SlideShare uma empresa Scribd logo
1 de 11
LG Electronics PR Campaign
Summary
Tashia Lynn Bramhan
므라멘 나샤 넨
COMPANY BACKGROUND
 Founded by Koo In-Hwoi on Oct 1, 1958 in Seoul, S. Korea
 Initial name GoldStar, later changed to LG Electronics, Inc. Jan 1, 1995
 Employs over 83,000 employees
 2014 global sales ended at 55.91 billion USD
 Comprised of 4 business divisions:
 Home Entertainment
 Mobile Communications
 Home Appliance & Air Solution
 Vehicle Components
CURRENT MARKET SHARE
 North America-smartphones-16.3%
 South Korea-smartphones-29% (increase of 65% from previous quarter)
 Global market share-washing machines-12.4%(U.S.-14.7%)-7 straight years
maintained #1 market position
COMPETITION
SWOT ANALYSIS
 Strengths:
 Global leader & technology innovator in consumer electronics, mobile communications &
home appliances
 ROE increased by 56% over 1 year period
 Held highest market share in North America for mobile handsets
 2014 winner of 35 awards at International Consumer Electronics Show
 Weaknesses:
 Tax law changes geographically
 Changes in foreign exchange rate & exportation regulations
 Lackluster customer service in the North American region
 Consumerism
SWOT ANALYSIS continued….
 Opportunities:
 Introduce successful products from Korean/Asian market to other regions
 Increase brand presence by resolving to change public perception in North America
 Threats:
 Global economic conditions
 Market saturation
 Tax law changes
 Foreign exchange rate fluctuation
SITUATION ANALYSIS
Customer service training needs to be revised per consistent consumer
complaints in the North American region.
CAMPAIGN GOAL
 Realign public perception of LGE in differential brand positioning
 Create company transparency for customers in North American region
OBJECTIVES
 Revise current customer service training to be updated yearly
 Increase consumer trust by 5% in 3 months.
 Raise brand position to #2 in 6 months.
STRATEGIES & TACTICS
Strategy: North American employees receive revised CS training 1st
Tactic:
1. CS research for 2 weeks to revise current program
2. Mock testing of after revision.
3. Implementation of new program North America
4. Implementation of new program remaining LGE regions
Strategy: Promote LGE as family company that cares for employees and consumers
Tactic:
1. Establish “Never say No to customers” rule
2. Issue press release to show CS training revisions and successes
3. Utilize social media extensively
STRATEGIES & TACTICS continued….
Strategy: Alleviate North American consumer concerns via measures of revised
customer services to support them
Tactic:
1. Invite past disgruntled consumers to mock testing phase
2. Create JIT with local contractors.
3. Recruit for sufficient CS measures and full coverage
BUDGET
Detail Per Item Cost Total Projected Actual Projected
Key Public North American Employees
Strategy North American division employee retraining on customer service.
Tactics Revise in-house training program HR & Research execs to conduct & create $ - $ - $ -
Revise in-house web-based training program for remote locations HR & IT Personnel to create & implement $ - $ - $ -
Internal mock testing HR & sample N.A. employees $ - $ - $ -
External mock testing HR & sample outside N.A. employees $ - $ - $ -
Training program implementation-North America division Internal interdepartmental cost $ 25.00 $ 125,000 $ 150,000
Training program implementation-remaining geographical LGE divisions Internal interdepartmental global cost $ 25.00 $ 1,950,000 $ 2,000,000
Key Public North American Retailers
Strategy Brand re-positioning in North American division
Tactics Make company relatable to retailers via brand promotion and benefits
Communications via cloud link set for retailers No cost $ - $ - $ -
Execute in-store meetings for brand placement and/or display No cost if visiting local retailers per region $ - $ - $ -
Press release via PR Newswire No cost, free to join and outlet to thousands of news platforms $ - $ - $ -
Key Public North American Consumers
Strategy Total LGE brand transparency
Tactics Release specs on "Never Say No" rule to media via Facebook No Cost $ - $ - $ -
Release specs on "Never Say No" rule to media via LinkedIn No Cost $ - $ - $ -
Release specs on "Never Say No" rule to media via PR Newswire No Cost $ - $ - $ -
Establish JIT with local vendors
Clear and concise contract recognizing and agreeing to LGE standards of superior customer service
Securing a contract with an independent contractor is year. Upon evaluation of
performance by customer(s), contract can be renewed on a yearly basis. $ - $ - $ -
Keep database of local contractors verifying time availability and service offered for exact customer match No Cost $ - $ - $ -
Random mock testing of newly established customer service training practices
Selection of past random dissatisfied customers ageeing to assist with test
Email up to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00
Phone up to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00
Send letter via tradional mail to 100 customers for customer testing $.49 per 1 ounce letter * 100 customers $ 0.49 $ 49.00 $ 10,049.00
Send text message to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00
Establish recruitment measures for necessary customer service coverage
Post employment positions via LinkedIn No Cost $ - $ - $ -
Post employment positions via local classified media Careerbuilder online posting-$8,000 per 50 jobs $ 160.00 $ 8,000 $ 160,000
Plan Totals $ 510.49 $ 2,113,049.00 $ 200,049.00
Total cost excludes
interdepartmental costs as
those are moved from all cost
centers to HR .
CONCLUSION
In order for LG Electronics to be the global leader & technology innovator in
consumer electronics, mobile communications & home appliances, you must first
concentrate on the capabilities of your employees. You can have the best
products on the market but without “superior” customer service practices in
place, failure comes and/or brand positioning falls to your competitors.
Employees trained in providing the utmost in customer services wins and retains
consumers who will support you through product faults!

Mais conteúdo relacionado

Mais procurados

Lg electronics india pvt
Lg electronics india pvtLg electronics india pvt
Lg electronics india pvtmadhurisakpal
 
LG Marketing Case Study
LG Marketing Case Study LG Marketing Case Study
LG Marketing Case Study Ankit Sen
 
Product Plan - LG TV
Product Plan - LG TV Product Plan - LG TV
Product Plan - LG TV Seb Sear
 
Consumer behaviour towards lg television
Consumer behaviour towards lg televisionConsumer behaviour towards lg television
Consumer behaviour towards lg televisionMANISH KUMAR
 
Strategy analysis of lg
Strategy analysis of lgStrategy analysis of lg
Strategy analysis of lgsarthak omer
 
consumer preference and satisfaction towards lg products in coimbatore city
consumer preference and satisfaction towards lg products in coimbatore cityconsumer preference and satisfaction towards lg products in coimbatore city
consumer preference and satisfaction towards lg products in coimbatore cityJagadeeswaran Muniappan
 
marketing of lG Scarlet
marketing of lG Scarletmarketing of lG Scarlet
marketing of lG Scarletgopesh maurya
 
product mix of lg electronics
product mix of lg electronicsproduct mix of lg electronics
product mix of lg electronicsAayushi Jain
 
50085245 final-project-of-lg-tv-2009-110919132403-phpapp01
50085245 final-project-of-lg-tv-2009-110919132403-phpapp0150085245 final-project-of-lg-tv-2009-110919132403-phpapp01
50085245 final-project-of-lg-tv-2009-110919132403-phpapp01vinothp2k
 
LG India Brand Report
LG India Brand ReportLG India Brand Report
LG India Brand Reportgautam_sunil
 
Lg company facts presentation
Lg company facts presentationLg company facts presentation
Lg company facts presentationchaithu reddy
 
Television marketing
Television marketingTelevision marketing
Television marketingKumud Goel
 

Mais procurados (20)

Marketing management
Marketing managementMarketing management
Marketing management
 
Brand analysis of LG
Brand analysis of LGBrand analysis of LG
Brand analysis of LG
 
Lg
LgLg
Lg
 
Lg marketing mix
Lg marketing mixLg marketing mix
Lg marketing mix
 
Lg electronics india pvt
Lg electronics india pvtLg electronics india pvt
Lg electronics india pvt
 
LG Marketing Case Study
LG Marketing Case Study LG Marketing Case Study
LG Marketing Case Study
 
Lg.india
Lg.indiaLg.india
Lg.india
 
Product Plan - LG TV
Product Plan - LG TV Product Plan - LG TV
Product Plan - LG TV
 
Consumer behaviour towards lg television
Consumer behaviour towards lg televisionConsumer behaviour towards lg television
Consumer behaviour towards lg television
 
Strategy analysis of lg
Strategy analysis of lgStrategy analysis of lg
Strategy analysis of lg
 
consumer preference and satisfaction towards lg products in coimbatore city
consumer preference and satisfaction towards lg products in coimbatore cityconsumer preference and satisfaction towards lg products in coimbatore city
consumer preference and satisfaction towards lg products in coimbatore city
 
marketing of lG Scarlet
marketing of lG Scarletmarketing of lG Scarlet
marketing of lG Scarlet
 
product mix of lg electronics
product mix of lg electronicsproduct mix of lg electronics
product mix of lg electronics
 
50085245 final-project-of-lg-tv-2009-110919132403-phpapp01
50085245 final-project-of-lg-tv-2009-110919132403-phpapp0150085245 final-project-of-lg-tv-2009-110919132403-phpapp01
50085245 final-project-of-lg-tv-2009-110919132403-phpapp01
 
LG Presentation UG Project
LG Presentation UG ProjectLG Presentation UG Project
LG Presentation UG Project
 
LG India Brand Report
LG India Brand ReportLG India Brand Report
LG India Brand Report
 
Lg corporate story
Lg corporate storyLg corporate story
Lg corporate story
 
Before content
Before contentBefore content
Before content
 
Lg company facts presentation
Lg company facts presentationLg company facts presentation
Lg company facts presentation
 
Television marketing
Television marketingTelevision marketing
Television marketing
 

Destaque

Narendra modi PR campaign
Narendra modi PR campaign Narendra modi PR campaign
Narendra modi PR campaign Priyal Lalka
 
Pr Police Campaign
Pr Police CampaignPr Police Campaign
Pr Police Campaignadillini08
 
McDonald's online campaign
McDonald's online campaignMcDonald's online campaign
McDonald's online campaignChunTingHsu
 
Pr campaign of newspaper launch
Pr campaign of newspaper launchPr campaign of newspaper launch
Pr campaign of newspaper launchSuyasha Tamore
 
PR Campaigns Operation Catnip of Gainesville
PR Campaigns Operation Catnip of GainesvillePR Campaigns Operation Catnip of Gainesville
PR Campaigns Operation Catnip of Gainesvilleracheleraddatz
 
PR campaign for public museums in Sofia
PR campaign for public museums in SofiaPR campaign for public museums in Sofia
PR campaign for public museums in SofiaKalina Petkova
 
Puss in Boots PR Campaign
Puss in Boots PR CampaignPuss in Boots PR Campaign
Puss in Boots PR Campaignhigh-streetenvy
 
Aiim - AM09 - "Share a coke 2014" campaign
Aiim - AM09 - "Share a coke 2014" campaignAiim - AM09 - "Share a coke 2014" campaign
Aiim - AM09 - "Share a coke 2014" campaignThảo Lý
 
PR campaign for National liver foundation
PR campaign for National liver foundationPR campaign for National liver foundation
PR campaign for National liver foundationTasneem Jariwala
 
PR campaign -The Extension of Heathrow Airport- Yes
PR campaign -The Extension of Heathrow Airport- YesPR campaign -The Extension of Heathrow Airport- Yes
PR campaign -The Extension of Heathrow Airport- YesM Sobahan, MBA(UK)
 
The Hunger Games: Catching Fire PR Campaign Proposal
The Hunger Games: Catching Fire PR Campaign ProposalThe Hunger Games: Catching Fire PR Campaign Proposal
The Hunger Games: Catching Fire PR Campaign ProposalMaria Garner
 
Public Relations (PR Campaign) Against Animal Abuse
Public Relations (PR Campaign) Against Animal AbusePublic Relations (PR Campaign) Against Animal Abuse
Public Relations (PR Campaign) Against Animal AbuseSanchit
 
LG ELECTRONICS
LG ELECTRONICSLG ELECTRONICS
LG ELECTRONICSSIVA PRIYA
 
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)LG Electronics: Global Strategy in Emerging Markets (Case Analysis)
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)Kaziranga University.
 

Destaque (20)

Narendra modi PR campaign
Narendra modi PR campaign Narendra modi PR campaign
Narendra modi PR campaign
 
Uber PR Campaign 2014
Uber PR Campaign 2014Uber PR Campaign 2014
Uber PR Campaign 2014
 
Pr Police Campaign
Pr Police CampaignPr Police Campaign
Pr Police Campaign
 
McDonald's online campaign
McDonald's online campaignMcDonald's online campaign
McDonald's online campaign
 
PR Campaign
PR Campaign PR Campaign
PR Campaign
 
Pr campaign of newspaper launch
Pr campaign of newspaper launchPr campaign of newspaper launch
Pr campaign of newspaper launch
 
PR Campaigns Operation Catnip of Gainesville
PR Campaigns Operation Catnip of GainesvillePR Campaigns Operation Catnip of Gainesville
PR Campaigns Operation Catnip of Gainesville
 
PR campaign for public museums in Sofia
PR campaign for public museums in SofiaPR campaign for public museums in Sofia
PR campaign for public museums in Sofia
 
Puss in Boots PR Campaign
Puss in Boots PR CampaignPuss in Boots PR Campaign
Puss in Boots PR Campaign
 
Aiim - AM09 - "Share a coke 2014" campaign
Aiim - AM09 - "Share a coke 2014" campaignAiim - AM09 - "Share a coke 2014" campaign
Aiim - AM09 - "Share a coke 2014" campaign
 
PR campaign for National liver foundation
PR campaign for National liver foundationPR campaign for National liver foundation
PR campaign for National liver foundation
 
PR campaign -The Extension of Heathrow Airport- Yes
PR campaign -The Extension of Heathrow Airport- YesPR campaign -The Extension of Heathrow Airport- Yes
PR campaign -The Extension of Heathrow Airport- Yes
 
The Hunger Games: Catching Fire PR Campaign Proposal
The Hunger Games: Catching Fire PR Campaign ProposalThe Hunger Games: Catching Fire PR Campaign Proposal
The Hunger Games: Catching Fire PR Campaign Proposal
 
Refrigerator
RefrigeratorRefrigerator
Refrigerator
 
Public Relations (PR Campaign) Against Animal Abuse
Public Relations (PR Campaign) Against Animal AbusePublic Relations (PR Campaign) Against Animal Abuse
Public Relations (PR Campaign) Against Animal Abuse
 
Samsung VS Apple
Samsung VS Apple Samsung VS Apple
Samsung VS Apple
 
Samsung swot analysis 2017
Samsung swot analysis 2017Samsung swot analysis 2017
Samsung swot analysis 2017
 
LG ELECTRONICS
LG ELECTRONICSLG ELECTRONICS
LG ELECTRONICS
 
PR Campaign
PR CampaignPR Campaign
PR Campaign
 
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)LG Electronics: Global Strategy in Emerging Markets (Case Analysis)
LG Electronics: Global Strategy in Emerging Markets (Case Analysis)
 

Semelhante a LG Electronics PR Campaign

Eureka Forbes Group 3
Eureka Forbes Group 3Eureka Forbes Group 3
Eureka Forbes Group 3iamin7777
 
Mikaili Lilly
Mikaili LillyMikaili Lilly
Mikaili LillyFNian
 
Klinowski, William Resume 3.15.16
Klinowski, William Resume 3.15.16Klinowski, William Resume 3.15.16
Klinowski, William Resume 3.15.16Bill Klinowski
 
5 Things A Company Must Do Now in a Slowing Economy
5 Things A Company Must Do Now in a Slowing Economy5 Things A Company Must Do Now in a Slowing Economy
5 Things A Company Must Do Now in a Slowing EconomyRon Chandler
 
5 Things A Company Must Do Summary Version
5 Things A Company Must Do Summary Version5 Things A Company Must Do Summary Version
5 Things A Company Must Do Summary Versionjshumway2009
 
Mastering click to-call to capture more customers and revenue
Mastering click to-call to capture more customers and revenueMastering click to-call to capture more customers and revenue
Mastering click to-call to capture more customers and revenueInvoca
 
Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you Leads Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you Leads Surefire Local
 
Multichannel Retention Strategies: A Steady Diet of Low Hanging Fruit
Multichannel Retention Strategies: A Steady Diet of Low Hanging FruitMultichannel Retention Strategies: A Steady Diet of Low Hanging Fruit
Multichannel Retention Strategies: A Steady Diet of Low Hanging FruitVivastream
 
Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you LeadsPowerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you LeadsChristopher Marentis
 
Klinowski, william resume 3.17.16
Klinowski, william resume 3.17.16Klinowski, william resume 3.17.16
Klinowski, william resume 3.17.16Bill Klinowski
 
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”InfoCision Management Corporation
 
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANI
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANIEstudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANI
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANILiderAgenteDeCambio
 
11 Tips From the Front Lines
11 Tips From the Front Lines11 Tips From the Front Lines
11 Tips From the Front LinesVivastream
 
Marketing Mix Models In a Changing Environment
Marketing Mix Models In a Changing EnvironmentMarketing Mix Models In a Changing Environment
Marketing Mix Models In a Changing EnvironmentAquent
 
Building a Successful Cloud and Mobility Practice
Building a Successful Cloud and Mobility PracticeBuilding a Successful Cloud and Mobility Practice
Building a Successful Cloud and Mobility PracticeIngram Micro Cloud
 
Indirect Plan
Indirect PlanIndirect Plan
Indirect Planrfucci
 
Marketing ROI Measurement & Case Study for Telecom
Marketing ROI Measurement & Case Study for TelecomMarketing ROI Measurement & Case Study for Telecom
Marketing ROI Measurement & Case Study for TelecomMichael Wolfe
 
NIBC 2016 _ Undergraduate _ UBCPMG _ PDF
NIBC 2016 _ Undergraduate _ UBCPMG _ PDFNIBC 2016 _ Undergraduate _ UBCPMG _ PDF
NIBC 2016 _ Undergraduate _ UBCPMG _ PDFTrevor Frison
 

Semelhante a LG Electronics PR Campaign (20)

Eureka Forbes Group 3
Eureka Forbes Group 3Eureka Forbes Group 3
Eureka Forbes Group 3
 
Mikaili Lilly
Mikaili LillyMikaili Lilly
Mikaili Lilly
 
Klinowski, William Resume 3.15.16
Klinowski, William Resume 3.15.16Klinowski, William Resume 3.15.16
Klinowski, William Resume 3.15.16
 
5 Things A Company Must Do Now in a Slowing Economy
5 Things A Company Must Do Now in a Slowing Economy5 Things A Company Must Do Now in a Slowing Economy
5 Things A Company Must Do Now in a Slowing Economy
 
5 Things A Company Must Do Summary Version
5 Things A Company Must Do Summary Version5 Things A Company Must Do Summary Version
5 Things A Company Must Do Summary Version
 
David M Patrick Resume
David M Patrick ResumeDavid M Patrick Resume
David M Patrick Resume
 
Mastering click to-call to capture more customers and revenue
Mastering click to-call to capture more customers and revenueMastering click to-call to capture more customers and revenue
Mastering click to-call to capture more customers and revenue
 
Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you Leads Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you Leads
 
Multichannel Retention Strategies: A Steady Diet of Low Hanging Fruit
Multichannel Retention Strategies: A Steady Diet of Low Hanging FruitMultichannel Retention Strategies: A Steady Diet of Low Hanging Fruit
Multichannel Retention Strategies: A Steady Diet of Low Hanging Fruit
 
Powerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you LeadsPowerful PPC Tactics that get you Leads
Powerful PPC Tactics that get you Leads
 
Klinowski, william resume 3.17.16
Klinowski, william resume 3.17.16Klinowski, william resume 3.17.16
Klinowski, william resume 3.17.16
 
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”
“Who's Calling? Customizing the Caller Experience to Feed the Bottom Line”
 
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANI
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANIEstudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANI
Estudio: "Detrás de un Intraemprendedor Social". -MILAN SAMANI
 
Marketing game
Marketing gameMarketing game
Marketing game
 
11 Tips From the Front Lines
11 Tips From the Front Lines11 Tips From the Front Lines
11 Tips From the Front Lines
 
Marketing Mix Models In a Changing Environment
Marketing Mix Models In a Changing EnvironmentMarketing Mix Models In a Changing Environment
Marketing Mix Models In a Changing Environment
 
Building a Successful Cloud and Mobility Practice
Building a Successful Cloud and Mobility PracticeBuilding a Successful Cloud and Mobility Practice
Building a Successful Cloud and Mobility Practice
 
Indirect Plan
Indirect PlanIndirect Plan
Indirect Plan
 
Marketing ROI Measurement & Case Study for Telecom
Marketing ROI Measurement & Case Study for TelecomMarketing ROI Measurement & Case Study for Telecom
Marketing ROI Measurement & Case Study for Telecom
 
NIBC 2016 _ Undergraduate _ UBCPMG _ PDF
NIBC 2016 _ Undergraduate _ UBCPMG _ PDFNIBC 2016 _ Undergraduate _ UBCPMG _ PDF
NIBC 2016 _ Undergraduate _ UBCPMG _ PDF
 

Mais de 타샤 렌 브라멘

Mais de 타샤 렌 브라멘 (9)

Home for heroes media plan
Home for heroes media planHome for heroes media plan
Home for heroes media plan
 
Home for heroes media plan
Home for heroes media planHome for heroes media plan
Home for heroes media plan
 
Dominos Direct-Indirect Marketing Proposal
Dominos Direct-Indirect Marketing ProposalDominos Direct-Indirect Marketing Proposal
Dominos Direct-Indirect Marketing Proposal
 
Sodexo Korea
Sodexo KoreaSodexo Korea
Sodexo Korea
 
Dunkin Donuts Social Media Plan
Dunkin Donuts Social Media PlanDunkin Donuts Social Media Plan
Dunkin Donuts Social Media Plan
 
Dominos Direct-Indirect Marketing Proposal
Dominos Direct-Indirect Marketing ProposalDominos Direct-Indirect Marketing Proposal
Dominos Direct-Indirect Marketing Proposal
 
Samsung MRP
Samsung MRPSamsung MRP
Samsung MRP
 
SkinnyPop Brand Audit
SkinnyPop Brand AuditSkinnyPop Brand Audit
SkinnyPop Brand Audit
 
Pearl S Buck-IMC Plan
Pearl S Buck-IMC PlanPearl S Buck-IMC Plan
Pearl S Buck-IMC Plan
 

LG Electronics PR Campaign

  • 1. LG Electronics PR Campaign Summary Tashia Lynn Bramhan 므라멘 나샤 넨
  • 2. COMPANY BACKGROUND  Founded by Koo In-Hwoi on Oct 1, 1958 in Seoul, S. Korea  Initial name GoldStar, later changed to LG Electronics, Inc. Jan 1, 1995  Employs over 83,000 employees  2014 global sales ended at 55.91 billion USD  Comprised of 4 business divisions:  Home Entertainment  Mobile Communications  Home Appliance & Air Solution  Vehicle Components
  • 3. CURRENT MARKET SHARE  North America-smartphones-16.3%  South Korea-smartphones-29% (increase of 65% from previous quarter)  Global market share-washing machines-12.4%(U.S.-14.7%)-7 straight years maintained #1 market position COMPETITION
  • 4. SWOT ANALYSIS  Strengths:  Global leader & technology innovator in consumer electronics, mobile communications & home appliances  ROE increased by 56% over 1 year period  Held highest market share in North America for mobile handsets  2014 winner of 35 awards at International Consumer Electronics Show  Weaknesses:  Tax law changes geographically  Changes in foreign exchange rate & exportation regulations  Lackluster customer service in the North American region  Consumerism
  • 5. SWOT ANALYSIS continued….  Opportunities:  Introduce successful products from Korean/Asian market to other regions  Increase brand presence by resolving to change public perception in North America  Threats:  Global economic conditions  Market saturation  Tax law changes  Foreign exchange rate fluctuation
  • 6. SITUATION ANALYSIS Customer service training needs to be revised per consistent consumer complaints in the North American region.
  • 7. CAMPAIGN GOAL  Realign public perception of LGE in differential brand positioning  Create company transparency for customers in North American region OBJECTIVES  Revise current customer service training to be updated yearly  Increase consumer trust by 5% in 3 months.  Raise brand position to #2 in 6 months.
  • 8. STRATEGIES & TACTICS Strategy: North American employees receive revised CS training 1st Tactic: 1. CS research for 2 weeks to revise current program 2. Mock testing of after revision. 3. Implementation of new program North America 4. Implementation of new program remaining LGE regions Strategy: Promote LGE as family company that cares for employees and consumers Tactic: 1. Establish “Never say No to customers” rule 2. Issue press release to show CS training revisions and successes 3. Utilize social media extensively
  • 9. STRATEGIES & TACTICS continued…. Strategy: Alleviate North American consumer concerns via measures of revised customer services to support them Tactic: 1. Invite past disgruntled consumers to mock testing phase 2. Create JIT with local contractors. 3. Recruit for sufficient CS measures and full coverage
  • 10. BUDGET Detail Per Item Cost Total Projected Actual Projected Key Public North American Employees Strategy North American division employee retraining on customer service. Tactics Revise in-house training program HR & Research execs to conduct & create $ - $ - $ - Revise in-house web-based training program for remote locations HR & IT Personnel to create & implement $ - $ - $ - Internal mock testing HR & sample N.A. employees $ - $ - $ - External mock testing HR & sample outside N.A. employees $ - $ - $ - Training program implementation-North America division Internal interdepartmental cost $ 25.00 $ 125,000 $ 150,000 Training program implementation-remaining geographical LGE divisions Internal interdepartmental global cost $ 25.00 $ 1,950,000 $ 2,000,000 Key Public North American Retailers Strategy Brand re-positioning in North American division Tactics Make company relatable to retailers via brand promotion and benefits Communications via cloud link set for retailers No cost $ - $ - $ - Execute in-store meetings for brand placement and/or display No cost if visiting local retailers per region $ - $ - $ - Press release via PR Newswire No cost, free to join and outlet to thousands of news platforms $ - $ - $ - Key Public North American Consumers Strategy Total LGE brand transparency Tactics Release specs on "Never Say No" rule to media via Facebook No Cost $ - $ - $ - Release specs on "Never Say No" rule to media via LinkedIn No Cost $ - $ - $ - Release specs on "Never Say No" rule to media via PR Newswire No Cost $ - $ - $ - Establish JIT with local vendors Clear and concise contract recognizing and agreeing to LGE standards of superior customer service Securing a contract with an independent contractor is year. Upon evaluation of performance by customer(s), contract can be renewed on a yearly basis. $ - $ - $ - Keep database of local contractors verifying time availability and service offered for exact customer match No Cost $ - $ - $ - Random mock testing of newly established customer service training practices Selection of past random dissatisfied customers ageeing to assist with test Email up to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00 Phone up to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00 Send letter via tradional mail to 100 customers for customer testing $.49 per 1 ounce letter * 100 customers $ 0.49 $ 49.00 $ 10,049.00 Send text message to 100 customers on testing Cost associated with incentive given for participation in testing $ 100.00 $ 10,000.00 $ 10,000.00 Establish recruitment measures for necessary customer service coverage Post employment positions via LinkedIn No Cost $ - $ - $ - Post employment positions via local classified media Careerbuilder online posting-$8,000 per 50 jobs $ 160.00 $ 8,000 $ 160,000 Plan Totals $ 510.49 $ 2,113,049.00 $ 200,049.00 Total cost excludes interdepartmental costs as those are moved from all cost centers to HR .
  • 11. CONCLUSION In order for LG Electronics to be the global leader & technology innovator in consumer electronics, mobile communications & home appliances, you must first concentrate on the capabilities of your employees. You can have the best products on the market but without “superior” customer service practices in place, failure comes and/or brand positioning falls to your competitors. Employees trained in providing the utmost in customer services wins and retains consumers who will support you through product faults!

Notas do Editor

  1. The major competitors of the LGE brand are Samsung who also started in Seoul, S. Korea, Apple founded by Steve Jobs & Steven Wozniak in 1976 and Whirlpool Corporation founded by Lou Upton & family in 1911.
  2. For consumerism, consumers may have less disposable income to cover household needs which could affect their purchasing habits.
  3. Global economic conditions can either be a recession or depression. Competitors may be creating and/or selling the same type of product you have.
  4. Current customer trust in the LGE brand for the North American region is mixed but mostly there is a lot of complaints floating around. The main area of concern is customer service provided by LGE which currently weakens their hold in the North American region. Rebuilding and/or earning the trust of the public through PR efforts is the main goal of re-establishing the brand in its’ quest for global brand positioning.
  5. The last visual is provided to capture what LGE stands for and what they lack in the North American region.