Introduction
Knowledge refers to the combination of all activities which are directed for collecting knowledge from the right source at the right time and storing and analyzing that knowledge for the future use within and outside of an organization. So, in this competitive business arena of 21st century, keeping all the stakeholders with the appropriate knowledge and information creates an organization building a competitive advantage over the key competitors in the market place (Frappaolo, 2002). So, organization like multinational organization like Samsung should always cultivate a culture of collecting, analyzing, sharing the information within their organization. After all, any organization which is ignorant about its market place cannot be able to create the successful stories at the end of the day.
Task One: Report describing how to assess and information and knowledge requires for Samsung UK market penetration plan.
Assessing information and knowledge about the market place and other business stakeholders should be a continuous process of organization like Samsung. Now, the case is Samsung has to go through all the knowledge and information …show more content…
So, it is our urgent responsibility to analyze the appropriate information regarding the market and target segment very carefully. To understand, this report will focus on several areas regarding this topic. This report will indicate the sources form where information can collect to make penetration strategies viable in the market. After reading this report, you will be able to know those factors which should be taken into consideration before undertaking the market penetration strategy in the UK market. Along with that, we recommend you in this report to go through the UK business law before taking any huge decision on behalf of
Knowledge refers to the combination of all activities which are directed for collecting knowledge from the right source at the right time and storing and analyzing that knowledge for the future use within and outside of an organization. So, in this competitive business arena of 21st century, keeping all the stakeholders with the appropriate knowledge and information creates an organization building a competitive advantage over the key competitors in the market place (Frappaolo, 2002). So, organization like multinational organization like Samsung should always cultivate a culture of collecting, analyzing, sharing the information within their organization. After all, any organization which is ignorant about its market place cannot be able to create the successful stories at the end of the day.
Task One: Report describing how to assess and information and knowledge requires for Samsung UK market penetration plan.
Assessing information and knowledge about the market place and other business stakeholders should be a continuous process of organization like Samsung. Now, the case is Samsung has to go through all the knowledge and information …show more content…
So, it is our urgent responsibility to analyze the appropriate information regarding the market and target segment very carefully. To understand, this report will focus on several areas regarding this topic. This report will indicate the sources form where information can collect to make penetration strategies viable in the market. After reading this report, you will be able to know those factors which should be taken into consideration before undertaking the market penetration strategy in the UK market. Along with that, we recommend you in this report to go through the UK business law before taking any huge decision on behalf of