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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Pepsi wanted to enter India… As the major market for PepsiCo‚ the US‚ was reaching saturation levels India’s vast population offered a huge untapped customer base Urbanization had familiarized indians with leading global brands Question 1 Why do companies like Pepsi need to globalize? What are various ways in which foreign companies can enter a foreign market? What hurdles and problems did India face when it tried to enter India in 1980s? Need for globalization Wider and newer
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direct and indirect employment 1‚50‚000people (including suppliers and distributors) BEVERAGES Pepsi‚ 7UP‚ Mirinda‚Mt. Dew and DietPepsi HYDRATINGAND NUTRITIONAL BEVERAGES Aquafina ISOTONIC SPORTS DRINKS Gatorade JUICE BASED DRINKS Tropicana100%‚ Tropicana Nectars‚Tropicana Twisters and Slice LOCAL BRANDS Lehar Evervess Soda and DukesLemonade Manufacturer Sponsored Retail Franchisee Pepsi Co licenses bottlers in various markets that buy its syrup concentrate. These bottlers then
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Global Vision and Marketing Tactics Coca-Cola has proved itself to be among the top competitors in the global marketplace today. Not only has it been around for over 125 years it has thrived through economic downturns like the one we are witnessing in this past decade. Coke has developed a marketing plan which is called “70/20/10. [They] invest 70% of resources in existing products‚ 20% in innovations related to existing products‚ and 10% in pure innovations.”‚ says Joe Tripodi‚ Coca-Cola’s Executive
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Case 1: McDonald’s global marketing strategy 1. Identify the key elements in McDonald’s global marketing strategy (GMS). In particular‚ how does McDonald’s approach the issue of standardization? McDonald’s has become the most famous and successful fast-food restaurants all over the world. The concept of fast food and American-style food (burgers‚ fries) has conquered the world. We can talk about standardization regarding Mcdo’s strategy: the marketing mix is basically the same. Products: Fast
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consumers who differ in their response to the firm’s marketing mix program. i. Segments should have include a set of properties: Identifiable‚ Sizeable‚ Accessible‚ Stability‚ Responsive‚ Actionable. ii. Country Screening - Global Marketing Research - Entry Decisions - Positioning Strategy - Resource Allocations - Marketing Policy Mix B. How to Assess Dimensions:The formulation of a positioning strategy (local or global) includes the following steps: 1. Identify the
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Marketing Strategy Analysis of Coca-Cola and Pepsi Cola Two famous beverage companies exist in the market today‚ Coca-Cola and Pepsi Cola. Each competes intensely to distribute their beverage and food products to a global market for higher profits for the last several generations. In the free market‚ it can be difficult to determine which company uses the best practices in their marketing strategy as both use similar strategies to expand their local and global markets. In this paper the subjects
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CHAPTER 6 Entering Global Markets “The multinational corporation knows a lot about a great many countries and congenially adapts to supposed differences..... By contrast‚ the global corporation knows everything about one great thing. It knows about the absolute need to be competitive on a worldwide basis as well as nationally and seeks constantly to drive down prices by standardising what it sells and how it operates. It treats the world as composed of a few standardised markets rather than
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Global Marketing - Case OREO INSTRUCTIONS: Watch the video “ Oreo” and respond the following questions in Blackboard: 1. What kinds of consumer research should be undertaken in each country to determine the appropriate extent of adaptation of the marketing mix for Oreos. * As the video mentions they had to investigate the frequency at which people buy in the stores because in Brazil or Venezuela the people don’t have much space to their food in their houses or they eat them in their
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to the right. These are the parts of advertisement that we don’t think about when looking to buy something we necessarily weren’t interested in but was brought to our attention. This Pepsi ad is a rather interesting way the company chose to persuade an audience into buying their product. In this case Pepsi‚ the soft drink company‚ is focusing on rather young audience. As mentioned before‚ focusing on a specific age group or style of group is more effective in getting more customers for the
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