b. Positioning and differentiation strategy for Micromax, Samsung, Lenovo and Apple.
Positioning of the product can be done in various way such as
• Positioning by product attribute: The Apple focuses on the one or two features at the time to achieve its best market, best feature or benefits, relative competitive in offering.
In Samsung, it focuses on the many product at a time so it can reach ennuber of the people, so that they can get what they want in their budgeted price.
In Micromax, they focuses on the all the product they bring in the market. All the people who want the features at a very low range can get the in these company.
In Lenova, the company tries to catch the market but nowdasy the competition is so much that many of
…show more content…
Nowdays the Apple indicates the status of the people. Many of the features beyond what we require is there in it.
The Samsung product are used by Higher middle class people. There are ennumbers of varieties of the product with difference in the price. The people can select what they want according to their budget. The Samsung also produces high type of application and also high product which expensive in money which are bought by less people. Many of the people focuses on the product which are cheap and in cheap product there are all the features they want.
The Micromax company produces many products such as mobile , tablets etc, ut the user of these product are done by the lower middle class, which cannot afford the high class mobile and goes in these type of product and fulfil their demands as what they want.
The Lenovo company is very known but still their product is not as known to the people. Many of the competitiors of the company gave very strong competition to them. The Lenovo companys product are very lessly
…show more content…
It compares their product with apple company. They see to it that all the apple product with their feature and compare their product with them. After comparing that, they try to compare them with all the features.
The Micromax company compare their product with Samsung one. The Samsung company`s product are very expensive as compare to the Microamx one. Many of the people who want all the features of the Samsung and they can get in the Micromax product who cannot afford expensive mociles.
The Lenovo company also compares their product with the Samsung and micromax so that they can get their features what the customer is demanding. The Lenovo company target lower class people who can afford their product.
• Positioning by quality or value: The Apple is maintaining the best quality product in the world. It sells the product at very high range than any other in the market. It maintain its high quality and value very high than any others.
The Samsung also try to maintain its quality as good as apple does. The quality of the Samsung is good but not as good as apple. It is maintaining its competitor company.
The micromax company try to maintain its value in front of apple company. The quality of the micromax is being doing better as per the customer getting attracted by the
All above show people the powerful of the Samsung company, it has the strength to compete with the Apple company.
Micromax: Micromax is an Indian company dealing in consumer electronics. It entered into the handset market in 2008 and has mainly focused on the rural market. The following is the market segmentation followed by
Strong position as a technology leader – Even if Lenovo is ranked as the world’s No. 1 PC maker it would not be able to achieve success without being a mobile tech leader. The smart-phone business will prove to be a key for success for Lenovo
However, if Lenovo has been using this strategy for a long time, it could become a disadvantages for them. This is because focusing on price can make the company lose sight of evolving customer tastes and preferences which eventually makes them to buy other product that Lenovo’s. (Huebsch, 2016) Moreover, the prolonged usage of this approach will give the competitor of Lenovo chances in copying the techniques of lowering the price of their
Fourth: Samsung tries to create that type of design that reflects users, lifestyle and can interact with them
Apple operates with fierce competition in the consumer electronics segment which comes in many different forms. There are a large number of competitors in the different market niches who offer many similar products. Furthermore, many of these competitors' products are priced much less than an Apple branded products. Just as soon as Apple releases a new product, major companies begin imitating it immediately. In the personal computer industry, market pressure is continuously being exerted from such companies such as IBM, Dell, HP, and Toshiba (Wildstrom, 2009). Furthermore, with its flagship product the IPhone, Apple competes with companies like HTC, Palm, Blackberry, and Motorola (Wortham, 2011). Apple has had significant success despite the competitive environment because Apple commands a brand loyalty and dedication to innovation that few companies have ever achieved.
Some of the Samsung products are not user friendly. This factor is keeping Samsung behind in the Global electronics market. For instance there are many draw back in digital camera Samsung S860. First of all the lens of this camera turn off automatically after 30 seconds.
Samsung has been in the business for over 70 years, it is a company which is considered to diversify its business ranging from mobile phones to washing machines, TV’s to microwave, all kinds of home appliances to the most modern worldly technology needs of human kind. Samsung is a $160 billion company. Through research, reliability and a talented workforce, Samsung is able to provide technological solutions for our everyday lives. Samsung is known for its TVs however they have penetrated into the mobile phone market. They have come up with creative technology such as the Smart TV and Smart Camera. They continue to invest heavily into their research and development so that they can produce products that are efficient and
Hardware integration with many open source OS and software. Samsung is focused on producing devices which can be integrated with most of the software and OS. This gives Samsung products an edge over Apple’s (its arch rival) devices, especially as Android and other OS are gaining market share when iOS and OS X are losing it.
Lenovo’s typical brand proposition is ‘more for the same’. Therefore, it has to have some competitive advantages that can leave customers greater value than the other companies. And the following factors are Lenovo’s main competitive advantages.
Since Samsung already has large market coverage because of its huge number of goods ranging from household item to industrial applications, thereby it can make use of its exciting capability to reach consumers. In addition it can target those areas which have low penetration of its competitor goods, hence providing Samsung greater chance of success and reaching wider range of consumers.
Samsung is a leading smartphone maker in the world and is a South-Korean multinational aggregate company embraces numerous subsidiaries and affiliated businesses. The company is headquartered in Samsung town, Seoul and was founded by Lee Byung-chul in 1938 as an exchanging organization. The company has expanded itself in the areas including food processing, textiles, insurance, securities and retail during the last 30 years. The company entered into the electronics business in the late 1960s and advanced as a brand providing quality products such as washing machine, television, mobile phones, laptops et cetera. In the present period Samsung has its finished focus on its cell phones that is most honorable item in the business and with the headway of innovation the brand has differentiated its item scope of cell phone from the lavish ones to the moderate value ran PDAs.(Wikipedia, n.d.).
From the three main activities, Samsung Electronics is the one that can compete with other leading brands. Initially that making Samsung’s products are on the rise is the development of 256K dynamic random access memory (DRAM) computer chip and a VLSI (very large scale integration) version of the 64K DRAM chip. By the turn of the millennium, the company’s successful introduction of leading-edge products such as mobile phones, MP3 players, digital televisions and personal digital assistants (PDAs).
An India based company, Micromax Informatics Ltd was founded in 1991 is headquartered in Gurgaon, India. Micromax is a consumer electronics company that started selling mobile phones in 2008 with a focus on low pricing in order to compete with international giant players such as Nokia(at that time), Samsung, Motorola, LG and Sony Ericsson. Its product portfolio includes Android smart phones,
Corporate Profile: Micromax Mobiles is one of the leading mobile companies in the World today. According to Strategy Analytics’ Global Handset vendor market share report, it is the 12th largest mobile brand in the World with a global market share of 1% and close to 8% market share in India. With an in-depth understanding of rapidly changing consumer preferences coupled with the use of advanced technologies, Micromax has been able to differentiate itself from the competitors through innovation and design. The brand took on the leaders in the category with specific products that addressed different customer needs. The company has focused their efforts towards creating life-enhancing mobile phone solutions and wireless technologies that cater