Samsung Galaxy Smartphones Decreased Demand

Samsung Galaxy Smartphones Decreased Demand Samsung Electronics is one of the Koreas top electronics company which was founded in 1938. It has grown from small business to be one of top leading electronics and Technology in the world. It makes many kinds of consumer devices, including DVD players, digital TVs, and digital still cameras; computers, color monitors, LCD panels, and printers; semiconductors such as DRAMs, static RAMs, flash memory, and display drivers; and communications devices ranging from wireless handsets and smartphones to networking gear. However, they are mostly popular for their Smartphones (Galaxy), which is considered as one of its mains products. Samsung Galaxy includes categories such as Galaxy Note series, Galaxy Tab Series and Galaxy S series. Samsung from several years are relaying mostly on its smartphones sale to maximizing its profit, as other products sales are showing decline such examples include home appliances and LCD TV. Unfortunately, currently Samsung are struggling to sustain their sales and profit from Galaxy smartphones. Samsung profits have been on declining demand since 2013. Despite the company being the greatest in the world when it comes to production of smart phones, the pressure that it continues to receive from the market can no longer be denied. In this year second quarter Samsung Galaxy smartphones have shown even huge profit and demand drop for its smartphones. As you can see below the chart clearly shows the Samsung profit have been going down from year 2013 and was worst in the second quarter of this year. http://www.statista.com/statistics/237093/samsungs-operating-profit-quarterly-figures/ There are various reasons for this downfall, Samsung has always used a huge marketing budget. Nevertheless, in the last quarter, its budget was far larger in ways that were not favored by the company. The company has been compelled to use huge amounts of money on promoting the older and lower-end gadgets that have been congesting its warehouses because of weak demand† . This fall in trade, together with the extra money spent on publicity has catalyzed the firm’s dwindling fortunes. Actually having, fewer shipments of high end phones, has also resulted in having and investing to market the old models has helped demand decreasing for Samsung’s. More importantly the market competition that Samsung is facing from its main rival Apple IPhone smartphones and other competitors has also contributed in weakening the demand. Decline in demand also can be attributed to their exorbitant price of smart phones. Because the Price elasticity of demand for Samsung is high, increased prices has result in less demand for its smartphones. Also, Samsung’s competitors, which are mostly based in china, are producing phones that have features that are essentially similar to those of Samsung. They are however, offering these phones at prices that are much cheaper and affordable. This has, therefore, beat the purpose of purchasing Samsung phones that are unnecessarily expensive and shifted people demand from its smartphones to their rivals’ cheaper smartphones. The decline of the sale and the demand of smart phones is caused by inability of Samsung to be more creative. For example, when it comes to the features that are contained in their many smart phones. Their S series smart phones are the typical. The cheaper ones have fewer features though. The difference in the ones that are more expensive is their size. Since the release of the S3, the subsequent ones S4 and the recently released S5 are similar in several ways. Consumers are starting to feel that these S phones are overrated and over advertised, which coincidentally has been said of the reasons Samsung is investing a lot in over advertising. This strategy is geared towards trying to get their products out of the warehouses and into the market to be purchased by the consumers. Unfortunately, this have resulted not only in having a negative impact on the sales, it’s also reduced their profit margin due to overspending and less demand. As an economic consultant observing Samsung Galaxy smartphone declining demand, I will try to recommend solutions to fix this economic problem by analyzing the root reasons. Searching and analyzing the market it was found out that there was a lot of factors that influenced Samsung smartphone sales which made it gone down in the third quarter of the year. First of all consumer taste and preference for better improved technology products. The fact of the new technology, and the willing to adapt new features and devises that made Samsung to be the second choice of its customers. In addition to that, the strong rival competition and all consumers being aware that there are other substitute smartphones that have similar even better featured, such as the IPhone, which gives negative impact on demand. For example, when Apple IPhone 6 has launched in the market, it has made major shift in demand from Galaxy to IPhone smartphones. How Samsung’s Demand could be increased In order for Samsung to recover from its decreasing demand, it should do several things such as offering prices that are competitive in the international market. Whereas the number of clients obtaining smartphones is still raising, it is growing harder for the company to tap new market for its high-end devices. This therefore suggests that the firm will have to minimize its prices in order to sell these gadgets. However, this will still reduce its profit margins. Samsung should focus its attention on shifting its product mix towards low and middle iced handsets. Under the prevailing situations, the company will have to wait and observe how it will uphold its profitability in the future. Additionally, Samsung needs to rollout new products that will stave off gains made by Apple on the larger-screen iPhones; especialty the Galaxy developer has dominated (Sakr, 2014). According to the firm, the rollout of fresh mobile models will embrace new technology that will assist to scale down production cost and comparatively that will assist to give cheaper price products. Moreover, the firm should utilize an assessment on the prices of the smartphones and come up with figures at which demand will rise for their smartphones (Sakr, 2014). By offering incentives such as headsets and phone covers, the company will be able to improve its sales. Finally, Samsung can increase its demand by offering competitive prices and embrace new technology that will assist to scale down production costs. Alternatively, if Samsung was not able to compete in market against it rival IPhone and will give up to invest any more in Smartphone. We highly recommend that it should invest more in developing and improving its tablets as it score to have a higher demand than the smart phones. Obviously by improving Samsung Smartphones quality and increasing its decreased demand, will help in raising the reduced turnover for its third quarter. Samsung makes about two third of its profit from its smartphones sales. Which means any drop in smartphones sales will have a huge impact on the company’s turnover. If Samsung was able cope with shifting market preferences that will help them stand out among competitors like Apple. Samsung deals mainly with Technology which is one of fast moving and updating things and to survive in the market, Samsung should be always ready to offer fast new technology features in their Smartphones. It mainly include keeping an eye on it main competitor â€Å"Apple IPhone† and try to offer features that are unique or at least which are offered by Apple IPhone to be able to compete in the market. This idea has been successful with IPhone when they have took over Samsung’s advantage of having big size screens which was one of reasons of people smartphone shifting demand to Samsung. IPhone has been successful to offer that feature in its IPhone 6 Plus by which it attacked Samsung’s main unique feature over IPhone. http://bits.blogs.nytimes.com/2014/04/18/in-the-battle-for-best-smartphone-apple-still-beats-samsung/?_php=true_type=blogs_r=0 http://www.mobileworldlive.com/slowing-demand-reported-for-samsungs-galaxy-s4 http://recode.net/2014/07/07/samsung-says-second-quarter-tablet-sales-sluggish-as-smartphone-growth-slowed/ http://maps.yankeegroup.com/ygapp/content/10fed569fe2f4661ba2b7f2d01df77e6/50/DAILYINSIGHT/0

Pilgrimage Tourism

India being a country of the pious is dotted with sacred pilgrimage centres. Thus, pilgrimage tourism in India is extremely popular. Great religions like Hinduism, Jainism, Buddhism and Sikhism have originated on the Indian soil. The Hindu religion and place of worship are always unique to the rest of the world. To the outside world India is an orthodox country. The superstitions and the religious related aspects dominated the life in India. Despite this, Indian Philosophy preaches that every man should observe universal brotherhood and in order to achieve this noble objective, every true believer in God will have to visit sacred places and attend discourses of great people. Pilgrimage is recognized as widespread religious practice based on the belief that certain places are more powerful than others. Tirumala is one of the rare places in the globe where people gather in great number, from various parts of the world, irrespective of caste, creed, race, language and nationality. The temple beginnings are shrouded in great antiquity and its origins are still a matter of scholarly debate. Sangam literature, the earliest of Tamil literature (dated between 500 BC to AD 300) mentions Tirupati as Tiruvengadam which used to form the northernmost frontier of the Tamil kingdom. Tirupati was richly endowed by the kings and emperors of various dynasties. The Pallavas of Kanchipuram (9th century AD) Cholas of Tanjore (10th century), Pandyas of Madhura (14th century AD) and Vijayanagara kings (14th & 15th centuries) were committed devotees of Sri Venkateswara. Annually 2. 5 Crore pilgrim have darshan of the Lord. In the 2009-10 a total of 2. 5 Crores of pilgrims have had darshan of the lord. So the TTD tying do their best to provide amenities to the pilgrims. The pilgrimage tourism in Tirumala has emerged as an instrument of income and employment generation. In this article an attempt is made to study the impact of pilgrimage tourism on Tirumala.

Global Code Of Ethics And Ethics - 938 Words

MBA 605: Unit 4 Exercise Global Code of Ethics Introduction All employees and senior level executives are expected to uphold to the Global Code of Ethics in the highest ethical standards of this corporate international organization. Each employee is to abide by the laws of their country and the regulations of the organization in which they work. The Global Code of Ethics helps ensure compliance with the standards of business, ethics, and governing regulation requirements put in place. All employees and senior level executives are expected to read and understand the Global Code of Ethics and uphold these standards in their daily activities while being mindful of the organization’s policies and procedures. I. Transparency Accountability All employees, directors, supervisors, and managers are expected to be fair, transparent, accurate, and timely in disclosing of information, data, and reporting critical to the success of the business. Account records must not contain any false, vague, or misleading information or entries. If an error occurs, employees are to fully disclose and report the oversight to their supervisor immediately. Records must never be altered, destroyed, or concealed if ever to be audited, inquired by the federal government, requested by the law for litigation purposes or under subpoena. II. Confidentiality All employees, managers, supervisors, and senior level staff must take steps to safeguard all confidential information and data includingShow MoreRelatedGlobal Code Of Ethics : Ethics1407 Words   |  6 Pages Global Code of Ethics Sherry D. Martin Patten University Global Code of Ethics A global Code of Ethics has been established at [Company Name] to encourage conformity with behaviors that reflect high ethical standards. The following code must be adhered to within all levels of [Company Name] and should be used as a guide for helping you act appropriately. †¢ Act with integrity ïÆ'Ëœ Doing the right thing must be at the forefront of all business decisions. Integrity refers to ethicalRead MoreThe Global Code Of Ethics1655 Words   |  7 PagesI. OVERVIEW The Global Code of Ethics outlined herein describes how this international organization intends to do business. Because this business is global, working in conjunction with different cultures is of utmost importance. Drafting, implementing, and monitoring the Global Code of Ethics has involved and will continue to include a team from all aspects of the business, including; the Board of Directors, the General Counsel, Human Resources Directors, Managers, and Employee Representatives. FurtherRead MoreGlobal Organization Code Of Ethics1154 Words   |  5 PagesGlobal Organization Code of Ethics This Code of Ethics applies to our entire global organization. It sets forth the values and expectations for all employees and shareholders within our company. Honesty, Integrity, Respect and Fair Business Practices This organization will engage in practices that encompass integrity, honesty, respect and fair practices. - Honesty: All employees are expected to be honest with fellow employees, stakeholders, investors, and vendors. - Integrity: All employees willRead MoreGlobal Code Of Ethics For Tourism1067 Words   |  5 Pagesalso helps others in economic growth, including development and environmental sustainability and also offers leadership and support to the organization in tourism policies all over the world. It encourages all the organizations to implement Global Code of Ethics for Tourism. UNWTO SERVICES AFRICA †¢ UNWTO organized a â€Å"Tourism Investment and Business Forum† for Africa which was held on 21 January 2016 in Madrid, Spain. The Forum’s aim was to promote the development of sustainable tourism in Africa asRead MoreCritique Nigel Dowers Perspective Of Ethical Development And Globalization1722 Words   |  7 Pagesnatural resources, especially trees, is one contributor to climate change and global warming. In this paper, I will critique Nigel Dower’s perspective of ethical development and globalization through the lens of John Broome’s Climate Matters: Ethics in a Warming World. In this paper, I will critique Nigel Dower’s perspective of ethical development and globalization through the lens of John Broome’s Climate Matters: Ethics in a Warming World and argue that one cannot consider globalization without climateRead MoreThe Importance Of Management And The Success Of A Company1192 Words   |  5 Pagesimportance of management sho uld never be underestimated, management itself is a large and complex topic with all organizations having its goals and objective in which its management process will need to attain desired success for the company, using Global logistics management as an anchor point in understanding the importance of management for the success of a company, we need to understand that the world has become a globally linked environment, economic freedom has uncompromisingly lifted the barriersRead MoreEthical Management Processes in an International Company1039 Words   |  4 Pagespromotion is accomplished within a framework of personal ethics; (2) the organizational culture is constructed with value placed on behavior that is ethical; (3) the organization ensure that leaders not only speak of ethical behavior but follow through in their actions as well; (4) decision-making processes in the organization make the requirement that the ethical aspect of business decisions are considered; and (5) moral courage is developed. (Ethics in International Business, nd) I. Ethical Behavior Read MoreGlobal Crossing Management1100 Words   |  5 PagesGlobal Crossing Management 1 Global Crossing Management Mary Adams MGT/330 April 6, 2010 Global Crossing Management 2 Global Crossing Management Global Crossing was founded in 1997 by Gary Winnick. They reported $3.8 billion in revenue and $1.9 billion in losses in 2000. Global Crossing is a leading global IP solutions provider. Global Crossing has developed theRead MoreImportance Of Business Ethics On Previous And Current Literature Essay1459 Words   |  6 PagesImportance of business ethics in previous and current literature Previous Methodologies used for Studying Business Ethics Majority of the literature reviewed relied heavily on questionnaires and surveys as the chosen methodology. According to Rowley (2014), questionnaires are the â€Å"most widely used means of collecting data† (p. 308). However, when designing a questionnaire or survey researchers should consider the type of questions being used, sensitivity of questions asked, content and lengthRead MoreEvaluation of a Business Code of Ethics1271 Words   |  6 PagesEvaluation of a Business Code of Ethics, The Hershey’s Company PHL/323 Mission Statement Hershey’s Mission Statement noted here, (Social- Responsibility/Marketplace) â€Å"Bringing sweet moments of Hershey happiness to the world every day,† Provides the focus

The Imperative Mood in Italian