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Transcript
21
Tapping Into
Global Markets
Marketing Management, 13th ed
What is a Global Firm?
A global firm is one that operates in
more than one country and captures
R&D, production, logistical, marketing,
and financial advantages in its costs
and reputation that are not available to
purely domestic competitors.
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-2
Major Decisions in
International Marketing
Deciding whether to go
Deciding which markets to enter
Deciding how to enter
Deciding on the
marketing program
Deciding on the
marketing organization
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-3
Four Stages of
Internationalization
No regular export activities
Export via independent agents
Establish sales subsidiaries
Establish production
facilities abroad
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-4
Desired Country
Characteristics for Market Entry
• Rank high on market
attractiveness
• Rank low in market
risk
• Possess a competitive
advantage
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-5
Figure 21.2 Five Modes of Entry into
Foreign Markets
Indirect
exporting
Direct
exporting
Licensing
Joint
ventures
Direct
investment
Commitment, Risk, Control, Profit Potential
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-6
Table 21.2 Global Marketing
Advantages
• Economies of scale
• Lower marketing costs
• Power and scope
• Consistency in brand
image
• Ability to leverage
• Uniformity of marketing
practices
Disadvantages
• Differences in
consumer needs,
wants, usage patterns
• Differences in
consumer response to
marketing mix
• Differences in brand
development process
• Differences in
environment
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-7
What Marketing Aspects Might Be
Adapted for International Marketing?
•
•
•
•
•
•
Product features
Labeling
Colors
Materials
Sales promotion
Advertising media
• Brand name
• Packaging
• Advertising
execution
• Prices
• Advertising themes
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-8
Figure 21.3 International Product and
Communication Strategies
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
21-9