7. The Goal of the Company:
The ultimate goal of Samsung electronics is to emerge as a global
business leader.
8. Marketing Strategy:
The Company uses 4 marketing mix in their marketing strategies:
Products in the marketing mix of Samsung.
Price in the marketing mix of Samsung.
Place in the marketing mix of Samsung.
Promotion of the marketing mix of Samsung.
9. Products in the marketing mix of Samsung:
Tablets
Mobile Phones
Smartphones
Normal Phone
Television
Camera
Refrigerator
Air Conditioner
Laptop etc.
10. Price in the marketing mix of Samsung:
Because of its presence in deferent product categories
Samsung uses various pricing strategy. Samsung Company
follows Skimming the price and Competitive policy in the
marketing mix.
11. Place in the marketing mix of Samsung:
Samsung is present through various channels in the market.
It works on the channel marketing concept wherein there
are three segments such as sales and service dealers,
modern retail, and distributors.
12. Promotion of the marketing mix of Samsung:
Samsung uses multiple forms of promotion and tactics to
attracting the customers to themselves through advertising
and other sales promotions.
14. Marketing Budget of Samsung:
Samsung will have spent $14 billion on marketing and promotion of its
products in 2013 which is more than Iceland’s total GDP. According to
data from Thomson Reuters, Samsung will spend 5.4% of its annual
revenue on advertising and promotion, more than any other of world’s
top 20 companies by sales.
15. Conclusion:
It is very clear that mission and vision policy, marketing strategies,
technological updates and research and development are the key
features for the progress of a company.