Global marketing
-
Upload
sai-precious -
Category
Marketing
-
view
83 -
download
0
Transcript of Global marketing
![Page 1: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/1.jpg)
Global Marketin
g
PRESENTED BY:B.SAI KIRAN
(12NA1E0036)
![Page 2: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/2.jpg)
The coordinated performance of marketing activities to create exchanges across countries that satisfy individual, organizational , and societal objectives
Global marketing is conducted across countries (not domestic or foreign)
Global marketing coordinates activities across different country markets
Global marketing should be motivated by individual, organizational and societal goals
Global Marketing
![Page 3: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/3.jpg)
Core Business Strategy
CountryA
CountryB
CountryC
CountryD
Develop CoreBusiness Strategy
Internationalizethe Strategy
Globalizethe Strategy
Global Marketing Evolution
![Page 4: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/4.jpg)
What is Internationalization ?• As the process of increasing involvement in international
operations.
Why consider going international ?
• To increase overall customer base.• To offset seasonal fluctuations in local markets• To minimize risk of losing market share to clients who themselves use internet to find goods / services in overseas markets• To offset increasing costs of doing business at home• To gain prestige with customers at home .
![Page 5: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/5.jpg)
Internationalization
Advantage • Spreading business risk• Opportunity to exploit an existing
competitive edge in new markets• Expansion of brand awareness to
new audiences• Increased revenue generation• Possibility of accessing new
technologies / information• Business can be conducted via the
internet thus shortening the communication channels between customers and markets
Disadvantage • cultural and language
barriers• exchange rate fluctuations• religious beliefs• government regulations /
policy on profit repatriation• political instability• economic downturn.
![Page 6: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/6.jpg)
Major International Marketing Decisions
![Page 7: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/7.jpg)
Strategy to enter into International Market.
• Export• Involves using domestic plants as a production base for exporting to
foreign markets.
• Licensing• Has valuable technical know-how or a patented product but does not have
international capabilities or resources to enter foreign markets
• Franchise• Often is better suited to global expansion efforts of service and retailing
enterprise by establishing franchise in particular country.
![Page 8: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/8.jpg)
• Strategic alliance• Through strategic alliance you can enter into international market.
• Global strategy• Pursue basic strategy world wide.• Sell the same products under the same brand• Production plants located local efficiencies • Best suppliers from anywhere• Coordinated marketing and distribution worldwide
• Multi country strategy• Production plants in each country
– Producing products for that country– Using local suppliers where possible
![Page 9: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/9.jpg)
• Strategic alliance• Through strategic alliance you can enter into international market.
• Global strategy• Pursue basic strategy world wide.• Sell the same products under the same brand• Production plants located local efficiencies • Best suppliers from anywhere• Coordinated marketing and distribution worldwide
• Multi country strategy• Production plants in each country
– Producing products for that country– Using local suppliers where possible
![Page 10: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/10.jpg)
CHALLENGES to enter International market
While choosing new markets, MNCs need to consider several factors:
1) Micro factor
2) Macro factor
![Page 11: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/11.jpg)
Micro factor
• Political/regulatory environment.Tariff barriers - taxes on imports paid to customs officials - include Nontariff barriers• Financial/economic environment.Exchange rate - price of one currency in relation to
anotherFiscal policiesMonetary policy• Socio cultural issues and technological infrastructure.Understanding the local culture is the most profitable way
of marketing product and services.
![Page 12: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/12.jpg)
Macro factor• Competitive considerations.
• Local infrastructure such as transportation & logistics network.
• Availability of mass media for advertising is important.
![Page 13: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/13.jpg)
Implementing Global Marketing
Success will come from a balance between local and regional / global concerns.
“Think globally, act locally” is the operative phrase for global marketers competing in country markets.
Product choices should consider individual markets as well as transfer products from one region to another.
![Page 14: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/14.jpg)
Localizing Global Marketing Management processes - Enhance the global transfer of communications - Interchange personnel to gain experience abroad Headquarters should coordinate and leverage
resources Permit local managers to develop their own
programs within defined parameters
![Page 15: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/15.jpg)
CONCLUSION: I conclude that when firm goes to
globalization it has a lot of growth & development which leads always in good profit motive.
![Page 16: Global marketing](https://reader035.fdocuments.us/reader035/viewer/2022062702/554938ecb4c905054d8b49a9/html5/thumbnails/16.jpg)