Samsung SWOT Analysis
Introduction
Samsung is known globally for its electronic products and it is one of the successful brands in the electronic industry. It is an established company almost all around the world.
Vision
Leading the digital convergence revolution growing to be the best.
Mission
Digital-e company
Swot Analysis Of Samsung
SWOT analysis is the tool which helps the organization to understand where it stands. The SWOT analysis of Samsung make it understand that where Samsung stand in the market.
Strengths
Samsung is technologically very advanced; it has heavy assets of technology. It is known for its technologically advanced products.
Samsung crushed new product concepts in five months. It is strong corporate brand and known for its quality products and advanced technology use.
It attracts customers by offering new and innovative design through understanding the customers that which type of designs are suitable to customers and what they want or asked about.
It heavily invest in technology, product design and human resource, because for the success of every organization human resource plays a major role, with out human resource no product can be made that’s why Samsung gives more important to the human resource.
Samsung focuses more towards the innovations and try to keep improving the products to attract more customers and capture more market share.
Weaknesses
Although Samsung focuses innovation but it is not proactive to introducing new products, it waits to attack the competitors. It also lacks in product differentiation.
Samsung caters mass market instead of niche market so for this purpose it sets low prices of products and low price products seem as low quality products, so Samsung products perceive as low quality as compared to competitors’ products.
Most of the Samsung products are not user friendly which is a hurdle for Samsung to make it market leader.
Opportunities
Through make itself distinctive from competitors, it can gain more market share. By providing distinguish services it can increase its customer base.
Another opportunity is product variation, by introducing unique products and existing products with variety; it can attract its target market and can get more market share.
As the demand for the cell phone is increasing as compared to other electronic market, Samsung has the great chance to introduce user friendly mobile phones at affordable price. It would help to beat customers and also to lead market share.
Threats
Samsung competitors in electronic market are more dominant e.g. Sony, Panasonic, LG etc in home appliances and Nokia, rim, 3G, etc in mobile phones market so it has to struggle a lot to be the market leader.
Telecommunication industry is growing day by day so the no. competitors also increasing so it is difficult for Samsung to establish in that industry, it is more behind in this industry as compared to other electronic items.
Samsung advertisement is not excessive while the competitors advertise their products excessively which can take away the existing customers of Samsung.
2 Responses to “Samsung SWOT Analysis”
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Worthless SWOT… Aside of the fact that Samsung currently is the technological leader in the industry, their business model is not stooled on diversification in existing markets but on the corporate side. They are a heavily R&D oriented company, which makes them a pioneer in most markets. Even though I understand this SWOT was posted roughly a year ago, even then it was clear that Samsung -through early and risky strategic investments- became the market leader in knowledge and sales-volume in both the Liquid Crystal Display market as well as the DRAM-module market.
Aside of that, their position is even stronger because they are their competitors’ biggest supplier through both their hardware as well as their semiconductor division…
Their weaknesses however are mostly market related; a fickle market with low loyalty. Next to that they still hold on to classic management styles while being slightly reluctant to improve those to modern standards.
Hi Wouter, I liked very much your comments, thank you.
However I didn’t understand much that part:”…their business model is not stooled on diversification in existing markets but on the corporate side”. What do you mean with corporate side? Could you explain me with other words? Thank you again. Mari