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International market entry strategy
International market entry strategy
Market Growth/Size and Trends (20 pts): How quickly is the industry overall growing (or shrinking)? What are the trends in the industry (please focus on the industry as a whole rather than the individual firm you are covering)? How will they affect the industry as a whole (analyze both positive or negative effects)?
Key Competitors (20 pts): Who are the main competitors of the firm? What different categories do they fall into?
For Marketing Mix, you need to address the following 4Ps relevant to the firm you are writing about:
Product (10 pts): What stage of the product life cycle are its products (i.e. introduction, growth, maturity or decline) in? Are they convenience products, shopping products, or speciaty products?
Price (10 pts): What pricing strategy does the firm employ? Profitability-pricing techniques such as matching the competition, creating prestige and skimming? Or volume-pricing techniques such as penetration, every day low pricing, high/low, and loss leader?
Placement/distribution (10 pts): What distribution strategy does the firm employ? Intensive, selective or exclusive distribution? If applicable, where are the retail stores typically located? What about non-store retailing such as online or catalog distribution?
Promotion (10 pts): What’s the firm’s promotional mix, e.g. its strategies in advertising, personal selling, public relations (PR) and sales promotion? Be as specific as you can be.
-For international market entry strategy, you need to address the following two areas:
Host country analysis (10 pts): Which country will you select as the host country for your firm to enter? Why? Please describe the firm-country fit.
Mode of entry (10 pts): Which mode of entry (i.e. licensing, franchising, strategic partnership, joint venture, wholly owned subsidiary, etc.) is most appropriate for entering the host country named above? Why?
Sample Solution
Public relations play a very important function in almost each educational group. academic public relation officers assist students and paintings with mother and father and numerous agencies within institutions. They distribute e-newsletter containing statistics about campus events, construct and preserve ties with alumni, academics, team of workers and students. consistent with national faculty Publi International market entry strategyc family members association (2012) educational public members of the family is a deliberate and systematic management characteristic to assist improve the programmes and offerings of an academic corporation. This shows that sports of instructional public members of the family are a – way affairs related to communication between the group and its publics. countrywide college Public relations affiliation (2012) echoes that one of the educational public relations features is to provide counseling to students, take a proactive stances, assume tro International market entry strategy ubles, and offer solutions and deal with all components of the school guides. Newson and Carrel (2001) in addition emphasize that public relations employees for the nearby colleges distrinct need to be aware about the feelings of college students, parents, electorate and the regional accrediting organisation. consistent with Seitel (2007), the capabilities of public family members accommodates writing, media family members, making plans, counseling, getting to know, exposure, advertising communications, community members of the f International market entry strategy amily, consumer family members, employee relations, authorities (regulatory) affairs, investor(stakeholders) family members, public affairs and problem control and website development. The role normally performed by way of public members of the family in educational institution is to manipulate the float of each internal and outside communication. Public family members departments manipulate their corporationâs popularity with diverse organization which include inner and outside publics. consistent with Seitel (2009) âpublic family members practices is primarily based on âway communications facilitated through a multimedia approach and is based on researchââ. The conventional roles of the schooling public relations experts were that of a scribe and paper mover. Whose motive typically became to inform but frequently to publicize? For the most the duties of the instructional public family members specialist or practitioner turned into the recording and publishing of mins of board conferences, the development of brochures for economic campaigns or even the supervision of the college newspaper whilst the positions turned into 1/2 in place of full time(Ojomo et al 2006). today, however, the role of the educational public relations practitioner is seen as a far broader one. Flatt (2002) indexed twenty roles for the present day public members of the family specialist those leadership roles emphasised a ramification of abilities, publicizing, advertising advertising (of cu International market entry strategy rrent new merchandise services), enhancing and knowing fundamental image layout, accomplishing budget and building referenda campaigns. public family members in service for directors and workforce, touching on effectively to adults and kids in community problem fixing situations ,dealing with oral and written complained and organizing and administering communications plan for college disaster, retai International market entry strategy ning correct district public relations information, determining opportunity futures and serving not only as the district peacemaker and public conscience, however also as one of the superintendents key advisors, which incorporates talking for her or him occasions. The dynamic nature of schooling and academic institution has made it someway to have stereo-kind public members of the family for educational establishments particularly in Nigeria. .Nkwocha (2004). but the following could serve as the fundamental for articulati International market entry strategy ng feature of public family members in tertiary institutions. 1. To serve as communication hyperlink among the group and its inner and external publics. 2. To embark on all activities and applications that could significantly reduce pupilâs agitation and crisis 3. To cozy the knowledge and help of fundamental donors and philanthropist for the institution. 4. To comfortable the self assurance and guide of government. five. To adopt network family members activities so one can create lasting friendship among the group and the host communities. 6. To reveal tendencies in education as they’ll have an effect on performance and fortunes of tertiary establishments 7 To foster mutual and beneficial dating among the management of the institution and its employees, people union and their leaderships. 8 To layout programmes that might carry the institution alumni to aid its causes always. 9. To embark on college studentsâ members of the family sports that engenders symbiotic relationship between the studentsâ union leaders and t International market entry strategy he control. 10. To manual the proprietors and control in building for the organization appropriate photograph that draws publicâs goodwill. 11. To adopt periodic research, suggest management and positioned ability plans in region to remedy robust>
Public relations play a very important function in almost each educational group. academic public relation officers assist students and paintings with mother and father and numerous agencies within institutions. They distribute e-newsletter containing statistics about campus events, construct and preserve ties with alumni, a International market entry strategy cademics, team of workers and students. consistent with national faculty Public family members association (2012) educational public members of the family is a deliberate and systematic management characteristic to assist improve the programmes and offerings of an academic corporation. This shows that sports of instructional public members of the family are a – way affairs related to commun International market entry strategy ication between the group and its publics. countrywide college Public relations affiliation (2012) echoes that one of the educational public relations features is to provide counseling to students, take a proactive stances, assume troubles, and offer solutions and deal with all components of the school guides. Newson and Carrel (2001) in addition emphasize that public relations employees for the nearby colleges distrinct need to be aware about the feelings of college students, parents, electorate and the regional accrediting organisation. consistent with Seitel (2007), the capabilities of public family members accommodates writing, media family members, making plans, counseling, getting to know, exposure, advertising communications, community members of the family, consumer family members, employee relations, authorities (regulatory) affairs, investor(stakeholders) family members, public affairs and problem control and website development. The role normally performed by way of public members of the family in educational institution is to manipulate the float of each internal and outside communication. Public family members departments manipulate their corporationâs popularity with diverse organization which include inner and outside publics. consistent with Seitel (2009) âpublic family members practices is primarily based on âway communications facilitated through a multimedia approach and is based on researchââ. The conventional roles of the schooling public relations experts were that of a scribe and paper mover. Whose motive typically became to inform but frequently to publicize? For the most the duties of the instructional public family members specialist or practitioner turned into the recording and publishing of mins of board conferences, the development of brochures for economic campaigns or even the supervision of the college newspaper whilst the positions turned into 1/2 in place of full time(Ojomo et al 2006). today, however, the role of the educational public relations practitioner is seen as a far broader one. Flatt (2002) indexed twenty roles for the present day public members of the family specialist those leadership roles emphasised a ramification of abilities, publicizing, advertising advertising (of current new merchandise services), enhancing and knowing fundamental image layout, accomplishing budget and building referenda campaigns. public family members in service for directors and workforce, touch International market entry strategy ing on effectively to adults and kids in community problem fixing situations ,dealing with oral and written complained and organizing and administering communications plan for college disaster, retaining correct district public relations information, determining opportunity futures and serving not only as the district peacemaker and public conscience, however also as one of the superintendents key advisors, which incorporates talking for her or him occasions. The dynamic nature of schooling and academic institution has made it someway International market entry strategy to have stereo-kind public members of the family for educational establishments particularly in Nigeria. .Nkwocha (2004). but the following could serve as the fundamental for articulating feature of public family members in tertiary institutions. 1. To serve as communication hyperlink among the group and its inner and external publics. 2. To embark on all activities and applications that could significantly reduce pupilâs agitation and crisis 3. To cozy the knowledge and help of fundamental donors and philanthropist for the institution. 4. To comfortable the self assurance and guide of government. five. To adopt network family members activities so one can create lasting friendship among the group and the host communities. 6. To reveal tendencies in education as they’ll have an effect on performance and fortunes of tertiary establishments 7 To foster mutual and beneficial dating among the management of the institution and its employees, people union and their leaderships. 8 To layout programmes that might carry the institution alumni to aid its causes always. 9. To embark on college studentsâ members of the family sports that engenders symbiotic relationship betw International market entry strategy een the studentsâ union leaders and the control. 10. To manual the proprietors and control in building for the organization appropriate photograph that draws publicâs goodwill. 11. To adopt periodic research, suggest management and positioned ability plans in region to remedy robust>
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