All that Ms. Chang would do is to apply for the patent protection and then franchise a local company to manufacture the CAD system with full assurance that the product will be right protected and the business will still have the same business profits as it is in Singapore.
As a matter of fact, the machine, being so sophisticated will require importation of skills and manpower from the Singapore mother company since they are the ones who are familiar with its operations and can set it up within the licensed company in Pakistan. This makes it easier to have control over the operations of the machine and the levels of output as the technicians will have to be always around to supervise the smooth operation of the system.
Even though the levels of manufacturing in Singapore is above the levels of manufacturing in Pakistan, it still remains to be slightly lower…...
mlaReferences
All Things Pakistan, (2010). Handmade Carpets of Pakistan. Retrieved December 14, 2011 from http://pakistaniat.com/2010/04/07/handmade-carpets-of-pakistan/
American Institute of Pakistan Studies, (2011). About Pakistani Economy. Retrieved December 14, 2011 from http://www.pakistanstudies-aips.org/pakistan/economy/development.html
Gary Dean, (2000). The role of FDI in the development of Singapore. Retrieved December 14, 2011 from http://okusi.net/garydean/works/fdising.html
Khursheed Khan & Associates, (2011). Pakistan Patent Ordinance 2000. Retrieved December 14, 2011 from http://www.pakistanlaw.com/memorandum_newpatent_law.php
International Market Evaluation
Political and Legal Environment Comparison: Canada vs. Australia
Both Canada and Australia are reported to have a 'Country isk Tier (CT)' that reflects "A.M. Best's assessment of three categories of risk: Economic, Political and Financial System isk stated in the case of Canada and Australia to be CT-1 classification which is characterized by "very low levels of economic, political and financial system risk." (AMB Country isk eport, 2010) The economic risk in Canada is reported to be 'very low' and the political risk in Canada is also stated at very low since Canada is a "high income country with significant natural resources and an established legal system." (AMB Country isk eport, 2010) The economy of Canada is directly impacted by the U.S. financial system. The budget of Canada is reported to have moved "into deficit as the government has used fiscal policy to help stimulate the economy." (AMB Country…...
mlaReferences
Maple Leaf Foods (2008) Retrieved from: http://www.fundinguniverse.com/company-histories/Maple-Leaf-Foods-Inc.-Company-History.html
Howell, GV and Miller, R (nd) Maple Leaf Foods: Crisis and containment case Study. University of Sydney. Retrieved from http://epress.lib.uts.edu.au/ojs/index.php/pcr/article/viewFile/1297/1529
Australia (2010) Country Risk Tier. Retrieved from: ports/australia.pdfhttp://www3.ambest.com/ratings/cr/re
Canada (2010) Canada. Country Risk Tier Retrieved from: ts/australia.pdfhttp://www3.ambest.com/ratings/cr/repor
Northampton-Based Organisation Wishes Expand Market Internationally
Strategy of International Trade
A firm may decide to operate internationally due to a wide variety of reasons. These reasons include but are not limited to market imperfections at home, gaining market power and favourable environment overseas. In order to operate internationally, firms need an appropriate strategy so that their resources are put to best use and the whole process of internationalization proceeds according to plan. (Twarowska and Kakol, 2013)
There are two ways of entering an international market, equity-based entry and non-equity-based entry. The former gives high return on investment and market control but it has high risk associated with it. The latter does not give sufficient market power nor high rate of return but it is volatile and minimizes the risk. (Twarowska and Kakol, 2013)
The first and the least risky method to trade internationally is engaging in import and export. Using this strategy, the…...
mlaReferences
Barney, J. (1986). Organizational culture: can it be a source of sustained competitive advantage?. Academy of management review, 11(3), pp.656 -- 665.
Burnes, B. (2004). Kurt Lewin and the Planned Approach to Change: A Re-appraisal. Journal of management studies, 41(6), pp.977 -- 1002.
Burnes, B. (2004). Kurt Lewin and the Planned Approach to Change: A Re-appraisal. Journal of management studies, 41(6), pp.977 -- 1002.
DeRuiter Consultancy, (2009). THE DEVELOPMENT OF AN INTERNATIONAL Business STRATEGY. Hilversum: DeRuiter Consultancy, pp.1-11.
Segmenting International Markets
Companies that operate internationally will also segment the market internationally. International segmentation is undertaken by companies identifying groups of consumers with common traits or characteristics, which may traverse national borders (Kotler & Keller, 2011). One of the most basic methods of segmenting international markets is through regional, or national, segments based on social or cultural differences. For example, when KFC first entered the Chinese market the market was perceived as a similar market to other Asian countries, is that the company failed to succeed due to different case. When the company realized that Chinese consumers did not like skin on the fried chicken, and adjusted the product for this market they became more successful (Gereffi & Christian, 2010). Different consumer tastes which impact on the way product is made, presented or sold are only one potential source of international segmentation, other influences may include political, legal or…...
mlaReferences
Arena, (2014), New Product Development Steps & How to Address NPD Challenges, accessed at http://www.arenasolutions.com/resources/articles/new-product-development-npd
Bodine, Kerry; Bernoff, Josh; Manning, Harley, (2012), Outside in: The Power of Putting Customers at the Center of Your Business, Houghton Muflin
Gereffi, G; Christian, Michelle M, (2010), "Trade, Transnational Corporations and Food Consumption: A Global Value Chain Approach," in Hawkes, C; Blouin, C; Henson, S; Drager, N; Dube, L. (eds), (2010), Trade, Food, Diet and Health Perspectives and Policy Options, Wiley-Blackwell, pp. 91-110
Hooley GJ; Saunders JA; Piercy, (2007), Marketing Strategy and Competition Positioning, London, Prentice Hall
Globalization and competition within the international markets demands that multinational corporations employ a series of strategies aimed at ensuring that they maintain a competitive advantage over their rivals. Such strategies can never be realized without first being aware of the external environment differences. An external environment analysis is therefore a key factor in the formulation of a successful internationalization strategy (Kennedy,1984).In this paper, we explore the concept of external environmental analysis and its role in the success of Starbucks as a multinational company.
The role of external environmental analysis in the strategic formulation of an internationalization strategy
The work of Babatunde and Adebesi (2012) noted that every organization that operates in a competitive business environment must employ strategic environmental scanning techniques in the evaluation of the external environmental forces (the opportunities and threats) in order to help the organization seize the opportunities and avoid threats and thereby gain profitability. Organizations, especially multinationals…...
mlaReferences
Fastcasual (2012). Starbucks growth boosted by international operations. < http://www.fastcasual.com/article/198181/Starbucks-growth-boosted-by-international-operations >
Norms: Every society has a set of norms, which often include the folkways, mores, taboos and rituals that exist within the culture.
Values: The values of a culture often refer to the things that are to be achieved or to the things that are considered of great worth or value.
eligion and Beliefs: The religion and the beliefs of the people in a civilization play an important role in shaping up of the culture of any society.
Social Collectives: Social collectives refer to the social groups, organizations, communities, institutions, classes, and societies, which are considered as symbolic social constructions within a culture.
Statuses and oles: A status or a social role is a slot or position within a group or society that a person belongs to.
Cultural Integration: This refers to the degree of harmony or integration within the various elements of culture (What are the Elements of Culture, 2009).
eference List
American Keiretsu. (1998). etrieved September…...
mlaReference List
American Keiretsu. (1998). Retrieved September 17, 2009, from Red Herring Web site:
http://www.redherring.com/Home/8219
Arbitration and Conciliation Act, 1996. (n.d.). Retrieved September 17, 2009, from Web site:
The franchising operations have expanded significantly during the recent years namely because of the benefits and reduced risks they offer to both parties. A positive example in this sense is given by international chain McDonald's, which franchised several of their stores to countries across the globe. The McDonald's example however also reveals that franchising is not always suitable, and it is far from being the universally agreed method of successfully penetrating the foreign markets. To better understand, before entering the ussian market, the officials at McDonalds clearly analyzed the market features and felt the need to handle the operations by themselves, rather than become a franchisor. As a result of increased attention to details, the American corporation now holds next to 80% of the ussian fast food industry. Other American-based fast food chains have attempted to enter the market, but they did this through franchising, and the economic background…...
mlaReferences
Castrogiovanni, G.J., Combs, J.G., Justis, T.R., Shifting Imperatives: An Integrative View of Resource Scarcity and Agency Reasons for Franchising, Entrepreneurship, Theory and Practice, Volume 30
Fried, V.H., Elango, B., 1997, Franchising Research: A Literature Review and Synthesis, Journal of Small Business Management, Volume 35
Lafontaine, F., Shaw, K.L., 1999, the Dynamics of Franchise Contracting: Evidence from Panel Data, the Journal of Political Economy, Volume 107, Number 5, pages 1041-1080
Martin, R.E., 1988, Franchising and Risk Management, the American Economic Review, Volume 78, Number 5, pp.954-968
5 billion (a$28.2 billion) in 2008 (IK, 2009). The Germans have a long history in the business, with "eau de Cologne" being invented in Koln 210 years ago (IK, 2009). The German market is continuing to grow slowly, despite economic challenges, recording 10.5% growth since 2004 (Ibid.).
There are approximately 525 firms in the industry in Germany, ranging from large international enterprises to small boutique cosmetic and fragrance houses. The industry is centered in Frankfurt. These companies are among the world's leading exporters of cosmetics. The industry association coordinates efforts with respect to both marketing and research and development functions at German firms.
The German cosmetics market is relatively saturated with competitors. Most major international brands have a presence in the market, as do scores of boutique brands. A multitude of channels are used, with indications being that mainstream mass retailers are the preferred channel for Germans in general. These tend to…...
mlaWorks Cited:
Gillespie, Andrew. (2007). Foundations of Economics: Additional Chapter on Business Strategy. Oxford University Press. Oxford, United Kingdom.
European Union. (2008). Bilateral Trade Relations: Australia. European Union. Retrieved September 3, 2009 from http://ec.europa.eu/trade/issues/bilateral/countries/australia/index_en.htm
Department of Foreign Affairs and Trade. (2009). Summary of Australia's Trade. Government of Australia. Retrieved September 3, 2009 from http://www.dfat.gov.au/PUBLICATIONS/stats-pubs/mtd/australia_trade_0906.pdf
Dougherty, Carter. (2009). Europe's Surge Signals Hope for Economic Recovery. New York Times. Retrieved September 3, 2009 from http://www.nytimes.com/2009/08/14/business/global/14euro.html
The primary limitation of using the existent data bases as a support for the current marketing research revolves around the fact they can contain outdated information, which was useful at the time the first research was taken, but are no longer applicable in the context of the current research, due to reasons such as changes in demographics, an increased competition or changing consumer preferences.
Personal interviews
Personal interviews are similar to focus groups in the meaning that they refer to direct dialogues between the researcher and the audience -- in this case a single individual; the conversations are generally recorded for further analysis. The main advantage of this approach is that of an honest reaction to a product or a campaign promoted; the company could easily capitalize on its experience with the prospective customer and could significantly improve its offering. Nevertheless, there is the major disadvantage that personal interviews take time,…...
mlaReferences:
Kotler, P., Armstrong, G., Wong, V., Saunders, J., 2008, Principles of Marketing, 5th Edition, Pearson Education, ISBN 0273711563
2009, Five Basic Methods of Market Research, All Business, last accessed on November 18, 2009http://www.allbusiness.com/marketing/market-research/1287-1.html
PUPOSE OF THE STUDY
The focus of this research on international marketing and its applicability in an international context is the main contribution of this study. The addition to the literature is using the cultural framework of proportion of immigrants in the society to understand how cultural differences affect the applicability of international marketing. That is, the paper will expand on other international marketing papers to present a wider look at how international marketing differs form other countries. The study also refines the analytical framework by exploring firms in Dublin, Ireland in the business sector -- the sample as chosen from this population to get the unique perspective of these firms. How are modern business strategies that use direct marketing tools and new technological processes affecting specific sectors in the society? Also, what is the role of firms in Dublin, Ireland as it relates to the immigrant population? These are some…...
mlaREFERENCES
Australian Government. 2007. "Business to proportion of immigrants in the society." Australian Trade: Trends and Opportunities. Retrieved on March 29, 2010 from of immigrants in the society/default.aspxhttp://www.austrade.gov.au/Business-to-proportion
Bayati, A. And Taghavi, A. 2007. The impacts of acquiring ISO 9000 Certificate on the performance of firms in Dublin, Ireland in Tehran. The TQM Magazine, 19(2), pp 140-149.
Cateroa, R. 1987. International Marketing. Illinois: Irwin Incorporated.
Crick, D. Obaidi, M., Chaudhry, S. 1998. Journal of Marketing Science, 4(7), pp 187-199.
Knuedge / Knu Verse Marketing Plan
Marketing Mix
Product
Product strategies play a significant role as product offering gives a fundamental reason as to why the consumers ought to select the company compared to rival companies. These encompass the consumer preferences from the product offering and the needs it satisfies (Ferrell and Hartline, 2014). The product offerings from Knuverse are easy yet powerful, secure yet integratable as well as accurate yet flexible. In particular, the products offered by the company are built on voice technologies that are relied upon by the most demanding military consumers (Knuverse Website, 2016).
Pricing
Pricing strategies play a pivotal role in the marketing mix taking into account that, ultimately, this accounts for the revenue generated by the firm. Therefore, in the end, pricing can influence a business' success or sinking. More so, pricing is not a sole idea but rather a manifold one with various implications for the manufacturer, the…...
mlaReferences
Boone, L. E., Kurtz, D. L. (2015). Contemporary Marketing 17th Edition, Boston: Cengage Learning.
Ferrell, O. C., Hartline, M. (2014). Marketing Strategy. Ohio: South Western Cengage Learning.
Hose, C. (2016). Difference Between Advertising Strategy & Promotion Strategy. Chron.
KnuVerse Website. (2016). Products. Retrieved 28 August 2016 from: https://www.knuverse.com/products/
International expansion is one of the growth strategies that are embraced by companies in order to improve their bottom-line/profitability. In this paper, we present an elaborate international marketing strategy for ed Bull energy drink. The marketing plan begins with an introduction into the concept of international expansion and marketing and a brief overview of the company. A review of the main conclusions and recommendations is then presented. This is then followed by a discussion of internalization strategy. In this section, the context as well as context and reasons for the firm's internationalization initiation or expansion decision, as well as a discussion of the stage of internationalization at which your chosen firm finds itself. The next section is a discussion of the foreign market segmentation and targeting strategies. Under this section, we justify our choice of a market concentration or diversification strategy, incremental vs. simultaneous entry, the number of countries you…...
mlaReferences
Doodle, I. And Lowe, R., 2004. International Marketing Strategy: Analysis, Development and Implementation, ThomsonLearning, London.
EastBridge Import & Export Co., LTD, The Import Procedure of Food and Drink, Viewed 14 March 2012, http://www.eastbridgechina.com/En/Show.asp?id=33.
Encyclopedia of the Nations, China Country overview, Viewed 30 April 2012, http://www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/China.html .
Euromonitor International, Red Bull plans Asian expansion, Viewed 14 March 2012, http://www.marketresearchworld.net/index.php?option=com_content&task=view&id=1232&Itemid=77
As a matter of fact, this means venturing into unknown territories by the company and because of this the company has to work to eliminate this weakness by studying the market segments and their needs so you can meet those needs.
Marketing objectives are based on understanding the strengths and weakness and the business environment that the company operate in. The objectives are also linked to the overall business strategy. For instance, in the case of ABC Textile Company business objective is to penetrate in the international market be able to pose a serious competition in the industry. So as to achieve this objective, the company will be targeting a new promising market segment especially those in the rural areas to help achieve this growth.
Having realized the target market, the company has to position itself in it. To do this, the product should have a core message that differentiates the…...
mlaWorks Cited
Garth (2000) Strategic Management; Wiley, New York. Retrieved on May 2nd 2013 from: http://soq.sagepub.com/content/1/2/241.extract
" (Veeramani, 2004)
Stated as contributors to the export success of China are those as follows:
1) Favorable exchange rate;
2) Low wages;
3) Availability of labor;
4) Large domestic market;
5) Huge volume FDI inflows etc. (Veeramani, 2004)
India is not far behind except the gap existing in the FDI volume into China and India, which remains a large gap. The FDI for India has been of much less importance as compared to China except in view of information technology. Sinha (2007) states: "In short, while the multinationals mostly engage in the export activities with China, they target the domestic markets in India." (Sinha, 2007) the following chart shows that China is 'above average' in goods while India is 'above average' in services.
Source: India and China's Developmental Paths (2008)
The differentiations of multinational behavior likely include "the relatively high trade barriers in India (which encourages market seeking FDI) and rigidities in India's labor market (which discourages export…...
mlaBibliography
Wong, Lung-Fai (1987) Agricultural Productivity in China and India: A Comparative Analysis Presented at the Symposium on Feeding the People of China and India, American Association for the Advancement of Science Annual Meeting, Chicago, Illinois, February 15, 1987. Online available at http://ageconsearch.umn.edu/bitstream/7510/1/edc87-03.pdf
Das, Dilip K. (2006) the Chinese and Indian Economies: Comparing the Comparables Journal of Chinese Economic and Business Studies, Volume 4, Issue 1 February 2006, pages 77-89 Routledge Taylor & Francis Group Abstract Online available at http://www.informaworld.com/smpp/content~db=all~content=a743880372?back=%2e%2frelated%7edb%3dall%7econtent%3da713684741%7efirst%3d1%7evaa%3d0%3fbookmark%3d1&words=&hash=
Emerging Markets outlook for 2007 - India, China, Russia, Eastern Europe and Brazil (2007) the Market Oracle. Online available at http://www.marketoracle.co.uk/Article185.html
Balasubramanyam, V.N., and Wei, Yingqi (2005) Textiles and clothing exports from India and china: a comparative analysis Taylor and Francis Journals in its journal
International Financial Markets and Institutions:
Throughout the globe, today's landscape of international financial market and institutions has continued to experience several changes that require practitioners to examine new models. The need for practitioners to examine new models that are relevant to the state of these markets and institutions has also been necessitated by the recent events that contribute to financial crises, which have been very dramatic. Actually, the recent financial crisis has had significant impacts on the financial institutions and markets resulting in the need for changes. International financial markets and institutions have become an important aspect of economies because they affect daily life. This is primarily because they involve the huge flow of different types of funds in the entire economy that in turn impact the profits of businesses, production of goods and services, and economic well-being of countries. In some cases, the events in these institutions and markets become…...
mlaReferences:
Accounting Education (2010), International Capital Market, Accounting Education, viewed 7
June 2012,
Australian Securities Exchange (n.d.), Absolute Return Funds, Australian Securities Exchange,
viewed 7 June 2012,
Comprehensive Target Market Analysis and Segmentation Strategies
Examining Target Markets: A Holistic Approach to Customer Focused Strategies
The Art of Target Market Identification: Unlocking Market Potential and Growth
Target Market Optimization: A Comprehensive Guide to Tailored Marketing
Defining the Target Audience: Foundations of Effective Marketing Campaigns
Precision Target Marketing: Aligning Strategies with Consumer Needs
Consumer Segmentation and Target Market Definition: A Data-Driven Approach
Uncovering Market Segments: The Key to Personalized Marketing
Building Customer Profiles: A Framework for Target Market Identification
Target Market Strategies for Dynamic Market Landscapes
Target Market Analysis: A Case Study of Successful Market Penetration
The Evolution of Target Markets: Adapting to Changing Consumer Dynamics
Target Market Research: Unveiling Insights....
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4. The Role of Autonomous Vehicles in Shaping the Future of Transportation
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9.....
The fast-paced growth of Air India has played a crucial role in the development and expansion of the aviation industry in India, providing increased accessibility, connectivity, and economic opportunities for both domestic and international travelers.
Air India's presence in the aviation industry has not only connected various parts of India but has also opened doors to international markets. By operating flights to numerous destinations worldwide, Air India has facilitated trade, tourism, and cultural exchange between India and the rest of the world.
Additionally, Air India has served as a flag-bearer for the country, showcasing Indian hospitality, culture, and efficiency on a global....
I. Overview of JP Morgan Chase
II. Key Factors Driving JP Morgan Chases Success
III. Future Outlook for JP Morgan Chase
IV. Social Responsibility and Corporate Citizenship
- JP Morgan Chase is committed to giving back to the communities....
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