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New Marketing Strategy:
Samsung GALAXY Gear
Team #7Kim SeongJae
Why Failure? New Strategy
Samsung’s strategyCustomer’s responseFailure Analysis
SWOT AnalysisNew StrategyExpected prospect
Why Fail-ure?
CallSmart Relay
Memographer
Find my device
Media Controller
Samsung’s Strat-egy
Customer’s Response
World Sales
50,000
Marketing Cost
5,000,000,000,000800,000
Agency, Retailer
Failure Fail-ure
Failure Fail-ure!
Failure Analysis
Immature Wearable Device MarketHigh Price (396,000 won)Only Samsung Smart PhoneBad Design & Heavy weightBattery Life (only 24 hour)Just accessary for Smart Phone
Why Fail-ure?Remember, This is Watch!
Concept Item
Just focus, This is new, convenient, innovate smart deviceForgot Basic Marketing Strategy
Catch Customer’s Response.Create Innovate Image (Market Starter)
New Strat-egy
SWOT Analysis
Strength Weak-ness
Opportunity Threat
Brand Image (Smart Watch = Samsung)(From Best Follower To First Mover)
Convenient Hands Free DeviceNo worry to loss (always wear)
Technology (Smart Device, Tizen OS)MoneyManpower
High PriceOnly Samsung Smart Phone
Bad Design, Heavy WeightBattery Life
Incomplete Tizen OSExcessively Tech-oriented
Market Share (World 54%)Wearable Device’s Potential (55,000,000)Smart Phone Saturation (Price down)Customer Needs For FunctionTablet PC’s success 1970s SEIKO, CITIZEN (Electronic Watch)High-end Watch CentralizationSony’s Fall, Small-Medium Competi-tors
Immature Wearable Device MarketCustomer’s recognition (Toy, Acces-
sary)Loyalty for Classic Watch
Innovate Venture Competitors (Peb-ble)
W.D Health Care Area First Mover (Nike)
High Expectation for Apple’s I-WatchClassic Watch Brand Growth (33%)
SWOT Analysis
Strength Weak-ness
Opportunity Threat
Brand Image (Smart Watch = Samsung)(From Best Follower To First Mover)
Convenient Hands Free DeviceNo worry to loss (always wear)
Technology (Smart Device, Tizen OS)MoneyManpower
High PriceOnly Samsung Smart Phone
Bad Design, Heavy WeightBattery Life
Incomplete Tizen OSExcessively Tech-oriented
Market Share (World 54%)Wearable Device’s Potential (55,000,000)Smart Phone Saturation (Price down)Customer Needs For FunctionTablet PC’s success 1970s SEIKO, CITIZEN (Electronic Watch)High-end Watch CentralizationSony’s Fall, Small-Medium Competi-tors
Immature Wearable Device MarketCustomer’s recognition (Toy, Acces-
sary)Loyalty for Classic Watch
Innovate Venture Competitors (Peb-ble)
W.D Health Care Area First Mover (Nike)
High Expectation for Apple’s I-WatchClassic Watch Brand Growth (33%)
Customer Needs
Payment(34%)Remote Control(33%)ID Card(30%)Key(28%)
Portability
IDC Survey(2013) I - Commerce
Passbook + Touch ID + I-beaconCost, User Knowledge, Security
Not Yet
Segmenta-tionTargeting
Positioning
Office Worker
Useless Func-tion
STP StrategyCameraHealth
Call….
Reduce Price!
Improve Battery Life
Mobile Pay-ment
Smart Office
Mobile Payment
NFC Based Hands FreeNear Field Communication
ConvenientFast (0.1sec)
No Lose of EnergyCheaper Cost
Security
Contents(Museum, Theater)
Most Convenient than other device
(hands!)
Short Moving LineNo Worry to Loss
Definitely Convenient!
Smart Office
Smart Office ID Card, KeyReduce Cost
Autonomy in WorkBYOD
(Bring Your Own Device)Group Application
ID Card(30%)Key(28%)
No worry to LossNo need Battery
Security
Not only OfficeEverywhere
Information Fatigue
Notifying Important Information
(Vibration)
Reduce FatigueEnhance Productivity
Tizen OS – CompatibilityIoT, IoE
Expected Prospect
Recent Trend
Google Wallet(City Bank, Master Card)
Paypal, Square
AT&T, Verizon Wireless, T Mobile USA - ISIS
Sony – FeLiCaTransportation Card,
Membership Card
Expected Prospect
Prospect
Smart Watch = Watch
Hands FreeAlways with You
Develop Specific Area
Mobile PaymentSmart Office
Samsung Galaxy Series
Quick StarterMarket Leader
Thank you For Your Attention.