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5920522
Concept of International Marketing
Descripción
Marketing, concept of international Markting
Sin etiquetas
concept of international marketing
ingles de negocios
lenguas modernas
marketing.
Mapa Mental por
LIZLAFAN Elizabeth Laguna
, actualizado hace más de 1 año
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Creado por
LIZLAFAN Elizabeth Laguna
hace más de 8 años
33
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Resumen del Recurso
Concept of International Marketing
PROCESS
The needs and wants of costumers
Best method for satisfy needs
Guide the company based on the needs
Meeting Organizational objetives.
Process
STEP
1. Situation Analysis
5 C Analysis
PEST analysis
SWOT analysis
2. Marketing Strategy
Segmentation
Targeting (Target market selection)
Positioning the product within the target market
Value proposition to the target market
3. Marketing Mix Decisions
Product
Pricing decisions
Distribution contracts
Promotional campaign development
IMPLEMENTATION AND CONTROL
Need
Physical
food, clothing, warmth & safety etc...
Social
belonging, affection
Individual
knowledge, self expression
Wants
Demands
Products
Quality
Exchange
MULTINATIONAL CORPORATION MNCS
International corporation, a "transnational corporation"
Since cheap labor and raw material inputs are located in other countries,
The salient features of MNCs:
Huge Assets and Turnover
International Operations Through a Network of Branches
Unity of Control
Advanced and Sophisticated Technology
Professional Management
Aggressive Advertising and Marketing
MARKET ENTRY STRATEGIES
Direct Exporting
selling directly into the market you have chosen
Licensing
where a firm transfers the rights to the use of a product or service to another firm
Franchising
For companies with Repeatable models
Piggybacking
Products are sold to domestic companies
INTERNATIONAL ECONOMIC INSTITUTIONS
These institutions aim to provide a level playing field for all the countries and develop economic cooperation.
World Trade Organization
WTO to replace the General Agreement on Tariffs and Trade (GATT)
The main objectives
Raising the standard of living
Ensuring that developing countries have better share of growth
Introducing sustainable development
Differences between GATT and WTO
The GATT applies to title "provisional"
GATT rules applied to trade in goods
WTO is faster and more automatic
TRIPS
Agreement on Trade-Related Aspects of Intellectual Property Rights
intellectual property
Recursos multimedia adjuntos
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