Reference no: EM132250656
Introduction
"Taking the marketing function global is no easy task. It requires managers to think globally and strategically about global markets and comparative marketing environments." (Alon & Jaffe, Global Marketing, McGraw-Hill ).
You are a consultant with a firm of strategic marketing analysts and have been retained by a client to advise on international expansion. They have decided to target two foreign markets and have asked you to prepare a report on which country they should choose. You have been asked to create a report with recommendations with possible strategies of how your expansion strategy could be carried out effectively. Specifically you are required to:
Your Task
1. Provide a case background including company size, competition and target market
2. Include information on your (2) chosen target countries with justification. (Analyse the macro-environments (PESTEL) & competitors, customers and market (5 Forces)
3. Set your SMART global marketing objectives (3-5) for going international
4. Decide upon and justify your global market entry strategy (export, franchise, joint venture, etc). What are the implications (risks and opportunities) if your company would decide upon a different strategy?
5. Global marketing strategies and tactics for this organisation. (Segmentation, Targeting, Positioning and Product, Price, Place, Promotion strategies). What are the implications of your choice (Cost, resources, timing, opportunities)?