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Objectives Factors to Consider Before Going Global

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Presentation on theme: "Objectives Factors to Consider Before Going Global"— Presentation transcript:

1 Objectives Factors to Consider Before Going Global
Selecting Foreign Markets Foreign Market Entry Product Adaption for Global Marketing Management & Organization of Global Activities

2 Major Decisions in International Marketing
Deciding whether to go abroad Deciding which markets to enter Deciding how to enter the market Deciding on the marketing program marketing organization

3 Challenges in Going Global
Shifting borders Unstable governments Foreign-exchange Corruption Technological pirating

4 Criteria for Entry Market Attractiveness Risk Competitive Advantage

5 Five Models of Entry Into Foreign Markets
Direct invest- ment Joint ventures Licensing exporting Indirect Exporting Amount of commitment, risk, control, and profit potential

6 Internationalization Process
No Export Export via Agents Sales Subsidiaries Production Abroad

7 Five International Product and Promotion Strategies
Straight extension Do not change product promotion Develop new product Product invention Product adaptation Adapt product Communi- cation adaptation Adapt promotion Dual adaptation

8 $ Pricing Challenges >Price Escalation >Transfer prices
>Dumping charges >Gray markets

9 Whole-channel Concept for International Marketing
Seller Seller’s international marketing headquarters Channels between nations Channels within foreign nations Final buyers


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