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Published byGudrun Tollefsen Modified over 5 years ago
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Objectives Factors to Consider Before Going Global
Selecting Foreign Markets Foreign Market Entry Product Adaption for Global Marketing Management & Organization of Global Activities
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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
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Challenges in Going Global
Shifting borders Unstable governments Foreign-exchange Corruption Technological pirating
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Criteria for Entry Market Attractiveness Risk Competitive Advantage
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Five Models of Entry Into Foreign Markets
Direct invest- ment Joint ventures Licensing exporting Indirect Exporting Amount of commitment, risk, control, and profit potential
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Internationalization Process
No Export Export via Agents Sales Subsidiaries Production Abroad
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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
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$ Pricing Challenges >Price Escalation >Transfer prices
>Dumping charges >Gray markets
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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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