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Global Marketing
“Global Marketing Management”

“Bridgestone: European Marketing Strategy”

CONTENTS

1.0: Make an assessment of the competitive strategies that Michelin, Continental and Goodyear respectively may pursue to strengthen their European Market position. Page 4-6

2.0 Make an assessment of the alternative competitive strategies that Bridgestone can pursue to strengthen its European Market position. Page 7-8

3.0 Give a well-reasoned proposal for the criteria to be used by Bridgestone when choosing market (country) that requires a larger marketing effort (you can also include central and eastern Europe). Page 9-10

4.0 “Global localisation” (glocalisation) is a policy that each company has implemented successfully. Critically review the concept of glocalisation. Give examples for each company from the case. Page 10-12

Appendix I – Mckinsey/GE Matrix.
1.0 Make an assessment of the competitive strategies that Michelin, Continental and Goodyear respectively may pursue to strengthen their European Market position.

The success of a company’s competitive strategy depends on how it relates to its environment (Porter, 1980). This report discusses how Michelin, Continental and Goodyear relates environment, encompassing social as well as economic forces to increase their market in European market.

Bridgestone is one of the world’s largest manufacturers of tyres and hope to increase their company brand awareness within markets where they are less well known. However, to do this they have to compete with the market leaders within this sector such as Michelin, Continental and Goodyear. The competitive strategies of each respective industry to strengthen their European Market position are highlighted below:

Michelin
Michelin is a French tyre manufacturer that has the highest percentage



References: ➢ Anything research. (2010). Ansoff 's Matrix - Product-Market Growth Matrix - Expansion Strategy . Available: http://www.anythingresearch.com/Strategic-Planning/Ansoff-Matrix.htm. Last accessed 15th Jan 2011. ➢ Armstrong, G., Kotler, P.(2003). Marketing: an introduction. 6th ed. Prentice Hall London ➢ Bnet ➢ HOFSTEDE, G. (2009). Cultural Dimension. Available: http://www.geert-hofstede.com/. Last accessed 15th Jan 2011. ➢ Johanson, J. and Wiedersheim-Paul, F. (1975), ‘The internationalisation of the firm-Four Swedish case studies’, Journal of Management Studies, 12, 305-322 Vol. 12 Issue 3 ➢ Lee, K ➢ Obolensky, O. (2001), “Management consultancy – Best Practice”, 2nd edition, Kogan Page; cited from Lecture note. ➢ Porter, M. E. (1985), Competitive advantage: Creating and sustaining superior performance, Free Press; cited from Thompson, J. and Martin, F. (2008), Strategic management: Awareness and change, 5th edition, Thomson. ➢ Porter, M. E. (1985), Competitive Advantage, The Free Press, New York. ➢ QuickMBA. (2010). GE-McKinsey Matrix. Available: http://www.quickmba.com/strategy/matrix/ge-mckinsey/. Last accessed 15th Jan 2011. ➢ ROBERT, I. W. (2009). Globalisation, Glocalisation, and Corporate Reputation:What Does it all Mean for the Multinational Entity?. Available: http://www.bledcom.com/uploads/papers/Wakefield.pdf. Last accessed 15th Jan 2011. ➢ Tutor2u. (2010). strategy - portfolio analysis - ge matrix. Available: http://tutor2u.net/business/strategy/ge_matrix.htm. Last accessed ➢ Value based management ➢ Yahoo Finance. (2010). The Goodyear Tire & Rubber Company Company Profile . Available: http://biz.yahoo.com/ic/10/10668.html. Last accessed 15th Jan 2011.

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