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lnternational Marketing Chapter 6 Global market strategy

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Global marketing strategy – overviewGlobal market segmentationGlobal targetingGlobal product positioningEntry and expanison strategies

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Слайд 1lnternational Marketing

Chapter 6
Global market strategy

lnternational MarketingChapter 6Global market strategy

Слайд 2Global marketing strategy – overview

Global market segmentation

Global targeting

Global product positioning

Entry

and expanison strategies

Global marketing strategy – overviewGlobal market segmentationGlobal targetingGlobal product positioningEntry and expanison strategies

Слайд 3A. Global marketing strategy
A strategy is a plan of action


designed to achieve a particular goal.
A marketing strategy is

a process that can allow an
organization to concentrate its limited resources on
the greatest opportunities to increase sales and
achieve a sustainable competitive advantage.

It should be centered around the key concept that
customer satisfaction is the main goal.
A. Global marketing strategyA strategy is a plan of action designed to achieve a particular goal. A

Слайд 4Corporate’ strategic planning
It is an organization's process of

defining its strategy, or direction, and making decisions on allocating

its resources to pursue this strategy, including its capital and people.

Set mission statement
Situational analysis (SWOT)
Set objectives
Targeting


Corporate’ strategic planning  It is an organization's process of defining its strategy, or direction, and making

Слайд 51. Mission Statements
A company's mission statement is a

constant
reminder to its employees of why the

company
exists and what the founders envisioned when
they put their fame and fortune at risk to breathe
life into their dreams.


1. Mission Statements  A company's mission statement is a constant   reminder to its employees

Слайд 6 To Bring inspiration and innovation
to every athlete in

the world.



Serving the sports and athletic

industry, NIKE Inc is known for manufacturing shoes, gear and apparel, particularly for athletes in a whole range of sports such as baseball, golf, tennis, football, etc.
To Bring inspiration and innovation to every athlete in the world.    Serving the

Слайд 7To make people happy

To make people happy

Слайд 8No cynicism
Nurturing and promulgation of "wholesome American values"
Creativity,

dreams and imagination
Fanatical attention to consistency and detail
Preservation

and control of the Disney "magic"
No cynicism Nurturing and promulgation of

Слайд 9"To give ordinary folk the chance to buy the same

thing as rich people."


Слайд 10"To experience the joy of advancing and
applying technology for

the benefit of the public."


Слайд 112. SWOT Analysis
Strengths



Weaknesses



Opportunity

Threats

2. SWOT AnalysisStrengths WeaknessesOpportunityThreats

Слайд 12Strengths: attributes of the organization that are helpful to achieving

the objective.

Weaknesses: attributes of the organization that are harmful

to achieving the objective.

Opportunities: external conditions that are helpful to achieving the objective.

Threats: external conditions which could do damage to the business's performance.
Strengths: attributes of the organization that are helpful to achieving the objective. Weaknesses: attributes of the organization

Слайд 14

S:Specific 

M:Measurable 
A:Achievable 
R:Relevant 
T:Time-defined 

3. Set objective  


Слайд 154. Targeting
S T P
Segmentation

Targeting

Positioning

4. TargetingS T PSegmentationTargetingPositioning

Слайд 16B. Global market segmentation
The process of subdividing a market into


distint subsets of customers that behave
in the same way

or have similar needs.
B. Global market segmentationThe process of subdividing a market into distint subsets of customers that behave in

Слайд 181.Geographic segmentation
Dividing the world into geographic subsets
country
weather
Population
Labor
Transtion


1.Geographic segmentationDividing the world into geographic subsetscountryweatherPopulationLabor Transtion

Слайд 192. Demographic segmentation
Age
Gender
Income
Education
Occupation
Social class
Region


2. Demographic segmentationAgeGenderIncomeEducationOccupationSocial classRegion

Слайд 21Poundland is a British-based variety store chain which sells every

item in its stores for £1

Poundland, unlike many of

its rivals, have been one of the few to report strong sales in a time of economic crisis, with 2012-2013 revenue expected to reach £400m
Poundland is a British-based variety store chain which sells every item in its stores for £1 Poundland,

Слайд 22Poundland boast a loyal customer base, with
roughly

2 million predominantly female shoppers every week . Poundland also

attract students and the elderly who typically watch their budgets and look for bargains.

The retailer has been keen in recent years to move away from their reputation of only appealing to low-income households, as they continue to expand into mainstream shopping centres and districts, with an increasing number of higher earning consumers in the market for a bargain.
Poundland boast a loyal customer base, with   roughly 2 million predominantly female shoppers every week

Слайд 2310-


10-29


30-50

50+

10-10-2930-5050+

Слайд 24C. Psychographic segmentation
Attitudes
Values
Lifestyle
Purchase occasion

C. Psychographic segmentationAttitudesValuesLifestylePurchase occasion

Слайд 25D. Behavior segmentation
Wether people buy and use a product
When to

but the product
Usage rate (Heavy,medium,light,nonuser)
User status (Potential user,nonusers,ex-

users,regulars,first-timers)
brand loyalty

D. Behavior segmentationWether people buy and use a productWhen to but the productUsage rate (Heavy,medium,light,nonuser)User status (Potential

Слайд 28CCTV
CCTV1
CCTV2
CCTV3,11
CCTV4,9
CCTV5
CCTV6,8
CCTV7
CCTV10
CCTV12
CCTV13
CCTV14

CCTVCCTV1CCTV2CCTV3,11 CCTV4,9 CCTV5 CCTV6,8 CCTV7CCTV10 CCTV12 CCTV13 CCTV14

Слайд 29BBC
0-6: CBeebies
6-12: CBBC
16-34
1.BBC1
2.BBC2
3.BBC3
4.BBC4
5.BBCNews


BBC0-6: CBeebies 6-12: CBBC 16-341.BBC12.BBC23.BBC34.BBC45.BBCNews

Слайд 31C. Global targeting
Targeting is the second stage of

the STP process. After the market has been separated into

its segments, the marketer will select a segment or series of segments and 'target' it/them
C. Global targeting  Targeting is the second stage of the STP process. After the market has

Слайд 321.Undifferentiated marketing





A market-coverage strategy in which

a firm decides to ignore market segment differences and go

after the whole market with one offer .

1.Undifferentiated marketing   A market-coverage strategy in which a firm decides to ignore market segment differences

Слайд 332. Differentiated marketing strategy




The firm decides to

target several segments and develops distinct products/services with separate marketing

mix strategies aimed at the varying groups.
2. Differentiated marketing strategy  The firm decides to target several segments and develops distinct products/services with

Слайд 35CASE 2






Airline companies offering first, business

(segment 1) or economy class tickets (segment 2) , with

separate marketing programmes to attract the different groups.
CASE 2    Airline companies offering first, business (segment 1) or economy class tickets (segment

Слайд 363. Concentrated Marketing




The organisation concentrates its marketing

effort on one particular segment.


3. Concentrated Marketing  The organisation concentrates its marketing effort on one particular segment.

Слайд 37D.Global product positioning
After the organisation has selected its

target market, the next stage is to decide how it

wants to position itself within that chosen segment. Positioning refers to ‘how organisations want their consumers to see their product’.


D.Global product positioning  After the organisation has selected its target market, the next stage is to

Слайд 39Super-luxury marque,sells barely 800 cars a year .
The

company's target customers are people with liquid assets worth at

least $30m, a group Capgemini estimates numbers about 85,000 worldwide.

The marque's main point of contact with existing and potential customers is through its 74 independently owned dealerships worldwide. It chooses dealers who “live in the same world, drive the same cars, have the same yachts and aircraft” as its customers .
Super-luxury marque,sells barely 800 cars a year .  The company's target customers are people with liquid

Слайд 40Last year, Mr Robertson personally signed letters to all of

its 2,700 customers of the past three years, and sent

out a coffee-table album to the cars' former owners. The book features individual testimonials from buyers such as Japanese fashion designer Nigo, now on his third Phantom.
Last year, Mr Robertson personally signed letters to all of its 2,700 customers of the past three

Слайд 44CASE 5
"man always remember love because  of romantic  only"






CASE 5

Слайд 46E.Entry and expansion strategies

When an organisation has

made a decision to enter an overseas market, there are

a variety of options open to it. These options vary with cost, risk and the degree of control which can be exercised over them.
E.Entry and expansion strategies   When an organisation has made a decision to enter an overseas

Слайд 471. Exporting









Exporting is the most traditional

and well established form of operating in foreign markets.

It can

be defined as the marketing of goods produced in one country into another. Whilst no direct manufacturing is required in an overseas country,significant investments in marketing are required.

1. Exporting   Exporting is the most traditional and well established form of operating in foreign

Слайд 48Exporting requires a partnership between exporter, importer, government and transport.

Without these four coordinating activities the risk of failure is

increased. Contracts between buyer and seller are a must.

Exporting requires a partnership between exporter, importer, government and transport. Without these four coordinating activities the risk

Слайд 50Advantages:
Manufacturing is home based thus, it is less risky than

overseas based
Gives an opportunity to "learn" overseas markets before investing

in bricks and mortar
Reduces the potential risks of operating overseas.

Disadvantage:
overseas agents , lack of control
Advantages:Manufacturing is home based thus, it is less risky than overseas basedGives an opportunity to

Слайд 512. Licensing
Licensing is defined as "the method of

foreign operation whereby a firm in one country agrees to

permit a company in another country to use the manufacturing, processing, trademark, know-how or some other skill provided by the licensor".
2. Licensing  Licensing is defined as

Слайд 52Advantages
Good way to start in foreign operations and open


the door to low risk manufacturing relationships
Capital not

tied up in foreign operation

Disadvantages:
Licensees become competitors
Advantages Good way to start in foreign operations and open   the door to low risk

Слайд 543. Franchise
A franchise business is a method

a company uses to distribute its products or services through

retail outlets owned by independent, third party operators.

The independent operator does business using the marketing methods, trademarked goods and services and the "goodwill" and name recognition developed by the company. In exchange, the independent operator pays an initial fee and royalties to the owner of the franchise.
3. Franchise   A franchise business is a method a company uses to distribute its products

Слайд 55An individual who purchases and runs a franchise

is called a “ franchisee”. The franchisee purchases a franchise

from the “franchisor.”

The franchisee must follow certain rules and guidelines already established by the franchisor, and the franchisee must pay an ongoing franchise royalty fee, as well as an up-front, one-time franchise fee to the franchisor.
An individual who purchases and runs a franchise   is called a “ franchisee”. The franchisee

Слайд 57Businesses with a good track record of profitability.
Businesses with

broad geographic appeal.
Businesses which are relatively easy to operate.


Businesses which are relatively inexpensive to operate.
Businesses which are easily duplicated
Businesses with a good track record of profitability. Businesses with broad geographic appeal. Businesses which are relatively

Слайд 59Shanghai GM is a joint venture between GM and SAIC

Motor that manufactures and sells Chevrolet, Buick, Cadillac, and Opel

brand automobiles in mainland China.

It was founded on June 12, 1997 with 50% investment each from each partner. In February 2010, SAIC acquired an additional 1% stake in the joint venture for US$85 million and assistance in securing a US$400 million line of credit to boost SAIC's total share of Shanghai General Motors to 51% .
Shanghai GM is a joint venture between GM and SAIC Motor that manufactures and sells Chevrolet, Buick,

Слайд 60 4. Joint ventures
Joint ventures can be defined as “an

enterprise in which two or more investors share ownership and

control over property rights and operation”.

Joint ventures are a more extensive form of participation than either exporting or licensing.


4. Joint venturesJoint ventures can be defined as “an enterprise in which two or more investors

Слайд 62Xi’an Jiaotong – Liverpool University (XJTLU) is a new international

university jointly founded by Xi’an Jiaotong University China and the

University of Liverpool UK as a joint venture.

The University offers undergraduate degree programmes and awards both its own Chinese degree and a degree from the University of Liverpool.
Xi’an Jiaotong – Liverpool University (XJTLU) is a new international university jointly founded by Xi’an Jiaotong University

Слайд 63As part of its goal to offer a unique international

educational experience, XJTLU students can transfer to complete part of

their studies in Liverpool via a range of options.

Programmes are commonly referred to (n+m) where n years of study will be in XJTLU and m at the University of Liverpool. 2+2 or 4+1.
As part of its goal to offer a unique international educational experience, XJTLU students can transfer to

Слайд 64Advantages
Sharing of risk and ability to combine the local

in-depth knowledge with a foreign partner with know-how in technology

or process

Joint financial strength

May be the source of supply for a third country.
Advantages Sharing of risk and ability to combine the local in-depth knowledge with a foreign partner with

Слайд 65Disadvantages:
Partners do not have full control of management

May be

impossible to recover capital if need be

Partners may have different

views on expected benefits.
Disadvantages: Partners do not have full control of managementMay be impossible to recover capital if need bePartners

Слайд 665. Ownership
The most extensive form of participation is

100% ownership and this involves the greatest commitment in capital

and managerial effort.

The ability to communicate and control 100% may outweigh any of the disadvantages of joint ventures and licensing. However, as mentioned earlier, repatriation of earnings and capital has to be carefully monitored. The more unstable the environment the less likely is the ownership pathway an option.
5. Ownership  The most extensive form of participation is 100% ownership and this involves the greatest

Слайд 676. Merger & acquisition
Mergers and acquisitions (M&A)

are both an aspect of corporate strategy, corporate finance and

management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or new location, without creating a subsidiary, other child entity or using a joint venture.
6. Merger & acquisition  Mergers and acquisitions (M&A) are both an aspect of corporate strategy, corporate

Слайд 68A merger is a legal consolidation of two companies into

one entity.

An acquisition is the purchase of one business or

company by another company or other business entity. Such purchase may be of 100%, or nearly 100%, of the assets or ownership equity of the acquired entity (in which case the target company still exists as an independent legal entity controlled by the acquirer).
A merger is a legal consolidation of two companies into one entity.An acquisition is the purchase of

Слайд 70The marriage between Geely and Volvo, largely a result of

the global economic recession, is definitely
a milestone in

the development of not only the two companies but the Chinese auto industry.

It marks the largest acquisition of an overseas carmaker by a Chinese company, and is China's biggest foray into the ownership of a big luxury brand. Geely's move is seen as emblematic of the shift in the global car industry's center of gravity from the US and western Europe to China.
The marriage between Geely and Volvo, largely a result of the global economic recession, is definitely

Слайд 72Summary
Global market segmentation: Geographic segmentation; Demographic segmentation; Psychographic segmentation;Behavior segmentation
Global

targeting
Global product positioning
Entry and expanison strategies: Exporting; Licensing; Franchise;Joint ventures;Ownership


SummaryGlobal market segmentation: Geographic segmentation; Demographic segmentation; Psychographic segmentation;Behavior segmentationGlobal targetingGlobal product positioningEntry and expanison strategies: Exporting;

Слайд 73Reference
海尔的营销策略 孙健 企业管理出版社
经营战略(哈佛商学院MBA课程) 阿尔弗雷德.钱德勒 中国国际广播出版社
http://www.infofranchise.cn/ (特许经营信息)
http://www.ftchinese.com/(海外并购新闻案例)

Reference海尔的营销策略 孙健 企业管理出版社经营战略(哈佛商学院MBA课程) 阿尔弗雷德.钱德勒 中国国际广播出版社http://www.infofranchise.cn/ (特许经营信息)http://www.ftchinese.com/(海外并购新闻案例)

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