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However, major competitors like Samsung and HTC also enjoy the benefits of the chaebol system; Sony enjoys similar advantages in Japan and American firms like Apple have vast resources as well. LG has a strong brand, as do most of its competitors, although the brand enjoys specific advantages in Korea where it has been known for decades. This is an advantage LG has in the domestic market over foreign competitors.
In terms of weaknesses, LG is a latecomer to the mobile industry. This has put LG at a technological disadvantage. Its tablet, for example, underperforms those of competitors in their price range. LG will need to invest more heavily in technological development in order to catch up to competitors in this part of the business. The company will need to improve its hiring and invest more money into research and development in order to close this gap.
The...
LG relies on its market share in Korea and its low financing costs to try to build its competencies in mobile devices. There is opportunity in the rapid technological turnover -- if LG can leapfrog the competition technologically, it can gain significant market share with the next generation of devices. The company should shift some resources internally to ensure that its best developers are working on the next-generation tablet, and that they have the financial resources they need to bring this product to market ahead of the competition. As LG does not have superiority in either financial resources or technological competence, it remains to be seen if the company can execute this strategy successfully or it if will need to contract its mobile device business.
Another threat is represented by the rapid advancement of technology, which forces LG Mobile Company to invest large sums of money into product development. Additionally, there is also the threat of competition and the threat of continually changing customer demands. At the level of opportunities, the first of these includes the technologic development which allows LG to quickly integrate new features into its products and better serve customer needs. Also, in
Social class remains a key demand driver on both a micro and macro level. The perceptual map of the global cell phone market based on features and price is as follows: The first point of segmentation is with respect to behavior, in particular the benefits sought and usage rate. The demand in the developed world for smartphones has been driven by demand for new features. Younger consumers are heavy users of
On one of its website, LG has a process map showing its certification process. The mapping starts with a request for examination for the certification process. The plan to examine the technology performance is assessed, the plant and the relevant vendors are looked at, and then the certification is approved or denied based on the empirical results (LG Sustainability, 2012). LG also has a blog that contains a set of
82). Both desktop and Web widgets have the same basic components. Fundamentally, they use Web compatible formats, even if intended to run in a desktop environment. This means that the core of the widget is HTML and CSS code which contains the actual content of the widget, namely text, linked images/video or content pulled from a server of Web service. Alternatively, the widget content can be created using Flash, although
Samsung Corporation is a Korean company headquartered in Seoul, South Korea. This is a company that is most well-known for its technology operations, though it also conducts business in several other areas on international commerce. Some of Samsung's primary focus areas for business include: electronics, shipbuilding, engineering and life insurance . Though by far the most recognizable products from Samsung are their telecommunications and mobile products. Because of the corporation's
International Finance The three companies that will be evaluated for purchase are LG, Sony and Xiaomi. Some of the report will discuss the individual companies, but a large portion of this report will go into discussing the country situations of these companies. They hail from South Korea, Japan and the People's Republic of China respectively. The differences between these Northeast Asian countries can be significant, and it is these differences that