Download - Samsung: Making of Global Brand
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THE MAKING OF A GLOBAL BRAND
Presented by:Cheteze Tamang | Karishma Gautam | Roshani Shrestha | Samek Bajracharya | Tenzing Samdup
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• 1938 – Samsung Corporation exports dried fish, vegetables and fruit to China
• 1948 – Works with flourmills and confectionary machines
• 1953 – Manufactures sugar• 1960 – Diversifies into textile, banking and
insurance markets• 1965 – Enters print media market• 1970 – Samsung Electronics established!!
FISH AND CHIPS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
DIGITAL CAMCORDER
PRODUCTS, PRODUCTS, & PRODUCTS
TVS
MONITORS
LAPTOPS
MOBILE PHONE
DVD PLAYERDVD PLAYER
DVD-R/CD-R
REFRIGERATOR
AIR CONDITIONER
WASHING MACHINE MICROWAVE OVEN
VACUUM CLEANER
LASER PRINTER
TABLET PCS
SMART CARDS
HDDS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Regarded as an original equipment manufacturer• Poor brand image in global market• High defect rate• Associated with poor quality
PROBLEMS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Quality– From quantity to quality– Assembly manufacturing– Quality standards (six sigma)
• Globalization– Bring down cost– Tap markets efficiently– Employ best talents
• Integrated marketing
IDENTIFYING KEY FOCUS AREAS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• World leader in around 17 product categories• Launched technologically superior products• Higher profits (2.2 billion in 2001)• 34th in Interbrand’s list of top 100 brands
ACHIEVEMENTS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Samsung believes in innovation so it restructured its processes
• Came up with new logo and designs
MAKING OF A GLOBAL BRAND
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
Perception of consumersOptional Brand
NEED FOR A GLOBAL BRAND
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Focus on product design and launch innovative products
• Move away from cheap imitated products• Initiate marketing activities worldwide to increase
brand visibility • Integrate all design activities under four design
groups
INITIATIVES FOR GLOBAL BRANDING
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
Samsung won IDEA award for NET board computer, weeble phone and junior TV
Lifestyle Segmenting Strategy helped Samsung become a global brand
RESULTS OF THE INITIATIVES
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• New product portfolio• Changed the focus from lower end to higher end• Global brand visibility• Partnership and alliances – CompUSA and Sears ,
Roebuck &Co• Television, radio commercial and outdoor
advertisements• Improved communication, relationship with
distributors
DEVELOPMENT STRATEGIES
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Marketing alliance with AOL (Time Warner Group)• Undertook 2 month corporate campaign to build
brand image in India• Global marketing, 1991, launched first corporate
advertising campaign –Nobel prize series• Decentralized to centralized marketing strategy• Transform of strategy – change in logo and slogan
DEVELOPMENT STRATEGIES (CONTD.)
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• WOW marketing campaign – consumer awareness increase to 83.7 % in 2000 and 91.2% in 2001. Brand awareness from 51.4% to 74.1
• April 2002 – internet banking – high profile customers
• New global campaigns launched ; different tag lines – DigitAll Passion, DigitALL Escape and DigitAll Wow.
DEVELOPMENT STRATEGIES (CONTD.)
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Increasing brand recognition and recall• Centralized marketing and umbrella branding
strategy• Product improvement• Customization
• Lifestyle segmentation
THE BEST STRATEGY FOR SUCCESS
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Still technology and feature driven• Principle: ‘Balance of Reason and Revolution’• Reasons for the success of lifestyle segmentation
ANALYZING THE COMMUNICATION APPROACH
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SAMSUNG: THE MAKING OF A GLOBAL BRAND
• Obtaining the Holy Grail of marketing• Moving towards a more customer centered
approach • Taking the leap of faith• From satisfaction and solution to lifestyle
THE WAY FORWARD
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