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Global Markets and Buyers

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Presentation on theme: "Global Markets and Buyers"— Presentation transcript:

1 Global Markets and Buyers

2 Developing an international marketing strategy
Segmenting Targeting Positioning

3 Reasons for Global Market Segmentation
Country Screening Entry Decisions Global Market Research Positioning Strategy & Marketing Mix Policy

4 Bases for Country Segmentation
Demographics Socioeconomic Variables stages of economic development Per capita income Culture Political Conditions Behavior-Based Segmentation Life Style

5 “Think” and “Feel” Country Clusters

6 Plot of Concentration Versus Category Growth: Chocolate Industry

7 Chocolate Market Two-Cluster Solution

8 Three-Cluster Solution
Chocolate Market Three-Cluster Solution

9 Properties of a Market Segment
Measurable Sizable Accessible Actionable Competitive Intensity Growth Potential

10 Bases for Global Segments
Geographic Demographic Psychographic Behavior Benefits

11 Average Monthly Expenditures for Chinese Households National and Urban Areas - 1994
National Urban Areas Food (includes eating out) $22.10 $38.00 Savings Clothing Child's Education Home (includes Rent & Utilities) Daily Goods other than Food Medical Expenses & Drugs Entertainment SOURCE: Gallup China.

12 Life Style Exhibit : Typology of European Car Market

13 Roper Starch Worldwide Global Study
40,000 consumers in 40 countries Shopping Styles Deal Makers (29%) - love the buying process Price Seekers (27%) - place primary value on the product that they are buying Brand Loyalists (23%) - purchase name brands and remain true to them Luxury Innovators (21%) - seek new, prestigious brands

14 How the World Shops Source: “How the World Shops,” Advertising Age, June 5, 1995, p.3.

15 How the World Shops Source: “How the World Shops,” Advertising Age, June 5, 1995, p.3.

16 How the World Shops Source: “How the World Shops,” Advertising Age, June 5, 1995, p.3.

17 Emerging Middle Class Asian Yuppies - Having it all
Levels of income & purchasing patterns in developing countries v. prosperous economies Demand for goods in emerging markets v. mature markets è Market segmentation issues

18 International Positioning Strategies
Global Positioning and Segmentation Strategies Universal Segment / Uniform Positioning Theme Universal Segment / Different Positioning Themes Different Segment / Different Positioning Themes

19 Global Positioning & Segmentation Strategies


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