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Transcript of OHT 23.1 © Pearson Education Limited 2003 Brassington and Pettitt: Principles of Marketing, 3rd...
![Page 1: OHT 23.1 © Pearson Education Limited 2003 Brassington and Pettitt: Principles of Marketing, 3rd Edition International marketing.](https://reader034.fdocuments.net/reader034/viewer/2022042607/5519c117550346047c8b4664/html5/thumbnails/1.jpg)
OHT 23.1
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
International marketing
![Page 2: OHT 23.1 © Pearson Education Limited 2003 Brassington and Pettitt: Principles of Marketing, 3rd Edition International marketing.](https://reader034.fdocuments.net/reader034/viewer/2022042607/5519c117550346047c8b4664/html5/thumbnails/2.jpg)
OHT 23.2
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
International marketing approaches
(Lynch 1994)
• Local scale.
• National scale.
• Regional scale.
• European scale.
• World scale.
![Page 3: OHT 23.1 © Pearson Education Limited 2003 Brassington and Pettitt: Principles of Marketing, 3rd Edition International marketing.](https://reader034.fdocuments.net/reader034/viewer/2022042607/5519c117550346047c8b4664/html5/thumbnails/3.jpg)
OHT 23.3
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Reasons for internationalisation
Figure 23.1
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OHT 23.4
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Differences which require particular attention
• Cultural differences.
• Language.
• Social structures and customs.
• Values and attitudes.
• Technological factors.
• Economic and competitive factors.
• Political and legal factors.
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OHT 23.5
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Culture, conventions and etiquette
Figure 23.2Source: Adapted from Mead (1990) Copyright 1990 © John Wiley & Sons Limited. Reproduced with permission.
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OHT 23.6
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Selecting international markets
Figure 23.3
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OHT 23.7
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Factors influencing marketentry method
Figure 23.4
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OHT 23.8
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Market entry methods
Figure 23.5
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OHT 23.9
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Investment
Figure 23.6Source: Adapted from International Marketing, 3rd edition, Financial Times Pitman Publishing (Pearson Education), Walsh (1993).
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OHT 23.10
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Successful joint venture partnerships
Figure 23.7
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OHT 23.11
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
International marketing strategy
• Define and select target groups.
• Position the product(s).
• Select marketing mix to suit foreign market.
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OHT 23.12
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Standardisation or adaption
Figure 23.8
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OHT 23.13
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Adaption pressures
• Customer needs.
• Practical considerations.
• Packaging and communication.
• Marketing communications.
• Distribution channels.
• Product positioning.
• Mode of entry.
• Regulations.
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OHT 23.14
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
Standardisation pressures
• Identified international segment.
• Economies of scale.
• Mobile customers.
• Degree of adaption or standardisation.
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OHT 23.15
© Pearson Education Limited 2003Brassington and Pettitt: Principles of Marketing, 3rd Edition
International marketing mixes
• Product - can a product be sold across a range of international markets or does it need to be adapted for local needs?
• Price - what will the market bear? What cost structures are affected by export?
• Place - how do foreign markets distribute? Tailoring delivery sizes and frequency to suit foreign channels.
• Promotion - to suit local foreign environments.