Vietnamese Cosmetic Market Study for Company X‚ CASE STUDY: COMPANY X LAHTI UNIVERSITY OF APPLIED SCIENCES Degree program in International Business Bachelor’s Thesis Autumn 2013 Nguyen ThiQuynhTrang Lahti University of Applied Sciences Degree Programme in International Business NGUYEN‚ THI QUYNH TRANG Vietnamese cosmetic market research for Company X Case: Company X Bachelor’s Thesis in International Business‚ 110 pages‚ 9 pages of appendices Autumn 2013 ABSTRACT Vietnam
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Vietnam Market Entry Decisions When thinking of the position many Multi-National Companies were in during 1998‚ it is easy to see why there was hesitation when considering entering the Vietnamese market. The countries political‚ economic‚ and social situations could adversely affect these companies if they are not careful in their entries. However‚ it may not be too late for companies to enter this market and take advantage of its workforce‚ resources‚ & consumers. First and foremost‚ it is
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MESP Tasks Aim: Introduce a new consumer good into Singapore Startup investment: HK$9 million. Tasks | SuggestedDeadline | Persons In Charge | 1. Market Intelligence Report (MIR) (Week 4: 3/2 – 9/2) [See MESP Guide p.8 – 12] * 78 research questions in online MESP A. Basic Information B. Demographics C. Government D. Geography E. Economics F. Physical Infrastructure G. Communications Infrastructure H. More Information | 9/2 | Jackson will answer most of the questions
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Case7-2 Cosmetics Giants Segment the Global Cosmetics Market 7-13. How do women’s preferences for cosmetics and beauty care vary from country to country? Since women are influenced by its country’s culture or value imperceptibly‚ they hold different value of beauty. In China‚ women tend to be white and brighter which is associated with wealth. Since I’m Taiwanese‚ in my point‚ I think the values that we girls prefer our skin to be white is mostly influenced by the western culture and the mass
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When an organization has made a decision to enter an overseas market‚ there are a variety of options open to it. These options vary with cost‚ risk and the degree of control which can be exercised over them. The simplest form of entry strategy is exporting using either a direct or indirect method such as an agent‚ in the case of the former‚ or countertrade‚ in the case of the latter. More complex forms include foreign direct investments which may involve joint ventures‚ or export processing zones
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Entyry Modes for MNC in International Market Foreign market entry modes differ in degree of risk they present‚ the control and commitment of resources they require and the return on investment they promise. There are two major types of entry modes: ❖ Equity and Non-equity modes. The non-equity modes category includes export and contractual agreements. The equity modes category includes: joint venture and wholly owned subsidiaries. Exporting Exporting is the process of selling of goods
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Q. Timing of entry into the Indian market brought different results for PepsiCo and Coca Cola India. What benefits or disadvantages accrued as a result of earlier or later market entry? Introduction When an organization has made the big decision to enter into an overseas market‚ there are many options in relation to entry modes it must consider. The options vary from cost‚ risk and control measures associated to each. Here I will try and evaluate the Indian market and the benefits and disadvantages
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Assignment 2: International Market Entry and Development Jimmy Green Professor Williams November 28‚ 2011 1. Explain the process for market research to assess foreign market potential. The first step would be to identify the problem‚ which is the buyer‚ in this foreign market potential. Figuring out the cultural differences and the different wants/demands of the customers is key in determining how well your product/service will do in this foreign market Kumar‚ V. (2001).After
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MR.PRADEEP PARAMAN Executive Summary The authors are delegated task to prepare an international market entry plan for Genting Group to penetrate into the new market of Macau‚ China. The plan is written in a report format with clear layout and presentation. The report is divided into several sections including introduction‚ target country‚ situational analysis‚ organizational objective‚ market entry strategy‚ marketing mix‚ contingency plan and conclusion. In introduction‚ the company background
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“Overseas Market Entry Methods” In this case I would like to tell you about : 1) Scheme of the Methods; 2) Exporting; 3) Joint Venture; 4) Direct Investment; 5) Advantages and Disadvantages First method includes: 1)Direct Export - the organization produces their product in their home market and then sells them to customers overseas 2)Indirect Export - the organizations sells their product to a third party who then sells it on within the foreign market Another less risky market entry method
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