The Year LG Was Established The transnational company, LG (Life’s Good), was originally established in 1958 as Gold Star. LG was a merge of two different companies, Lucky, and Gold Star, from which derived the abbreviation of LG. The current “Life’s Good” slogan was purposely phrased.
The Different Types Of Products (LG) LG is high-tech industry that sells and produces many different kinds of products. Also, the company has expanded its business divisions threw out the yearsThe products LG produces in the year 2011… ARE :• Plasma TV’s• LCD TV’s• USB memories• Computers/Laptops• Home theater systems• MP3 players• DVD recorders
Historical Development Of The Brand (LG) 2011 LG LCD TV 1958 Head Quarters 2011 Head Quarters in in Korea Seoul Korea 1956 first LG radio 2011 LG radio 1980 LG T.V
LG Head OfficeThe LG head office is in South Korea in the city Seoul.
The First Production SiteThe first production site of LG was in Seoul, Korea.
USA CANADA JAPAN KOREAThe Main Sites Around The WorldWhich Are Currently Producing LG
The Role Of Technology In LG’s GlobalExpansion Process LG plays a huge role in the global expansion of their product. LG makes sure that their customer service is at a very high level, because the worst thing that would ever happen to a transnational company is a bad reputation. LG also tries to use funny advertisements to grab people’s attention, and they have been very successful in that. Like this http://www.youtube.com/watch?NR=1&v=HudSMfL4moc LG also commercialize their products using newspaper, magazines, billboards and some times even in movies.
Why Is LG A SuccessfulBrand? Most of the reason why LG is so successful is because of its ability to attract the market. Also, the fact that it is a TNC means it is globally selling products at an incredible rate of speed. Furthermore, this comes back to advertisement by commercializing there products using different types of media to attract their customers. LG is very smart in choosing the specifications that they would include in each product to attract their customers.
Bibliography"LG.com - History of the LG.com Domain and Website by VB.com." VB.com - VirtualBanks - Discover the World of Finance. Web. 29 Sept. 2011. http://www.vb.com/lg.htm."LG History | LG Electronics Global." LG Electronics USA. Web. 29 Sept. 2011.http://www.lg.com/global/about-lg/corporate-information/at-a-glance/history.jsp"LG Electronics." Wikipedia, the Free Encyclopedia. Web. 29 Sept. 2011.http://en.wikipedia.org/wiki/LG_Electronics"LG Product - LG Refrigerator, Washer Dryer, LG Washing Machine and LG Dish WasherDistributor & Wholesaler." IndiaMART - Indian Manufacturers Suppliers ExportersDirectory,India B2B Exporter Manufacturer. Web. 29 Sept. 2011.<http://www.indiamart.com/shribalaji-enterprises/lg-product.html>."What Types of Products Does the Company Lg Make." The Q&A Wiki. Web. 29 Sept.2011.<http://wiki.answers.com/Q/What_types_of_products_does_the_company_lg_make>.