1. Marketing Research What’s the “same” Customer focus Need for an environmental analysis Need for sufficient, accurate, & timely information What’s “different” Each region / country is unique Differing market institutions

2. Overarching Issues What are the unique characteristics of the intended market? –What characteristics are in common with a currently penetrated market? Can multiple markets be clustered together for operating and or planning purposes? –What dimensions should be used to cluster markets? Adapt to market or standardize?

3. Information Categories Market characteristics –Size of market: rate of growth –Stage of development –Stage of product life cycle; saturation levels –Buyer behavior characteristics –Social / cultural factors –Physical environment

4. Information Categories Marketing institutions –Distribution systems –Communication media –Marketing services (advertising & research)

5. Information Categories Marketing institutions –Distribution systems –Communication media –Marketing services (adv. & research) Industry conditions –Competition size & practices –Technical development

6. Information Categories Legal environment –Laws, regulations, codes, tariffs, taxes

7. Information Categories Legal environment –Laws, regulations, codes, tariffs, taxes Resources –Personal (availability, skill, potential & cost) –Money (availability & cost)

8. Information Categories Political environment –Current government policies and attitudes –Long-range political environment

9. Market Research Primary or secondary data? Cost effective? Relevant? Accurate? Timely?

10. Obstacles to collecting International Secondary Data Comparability –Comparing data from one country / region to another (differences & errors) Lack of current data –Frequency of surveys & data collection varies Cost –Especially when privatized

11. Obstacles to collecting International Primary Data Language –Translation / back-translation Requires re-testing survey tool

12. Obstacles to collecting International Primary Data Language –Translation / back-translation Requires re-testing survey tool Infrastructure –May dictate different techniques (e.g. poor phone system or poor postal syst.)

13. Obstacles to collecting International Primary Data Language –Translation / back-translation Requires re-testing survey tool Infrastructure –May dictate different techniques (e.g. poor phone system or poor postal syst.) Cultural –Differing attitudes towards research; from avoidance to fabrication

14. Resolving data challenges Segment the research task Utilize resources –USDOC offers primary data collection service Conducted by commerce dept. employees based in U.S. foreign offices –All local, state, and federal resources ITA, World Trade Centers, Industry associations

15. Dealing with data problems Complementary product or industry substitution –“Bad” indicator / classification code National statistics substitution –Correlate demographic and consumption statistics Ratio comparisons –Use data for known areas to predict Timeline comparison –Level of consumption to development

16. Data needs & sources Economic & demographic data –STAT-USA Most Local and State trade assistance centers and Federal Depository Libraries offer free access National Trade Data Bank (NTDB) Global Business Opportunities GLOBUS State of the Nation

17. Data needs & sources Economic & demographic data –Country Commercial Guides (CCG) Available for most countries Updated annually –CIA World Factbook Greater detail than the CCGs Geography, resources, population demographics, government, infrastructure, military and economic indicators –Department of State Background Notes

18. Data needs & sources Economic & demographic data –US Foreign Commercial Service Country Market Profiles (CMP) –Single country, multi-industry reports Country Trade Statistics (CTS) –Single country over a 5 year period Foreign Economic Trends (FET) –Current business & economic developments International Market Information (IMI –Unique market situations

19. Data needs & sources Economic & demographic data –U.S. Agency for International Development (USAID) Congressional Presentations –Trade & Development Program, Dept. of State Congressional Presentation –DUN’s Marketing Service Exporter’s Encyclopedia (800) 526- 0651

20. Data needs & sources Economic & demographic data –Center for International Research World Population (demographic data) –ITA - USDOC International Economic Indicators –International Monetary Fund (IMF) International Financial Statistics –World Bank World Bank Atlas World Development Report

21. Data needs & sources Fax retrieval systems / web sites –USDOC Trade Information Center (800) USA-Trade (872-8723) www.ita.doc.gov USDOC Country desk officer –Each assigned to one or more countries or markets Get listing from TIC or Export Asst. Cntr. Private resources –Ernst & Young

22. Industry / Product specific Data STAT-USA –Industry Sector Analysis (ISA) Include local competitors, export / import statistics –International Market Insights (IMI) More current (limited time duration) –Best Market Reports (BMR) Groups markets by product classifications –US Exports of Merchandise Uses harmonized code

23. Industry / Product specific Data U.S. and Foreign Commercial Service (202) 377-2432 –Export Statistics Profiles (ESP) Available for 35 industries, $70 ea. –Custom Statistical Service For products not in ESP ($50 - $1000) –International Market Research Single industry, one country ($50 - $200) –Country Market Surveys (CMS) ($10) 8 - 12 page summaries of IMR by indust.

24. Industry / Product specific Data U.S. and Foreign Commercial Service (202) 377-2432 –Annual Worldwide Industry Reviews 9-20 countries per volume ($200 / volume) –Product Market Profiles (PMP) Single product, multicountry ($300 - $500) USDOC Competitive Assessments –Over 20 industries (202) 377-4944

25. Industry / Product specific Data U.S. Govt. Printing Office –Foreign Trade Report (FT410) $100/yr U.S. Comercial Officers –Comparison shopping service Specific product, single country National Technical Info. Service –Market Share Reports ($6.50 ea)

26. Industry / Product specific Data U.S. Small Business Administration –Export Information System Data Reports (XIS) Information Clearinghouse –FINDEX: Directory of Market Research Reports, Studies and Surveys Over 10,000 listings ($245) (212) 354-2424

27. Industry / Product specific Data USDOC Industry desk officers –“Relationship” based Trade associations –Especially in international standards issues Publications, journals, periodicals Foreign phone books – Networking –Suppliers / non-competing companies

28. Competitive Position Competitive intelligence issues –Where are they selling? –To whom are they selling –How are they selling –How much are they selling, at what price? –What is there international strategic plan?

29. Key Sources of Competitive Info. Databases –U.S. Exports by Commodity Monthly compilation (harmonized code) –Port Import Export Reporting Service (PIERS) (expensive) More detailed than Commodity report –Directory of U.S. Exporters Compilation of PIERS reports –United Nations International Trade Statistics Yearbook Less detailed than Commodity (Intntl.)

30. Key Sources of Competitive Info. Company information –Company literature (and web sites) –Company advertising –Industry associations (pooled data) Public information –Industry press –Newspapers

31. Key Sources of Competitive Info. Interviews - direct contact –Press and advertising –Government –Foreign customers / distributors –Employees from competitors –Service / fraternal organizations