Case Categories

Blue Ocean Strategy Case Study

IBS CDC IBS CDC IBS CDC IBS CDC RSS Feed
Case Title:

LG Electronics: The Blue Ocean Strategy

Publication Year : 2006

Authors: Pinal Shah, Joel Sarosh Thadamalla

Industry: Home Appliances and Personal Care Products

Region:South Korea

Case Code: BOS0010A

Teaching Note: Available

Structured Assignment: Available

Buy This Case Study
OR





Abstract:
South Korea based LG Electronics, Inc. (LGE) was a technology innovator in electronics, information and communications businesses producing CDMA handsets, DVD players, optical storage devices, canister vacuum cleaners, air conditioners and micro ovens. LGE had more than 72,000 employees working in about 77 subsidiaries and marketing units across the world.

In January 2006, the company launched “Blue Ocean Management” campaign to be one among the top 3 electronics, information and telecommunications firms in the world by 2010. But LGE was primarily known for its low-cost appliances, and faced challenges related to company’s image, low profitability and stiff competition across the world. With the tough road ahead would LGE be able to achieve its target by 2010? Would it be able to make its competition irrelevant, especially Samsung, its home rival?

Pedagogical Objectives:

  • To understand LG: a leading player in consumer electronics
  • To understand consumer electronic market and competitor
  • To understand value based technological innovation
  • To understand geographic diversification and its strategies applied to gain market share
  • To analyse the Blue Ocean strategy and its implementation at LGE.

Keywords : LG; LG Electronics; Blue Ocean Strategy; strategy; localisation; competitive strategy; market leader; new product development; Innovation; India; China; Middle East; Digital Electronics; CDMA and GSM handset; LCD TV; Plasma TV; Innovation Management Case Study; Mobile phones; Nokia; Samsung

Contents: 
Global Consumer Electronics
About LG
Blue Ocean Strategy
Focusing on high end products
Mobile Communications
LG Chocolate
Digital Display Company
Plasma TVs,LCD TVs,Digital Appliance and DigitalMedia
New markets and New Segments
LGE in Middle East and Africa

Recently Bought Case Studies

    Recently Bought Case Studies
advertisement

    Executive Interviews

  • David ConklinDavid Conklin

    David Conklin, is a professor at the Richard Ivey School of Business
    Speaks on Government and Business
  • Lord Meghnad DesaiLord Meghnad Desai

    Lord Meghnad Desai, is an Indian-born British economist and Labor politician
    Speaks on Government and Business
  • Vijay GovindarajanVijay Govindarajan

    Vijay Govindarajan, is widely regarded as one of the world’s leading experts on strategy and innovation
    Speaks on Reverse Innovation
  • View All Executive Interviews»





Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501 504, Andhra Pradesh, INDIA.
Mob: +91- 9640901313, Phone: +91 - 08417 - 236672, Fax : + 91 - 08417 - 236674
E-mail: casehelpdesk@ibsindia.org

©2003-2010 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap