International Marketing: Scope, Concepts, and Strategies
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This document provides an overview of international marketing, including its scope and key concepts. It discusses the rationale for marketing internationally and various routes to market. It also explores the key criteria and selection process for entering new international markets, as well as the advantages and disadvantages of different market entry strategies. Additionally, it highlights the opportunities and challenges of marketing internationally.
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Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Scope and key concepts of international marketing..............................................................1
P2 Rationale for it to want to market internationally and various routes to market...................2
M1 Opportunities and challenges that marketing internationally...............................................3
TASK 2............................................................................................................................................4
P3 Key criteria and selection process..........................................................................................4
P4 Various market entry strategies, including advantages and disadvantages...........................5
M2 Market evaluation criteria and entry strategies and make recommendations ......................7
D1 Evaluation of international market........................................................................................7
TASK 3............................................................................................................................................7
P5 Overview of key arguments in the global versus local debate...............................................7
P6 Product, price, pricing and promotional distribution approach differs in a variety of
international contexts..................................................................................................................9
M3 Evaluation of client organisation that adopts global and local approach.............................9
M4 Marketing mix of organisation in international market......................................................10
D2 Marketing mix is applied to a range of international contexts............................................10
TASK 4..........................................................................................................................................10
P7 Different international marketing approaches client organisation can adopt......................10
P8 Home and international orientation and ways to assess competitors...................................11
M5 Different marketing approaches and competitor analysis..................................................12
D3 Recommendations organisations should be structured to increase opportunity.................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Scope and key concepts of international marketing..............................................................1
P2 Rationale for it to want to market internationally and various routes to market...................2
M1 Opportunities and challenges that marketing internationally...............................................3
TASK 2............................................................................................................................................4
P3 Key criteria and selection process..........................................................................................4
P4 Various market entry strategies, including advantages and disadvantages...........................5
M2 Market evaluation criteria and entry strategies and make recommendations ......................7
D1 Evaluation of international market........................................................................................7
TASK 3............................................................................................................................................7
P5 Overview of key arguments in the global versus local debate...............................................7
P6 Product, price, pricing and promotional distribution approach differs in a variety of
international contexts..................................................................................................................9
M3 Evaluation of client organisation that adopts global and local approach.............................9
M4 Marketing mix of organisation in international market......................................................10
D2 Marketing mix is applied to a range of international contexts............................................10
TASK 4..........................................................................................................................................10
P7 Different international marketing approaches client organisation can adopt......................10
P8 Home and international orientation and ways to assess competitors...................................11
M5 Different marketing approaches and competitor analysis..................................................12
D3 Recommendations organisations should be structured to increase opportunity.................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14
INTRODUCTION
International marketing is the application of marketing principles to satisfy the varied
needs and wants of different people residing across the national boundaries. Through
international marketing performance of business activities designed to plan, price, promote and
direct the flow of a company's goods and services to consumers more than one nation to earn
profits. For expanding business to international markets professionals discovers best ways to
market a product or service to other countries (Akaka, Vargo and Lusch, 2013). Each country
possess their own marketing traditions, mannerisms and culture and for expanding business
globally business organisation must get families with the environment to get success. Through
globalisation of business international brand image is created and helps organisations to expand.
To understand the concept of international marketing in this project a small organisation
4Com Plc is considered. This organisation was established in the year 1998 with a aim of
improving the communications services of the UK's SME market. Chairman of the company is
Daron Hutt. 4Com Plc is providing services like phone system, business mobiles, broadband and
internet, software and applications and wants to expand its business into international market.
Currently this company is serving UK market to serve various business organisation with best
communication services.
TASK 1
P1 Scope and key concepts of international marketing
International marketing is the process of focusing on the resources of the globe and
objectives of the organisations on global business opportunities and threats. Expanding a
business at global level provides huge scope to business organisations that is defined as-
Importance in the Global Arena: All the activities performed by business organisation
to expand business at international level helps in enhancing development of other countries when
product is of high technology. When two nations joins their hands to expand business it
ultimately leads to peace among nations (Berthon and et. al., 2012). International marketing
increases number of opportunities for businesses to expand and grow. When manufacturing in a
company becomes cost effective then it can become a hub for exports for example china.
Imports: This is one of the easiest form of international marketing in which a company
imports goods form international market and selling them to the domestic market. Through this
1
International marketing is the application of marketing principles to satisfy the varied
needs and wants of different people residing across the national boundaries. Through
international marketing performance of business activities designed to plan, price, promote and
direct the flow of a company's goods and services to consumers more than one nation to earn
profits. For expanding business to international markets professionals discovers best ways to
market a product or service to other countries (Akaka, Vargo and Lusch, 2013). Each country
possess their own marketing traditions, mannerisms and culture and for expanding business
globally business organisation must get families with the environment to get success. Through
globalisation of business international brand image is created and helps organisations to expand.
To understand the concept of international marketing in this project a small organisation
4Com Plc is considered. This organisation was established in the year 1998 with a aim of
improving the communications services of the UK's SME market. Chairman of the company is
Daron Hutt. 4Com Plc is providing services like phone system, business mobiles, broadband and
internet, software and applications and wants to expand its business into international market.
Currently this company is serving UK market to serve various business organisation with best
communication services.
TASK 1
P1 Scope and key concepts of international marketing
International marketing is the process of focusing on the resources of the globe and
objectives of the organisations on global business opportunities and threats. Expanding a
business at global level provides huge scope to business organisations that is defined as-
Importance in the Global Arena: All the activities performed by business organisation
to expand business at international level helps in enhancing development of other countries when
product is of high technology. When two nations joins their hands to expand business it
ultimately leads to peace among nations (Berthon and et. al., 2012). International marketing
increases number of opportunities for businesses to expand and grow. When manufacturing in a
company becomes cost effective then it can become a hub for exports for example china.
Imports: This is one of the easiest form of international marketing in which a company
imports goods form international market and selling them to the domestic market. Through this
1
4Com Plc can hire services or order raw material form other country which is cost effective.
Imports enhancing the scope of expanding the international marketing as it leads to providing
more and more facilities to business to expand at international level.
Export: Through this form of international marketing goods and services produced
domestically can be served at international level (Bertoli, 2013). Using this system 4Com Plc
while introducing its expansion plan can serve its products to other countries where expansion is
made. Exports provides a scope of expanding business at international level as ease in expansion
and supporting form government in compliance with legal process leads to enhance more and
more operations.
Contractual Agreements: When companies expand globally its market expands and
consumer base expands that gives high amount of profits. 4Com Plc can grow exponentially by
getting into contractual agreements with several other partners overseas.
The marketing concepts helps businesses by providing then an idea needs of the potential
consumers and what efforts needs to satisfy them. Some international marketing concepts are as-
Orientation to foreign trade: Businesses when provided with an opportunity to expand
at international level then it leads to generation of foreign trade for the nation. Generation of
more foreign exchange in the country will help in growth. 4Com Plc will contribute to bring
more foreign trade in UK. When more and more foreign is brought to the domestic market then it
will eventually leads to growth and development of economy and this will leads to generate more
and more profits.
Sales in the foreign market: Internation marketing helps businesses to deal with
different culture and through complying with all the requirements of international market sales of
the company goes high at global level. Overall sales and production level of the organisation will
increase and financial condition will be improved.
Orientation to international marketing: As per orientation of international marketing
different products in order to satisfy the consumers of different countries are produces (Cadogan,
2012). Marketing mix concept will be used by 4Com Plc to understand the new market and
consumers and serving them in the best manner.
P2 Rationale for it to want to market internationally and various routes to market
Decision of 4Com Plc to expand globally is rational because expanding at internation
level provides number of opportunities and benefits that are not available in domestic market.
2
Imports enhancing the scope of expanding the international marketing as it leads to providing
more and more facilities to business to expand at international level.
Export: Through this form of international marketing goods and services produced
domestically can be served at international level (Bertoli, 2013). Using this system 4Com Plc
while introducing its expansion plan can serve its products to other countries where expansion is
made. Exports provides a scope of expanding business at international level as ease in expansion
and supporting form government in compliance with legal process leads to enhance more and
more operations.
Contractual Agreements: When companies expand globally its market expands and
consumer base expands that gives high amount of profits. 4Com Plc can grow exponentially by
getting into contractual agreements with several other partners overseas.
The marketing concepts helps businesses by providing then an idea needs of the potential
consumers and what efforts needs to satisfy them. Some international marketing concepts are as-
Orientation to foreign trade: Businesses when provided with an opportunity to expand
at international level then it leads to generation of foreign trade for the nation. Generation of
more foreign exchange in the country will help in growth. 4Com Plc will contribute to bring
more foreign trade in UK. When more and more foreign is brought to the domestic market then it
will eventually leads to growth and development of economy and this will leads to generate more
and more profits.
Sales in the foreign market: Internation marketing helps businesses to deal with
different culture and through complying with all the requirements of international market sales of
the company goes high at global level. Overall sales and production level of the organisation will
increase and financial condition will be improved.
Orientation to international marketing: As per orientation of international marketing
different products in order to satisfy the consumers of different countries are produces (Cadogan,
2012). Marketing mix concept will be used by 4Com Plc to understand the new market and
consumers and serving them in the best manner.
P2 Rationale for it to want to market internationally and various routes to market
Decision of 4Com Plc to expand globally is rational because expanding at internation
level provides number of opportunities and benefits that are not available in domestic market.
2
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Business of 4Com Plc when expanded to international market then it will provide a new market
with large number of consumers that are unsatisfied. Serving them with goods and services as
per their desire will help in earning more and more profits. Together with this when a business
existed at international level then it is good for creating a brand image and attracting more and
more consumers. Businesses can attract more investors in foreign country to make investment in
their business and funds can be generated. Business organisations while operating at national
level possess several reasons to go internationally and some of them for 4Com Plc are as
follows-
ï‚· Grabbing large market size is one of the key reasons why business organisations go at
global level as more and more consumer base is created.
ï‚· Expansing business organisations to different markets gives access to new markets and
this also lead to enhance profit potential of 4Com Plc.
ï‚· Growth rate of business with expansion to international level goes high and this leads to
more and more profits and expansion scope to businesses.
Various market routes that can be adopted by 4Com Plc to expand their business are as-
Franchising: In this form of expansion business that wants to expand provides rights to
already existing business organisation in the target company to operate in their name. A fees is
paid to use the brand name on yearly basis. Existing business model used in businesses is
implemented in franchising. This route is preferred because it is easy to expand business through
franchising (Cavusgil and Cavusgil, 2012). Consideration must be provided that to whom
franchise is given must a firm brand recognisance in the target market.
Direct exporting: This is the most common route used for expanding business at
international level. In this method sales are made directly to the market where business is trying
to break into. Goods that are served by the company are made available in the stores of the
targeted company. Agents and distributors are made in the targeted market so that products can
be made available in international markets.
Joint Venture: In this two business organisation make a partnership to complete a
project with defined investment and profit sharing ratio. Both the organisations possess separate
entity and joined their hands to attain common object. Through this process a particular project is
accomplished and risk and return will be shared appropriately among the parties involved in the
venture.
3
with large number of consumers that are unsatisfied. Serving them with goods and services as
per their desire will help in earning more and more profits. Together with this when a business
existed at international level then it is good for creating a brand image and attracting more and
more consumers. Businesses can attract more investors in foreign country to make investment in
their business and funds can be generated. Business organisations while operating at national
level possess several reasons to go internationally and some of them for 4Com Plc are as
follows-
ï‚· Grabbing large market size is one of the key reasons why business organisations go at
global level as more and more consumer base is created.
ï‚· Expansing business organisations to different markets gives access to new markets and
this also lead to enhance profit potential of 4Com Plc.
ï‚· Growth rate of business with expansion to international level goes high and this leads to
more and more profits and expansion scope to businesses.
Various market routes that can be adopted by 4Com Plc to expand their business are as-
Franchising: In this form of expansion business that wants to expand provides rights to
already existing business organisation in the target company to operate in their name. A fees is
paid to use the brand name on yearly basis. Existing business model used in businesses is
implemented in franchising. This route is preferred because it is easy to expand business through
franchising (Cavusgil and Cavusgil, 2012). Consideration must be provided that to whom
franchise is given must a firm brand recognisance in the target market.
Direct exporting: This is the most common route used for expanding business at
international level. In this method sales are made directly to the market where business is trying
to break into. Goods that are served by the company are made available in the stores of the
targeted company. Agents and distributors are made in the targeted market so that products can
be made available in international markets.
Joint Venture: In this two business organisation make a partnership to complete a
project with defined investment and profit sharing ratio. Both the organisations possess separate
entity and joined their hands to attain common object. Through this process a particular project is
accomplished and risk and return will be shared appropriately among the parties involved in the
venture.
3
For 4Com Plc franchising option will be suitable for expanding in the targeted market. As
existing business model of the company can be used to expand business at international market.
It will leads to minimise the risk certainty in the organisation when expanded to international
market. Together with this it will leads to develop management system which is well organised
and tested for improved performance.
M1 Opportunities and challenges that marketing internationally
Opportunities and challenges that are available to 4Com Plc to market internationally are as-
Opportunities Challenges
ï‚· When business of 4Com Plc is
expanded in countries where AI and
automation is highly effective then it
will help organisation to adopt new
technologies.
ï‚· Businesses when expanded at
interactional markets then knowledge
regarding market to 4Com Plc will
enhance.
ï‚· It helps to attracts new talents residing
in different countries who can become
an asset for growth and development of
4Com Plc.
ï‚· Brexit serves as a challenge for all the
European organisation as it leads to
uncertain trade situations.
ï‚· Marketing works best when pared with
local knowledge and cultural difference
is a challenge for 4Com Plc to expand
in different nations.
ï‚· Global economy plays important role in
making expansion decision and
political challenges after Brexit needs
to be considered to make expansion.
TASK 2
P3 Key criteria and selection process
Entering into new international environment is attractive and brings number of benefits
and opportunities for an organisation. Results for internation expansion become more productive
when a effective market is identified for initiating the expansion plan. It is one of the most
complex decision to identify best option for expansion that bring more profits by serving large
number of consumer group (Chung, Lu Wang and Huang, 2012). To determine favourable
market a process that needs to be undertaken by 4Com Plc to take expansion decision. This
market analysis will help 4Com Plc to study the target market and identify opportunities, threats
4
existing business model of the company can be used to expand business at international market.
It will leads to minimise the risk certainty in the organisation when expanded to international
market. Together with this it will leads to develop management system which is well organised
and tested for improved performance.
M1 Opportunities and challenges that marketing internationally
Opportunities and challenges that are available to 4Com Plc to market internationally are as-
Opportunities Challenges
ï‚· When business of 4Com Plc is
expanded in countries where AI and
automation is highly effective then it
will help organisation to adopt new
technologies.
ï‚· Businesses when expanded at
interactional markets then knowledge
regarding market to 4Com Plc will
enhance.
ï‚· It helps to attracts new talents residing
in different countries who can become
an asset for growth and development of
4Com Plc.
ï‚· Brexit serves as a challenge for all the
European organisation as it leads to
uncertain trade situations.
ï‚· Marketing works best when pared with
local knowledge and cultural difference
is a challenge for 4Com Plc to expand
in different nations.
ï‚· Global economy plays important role in
making expansion decision and
political challenges after Brexit needs
to be considered to make expansion.
TASK 2
P3 Key criteria and selection process
Entering into new international environment is attractive and brings number of benefits
and opportunities for an organisation. Results for internation expansion become more productive
when a effective market is identified for initiating the expansion plan. It is one of the most
complex decision to identify best option for expansion that bring more profits by serving large
number of consumer group (Chung, Lu Wang and Huang, 2012). To determine favourable
market a process that needs to be undertaken by 4Com Plc to take expansion decision. This
market analysis will help 4Com Plc to study the target market and identify opportunities, threats
4
and level of competition available in the desired market. The selection process of the targeted
market is as follows-
Research for consumers and competition: Researching market on multiple levels will
help to evaluate the demand whether it is real or in illusions. Through this evaluation it will
become clear that expanding in the potential will be worthwhile for the company or not.
Identifying the consumer segment that will be served and knowing strengths and weakness of
competitors in Indian market will help to take correct decision.
High-level of the market: Analysing markets for consumers and competitors is not
enough to make correct decision. In order to obtain border understanding of the market as a
whole and potential success in the market other factors needs to be analysed. Analysis for market
size, number of buyers, barriers to entry, bargaining power of supplier and value chain in the
industry is identified (Evers, Andersson and Hannibal, 2012). Through this market research
overall picture of the condition will become clear.
Explore adjacent opportunities: Expansion plan can not be initiated in one day and for
this researchers analysed the growth and performance of various corporations. This analysis will
help in identifying that companies with most suitable growth has used a systematic, disciplined
approach to expand business to international boundaries. Finding adjacent opportunities other
then Indian market can be a winning strategy.
Understand business environment factors: Overall business environment have a
profound impact on the companies performance and the way industry operates. Business
environmental factors such as technological development, government regulations, economic
indicators, trade policies plays important role to assess business environment. 4Com Plc needs to
consider all these factors while expanding business in India (Fletcher and Crawford, 2013).
Find the market research you need fast: Gathering all the required information can be
time consuming so to make it quick various data available through renounced organisations can
be used to produce information.
Considering all the factors on the basis of market competition, market size, number of
consumers, government regulations, technological development it is advisable to expand
business in Indian market.
5
market is as follows-
Research for consumers and competition: Researching market on multiple levels will
help to evaluate the demand whether it is real or in illusions. Through this evaluation it will
become clear that expanding in the potential will be worthwhile for the company or not.
Identifying the consumer segment that will be served and knowing strengths and weakness of
competitors in Indian market will help to take correct decision.
High-level of the market: Analysing markets for consumers and competitors is not
enough to make correct decision. In order to obtain border understanding of the market as a
whole and potential success in the market other factors needs to be analysed. Analysis for market
size, number of buyers, barriers to entry, bargaining power of supplier and value chain in the
industry is identified (Evers, Andersson and Hannibal, 2012). Through this market research
overall picture of the condition will become clear.
Explore adjacent opportunities: Expansion plan can not be initiated in one day and for
this researchers analysed the growth and performance of various corporations. This analysis will
help in identifying that companies with most suitable growth has used a systematic, disciplined
approach to expand business to international boundaries. Finding adjacent opportunities other
then Indian market can be a winning strategy.
Understand business environment factors: Overall business environment have a
profound impact on the companies performance and the way industry operates. Business
environmental factors such as technological development, government regulations, economic
indicators, trade policies plays important role to assess business environment. 4Com Plc needs to
consider all these factors while expanding business in India (Fletcher and Crawford, 2013).
Find the market research you need fast: Gathering all the required information can be
time consuming so to make it quick various data available through renounced organisations can
be used to produce information.
Considering all the factors on the basis of market competition, market size, number of
consumers, government regulations, technological development it is advisable to expand
business in Indian market.
5
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Selection process which helps business organisations to make decision in relation to
selecting the target market in which expansion will be made. The selection process for 4Com Plc
will starts as follows-
Segmentation: It is the process through which total market is divided into small groups
where demand is made for that products and services offered by business organisation. Business
organisations like 4Com Plc which is planning for expansion will design a market mix that will
match with the required needs and wants.
Selecting target consumer group: 4com plc is providing services in relation to
telecommunication services in the commercial sector and for this a country where commercial
sector is at growing will be appropriate for the organisation. Target market for the organisation
on the basis of their services is Indian market where commercial sector is at growing stage.
Selecting appropriate country for Expansion: In the present case all the pros and cons
for expansion to Indian market will be accessed in complete manner. This will help in making an
appropriate judgement for expansion.
P4 Various market entry strategies, including advantages and disadvantages
Market entry strategy is an essential part of entering into new markets as it provides a
planned distribution and delivery method of goods or services to a new target market (MARKET
ENTRY STRATEGIES, 2018). A effective marketing strategy helps in establishment and
management of contracts in a foreign country. It is important for 4Com Plc to have a market
entry strategy as it helps in getting clarity regarding aim for expansion and method for achieving
the same while entering into new market. Some of the marketing entry strategies available to
4Com Plc is defined as below-
Buying a Company: In some markets buying an already existing company is the most
suitable entry strategy. For this a suitable company that matches criteria for expansion is selected
(Leonidou and et. al., 2010). It is one of the costly form of expansion and determining the true
value of the company in foreign market is difficult task.
Advantages-
ï‚· Experienced workforce already working in the business environment.
ï‚· Business is already established and well settled and become easy to run.ï‚· Current market reputation of the purchased company is used for the benefit of expansion
plan.
6
selecting the target market in which expansion will be made. The selection process for 4Com Plc
will starts as follows-
Segmentation: It is the process through which total market is divided into small groups
where demand is made for that products and services offered by business organisation. Business
organisations like 4Com Plc which is planning for expansion will design a market mix that will
match with the required needs and wants.
Selecting target consumer group: 4com plc is providing services in relation to
telecommunication services in the commercial sector and for this a country where commercial
sector is at growing will be appropriate for the organisation. Target market for the organisation
on the basis of their services is Indian market where commercial sector is at growing stage.
Selecting appropriate country for Expansion: In the present case all the pros and cons
for expansion to Indian market will be accessed in complete manner. This will help in making an
appropriate judgement for expansion.
P4 Various market entry strategies, including advantages and disadvantages
Market entry strategy is an essential part of entering into new markets as it provides a
planned distribution and delivery method of goods or services to a new target market (MARKET
ENTRY STRATEGIES, 2018). A effective marketing strategy helps in establishment and
management of contracts in a foreign country. It is important for 4Com Plc to have a market
entry strategy as it helps in getting clarity regarding aim for expansion and method for achieving
the same while entering into new market. Some of the marketing entry strategies available to
4Com Plc is defined as below-
Buying a Company: In some markets buying an already existing company is the most
suitable entry strategy. For this a suitable company that matches criteria for expansion is selected
(Leonidou and et. al., 2010). It is one of the costly form of expansion and determining the true
value of the company in foreign market is difficult task.
Advantages-
ï‚· Experienced workforce already working in the business environment.
ï‚· Business is already established and well settled and become easy to run.ï‚· Current market reputation of the purchased company is used for the benefit of expansion
plan.
6
Disadvantages-
ï‚· It becomes difficult to change existing business model of purchased company.
ï‚· Compliance with government regulations and political changes make it difficult to work.
ï‚· Personal relationship of business and consumers can not be bought with purchase of
company (Advantages and disadvantages of buying a business, 2018).
Direct Exporting: In this process sales are made directly into the market using own
resources or through appointing distributes. Companies that have a established sales programme
sometimes move towards expansion through direct exporting. Agents and businesses works
together so that goals can be achieved in a well defined manner.
Advantages-
ï‚· Expansion through direct exporting is cost effective.
ï‚· Knowledge of the foreign market is experienced without large investment.
ï‚· Control on goods and services in foreign market is of the main organisation.ï‚· Helps in interacting with consumers directly and building a healthy relationship
(Meissner, 2012).
Disadvantages-
ï‚· It leads to failure when agent become ineffective to perform task.
ï‚· It becomes a complex process when several feedbacks and comments form consumers are
received.
ï‚· It do not help in establish strong consumer base and more efforts needs to be made for the
same.
Joint venture: It is a particular form of partnership that is established to undertake a
specified business project (Paliwoda and Thomas, 2013). Two organisations agree to work
together in a particular market and project to maximise profits and minimise risk.
Advantages-
ï‚· Through this risk is shared among two organisations.
ï‚· Provides opportunities to take advantage expertise of one organisation in a particular
field.ï‚· More funds and knowledge can be involved to complete a project.
Disadvantages-
ï‚· Conflicts of interest among organisations may leads to failure of project.
7
ï‚· It becomes difficult to change existing business model of purchased company.
ï‚· Compliance with government regulations and political changes make it difficult to work.
ï‚· Personal relationship of business and consumers can not be bought with purchase of
company (Advantages and disadvantages of buying a business, 2018).
Direct Exporting: In this process sales are made directly into the market using own
resources or through appointing distributes. Companies that have a established sales programme
sometimes move towards expansion through direct exporting. Agents and businesses works
together so that goals can be achieved in a well defined manner.
Advantages-
ï‚· Expansion through direct exporting is cost effective.
ï‚· Knowledge of the foreign market is experienced without large investment.
ï‚· Control on goods and services in foreign market is of the main organisation.ï‚· Helps in interacting with consumers directly and building a healthy relationship
(Meissner, 2012).
Disadvantages-
ï‚· It leads to failure when agent become ineffective to perform task.
ï‚· It becomes a complex process when several feedbacks and comments form consumers are
received.
ï‚· It do not help in establish strong consumer base and more efforts needs to be made for the
same.
Joint venture: It is a particular form of partnership that is established to undertake a
specified business project (Paliwoda and Thomas, 2013). Two organisations agree to work
together in a particular market and project to maximise profits and minimise risk.
Advantages-
ï‚· Through this risk is shared among two organisations.
ï‚· Provides opportunities to take advantage expertise of one organisation in a particular
field.ï‚· More funds and knowledge can be involved to complete a project.
Disadvantages-
ï‚· Conflicts of interest among organisations may leads to failure of project.
7
ï‚· Poor coordination among organisations may leads to delay in completion of projects.
Licensing: In this process a company authorises another company by issuing a license to
temporarily access to its intellectual property rights. This is one of the faster ways for expanding
business at international markets. Their are certain advantages and disadvantages attached with
licensing of a business. Some of them are explained as follows-
Advantages-
ï‚· It creates opportunity for business for generating some amount of passive income.ï‚· It provides an opportunity to entering into international market in easy manner.
Disadvantage-
ï‚· Dependency on the licensor has increased fo0r success of business in international
market.
ï‚· It creates added competition in the domestic market by expanding international
businesses.
M2 Market evaluation criteria and entry strategies and make recommendations
Analysing all the opportunities for expansion a destination which provides more chances
for success and minimum risk will be considered most suitable. Their are various options
available to make expansion decision such as buying a business, direct exporting and joint
venture most suitable among them will be selected. Evaluating all the options on the basis of
goals and objectives of 4Com Plc for expansion and most suitable will be selected. It is
recommended that business strategies that is suitable and helps in attaining objective in specified
time is preferred over others for enhancing chances of success (Papadopoulos and Heslop, 2014).
D1 Evaluation of international market
International marketing concept will help 4Com Plc organisation to understand several
business markets where expansion is planned. As in Indian market consumers are highly
influenced through pricing this scenario needs to be considered while making expansion
decision. When business is expanded to other country like Canada then consumers of the
products and services offered by 4Com Plc is concentrated on quality. While serving large
number of targeted consumers in Canada quality of the product must be considered. Using
international marketing concept organisational strategies will be designed in such manner that
success is achieved with profit maximisation.
8
Licensing: In this process a company authorises another company by issuing a license to
temporarily access to its intellectual property rights. This is one of the faster ways for expanding
business at international markets. Their are certain advantages and disadvantages attached with
licensing of a business. Some of them are explained as follows-
Advantages-
ï‚· It creates opportunity for business for generating some amount of passive income.ï‚· It provides an opportunity to entering into international market in easy manner.
Disadvantage-
ï‚· Dependency on the licensor has increased fo0r success of business in international
market.
ï‚· It creates added competition in the domestic market by expanding international
businesses.
M2 Market evaluation criteria and entry strategies and make recommendations
Analysing all the opportunities for expansion a destination which provides more chances
for success and minimum risk will be considered most suitable. Their are various options
available to make expansion decision such as buying a business, direct exporting and joint
venture most suitable among them will be selected. Evaluating all the options on the basis of
goals and objectives of 4Com Plc for expansion and most suitable will be selected. It is
recommended that business strategies that is suitable and helps in attaining objective in specified
time is preferred over others for enhancing chances of success (Papadopoulos and Heslop, 2014).
D1 Evaluation of international market
International marketing concept will help 4Com Plc organisation to understand several
business markets where expansion is planned. As in Indian market consumers are highly
influenced through pricing this scenario needs to be considered while making expansion
decision. When business is expanded to other country like Canada then consumers of the
products and services offered by 4Com Plc is concentrated on quality. While serving large
number of targeted consumers in Canada quality of the product must be considered. Using
international marketing concept organisational strategies will be designed in such manner that
success is achieved with profit maximisation.
8
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TASK 3
P5 Overview of key arguments in the global versus local debate
Marketing plan is important for any business whether globally or local that helps to run a
business successfully by following strategies. The nature of any business is different which is
important to understand by managers and follow the rules and legislations. It is duty of
management to analyses the global and local presence of an business organisation and prepare
the solid plans to attain the business objectives. 4 Com Plc is providing network services at local
and global level by understanding the customer's demand (Ringle, Sarstedt and Straub, 2012).
The management of such organisation make different plans for local and global level with the
help of debate, which increases the productivity. Local debate refers as local marketing plans
which helps to attracts customers in same nation and getting services. Whereas global debate
refers as marketing plan which is prepared by managers for the purpose of developing their
products and services globally which helps in development of country. The difference between
local and global debate are defined as:
Global Local
It is related with internation business activities
which is build by managers in order to run
their business outside the country or
international level.
Local debates is related with local marketing
business plan which helps attracts customer
locally or in residential country.
It helps to create various opportunities which
increases productivity and profitability.
Moreover, there are many competitors who
have attractive marketing plans to expand their
business.
It does not have many opportunities due to
having stability in marketing plan and
minimum competition.
The management of global area are generating
new trends and innovation by using different
trade policies. There exists high customer
relationship who gets better products.
In local market, there is low market trends and
high customer relationship which need to deal
for running a business.
In global debate, has wider scope that helps to In Local debate, has not wider scope due to
9
P5 Overview of key arguments in the global versus local debate
Marketing plan is important for any business whether globally or local that helps to run a
business successfully by following strategies. The nature of any business is different which is
important to understand by managers and follow the rules and legislations. It is duty of
management to analyses the global and local presence of an business organisation and prepare
the solid plans to attain the business objectives. 4 Com Plc is providing network services at local
and global level by understanding the customer's demand (Ringle, Sarstedt and Straub, 2012).
The management of such organisation make different plans for local and global level with the
help of debate, which increases the productivity. Local debate refers as local marketing plans
which helps to attracts customers in same nation and getting services. Whereas global debate
refers as marketing plan which is prepared by managers for the purpose of developing their
products and services globally which helps in development of country. The difference between
local and global debate are defined as:
Global Local
It is related with internation business activities
which is build by managers in order to run
their business outside the country or
international level.
Local debates is related with local marketing
business plan which helps attracts customer
locally or in residential country.
It helps to create various opportunities which
increases productivity and profitability.
Moreover, there are many competitors who
have attractive marketing plans to expand their
business.
It does not have many opportunities due to
having stability in marketing plan and
minimum competition.
The management of global area are generating
new trends and innovation by using different
trade policies. There exists high customer
relationship who gets better products.
In local market, there is low market trends and
high customer relationship which need to deal
for running a business.
In global debate, has wider scope that helps to In Local debate, has not wider scope due to
9
generate higher profits and outcome by using
marketing plans.
which firm is not able to generate higher
profits.
Here is need to have strong marketing plans as
well as different skills by comparing with other
organisation as well as country that helps to
take further steps.
It involves local management skills and
marketing skills to run a business at local area.
From the given differences, it is clearly defined that local marketing plans are used to run
a business only at local area, where no advance skills and high investments are required. Where
as Global debate consider different types of marketing plans and management skills to run a
business and for expansion by offering better quality of products and services. For instance, 4
Com Plc's management set business at local and global level by using attractive marketing plans
which helps to attain business objectives (Samiee and Chabowski, 2012).
Global versus Local debate
In Global debate business concern talks with all people who are living inside and outside
the regions in order to sale their products and services. It contains all letters from both query and
target sequence.
In Local debate business concern talks and share ideas with those people who lives in
their residence country and sale products and services in order to make profits. This is align with
substring of the query sequence to a substring of the target sequence.
How the marketing mix differs in various markets
Marketing mix is the combination of different element which are important to run a
business successfully. It involves product, price, place and promotion which helps to deal with
other companies and run their business successfully. All these factors are different from
international market such as to run business in international market there is need to understand
the culture, taste, interest, religion, buying habits and background of other country which helps to
run business successfully. For instance, 4 Com Plc run their business in international market by
understand the price, product, place and promotion which helps to attract employees and increase
sale. Management of such organisation compare with other international company who provides
same services at different rate and place by using different promotional activities which helps to
10
marketing plans.
which firm is not able to generate higher
profits.
Here is need to have strong marketing plans as
well as different skills by comparing with other
organisation as well as country that helps to
take further steps.
It involves local management skills and
marketing skills to run a business at local area.
From the given differences, it is clearly defined that local marketing plans are used to run
a business only at local area, where no advance skills and high investments are required. Where
as Global debate consider different types of marketing plans and management skills to run a
business and for expansion by offering better quality of products and services. For instance, 4
Com Plc's management set business at local and global level by using attractive marketing plans
which helps to attain business objectives (Samiee and Chabowski, 2012).
Global versus Local debate
In Global debate business concern talks with all people who are living inside and outside
the regions in order to sale their products and services. It contains all letters from both query and
target sequence.
In Local debate business concern talks and share ideas with those people who lives in
their residence country and sale products and services in order to make profits. This is align with
substring of the query sequence to a substring of the target sequence.
How the marketing mix differs in various markets
Marketing mix is the combination of different element which are important to run a
business successfully. It involves product, price, place and promotion which helps to deal with
other companies and run their business successfully. All these factors are different from
international market such as to run business in international market there is need to understand
the culture, taste, interest, religion, buying habits and background of other country which helps to
run business successfully. For instance, 4 Com Plc run their business in international market by
understand the price, product, place and promotion which helps to attract employees and increase
sale. Management of such organisation compare with other international company who provides
same services at different rate and place by using different promotional activities which helps to
10
provide services accordingly and provide better services at reasonable cost by comparing which
helps to make profits.
Critical evaluation of application of marketing mix in different markets
From the above discussion it critically analysed that Marketing mix is the essential for
any business whether local and international that helps to increase the productivity and
profitability of business organisation. It helps to compare with other organisation and provide
products and services accordingly which processes to higher profits. Marketing mix is applying
by 4 Com Plc in which it compare its network services, prices, promotional activities and places
with other organisation and make decisions to provide better which helps to increase number of
customers and incremental in profits. Therefore, every organisation should use marketing mix as
per marketing needs in different area or country.
P6 Product, price, pricing and promotional distribution approach differs in a variety of
international contexts
Marketing mix is playing an important role in all organisation whether national or
international. It helps to deal with challenges by comparing and attain higher profits.
International marketing is helpful for 4Com Plc as it attracts customers by adopting appropriate
strategy and marketing plans which helps to increase productivity and profitability. 4 Com Plc is
using marketing mix that are as explained:
Product- In this factor, services of 4Com Plc are designed as per needs of target
customers in context to international market (Terpstra, Foley and Sarathy, 2012). As such
organisation is mainly consider lifestyle and demand of customers of other country that helps to
develop the network services successfully. Moreover, it uses digital marketing that helps to
promote the network services globally.
Pricing- It is connected with pricing technique that attracts customers which should be
set after involving the economic status of people globally. In context to 4Com Plc keep high
prices as compare to other global brands as it provides better quality of services to customers.
Place: It refers places that states products are distributes at right place and at the right
time. Such as 4Com Plc is selling its services in local and global level that influence customers
and helps to get competitive advantages.
11
helps to make profits.
Critical evaluation of application of marketing mix in different markets
From the above discussion it critically analysed that Marketing mix is the essential for
any business whether local and international that helps to increase the productivity and
profitability of business organisation. It helps to compare with other organisation and provide
products and services accordingly which processes to higher profits. Marketing mix is applying
by 4 Com Plc in which it compare its network services, prices, promotional activities and places
with other organisation and make decisions to provide better which helps to increase number of
customers and incremental in profits. Therefore, every organisation should use marketing mix as
per marketing needs in different area or country.
P6 Product, price, pricing and promotional distribution approach differs in a variety of
international contexts
Marketing mix is playing an important role in all organisation whether national or
international. It helps to deal with challenges by comparing and attain higher profits.
International marketing is helpful for 4Com Plc as it attracts customers by adopting appropriate
strategy and marketing plans which helps to increase productivity and profitability. 4 Com Plc is
using marketing mix that are as explained:
Product- In this factor, services of 4Com Plc are designed as per needs of target
customers in context to international market (Terpstra, Foley and Sarathy, 2012). As such
organisation is mainly consider lifestyle and demand of customers of other country that helps to
develop the network services successfully. Moreover, it uses digital marketing that helps to
promote the network services globally.
Pricing- It is connected with pricing technique that attracts customers which should be
set after involving the economic status of people globally. In context to 4Com Plc keep high
prices as compare to other global brands as it provides better quality of services to customers.
Place: It refers places that states products are distributes at right place and at the right
time. Such as 4Com Plc is selling its services in local and global level that influence customers
and helps to get competitive advantages.
11
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Promotion: It states channels which are used by business organisation in order to
promote its products globally. In context to 4Com Plc, management uses online advertisement,
social media and brand ambassadors to attract more customers and sale their services at
international level.
Therefore, it has been defined that organisation should focus on their products, price,
place and promotional strategy that helps to develop the products and services by using strategic
marketing plan. Such as 4Com Plc has used attractive strategy in order to perform business in
context to international (Wilson, and et. al., 2012).
M3 Evaluation of client organisation that adopts global and local approach
A business organisation is depend on customers that helps to grow the business in effective
manner. 4Com Plc adopts global and local approach for the purpose of running their business at
international level. It helps to maintain the productivity and profitability differently by focusing
on both approach. For instance, in local, there is not need to make high investment and deep
research to provide the services where as in Global, there is need to make high investment as
well as marketing strategy in order to run a business independently. It also need to follow foreign
trade policies that can impact negatively on business.
M4 Marketing mix of organisation in international market
Marketing mix of 4Com Plc covers services, price, place and promotion that helps to
compare with global brand and increase the productivity and profitability. 4Com Plc is running
its business in different international market by offering better quality of services at suitable
prices which attracts customers and increase productivity (Zhou, Wu and Barnes, 2012).
Moreover, it uses social media, digital marketing and etc. in order to inform people and
increasing number of customers. Hence, it is useful to sale its services internationally and
gaining higher profitability.
D2 Marketing mix is applied to a range of international contexts
The marketing mix is a significant tool that helps in creating marketing strategy and its
implication through effective tactics. It helps in performing all the marketing activities in
systematic manner and fulfils needs of consumers. Application of marketing mix on 4Com Plc
will give it competitive advantage over others and huge amount of profits will be generated in
12
promote its products globally. In context to 4Com Plc, management uses online advertisement,
social media and brand ambassadors to attract more customers and sale their services at
international level.
Therefore, it has been defined that organisation should focus on their products, price,
place and promotional strategy that helps to develop the products and services by using strategic
marketing plan. Such as 4Com Plc has used attractive strategy in order to perform business in
context to international (Wilson, and et. al., 2012).
M3 Evaluation of client organisation that adopts global and local approach
A business organisation is depend on customers that helps to grow the business in effective
manner. 4Com Plc adopts global and local approach for the purpose of running their business at
international level. It helps to maintain the productivity and profitability differently by focusing
on both approach. For instance, in local, there is not need to make high investment and deep
research to provide the services where as in Global, there is need to make high investment as
well as marketing strategy in order to run a business independently. It also need to follow foreign
trade policies that can impact negatively on business.
M4 Marketing mix of organisation in international market
Marketing mix of 4Com Plc covers services, price, place and promotion that helps to
compare with global brand and increase the productivity and profitability. 4Com Plc is running
its business in different international market by offering better quality of services at suitable
prices which attracts customers and increase productivity (Zhou, Wu and Barnes, 2012).
Moreover, it uses social media, digital marketing and etc. in order to inform people and
increasing number of customers. Hence, it is useful to sale its services internationally and
gaining higher profitability.
D2 Marketing mix is applied to a range of international contexts
The marketing mix is a significant tool that helps in creating marketing strategy and its
implication through effective tactics. It helps in performing all the marketing activities in
systematic manner and fulfils needs of consumers. Application of marketing mix on 4Com Plc
will give it competitive advantage over others and huge amount of profits will be generated in
12
future. Using marketing mix at international level enhances chances of success in global market
and provide better promotion for goods and services offered.
TASK 4
P7 Different international marketing approaches client organisation can adopt
Competition is at high level at national and international market and businesses in the
Morden era needs to use different international marketing approaches while expanding at global
level (Fletcher and Crawford, 2013). 4Com Plc to understand international marketing concept
effectively will analyse different approaches and some of them are elaborated as follows-
Traditional Marketing Approach
Traditional marketing approach refers to a kind of methods for promotions,
advertisements used by the company used at the early stage of the product. Traditional marketing
approach can be used by businesses over the period of time as they provides better results. 4Com
Plc in order to gain positive results will suggest this strategy while expanding its business in the
international markets. In this approach various promotional tools available such as print media,
advertising through television, pamphlets and newspapers. All these promotional tools will help
4Com Plc to create awareness regarding amount of goods and services provided by them in
different markets.
Advantage- Using this approach will provide reachability to mass level.
Disadvantage- Advanced technologies has made traditional marketing approach costly
and less effective.
Morden Marketing Approach
In this marketing approach technology used for marketing is changed over a period of
time on the basis of new technologies and changing business environment. These marketing tools
are used to attract and communicate targeted consumer group (Chung, Lu Wang and Huang,
2012). It is vital for organisations to promote products and services using online technology with
the help of social media. Promotions through social media is highly influencing and helps in
attracting large number of consumers.
Advantage- It is one of cost effective technique for marketing at international level.
Disadvantage- It does not provide surety for attracting targeted consumers in specified
period.
13
and provide better promotion for goods and services offered.
TASK 4
P7 Different international marketing approaches client organisation can adopt
Competition is at high level at national and international market and businesses in the
Morden era needs to use different international marketing approaches while expanding at global
level (Fletcher and Crawford, 2013). 4Com Plc to understand international marketing concept
effectively will analyse different approaches and some of them are elaborated as follows-
Traditional Marketing Approach
Traditional marketing approach refers to a kind of methods for promotions,
advertisements used by the company used at the early stage of the product. Traditional marketing
approach can be used by businesses over the period of time as they provides better results. 4Com
Plc in order to gain positive results will suggest this strategy while expanding its business in the
international markets. In this approach various promotional tools available such as print media,
advertising through television, pamphlets and newspapers. All these promotional tools will help
4Com Plc to create awareness regarding amount of goods and services provided by them in
different markets.
Advantage- Using this approach will provide reachability to mass level.
Disadvantage- Advanced technologies has made traditional marketing approach costly
and less effective.
Morden Marketing Approach
In this marketing approach technology used for marketing is changed over a period of
time on the basis of new technologies and changing business environment. These marketing tools
are used to attract and communicate targeted consumer group (Chung, Lu Wang and Huang,
2012). It is vital for organisations to promote products and services using online technology with
the help of social media. Promotions through social media is highly influencing and helps in
attracting large number of consumers.
Advantage- It is one of cost effective technique for marketing at international level.
Disadvantage- It does not provide surety for attracting targeted consumers in specified
period.
13
P8 Home and international orientation and ways to assess competitors
A business organisation while marketing needs to assess various competitors available in
the market so that through adopting proper strategies business can compete effectively. When
competitors in the local market is assessed then it become easy to gather all the information
regarding competitors. While assessing competition at local level all the factors that affects
business at local level is considered. Well aware with the existing no more efforts needs to be
made to assess the level of competition. Applications of legal regulations, government policies
and business environment is approximately same for all the businesses when they are competing
at national level. Businesses when faces competition at international level the marketing
strategies to assess level of competition become a complex process. As foreign market is new
and how business activities performed and policies work there is totally a different task. When
4Com Plc expand its business to Indian market then government regulations in India and
political influence on business must be considered for assessing level of competition in
telecommunication sector.
For example- 4Com Plc is currently operating in UK and expanding its business in
international market and most appropriate destination selected for expansion is India.
Marketing in UK in the current time is done with using a mix of traditional and Morden
approach. When expansion is made to India then it can be noted that still in India traditional
method of marketing is preferred over other methods. Traditional method used by organisation
for marketing and through analysing various approaches of competitor will help in judging all
the level of competition. It is important for 4Com Plc to analyse all the factors through which
information regarding competition in telecommunication sector can be assessed.
M5 Different marketing approaches and competitor analysis
Their are several marketing approaches that can be used by a business organisation for
marketing. Application of marketing approach for same business organisation can differ when
business is expanded from local market to international market. For 4Com Plc to expand globally
it is suggested to use a mix of traditional and modern marketing approach so that advantages can
be maximised. Analysing the competitors in international market is complex and 4Com Plc
needs to consider all small and large detail to assess telecommunication market in India. When
expanding businesses at national and international level marketing approached like relationship
14
A business organisation while marketing needs to assess various competitors available in
the market so that through adopting proper strategies business can compete effectively. When
competitors in the local market is assessed then it become easy to gather all the information
regarding competitors. While assessing competition at local level all the factors that affects
business at local level is considered. Well aware with the existing no more efforts needs to be
made to assess the level of competition. Applications of legal regulations, government policies
and business environment is approximately same for all the businesses when they are competing
at national level. Businesses when faces competition at international level the marketing
strategies to assess level of competition become a complex process. As foreign market is new
and how business activities performed and policies work there is totally a different task. When
4Com Plc expand its business to Indian market then government regulations in India and
political influence on business must be considered for assessing level of competition in
telecommunication sector.
For example- 4Com Plc is currently operating in UK and expanding its business in
international market and most appropriate destination selected for expansion is India.
Marketing in UK in the current time is done with using a mix of traditional and Morden
approach. When expansion is made to India then it can be noted that still in India traditional
method of marketing is preferred over other methods. Traditional method used by organisation
for marketing and through analysing various approaches of competitor will help in judging all
the level of competition. It is important for 4Com Plc to analyse all the factors through which
information regarding competition in telecommunication sector can be assessed.
M5 Different marketing approaches and competitor analysis
Their are several marketing approaches that can be used by a business organisation for
marketing. Application of marketing approach for same business organisation can differ when
business is expanded from local market to international market. For 4Com Plc to expand globally
it is suggested to use a mix of traditional and modern marketing approach so that advantages can
be maximised. Analysing the competitors in international market is complex and 4Com Plc
needs to consider all small and large detail to assess telecommunication market in India. When
expanding businesses at national and international level marketing approached like relationship
14
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marketing, word of mouth and transactional marketing is termed as best methods (Akaka, Vargo
and Lusch, 2013).
D3 Recommendations organisations should be structured to increase opportunity
An organisational structure to maximise opportunities must be designed in such manner
that it remains open to adopt new methods that are more effective and results in productive
outcomes. Business environment keeps on changing and when new policies are introduced with
expanding business at international level other markets are assessed properly and strategy that
may results in productive outcomes is implemented. Organisational structure must facilitate
business at international market and designed through assessing all the opportunities and threats
available in that market.
CONCLUSION
From the above project report it has been concluded that international marketing is an
opportunity for businesses to expand business outside national boundaries. Businesses when
served at international level large geographical area and market share is acquired. 4Com Plc
when expand its business in global market then it will help in establishing a international and
better marketing strategies. Expanding a business in number of countries provides various
opportunities to grow and develop. The process of expansion is complex as it involves most
difficult task for selection name of country in which it wants to expand. To select market for
expansion market analysis is made and most suitable form all is selected. While expanding to a
particular market and getting success marketing mix is applied. Marketing mix which helps in
attaining all the business goals and objectives will be termed as best suitable for the organisation.
It is important for each organisation planning to expand to develop better strategies and follow
rules and regulations while operating in other countries to create good market image. Most
appropriate marketing strategies which is best suitable for the 4Com Plc will be applied so that
business gets success and achieve its pre defined objectives.
15
and Lusch, 2013).
D3 Recommendations organisations should be structured to increase opportunity
An organisational structure to maximise opportunities must be designed in such manner
that it remains open to adopt new methods that are more effective and results in productive
outcomes. Business environment keeps on changing and when new policies are introduced with
expanding business at international level other markets are assessed properly and strategy that
may results in productive outcomes is implemented. Organisational structure must facilitate
business at international market and designed through assessing all the opportunities and threats
available in that market.
CONCLUSION
From the above project report it has been concluded that international marketing is an
opportunity for businesses to expand business outside national boundaries. Businesses when
served at international level large geographical area and market share is acquired. 4Com Plc
when expand its business in global market then it will help in establishing a international and
better marketing strategies. Expanding a business in number of countries provides various
opportunities to grow and develop. The process of expansion is complex as it involves most
difficult task for selection name of country in which it wants to expand. To select market for
expansion market analysis is made and most suitable form all is selected. While expanding to a
particular market and getting success marketing mix is applied. Marketing mix which helps in
attaining all the business goals and objectives will be termed as best suitable for the organisation.
It is important for each organisation planning to expand to develop better strategies and follow
rules and regulations while operating in other countries to create good market image. Most
appropriate marketing strategies which is best suitable for the 4Com Plc will be applied so that
business gets success and achieve its pre defined objectives.
15
REFERENCES
Books & Journals
Akaka, M. A., Vargo, S. L. and Lusch, R. F., 2013. The complexity of context: A service
ecosystems approach for international marketing. Journal of Marketing Research.
21(4). pp.1-20.
Berthon, P. R. and et. al., 2012. Marketing meets Web 2.0, social media, and creative consumers:
Implications for international marketing strategy. Business horizons. 55(3). pp.261-271.
Bertoli, G., 2013. International marketing and the country of origin effect: the global impact
of'made in Italy'. Edward Elgar Publishing.
Cadogan, J. W., 2012. International marketing, strategic orientations and business success:
reflections on the path ahead. International Marketing Review. 29(4). pp.340-348.
Cavusgil, S. T. and Cavusgil, E., 2012. Reflections on international marketing: destructive
regeneration and multinational firms. Journal of the Academy of Marketing Science.
40(2). pp.202-217.
Chung, H. F., Lu Wang, C. and Huang, P. H., 2012. A contingency approach to international
marketing strategy and decision-making structure among exporting firms. International
Marketing Review. 29(1). pp.54-87.
Evers, N., Andersson, S. and Hannibal, M., 2012. Stakeholders and marketing capabilities in
international new ventures: evidence from Ireland, Sweden and Denmark. Journal of
International Marketing. 20(4). pp.46-71.
Fletcher, R. and Crawford, H., 2013. International marketing: an Asia-Pacific perspective.
Pearson Higher Education AU.
Leonidou, L.C. and et. al., 2010. Assessing the contribution of leading mainstream marketing
journals to the international marketing discipline. International Marketing Review.
27(5). pp.491-518.
Meissner, H. G., 2012. Strategic international marketing. Springer Science & Business Media.
Paliwoda, S. and Thomas, M., 2013. International marketing. Routledge.
Papadopoulos, N. and Heslop, L.A., 2014. Product-country images: Impact and role in
international marketing. Routledge.
Ringle, C. M., Sarstedt, M. and Straub, D. W., 2012. Editor's comments: a critical look at the use
of PLS-SEM in MIS quarterly. MIS quarterly. 36(1). pp.iii-xiv.
Samiee, S. and Chabowski, B.R., 2012. Knowledge structure in international marketing: a multi-
method bibliometric analysis. Journal of the Academy of Marketing Science.40(2).
pp.364-386.
Terpstra, V., Foley, J. and Sarathy, R., 2012. International marketing. Naper Press.
Wilson, A. and et. al., 2012. Services marketing: Integrating customer focus across the firm.
McGraw Hill.
Zhou, L., Wu, A. and Barnes, B.R., 2012. The effects of early internationalization on
performance outcomes in young international ventures: the mediating role of marketing
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Online
Advantages and disadvantages of buying a business. 2018. [Online]. Available
through :<https://www.business.qld.gov.au/starting-business/buying-business/buying-
business-guide/advantages>.
16
Books & Journals
Akaka, M. A., Vargo, S. L. and Lusch, R. F., 2013. The complexity of context: A service
ecosystems approach for international marketing. Journal of Marketing Research.
21(4). pp.1-20.
Berthon, P. R. and et. al., 2012. Marketing meets Web 2.0, social media, and creative consumers:
Implications for international marketing strategy. Business horizons. 55(3). pp.261-271.
Bertoli, G., 2013. International marketing and the country of origin effect: the global impact
of'made in Italy'. Edward Elgar Publishing.
Cadogan, J. W., 2012. International marketing, strategic orientations and business success:
reflections on the path ahead. International Marketing Review. 29(4). pp.340-348.
Cavusgil, S. T. and Cavusgil, E., 2012. Reflections on international marketing: destructive
regeneration and multinational firms. Journal of the Academy of Marketing Science.
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