Preview

Intl. Mkt

Good Essays
Open Document
Open Document
4519 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Intl. Mkt
International Marketing
(assignment 2) (sample 1) ( Sony) rketing TABLE OF CONTENT
Assignment Question
1) Introduction
International Marketing
Sony Corporation company’s background overview
• Sony Rolly
Figure 1.2
2) Situational analysis
PESTLE analysis
• What is PESTLE analysis?
• Figure 2.2
• Sony’s Pestle analysis
SWOT analysis
• Sony’s SWOT analysis
Figure 2.3
Marketing mix (4p’s)
• Product
• Promotion
• Price
• Place (distribution)
3) International Marketing Objective
SMART (corporate objectives)
Sony’s Mission and Vission statement
4) Marketing Strategy
Ansoff’s Matrix
Market Entry methods
Segmentation, targeting and positioning
Assignment Question
Produce an international marketing plan that will introduce a consumer brand sold in your home market into a country in which it is currently not available.
Introduction
International Marketing
As you can see that nowadays, a majority of organization try to market their products internationally. There are some reasons why they want to market it internationally and the reasons are to saturated their home market, competition, excess capacity, product life cycle differences, geographic diversification, comparative advantage in product, skill and technology, organizational reasons and lastly is the financial reasons (Walsh., L.S., 1993). International marketing can be defined as the performance of the business activities that is specially designed to plan, price, promote, and were designed to direct the flow of the company’s goods and services to consumers or users in more than one nation for a profit (Cateora.R.Philip., Gilly. C. Mary., Graham. L. John., 2009). With an international marketing, you may market your own product and services internationally and can redo back on the products life cycle. Although, the product and services may seems to suit better for an international market rather than our own country of origin and also it may developed on the value-added product which is

You May Also Find These Documents Helpful

  • Good Essays

    By marketing on the Internet, you can overcome barriers of distance. You can sell goods in any part of the country without setting up local outlets, widening your target market. You can also build an export business without opening a network of distributors in different countries. However, if you want to sell internationally, you should use localization services to ensure that your products are suitable for local markets and comply with local business regulations. Localization services include translation and product modification to reflect local market differences.…

    • 445 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Unit 39 P6

    • 1729 Words
    • 7 Pages

    When the business markets internationally they have to take into account the customers needs and how to meet them, this is often done with a lot of research and information such as questionnaires and analyzing the market’s buyers. They have to take those points into account so that the marketing strategy works internationally.…

    • 1729 Words
    • 7 Pages
    Better Essays
  • Better Essays

    There are many businesses that have expanded their business internationally in order to benefit in some sort of way rather it revenue or a better market for their product. In this thesis, I will research a multination company and its international strategy over the last 10 years. I will elaborate on it international orientation and rather it etho-, poly-, or geocentric. I than explain why the company decided on expanding to the chosen locations. Then I will clarify if they had core capability to succeed in those markets, along with its opportunities and constraints. Last, I will define value chain dispersal and integration strategy and describe the strategy that’s organized around it.…

    • 945 Words
    • 3 Pages
    Better Essays
  • Best Essays

    Mkt 505 Courseguide

    • 6367 Words
    • 26 Pages

    This course reviews the organization for international marketing, foreign demand analysis, product development and policies, trade channels, promotion policies, pricing, and legal aspects. Emphasis is on development of effective international marketing strategy addressing the major global market areas (Europe, Africa, Asia, and the Americas).…

    • 6367 Words
    • 26 Pages
    Best Essays
  • Powerful Essays

    Globalisation had an increasingly significant impact on international marketing. As the cost and complexity of operating in overseas market has been reduces by globalisation, more and more markets are now becoming open to international organization. This system has resulted into increased market competition which in turn increasing the importance of effective international marketing. Most of the companies want to explore themselves in international market rather than becoming a player in a long held domestic market. All in all, this paper aims at explaining and defining the strategies through which international organizations can adapt to the ever changing environment, tastes and preferences of customers…

    • 3287 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Marketing

    • 857 Words
    • 4 Pages

    International Marketing involves developing and performing marketing activities across national boundaries. Marketing is the process of creating, distributing, promoting, and pricing goods, services and ideas to facilitate satisfying exchange relationships with customers and to develop and maintain favorable relationships with stakeholders in a dynamic environment. Therefore, I believe all the forces sociocultural, economic, political, legal, regulatory social ethical, competitive, or technical would apply to the above mentioned products. A marketer would need to recognize the products and services customers in the home country would want and need then provide them at the right price and place. A marketer should also be able to assess the risk involved and have the ability to function and spot opportunities and threats in business matters internationally.…

    • 857 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Organization mainly has two ways to get into international market. It is believed that organizations take step into international level to take comparative advantage And the other is find or develop markets for their products E.g.:- exporting, licensing, and direct labor off shoring.…

    • 505 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Case Study 3m

    • 2642 Words
    • 11 Pages

    3M Company, the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen. They wanted to make a profit out of minerals for grinding wheel abrasives, but this failed to really take off. Their real success lay in the encouragement towards innovative employees, which resulted in several exclusive products such as waterproof sandpaper and masking tape. The search for new products and innovations became their core business from then on. Despite several failures in the first years 3M continued growing and coming up with new innovative products such as the now famous Scotch tape. In 1929 3M went international as well as traded their first stock and in 1949 they became listed on the New York Stock Exchange [3M Timeline]. By the 1950s it had international sales amounting to $20 million. In 1960 and 1970 it kept growing and released a line of board games which was very successful. They also produced their only traffic signal around this time, one that is still being used today. In the late 1970s the company was involved in some of the first digital audio recordings and in the 1980s it invented the Post-it notes [Haeg 2002]. The company is still growing today and now has over 130 factories employing some 67.000 people. Its international sales increased tenfold since 1950, now amounting to a staggering $22 billion [3M Press Release 2006]. 3M is currently working on focusing on its core businesses and they intend to sell some of their product lines. Their current business model focuses on “the ability to not only develop unique products, but also to manufacture them efficiently and consistently around the…

    • 2642 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    International marketing

    • 4769 Words
    • 44 Pages

    Which of the following is the abbreviation for a proposed trade initiative between the U.S. and Central and South America:…

    • 4769 Words
    • 44 Pages
    Satisfactory Essays
  • Powerful Essays

    Analysis of the 3m Company

    • 1921 Words
    • 8 Pages

    In this paper I will discuss the international products and strategies around Marketing, Sales, Operations R&D, Human Resources, Manufacturing/Production, and Distribution.…

    • 1921 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    When thinking about internationalization, a lot of people instantly associate it with multinational companies. It cannot be said that they are wrong; however, internationalization is a far more complex phenomena as it does not only consist of companies setting their headquarters outside the borderlines of the countries of origin. If an entity simply decides to import or export commodities or services, their action can also be described as ‘going international’; producing effects both domestically and internationally. In recent years, the number of companies that chose to get involved in international business operations and transactions increased substantially to the point where becoming visible in the world market became very difficult. When operating internationally, a company should consider its mission (what it will seek to do and become over the years; what is the purpose of the company’s existence); its objectives (what is the company trying to accomplish according to its mission); and strategies (means to achieve its objectives).The main reasons for the increased number of companies that want to go international are the following:…

    • 1981 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    References: Jeannet, J-P., & Hennesey, H.D. (1995). Global Marketing Strategies 3rd ed. Boston: Houghton Mifflin Company. Karragianni, S., & Labrianidis, L. (2001). The Pros and Cons of SMEs Going International. Eastern European Economics, 39(2), pp. 5-28. Osland, G.E., Taylor, C.R., & Zou, S. (2001). Selecting International Modes of Entry and Expansion. Marketing Intelligence & Planning, 19(3), pp. 153-161. Root, F.R. (1994). Entry Strategies for International Markets. New York: Lexington Books. Terpstra, V., & Sarathy, R. (2000). International Marketing 8th ed. Florida: The Dryden Press. Terpstra, V., & Yu, C-H. J. (1990). Piggybacking: A Quick Road to Internationalisation. International Marketing Review, 7(4), pp. 52-63. Wallen, G. (1996). Vetenskapsteori och forskningsmetodik 2nd ed. Lund: Studentlitteratur. Westhead,P., Wright, M., Ucbasaran, D., & Martin, F. (2001). International market selection strategies of manufacturing and services firms. Entrepreneurship and Regional Development, 13, pp. 17-46. Wild, J.J., Wild, K.L., & Han, J.C.Y. (2003). International Business 2nd ed. New Jersey: Prentice Hall. Yin, R.K. (1989). Case Study Research. California: Newbury Park. For data collection Documentation Newsletter #1, 2004-08-29 Newsletter #2, 2004-11-25 Newsletter #3, 2005-02-14 BossIT AB Company Information Brochure, April 2005 Website www.bossit.se, April-May 2005 Interview Livbom, Staffan, Chief Executive Officer, BossIT AB, April 2005…

    • 16179 Words
    • 65 Pages
    Powerful Essays
  • Good Essays

    Before explaining socio cultural ınfluences on ınternational marketing, we need to know What is international marketing. International Marketing is the performance, in more than one nation, of business activities that direct the flow of a company's goods and services to consumers or users for a profit. it is an advanced form of international marketing in which a firm addresses global customers, markets, and competition.…

    • 1295 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Mgx 5310 Assignment 1

    • 2141 Words
    • 9 Pages

    The world of business is becoming overcrowded every day, and companies have to develop strategies on a global basis. Political, legal, cultural and economic circumstances vary significantly around the world. Even though investing in an international market may require intensive capital, the reward of such a business may be enormous. The sale of products and services in another country enables the company to increase its sales, expand the products life cycle, improve brand recognition, and reduce the risks of operating in a single market (Hill, 2009).…

    • 2141 Words
    • 9 Pages
    Best Essays
  • Best Essays

    With the rapid development of economic globalization, internationalization is becoming the development tendency of lots of organizations as it is becoming increasingly more beneficial to develop organizations’ competitiveness against their competitors (Ebner, 2001). Wilson (2006) states that internationalization provide organizations opportunities to participate in lots of cross-border activities quickly which may make a contribution to not only organizations’ revenue growth, but also their knowledge exchange and capabilities enhancement, thereby internationalization strengthens organizations’ long-term competitiveness. However, organizational internationalisation is a two-edged sword. Organizations may be impacted by some factors in the international environment, products or service which the organizations provided may be culturally sensitive in the host country as different countries have their cultural difference (Czinkota, et al. 2007). Therefore, international environment may influence organizations’ management activity to some extent, especially, the implementation of international marketing strategies and the marketing mix. This essay analyses the detail of different factors encourage organizations to internationalize and explain why and how the factors encourage organizations by using “push versus pull theories”. Meanwhile, it also evaluates the culturally sensitive of products or service in the host country and its influences of different organizations’ international marketing strategies and the implementation of the marketing mix.…

    • 4036 Words
    • 17 Pages
    Best Essays