INTRODUCTION International Marketing is described as the results of business operations aimed at planning, pricing, promoting and directing the distribution of products or services to customers or clients in further than one country for gain(Alon and et.al, 2016). The only distinction among regional marketing terms and global marketing is that marketing operations occur in many more than one country during the latter situation. The marketing goal stays very well for advertisers, regardless of whether domestic or foreign. The goal is to create money by selling geographically demanding goods or services. Moving Worldwide passes hand in hand with many difficulties, apart from production modifications and fresh regulatory structures, global advertising is one of the biggest obstacles to be addressed, but it can be managed with a few understanding and some guidance. Hallmark mayonnaise is popular company that provide mayonnaise in different countries for different customer. The company wants to expand their business at global level to make the product appeal to customers across all markets they have looked into the 4P's of global marketing. It will help to meet only the people but also their habits as they want to have a global presence. Most of the market have different cultural so global marketers decide to interact with marketing programme in an industry(Bang, Joshi and Singh, 2016). In the report consist of scope and key concepts of international marketing, rationale for the business and critical analysis of opportunities and threat. Along with analysis different market entry strategies and their advantage and disadvantages than provide recommendations to team for international trading blocs and agreement for Hallmark Mayonnaise. Additionally, key elements of global vs local debate and provide differences between merchandise and service import and export. Define approaches of product, pricing, promotional and distribution to analysis the decision of adaption and standardization. TASK 1 Scope and concept of international marketing Hallmark mayonnaiseisa very famousandbestsellingmayonnaise in London's Northwest that thinks in “Distinct individuals need distinct Mayo's”. The company mainly concentrate on business entity to select honourable and clear approach for formulate business operations. The company wants to cover large market and expand their business activities into different countries. It provide its product at fair price in Australia that is known as well
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
developed nation and form have chance to spread out its operations in several areas in efficient way. Concept of international marketing: It is the application of marketing principles to satisfy the varied needs and wants of several individuals occupy the across national borders. The international marketing is covering different market activities in more than one nation. It is also known as global marketing. There are three international marketing concept like - 1.Orientation to foreign trade 2.Guidance to sales in foreign markets 3.Orientation to international marketing Through international marketing present the performance of different business activities to designed plan, price, promote and direct the flow of a company's goods and services to end users in more than period of time(Boso, Debrah and Amankwah-Amoah, 2018). Different concepts linked with global marketing that important for involve by supervisor of marketing division: Recognise and analysis of individual's behaviour who living in Australia. Launch mayonnaise into different countries to increase taste of customers. Set fair price of product according to income level of individuals Scope of International marketing:All the business activities such as development, production and marketing especially in case of high tech products include individuals from around the world to work together. Since the number of potential markets is developing so it is essential to complete information and get out from mess. There are defined scope of the international marketing in the context of Hallmark Mayonnaise. For international marketing company following these marketing strategy that helps to Hallmark mayonnaise to enter into the market - Ethnocentric:Ethnocentric strategy will be best suited for small businesses only joining global operations. If business is small and want to invest money into international market to enter into foreign market in overseas functions. Before enter require to analysis of foreign country to recognise characteristics of similar to native nation and sell to them. This strategy seems most fitting whenever the number of sales in foreign countries is negligible compared to the company's total sales.
Poly-centric:Poly-centric will be fainted for businesses that are completely committed to global marketing and will be likely to invest to the degree needed to reach their goals. The benefit of this strategy that it will be most impressive path to encourage of management. As a result management provide a free hand to set rules and apply them accordingly. The another benefit of this strategy that chances of knowing the client better and supreme degree of marketing orientation. Geocentric:The particular strategy apply for global attitude and effectively develop marketing strategy. Through the approach create coordination and control. The particular policies based on high cost. It may prove more successful area like manufacturing and research than in marketing. If company wants enough data regarding to foreign market situation, set target segment so it will be recognised on a regional or global basis and build up suitable approach. Regiocentric:Accordingtothisstrategyconductforeignactivitiesthroughan organisation where identify the common features in nation happiness to a specific geographical region. Therefore apply the similar approach in all the selected countries as per the region. Justification: Hallmark mayonnaise select geocentric strategy because in this strategy have less risk to compare other strategy on the part of firm. Since not much investment is develop according to international activities. If company face any type of loss so they can easily settle amount without any problem. All other three strategy based on high cost and for investment require tofollow different procedure. So geocentric strategy is suitable for the company. PESTLE Analysis of the global business environment Analysis of global business environment- Examination of a business's global climate is called global environmental examination. This research is one of the evaluation process of a business, that also includes other analyses, such as the assessment of the sector, the evaluation of the business and the evaluation of businesses, consumers and rivals. It is classified into two parts first one id macro and second micro level. In this analysis many factors play crucial role such as economical, social and others. In the context of Hallmark Mayonnaise conduct PESTLE analysis of Australia where they are operating business activities in effective manner.
Political factorAustralia is one of the most powerful country in the world and famous for foreign direct investment. In the Australia many companies invest into different businesses and current corporation tax rate for company profit is 19% and in the future it will be 17%. Economical factorAustralia is known as fifth largest economy in the world by nominal GDP. There are current minimum wage in the age of 25 and over is £7.50 per hour that will be increased. Social FactorThere are analysing national statistics, the population of Australia was £65.6 million in 2016. Australia providing various chances to new businessmen in different sector. Technological factorAustralia based on advance technology in the world and hub of financial & non financial technologies. Australia invest about £28 billion into technology. Legal factorAustralia set several act in the context of business and employment such as the employment act 1996, equality act 210 etc. Environmental factorAustraliagovernmentcreateawarenessregarding environment changes and take steps to deduct economic growth that impact in negative manner on environment. Analysis of global business environment to operate and rational for the business provide several way Analysis and apply the correct instrument for spread out business concern dealing in global perspective that is called as essential purpose of a entities. It support to business conduct business activities effectively and achieve set goal and objectives. There are several elements that motivate to business for moving in international place(Duffett, 2017).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
High Population: The main reason of provide products at large level due to increase population of Australia. There are selling products effectively and generate profits.High Demand: To conduct business activities at international level require to high demand of particular product at international level. It helps to increase market share and profit of business. Growth Rate: Company select develop country to spread out their business activities. The main cause of the increment that get opportunity of entity's commodity. Local activity is structured and little that supports to company and provide their commodity to big figure of new customers(Fuchs and Köstner, 2016). These are major cause to motivate business to globalise its functions and operations. It is essential for business to choose a right strategies that will help to tap into international market (Australia) and it provide its products and services to end user in right way. Major strategies identify to conduct in international market can be appreciated after the points:Email Marketing -Online marketing strategy helps a firm to offer their products and services to more clients in new country. Due to low funds there is required to apply this strategies that help to reach customer in short period of time. It is beneficial strategy that can be utilised by Hallmark mayonnaise. Through this the business communicate with the customers and provide new offers them according to their requirement.Strategic alliance– The particular strategy presents relation among the two and more entity. Both companies have common objective which is generated more profit. It helps to conduct activities effectively and tackle all the problems. Direct exporting– It is easiest strategy which is applied by the mostly organisation in order to overseas market. In the context of Hallmark Mayonnaise conduct several activities to offer commodities from the store. Porters diamond theory:Michael Porter's Diamond Model is a diamond-shaped model that describes why some companies within a particular nation are competitive internationally, while others may not. In this theory defined several factors like firm strategy, demand condition, factor condition and related & supporting industries. From this model it is analysed that it presents positive as well as negative impact on the company in order to compete at global level.
Contribution of marketing in the above marketing strategies Marketing plays important role in every type of business. Hallmark Mayonnaise wants to enter Australia market to spread out their business activities. Before enter into market required develop marketing strategies that helps top establish business effective manner. That time marketing used to promote business and introduce in front of Australia public. Critical Analysis of the opportunities and threats Before spread out the business activities of Hallmark Mayonnaise in new areas, it is required to recognise the challenges as well as opportunities regarding business(Griffith and Lee, 2016). OpportunitiesThreats To expand its business activities it is required to generate more profit and build up good brand image in the market for market share. Rules and regulation of different countries is major issue that face by the Hallmark during to globalise of business activities. Countrythroughfavourableeconomic conditions support in earning huge profit. Variation in exchange rate of other country impact on the currency and modification apply to face issues(He, Lin and Wei, 2016). TASK 2 1. Marketing Strategy A marketing strategy applies to the defensive game strategy of an organization to attract potential buyers and make the buyers of the goods or services that the company offers. A marketing strategy involves the business model of the product, main brand advertising, consumer population goal information, as well as other elevated-level components. 2. Importance of Hallmark to select the right international market Hall mark mayonnaise is very famous and bestseller in north west London. The company follow the purpose of different people need different Mayo's. The company easily coordinate with marketing programme of Australian market and establish business effectively.
3. Different market entry strategies with its advantage and disadvantages Market entry strategies are those techniques which help an organisation to tap into global market. These are planed acting which helps in supply goods & services to end user effectively. It is important for manager to recognise and include to determine of each strategy as with all advantages and disadvantages. BasisAdvantagesDisadvantages Direct exporting:It is famous methodtoenterintonew market with their products and servicesbyanopenoutlet there.Todonethiswork requiredonlinemediumthat support for less time work. There is high chances of earn moreprofitsandprovide customersatisfactionthrough their products because there is no middle men. Due to low expenses increase profitability ofcompany(Jamesand Osborn, 2016). Thisstrategyisnot approachableforthosefirms who conduct business entities at low level because for this needed high amount of funds. Different efforts are important to develop and maintain a large base of customers. Jointventure:Accordingto particularstrategy,twoor more than two firms carry out businessoperations collectively. It is essential for everytypeofbusinessto presenttheirrolesand responsibilities in an efficient way. Themainbenefitofthisit supports in apply all business resources of business at best level. Due to condition in loss bothentitiesinequallyway that reduce the burden. Confusion raise and it become difficultforcompaniesto conduct freely without getting any consent of other. Due to differencesbetweentwo companiesculturecreate problemandincrease complexity in business. Buying a company:According to this company but a regional companyoftheareawith business demand to spread out itsactivities.Themain advantage of this it supports to It bring out different business operations effectively and also help to satisfy the desire of customers. It might be possible that staff membersofexistfirmhave low morale that will decrease their productivity.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
understand the requirement of customers and help in fulfil the expectations. 4. Market evolution of strategies Market Evolution is the procedure where a manager analysis of different fields and object in reference to analysis as well as select the good one. To enter into effective manner selected by the company like joint venture, direct exporting, buy a company and many more. There are providing several advantage and disadvantage which is linked with several scheme so before select the final strategy. It is important for director to investigate all advantages and amount connected with it. The business select and apply plan of action according to set goals(Kaleka and Morgan, 2017).With the help of market evaluation a company easily tapping into the international market because they collect all appropriate information which is required to establish their business in other country such as political condition,economical situation, market growth etc. 5. Market Evaluation Process If the corporation decides to spread out its commercial activities to new fields, then the company must use the correct method to gain all the risks associated with it. Another important matter of the director is to pick the market area where the company wishes to work. Assessment of the global market is not a simple matter because there are various factors that need to be taken intoaccountbythecompanythroughoutthisassessment.Themainadvantageofthe determination that it supports to understand market with potential high growth. As per the related variables process of tap into new markets can be investigated to recognise and choose the market with expected growth.Country identification– This is the first stage under which managers make different attempts to understand the environment where the company would like to work and sell their goods. There is recognised via director how is market and is it good for operate business activities. It supports to choose right field where company provide its products.Preliminary screening– In the second phase recognise of economy that control by business and analysis the rank which is provided to each country. There are consisting of
GDP,exchangerate,stabilityandmanyothers.AfteralltheanalysisHallmark Mayonnaise select Australia to operate its business activities and earn more number of profit.In depth screening– The particular stage defined about the all variables which categorised into micro and macro environment. It helps to execute better marketing plan in the context of company.Find selection– In this stage after all the analysis and data collection basis company final decision to choose right nation to provide its products & services. Direct experience– In this stage where business start to gain education and analysis all the region by director to accomplish business activities smoothly. 6. Explain and evaluate the advantage and implication of international trading blocs and agreementfortariffandnontariffbarrierthatexistsintheinternationaltrading environment Trading blocs are groups of nations in specific location that arrange and boost business operations. Trading blocs track to trade alleviation (the liberation of trade from advocate measures)andtradeinitiationamongmembers,sincetheyareactivatedfavourablyin comparison to non members. It is a kind of inter governmental agreement, often part of a local intergovernmental industry, where regional obstacles to international trade (tariffs and non tariff barriers) are deducted or destroy among the participating states, enabling them to business with each other as easily as possible. In the context of Hallmark mayonnaise defined advantages of Trade Bloc:Foreign direct investment- It promotes foreign investment that offers the advantages of involved countries' markets. It develop large market where outcomes get in low cost of producing to the products locally.Economic of scale- Large-scale market growth benefits of economies where the average cost of manufacturing is lowered and bulk manufacturing is available (Martínez-López and et.al, 2018).Competition– It offers many options to the producer from different regions to come closer and matured the broad postulation. As a result it plays role to increases the greater efficiency of the companies.
Trade effects- Blocks of trade remove taxes that will further lower the price of trying to import products. Furthermore, the changes into demand and offers the better choices to the clients for buying the products at lowest possible prices. Market efficiency– There is a higher mix during the increase in demand with higher market performance increasing focus. Implication International trade bloc apply in the international market to increased foreign direct investment and get outcomes from the development of trade blocs. After implication economies of participating countries by creating opportunity of jobs in new or expanded businesses. Through trade bloc reduced taxes that drives down the cost of imports. Types of trading blocs Preferential Trade area – It exists when nation accept to deduct or eliminate tariff barriers on specified products imported from other members of area. Free trade Area – It is developed between two or more countries in a particular area in order to deduct eliminate barrier on all commodities coming from other members. Custom Union – There are consisting of removal of tariff barriers among participants, additionally acceptance of a unified external tariff against non members. Agreement:International agreement are ceremonial perceptive or communities among two or more countries. A two-country contract is called "bilateral," while a multi-country arrangement is "multilateral." In particular, the nations covered with an international convention are related to as "States Parties." According to international law international agreement is crucial instrument that characterized by the 1969 Vienna convection on the law of treaties (Ogasavara, Boehe and Barin Cruz, 2016). It is any legally constricting that happened between states (nations). An agreement known as a convection,a protocol, a pact, an Accord etc. There is defined advantages of international agreement: Access to broad markets leads to internal economies scale. There are improving infrastructure by external economies of scale like transport and telecom links. It helps to increase competition between members. More rapid spread of technology Greater international bargaining power.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Implication: The international agreement apply the companies to do business on specific condition and rules. It is a written document where includes all rules and regulation for both companies. To operate business on international level byHallmark Mayonnaise contact to same sector company and sign agreement for spread out their business activities into other countries. Types of agreements Multilateral agreements - They established trading rules among the number of nations. This agreement provide shape of international trade like WTO, EU etc. Bilateral agreements - According to this agreement set rules between two countries who is trading like EU-South. Trade barriers: Trade barriers unjustifiable to forbid company from manufacturing successfully unfairly. They might have distinct methods to describe them (Pinho and Prange, 2016). Tariff barriers- The meaning of Tariff barriers Tax or Duty. It may consist of import duties or tariffs on products that reach a nation and are introduced by a state. In international business tariff barriers are connected with taxes obligatory by governments to control import & export of one or more commodity with specific country in the context of Hallmark Mayonnaise. There are defining tariff barriers in detailed manner - Export Tariff barrier – In this barrier taxed are obligatory on products when they leave the country. Import tariff barrier – There are taxes imposed on commodities imported.Transit tariff barrier – Taxes are obligatory on commodities as they pass with the help of one country bound for another. Non Traffic barriers– These barriers are defined as government policies and policy or procedure actions other than tariff barriers. It present effects on Hallmark Mayonnaise for constrictive international trade or moving foreign investment.There are defining barriers in detailed manner - Quotas – It is issuing by the nations for importing and exporting goods and services after that agree with limits for specific products and services that allowed for importation to a country.
Sanctions – Countries obligate for sanction on other countries to proceed trade activity in a limit. There are consisting of increased administrative actions or additional customs and trade procedure to present ability of business. Licenses – Different countries usage license to import limited goods for specific business. When entity provide permission for trade license so there is required official document to import goods that would other wise confined for business in the country. For trade in another country by Hallmark Mayonnaise required to license of other country. 7. Critically evaluation to analysis of trade control and government rules & regulations for importing & exporting Trade Control– When a country set boundaries for trading either by import tariffs or by export taxes such as develop its terms of trade. Restriction of demand may cheaper prices where foreign suppliers focus on the imports and restriction of supply may increase export prices. Australian government rules & regulation regarding to import & export Australia has powerful trade ties with the rest of the world. It helps top become major supplier in the Asia Pacific region. The Australian government develop several policies that seek to produce and help in global trading. Regulation consist of protect domestic industries, end users and the environment from harmful and risky products imported from overseas. Free trade agreements Australia has about six trade agreements that legally commitments with every member to liberalise access to their markets for products & services as well as investment. Tariff and duties Australian government follow the regulations of world trade organisation regarding to tariff and duties. Import Regulations The ability is good of Australia to import goods from overseas as part of their activities. The Australian government set procedure of import goods. TASK 3 Key elements in the global Vs local debate A business group performs multiple tasks in order to achieve its fixed objective. Every company carries out its operations in a distinctive manner. This knowledge helps to improve the
efficiency of company activities that assist to achieve objectives and goals. Analysis of an investor's worldwide and regional involvement is very important for leadership as this helps to greater comprehend in the industry. There are mentioned differences between global and local debate in the given table: Global presenceLocal presence As per the different markets, there are more possibilities for a worldwide organization to boost the amount of its earnings. In the regional market, the number of variables remains restricted. But low race to the bottom helpsanentitytoproducemoreearnings, ensuring lengthy-term business preservation of the corporation. Duetobigamountofclientsandmarket conditionsdevelopments,technologyona regularbasisbecomescrucialforthe organization. According to this, enterprises does not follow market trends. The primary focus remains on establishingandmaintainingexcellent customer relationships to preserve them for a lengthy period of time. This helps business entities gain more earnings that add to the company's achievement and development.HallmarkMayonnaisecan producefurtherearningsbyexpandingits companyactivitiesinternationally(Shaltoni, 2016). This is less likely to produce earnings. But in this,creatingandmaintainingafavorable pictureissimpleforbusiness.Hallmark Mayonnaise can make positive pictures but can not produce enormous amounts of revenues by operating in the national market. Under this entity is more able to diversify merchandise activity. To spread out its operations on global level, Hallmark Mayonnaise can serve more number of customer and at the time earned hue profits. Differences between Merchandise and services There are providing differences between merchandise & services in detail manner with their advantage and disadvantages.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
BasisMerchandiseServices MeaningIt is the promotion of goods & services that are acquirable for retailsale.InMerchandise consistingofanalysisof quantities,settingpricesfor commodity&services, developing display designs and creatingeffectivemarketing strategies. Thesecompaniesarenotselling tangible products to generate profit rather than to customer and clients charging base fees. SimilaritiesMerchandiseproduceincome statementtoprovideall information. Servicecompaniesprepareincome statement to help investors, customer tounderstandthesituationof company. DifferencesOne of the main differences of costrelatedwithproducing goods and sell retail products. Thecompanyselloutlimited products for profit margin. Advantage and disadvantage of import & export in the context of Hallmark BasisImportExport AdvantageTheadvantageof importing that introduce newproductinthe market. Itisdevelopinggood living of standard. Determinebest technologyandbest products in the world. Thebenefitofexportthat increase sales & profits. Countryeconomywillbe formulated. Getchanceofemployment increment.
DisadvantageIt will discourage of local merchandise and become reason of inflation. Countrylossforeign exchangethrough importing goods. Increase unemployment. Costissue,spaceandtime issue. Plus low value exports will begeneratinglessforeign exchange. Asperthebadquality productsinnationbecome reason of image and remark on countries. Secure a deal for business After the analysis of advantage and disadvantage of importing and exporting of business it is understanding that Hallmark Easily operate business into Australian market. They are securing deal with other countries and on time export as well import in the market. Implication of global and local approach To effectively handle all operations, managers need to conduct an assessment of the appearance of company in the local and global industry. When a business direct the regional market then less danger connected with business operations, but owing to the tiny size of the population, the amount of possibilities is also restricted. If company operates internationally, it offers different possibilities for development. It provides the foundation for providing a big amount of clients with a commodity that increases business earnings(Wedel and Kannan, 2016).Internal and external factors affect on the organisation to apply global and local approach such as if internal factors cannot affect much more in the company so they are select local approach and expand their business at regional level. If external factors does not appropriate so they are adopt global approach that helps to expand business at global level. Critical Evaluation of marketing mix is across the international context Marketing mix is a mixture of different components implemented by companies to achieve their advertising goal. One of the primary characteristics of this idea is that it helps to define the characteristics that must be present in a company to meet client requirements (Tsui and Balli, 2017).. It also helps to create the item's correct price so that the business can give its
clients quality and also produce earnings. This allows the organization to effectively take out its advertising operations and to introduce more clients to its portfolio. A big amount of lengthy- term advantages to the business are provided for the efficient execution of the marketing mix. Through the marketing mix activities a business effectively analysis situation for Hallmark Mayonnaise. With this idea, the company can effectively carry out its advertising operations and bring further clients to its goal. Aggregate promotional mix idea helps to achieve all the advantages of global business (Zhao and Priporas, 2017). Product:To achieve their set objectives due to conduct business activities at global level it is advantageous to provide different products that can help to attract large number of clients. To cover new market share entity needed to offer new and conspicuous items to its customers Price:It is essential for firm to set right price of product as it plays major role in the success of product. To set fair price of firm, it is needed to bring out research to analysis what is the amount that customer are taking interest to pay. Through right price support value of customer with the company can generate large amount of profits. Place:There are several place where company distribute their products and establish business to target customers so they can easily buy it. According to this entity can better satisfy the requirement of customer and can retain for long period of time. Promotion: According to this, Different communication tools are utilised by business to boost effectively. It helps in marketing of product and aware of customer for firm's product and motivate them to purchase the same. Hallmark Mayonnaise can apply social media for publicity of their products. Apply correct import and export process for Hallmark Mayonnaise and make recommendations in an international context When company decide to import and export of Hallmark mayonnaise in new areas in order to get benefits related with it. There is required to follow right procedure and taken right decision regarding to market area in which entity wants to operate. One of the main advantage of this procedure that helps to select right market and generate more profit. For import and export services require to follow particular procedure: Trade enquiry – It is defined as written request form where purchaser intending for price and terms of exporter to supply goods.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Procurement of import license – To import goods into other countries there is required to specific license. Obtaining Foreign exchange – To deal with other countries there is required to provide currency in other country which is beneficial for trading. Placing the indent – The order is known as indent where importer set the quality and quality of goods as per the requirement and mentioned all types of goods. Dispatching a letter of credit – Exporter want to ensure that there is no risk for non payment. There is providing letter of credit(Whalen and Akaka, 2016). Obtaining necessary documents – During to procedure provide all relevant documents which is required for further procedure. Customs formalities and clearing of goods – After receiving documents take the delivery goods. Making the payment – After all the procedure as per the terms and policies make the payment. Export Procedure Conduct market research – Firstly research about country which is conducting for export products from another country(Yang, 2018). Follow the regulations – There is required to follow all the rules and regulations of other countries. Contact in market – After that contact into selected country's market in order to export goods. Quotation & terms – After that set quotation & terms according to product price. Sales contract – There is signing the contract for sales products. Custom clearance – For custom clearance provide all the documents. Getting paid – In particular period of time get payment. Recommendations It is suggested that to import goods from other countries is not easy but it is required the follow all the procedure in systematic manner. It takes long time so need to order before any requirement. Export procedure same as import but documents are change and it also take more time and mainly focus on packaging.From my point of view it is recommended that to enter into international market required to evaluation of market that help to collect all appropriate
information to tapping in the global market. It helps to understand market activities and internal & external factors that impact to select global & local approach. CONCLUSION As per the given project report, it can be summarised that international marketing broad way to expand business activities in new fields and earned huge profit. There are different scope analysis of international marketing that helps to understand marketing activities. After the analysis of global business environment recognise multiple factors which are required for investigate enterprise. It helps to identify those areas where is offer products of company. To enter into market there is applied different strategies that helps to understand the marketing activities and select right strategy of business. There are providing barriers that become barrier to enter into market such as tariff and non tariff. Apply the marketing mix to effectively evaluate every step of business.
REFERENCES Books and Journal Alon,I.Andet.al,2016.Globalmarketing:contemporarytheory,practice,andcases. Routledge. Bang, V. V., Joshi, S. L. and Singh, M. C., 2016. Marketing strategy in emerging markets: a conceptual framework.Journal of Strategic Marketing. 24(2). pp.104-117. Boso, N., Debrah, Y. A. and Amankwah-Amoah, J., 2018. International marketing strategies of emergingmarketfirms:Nature,boundaryconditions,antecedents,and outcomes.International Marketing Review. 35(2). pp.202-214. De Nisco, A., Papadopoulos, N. and Elliot, S., 2017. From international travelling consumer to placeambassador:Connectingplaceimagetotourismsatisfactionandpost-visit intentions.International Marketing Review. 34(3). pp.425-443. Duffett, R. G., 2017. Influence of social media marketing communications on young consumers’ attitudes.Young Consumers. 18(1). pp.19-39. Fuchs, M. and Köstner, M., 2016. Antecedents and consequences of firm’s export marketing strategy:AnempiricalstudyofAustrianSMEs(acontingency perspective).Management Research Review. 39(3). pp.329-355. Griffith, D. A. and Lee, H. S., 2016. Cross–National Collaboration of Marketing Personnel withinaMultinational:LeveragingCustomerParticipationforNewProduct Advantage.Journal of International Marketing. 24(4). pp.1-19. He, X., Lin, Z. and Wei, Y., 2016. International market selection and export performance: a transaction cost analysis.European Journal of Marketing. 50(5/6). pp.916-941. James, M. and Osborn, G., 2016. The Olympics, transnational law and legal transplants: the International Olympic Committee, ambush marketing and ticket touting.Legal Studies. 36(1). pp.93-110. Kaleka, A. and Morgan, N. A., 2017. Which competitive advantage (s)? Competitive advantage– market performance relationships in international markets.Journal of International Marketing. 25(4). pp.25-49. Martínez-López, F. J. and et.al,2018. Fifty years of the European Journal of Marketing: a bibliometric analysis.European Journal of Marketing. 52(1/2). pp.439-468. Ogasavara, M. H., Boehe, D. M. and Barin Cruz, L., 2016. Experience, resources and export marketperformance:Thepivotalroleofinternationalbusinessnetwork ties.International Marketing Review. 33(6). pp.867-893. Pinho, J. C. and Prange, C., 2016. The effect of social networks and dynamic internationalization capabilities on international performance.Journal of World Business. 51(3). pp.391- 403. Rinallo, D., Bathelt, H. and Golfetto, F., 2017. Economic geography and industrial marketing views on trade shows: Collective marketing and knowledge circulation.Industrial Marketing Management. 61. pp.93-103. Shaltoni, A. M., 2016. E-marketing education in transition: An analysis of international courses and programs.The International Journal of Management Education. 14(2). pp.212-218. Tsui, W. H. K. and Balli, F., 2017. International arrivals forecasting for Australian airports and the impact of tourism marketing expenditure.Tourism Economics. 23(2). pp.403-428. Wedel, M. and Kannan, P. K., 2016. Marketing analytics for data-rich environments.Journal of Marketing. 80(6). pp.97-121.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Whalen, P. S. and Akaka, M. A., 2016. A dynamic market conceptualization for entrepreneurial marketing: the co-creation of opportunities.Journal of Strategic Marketing. 24(1). pp.61-75. Yang, M., 2018. International entrepreneurial marketing strategies of MNCs: Bricolage as practiced by marketing managers.International Business Review. 27(5). pp.1045-1056. Zhao, S. and Priporas, C. V., 2017. Information technology and marketing performance within internationalmarket-entryalliances:Areviewandanintegratedconceptual framework.International marketing review. 34(1). pp.5-28.