Assignment:
Global Marketing Management
Internationalization
Entry mode
Market attractiveness
Eprg framework
Segmentation, targeting, positioning
Standardization and customization
Evidence for assessment:
International business involves any business transaction between parties from more than one couny.It includes such activities as buying and selling raw materials, inputs or finished products across borders, operating plants in other countries to take advantage of local resources, and borrowing money in one country to finance operations in a second country.
International business is different from domestic business in that it necessarily involves transactions that cross national borders while domestic business does not. Thus, at least one party will have to adjust to a different legal, economic, and cultural system; convert its currency into the other party's currency; and make changes in how products are produced or the types of products that are producd.
A truly global firm can be:
• One that has embraced the rising growth of technology as an enabler of business across borders.
• A firm that has learned to adapt to changes in the political environment.
• A firm that maintains a ‘global mind-set' in terms of its supply chain, its customers, and its markets.
Please choose a foreign company / brand that is selling in the UK marketplace. Suggest the factors that made the UK an attractive market for the company / brand.
Please consider the following factors:
1. Company vision, mission and values
2. Triggers for export initiation
3. Environmental analysis (Macro, Micro, Meso)
4. Entry mode
5. Market attractiveness:
a. STP & Customer
b. Competition
c. Etc....
6. Standardization / adaption of the marketing mix:
a. Product
b. Place
c. Price
d. Promotion
7. What significant changes did the brand make in order to trade successfully in UK?
GUIDANCE ONSTRUCTURE:
Below is a suggested structure and content that you are expected to use for your project:
Title Sheet
Course title and year
Your name
Title of your Report indicating your brand name
Executive Summary
Usually written last
200-250 words (excluding from report word count) on one page
A short summary of the report including the main features of your proposal, as well as conclusions and recommendations
Contents Page
Shows each section of the report and the page number on which it starts
List of tables/illustrations (if any) indicating all numbered tables (or charts, graphs, etc.) / illustrations and their respective pages in the report
NB: Page one comes immediately after the contents page or the list of tables/illustrations
Each section and sub-section is numbered, e.g.
Introduction
Background of your report & the company chosen
Brief history
Company profile
Findings
Main body of the report, formatted in a logical way.
Your report should not simply be subjective, but will need to clearly demonstrate your understandig of relevant theory as taught and contained in the reading list text books.
May include diagrams, graphs and flow charts if these help to convey your information concisely
Conclusions & Recommendations
Conclude your report by summarising the rationale of the launch and your marketing plan
You may make recommendations for the medium to long term marketing approach as appropriate