Fifth Edition GLOBAL MARKETING A DECISION-ORIENTED APPROACH Svend Hollensen _ • CONTENTS Preface Guided tour Acknowledgements Publisher’s acknowledgements Abbreviations About the author XVI XXX xxxiv xxxvi xli xliv PARTI THE DECISION WHETHER TO INTERNATIONALIZE 1 Global marketing in the firm Learning objectives 1.1 Introduction to globalization 1.2 The process of developing the global marketing plan 1.3 Comparison of the global marketing and management style of SMEs
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Running head: CITIGROUP: GLOBAL AND DOMESTIC ENVIRONMENTAL FACTORS CitiGroup: Global and Domestic Environmental Factors - University of Phoenix MKT 421 Marketing Professor Smith March 1‚ 2009 Global and Domestic Environmental Factors Like any global organization doing business today; CitiGroup is feeling the pressure of an increasingly difficult business climate. Economic environmental factors caused by the mortgage crisis have taken their toll on Citi‚ both domestically and abroad
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As the world continues to venture into global markets‚ not limiting business transactions to domestic markets‚ it is important to understand the similarities and differences of conducting business in those markets. The success of businesses in domestic and international markets is dependent on the accuracy and thoroughness of the marketing within the respective markets. With that in mind‚ this paper will compare and contrast international and domestic marketing with the use of selected international
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Since the size and volume of the global market is a lot bigger than the domestic market‚ opportunities can be found: Economies of scale: Companies with global market would be able to gain an advantage in production economies of scale since the level of production is relatively high compare to just targeting a specific market. Buying and negotiation power in everything from raw materials to advertising would also increase due to the higher budget and spending. For companies which do not have a
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Adjusting Its Local Recipe” Discussion Questions: 1) McDonalds has a mixed global marketing strategy that combines Globalization and the ability to act local. Globalization refers to developing a marketing strategy as if the world is a single entity and to sell the same product with same promotion‚ same packaging all over the world regardless of geographic‚ demographic‚ political‚ social and cultural differences. McDonald’s global marketing strategy refers globalization in many terms but also takes
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• What is global marketing? How does it differ from “regular” marketing? Marketing is an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. One difference between "regular" marketing and "global" marketing is the scope of activities. Marketing activities center on an organization’s efforts to satisfy customer wants and needs with products
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1.0 Background of the Company McDonalds is one of the leading global fast food franchises in the world. McDonalds has more than 33‚000 restaurants worldwide in 119 countries. The company has 1.7 million employees (McDonalds US‚ 2011). McDonalds has more than 80% franchisee restaurants around the world. McDonalds’ C.E.O is Jim Skinner; he was elected to this post in November 2004 and has been with McDonalds for 39 years (Forbes‚ 2011). McDonalds’ has its head corporate offices at Illinois‚ Chicago
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E-Business Plan for McDonald Corporation (Part Two) Strategic Analysis and Market Justification An international opportunity Companies of all sizes go international for different reasons‚ Deresky (2011) stated that the threat of their own decreased competitiveness is the overriding reason many large companies want to move fast to build strong positions in key world markets (p. 198). Deresky (2011) also suggested many multinational corporations (MNCs) have developed
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.....................................................................................................3 Cooperative Strategy........................................................................................................................3 Global Strategy................................................................................................................................3 Introduction and Background In 1940 two brothers Dick and Mack Macdonald opened their own restaurant. Eight
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IIBM Institute of Business Management Examination Paper MM.100 Global Marketing Management Section A: Objective Type (30 marks) This section consists of Mixed Type questions & Short Answer type questions. Answer all the questions. Part One questions carries 1 mark each & Part Two questions carries 5 marks each. Part One: Multiple Choices: 1. All the ethnocentric orientations are collectively called……………………………………………………………. 2. Presently number of members countries in OECD are a. 12
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