International Marketing: Approaches, 4Ps, and Competitor Analysis

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Added on  2022/12/28

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This presentation provides an overview of international marketing, focusing on key concepts and strategies. It begins with an introduction to international markets and then delves into a debate comparing global and local market approaches, highlighting their respective risks and scales of operation. The presentation then explores the 4Ps of the marketing mix (product, price, place, and promotion) as applied to a case study of Airdi, examining how these elements are adapted for international markets. Various international marketing approaches, including multinational, global, and transnational strategies, are discussed. Furthermore, the presentation compares home and international market orientations, emphasizing the importance of understanding market similarities and differences. The conclusion summarizes the impact of the 4Ps on both international and national markets, reinforcing the benefits of international expansion while acknowledging the associated risks. References to relevant academic sources are also included.
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International Marketing
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Table of Content
Introduction
Debate on global V/s local market
4P’s of Airdi
International marketing approaches
Comparison of home and international orientation & ways to have assess
competitors
Conclusion
References
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Introduction
International market is the when a business perform its operations outside the
domestic boundaries of country or region. This PPT will discuss about the 4 P’s of
marketing mix, international marketing approach and also a debate upon local and
global market.
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Debate on global V/s local market
Marketing accompanies significant expense; hence, it is important to be arranged and plan that
cost in best way. To accomplish this, it is needed to basically assess different sorts of
showcasing procedures accessible for both neighbourhood promoting and worldwide
advertising. An examination is needed to by each organization to upgrade its deals too in
improving benefit. Beneath referenced are a portion of the vital contentions among local and
International market:
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Cont..
BASIS LOCAL MARKETING GLOBAL MARKETING
Risk and ease Danger related is similarly low
and it's not difficult to convey that
as generally the promoting group
knows about neighbourhood
market.
Worldwide advertising is more
intricate just as incorporates high
danger for organization.
Scale of operations The exercises inside this are
limited to local market.
In this organization needs to play
out its creation, deals,
advancement and other operational
exercises at worldwide market
territory.
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4P’s of Airdi
Marketing mix is a critical angle inside building up a business in new market
portions and to help execution of their business too. For all the organizations this is
fundamental that they use approach of advertising blend in adequate manner so
business tasks can be acted in better manner. Showcasing blend is related with 4P's,
for example, item, value, place, advancement. Under these various ideas are
investigated, for example, client conduct, socioeconomics, places and so on the
organization is willing to their business tasks in India and for this it is exceptionally
vital that they comprehend ideas of promoting blend in simple way.
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Cont..
Element United Kingdom International Markets
Product The organization is engaged with assembling hand
dryers to fulfil necessities of their neighbourhood
and worldwide clients. The organization is having
significant items range called: Airdri Quad Hand
Dryer, The Airdri Quantum Hand Dryer, The Airdri
Quest Hand Dryer and numerous more.
The organization is imperative to grow needs as
indicated by prerequisite of their clients in order to
improve their client base in new market.
Price Price The organization is utilizing
moderate valuing to limit costing of their items.
This is assisting the organization with boosting their
benefits and meeting significant thought process of
their business.
The organization may receive differed valuing
methodologies to see needs and requests of their
clients. For this serious estimating technique can be
selected via Airdri so that to acquire upper hand
over their opponents.
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International marketing approaches
There are differed approaches that can be utilized by organizations to give worldwide
showcasing to their business. Selection of these exercises drives the business to breathe in
market achievement and unmistakable quality also in best way. Airdri is need to receive
reasonable angle for their business with the goal that they can support in global business
sectors. These methodologies are explained as under:
Multinational: The organization is having their business tasks at different nations and then
again there are various opponents which are contributions comparable administrations and
items too. This sort of organizations is having their tasks in various areas for example
McDonald’s (Falah at, Knight and Alon, 2018).
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Cont..
Global: This is related with those business associations that are tasks at different piece of
the globe. These associations are having shifted authoritative culture in which they can
build up conspicuous speed in pulling in high clients inside their business contributions.
For instance: Starbucks (Sheth, J., 2017).
Transnational: These associations are profoundly intricate in dealing with their tasks.
These business associations are having capacities in more than one country and they give
their item and administrations to various nations also. For instance: Nestle
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Comparison of home and international orientation
& ways to have assess competitors
Home direction: This is characterized as the methodology under which business can utilize
different limited time channels to advance their items and administrations inside market. Under
home direction organizations are attempting to perceive different similitudes in order to
perceive tendency. This is expected that when an item or administration is effective inside
nearby market then that will be noticeable in worldwide market too.
Suggestion: This could be useful for Airdri to build up their market area inside homegrown
and worldwide market too.
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Cont..
Worldwide direction: This is useful to decide separation and similitudes inside shifted
market region. This is imperative for the organization that they comprehend these holes and
similitudes in conspicuous way so that to manage worldwide business sectors. With the
assistance of this methodology Airdri can perceive holes which are existed inside worldwide
market to release worldwide market.
Suggestion: This methodology is useful to achieve upper hand on the lookout and to manage
rivals in refined way.
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CONCLUSION
From the PPT presented above, the impact of 4P’s upon both international and
national market has been presented. From the debate upon local and global market it
can be conclude that it will be very beneficiary for company if they expand their
business at the international level. But apart from this the high level of risk is also
involved in that.
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REFERENCES
Dangelico, R.M. and Vocalelli, D., 2017. “Green Marketing”: an analysis of definitions,
strategy steps, and tools through a systematic review of the literature. Journal of Cleaner
Production, 165, pp.1263-1279.
Hosseini, S., and et al., 2019. Cloud computing utilization and mitigation of informational and
marketing barriers of the SMEs from the emerging markets: Evidence from Iran and
Turkey. International Journal of Information Management, 46, pp.54-69.
Sheth, J., 2017. Revitalizing relationship marketing. Journal of Services Marketing.
Falahat, M., Knight, G. and Alon, I., 2018. Orientations and capabilities of born global firms
from emerging markets. International Marketing Review.
Liang, C.C. and Nguyen, N.L., 2018. Marketing strategy of internet-banking service based on
perceptions of service quality in Vietnam. Electronic commerce research, 18(3), pp.629-646.
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