Sony is a Japanese multinational conglomerate corporation founded in 1946. The document outlines Sony's history, mission, vision, SWOT analysis, product range, achievements and competitors. It discusses Sony's focus on communications, home electronics, content and services, and goal of becoming a broadband entertainment company through vertical integration and applying technology.
Innovation Audit, Porter's Generic Strategy, Innovative Processes, Blue ocean Strategy, Lock-in Strategy, Kolb's Learning Cycle on Sony Playstation models.
Innovation Audit, Porter's Generic Strategy, Innovative Processes, Blue ocean Strategy, Lock-in Strategy, Kolb's Learning Cycle on Sony Playstation models.
Analysis of Sony Corp.
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It is a descriptive presentation of Sony's marketing strategies. All you need to know about the strategies of Sony corporation is here in this small presentation.
Analysis of Sony Corp.
To get a copy of this report, share your views about the document with your email id in Comments section... I keep on updating my presentations and documents. To ensure that you don't miss any update or new uploads don't forget to press the "FOLLOW" and "LIKE" button. You can also mail me at manigarg21@gmail.com
It is a descriptive presentation of Sony's marketing strategies. All you need to know about the strategies of Sony corporation is here in this small presentation.
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Running head: SONY 1
Sony 2
Sony
Name
Institutional Affiliation
Sony
Executive Summary
Sony being a multinational company needs to pursue better IT strategies and planning so that it can staple its authority in the technological industry. It should also consider diversifying its operations and incorporating an efficient Research and Development strategy to come up with the best and most profound technologies in the market both in its software and hardware components. Studying the risks and challenges, the study views that the market is very competitive and the conclusion should be to incorporate a rigid IT strategy that will repel competition from other big players in the market such as Apple and Samsung but its innovation spirit should remain intact.
Business Goals and Objectives
Sony Corporation, one of the largest Japanese conglomerates that have its headquarters in Tokyo is a diversified business that primarily deals with electronics, entertainment and games and is ranked as one of the leading electronic companies in the world. This study will carry out an explicit analysis on this company with the aim of unearthing the business goals for the company in the next two years and some of the IT infrastructure and strategies that have contributed to its immense success.
Specific business goals for the next two years with an explanation of the business’ rationale for the goal
There has been increasing losses in the company in the recent years and Sony has projected to cut over 10000 jobs in order to thwart and mitigate these loses. 2011 for instance the losses had a sharp increase from $2.7billion to $4.6billion.
There are also plans to reduce the number of TV Screens in the next two years. This will give the company the opportunity to focus on other electronic devices for instance games, mobile electronics and digital cameras (Asakura, 2005). The new president and CEO of the company held a press conference recently and reinstated that the most urgent and vital goal for Sony at the moment was to rebuild and grow the electronic business to escalating heights.
Objectives for each business goal that explain what the company needs to do to achieve its goals
There has been raging debate on whether cutting jobs is the most viable solution for averting the losses that are been experienced today since this move may have some undesired consequences in the future. This has triggered controversy across the business circles with some asserting that it may dwindle the investors’ confidence and would also be nerve cracking for anyone who hears the news. Some business however, feel that this is the best move for the company and that it is a necessity today to avoid more losses in the future since i.
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3. INTRODUCTION
Type : Public
Founded : 1946
Founder : Masaru Ibuka Akio Morita
Name Created : By combining “Sonus”(Sound
and Sonic) and “Sonny”(Little
Son)
Headquarter : Japan
Area Served : Worldwide
Industry : Consumer Electronics
Entertainment
Website : sony.net
4. HISTORY
1946 – Establishment of Tokyo Telecommunication
Engineering Corporation and Electronic Rice Cooker
was innovated by Masaru Ibuka
First Japanese Tape Recorder
1960, American Branch Sonam (Sony Corporation of
America)
Leading Manufacturer of Audio, Video, Communication
and information technology products
5. WHY SONY ?
They have a stability of a public traded company
Multiple medical plans to fit each employees needs
Extensive training
Clearly stated purpose and desired result
Comprehension vision coverage
Long – term disability coverage
Flexible spending accounts
6. Strategy and Organization
• Continue to focus on communications and home
electric appliances, but also content and services
• Vertically integrated business
• Vision is to become a broadband entertainment
company
• Product-Market Strategy: Apply IT to product design,
production, distribution, and sales
7. MISSION
“To experience the joy of advancing and applying technology for the
benefit of the public.”
vision
“To create exiting new digital entertainment experiences for
consumer by bringing together cutting – edge product with latest
generation content and services.”
8. Threats:
Competitors competition
Global economic recession
Electronic network security
Greening Standard Compliance
Strength’s:
Innovation
Quality
Brand strength
Product differentiation
Wide cover spectrum over
multiple market
Weakness:
Maintaining multiple function
International expansion
Product pricing
Picture industry
Financial service industry
Corporate Governance
Opportunities:
“Asset Light” strategy
T.V. category & gaming
segment investing
T.V. Business expansion
Network initiative
International market penetration
9. Product range
Television & Projectors
Home Threats System
Digital Photography
Financial services
Computer peripheral
Movies & video
equipments
Game consoles
Mobile Phones &
Music
Others Accessories
10. Achievements
“Sony World Photography Award Photographer of the year” –
2012
“Top Performer” – 2008
“Rep of the year” – 2008
Sony Electronics – “Top performance Awards”
13. CONCLUSION
Although other electronics firms are taking market shares and
profits, the innovative spirit and quest of excellence and
perfection cannot be copied.
Sony’s main task is to integrate its talent by placing common
goals and priority for this increasing competitive market.
With strategy and luck, Sony could become a great firm as it
was and will be.