Globalisation has been driven by two fundamental forces namely technological changes together with the integration of markets and the freer movement of goods and services (Goodsall‚ 2011).This report seeks to identify the key marketing factors and strategies to be considered by marketing department when seeking to enter foreign markets. Chosen Product to be marketed The chosen product to be marketed internationally is Angostura Aromatic Bitters; this product is indigenous to Trinidad and Tobago. This
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Entry Barriers in Global Marketing An understanding of the entry barriers to internationalization and their effect on entry mode selection is important because they can assist in determining why global marketers are unable to exploit their full potential and why many firms fail or incur financial losses in their international activities. The height and nature of market entry barriers directly influence the entry mode chosen by a company. Entry barriers increase the cost of entry and constraint
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IKEA Case Study Report Tarek Salam & Maximilien Abrezol Table of Content 1. Introduction 2 1.1. Ikea Company 2 1.2. Global Furniture Industry 4 1.2.1. World Furniture Industry’s Characteristics 4 1.2.2. World Industry Trends 5 1.2.3. Ikea’s main competitors 5 2. Question 1 8 3. Question 2 9 4. Question 3 10 5. Question 4 11 6. Outcomes 12 7. Bibliography 12 1. Introduction 1.1. Ikea Company Ingvar Kampard‚ Elmtaryd Agunnaryd is what the abbreviation IKEA stands
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PGBM16 Global Corporate Strategy Key Strategic Issues Relating to the Global Airline Industry Used Air France-KLM as a study case Name: TANG QING Student ID: 129098339 Tutor’s Name: Ian Evans Abstract This report uses Air France-KLM as a case to answer three research questions associated with global corporate strategies: 1) how core competences and dynamic capabilities used by the Group to achieve and maintain competitive advantage in the worldwide airline
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The International Marketing Dilemma Standardization VS . Customization Spiderman Becomes an Indian Product Idea P&G – Connect & Develop Strategy • Develop brands tailored for similar consumer cohorts living in different countries‚ rather than producing strategies on a nation-by-nation basis – Consumers in Mumbai have more common with consumers in Shanghai‚ Tokyo‚ New York than with consumers in rural India • Expertise from one part of the globe to another – Taboos over feminine hygiene
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Exporting Vyvanse to China November 18‚ 2008 International Marketing Illinois State University Student Names Listed Here Table of Contents Executive Summary 3 Company Overview 4 Industry / Category 4 Global 4 National 5 Cultural Analysis 7 Geographical setting 7 Relevant history 7 Population 8 Religion 9 Living conditions 9 Business customs/etiquette 9 Cultural descriptors 10 Political/Legal Analysis 10 Current Relations with U.S. 11
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Global Marketing Management Planning and Organization Global Marketing Management “Companies must learn to operate as if the world was one large market.” - Theodore Levitt (1983) Global Marketing Management I. II. Global vs. International Marketing Standardization vs. Adaptation Controversy A. Benefits of Standardization 1) Cost Saving 2) Levitt’s Argument 3) Uniform Brand Image 4) Improved Coordination Global Marketing Management B. Advantages of Adaptation 1) Differing Use Conditions
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Introduction to global marketing ‘The process of focusing the resources (people‚ money‚ and physical assets) and objectives of an organisation on global market opportunities and threats’ Keegan 1995 Marketing is now a universal discipline the new concept of marketing appeared 1960 - Marketing Myopia - Levitt now ‘strategic’ concept The Three Principles of Marketing Customer value and the value equation i.e. value greater than competitors Value equation is: VALUE = PERCEIVED
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Lecture 7. Case Study 1. Should Unilever divert money from its premium brands to invest in a lower-margin segment of the market? Yes‚ I think so. 2. In the long run‚ what would Unilever gain and would it risk losing? Unilever will increase their 81% market share‚ and prevent attack from P & G. Unilever cannot only satisfy their low income consumers‚ but they can also maintain the consumers of OMO. They will gain expertise and can apply it to other categories. Financial analysts will praise
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Global Marketing Management: Planning and Organization Section A: Global Marketing Management Global Marketing Management: An Old Debate and a New View: The approaches to global marketing have revolved over the decades. The following trends have been observed: ▪ 1970’s: “standardization vs. adaptation” ▪ 1980’s: “globalization vs. localization” ▪ 1990’s: “global integration vs. local responsiveness” ▪ 2000’s: mixture of global‚ localization The recent trend of mixture of
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