Top-Rated Free Essay
Preview

Samsung Company Segmentation

Satisfactory Essays
566 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Samsung Company Segmentation
1. SEGMENTATION:
One of the fundamental principles of marketing is the segmentation of the market. Segmentation means the splitting of the market into groups of end users who are:
1. Maximum similarity within each group
2. Maximum difference between groups.

Based on recent Marketing definitions, Behavioural and Psychographic Segmentation are the definitions that best represent Samsung’s current Segmentation Strategy.

· GEOGRAPHIC
Samsung focuses on rural area as well. It has Samsung Guru Segment for rural areas as well as Galaxy segment for urban areas. Samsung is one of the largest manufacturers of mobile phones, so they say Samsung has something for everyone. · DEMOGRAPHIC
Samsung has mobile phones for youth, age of 16-29, for businessmen etc. for middleclass youth it has Samsung Guru which is for govt. lower class workers also. Guru has many variants; it is coming in 3G also. It is a good option if you want to get a cheap 3G handset. Samsung Galaxy is a good option for youth as it has many attractive features as Wi-Fi, 3G. Galaxy is also for Businessmen.
Samsung has partnered with IT industry leaders to bring you the most relevant enterprise solutions and the most comprehensive mobile implementation of Exchange ActiveSync. Decidedly adept in security concerns and the answer to your every business need, the Galaxy S II is ready for serious enterprise usage.

· PSYCHOGRAPHIC
Samsung mobile is available for those customers ho have their choice based on their lifestyle. Samsung came with some so fancy mobile phones specially for girls and cheaper touch screen stylish phones so that everyone can enjoy touch screen The rate of normal mobiles. Samsung has its range of mobile phones start from 1200to 32,000+. TARGETING:
After segmenting the market based on the different groups and classes, the targets need to be chosen. Samsung mobiles have the following target customers:
— Trendy young people.
— Professionals.
— Large businesses.
— The common cellular phone users.
— Organizations such as: services to public safety, the government, and both utility and manufacturing enterprises.
— Institutional sales for colleges.
— Target is not only number driven but also about acquiring and retaining customers.

POSITIONING:
Positioning is about the customer perception about the brand as being different from the other brands on specific dimension including product attributes.

The strategies adopted by Samsung to position itself in the Mobile Phone market are as follows:
— It focuses more on the real margin which comes from mid-to-high-end segments
— Samsung Concept Store
— Market making & category creation in small towns
— Wider Care Network
— Access to Samsung care line
— Pioneering in the 3G segment of mobile phones.
— Branded itself as a synonym for quality.
— Created a Unique Brand Image for itself as a high end value driven brand.

Promotion
Samsung constantly holds sales promotional events. For example, recently, there is an event called “Samsung Smart TV Promotion” in HongKong. Customers can get a “FREE Samsung 3D LEDTV and 3D LCD TV” for a kind of lottery. The promotion is able to help Samsung expand its sales.
Place
Samsung sells its products by retailers and home appliance interlinks retail enterprises. Nevertheless, Samsung not only sells products in cities, but also in countryside. Samsung in China took part in a policy named “home appliances to rural areas” in 2009. This policy was to add profits to the masses that lived in rural areas. Samsung was one of the companies that help rural people improve their living standard

You May Also Find These Documents Helpful

  • Better Essays

    “Market segmentation is a two-step process of (1) naming broad product-markets and (2) segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes” (Perreault, Cannon, & McCarthy, 2011, p. 92). To complete successful market segmentation an organization must gather information on potential customers, divide the population into various market segments, estimate the most profitable segments, and rank the market segments by potential sales. This process is imperative during the marketing process because it distinguishes…

    • 1524 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Samsung Electroniss is a brand from Korea that include many electronis product but not just on phone.It sold TVs,computers,camera,and some mashine for daily using,etc.But the most attractive one are the smart phones and I have chosen galaxy note 2 LTE which is the newest smart phone and have more funtion than others .Note 2 costs $6198 and I think it worth this price because it have a 5.5D and 16:9 full touch display for us use it more…

    • 827 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    In fact it has been able to obtain a large market share in the growing economies because of its low end products. Another key strength of Samsung is that most of its products can easily be integrated with various software’s. It is not so with Apple and its devices are generally not compatible with different operating systems. Apart from being known for its innovation and design, Samsung is well known for its relatively cheap products. Added to all this is Samsung’s global brand recognition. But apart from its strengths Samsung has some weaknesses also. Firstly, it is not as ahead in terms of software and hardware as Apple. It does not have either its specific operating system or software. It is a very important advantage for Apple and to become the number one in the industry Samsung would need to beat Apple. Apart from it, Samsung is focused on making too many products and its profit margins are also very low. Its competitors like Apple are the largest buyers for its electronic equipment’s…

    • 3440 Words
    • 14 Pages
    Better Essays
  • Best Essays

    HRM587 Course Project

    • 2598 Words
    • 8 Pages

    Samsung Electronics was founded in 1969 in South Korea, it specified in the production line of home appliances and electronics. Samsung started its telecommunication division back in 1977 and created Samsung Mobile Sub Company in 1983. It is now very well-known for its smart phones that compete very well in the mobile market, however the story of change that the organization went through started back in 2009 when Samsung waited till they gathered as much information about operating systems for smart phones and studied very well its competitors. Samsung then launched their own operating system “Bada” which sold millions of smartphones from the very first month, and then they introduced the Galaxy S series of smartphones to the market which runs on Android Operating Systems.…

    • 2598 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Smartphones are commonly used in people of all ages. The iphone 5s and Samsung Galaxy S4 are two very different phones they are both high quality tech phones you can get on today’s market. Samsung and Apple are the two biggest smartphone companies with a combined market share of more than half the global smartphone market. Samsung and Apple did everything to be superior than the other in the marketplace and to get the most profit. The decision in choosing between the two can depend on the display, audio and special features on the phones.…

    • 742 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Samsung is a South Korean company that was founded in 1938 and even though we know them mostly because of their advancements in technology, which is not where they started. During their early days they started in food processing, insurance, textiles, and many other ventures. It wasn’t until the late 1960’s that they finally started to deal with the electronic industry. When you now hear the name “Samsung” you think of electronics. Samsung has their hand in many things when we look at innovation and technology. They are currently involved in computer, smart phones, TV’s, computer chips, and many other new technologies. Over the last several years, Samsung has evolved into one of the top cell phone makers. They have even begun to threaten the top notch cell phone company, Apple. This competition leads us to take a look at the two companies.…

    • 4413 Words
    • 19 Pages
    Better Essays
  • Powerful Essays

    Market Segmentation -Hmv

    • 1861 Words
    • 8 Pages

    Market segmentation is the fundamental component of a market-based strategy. A market segment is a specific group of customers with distinctive customer needs, purchase behaviours and different descriptive characteristics. (Best, 2000) By categorizing markets into sub sectors, targeting marketing effort in such a way as to meet the technical and other requirements of each of these, organisations maybe able to secure greater competitive position than if they attempted to satisfy the general requirements of the market as a whole.…

    • 1861 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    ‘Market segmentation is defined as the subdividing of a market into distinct and increasingly homogeneous subgroups of customers’ (FM-A, 2004, p.93) and ‘it centres on the assumption that customers demonstrate heterogeneity in their product preferences and buying behaviour’. (Green, 1977, Wind, 1978, cited in Dibb, 1998, p. 394).…

    • 3302 Words
    • 14 Pages
    Best Essays
  • Satisfactory Essays

    Market Segmentation

    • 354 Words
    • 2 Pages

    Market segmentation is an essential part in today's business world. It is because not all customers have the same requirement and a market strategy which does not recognize this fact will result business failure. Market segmentation is the process of splitting customers, or potential customers within a market into different groups, or segments, within which customers have the same or similar requirements satisfied by a distinct marketing mix. Nike has been successful in market segmentation for selling their soccer boots, which resulted in a significant market share in that particular product category in recent years.…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Compare Contrast Essay

    • 1187 Words
    • 5 Pages

    A phone isn’t just a phone anymore. There are over 128 million people with smartphones in the US; so you are bound to see one anywhere you go. Technology is changing and advancing so fast that, it seems someone is always releasing the new and most advanced must have item. Two of the most popular smart phones are the Apple iPhone 5 and the Samsung Galaxy III. These smart phones have amazing similarities and abilities but also have stark contrast. These companies are constantly competing for new customers and for that reasons it can be difficult to decide which phone best suits your needs and lifestyle.…

    • 1187 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Galaxy S4 Case Study

    • 311 Words
    • 2 Pages

    Samsung is a South Korean headquartered multinational company whose origins can be traced to 1969. Samsung Group has a diverse business portfolio which covers both consumer and business to business products. Samsung Electronics is its key subsidiary which is the world’s largest manufacturer of smartphones and televisions. The company became the world’s biggest manufacturer of smartphones in 2012 when it outsold Apple in the first quarter of the year selling more than 45 million smartphones. Whilst the company has focused on product innovation as its strategic thrust, it has also has a wide variety of smartphones than Apple. Whilst Apple launches one iPhone model per year, Samsung introduces more than 50 variations of Galaxy smartphones per year which explains its rapid growth in market share in the last three years.…

    • 311 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Market segmentation is one of the central pillars of modern marketing and is found at the very core of the marketing process. Some writers suggest that segmentation is the most important activity within modern marketing. This claim is debatable but what is true is that the general principles and processes of market segmentation are absolutely vital to effective marketing strategies for the vast majority of firms operating in today’s highly competitive economy.…

    • 4588 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Market Segmentation

    • 433 Words
    • 2 Pages

    Market segmentation is the division of the total market into smaller, relatively homogeneous groups. It is necessary to segment or classify the various people or institutions in order to identify those with sufficient purchasing power, authority, and willingness to buy. Because no single marketing mix can satisfy all marketing segments, it is important to establish target markets and apply the appropriate marketing strategies in order to maximize market share.…

    • 433 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Samsung Marketing Plan

    • 635 Words
    • 3 Pages

    Samsung recently launched the latest iteration of its flagship mobile in India, Samsung Galaxy S-4. For the first time Samsung included India in its global launch (for a major product) even before the United States. I remember a time when companies used to launch their flagship product (in India) almost a year after their global launch. Samsung has also stated that it will soon start manufacturing this phone in India. This goes on to show how important Indian market has become for these tech giants. Now let's see what this smartphone has to offer.…

    • 635 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Segmentation "is the process of dividing the market potential in different subsets (niches) of consumers and selecting one or more segments to achieve the goal or target audience." This segmentation strategy is discovered the needs and desires of groups consumers to promote products and services that meet their needs.…

    • 835 Words
    • 4 Pages
    Good Essays

Related Topics