
Example of how micro environment affects marketing decisions of Samsung: Media a connected stakeholder of Samsung publishes that Samsung copied physical features of the Iphones and it’ll be positioned as Samsung is a copy of Iphone which may attract customers to Iphones as to be original over Samsung. Marketing decisions should be made immediately by Samsung to promote their products extra than usual while proving how Samsung differs from Iphones. Marketing decisions should be made to implement new marketing activities to stay stable in the market sales of their products and to not lose their existing
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Example: Restaurant XYZ caters food but customizes each item or meal according to different customer’s requirements
5) Mass or undifferentiated marketing: Specializing in one product for the whole market.
Example: Company LMN manufactures only soaps to the whole market
The S7 edge by Samsung is often compared to the Iphone 6 plus by Apple due to the similarities of the two phones. Iphone is a premium brand which will increase the value of S7 edge as for the comparison or similarity of the two phones. The S7 edge can be bought by those who have a considerable high income and for those maintaining a social class. Thus the S7 edge falls under the niche or single segment strategy for targeting as the target market is for those who can afford the price.
2.4 Positioning and Repositioning of the Samsung S7
Just like the iPhone. When the iPhone first came out it was one of the most popular phones ever. And from the iPhone then Samsung started to think we should create a phone that is similar to it. Till this very day Apple and every other phone companies compete. Although they are thinking alike they both come up with very different things. They make their phones operate differently. The Apple IPhone is easier to work with while the Samsung Galaxy phone is harder to operate. Although, Samsung has tried to make a duplicate like the iPhone both phones come with different features.
A characteristic of the marketing concept is customer orientation. Business activities are mostly engaged to produce a satisfied customer. They are there to Stress on the desires and wishes of a customer this keeps businesses on track with their target market. The best marketing decisions are completed on the foundation of making a massive impact in the market and towards customers. The consumers/people
Each company has the same types of devices consisting of phones, music devise, portable players (tablets and etc.) and now they both have smart watches? What a coincidence to say the least. Both company’s together make up about 50% percent of the market, so it would almost worry me if they didn’t have the same products because of how competitive they are. Statistically Samsung sells more because they have more to offer that is very important in our world today. The Galaxy is water resistant, has bigger screens and what is becoming more popular is mobile payments; Samsung claims stores connect more with Samsung Pay than they do with Apple Pay. (Reisinger) The IPhone is not water resistant, but the new Apple Watch Series 2 is. Samsung’s Galaxy screen range from 5.1 to 5.5, while Apple ranges from 4.7 to 5.5, hopefully Apple rethinks the 4.7 screen and makes it a little bigger for users who do not want to buy the plus. (Reisinger, Apple) Both Apple and Samsung have different forms of mobile payments, but more users have been reported using the Samsung because it is offered at more places. Samsung could be working with more companies to get their product out there more, but also some people could be worried about the threat of it altogether. The Apple IPhone ranges from 649$ to 849$ depending on the GB storage you’d like, while the Samsung Galaxy ranges from 672$ to
Samsung’s cost advantage is clearly visible from the comparison of costs (and their elements) that were borne by the company and its competitors in 2003 (Tab. 3): Samsung’s overall cost was 24 per cent lower than the weighted average cost of the other four producers; two most significant elements of the cost structure, i.e. raw materials and labour, were 36 and 27 per cent lower respectively. When expressed by means of a relation of average selling price to costs (“productivity” of cost elements), the differences are even more visible (comp. Tab. 4 ): overall superiority of Samsung over its competitors exceeded 51 per cent!
In 2014 both Apple and Samsung sold a combined total of about 108.2 million units of their products! Samsung sold about 71 million units while on the other hand Apple sold 94.75 million units. For the past few years, the competing and comparison between Apple and Samsung was at its maximum. Fights started between people to prove an idea about which company is the best but they did not know that they were only comparing their smartphone. That is not the only thing a person should concentrate at while comparing two of the biggest multinationals in the world. People should look at the sales of all of the company’s products, their profits and losses, the history of the company, and the reviews of the people about their products. Samsung has proven itself to the people in the past few years of being better than Apple especially when it came to smartphones and laptops.
At Samsung our mission statement is “inspire the world, create the future” (Samsung). So Samsung is coming out with a new product called the RobotMop. This product is an extension of our robot vacuum line. We will be determining our external market environment, competitors, customers, and SWOT of Samsung. We will also be determining the organization 's Marketing Mix and its Target market such as: Product plan, Place or Distribution Plan, Promotion Plan, and Pricing Plan. This marketing plan will help ensure the success of the innovated product, RobotMop. The first step is evaluating customers’ needs and the external environment. Here in the United States of America, the economy is market-directed. This is where customers have the main vote for what is produced
Samsung was founded by Lee Byung-Hee in 1938 as a trading company. During the next three decades, the field of the development of a diversified group , including food processing, textiles , insurance, securities and retail. Samsung introcuced the electronics equipments in the late 1960s and construction, shipbuilding and other industries in the mid-1970s; these areas will promote its subsequent development. Following Lee’s death in 1987, Samsung is divided into four business groups - Samsung Group, New World Group, CJ Group and Hansol Group. Samsung has since the 1990s increasingly globalized activities, as well as electronic products, especially mobile phones and semiconductors, have become the most important source of income.
This strategy is very much about the business which is carried out as usual. In this strategy the marketer is focusing on both the product and the market opportunity.
Apple did win the last quarter of 2014 for its major sales on the iPhone 6 and the iPhone 6 Plus, but Samsung quickly regained their spot back after the company’s older Galaxy phones sold at a vast rate, as a result of discounts and sales promotions.
A product is a service or item that is offered to the customer to fulfilled their requirements and needs. A brand portfolio is used to include all entities when a large organisation run under various and numerous brands, services and company. Typically, each of the brands possesses a separate trademark and manage as a single business entities. Samsung is a huge company and produce various products with creative and interesting design and sizes, therefore customer has numerous choices. Samsung brand portfolios is Samsung Electronics Co.Ltd, SDI Co.Ltd, Electro-Mechanics Co.Ltd, Techwin Co.Ltd, Heavy Industries Co.Ltd and Security Co.Ltd. All those products had been offered to the multinational company and the world. Every Samsung brand is regulated
Market orientation is one of the marketing strategies used by a company to attract consumers. Market orientation can be defined as the “focus of discovering and meeting the need and desires of its consumers through its product mix” : (Investopedia, 2010). Market orientation works in reverse as it attempts to tailor products to meet the demands of the customer (Investopedia, 2010). It can also be though as a coordinated mark...
Samsung used the “new product development” strategy. According to Kotler/Armstrong new product development is defined as the development of original products, product improvements, product modification, and new brand through the firm’s own product. Samsung also unveiled a new strategy, which is called “new management,” a top- to-bottom strategy for the entire company. Lee Kung Hee, CEO, hired young designers to produce new ideas that could get the company in the direction that he wanted it. New designs .Sleek, bold and beautiful products, so that they could target high-end users to the company. Samsung also was testing new product concepts.
This case study analysis is on Samsung Electronics Company (SEC) and how it has climbed up the ranks in the past decade via calculated marketing strategies, extensive market research and analysis, and a risky bet on how the market will evolve. Samsung’s principle outlook took time and education from within and thereafter the general market.
When analyzing an organization’s target market, the first step is to understand the business and what they hope to achieve through their marketing strategies. Targeting and positioning strategies consist of analyzing and identifying segments within a given product-market, choosing which segment or segments to target, and developing and implementing a positioning strategy for each targeted segment (Cravens & Piercy, 2009). The company’s target market determines what customer group or groups the company wants to serve (Cravens & Piercy, 2009). Analyzing IKEA’s target market allows the company to determine if their marketing strategies have successfully targeted their intended customer group or groups. Discussing the company’s positioning strategy helps determine if the strategy is effective or if the company must make improvements strengthen their positioning strategy. The company must determine if their targeting and positioning strategies may be lacking. If the company’s targeting and positioning strategies are lacking, the company must determine what they must do to strengthen their targeting and positioning strategies.
Comparing the design between Apple and Samsung, they have some differences and similarities. Apple more focuses on simplicity than Samsung. Steve Jobs, was the CEO of Apple Company, always tell the employees that simplicity is the ultimate sophistication. When you look at Apple products you will realize that there look really simple, clean and unique. IPhone only has very few colors, and most of them are black and white. Touch screen and three buttons on the side are pretty much everything on the IPhones. It does not have too many different series and most of the Apple products design very similar. Compare to the Apple, Samsung smartphones have many different series and designs. Customers have options to selects their favorite designs, colors or size among the Samsung’s