The competition of smartphones in developed countries, Price war, and the Rapid changes in technology. Developed countries may offer other smartphones, with brand loyalty of consumers with the other brand, it could affect Samsung’s total sales. Price war is the bigger threat, as mentioned earlier, you can get Samsung product at a lower price than other competitors, with Samsung selling its product on a significant price cut: other competitors can copy this strategy which could push Samsung’s profit margin into the lesser percentile. The biggest threat is how our technology rapidly changes: This I believe is a serious threat not only for Samsung, but for all electronic companies. Realizing Samsung’s strength, weaknesses, opportunity and threats (SWOT), makes one wonder what’s the company’s goal.
Africa growth is significant as compare to other countries. Africa trading in terms of GDP increased from 38% to 43% between 1918 to 1989 and 1999 to 2000. Present day, trading increases the productive capacity and enhances the economics of Africa. Africans are capable for trading (export and import) for their goods. Trading introduced new things in Africa like dressing buibui for women and kanzu for men.
He established 19 new embassies across Africa and Brazil has then expanded its engagement with Africa rapidly, doubling its diplomatic presence from 17 to 37 embassies in 54 African countries over the last decade. Among non-African countries, Brazil has the fifth largest number of embassies in Africa after the US (49), China (48), France (46), and Russia (38) which could help build long-term relationships with African countries. The above indicates that the intensification of economic ties over the past decade was driven by government initiatives during the Lula
Describing and assessing the current technological threat to the Nokia Nokia was the top valuable brand in the world, during the year 2005, with the turnover of euro billion 51.1. The brand name of “NOKIA” placed as a producer and seller of cell phones in the mobile industry. However with that era, Nokia was able to compete with other competitive cell phones brand. Because of its uniqueness. As a result of it, other brands was not success in the market.
Customers will compare the purchase price of the items to minimize costs by buying the desired goods at the low price. The total cost of the actual product price offered by AC Watch is RM500 per units. For competitor A, the selling price offered is RM1299 per unit. For competitor B, the selling price offered is RM1599 per unit. So, AC Watch Company Sdn Bhd has the advantage which is the selling price of the products is cheaper.
Then on September 15th, the Samsung premium smartphone – the Galaxy Note 8 – went on sale. My friends and I wondered what the differences between those two smartphones are and which smartphone is better. At the end of the discussion, we figured out that Samsung’s smartphone is better than Apple’s smartphone for the following reasons: it has a better price, better design, and is easier to use. Firstly, Samsung offers a lower price for devices than Apple does. Apple sells high-end phones almost exclusively while Samsung has a huge number of smartphones with variable prices.
Ideally, the brand should be easy to pronounce and easy to remember. A premier brand product typically costs more to purchase than an economy brand. Consumers are paying for the name and the quality of product that name guarantees. There are a few extensions to corporate branding. One brand name may be used for a number of products in family branding, or all the products may be given different brand names in a practice called individual branding.
Costa Rica, has few people willing to pay a high price for the good, despite its low tariffs, Samsung is likely to increase its operations in another country. For instance, in the UK, despite high tariffs, consumers are willing to pay (Carter, S., and Jones-Evans, D, 2012). Before this, the strategic managers do carry out a cost/benefits examination to determine which country possesses a higher profit potential. Through these analyses, Samsung managers incorporate global strategy into strategic management. Internationalization refers to the involvement in international operations that relate to activities such as technology transfer, foreign trade, information flow and data, capital flows, Foreign Direct Investment, mergers, acquisitions, among others (Brookes, I., Weatherston, J. and Wilkinson,
Increased urbanization levels: Currently, around 40% of Africans live in cities; by 2050, 63% of Africa’s population is expected to be urban and countries like Nigeria, Ghana or Angola will see urbanization levels of around 80% 3. Increased spending power: Africa’s steadily growing per capita income drives the emergence of consumer markets with a surprising level of sophistication and growing spending power. EIU forecasts that by 2030, the continent’s top 18 cities could have a combined spending power of US$1.3 trillion. Solomon (1999) reported that recent data from a survey of United States-based companies estimated that there are about 350,000 overseas assignments, and these numbers are expected to grow in the next few years. According to Shi and Wang (2013) in the current age of economic globalization, more and more business expatriates have been sent for cross-national investment and overseas operation.
They are producing many goods for cheaper. According to office of the US trade representative (United States Census, N/A) China is American second trade partner with 562 billion dollar in total goods traded. If they are producing many good it become cheaper and develop world will trade with them since it is cheaper to trade with