2008 REPORTS > ITALY - July 7, 2008
ITALY
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Excellence through a sound game plan  
Mario Martinez, president of Kenwood Electronics
Italia
Since starting operations in Italy more than 20 years ago, the name Kenwood has grown synonymous with quality and innovation in the country where annual sales have risen from 2 million euros to over 60 million euros.

Kenwood first entered the country at the beginning of the 1980s through a distributor, Linear Italia. The business has since become a wholly owned subsidiary that ranked No. 1 in Italy for car audio and navigation systems as of last year.

One would think a business like Kenwood Electronics does not like to speak about its competition but Mario Martinez, president of Kenwood Electronics Italia, has a different take.

“The consumer electronics market is very competitive and is characterized by constant price reductions, no brand concentration and quick model turnover. If we have competition, we are forced to create more innovative, quality products. Kenwood has built strong brand awareness and a good image in the Italian market. This aspect, together with a great talent in designing and manufacturing quality products, and the ability to market and sell these products, allow us to beat out the competition,” says Martinez.

Kenwood is shoring up its growing business with strong partnerships in the automotive sector. In Italy, the company is working with Fiat, Lamborghini, Volkswagen and Daihatsu to promote its products in new cars, as well as its quality line of aftermarket products.

Martinez attributes Kenwood’s success in this market to the unique combination of Japanese and Italian expertise.

“The Japanese, if you want to make a comparison, are more like the Germans in Europe. They are strong, efficient and work well in practical situations. Italians are a little more creative and innovative. Our mentality is one of fantasy and imagination,” he says.

“Contrary to popular belief, this is not a negative approach though. In difficult business situations, this mentality can be vital to finding solutions and maintaining the flexibility the market demands. In putting the Japanese and Italian cultures together, we have accomplished something special,” he adds.

www.kenwood.com

 
 
Table of Contents
Italian economy goes high gear
The winning strategy of Toyota
The power of change
The Suzuki ‘way of life’ is huge success
Providing a clear track for the future
Land, sea, and air: NYK Logistics delivers
100% Italian, 100% natural
A master of the local market
Building success from the grass roots
Excellence through a sound game plan
Measuring success one satisfied customer at a time
ITOCHU Italiana catapulted to success
A firm commitment to the local community
Local partner to Japanese
Omron marks jubilee year through volunteer work and eco-initiatives
Excellence in science
Italian jewelry company grabs golden success in Japan
Supplying Italy with Japanese innovation
The intelligent way to comfort


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JETRO Italy, based in Milan, has played a prominent role in sustaining and strengthening bilateral trade and investment between Japan and Italy. JETRO offers its services and advice to all Japanese or Italian companies operating in Italy. www.jetro.go.jp/italy

Regione Lombardia aims to position the region as a highly attractive destination for foreign investment and as a regional platform from which to export its goods and services. Its Web site also contains a comprehensive guide to all investment-related inquiries. www.regione.lombardia.it

Solvay Solexis is a worldwide leader of innovative fluorinated products for specialty markets. With its company headquarters and manufacturing facility in Milan, and offices in over 10 countries around the world, Solvay Solexis is focused on customer-driven research and supports sound environmental practices. www.solvaysolexis.com