Analysis of Home and International Marketing Orientation

Verified

Added on  2023/06/14

|5
|336
|124
Report
AI Summary
This report provides a comparative analysis of home and international marketing orientations, highlighting the differences in business activities, technology adoption, and risk factors. It examines how competitors focus on the strengths and weaknesses of each approach, emphasizing the importance of understanding customer needs, market trends, and government regulations. The report also offers recommendations such as understanding local marketing strategies, building strong local relationships, conducting thorough market research, creating customer profiles, focusing on the 7Ps of marketing mix, and utilizing promotional activities like social media and advertising. This document is available on Desklib, a platform offering a variety of study tools and solved assignments for students.
Document Page
International marketing
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Comparing home and international orientation and different ways that competitors
outlining the implications in each approach
Home orientation International orientation
1. In this type of orientation, business activities are
done in one country only at local or domestic level.
Here, the activities of production, selling and
distribution of goods and satisfaction level of
customers is seen within one country only.
2. In home orientation, business organisation cannot
have easy access to the latest technology, it takes
time to adopt new technology.
3. The risk factor and major challenges that can
impact company’s performance, are less as compared
to international orientation.
1. While on the other hand, when the business
operations conducted in multiple countries at global
level then it is known as international orientation.
For example- export-import of products or services.
2. In this type of orientation, the major benefit is that
the business company can have easy access to the
latest and updated technology.
3. On the other side, due to socio-cultural
differences, major external factors like rates and
international pricing strategy the risk is high. It
requires a lot of deep research on the market trends.
Document Page
Continued…
Competitors focusing on strengths and weaknesses of each approach such as
understanding the needs and requirements of customers.
By identifying market and customers trends the competitors is outlining the
international approaches.
At domestic marketing, competitors are focusing on rules made by government locally.
And on the international side, competitors require huge capital to invest in big projects
so they work with government strategies.
Document Page
Recommendations
understanding of local marketing strategies
create close relationships with the teams of local market.
proper market research
creating potential customer profile
focus on 7Ps of marketing mix
Promotional activities such as social media platform, advertisement
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
chevron_up_icon
1 out of 5
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]