Sony's Expansion
Beginning of paper
Since its incorporation in 1946, Sony has been one of the worlds leading companies. It’s been on the cutting edge of technology and innovative products since its inception. As a matter of fact, Sony’s old name was Tokyo Telecommunications Company. The company founder, Akio Morita wanted a sh ....
Middle of paper
.... Sony is willing to write off these investments and feels that its success in products that do work far exceeds poor investments. This may work well in a market with minimal competition, but Sony is not in such a market. Consumer electronics is becoming increasingly competitive and cost driven. Companies must have a balance of creating products for an existing market as well as creating markets for new product. Morita once said, “We don’t market products that have already been deve ....
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Word count: 1591
Page count: 6 (approximately 250 words per page)
