Tnc lg
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LG (Life's Good) was established in 1958 through the merger of two Korean companies, Lucky and Gold Star. It is headquartered in Seoul, South Korea and is a large multinational consumer electronics company. LG produces a wide range of products including TVs, computers, home appliances, and more. Through strategic advertising and expanding its production facilities around the world, LG has become a successful global brand.
Tnc lg
- 1. By: Youssef Rashad & Abdulla Al-Hendi 9BLUCKY GOLDSTAR (LG)
- 2. The Year LG Was EstablishedThe transnational company, LG (Lifes 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 Lifes Good slogan was purposely phrased.
- 3. 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 TVs
- 4. LCD TVs
- 5. USB memories
- 8. MP3 players
- 9. DVD recordersHistorical Development Of The Brand (LG)1958 Head Quarters in Korea2011 Head Quarters in Seoul Korea2011 LG LCD TV1956 first LG radio 2011 LG radio1980 LG T.V
- 10. LG Head OfficeThe LG head office is in Korea in the city Seoul.
- 11. The First Production Site The first production site of LG was in Seoul, Korea.
- 12. USACANADAJAPANKOREAThe Main Sites Around The World Which Are Currently Producing LG
- 13. The Role Of Technology In LGs Global Expansion ProcessLG 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 peoples attention, and they have been very successful in that. Like this http://www.youtube.com/watch?NR=1&v=HudSMfL4mocLG also commercialize their products using newspaper, magazines and some times in movies.
- 14. Why Is LG A Successful Brand?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.
- 15. Bibliography"LG.com - History of the LG.com Domain and Website by VB.com." VB.com - Virtual Banks - 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 Washer Distributor & Wholesaler." IndiaMART - Indian Manufacturers Suppliers Exporters Directory,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>.