Professional Documents
Culture Documents
1
❑ INTRODUCTION
❑ COMPANY’S HISTORY
- LG’s INNOVATION
❑ PRODUCT LINE
❑ MARKETING MIX
❑ COMPETITVE ANALYSIS
❑ OPERATION STRATEGY
❑ KEY STRATEGY OF LG
❑ STANDING POSITION
❑ R & D POTENTIALS
❑ S.W.O.T ANALYSIS
2
❑ CONCLUSION
o LG Corp. founder Koo In-Hwoi established Lak-
Hui Chemical Industrial Corp. in 1947.
o GoldStar was an electronics company
established in 1956.
o In 1958, Both companies Lucky
and GoldStar merged and formed as
Lucky-Goldstar in Seoul.
o Worlds second largest manufacturer of electronic
goods.
3
• World wide -82,000(2015)employees
• Parent - LG Corporation
• Total revenue - ₩ 56.50 trillion (2015)
• Headquarters - Yeouido-dong
, Seoul, South Korea
• Joint ventures with Philips-led lights
• LG Electronics is public company.
• Slogans
➢ "LG, We put people first!" (1997–1999)
➢ "LG, Digitally Yours" (1999–2004)
➢ "LG, Life's Good" (2004–present)
4
5
• Vision
LG’s Vision is to become a worldwide leader in
digital that ensures customer satisfaction through
innovative products and superior services.
• Mission
To create value for customers.
To respect human dignity.
To become best in its field.
6
7
8
9
❑ Television –
➢ 55-inch OLED TV
➢ 65-inch and 77-inch OLED TV
➢ LG Smart TV
➢ Plasma TV
❑ Smart Devices and mobile phones –
A varied range of tablet devices and
smart phones like-
➢ G3,
➢ G Flex
➢ G2
A smart watch that is based on Android
wear
10
❑ HOME ENTERTAINMENT
➢ Music systems
➢ Home theatre systems
➢ Blu ray players
➢ DVD players
❑COMPUTER PRODUCTS like
monitors
Home appliances
➢ Refrigerators
➢ Dishwashers
➢ Microwave ovens
➢ Vacuum cleaners
➢ Washing machines
➢ Water purifiers
➢ Air conditioners
11
Mobile Phones CookingAppliances&
RS 10000-48000 vacuum cleaner
RS 3500-30000
Refrigerators WashingMachines
RS 15000-125000 RS 11000-85000
12
• LG product available in LG
retail showroom, malls ,private
retail shop.
• The services of LG are available
in more than 110 countries of the
world.
• LG Electronics controls 114
local subsidiaries in India
13
• LG promote its product s
through Newspaper, T.V.,
Radio, hording and taking
part in events etc.
➢ Global
➢ Newspaper
➢ T.V
➢ Hording
➢ Taking part in events like
ICC world cup, foot ball
leagues……etc
14
15
➢ To make itself a known brand in the consumer electronics sector, LG has
taken innovative marketing and promotionalinitiatives:
16
➢ To overcome high import duties, LG manufactures PC
monitors and refrigerators in India at its manufacturing facility
at Noida, Delhi.
➢ LGEIL had already commissioned contract manufacturing at
Mohali, Kolkata and Bhopal for CTVs. This has helped LGEI
to reduce costs.
➢ LGEIL is implementing a “digital manufacturing system”
(DMS) as a cost-cutting innovation.
➢ This system is a follow-up to the Six Sigma exercise LGEIL
had initiated earlier.
17
• LG has adopted the regional distribution model in India.All
the distributors work directly with the company.
• LG also follows the strategy of stock rotation, rather than
dumping stocks on channel partners.
• LG has over 46 branch offices and another 110 area offices
across the country.
• LG had set a target of developing 2,000 dealers in 2004, in
addition to the existing 3,000 dealers all over India.
18
• Recycling of Plastic Applications.
• Providing school meals in the 15 LG
Hope Schools through the slum
districts in Kenya.
• Supporting to develop local
infrastructure such as ponds and
road in Asia.
• Global Take-Back Policy
• Guidance on the Disposal of End-of-
Life Products
• Recycled Plastic Applications
19
❑Product localisation is a key strategy used by LG.
•LG came out with Hindi and regional language menus on its
TV.
20
• 2008 Selected as the Most admired Multi- National
Company in India.
• 2009 Presidential Award for the Best Design in
Indonesia.
• 2009 Selected as the best 3G mobile handset maker in
China.
• 2009 Presidential Award for Korea IT Innovation.
• Since 2004,it honored with more than 130 CES
Innovation awards.
• 2013-it honored with 10 CES 2013 innovation awards
for smart innovations in U.S.
21
2nd in home entertainment.
1st in air conditioners.
5th in mobile comm.
1st in home appliances.
22
• LG has set up research and development facilities in
India at Bangalore and is in the process of setting up
another at Pune.
• Both the units carry out R&D work for the domestic
market as well as for the parent company. It also does
customised R&D for specific countries to which it
exports products.
23
• Wide range of products to serve all categories.
• Widest distribution network in the world.
• Good after sales service offered.
• Market leader in home appliances.
24
• Fast growth of the home appliances market
• Global recession
25
• LG is an emerging player Direct competition with Samsung,
owing to similar user perception
26