International Market Strategies: Justification of References Report

This assignment presents a detailed justification of references used in an international market report, highlighting the importance of strategic planning, globalization, and competitive advantage. The report emphasizes the need for businesses to develop robust intellectual property strategies, understand the implications of globalization, and navigate intense market competition. It covers various aspects of international business, including legal consequences, technological advancements, and the challenges of remote working, stressing the significance of adapting strategies to social and cultural differences. The report concludes by emphasizing the importance of developing appropriate strategies for success in international markets, noting that trading across borders requires careful planning and attention to cultural nuances to ensure profitability and long-term sustainability. Desklib offers a wealth of similar assignments and study tools for students.

JUSTIFICATION OF
REFERENCES

Ali, S. and Tang, H., 2022. Is intellectual property beneficial to knowledge management?
Literature review on organizational knowledge protection. Journal of the Knowledge Economy,
pp.1-19.
Application of the formal strategic planning within organization is thereby essential for a
value generation within marketplace and to retain for a significant time period (Ali and Tang,
2022).
JUSTIFICATION- This reference is used by me in this sentence because it gives the
information about how strategic planning for intellectual properties are important for businesses.
It is important for an organization to develop the right intellectual property strategy, so that the
business assets are safe and secure. Businesses fail to understand the importance to acquire
intellectual property rights, thus it is important for businesses to have a proper knowledge which
helps them financially and legally. IP also helps the companies to gain competitive advantage
over its customers.
Asmussen, C.G., Hashai, N. and Delios, A., 2022. The coevolution of international scope and
technological knowledge in MNCs. Journal of World Business, 57(1), p.101285.
Inference of the globalization is a way of conducting any business through which its
services and products is promoted and advertised in different areas of the nations present across
the world (Asmussen, Hashai and Delios, 2022).
JUSTIFICATION- This reference is used by me in this line because it gives the
information about the scope that globalization provides to the businesses. By going international
the business can keep up with the changing technological trends in the market. International
trade allows the businesses to promote and advertised the products in different areas and to
different customers.

Bhukya, R. and et. al., 2022. Forty years of European Management Journal: A bibliometric
overview. European Management Journal, 40(1), pp.10-28.
Rivalry is ferocious- in tern of the rivalry, competition is very intense within global market and
adherence toward compliance in respect to requirement of the tactical marketing strategy is
compulsory that help in competing in market with the scope of retaining in business for a long
time period (Bhukya and et. al., 2022).
JUSTIFICATION- This reference is used by me in this sentence because it gives the information
about how competition is very intense in European markets. After BREXIT the competition in
European markets is continuously rising among the organizations. It is important for businesses
to safeguard their interests in the industry. So businesses are required to make strategies
according to the competitors in the European market to retain their their place for a long term.
Bolton, R.N. and et. al., 2022. Managing a global retail brand in different markets: meta-analyses
of customer responses to service encounters. Journal of Retailing, 98(2), pp.294-314.
Disrespect of the ordinance by business management can generate legal consequences in
operations of an organization (Bolton and et. al., 2022).
JUSTIFICATION- This reference is used by me in this sentence because it gives the information
about the legal consequences in global retail market business. The retail business is complex in
foreign markets, as the people are from different countries and prioritize different products and
services. Businesses have to face legal consequences as there are restrictions imposed on the
pricing of items. This had caused decrease in the business of retail brands in global markets.
Chang, E.P., Zare, S. and Ramadani, V., 2022. How a larger family business is different from a
non-family one?. Journal of Business Research, 139, pp.292-302.

Aspect of the technical advancement can obsolete the already establishing machinery or
equipment which are being exploited to conduct the organizational operation activities. (Chang,
Zare, and Ramadani, 2022).
JUSTIFICATION- This reference is used by me because it gives the information that in a large
family business, technologies are used less as the members are there to operate business
operations. But in a nuclear family there are no members so the use of technologies and
advanced machines is required in doing business operations.
Delany, K., 2022. What challenges will organisations face transitioning for the first time to the
new normal of remote working?. Human Resource Development International, pp.1-9.
Interpretation of macro environment insinuations is prevailing within marketplace to take care of
all the internationalist strategies and approaches elan(D y, 2022).
T AT T i re erence i ed me eca e it i e t e in ormation a o t t e e ternalJUS IFIC ION- h s f s us by b us g v s h f b u h x
en ironment c allen e ic a e to e aced a ine t i important or a ine to anal ev h g s wh h h v b f by bus ss. I s f bus ss yz
t e macro en ironment in t e mar etplace to attract more c tomer Anal in international mar eth v h k us s. yz g k s
ill e a c allen e or or ani ation a t ere are di erent c tomer a e and t eir pre erence arew b h g f g z s s h ff us b s s h f s
di erentff .
Jwijati, I. and et. al., 2022. Impact of national culture on performance measurement systems in
manufacturing firms. Production Planning & Control, pp.1-16.
The licensee will address the costs which are collected and publicizing in the new market (Jwijati
and et. al., 2022).
JUSTIFICATION- This reference is used by me because it gives the information about the
impacts which have to be beard by the licensee in manufacturing firms. This line is giving the
general concept of performance measurement by the manufacturing firms. The cost have to be
given by the manufacturing firms and it impact the profits of businesses.

Kim, D., 2022. Timing game: postgraduate lives of Vietnamese and Mongolian students from
Korean regional universities. Globalisation, Societies and Education, pp.1-11.
It needs a lot of money to bear the costs of things such as development, premises and staff (Kim,
D., 2022).
JUSTIFICATION- This reference is used by me because it gives the information about the costs
which students have to bear in doing postgraduate in Vietnam. Post graduation helps students
gain expertise in particular subjects and help in personal development. But the cost is high and
have to be bear by the students itself.
Kubovcikova, A. and van Bakel, M., 2022. Social support abroad: How do self-initiated
expatriates gain support through their social networks?. International Business Review, 31(1),
p.101894.
It is also recognized as Ownership, Location and Internalization structure, that is considered as a
three tired evaluation construction which should be adopted by the organization when attempting
for determine the Foreign Direct Investment (Kubovcikova and van Bakel, 2022).
JUSTIFICATION- This reference is used by me in this line because it is giving the information
about the social support that businesses give to the society. It is giving the information that self-
initiated expatriates helps the owners to recognize the international structure of the business and
try to evaluate the strategies which have to be adopted to gain Foreign Direct Investment.
Mostafiz, M.I., Sambasivan, M. and Goh, S.K., 2022. Foreign market knowledge, international
opportunity recognition, and the performance of export‐manufacturing firms. Strategic
Change, 31(1), pp.179-191.
Outcome of the Swedish researchers, Johanson and Wiedersheim-Paul and in the year during
1975, was germination of the Uppsala model whose spotlight of interest is on development of
internationalization procedure. It aid in presentment of sequential approaches, interpreting
towards an increment in internalization (Mostafiz, Sambasivan, and Goh, 2022).

JUSTIFICATION- This reference is used by me in this line because it is giving the information
about the foreign markets. This line is analyzing about the development and performance of the
export manufacturing firms. The international firms present the sequential approaches on
globalization. Also it gives the information about the opportunities which are recognized by the
businesses while working with the foreign clients.
Mouzas, S. and Bauer, F., 2022. Rethinking business performance in global value chains.
Journal of Business Research, 144, pp.679-689.
Mukherjee, D. and et. al., 2022. Mapping five decades of international business and management
research on India: A bibliometric analysis and future directions. Journal of Business
Research, 145, pp.864-891.
Efforts are very systematic in such a sense which “springboard” steps are premeditated
consciously as an effectively plan that enable the company’s evolution and long term strategy for
establishing more solidly competitive position within global marketplace (Mouzas and Bauer,
2022).
JUSTIFICATION- This reference is used by me in this line because it gives the details about the
research in international business and management. In businesses long term strategies are made
to attract international customers. The managers make efforts in international businesses to
evolve the strategies. This increases the competition in the global marketplace, giving customers
the different options of products and companies to buy from.
Wehrle, M. and et. al., 2022. The impact of digitalization on the future of the PSM function
managing purchasing and innovation in new product development–Evidence from a Delphi
study. Journal of Purchasing and Supply Management, 28(2), p.100732.
already existing establishment in external business world may prove to be ascendant, because of
an influential position that they have within market place (Wehrle and et. al., 2022).

JUSTIFICATION-This reference is used by me in this line because it gives the information
about the managing functions and the power of businesses to innovate new product. It also gives
the information about the impact that external factors have on innovating new products and
services. Also the positions of businesses are effected as the customers purchasing power is
directly affecting the external environment of the business.
From this report I have gained the knowledge about how to manage international markets. This
report is giving proper justification about how a business manager is benefited from expanding
their business in international markets. In this report I have analysed that trading across borders
will not give profits unless proper strategies are developed. It is important for business owners
that they pay attention to social and cultural differences of customers, so that strategies can be
made accordingly. This report is done in this structure by me because the brief is already
provided by the client and I have to follow the P's and according to them I have completed the
requirements of the client in sequence. Also I have to correlate the topics with each other to
make the file effective in accordance with the client.