British Telecom: International Marketing Mix and Approaches Report
VerifiedAdded on 2023/01/19
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Report
AI Summary
This report delves into the realm of international marketing, examining the principles and strategies employed to expand a company's reach and cater to global markets. It begins with an introduction to international marketing and the context of British Telecom (BT), a major telecommunications provider. The report contrasts global and local marketing approaches, highlighting key arguments in the debate between them. It evaluates the circumstances and implications of these approaches, specifically in the context of BT. The core of the report investigates the marketing mix elements—product, pricing, promotion, and distribution—and determines how to adapt them for international markets. Furthermore, it explores various international marketing approaches, including multinational, transnational, and global strategies. The report also considers home versus international orientation, assessing competitors and providing conclusions and recommendations based on marketing mix and organizational structure, culminating in an evaluation of marketing approaches in an international context. The report emphasizes the importance of market research, adaptation, and strategic decision-making in achieving success in international markets.
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