Consumer electronics

Samsung electronics has been around for decades and has expanded in many ways. In 1938 Lee Byung- Chul founded Samsung Electronics, originally manufacturing televisions, calculators, refrigerators and etc. In 2012 it was known as the one of the largest conglomerate companies that had an overall revenue of $248 billion. To become a conglomerate, a company must enter an industry that has no relationship to the industry in which it currently operates. Samsung became a conglomerate because it was involved with different industries such as electronics, chemicals, shipbuilding and construction. At first, being conglomerated may attract consumers, however it can also reduce company sales and management can experience difficulties with industry knowledge. Throughout the years, Samsung has been leaning towards becoming a highly diverse company. They want to fully utilize their existing resources and capabilities. Samsung 's main core competencies are technology leadership, innovative culture and customer satisfaction. For instance, Samsung launched its first mobile phone in 1980, which wasn 't very successful because of the quality. Due to the embarrassment and poor quality of the phone, the chairman sets fire to 150,00 mobile phones to show his disappointment. After that downturn, Mr. Lee Byung knew he had to increase the culture and…

Having lived in the United States, Ohio, for all my life experiencing everything that is available to purchase and use in the electronic world. It is no wonder to me that families now a day are not connected personally, as they were twenty years ago. With children having some form of an electronic, devise in their hands all day long. Unfortunately, I am a parent who has fallen into that trap. Both of my older boys had cell phones when they were in Jr. High School but not until they participated…

Sarah, That's insane that the Consumer Electronics Show took up space of two million square feet, thats enormous! I didn't know Audi, a automobile company attended this event, that's actually pretty cool because many car companies are implementing various technology features into their vehicles, some even making them in their standard models, but it's understandable why some companies such as Audi, Mercedes, BMW don't put all their features in their standard models since it's a luxury and they…

Best Buy has had some success over the years since the recession of 2007. Despite them leading in the market share over their competitors at the time, as well as large and consistent profits, as well as a healthy stock return, and a global expansion strategy. In achieving this goal, they also brought down 2 of their biggest competitors which were Circuit City and CompUSA. With CompUSA temporarily out of the picture in 2007 due to the economic recession, and a big time reduction in consumer…

RadioShack — once the go-to chain for consumer electronics — will shutter 1,000 stores during the Memorial Day weekend as it undergoes its second round of Chapter 11 bankruptcy proceedings, the company announced Friday. RadioShack will continue to operate 70 brick-and-mortar stores across the U.S. as the retailer migrates most of its sales operations to its website, RadioShack said in a news release Friday. This round of closures does not affect the company’s 500 “dealers” — or franchisee-run…

Best Buy uses a business model that does not distinguish between different segments and they will mainly focus on one large group of customers with broadly similar needs and problems, in this case involving technology. Per our textbook, Business Model Generation, “This type of business model is often found in the consumer electronics sector” (Osterwalder and Pigneur 21). “Best Buy has become one of the biggest consumer electronics retailers in the world” (Wilson, “Statistics and facts on Best…

In the learning module, is states that consumers in some instances have stereotyped products and brands based on their country. In a way I think statement is very accurate, because some consumers based there decision on where a product has being made in. On the other hand, for some consumers it does not really matter what country the product is being made in there going to purchase the product anyways. Honestly, I can say for myself everything I purchase I always try to pay attention to where…

Technology has made an effect on consumer purchasing. Since technology is so diverse, it contributes to everything in our lives. Especially in the way we intrepret things or how we are influenced. Advertising can be done through newspapers, magazines, television, radio and the internet. Out of all the various ways, the internet has made the biggest impact upon consumer purchasing. Through the use of the internet, advertising products and services are more effective and efficient since it saves…

Introduction The company that I am choosing to analyze throughout this report is Samsung Electronics, a large company that is located within the consumer electronics industry as well as the semiconductors home appliances industry. For the purpose of this report, I will be discussing in detail about the consumer electronic industry because it is much more relevant in today’s economy, especially being a week before Christmas where sales increase. Currently, I am in the process of looking for a…

The development of social conscience has provided new areas of production focus for Samsung to achieve value added features. Environmental issues are forefront in consumer product evaluation, as global emphasis on this issue gathers momentum. Therefore, product development has been driven to achieve componentry that contains recyclable and environmentally safe manufacturing. The Galaxy Young 2 contains bioplastic components that are produced with a mix of recycled plastic, normal plastic and…