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PRESENTATION SCRIPT FOR RECOMMENDATIONS - SAMSUNG SMART TVS 2
[Slide 1 Introduction]
This presentation is based on the strategic recommendations, and it will comprise of three
main issues:
First- the target market for smart TVs. Despite the four segments identified by my team, this
presentation will focus on one segment of the market that is the most important for the company.
The Second variable is the brand proposition (VP). This will provide an analysis and the best
The third variable comprises the marketing mix. This section will detail a combination of tactical
marketing strategies that would prove essential in endorsing the VP in the target market.
This slide details the segmentation framework that was outlined in the marketing strategy
outcomes by the team. This framework relies on two aspects that are vital. This includes
financial stability and individuals who are keen to purchase new and innovative technology
The segment that I would recommend we focus on comprises the financially stable
families that earn over 80,000 per year. These individuals have the finances to buy smart TVs,
The reasons for choosing this particular segment is that these families are earning
PRESENTATION SCRIPT FOR RECOMMENDATIONS - SAMSUNG SMART TVS 3
$80,000 year, and they are often left with extra finances after they have met their daily needs.
Most of the families comprise of parents within the 31-41 age group. Additional, these individual
often have businesses and other sources of income that ensure they are financially stable. This
segment will continue to grow as the world economy is stable and incomes are rising.
Based on statistics, these families have a keen eye to purchase an expensive television that meets
different needs. Essentially, the Smart television is a unique product offering. The main goal of
the strategy is to ensure this segment to buy Smart TVs that improves convenience, connectivity
and ensure all their entertainment needs are met by a single product (Pablos, 2015). This segment
is also attracted to the large screen of smart TVs, and the features present.
Since the wealthy families earning over 80,000 per year are the best group to focus on, I
began to consider the brand VP. I have come to a resolution that the most vital aspects of the
Simplicity
Internet connectivity
Smart features
Social TV features
Internet chatting
The current figures about the market show that Samsung is one of the most popular electronic
PRESENTATION SCRIPT FOR RECOMMENDATIONS - SAMSUNG SMART TVS 4
brands worldwide (Chang, 2011). It has an excellent reputation, and the smart TV is quite
attractive for the market. Essentially, t is not necessary to make any changes to the brand as it is
already established worldwide. It has gained an excellent reputation for innovative technologies
There are three key aspects of differences between Samsung smart TVs and other smart
TV options by competitors:
I believe that the most important aspect is the second feature. In this regard, the brand VP is
The brand VP is summarized as producing and selling a product that has new and
innovative features that serve a variety of purposes. Additionally, the product has an advantage
where consumers can gain from these functions to ensure that they are entertained. A large
number of people depend on televisions for entertainment. The smart TV contains a variety of
features such as internet connectivity, control via smartphones, and supports plug and play
devices.
Now that we have established the segment market financially secure families making
over 80k per year- and our brand recommendation smart features and large screen, I have
begun to consider the marketing mix and strategies Samsung could use to target the market
PRESENTATION SCRIPT FOR RECOMMENDATIONS - SAMSUNG SMART TVS 5
comprising of financial stable families. Essentially, this will be based on the message around
smart features and larger screen (Michell, 2010). I have considered the 4Ps and the next slide
The product, considering the large size and innovative smart features, already meets the
needs of the target market. The main goal of the product is to attract the market segment who are
stable financially and are keen to buy an expensive product. Essentially, to ensure them to be part
of the purchase decisions will entail additional of wireless external speakers, blue ray players,
and an online movie subscription service free for the first month as part of the purchase. This
will not affect the price of the product, and it will ensure that they get the best value for their
money (Cellich & Jain, 2012). The consumers will be attracted to the functionality of the
I recommend the use of a promotional campaign to launch the smart features. This is
achieved via a mass marketing campaign to attract the market segment. Electronic stores stocked
with electronic products will have the smart TVs on daily, and consumers will be allowed to try
them out and test the feature (Chang, 2011). Additionally, tens will be placed at open stores to
encourage customers to try out the smart TVs, and ask a question about it.
The price will be high to show the value of the product and the innovative features. The
price will also rely on the components that applied in building the product. It is vital that the
In regards to the financially secure segment, the Smart TVs will be available in most
locations that sell high-end smart TVs. It will be in a location that they frequent such as malls,
electronic stores, and these stores will be located in commercial districts to increase the visibility
of the smart TVs (Michell, 2010). Since the smart TVs rely on established stores, it will be easier
References
Burns, P. (2011). Entrepreneurship and Small Business. New York: Palgrave Macmillan.
Cellich, C., & Jain, S. C. (2012). Practical solutions to global business negotiations. New York:
Chang, S.-J. (2011). Sony vs. Samsung: the Inside Story of the Electronics Giants' Battle For
Michell, T. (2010). Samsung Electronics and the struggle for leadership of the electronics
Pablos, P. O. (2015). Knowledge management for competitive advantage during the economic
It was a difficult process to finish the report while working online as a team but we were
successful in the end. I would give the team that I worked with a rating of 9 out of 10.
All the team members made vital contributions towards the project at hand. Additionally,
they all participated, and the contributions were valid and well organized. This ensured that the
team worked effectively. Moreover, all members played different roles in the team. While others
researched on the product, others looked at business practices that are essential to the success of
an organization.
As a team member, I contributed regarding the product, its specific features and its
performance in the market. I was also available during the skype meetings and made the
necessary contributions.
In future, I would encourage the use of online forums to encourage all participants to
make contributions and discussions at the same time. This would minimize the time spent in