Samsung S New Target Market Essay

Open, View, and/or
Download this Document

Total Length: 564 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

Samsung Cell Phones

Segmentation

The first distinct market segment for Samsung is the enterprise market, which is primarily regarded as employee phones market. This market segment has grown tremendously in the past few years and businesses incorporate phones into work processes. The segment contains the working class population with different income, age, and of different gender. The population is in different geographic and can be segmented through user status for employees who are looking for ways of enhancing work processes. The second market segment for Samsung cell phones is the early adopter market, which comprises of children or technically ignorant or naive customers. This segment contains children who are looking for phones to play with or individuals seeking for easy-to-use phones. The behavioral segmentation of this market is user status since it's made of first-time users or technically ignorant users who are usually found within the home setting. The individuals are looking for phones that are easy to use for calling, texting or playing games.

Target Market

The most profitable market of the two segments is the enterprise market comprising savvy, educated shoppers. This market can represent growth for Samsung because it contains a huge portion of potential customers who can afford the product and easily obtain it. Moreover, this target market of savvy, competent users consider a phone as a necessity in their various work processes.

Stuck Writing Your "Samsung S New Target Market" Essay?

View All Our Example Samsung S New Target Market Essay

Have A Custom Example Essay Written

The increased growth of this market segment worldwide implies that it offer a huge potential for profitability if the company develops products that meet the various demands and contribute to improved work processes. The likelihood of profitability of this target market is enhanced by the fact that it meets five of the six criteria for an attractive market segment or market (Widdel, p.1).

Target Market Strategy

Despite the likelihood of increased productivity through focusing on this target market, the company should not focus all its resources on this market only. Samsung should adopt multi-segment marketing through which it pursues both the new and current target markets alongside other market segments. Multi-segment marketing involves distribution of several brands or product lines in order to reach multiple target markets (Akers par, 3). In this case, Samsung needs to establish a cost-effective method of distribution to market varying kinds of products that are attractive to different segments. Multi-segment marketing represents the best chance for growth since the company will maximize profitability in all markets, given that….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Samsung S New Target Market" (2015, September 12) Retrieved May 2, 2024, from
https://www.aceyourpaper.com/essays/samsung-new-target-market-2155794

Latest MLA Format (8th edition)

Copy Reference
"Samsung S New Target Market" 12 September 2015. Web.2 May. 2024. <
https://www.aceyourpaper.com/essays/samsung-new-target-market-2155794>

Latest Chicago Format (16th edition)

Copy Reference
"Samsung S New Target Market", 12 September 2015, Accessed.2 May. 2024,
https://www.aceyourpaper.com/essays/samsung-new-target-market-2155794
   

Open, View, and/or
Download this Document
order custom essay example