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Transcript of LG Electronics
LG is a multinational company and a recognized brand around the world.
LG products are reliable, easy to use, and have simple designs
In LG Corporation the research and development has given greater importance
LG try to keep products innovative to attract the customers and to capture more market share.
LG is at its growing stage and its growing quickly.
The big weakness of LG is that it has very few competent employees mostly are not skilled and also there is no training and development concern for employees.
The electronic market is expanding rapidly
Through the innovation in existing products it can attract more customers
As the competitors of LG are more dominant in the market and continuously improving their products
The condition of economy all around the world is not good and it is affecting the purchasing power and priorities of the customers, people are facing difficulties in satisfying basic and needs so how they can spend on electronics which is considered as luxury items.