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The LG mobile should also strive to have better products that can be compared to bigger names in the industry like the Apple Inc. products. This will enable the company to cater for the select premium end of the market such that they are left with no option but to run to Apple products for such mobile phones. This premium end of the market product will give the LG mobile a global appeal and open more markets for their products as compared to the current situation where their products are only compared to Samsung which is also fro Korea.
There are several outcomes that can be expected if the above are effectively executed. Bearing that India is the 5th largest economy in the world, LG is bound to conquer the market that will offer vast possibilities in the...
If the company is able to effectively cover the Indian market it will then be selling to one of the leading markets in the world. India's middle class should be the target of the company apart from other markets in the world. This is bearing the fact that the middle class in India has been noted to be fueling the economy and the disposable income is pegged at 8.5% annual growth and the trend is expected to remain steady till 2015, making a good market niche for the mobile phone.
LG mobile is also expected to be able to compete with the other global players like Apple and not just be compared to Samsung. This is bearing the fact that LG is capable of having premium brands just like Apple does and offer them at a comparatively lower price.
The LG mobile should also strive to have better products that can be compared to bigger names in the industry like the Apple Inc. products. This will enable the company to cater for the select premium end of the market such that they are left with no option but to run to Apple products for such mobile phones. This premium end of the market product will give the LG mobile a global appeal and open more markets for their products as compared to the current situation where their products are only compared to Samsung which is also fro Korea.
There are several outcomes that can be expected if the above are effectively executed. Bearing that India is the 5th largest economy in the world, LG is bound to conquer the market that will offer vast possibilities in the sale of their mobile phones. If the company is able to effectively cover the Indian market it will then be selling to one of the leading markets in the world. India's middle class should be the target of the company apart from other markets in the world. This is bearing the fact that the middle class in India has been noted to be fueling the economy and the disposable income is pegged at 8.5% annual growth and the trend is expected to remain steady till 2015, making a good market niche for the mobile phone.
LG mobile is also expected to be able to compete with the other global players like Apple and not just be compared to Samsung. This is bearing the fact that LG is capable of having premium brands just like Apple does and offer them at a comparatively lower price.
Other challenges include innovations in socially-responsible company actions. That is, people are concerned with companies that don't make it a top priority to be socially and environmentally responsible. People think of Apple as being a company that is responsible and that goes a long way in getting people to trust the company and its products. Perhaps the company can find ways to give back to the community so that
This gives the Mobile unit access to the parent company's financial capabilities, including its borrowing capacity and rates. 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
13.36% during 2007-2011, increasing the mobile subscriber base to 351.93 Million by the end of 2011. The mobile penetration rate is forecasted to increase from 15.37% at the end of 2005 to almost 31% by the end of 2011. The large number of potential African buyers reduces their negotiation power, which is convenient for companies as they don't have to deal with a lot of pressure from its customers. Substitutes. The globalization
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
Joint Venture Partner for HP Inc. Candidate Companies LG Daewoo Samsung Assessment of Candidate Companies LG Daewoo Samsung Investment Recommendation Team Fab Five have recommended that HP target South Korea for an acquisition. The acquisition should be undertaken as joint venture with a suitable partner. To determine the most suitable partner, potential joint venture collaborators must first be identified, and HP should determine what they would like to gain from the alliance, which will be used as a basis
Emergency The mobile phone is extremely useful in the case of emergency situation. The owner of such a mobile device can call 911 for free from their mobile phone, even if the owner's phone credit does not allow for calls to be made. Also, the camera of the mobile phone can be used in recording certain aspects that are useful in such situations (Reardon, 2006). Storage An important feature of mobile phones consists