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1 INTRODUCTION
A SWOT analysis is a planning tool used to understand the Strengths,
Weaknesses, Opportunities, and Threats involved in a project or in a business.
It involves specifying the objective of the business or project and identifying
the internal and external factors that are supportive or unfavorable to achieving
that objective. The SWOT analysis is great for developing an understanding
of an organization or situation and decision-making for all sorts of situations
in business, organizations and for individuals. Note that in itself is only a data
capture.
The degree to which the internal environment of the firm matches with the
external environment is expressed by the concept of strategic fit. Identification
of SWOTs is important because they can inform later steps in planning to
achieve the objective. First, decision-makers should consider whether the
objective is attainable, given the SWOTs. If the objective is not attainable,
they must select a different objective and repeat the process. nalysis may view
the internal factors as strengths or as weaknesses depending upon their effect
on the organization's objectives. What may represent strengths with respect to
one objective may be weaknesses (distractions, competition) for another
objective. The factors may include all of the 4Ps as well as personnel, finance,
manufacturing capabilities, and so on. The external factors may include
macroeconomic matters, technological change, legislation, and sociocultural
changes, as well as changes in the marketplace or in competitive position. The
results are often presented in the form of a matrix.
SWOT analysis is just one method of categorization and has its own
weaknesses. For example, it may tend to persuade its users to compile lists
rather than to think about actual important factors in achieving objectives. It
also presents the resulting lists uncritically and without clear prioritization so
that, for example, weak opportunities may appear to balance strong threats.
Samsung has a vast product portfolio and its presence is in several different
product categories. The brand image driver for Samsung are the Samsung
Smartphone’s such as the Samsung note series or the Samsung galaxy series.
Overall, Samsung is present in the following product categories.
Products in the marketing mix of Samsung:-
1) Tablets
2) Televisions – LEDs, LCDs. Plasma TV, SMART TV, HDTV etc
3) Cameras and Camcorders
4) Refrigerators
5) Air conditioners
6) Washing machine
7) Microwave ovens
8) IT – Laptops, printers and accessories) Mobile phones – Smart phones,
normal phones.
The benefit of Samsung in terms of its product is that there is a trust on all
Samsung products because of the way Samsung products have performed in
the
last few years. Problems with the products has been negligible. And with its
Smart phones, Samsung has achieved a status symbol for its customers. At
the
same time, Samsung is known for its service and people know that Samsung
gives a very fast service for any of its product. Thus in the marketing mix of
Samsung, the product portfolio is one of the strongest point for Samsung.
삼성생명
Type Public
Industry Insurance
Business Strengths
Your business' strengths rest upon a number of factors: your company's
product, reputation, profitability and workforce. If you have a product or
service that's in demand, it bolsters your profitability. By providing the
highest-quality product and service, your business reputation improves. Your
workforce, or human resources, enables you to create the best product you can.
In addition, your workforce can build your company's reputation by providing
an optimum level of customer service and attention to your clients' needs.
These things make up the first set of internal factors to consider in your SWOT
analysis.
Business Weaknesses
In contrast to strengths, your business may experience some weaknesses.
The same factors you evaluate as your company's strengths are what you
consider when looking at your potential weaknesses. If the shelf life of your
product is limited, or if the quality of the service you provide is below par,
these are potential weaknesses. If you forecast a decline in demand for your
product or service, this is an area in which you can make improvements. Re-
engineer your product or brainstorm with your workforce on how to improve
the service you provide. These are approaches that businesses consider when
detecting or anticipating internal weaknesses.
Business Opportunities
Opportunities are external factors that can affect your business, if you
recognize them and follow through on taking advantage of them. Look to your
internal strengths to approach opportunities with confidence. Your workforce
can be an extremely valuable resource. Your employees can assist in
identifying new opportunities, such as the opening of new markets or the
demand for a new service offering. Or your workforce can create new
opportunities by developing a new product or service your company can
market to your customers.
Business Threats
Threats are another type of external factor you can handle with your
company's strengths. A threat to your business success could be the opening
of a competing company or a competitor whose customer service levels have
improved so it draws a larger client base. Another serious threat could be a
dramatic drop in demand for your product or even a faulty product that will
take time to repair.
Samsung company is a South Korean multinational conglomerate
headquartered in Samsung Town, Seoul.[3]It comprises numerous affiliated
businesses,[3]most of them united under the Samsung brand, and is the largest
South Korean chaebol(business conglomerate). Samsung is a large
worldwide company based in Seoul. Samsung means "three stars" in Korean.
Strengths in the SWOT analysis of Samsung
One of the key strengths of Samsung is its brand image and that’s why it is
one of the most popular electronics and IT brands globally. Apart from being
an innovative brand that has brought several market leading products likes
Galaxy smartphone and High Definition screens, it is also known as a socially
responsible brand. A strong brand image is a sign of popularity and Samsung
ranks among the top brands in the Asian markets in terms of popularity. In the
recent years several successful product releases and a great branding strategy
have strengthened this image further.
Global presence:
Global presence is also a key strength of Samsung. It has 217 operation hubs
operational globally. Apart from that, it has offices across 73 countries that
employ around 320,671 people (as of end 2017).
Asian markets are Samsung’s stronghold. Both China and India are leading
markets for Samsung where the popularity of its products is high. US may be
the largest market for Samsung but the Asian markets are growing increasingly
important for the global brands. China is a developed country and holds
immense potential as a market for consumer electronics, computer parts as
well as smartphones. India is also developing very fast and holds immense
potential as a major Asian market.
While the PC market has declined during the recent years, still it is a major
market with huge potential. HP, Lenovo, Dell and Apple are the leading
players in this industry and Samsung’s market share is much small as
compared to them. While Samsung has brought a nice line of computer
products still competition is intense and it has not been able to be among the
top six in this industry.
Higher dependence on the American markets:
Samsung depends on the American markets for a large part of its revenue
and this can be a weakness. Fluctuations in the American markets can affect
its revenue and profits. To reduce it, Samsung would need to penetrate the
Asian and European markets deeper. Moreover, depending too much on
American markets can subject it to unnecessary pressures which can be
avoided by having a more consistent performance globally.
Technological advancement are happening at a fast pace and this offers the
technology brands a major opportunity to take their products and consumer
experience a step ahead of their competitors. AI is a hot area right now which
can help Samsung improve its customer experience manifold. Moreover
focusing on this area can help it bring superior products and grow its
popularity faster. The technology market has grown highly challenging and
competitive and the best option before any technology brand looking to grow
its business and revenue faster is to invest in innovation.
HR Management:
Digital technology has progressed fast in the recent years and brought new
opportunities of marketing as well as HR and supply chain management for
the business brands. Marketing and supply chain management are very
important areas for any technology brand. Samsung can use digital technology
to engage its customers and supplier better. Moreover, digitising the supply
chain has been found to offer several important benefits like reducing costs
and lead time.
Samsung must try to grow its market share and customer base through
diversification and by acquiring other businesses. In the technology industry
there are several related areas where diversification can easily open new
channels of revenue and growth. Moreover, since Samsung is in good financial
shape, it will be easy for the brand to generate new sources of revenue by
acquiring other smaller businesses that strengthen its core offerings.
Competitive pressure:
The legal and regulatory difficulties before the global technology brands has
grown making it more difficult for them to operate internationally. While laws
differ from market to market, there are several to comply and non-compliance
results mostly in heavy fines. From labor to environment and product safety,
there are strict laws in each area that require to be complied with.
The costs of raw material and labor have kept rising over time leading to
higher operational costs for Samsung. This can be a major threat requiring
better management of supply chain as well as Human resources. It also leads
to higher operational costs and burden on revenue and profit margin.
Geographic Segmentation
Samsung geographic segmentation is world wide, they sell their phones in
61 different countries. They make slight variations in languages and
applications but the physical appearance of their phones is universal.
Demographic Segmentation
Age Segmentation: Their target age segmentation is teens, young adults
and adults in early and mid 30's.
Ethnic Segmentation: Since Samsung sells world wide, they don't havea
specific ethic segmentation.
Family Life Cycle Segmentation: Their target family life cycle is young
single, young married or divorced with or without children.
Benefit Segmentation
When Samsung customers buy their phones the benefit they expectfromit is
simple appearance, new and updated features and reasonably priced.
The availability of Spice, Huawei and Haier is also good in CDMA market with
availability more than 50% mobile retail stores.
I also make a survey between 40 people that which mobile is more
prefer by the people in today’s market trend among Samsung, Redmi,
Vivo and Oppo and I found that.
Preference 10 18 4 8
20
18
16
14
12
10
0
Samsung Redmi Vivo Oppo
INTERPRETATION
Out of 20 people 10 people prefer Samsung which is 25% people of
my survey.
Out of 20 people 18 people prefer Redmi which is 45% people of
my survey.
Out of 20 people 4 people prefer Vivo which is 10% people of my
survey.
Out of 20 people 8 people prefer Oppo which is 20% people of my
survey.
Majority of CDMA mobile market share in stores vary between 20% - 40%.
MARKETING SHARE
Market Samsung LG Haier Spice
SShare
Less than 1 shop 2 shops 79 shops 28 shops
20%
20% - 30% 23 shops 33 shops 22 shops 39 shops
Articles: -
Mikolaj Pindelski (2015), Warsaw School of Economics 978-83-
65416-51-3