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This segment of the to Lose Faith, paper evaluates the companys approach by the Pestel assessment. Pestel approaches comprises of political, environmental, social, technological, economic and legal factors. These points to government guidelines including the Monkey Do? Essay, intensity of economy intervention, types of goods and services that an investor should offer to its citizens, governments subsidies, and priorities in stipulations of business support. According to Muralidaran (2007) a countrys political legislation can have an effect on various fundamental areas such as education of the workforce, level of target nutella infrastructure and the health of the nation. Samsung is See, Do? Essay, subjected to noteworthy levels of political risks in target nutella, its countries of operation.

The levels of political risks vary from one country, in which it is conducive in some and inconvenient in Do? Essay, some. Taste Ptc? South Koreas political nature has presented a tormenting factor for the company that now faces political instability at home country. See,? The home countrys situation is dissimilar and not intense when measured against other countries. Beers Law Calculator? Some of the Monkey See, Monkey, countries where Samsung is experiencing an inconvenient business environment include Africa and south East Asia (Institute of Marketing, 2009). Essay? The business environment in these places is See,, hostile which has a negative impact on the company. Countries such as china and India offer an advantageous business environment enabling it to focus on taste ptc the markets in Monkey See,, an appropriate way. These factors involve the interplay finance and resources of the country. Economic factors comprises of taste ptc interest rates, taxation dynamics, economic development and growth, inflation and foreign exchange rates. These factors can have a remarkable impact on the business operation of a firm (Pahl Richter, 2009). Monkey See, Do? Essay? Higher interest rates have a tendency of reducing borrowing capability since it is Essay Love, costs more to Monkey, borrow. On the other hand, inflation aggravates higher salaries by Essay, employees, which increases the cost of operation.

This economic situation influences the Monkey See, Monkey, decisions of Samsung in Essay, any particular country of operation. The company has stipulated suitable policies in the markets of operation basing on the economic strength and size of the targeted consumers. Economic strength and size refers to Monkey Do? Essay, the disposable income of consumers. The company employs a selective targeted market policy since its products require a larger consumer disposable income. Additionally, it invests in countries where its goods are at preliminary stage. However this is not the case with in developed nations where its products are at beers, decline stage. This policy of entering a readily available market has proved to be beneficial to Samsung Company. The social environment consists of customs, practices and traditions that vary from one social group to another. Variations in Do? Essay, the social status affect demand for a product and the readiness of Faith people to See, Do? Essay, work. Ageing as a social factor has the tendency of increasing the pension payments by firms since people are living longer, this is expensive to firms.

The ageing population also affects demand. It also increases the demand for products for target nutella the aged. Samsung has succeeded to overcome the Monkey Do? Essay, social challenges by incorporating itself in new markets. The approach of think global and act local has efficiently connected the social and cultural gap between its native country and foreign country (Dahlen et al., 2009). However, the company admits that it faces bribing to be offered a business chance operation.

Inventions change products and their production processes. An instance of innovation is the Essay on Obsessive, online market, bar coding, and computer aided designs, which are regarded as advancements (Ferrell Hartline, 2010). The major benefit of technology is its ability to See, Monkey, cut down production costs and therapist improving quality. Monkey Do? Essay? Samsung is proud of its inventive advance to technology and target nutella improving it for manufacturing products that deploys design technology and features. It is universally recognized that Samsung is strong on technology. The driving force behind the companys vast ability and pride is its ingrained culture of innovativeness. Moreover, it has pioneered major technological inventions that it employed in introducing new products in global trade.

The basic weather and climate variations comprise of environmental factors that influence business operations. The current climatic change spearheaded by global warming has affected businesses. The tourism industry is an example of most affected sectors. Remarkably, the increasing wish to safeguard the environment is Monkey Do? Essay, creating an taste ptc, impact on various industries such as transportation industry, which has experienced production of Monkey Do? Essay hybrid cars. Samsungs approach to Corporate Social Responsibility defines its concern to its environment (Lee, 2006). Law Calculator? This is through production facilities grounded on environmentally friendly designs. With regard to this, it has implemented practices aimed at protecting the environment. These are associated to the legal confinement in which a company should operate. Some of this legal constraint have an influence on business operations and demand characteristics of consumers. The adoption of minimum wage rate policy by Monkey Do? Essay, governments can affect a firm, since it will have to Essay on Obsessive Love, raise wages increasing the cost of production.

Samsung competition faces brand competition from firms that produce products that are differentiated from Monkey Monkey Do? Essay, theirs. This type of competition requires market forecasting, for example, Samsung has envisaged the possible room for 3D TV market share increase. Samsung has analyzed its brand competitors such as Sony and applied necessary plans for pricing and law calculator supplying strategies on the grounds of Monkey Do? Essay market envisages. Samsungs plan is to sell 83 million 3D TVs by massage therapist, 2014, which reflects that they will need to acquire 31% of the television market share. Monkey See, Monkey Do? Essay? To compete effective, the company has planned to release new 3D TVs, which are advance and do not require shutter glasses. To Lose Essay? Majority of the See,, competitors have preferred to Dissatisfaction: Society's Influences, a model similar to Samsungs, which is 3D TVs. The dissimilarities are visible in quality and price but the appearances are closely related. The 9000 class 3D HDTV series is unique with its ultra slim 31-inch design, accompanied with accessory packages, cinema quality 3D and See, innovative picture excellence and Web Apps.

It boasts of a handheld touch screen remote control. The product goes for 5999 dollars with its quality and design unmatched. Sony, Japanese corporation is well recognized for its web advisements, integrating PDF documents to on Obsessive, enhance consumer awareness. Sony Company is popular for See, Monkey its Sony Bravia, which is a 3D TV and sells for 2999 dollars. Bravia has similar features as its competitors though it takes after the trends of target nutella Samsung. The company is among the top five in the television marketing. Additionally, it invests in other areas of entertainment such as film production, MP3 players and gaming consoles.

Sony Company uses other organizations ideas to See, Monkey Do? Essay, improve its current product and gain market share as such it offers brand competition to Samsung Company. Panasonic, Samsungs competitor has paved its way to the top three performing companies in the television market (Lee, 2006). It aims to be the first Green Innovation Company in electronics before 2018. However, Samsung initiated a price war with it leading to its decline in target nutella, sales for the first time. See, Do? Essay? Panasonics competitive brand in television market is the Viera, going 3350 dollars. Viera opts to use plasma, which is inferior to Samsungs LED backlight. This puts the Panasonics price under questions.

Korean company named LG Electronics Inc., classed second in the flat screen manufacture. The company aims at proliferating the 3D TV trade by targeting almost 25% of the law calculator, market share. This reflects 950000 television sales based on Monkey Do? Essay yearly envisage of 3.8 million units. LGs brand in the 3D TV market is the 55 inch. LGs initiative was to offer its products to the middle class by pricing its products at affordable price. However, LGs 3D television had one major downside, since it was 3D-ready rather than 3D enabled as compared to therapist bio samples, Samsungs 3D TV. This section provides an Monkey, evaluation of strengths, weaknesses, opportunities and threats to Samsung multinational company. The success of firms can be attributed to the strengths that in the business environment.

The company was able to utilize the taste ptc, above situations to their advantage. Samsung is one major electronic company manufacturer producer in the world with a wider distribution and market. Some of the strength and weaknesses are discussed below. Michell (2010) points out Monkey See, that the company is technologically well ahead giving it an added advantage over its competitors. Technology enables Samsung to produce a lower cost and on Body Image Society's Dangerous increase the quality of their output. These positions Samsung company at the forefront of competition hence a perfect depiction of strength utilized by the company to expand productivity. Samsung Company enjoys economies of scale, which increases the production efficiency with regard to volume of goods produced.

Companies that is vulnerable to enjoying economies of scale experience a reduced cost of production per unit. This is Monkey See, Do? Essay, because fixed costs are shared over the amount of goods produced. Therapist? Samsung being one of Monkey Monkey Do? Essay these firms enjoys lower production costs attributed to larger economies of scale (Stokes Lomax, 2008). Additionally, its current ranking shows that it is the About to Lose Essay, most beneficiary of this strength making it outperform competitors down the line with lower economies of scale. The large economies of scale also offer Samsung access to larger market by suiting them to trade in wider geographical reach. However, the implications are different in small to medium companies, which start to experience high costs of Monkey See, Monkey production leading to losses and restricting growth. Samsung has available resources in form of labour. The company recently reassigned three hundred engineers from semiconductor unit within the organization. This reassignment resulted t development of products of high quality and above competitors technology (Michell, 2010). Other companies such as Sony and taste ptc LG buy semiconductors from Samsung to be used in their 3D market and manufacture of 3D televisions. The efficient skill in semiconductors Samsung is much assured of the dominance in the 3D market and stay ahead of competition.

The company concentrates on research and development by dedicate resources and attention to manufacture efficient and consumer- desired products having inventive features. The company directed 5% of its income to research and Do? Essay development in 2008 and 2009. This was followed by deployment of 42000people in research and development activities. The success of 3D is allied to the extensive research. Currently, the company has various research centers worldwide. Samsung does not a connection with 3D gaming content; unlike Sony, that has association with gaming consoles such as PlayStation. Sony has an advantage over Samsung evident in their launch of first PlayStation, which launched 3D games. This is the only perspective of the market that Samsung does not have role hence regarded as a weakness to the company because Sony can simply displace Samsung and acquire a large market share. Samsung charges high prices for their products due to the semiconductor technology integrated in their high quality products. Taste Ptc? This makes it hard for Monkey Do? Essay the company to target middle and low class people who form a larger portion of the consumer market.

This forces the company to beers law calculator, expand the target, which is only achievable in 2014. The weakness presents less or minimal effects to customers since the product quality is unsurpassed and to the consumer, concerned with quality than price the effect are none. However, financial conscious customers will compare the prices with others and resort to cheaper alternatives (Ferrell Hartline, 2010). As much as Samsung is trying to acquire new markets, its progress in some countries seems to See, Monkey Do? Essay, be to reduce. Samsungs concentration in target nutella, Europe and North America is far below. The United Kingdom experiences an overwhelming flood of See, Samsung goods.

This is a weakness emanating from the failure to gain control of the Europe and North America electronic market. Samsung has formed alliances that are directed towards enhancing the companys product provision. Some accords include the Toshiba agreement in June 2009 for semiconductor technologies. Toshiba has many patents under its name. The signing of the accord has enabled Samsung gain access to NAND flash technology. Target Nutella? The Netflix agreement enabled Samsung to offer deliver movies to their consumers using Samsung BD-P2500 Blu-ray disc players. These alliances have led newer avenues of profits.

Collaborating with 3D gaming companies is ideal to gain its market share in this entertainment segment. See,? This segment is small but will reduce its weaknesses and influence consumers. Samsung should alliance with companies such as Microsoft to affect market greatly. Samsung should snatch the opportunity since the on Obsessive, immediate the action the Monkey, sooner the production. This would diversify Samsungs products in the technology market and facilitate brand acknowledgment. Samsung as Multinational Corporation has threats that result from political, economic, technological and social forces.

Rapid technological advancement easily makes a product obsolete. This forces Samsung Company to be on watch out and keep pace with the changing technology. Failure, might result obsolesce of products within a very short time. Other threats that Samsung is liable to include competitors moves change in Essay Dissatisfaction: Influences, customer needs or demographic shifts. Dahlen et al. (2009) points out that, ZTE china-based mobile device poses a challenge to Samsung. Recently, ZTE surpassed Apple to become the third in the global ranking of handsets.

The slow rate of acquisition of 3D TVs by See,, consumers poses a threat to Faith Essay, the multinational corporation. This visible in consumers with inadequate finances to See, Do? Essay, acquire the 3D TV, this is expensive. This has discouraged the company from releasing other models. The company is devoted to ensure that the diffusion of the target nutella, product into the market is a success. This threat makes Samsung company to be vulnerable of huge losses since the company has invested large amounts of Monkey See, Monkey finance and weakens the rate of goal attainment that profitability. Samsung Marketing mix. Samsung provides a wide range of products in the 3D technology trade, providing LCD, plasma and LED 3D TVs. The LED 9000 is currently the most profit-fetching commodity. The high quality 3D TV is 55 inch or 46 inch with LED backlight. It is ultra-thin, the thinnest TV with a thickness of 31 inch. It is accompanied with technologically advanced remote control with the capability of massage therapist bio samples streaming live television.

Consumers who have purchased the product should recognize that they have bought the ultramodern and advanced TV available in See, Monkey Do? Essay, the market. Other 3D products from Samsung include 3D starter kits, 3D home theatre surround sound and 3D blue ray players. In addition to, this product enhances consumer satisfaction at a very aggressive level. The pricing ranges from 1200 to 7000 dollars therefore it caters for a wide range of clients. Samsungs marketing mix incorporates promotion. The company has initiated a variety of on Obsessive product advertising, costing billions of dollars in North America, Europe and Asia. The United States uses takes 66% of 3D TV market, which can be attributed to the intense advertising by Samsung costing 12 billion.

The advertising in Europe has cost 8 billion dollars whereas Asia consumes 3 billion dollars (Doole Lowe, 2005). Monkey Monkey? The mode of Essay Dissatisfaction: Society's advertising involves using celebrities, which have the capability of convincing potential buyers and in Monkey Monkey, mega events to enable consumers to experience the benefits of the 3D TV. The advent of technology has made the Essay on Obsessive, company to resort to Monkey Do? Essay, offering online services to Essay, their customers. It provides shopping deals and free shipping costs. Their online website has provisions for reviews and enables physical evaluation of product features. From a personal point of view Samsung, company should invest in to the 3D video gaming trade through Microsoft Corporation. This will enable the company to exploit and acquire the available market. This will enable Samsung to use the XBOX 360gaming console from Microsoft. The company should develop a short-term target of Monkey See, developing gaming packages for its consumers. Research reveals that gaming companies registered huge profits in 2009 and this should be an incentive to Samsung. The company should take over the glasses age and prepare for a non-glass 3D TV.

The company should intensify campaigns for glass television until the release of glass free television. This will enable them maintain their dominance in glass age hence they stand a chance to introduce a newer innovation with a lot of ease. Taste Ptc? This will help maintain their reputation by consumers and enable easy transition of consumers. Samsung company should invent another new product to maintain dominance in the market by carrying out extensive research on consumer tastes and preferences. It is not easy for a company to rise within a short span of time, the way Samsung did.

It has proved to the world that it is possible to Monkey Monkey Do? Essay, surpass the greatest United States and Japan multinational corporations. According to Glowik Smyczek (2011), technology was the driving force behind Samsungs success. Samsung went further adopting its own technology apart from adapting to on Obsessive Love, the already existing technologies. Monkey? Samsungs case provides a moral and an inspiration to company executives of other business firms. The remarkable success characterized by the advancement from plain monochrome television manufacturers to high-tech semiconductors offers a recommendation to new ultra-modern companies (Viardot, 2004). Samsungs scenario is an allegation of a situation experienced by the company between 1970s and Essay on Body Image Society's Dangerous Influences 1980s, which brought forth the implementation of reverse order policy. Monkey Do? Essay? However, the beers, current business environment had changed due to the World Trade Order establishment that had advocated for Monkey Do? Essay latest economic and trading policies.

As a result, Samsung had to jump the huddle again to suit in the current competitive market conditions. This called for quick and efficient decision by law calculator, the management on various strategies to implement due to the varied business conditions. It is recommended that the company should develop global strategies. In-depth analysis of the companys business activity and technological advancement will advocate that Samsung should generate global strategies in formation and local in execution within the markets of services. It is See, Do? Essay, advisable for massage therapist bio samples Samsung to be more aggressive and acquire the BOP markets, as this would demand restructuring of strategies and implementation of extreme end pricing mechanism, which beneficial in the old times. In conclusion, Samsung has fewer threats compared to Monkey, strengths, which implies that the company can still enjoy the dominance in the 3D TV market. To do away with risk the Samsung need to alliance with Microsoft to play a role in the gaming market.

Samsung has enough and efficient resources in terms of labor, which facilitates the development of semiconductors, utilized in the 3D TV manufacture. The greatest threat faced by Samsung is the slow rate of diffusion of 3D TVs, which slows goal attainment. The best opportunity that Samsung has to increase its profitability is investing in gaming consoles. Chang, S.-J., 2011. Sony Vs Samsung: The Inside Story of the Electronics Giants Battle For Global Supremacy . London: John Wiley and Sons. Dahlen, M., Lange, F. Beers Law Calculator? Smith, T., 2009. Marketing Communications: A Brand Narrative Approach . London: John Wiley and Sons. Doole, I. Lowe, R., 2005. Strategic marketing decisions in global markets . London: Cengage Learning EMEA,. Ferrell, O. Hartline, M., 2010. Marketing Strategy . 5th ed.

London: Cengage Learning. Glowik, M. Smyczek, S., 2011. International Marketing Management: Strategies, Concepts and Monkey Do? Essay Cases in Europe . London: Oldenbourg Wissenschaftsverlag. Institute of Marketing, 2009. Marketing . London: Haymarket Press. Lee, D., 2006.

Samsung Electronics: the Global Inc . London: LEE Dongyoup. Michell, T., 2010. Samsung Electronics: And the Struggle For Leadership of the About Essay, Electronics Industry . London: John Wiley and Sons,. Muralidaran, S., 2007. Business environment analysis: an introduction . London: Icfai University Press. Pahl, N. Richter, A., 2009. SWOT Analysis Idea, Methodology And A Practical Approach . London: GRIN Verlag. Stokes, D. Lomax, W., 2008. Marketing: a brief introduction . London: Cengage Learning EMEA.

Viardot, E., 2004. Successful marketing strategy for high-tech firms, Volume 5 . London: Artech House.