brand management (1)
DESCRIPTION
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BRAND REPORT CARD
Delivers Benefits Customers’ DesireSamsung develops electronic
products that answer customers’ needs.
The company emphasizes “wow”, “simple” and “inclusive” through innovative products that deliver value, ease of use, availability and affordability
Stays RelevantSamsung’s emphasis is on
innovative products, state-of-the-art, and cutting edge technology. This insures that its products are relevant to consumers.
Price Based on Perception of Brand’s ValueSamsung strives to become a
high end product manufacturer that can charge a premium for its products. This was true for the B2B market through customization and is in the B2C market through innovation and ease of use
Properly PositionedSamsung differentiates itself
from competitors through features and capabilities of its products. It also uses the “market driven change” program to find hidden needs that help it differentiate its products in the market
Brand is ConsistentThrough the use of a single firm
to create its worldwide advertising, the brand has a consistent image
Brand Portfolio and Hierarchy Make SenseAll initiatives are done under the
digital convergence umbrella. This insures that all products line up correctly in the market. Driving to attain digital convergence would mean that some products will become obsolete and re-evaluation of the product offering has to take place periodically
Marketing ActivitiesAll marketing activities are
coordinated through its GMO marketing division
Understand Customers’ Perception of the BrandMarket research and analysis
have taken place and the different perceptions of the brand in different countries and across product lines are understood
Proper SupportTop management is committed to
enhancing the brand’s value. There is a challenge in
convincing the division managers to align
Brand Audits and AssessmentResearch on the brand’s value
has been done by an independent consulting firm. Samsung has a clear and unbiased assessment of its brand value. It also continues to collect information about trends and perceptions in the marketplace
Bar Chart
STRENGTHS 1. Hardware integration with many open source
OS and software2. Excellence in engineering and producing
hardware parts and consumer electronics3. Innovation and design4. Focus on environment5. Low production costs6. Largest share in mobile phones and 2 place
in smartphones sales7. Ability to market the brand
WEAKNESS1. Patent infringement2. Too low profit margin3. Lacks Innovation4. Lack its own OS and software5. Focus on too many products6. Almost similar models across ranges