1. Why did the contraction of the U.S. And Japanese economies and the rise in the value of Yen hurt Sony's exports from Japan ?
The strong rise in the value of Yen and the contraction of US economy resulted in a sharp drop in exports from Japan. The decline in exports was primarily due to a lower demand for consumer electronic products in US due to the slowing US economy, as well as the strong rise in the value of Yen relative to US dollars or Euros making the exports more expensive or less affordable for foreign countries. As exporters saw their sales and profits declining, they started cutting operating costs and slashing orders from their suppliers thus creating a ripple effect in the Japanese economy affecting both production and Yen's fall made Sony's goods cheaper for foreign buyers which boosted sales and profits. This was a result of some aggressive measures unveiled by Japanese policy makers to spur growth in the economy which resulted in Japanese currency falling more than 20% relative to US dollars since November of 2012. The favorable impact of foreign exchange rates helped offset some of the decline in sales within the electronics segment due to the changing consumer demands. However Sony has been struggling with broad challenges to its profitability in the electronic business segment as the TV and personal computer sales has been shrinking for the past several years. Falling sales is primarily due to shrinking consumer demand for these products as the demand is shifting to mobiles devices from Apple and Samsung electronics and due to the highly volatile and competitive nature of the PC and consumer electronics industry.
Sony has several business segments in different industries and has many product categories within the electronics segment, which causes it to face a broad range of competitors ranging from large international companies to highly specialized entities that are focused on only a few businesses. Sony's diversified business portfolio hinder's its ability to commercialize in a timely manner new and competitive products that meets the needs of the market. Particularly the consumer electronics segment operate in intensely competitive markets characterized by changing
------------------------------------------------- Company Name Sony Corporation ------------------------------------------------- Founded May 7, 1946 ------------------------------------------------- Headquarters 1-7-1 Konan, Minato-ku, Tokyo 108-0075, Japan * Access & Map ------------------------------------------------- Representative Corporate Executive Officers * President and CEO Kazuo Hirai * EVP and CFO Masaru Kato -------------------------------------------------…
The Aggie Code of Honor “An Aggie does not lie, cheat or steal or tolerate those who do.” Texas A&M University Subhamitra Barman Beta Cohort MBA Class of 2016 Mays Business School MKTG 613 MARKETING MANAGEMENT Final Exam, October 2014 Sony Car Navigation Systems Q1. Answer: Various environmental factors, customer characteristics and marketing strategies of companies determine the demand for car navigation systems as below Environmental factors: 1. Complexity of road systems, 2. Availability…
| Sony Ericsson is a joint venture established on October 1, 2001 by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. The stated reason for this venture is to combine Sony's consumer electronics expertise with Ericsson's technological leadership in the communications sector. Both companies have stopped making their own mobile phones. The company's global management is based in Hammersmith, London, and it has research…
CORPORATE SOCIAL RESPONSIBILITY Our companies are known for creating products that enrich people's lives. Through Sony Corporation of America and its operating companies, we’re equally dedicated to improving people's lives. Our commitment extends to helping local communities, fostering better educational systems, supporting the arts and culture, helping disadvantaged youth, protecting and improving the environment and encouraging employee volunteerism. Our strategic philanthropy and corporate…
Sony Corporation of America, located in New York, NY, is the US headquarters of Sony Corporation, based in Tokyo, Japan was founded in 1964. Sony's principal US businesses include Sony Electronics incorporated,, sony Mobile Communications USA incorporated, Sony Computer Entertainment America LLC, Sony network entertainment incorporated, Sony Pictures Entertainment incorporated, Sony Music Entertainment, Sony dash ATV music publishing LLC, and Sony Online Entertainment LLC. with some 900 millionbSony…
businesses like Sony to develop new products regularly. New product development is the process of bringing a new product to the market, for example, Sony annually releases a new smartphone with upgraded hardware and new or improved features from its previous device. It is necessary for them to launch a new product frequently for many reasons, such as : change of needs and tastes of customers, the competitiveness of the market, … if the action of developing a new product is not taken, Sony will be put…
of the Sony Group to society is to pursue the enhancement of corporate value through innovation and sound business practices. The Sony Group recognizes that its businesses have direct and indirect impact on the societies in which it operates. Sound business practices require that business decisions give due consideration to the interests of Sony stakeholders, including shareholders, customers, employees, suppliers, business partners, local communities and other organizations. The Sony Group will…
The lack of innovation at Sony Electronics manufactures have found the competition becoming fiercer as the gap between product lines, and innovation narrow with new technology becoming an almost monthly occurrence. In a competition where Sony once reigned as one of the leaders, they have found themselves struggling over recent years. These struggles can be attributed to many factors, but one of the greatest contributors to the struggles faced by Sony deal directly with innovation or lack thereof…
Zhou MGT301 11/9/2014 Sony’s and Matsushita’s management strategies As we all known, Sony and Matsushita are two of the largest consumer electronic makers in Japan or even in the world. And in this reading, it points out the different strategies Sony and Matsushita use when they were facing the fierce competition in China ----- Matushita was accelerating its pace on stretching the supply chain in China while Sony unexpectedly decided to shift some of its manufacturing business in China back to Japan…
The examination of Sony: performance, cyber-attack, and social responsibility Nowadays, we are living in the growing society which is supporting by the stem - Science, Technology, Engineering, or Math, as in most things these days (Bloomberg 2013). One of the Japanese multinational conglomerate “Sony Corporation”, according to their history “Sony” that is a small group of young people and the unlimited innovative ideas with their passion and energy (Sony History). It also be called “Head of Electronic”…