Preview

ASSIGNMENT INSTRUCTIONS

Good Essays
Open Document
Open Document
1367 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ASSIGNMENT INSTRUCTIONS
ASSIGNMENT INSTRUCTIONS
Module Title: Global Marketing Management
Module Code:MOD003470Level:7
Academic Year:2014/15 Teaching period:S1
Module Leader:Dr. John W. Lang
This must be submitted via TURNITIN no later than 5pm on the 12th January 2014.
Background:
You are employed as a Global Marketing Consultant and have been asked by your Senior Vice President of Marketing in IKEA to prepare a management report that addresses the following global marketing issues pertaining to the launch of the IKEA brand in China.
Task:
You are required to use IKEA as a basis for discussing the following relative global marketing issues. In this regard, you should begin by preparing a brief profile of IKEA
Prepare a global strategic marketing plan to support the expansion of the IKEA brand in CHINA. The plan should include a consideration and discussion of the following issues:
1: Critically analyse the macro and micro environment of the market environment in CHINA using appropriate analytical tools (35 marks)
2: Develop appropriate marketing objectives and critically analyse supporting corporate and business strategies to support the expansion of the IKEA brand in the CHINA (35 marks)
3: Critically analyse the potential Business Model of IKEA and its adaptation for the expansion of the brand in CHINA. In addition, justify the most appropriate application of the marketing tactics that will support the expansion in CHINA (30 marks)
Assessment Criteria:
This assignment requires you to demonstrate your knowledge and understanding of the planning issues surrounding the entry of IKEA into CHINA. You are required to examine and evaluate the environment (competitive and politico economic), and to evaluate the marketing strategies and business model of IKEA, and their suitability to the
Chinese marketing entry. Your evaluation must not be descriptive in nature; it should provide clear evidence of your understanding of the issues surrounding the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Marketing Plan Template

    • 269 Words
    • 2 Pages

    Marketing Plan By Charlene McCormack I. Executive Summary 3 II. Introduction 3 III. Situational Analysis 3 A. The Situational Environments 3 1.…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The purpose of this paper is to look into the marketing aspect of IKEA and the overall furniture or home furnishing retail industry. This is in the light of its operational context. More specifically, this paper will conduct a macro-environmental analysis so as to highlight the changes that are occurring. The market for the furniture and home furnishing retail industry will also be described in this paper. Moreover, the customers for IKEA will be analyzed. Based on the different forms of analyses which will be conducted, the researcher will be able to examine the company of IKEA more deeply. Hence, a SWOT analysis will be conducted so as to highlight the key issues and opportunities for change. It will then examine how these changes will affect the marketing and operations strategy of IKEA. And based on the analyses, this paper will make recommendations as to how to approach the marketing strategy of IKEA.…

    • 1255 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Ikea Marketing Strategy

    • 1365 Words
    • 6 Pages

    2. Burt, S., Johansson U., Thelander, A., 2011, “Standardized Marketing Strategies in Retailing? IKEA’s Marketing Strategies in Sweden, the UK and China”, Journal of Retailing and Consumer Services”, Vol. 18: 183-193.…

    • 1365 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Global Marketing

    • 4225 Words
    • 13 Pages

    TASK 2: Develop appropriate global marketing objectives and critically analyse the supporting corporate and business strategies to support the launch of the IKEA brand in India.…

    • 4225 Words
    • 13 Pages
    Best Essays
  • Good Essays

    The purpose of this report is to discuss the IKEA’s current market situation, suggest new market strategy and evaluate the option of further penetrating the US market considering the present market conditions. In this report we also provide an alternative market, which can be explored in near future, for the further growth and expansion opportunity to the company. SWOT analysis is taken as the basis given in the case study and compared to the present condition and taste of customers in the US to logically bring out the facts to support the further expansion in the US market. Matching the different methods, marketing and products policies of IKEA to the economic conditions and customer’s buying behaviour Mexico is suggested as the alternative market for the company and rationally discussed bringing and comparing the relative facts.…

    • 2476 Words
    • 10 Pages
    Good Essays
  • Best Essays

    Wei, L-Q. (2007). IKEA in China: Facing Dilemmas in an Emerging Economy. [Electronic version]. Asian Case Research Journal, Vol. 11, Issue 1, 1–21 (2007).…

    • 3709 Words
    • 15 Pages
    Best Essays
  • Satisfactory Essays

    IKEA which may be the world’s most successful global retail has grown into a global cult brand with 230 stores in 33 countries that host 410 million shoppers. To achieve global success, IKEA took some actions, for example, in order to avoid the costs associated with shipping the product all over the world. IKEA works with suppliers in each of the company’s big market and IKEA had to adapt it offerings to the tastes and preference of consumers in different countries. Besides, globalization of market and production are also an important factors of IKEA’s achievement.…

    • 435 Words
    • 13 Pages
    Satisfactory Essays
  • Powerful Essays

    ikea report

    • 1506 Words
    • 6 Pages

    This report describes the importance of market research, the target market and market segmentation. How a business can use a situation analysis and SWOT to provide a direction for Ikea. This examines how types of customers and buyer behaviour will impact marketing strategies. Evaluates as a key marketing strategy for Ikea as a case study. Analyses marketing strategies can be used to achieve marketing objectives and describes some ethical and legal things that a business must manage and respond to while marketing.…

    • 1506 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    This report emphasizes on the analysis of the overseas expansion of the global brand named IKEA, who has already built a competitive advantage in the international furniture competition. It has the largest part of market share and got huge success in Europe which leads it to expand to Asia and other market of the world. Analysis of all the environmental aspects in China shows that China is the best country to invest in, although there are still some weaknesses and threats exists.…

    • 4394 Words
    • 18 Pages
    Best Essays
  • Good Essays

    This thesis is submitted by Damien Badier and Carole Rousset to University of Skövde for the Bachelor Degree in Business administration, in the School of Technology and Society.…

    • 11888 Words
    • 48 Pages
    Good Essays
  • Best Essays

    Ikea in China

    • 1215 Words
    • 4 Pages

    References: Business Today, 2013. How Ikea adapted its strategies. [Online] Available at: http://businesstoday.intoday.in/story/how-ikea-adapted-its-strategies-to-expand-in-china/1/196322.html [Accessed on 26th February, 2014].…

    • 1215 Words
    • 4 Pages
    Best Essays
  • Best Essays

    Ikea case study

    • 2553 Words
    • 11 Pages

    This case study explores the establishment and development of IKEA’s retail ventures in China and Japan – its first moves outside westernised countries and its first significant retail activity in Asia, despite substantial sourcing activity in the region, and discusses how IKEA might continue its market development in these territories.…

    • 2553 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    IKEA Essay

    • 814 Words
    • 3 Pages

    Recently, IKEA is one of the most renowned brands of retailers around the world with 351 stores in 43 countries in September 2014 (Wikipedia). China, particularly, is known broadly as the most potentially profitable with a population of approximately 1.4 billion people. This country, hence, has become one of the core target in the strategy of internationalization of IKEA. Chinese market contribute eight of the ten largest IKEA’s stores in the globally according to Hatton (in November 2013). This essay will illustrate the enlargement of IKEA via profit, the number of visitors and customer satisfaction; and some trouble that it overcame when establishing IKEA’s stores before discussing several potential risks such as the lack of stores, local competitors and old technologies in China.…

    • 814 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing and Ikea

    • 1401 Words
    • 6 Pages

    • Prior to its difficulties in the US, IKEA didn’t make specific adaptation when it entered into a new market, but followed always the exactly same strategy than in others countries. Certainly, the brand positioning strategy is global consumer culture positioning, the brand is a symbol of a given global consumer culture, as well as foreign consumer culture positioning, the brand has been built around a specific foreign culture, Swedish culture, with the Swedish names of the furniture, Swedish restaurants, the colors of the Swedish flag, etc. All sold expensive products for delivery up to two months after a customer’s order; companies didn’t lead a strategy of expansion. Nevertheless, IKEA, with its competitive advantage, its size and resources, has changed the global markets: many small furniture retailers have departed, and there is now a trend for growth of larger-scale retailers, and for an increased number of…

    • 1401 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Globalisation Ikea

    • 1813 Words
    • 8 Pages

    The report will first give a brief summary of the IKEA case study, followed by the strategies used in targeting the global customer segment, followed by the importance of their brand image along with the marketing implications with it, followed by the advantages and disadvantages of adopting a standardized versus an adapted strategy in IKEA’s global strategy, followed by the effectiveness of communications and the similarity of the cultures of the world today. Lastly, a conclusion I will summarize the report.…

    • 1813 Words
    • 8 Pages
    Powerful Essays

Related Topics