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PRODUCTS,MARKETING
MIX,MARKET
SEGMENTATION,TARGETING
AND POSITIONING
BY
BASHEER KJ
S6 MBA (PT)
INTRODUCTION
The Samsung Group is a South Korean based
conglomerate company that includes a number of
subsidiaries.
Samsungs primary focus is in the electronics, heavy
industry, construction, and defense industries.
Other major subsidiaries of Samsung include insurance,
advertising, and entertainment industry businesses.
Samsung is one of the largest businesses in Korea,
producing nearly one fifth of the countrys total exports.
Samsung was formed in 1938 by Lee Byung-chull as a
trading company based in Su-dong.
HISTORY
SAMSUNG ELECTRONICS
Established in January, 1969
1970s: Bet the future on electronics
laid the groundwork for electronics in Korea
helped the domestic economy grow
paved the way for exports
SAMSUNG PRODUCTS
CONSUMER PRODUCTS
Mobile phones
Televisions
MP3 & Audio/video
Cameras & camcorders
Professional displays
Printers and multifunction
Home appliances
Contiued..
BUSINESS PRODUCTS
IT Business products
Professional display
Hospitality solutions
Semi conductor
Lcd panels
Tele communoications
Set top boxes
Storage
Fibre optics
PRODUCT
PRICE
PHYSICAL DISTRIBUTION/PLACE
PROMOTION
PRODUCT
Samsung has a vast product portfolio and its presence is in different product
categories.
Productsin the marketing mix of Samsung
1) Tablets
2) Mobile phones Smart phones, normal phones,
3) Televisions LEDs, LCDs. Plasma TV, SMART TV, HDTV etc
4) Cameras and Camcorders
5) Refrigerators
6) Air conditioners
7) Washing machine
8) Microwave ovens
9) IT Laptops, printers and accessories
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 themarketing mix of
Samsung,the product portfolio is one of the strongest point for Samsung.
PRICE
Price in the marketing mix of Samsung: Samsung
marketing strategy involves two pricing strategies and
lets see for what goals are they used.
Skimming price Smartphones of Samsung are leading
the market withApples IPhone. As Apple, Samsung also
uses skimming price to gain the upper hand over their
competitors. For instance, Galaxy S6 and S6 Edge are the
brands new products of Samsung carrying the slogan
Next is Now and claiming that they are themost
beautiful smartphones ever created. Without a doubt, S6
Edge (64 GB) that costs1 180$ will brilliantly/smoothly
sell around the globe. But, what will happen when other
competitors will launch a smartphone with identical
features? Simple, Samsung will lower the price and easily
steal customers from the competitor.
PLACE
Samsung uses channel marketing in its industry. And from this strategy,
only service dealers are taken into account for corporate sales.
Retailers who present the technology chain are bound to include Samsung
in their list, because of the firm being a world-famous brand and
Samsung can also serve as an alternative for the consumers.
The distribution is a compelling part of the Samsung marketing strategy.
In certain cities, Samsung has a contract with a single distribution
company that distributes the product throughout the city.
For instance, Mumbai is a great example of a city, where Samsung
distributes its product through a single company.
These reasons may vary, but some of them might be like less
concentration required for monitoring distribution channels or paying
less to distribution companies because while placing a large order,
discounts are always present.
PROMOTION
Samsung marketing strategy uses diverse forms of promotion.
As Samsung is convinced that advertising is one of the best
forms of promotion to engage potential consumers.
Besides advertising, Samsung approaches different
promotional tactics to make customers buy the product.
For instance, quite often, Samsung introduces discounts,
sponsors events, engages with national and worldwide
festivals, etc.
Hence, the Samsung marketing strategy simultaneously helps
the organization progress in different aspects.
Samsung Advertising
Method
Samsung using direct and indirect method.
Direct method, for example, Samsung advertise
their product through television, internet, and
other else.
Indirect method, for example, Samsung let
customer try their new product and let customer
know that their new product is good to use.
Advertising TV advertisement of Samsung
Print advertisement of Samsung
Point of sale advertising
SEGMENTATION OF MOBILE
DEVICES
Geographical Segmentation.
Demographic Segmentation.
Behavioral Segmentation.
Psychological clause.
Socio-economic.
GEOGRAPHIC
SEGMENTATION
Demographic Segmentation
Psychological
Segmentation
BEHAVIOURAL
SEGMENTATION
Good Brand Image from other electronic products.
Value for Money Products.
Many Service centers across India
TARGETING
After segmenting the market based on the different groups and
classes, the targets need to be chosen. Samsung mobiles have
the following target customers:
trendy young people.
Professionals.
Large businesses.
The common cellular phone users.
Organizations such as: services to public safety, the
government, and both utility and manufacturing enterprises.
Institutional sales for colleges.
Target is not only number driven but also about acquiring and
retaining customers.
POSITIONING
Positioning is about the customer perception about the brand as being
different from the other brands on specific dimension including product
attributes.
The strategies adopted by Samsung to position itself in the Mobile Phone
market are as follows:
It focuses more on the real margin which comes from mid-to-high-end
segments
Samsung Concept Store
Market making & category creation in small towns
Wider Care Network.
Access to Samsung care line
Pioneering in the 3G segment of mobile phones.
Branded itself as a synonym for quality.
Created a Unique Brand Image for itself as a high end value driven brand
REFERENCE
http://stpsamsungmobiles.blogspot.in
http://www.samsung.com
Marketing 91.com
gadgets.ndtv.com Mobiles All Brands
http://www.gsmarena.com/samsung-phones-9.php
THANK YOU