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Samsung Electronic Company. Main Issue. How to become the world’s preferred brand of premium electronics?. Recommendation. Focus exclusively on the Samsung brand Keep consistent global message Tailor for region and product line. Agenda. Current situation Challenges Alternatives
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Main Issue How to become the world’s preferred brand of premium electronics?
Recommendation • Focus exclusively on the Samsung brand • Keep consistent global message • Tailor for region and product line
Agenda • Current situation • Challenges • Alternatives • Recommendation
Current situationHistory • Founded in 1969 • 1970s • Low cost manufacturer • 1980s • B-to-B market • Commodity products for OEMs • 1990s • Manufacturing quality and technical leadership • Product driven company, B-to-B market • Focus on digital products • 1997 • Start transition to B-to-C market • High-end premium goods • 2003 • current
Current situationCompany • Vision • “to lead the digital convergence movement” • Business areas • Digital media • Telecommunication network • Semiconductor • LCD
Current situationMarketing plan • Product • Innovative, cutting edge • Product diversification • Promotion • Single agency for worldwide image • Mix of a “pull” and “push” • Price • Premiums on high-end products • Premium for customization • Place • Product sells exclusively through channels • Transition from value to premium channels
Challenges • Main • How to become the world’s preferred brand of premium electronics? • Top 10 in BusinessWeek's world's most valuable brands • Components • Samsung’s brand value • Communication strategy • Buy-in from the division managers
ChallengesBrand value • Brand profile analysis • Cold, aloof • Value based • Brand report card toolkit • Improvement opportunities • Pricing strategy • Consumer’s perception • Difference across countries and product lines
ChallengesCommunication strategy • FCB study • Relationship monitor • market/country results • product line results • Create Samsung “flavor” • Develop brand experience
ChallengesBuy-in of managers • Product driven company • B-to-B mentality
Alternatives • Stay the course • Single brand, communication mix • Brand extension • Through inherited sub branding • Multiple differentiated brands • Per market and/or product line
AlternativesStay the course • Current strategy very successful • From 34th to 25th place • Samsung brand value • Return on investment
AlternativesSingle brand, communication mix • Samsung brand value • Return on investment • Communication mix per segment • Tailor for specific country/market • Tailor for specific product line • Single global image with customization
AlternativesBrand extension • Create sub brands • Specific to country/market • Specific to product line • Capitalize on Samsung brand value • Targeted communications
AlternativesMultiple brands • New brands for markets • Expansion and diversification without confusing brand image • Segment markets and products • Value products, entry markets • Premium product, established markets • Insulation from sub-brand failures
AlternativesCriteria set • Return on investment • Brand focus and confusion • Future growth • Strategic fit
Recommendation • Focus exclusively on the Samsung brand • Keep consistent global message • Tailor for region and product line
RecommendationAnalysis • Return on investment • Samsung brand value • Brand focus and clarity • Company of choice • The leader in digital products • Future growth • Global presence • Strategic fit • Digital convergence • Product breadth