Competitive Advantage Analysis Of The England Television Set Industry

At Costco, VIZIO relied extensively on consumers to purchase their product without any assistance from salesman whom would either influence or steer the consumer during the sales. Because of their low brand awareness, they strategically placed their products on conspicuous display, right at the entrance at the stores, to catch the customers’ attention, but more importantly because their shoppers fell into the market segment target by VIZIO, 35+ years, wealthy, and with disposable income.

Samsung smart televisions are convenient and resourceful due to their voice recognition command system, but people are unaware that their private conversations may be being recorded. Speaking to a television that can browse the web, watch youtube, and do anything your voice commands is much more appealing than a regular television. On the downside, anything that the television hears will be transmitted and processed. If someone’s smart television gets hacked, their private information could be accessed and taken advantage of. “Please be aware that

Before we television existed people had to depend on Radio stations to receive there little bit of entertainment and news. But in 1878, the invention of TV began. The first TV made didn’t look anything like the way TV’s look today, it was a mechanical camera with a large spinning disc attached to it (Kids Work). But as over the years, of course inventions of different TV’s progressed and by the 20th century about 90 percent of our population had a TV in their household(). Television today is mainly used for people take a break from their life by relaxing and enjoying some entertainment.

Competitive advantage exists when a firm has strategy, product or an attribute that makes the firm capable of delivering similar benefit to that of competitors at a cheaper cost. Having competitive advantage is not enough the company should be capable of sustaining that particular competitive advantage for a longer period of time.

Televisions through time went from bulky, low resolution models to elegant High Definition (HD), Ultra HD displays. As they got slimmer, the resolution went higher as well, allowing for sharper images when gaming or watching movies and shows. It has been made possible by the addition of more and more pixels to increase the visual quality of the images displayed through it. Audio has improved as well, by being able to connect wireless speakers to the TV for surround sound, through Bluetooth.

Consumers are also investing in home theaters. TV’s are bigger than ever and have digital and 3D capability. As the costs of all the components go down consumers are

Vizio uses unprecedented technologies to ensure that their products are of the highest quality available. This approach has helped the company prosper and grow to great levels in the entertainment industry. Vizio now offers everything from multiple types of televisions (LCD, LED, 3-D) to home theatre products, tablets, and wireless routers. While their main product remains to be their televisions, the variety of products that they now offer are rapidly becoming popular amongst consumers in North America. Although Vizio’s newer products are a huge success, we believe that for now Vizio’s televisions would be the best product to offer in the Australian market.

TV, more commonly known as ‘television’ is one of the greatest inventions of the 20th century. In ancient Greek tèle means ‘far', and in Latin visio means sight. From my perspective and many people of the world television has changed the way we live. Television has brought many amazing things, however nothing is perfect.

A Competitive Advantage is a peculiarity for an organization between it's competitors . It's achieved either by lowering prices or by greatening the value of the product or by offering luxury service and benefits to cope with high prices .

Competitive advantage is that a company has better ability in earning profit and profit growth compared to its competitors for the same group of customers in one industry.

Competitive advantage(CA) is an advantage competitors gain by providing or offering customers or consumers greater value for their money through product and service differentiation or through lower prices. Maintaining competitive advantage is crucial to many businesses or organizations' success in order to survive in the market. Competitive advantage is characterized by superior performance which could be an attribute to outperform the competitors whether current or potential; or gaining a higher market share in a particular industry thereby ensuring market leadership; or ultimately, maximization of profit.(JOBBER 2010)

The next set of forces is the threat of new entrants and possible substitutes that the TV service providers industry faces. Possible new entrants into the industry are Verizon, AT&T, Sprint, Apple, and Amazon. All of these entries could pose a strong threat to the industry. They have similar technologies and have the

LG Electronics and Intel entered into a plan to reach a goal welcoming industry to produce Intel Wireless Display (WiDi)technology. Intel WiDi will be set into next year's LG Movies 3D Smart TVs, building them the first in the TV production to spot Intel WiDi

Competitive advantage is explained by Mahoney and Pandian (1992) as the function of industry analysis, organizational governance and the firm’s effects in the form of resource advantages and strategies. In order for a firm to be competitive it must adapt to the volatile business environment and through strategic management decisions establish a competitive advantage that will ultimately produce superior performance relative to its competitors (Akimova 2000).

What do we really mean by television? The way we watch television has drastically changed over the last fifteen years due to new technologies such as digital television and services providing on-demand access. These drastic changes have had a huge effect on viewers and have “allowed online streaming platforms to dominate and revolutionize the way the audience consumes” (Aliloupour) media, ultimately allowing the viewer to be in total control of how, when and where they want their content. The idea of only being able to watch television on a television set is now a thing of the past. Due to technology, the audience now has a vast variety of options on how they can access content. By using scholarly articles, research in new media and Internet sites I will be analyzing current television and where the future of television will be heading.