samsung as an electronic retailer,
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Critical analysis on Samsung electronics as an electronics retailer and how e-business has influence on electronics retail market.TRANSCRIPT
Critical analysis on Samsung electronics as an electronics retailer and how e-business has influence on electronics retail market.
A Report on Electronics Retail Industry
Company Name: Samsung Electronics
Submitted by:
1. B00646407
2. B00646560
3. B00647097
4. B00648963
5. B00649088
Submission Due Date: 25th June 2013
E-BUSINESS
MSc in International Business
University of Ulster London Campus
Executive Summary:
The purpose of this report is to find out how e-business has changed the nature of
electronics retail market. This report provides an analysis and evaluation of the
current and prospective competitors of electronics retail market. This report will also
provide depth knowledge about Samsung electronics business strategy and how e-
business has played an important role for Samsung electronics.
In this report secondary date has been used to find out how the electronics market is
going on and who the main competitors are. The report shows that Samsung, Apple,
Sony, HTC and HP are dominating the electronics retail market. On other hand
because of e-business ebay and amazon become a real threat for the electronics
retailers.
This report shows that Samsung electronics has very big market for its products as
well as Samsung may have to face huge challenge from its competitors. E-business
has lifted the global boundary and made the market open for everyone. In every
moment there is a threat of new entrance into the market.
Samsung has very strong and well business strategy but they were involved in some
unethical activities, such as copied the patent from its competitor, child labour and
large expenses. Strong management and more training can help to overcome these
problems. Samsung may launch some physical store in some important cities for
those customers are unable or do not like online shopping and as well as gain more
market share.
Acknowledgement
It is really difficult to complete a report without help of anyone. We would like to
extend our sincere thanks to all of them. First of all we would like to thank Ulster
University, London Campus for their guidance and opportunity given to our group
and all kind of support has been provided.
We are very thankful to Dr. Bobbi Sharma, our course teacher, without her help and
guidance we might not finish our task on time. We found her on our side in every
single moment.
We are heartily thankful to our colleagues in developing the report and people who
have willingly helped us out with their abilities. Without their encouragement and
understanding it would have been impossible for us to finish this work.
Table of Content
Page
1. Introduction…………………………………………………………………01
1.1 About Samsung………………………………………………….01
2. How e-business technologies have altered
the nature of competition within electronic industry…………….02
2.1 Rivalry among existing competitors…………………………...02
2.2 Bargaining Power of Suppliers………………………………...02
2.3 Threat of new entrants………………………………………….03
2.4 Bargaining Power of buyers……………………………………04
2.5 Threat of substitute products…………………………………..04
3. Opportunities and threats to the Samsung electronics………………...06
4. Samsung Electronics key business process and
service level for its customer……………………………………...10
4.1 Business Process………………………………………………..10
4.2 Research and Development…………………………………….10
4.3 Out Sourcing……………………………………………………...11
4.4 Supply Chain Management……………………………………...12
5. Samsung’s Customer Service level…………………………….………....13
6. Findings………………………………………………………………………16
7. Conclusion…………………………………………………………………...17
8. Bibliography………………………………………………………………….18
9. References…………………………………………………………............19
1. Introduction: This report will provide readers with an understanding of
Electronic Retail industry and its importance. This report will assist the
learners to acquire clear knowledge about Samsung as an electronics retailer.
Learners will be able to know how Samsung works as an Electronic retailer,
its competitors and how Samsung employed technologies into the business.
This report will also provide what are the opportunities Samsung has and
what are the potential threats Samsung may faced.
1.1 About Samsung: On March 1, 1938, founding chairman Byung-Chull Lee
started a business in Taegu, Korea, with 30,000 won (about Samsung). Many people
may think that Samsung is just a mobile phone manufacturer due to its very famous
Samsung Galaxy S series smart phones. ``Over 70 years, Samsung has been
dedicated to making a better world through diverse businesses that today span
advanced technology, semiconductors, skyscraper and plant construction,
petrochemicals, fashion, medicine, finance, hotels and more. Our flagship company,
Samsung Electronics, leads the global market in high-tech electronics manufacturing
and digital media`` (Samsung, 2013).
2. How e-business technologies have altered the nature of competition within
electrical retail industry.
Porter’s Five Forces is a very useful tool that analyses competition in the industry. In
this section we will see how e-business technologies have altered the nature of
electronic retail market.
E-business is “transforming the rules of competition for established businesses in
unprecedented ways” (Amit and Zott, 2001:494). However (Coltman, 2001:75)
argues that “basic rules” of competition are not going to change despite significant
effect of e-business on companies in industry; businesses are implementing e-
business technologies gradually to improve their existing processes’’.
2.1Rivalry among existing competitors:
Rivalry is intense, almost all companies offer similar services. Absence of
geographical boundaries created good opportunities for some companies, for others
it is a problem due to delivery issues. Affiliations done online made powerful
companies even stronger, for example E-bay and Amazon. Customers’ switching
costs are low and other products are easily obtainable. However, prices do not
necessarily go down; if overall value proposition is high as well. Overall, customers
seem to be better off, because they can compare different options and choose the
best option for them.
2.2Bargaining Power of Suppliers:
Suppliers may have power in a sense that they can reach many buyers easily
through the internet; and the opposite is true for buyers. Communication between
buyers and sellers is enhanced, they can make better deals. (Dedrick & Kraemer,
2005). This resulted in eliminating of intermediaries. For example, many suppliers
sell products directly to consumers, such as Dell computers. Samsung itself act as
strong suppliers on electronics market. Samsung selling electronics chips, LCDs and
other accessorise to its competitors like Sony, Apple and HP (CNBC, 2013).
However, e-business has not changed the old rules of competition and larger
companies still dictate their conditions to their suppliers (Coltman, 2001).
On the other hand internet may reduce supplier power through better
integration with suppliers and coordination, monitoring internal and external
activities in the organisation (Christensen & Methlie 2003:31).
2.3Threat of new entrants
Threat of new entrants is likely to be high, technology can be easily replicated. Entry
barriers are reduced significantly as a result of technological developments (Carr,
2003). IT eliminated geographical boundaries; competition has become global
(Porter, 2001). Advantages encourage other small companies and therefore increase
competition even more. “Reach and richness” of information resulted in copying
others achievements easily. On the other hand there is a high risk involved in this
process. Copyright, data protection, patents are used by companies to protect their
intellectual property; however, it doesn’t stop other electronic companies to follow
leaders in the market. For example, Even Samsung copied Apple’s patent and they
have been penalised. By affiliation of two or more companies become a company
can be another form on new entrance.
2.4Bargaining Power of buyers
Buyers’ power seems to be high as they face low switching costs. Buyers of
electronics products are not only individuals, but also businesses, e.g. Japan's Sony
was its biggest buyer, followed by Apple and Dell of the United States and HP, Sony
bought 1.28 trillion won ($1 billion) worth of components from its biggest Korean rival
Samsung (Yoo-Chul, 2010). Customers can compare the prices, product features
and choose the perceived better option for them. However, according to Information
Week magazine most of the consumers go online only to obtain information; they
prefer purchasing electronics such as DVD players, TVs, digital cameras offline
(informationweek, 2013). The reason for that could be the complexity of the
products nature or statutory rights. Customers need to see product physically, as
web images could be misleading (Kaplan & Garicano, 2000). To reduce the buyer
power companies concentrate on increasing trust and loyalty through building strong
brand image and differentiation. Coltman et al (2001) suggest that strong brand
image assists customer in making decisions to purchase a product or service offline
or online (Coltman, 2001: 64).
2.5Threat of substitutes
Companies offer diversified product range and complementary products as well as
information about these products and support in dealing with different issues. For
example, companies like Samsung Electronics and Apple provide users with free
manuals and software, online help with videos and product repairing services. In
contrast, with increasing the widespread use of PCs and the Internet all above
mentioned services become available to all competitors in the market. Hence, the
traditional off-line shops are substitutes. Physical inspection is often preferable for
the customers. E-business has put companies under tremendous pressure, as small
and medium enterprises became equal rivals to big multinational companies.
Decreased barriers to entry and affordability of modern technology have resulted in
fierce competition. Consequences are that any new technology can be easily copied
by competitors, product life cycle becomes shorter and there is constant need for
innovation. It becomes very difficult to retain customers. However, consumers seem
to be better off, they can compare the different brands and options and choose the
best.
3. Opportunities and threats posed by the internet to the Samsung Electronics.
In this section readers will have better understanding about Samsung electronics’
opportunities and possible threats posed by internet.
Samsung’s opportunities & threats
OPPORTUNITIES THREATS
Richness of
information
Catalogue of photo and well
organized. e.g. www.samsung.com
Apple website has a lot of video
to increase the visibility, e.g.
www.apple.com
Critical analysis
Anyone can access Samsung’s website anytime anywhere. So, the
information has become global and easier to obtain. In fact, this leads
to increase the customers and order more than physical retail. (Kaplan
& Garicano, 2000). In addition, this increase the ability to offer
diversified product range and provides users with free manuals and
software for their products.
However, The competitors also (like Apple) have the same availability
and chance to increase its customer. It totally tries to take a lot of
interest from stockholder and market share. The customer can access
many competitors and information at the same time. Furthermore, they
can compare prices & quality and choose the best option.
Supplies
Samsung Electronics Selected Best
Supplier by Compaq.
(Samsungglobal, 2013)
Compaq Manufacturing
Company is also supplier for
Apple. (Supplier, 2013)
Critical analysis
The availability of suppliers has become easier. There are many of
them and have also competition in between. Therefore, Samsung can
find good quality & low price. It means more profit.
On the other hand, The competitors have the same chance to access
the same suppliers. So, we go towards commodity more than branded.
Disintermediati
on
Customers could find any product
and buy it from physical store.
There is no online order and
paying.
Critical analysis
Internet has changed distribution methods. Many buyers and sellers
have the opportunity to connect with each other without middle person.
Samsung can target its customer directly. It is too useful for
consideration customer’s preferences and feedback (Amit and Zott,
2001).
Otherwise, Samsung has to depend on its knowledge and customer’s
feedback because of disintermediation. There is no middleman helps it.
As a result, the lack of any information may be led to switch customer to
another competitor.
Customer
services
Uses of social media, like Facebook. There is no human effect &
relation.
Critical analysis
Customer service is the most important and difficult one because of
absent of human. Thus, it may replace by social network and chat.
Furthermore, it will reach to high productivity and improved decision-
making.
Instead of, bad customer services will let the competitor exploits
inefficient service to its welfare.
Transformation
Email is more cheaper than Mobile or
physical transformation
It may be cause stress and
customers could delete emails
without reading them.
Critical analysis Reduce storage costs & communication costs between supply-chain
players, headquarters and retail outlets. Substantially, E-business is
reducing transaction costs (buying – delivery – refund).
On the contrary, Cost burden comes from increased government
regulations. It is about 150 new rules annually. Each of these rules cost
retailers about $100 million to implement.( Paper, 2012)
Green
competitive
Samsung wins the 2012 Green IT
Best Practice Award (Inthenews,
2013)
.
Reduce energy consumption in
Samsung products by 40%.
(Guidetogreen, 2013)
Critical analysisCustomers are aware of responsibilities towards environment and
expect retail more green efficiencies.
Productivity
Enhancement
Global Competitiveness to improve
quality
Apple became the first
technology company to join the
Fair Labor Association to
collaborate with experts to
enhance the productivity.
(Apple, 2013)
Critical analysis
Retailers increase productivity by allowing quick access to information
supported and promotions. They help employees to find products and
efficiently manage stock. This also helps customers to be attracted and
receive efficient customer services.
Unlike, Low productivity leads to low customer services, high cost and
low profit.
4. Samsung electronics key business process and service level for its
customer:
This section will assist the learners to acquire knowledge about business process
and customer service level of Samsung electronics.
4.1 Business Processes:
A business process is a collection of linked tasks which find their end in the delivery
of a service or product to a client. A business process has also been defined as a
set of activities and tasks that, once completed, will accomplish an organizational
goal (apian, 2013).
4.2 Research & Development:
As a hi-tech organization Samsung always emphasises on innovation. Their
chairman said in his historic Frankfurt deceleration “Change everything but your wife
and children”. No wonder Samsung operate 150 R&D centres in the world. It
understands that market is fast changing and speed is essential for competitive
advantage. That’s why Samsung has 42000 staff working on different 42 research
facilities around the world. They also invest 6.2% of their sales revenue in R&D
operations (sustainability report 2012:52). And that’s why Samsung can quickly take
its product to new level e.g. Samsung Galaxy Ace to S4 or Led TV to smart TV.
Sometimes companies take advantage of technologies unethically (Loveridge,
2013). Taiwanese brand HTC has criticised Samsung for paying Taiwanese student
to write negative online reviews about its flagship HTC ONE and thinking to take
legal action against Samsung.
4.3 Outsourcing:
Samsung outsources its work in various counties. Recently in 2012 they decide to
outsource their laptop manufacture to Taiwan (Hazarika, 2012). They also use china
India and Indonesia as their source to make semi conductors for their product. Using
e-business technology made the whole process easy and in some cases possible.
Now they can communicate, make order or check the quality of the product within
very short time. It also gives them a secure channel (e.g. encrypted e-mail) to
discuss about new invention or secret decision. On the top of that as Samsung’s
main area of work is technology it gives them an extra benefit. Samsung is now
operating all over the world having approximately 190,000 employees in 61 countries
(Samsung Electronics (sustainability report, 2012:58). E-business technologies
enable the business to outsource its job to the outer world. But in some cases they
lose control over the companies that is carrying out there job. Last year Samsung
was fined because one of its suppliers in china using their workers unfairly, forcing
them to work overtime and giving only one day off in a month (Kim, 2012). In other
case, Samsung was accused of using tin from Indonesia’s controversial tin mine
where they use child labour and about 150 labour died in one year (Hodal, 2013).
May be Samsung is not doing it on purpose but because of e-business it went so
vast that sometimes its bit hard to keep track on them.
4.4 Supply Chain Management:
Samsung keep its suppliers trained and strengthen them so they become one of the
true global leaders. Samsung get its component from all over the world. It became
possible for their efficient way of maintaining supply chain. But this also needs to
mention that still Samsung get 80% of its components from their in house supplier
(Apics, 2013). But the way it is growing Samsung now has to rely on other
companies. Such as, Iljin Display sales 95% of its production, which is display
screen, to Samsung and Parton does the antenna and camera modules (Mundy &
Jung, 2013). Samsung is using Sharp as their high resolution LCD screen supplier
for Galaxy products. They also bought 3% of Sharp’s share in the beginning of 2013.
Samsung also using Toshiba corp. for NAND chips and Sony corp. for image censor
(Reuters, 2013). The e-business technology is giving the opportunity to the
organizations to go global and create affiliation with other companies beyond
geographical borders. However, this huge demand of components is creating some
intense competition between two giant companies such as Apple and Samsung
(Perlah, 2013). They are already in a state of battle regarding suppliers (Reuters,
2013). It may also give the suppliers a better bargain power which might not be a
suitable position for the organizations.
5. Samsung’s Customer Service Level
Customer service means the services that a customer received during purchasing or
after using an item (Turban, 2002) and its’ level is a “measures the performance of a
system” that is divided to below six levels; (Kaufman, 2011)
1-Criminal, is a very poor level, customer getting angry don’t coming back and even
to complain.
2-Basic, is level is disappointed the customer and telling other as well.
3-Expected, it’s an average level and if don’t promoted customer will not turn
backed.
4-Desired, is a satisfactory level which is made customer motivated to come back.
5-Surprising, is a high level of service and sometimes is together with gift as well
that motivated customer to come again and again.
6-Unbelievable, is a unique level service which is given unforgettable impression to
customer and to tell other as well.
Thus, the sales rate in Samsung is going up day by day so, its customer service
level is could be measured in unbelievable level (Sustainability report, 2012:70)
Samsung as a global leader in electronic industry, for obvious reasons, consider
customer service its main priority. By using e-business technology Samsung can
reach almost every corner of the world. Hence, Samsung has been focused by
practice different strategies to meet the maxims choices and needs of them and
incorporated their needs in produced difference designed of technology at the end to
obtained better profit and satisfaction of customer and in spite of that has bitten back
its competitors in the global market.
Samsung’s dedicated management is willing to meet customer’s needs and
challenges and act them immediately. Samsung also focused on their customers
retention based of approaching quick and exact solution and attention to customer
that made enable the company to be more success and met the market changes on
time. (Customer, 2012) therefore, Samsung has been trying of accepting changes
and innovation, it’s new management the staff and product quality up graded,
improved its customer service in favour of society well- being and in record of
profitability has more focused on financial value rather than gross market share.
Through quality accountability and prompt handling of customer demands, we will
cultivate lifelong customer loyalty.’ Practiced well so far by Samsung and opened the
“Quality Experience Centre “in 2009 the employee could take noted at first hand
customer complaints and strengthen mentality of customer about received quantity
product by employee.“We carry out our vision with an innovative spirit and by
challenging ourselves “Samsung vision is “Perfection in Quality beyond your and
beside of that Samsung has created an inclusive solution system that gathering
received all information technology to provide faster response times, satisfied
customer and reduce human error with improved back-office workflows that enable
employees to concentrate on given that high quality service to customers (Paper,
2011:8).
Samsung has created a VOC (Voice of Customer) to receive and gathered all
customers and companies received feedbacks in 2010 in proper way and extended
this service more. They have planned to reach all problems and by different type of
communication way either by email or phone” and solve their problems
(Sustainability Report, 2012:67) In-spite of that to Samsung started on a customer
service satisfaction section to improve universal customer needs and satisfaction
(richness) and collected data shown a positive response in quick and on time after
service management and supply accessories (Special Report, 2003)
Samsung has planned to open 1400 intermediary retail shop as in Best buys around
America and this may open 900 shops of all entire project be accomplished by this
June 2013 in every 10 miles shops (Samsung UK news, 2011).
6. Findings:
1. Click and brick: Technology has given a big favour to online based
electronics retailers but still they cannot think about to go fully online based.
Samsung and others electronics retailers those are selling through online they
are selling their product through others physical stores by affiliation.
2. Suppliers’ power: Electronics retailer Samsung is one of the largest
suppliers of electronics goods as well and its biggest customers are its all
potential competitors, like Apple, Sony and HP.
3. Oligopoly market: Global electronics market has been dominating by few
retailers such as Apple, Samsung, Sony, HTC & HP etc. while there are
unlimited customers.
4. Window to enter into a new market: E-business has opened a window for
electronics retailers to enter into new market. Internet has lifted the global
boundary and creates an opportunity for the companies to enter into others
territory.
5. Brand Image: Brand is very important for electronics market. Companies with
strong brand image are dominating world market and Samsung become top of
them.
7. Conclusion:
Traditional electronics business is taking place by e-business day by day. In
traditional business service cannot be super fast. But e-business makes it more than
that. Just a click and everything has done. With the help of e-business technology
electronics companies are providing convenience service such as payment, delivery
and richness of product. Samsung may have some negative side but Samsung is
helping to make our life easier and more convenient by innovating new technologies
every day. Samsung may face more challenges in near future from its competitors
but if Samsung maintains its quality of product and service then they have very good
chance to be the number one and biggest company in the world.
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