INTERNATIONAL MARKETING MANAGEMENT SESSION 4: ASSESSING MARKET OPPORTUNITIES AND SELECTING COUNTRIES...
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Transcript of INTERNATIONAL MARKETING MANAGEMENT SESSION 4: ASSESSING MARKET OPPORTUNITIES AND SELECTING COUNTRIES...
INTERNATIONAL MARKETING MANAGEMENT
SESSION 4:
ASSESSING MARKET OPPORTUNITIES AND
SELECTING COUNTRIES
1
2
Firm’s Strategic Orientation
Competitive posture
Resources
Market Characteristics
Country Risk/Opportunities
Product Market Potential
Degree of market integration/location
Choice of Markets
Incremental vs. Simultaneous
Concentration vs. Diversification
Proactive vs. Follower
Competitor Market Choice Decision
Competitor Strategy
Country N
Country 5
Country 4
Country 3
Country 2
Country 1
Industry Structure
3
EVALUATING OPPORTUNITIES
Country-Level Risk and Opportunities
Product Market Opportunities
Degree of Country Market Integration
4
EVALUATING COUNTRIES
Country Environment
Political and Financial Risk
Economic Growth
Technological Change
COUNTRY/
BUSINESS
ENVIRONMENT
5
COUNTRY ENVIRONMENTAL FACTORS (Illustrative Examples)
Political/Legal Factors
Internal political stability State ownership & regulation Host government attitudes to foreign investment Import-export restrictions (tariffs/quotas, etc.) Restrictions on foreign ownership
Economic/Financial Factors
GNP per capita, GNP size Growth of GNP Rate of inflation Capital flow restrictions Foreign exchange fluctuations External debt
6
COUNTRY ENVIRONMENTAL FACTORS (Illustrative Examples)
Socio-Cultural Factors
Ethnic diversity Religion Age structure and composition Rate of population growth
Technological Factors
Education levels, literacy Production and consumption technology Scientific/technological skills
9
EVALUATING COUNTRIES
Product Market Data
Product Sales/Ownership
Use of Complimentary or Substitute Products
CompetitionPRODUCT
MARKETMarket Infrastructure
Transportation Infrastructure
Distribution Network
Mass Media, TV, Radio, Print
PRODUCT SPECIFIC INDICATORS (Illustrative Examples)
Product Usage Sales Volume Ownership Growth Rate
Usage of Complimentary/Substitute Products Sales/Ownership of Complimentary Products Sales of Substitute Products
Competition Number of Firms/Size Market Share Growth Rate of Competing Firms
10