Samsung Electronics Innovation And Design Strategy Case Study Analysis

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Samsung Electronics Innovation And Design Strategy Case Help

Samsung Electronics Innovation And Design Strategy Case Study Solution is a widely known name of a New York based, world's leading company in the food and drink market. business is a prominent brand name in convenient snacks, foods and beverages with its presence in about 200 countries.

The report includes a deep analysis of numerous elements of the social responsibilities of significant companies in the food and drink market in general, and company in specific. The report also supplies an evaluation of the level of sustainability and CSR in the Samsung Electronics Innovation And Design Strategy Case Study Help's service method along with the determination of how Case Study Analysis develops value for its consumers.

Problems Identification

Case Study Help had taken certain essential steps concerning the environmental effects of its products, however, these actions are not enough to end up the criticism over the business's responsibility towards social and eco-friendly problems. This is required to take specific strategic steps to change the market position of its certain well-known brands and present Case Study Help as a business producing healthy items in the market. In this regard, company and other food and beverage business must use their power to move the consumer taste towards healthier products to eliminate the constraints in the growth of food market.

Important Analysis

The shift from the usage of natural food to produced food has actually extremely impacted the health of the consumers. All of the information related to the health problems with the incorporation of manufactured food in the market discuss the occurrence of the health concerns related to food system. These concerns are indirectly the outcome of various practices of the food and beverage companies for creating value for their consumers.

Value Creation at Samsung Electronics Innovation And Design Strategy Case Study Analysis

Samsung Electronics Innovation And Design Strategy Case Study Analysis being a huge company in the food and beverage market, supplies high value to its clients by numerous means. Case Study Analysis has a competitive benefit in providing its products far and large worldwide. The business is presented in about 200 countries with a big number of well-known international brand names.

The business creates value for its customers by ways of supplying large number of delicious food items consisting of salt, fat and sugar, which are the components that are directly linked with the psychological core of the customer's brain. The Samsung Electronics Innovation And Design Strategy Case Study Help along with other huge food and beverages business create value for its customers by controling these components in its products. Case Study Help along with other giant business has an interest in finding ways to increase the consumer worth from its products through making use of the vulnerability.

In addition to it, the business likewise produces value by means of incorporating the healthy point in its items. The business has done specific efforts in order to supply healthy products and lower the share of Samsung Electronics Innovation And Design Strategy Case Study Solution in total ecological destruction. Case Study Help has actually taken certain actions related to the sustainability of people and environment consisting of the 2009 statement of the enthusiastic goals and commitments connected to Case Study Analysis items, market and the neighborhood.

All of these ways have actually been successful at producing worth for the business customers. However, these methods have also result in the increased ecological concerns and the criticism over the company's role in increasing health and environmental difficulties. The incorporation of active ingredients like salt, fat and sugar in the company items for developing consumer worth faces high amount of criticism. These active ingredients are the primary reason for certain lethal diseases in human consisting of obesity, diabetes, cardiovascular disease etc. Increasing health associated issues have raised the criticism for Samsung Electronics Innovation And Design Strategy Case Study Help.

Useful Role of Major Food and Beverage Companies in Addressing Social and Ecological Expenses Associated with the Industry

Indeed, major food and beverage companies including business, and so on can play a positive role in dealing with social and environmental costs related to the market. The ecological expenses related to food and beverage industry include the environmental destruction due to the influx of nitrogen which has led to the minimized water drinking patterns, river contamination, and increased emission of greenhouse gases from soil and so on. All these factors results in environmental destruction which could be a huge threat to the existence of mankind in future.

Significant cause of these ecological changes is mass use of nitrogen rich fertilizers and the components by the food and drink business. Food and drink companies must play a positive role in dealing with these issues to eliminate their development constraints related to the criticism from the environmental communities.

The business should prevent use of nitrogen fertilizers and ought to browse out the products of those farmers that do not use fertilizers for their crop. The companies could utilize eco-friendly energy sources at their production plant to compensate the greenhouse gas emissions from the use of nitrogen-rich products.

Together with the eco-friendly expenses there are certain social costs related to the food and drink industry which must be attended to by the huge food and beverage business to attain the industry development and to avoid the criticism from the ecological communities. Social expenses associated with the market consists of the increasing health concerns associated with obesity, heart disease, diabetes and so on. Nevertheless, the huge business could play a constructive function in resolving these concerns.

The companies could move towards more healthy products by decreasing the quantity of harmful substances in their processed foods i.e. dioxin, which might result in fatal human diseases. The business could likewise do efforts to shift customer tastes towards healthy products as they have managed the consumer taste for couple of years.

Evaluation of Sustainability at Samsung Electronics Innovation And Design Strategy Case Study Help

There was a potential shift in the business technique and goals at Case Study Solution. The new CEO was concentrated on buying healthier products for achieving sustainable development for the business in addition to offering much healthier future for the people and the world both. Under the brand-new vision, the motto of the company was also altered from the "fun for you" to "much better for you".

Human Sustainability

The business revealed specific goals and commitments associated with human sustainability and the environmental sustainability. Samsung Electronics Innovation And Design Strategy Case Study Analysis obtained Quaker Oats producing TrueNorth nut treats and SoBe, and Naked Juice producing soy drinks and natural drinks to introduce different much healthier products in its portfolio. Despite of being thought about a Case Study Solution's healthy brand, the items of Quake Oats contained numerous active ingredients which were harmful to health. These harmful ingredients were not advertised which have become the base for criticism over the healthy brands of Samsung Electronics Innovation And Design Strategy Case Study Help.

In addition to the inculcation of healthy brand names in its portfolio through acquisitions, Samsung Electronics Innovation And Design Strategy Case Study Analysis has taken specific sustainability actions for its market places. One of significant examples in this regard is the Business's marketing technique associated to schools. The company markets only low calories and healthy beverages options in schools.

Another action taken by Case Study Help towards human sustainability is the shift of its focus towards research study and advancement for introducing new and healthy items in its portfolio. The company has actually increased its research study and advancement spending plan and has introduced an army of health researchers to design certain healthy products.

Ecological Sustainability

In addition to the human sustainability, Samsung Electronics Innovation And Design Strategy Case Study Help has taken a number of actions towards environmental sustainability. The company has devoted to different objectives connected to water, land, product packaging, climate change and community. In this regard, the business committed to lower its product packaging by countless tones to prevent high amount of wastes. The business has actually dedicated to lower greenhouse gas emissions along with the achievement of effectiveness in the energy use. company has also tried certain humanitarian activities including a commitment to offer safe drinking water to 3 million people in establishing countries by 2015.

On the basis of above analysis, it could be figured out that the company has actually taken several actions towards human and ecological sustainability. These actions are still not enough to achieve the wanted industrial development and to minimize the criticism over the social obligation of Case Study Analysis.

Alternatives

Particular long term tactical options might be obtained for the business on the basis of above analysis. These alternatives can be examined on the basis of the fact that how the alternative would allow the company to accomplish its objective of potential development and decrease the criticism over the company. Moreover, the alternatives could be assessed on the basis of the time frame that would be taken by an alternative to be implemented together with the cost and dangers associated with the option

Alternative-1: introduction of a New Product line Related to Healthy Foods and Beverages

The initial step that Samsung Electronics Innovation And Design Strategy Case Study Help could take is to introduce a new line of product related to healthy food and drinks. Although, the business has currently introduced certain heath related brand names, but, the number of these brand names in its portfolio is not potential to lower the criticism and attain possible development. The company must introduce a broad variety of healthier products by using its substantial research study and advancement expenditures. The advantages and disadvantages related to the intro of a healthy product line in the portfolio are provided listed below:

Pros:

• Capability to target large number of consumers i.e. health conscious consumers.
• Reduction of the criticism of environmental worried societies and community development organizations.
• Fulfillment of the social responsibility by compensation of the harmful items with healthy products.
• Could be executed within couple of years i.e. 3 to 5 years.

Cons:

• Danger of failure of the new products in the market i.e. customers may not like the taste and may decline the much healthier items due to the addicting nature of dangerous items.
• The harmful items in the item portfolio may make the incorporation of healthy items fail to decrease criticism.
• Huge expense of research study and advancement required to develop brand-new healthy items.

Alternative-2: High level Acquisition of Health associated Companies

Another alternative option to accomplish the potential growth and lower the criticism is to get the health related business at a high level. Investment in these type of business would permit Samsung Electronics Innovation And Design Strategy Case Study Solution to present a big range of much healthier products within a brief time period with no need of substantial research study and development expenses. The pros and cons connected to alternative 3 are offered listed below:

Pros:

• Saving of substantial quantity of research study and development costs for new item advancement.
• Incorporation of brand-new items within 2 years.
• Ability to target large number of consumers i.e. health mindful consumers.
• Decrease of the criticism of environmental worried societies and neighborhood advancement organizations.
• Fulfillment of the social responsibility by payment of the hazardous products with healthy items.

Cons:

• The acquisition might not show to alter the image of Samsung Electronics Innovation And Design Strategy Case Study Analysis as in case of Quaker Oats.
• Requirement of huge quantity of capital.
• Threat of failure of the new items in the market i.e. customers may not like the taste and may not accept the much healthier items due to the addictive nature of hazardous items.
• The dangerous items in the product portfolio may make the incorporation of healthy items fail to lower criticism.

Aletrnative-3: Replacement of Hazardous Products with Healthy Products in the Portfolio

Another alternative option for Samsung Electronics Innovation And Design Strategy Case Study Analysis is to replace all of its hazardous products with healthier products. The replacement of harmful products with much healthier products would completely change the market position of the business and would require a large number of essential steps to be taken.

Pros:

• Change of market position of Samsung Electronics Innovation And Design Strategy Case Study Analysis
• Capability to target a great deal of customers i.e. health conscious customers.
• End of all of the criticism of ecological concerned societies and community advancement companies.
• Satisfaction of the social duty

Cons:

• Risk of failure of the brand-new items in the market i.e. consumers might not like the taste and might decline the healthier products due to the addictive nature of harmful items.
• Big expense of research study and development required to develop brand-new healthy products.
• Staff member may resist over the change in business model and service method.
• Number of years required for the execution.
• Shift of focus from the core proficiencies.

Recommendations

With the deep analysis of the company's CSR, issues faced by the business and the present market circumstance, Case Study Solution is recommended to consider alternative 2 of high level of acquisition of health associated business. As the acquisitions would allow the company to save of big quantity of research and development costs for new item development. Along with it, acquisitions would permit incorporation of brand-new items within two years along with the ability to target big number of consumers.

This Samsung Electronics Innovation And Design Strategy case study is writen by : Ali Farhoomand

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