This portfolio covers the principles of international marketing, the failure of Starbucks in Australia, international production, outsourcing, logistics, Amazon's global logistics, ethics, and corporate social responsibility. The document also includes the author's observations and opinions on the topics.
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Running Head : PORTFOLIO Portfolio Name of the Student Name of the University Author Note
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1PORTFOLIO Week 1: Entering Foreign Markets In this week, we were taught about the principles of International marketing.These marketing principles are used for satisfying the different needs of different types of customers who reside across the national borders(Mathews et al. 2016). The international marketing is also known as the global marketing and related to designing the marketing mix such as the product, price, place , promotion worldwide along with customizing it as per the preferences of the different people(Chan and Parhankangas 2017). The week lectures taught us about the increased economies of scale, the high-profit opportunities in the international market, huge market share, elongated life of the product, Untapped International market found from marketing internationally. The second activity of this week was about the failure of Starbucks in gaining the Australian market.The video revealed the reason of why there is no Starbucks in Australia. In the year 2008, the company was bound to close almost 70 % of the underperforming locations having left only 23 stores in the whole continent of Australia. In spite of Australia’s fascination for coffee, Starbucks could not succeed as it did in other countries(CNBC.com 2019). The company opened its first store in Australia in the year 2000. I completely agree with the problem of Starbucks as pointed out by Ashley Turner. He suggested that after launching, Starbucks’ rapid expansion in the continent did not give time and scope to the Australian consumers for developing an appetite for the brand. Australia already had a thriving coffee culture which became challenging for the American brand and it did not fit into the Australian tastes. The company suffered from $ 105million loss bit still trying slowly but steadily enter into the parts of the continent.I believe it is one of the biggest principles of the international marketing to explore the market demands, the competitors, the substitute, the economic, political, environmental and other
2PORTFOLIO conditions of the particular country. As per my observations and knowledge gained from the lecture and activities of this week, had the principles of international marketing been followed by Starbucks, the scenario would have been better. There are couple of aspects which went wrong. One of the problems is Starbucks’ failure to localize the business model. Starbucks did not do its homework(De Mooij 2015). In the rush of avoiding the food spoil, it repeated one of the biggest strategic mistakes made in America having added cheese sandwiches to the menu.In a nutshell, Starbucks had the Greek problem as it could not analyse the tastes of the Australian people. Week 6- International Production, Outsourcing and Logistics The major focus of this week was on the international production, outsourcing and logistics which are essential part of any business marketing locally or globally.The lectures of this week were helpful in demonstrating that the firms need to identify the production and the logistics which can be conducted in order to reduce the costs of value creation and add value to the customer needs(Arvis et al. 2018). In this regard, the production refers to those activities which are involved in the creation of a product. At the same time, it has also been taught that the logistics is the procurement of the materials by the supply chain to the customers from the suppliers. I have learnt that in order to cut down the costs, the firms can disperse the production only to those particular locations where the activities can be well – performed.The activity of this week was based on watching the video on the Global Logistics of Amazon.The Amazon global logistics has brought all the global technologies together in its supply chain to make the world a better place. Thereisan efficientteamofsoftwareengineers,productmanagersandother professionals to make the products move around the globe.The moment the orders are placed by the consumers, the journey begins and reaches the destination through the logistics
3PORTFOLIO management software, the transportation system and shipping process.The products are easilytraceableuntilitreachesthedestination.Therefore,itcanbesaidtobethe collaborative effort of the efficient hardware and software systems(YouTube.com 2019). As evident from the well –structured service delivery system supported by the innovative technologies,I would like to say that the right type of technology can significantly change and improve the customer service experience in future. Technology enhances the services and leaves bigger impact on the way the services are delivered and satisfies the customers. The searching options and the online platforms have expanded to let the customers search the product they want instantly. The cloud base applications help in the customer service management. The mobile technology is probably the best way to reach the customers and communicate with them about their demands.I have also found from deeper research that the advanced logistics technologies will initiate a faster, a cheaper and more sustainable circulation of the goods. The uber-ization of trucking, the robotization of the warehouses, the augmented reality and the wearables are the three tech trends on the verge of shaping the future of the global logistics(Fabbe-Costes and Colin 2017). The smartphone apps, the GPS technologies will remove the boundaries between the roads and the factories. The sophisticated tracking software is also making the delivery of the shipments easier, faster, managing the schedules, monitoring the cargo, planning the routes and avoiding delays too. Since the world has become more technology oriented, the technical skills are the most required to fulfil the skill gaps. The gaps are at all levels which need to be fulfilled such as starting from the senior management to the operational level. The specialized knowledge ofthepractices,properhandlingoftechnologyarethemostneededalongwiththe communication skills, the information technology , warehousing, transportation techniques and others.
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4PORTFOLIO Week 7: Ethics and Corporate Social Responsibility The topic of this week was the corporate social responsibilities and the ethics organizations should maintain in the business world.It has provided us with better insight into the concepts related to ethics and CSR. The business ethics are the moral guidelines for the conduction of the business founded on the ideas of what is right and what is wrong. The Corporate social responsibility has been described as a business philosophy which stress on the need for the firms fulfil all the responsibilities as good corporate citizens. It is also about the concern of not conducting the marketing which causes harm to the environment or the society(The World Counts.com 2019).The CSR must be encouraged in every organization as it pays off in future, involves the short-term sacrifice and long term profit. The activity of this week guided use to follow the data on the child labour facts and statistics. As per my observations, the existence f the child labour in the era of technology and communication is the most striking fact. It can be referred to as the biggest roadblock to the human rights worldwide.It is extremely shameful that more than 200 million children are caged under child labour and 120 million of that are engaged in hazardous work. However, I have found this to be a line of hope that the amount has dropped from 245 million to 168 million between the years 2000- 2012.The social awareness has to be increased in this regard. I believe it can be only stopped by not buying products sold by a child. The companies have a crucial role to play here. They can easily contribute to the society by not employing children in their business. It will enhance their CSR and make them more ethical in their business practices.
5PORTFOLIO Bibliography Arvis, J.F., Ojala, L., Wiederer, C., Shepherd, B., Raj, A., Dairabayeva, K. and Kiiski, T., 2018.Connecting to Compete 2018: Trade Logistics in the Global Economy. World Bank. Chan, C.R. and Parhankangas, A., 2017. Crowdfunding innovative ideas: How incremental andradicalinnovativenessinfluencefundingoutcomes.EntrepreneurshipTheoryand Practice,41(2), pp.237-263. CNBC.com(2019).WhytherearealmostnoStarbucksinAustralia.[online]CNBC. Availableat:https://www.cnbc.com/2018/07/20/starbucks-australia-coffee-failure.html [Accessed 22 May 2019]. De Mooij, M., 2015. Cross-cultural research in international marketing: clearing up some of the confusion.International Marketing Review,32(6), pp.646-662. Fabbe-Costes, N. and Colin, J., 2017. Formulating logistics strategy. InGlobal Logistics And Distribution Planning(pp. 83-104). Routledge. Mathews, S., Bianchi, C., Perks, K.J., Healy, M. and Wickramasekera, R., 2016. Internet marketing capabilities and international market growth.International Business Review,25(4), pp.820-830. The World Counts.com (2019).Child Labor Facts and Statistics. [online] The World Counts. Availableat:http://www.theworldcounts.com/stories/Child-Labor-Facts-and-Statistics [Accessed 22 May 2019]. YouTube.com (2019).Amazon Global Logistics Technology. [online] YouTube. Available at: https://www.youtube.com/watch?v=1PHwq1-f62k [Accessed 22 May 2019].