Global marketing Basis

Type :

Presentation

Pages :

4 pages

Format :

.doc

Published date :

01/15/2009

Category :

Business & market

Sub category :

Marketing

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Summary :

Introduction to global marketing.
1. The marketing mix, value chain, competitive advantage and focus.
2. Global marketing strategy.
3. Driving and restraining forces.
The global economic environment.
The global trade environment.
1. Preferential trade agreements.
2. Free trade areas.
3. Union such as the European Union.
Social and cultural environments.
1. Attitudes, values and beliefs.
2. Individualism versus collectivism.
The political, legal, and regulatory environments of global marketing.
1. Political environment.
2. Legal environment.
Bibliography.

Abstract

A company that engages in global marketing focuses its resources on global market opportunities and threats. Successful global marketers such as Nestlé, Coca-Cola and Honda use familiar marketing mix elements - the 4 PS - to create global marketing programs. marketing, R&D, manufacturing and other activities comprise a firm's value chain; firms configure these activities to create superior customer value on a global basis. global companies also maintain strategic focus while relentlessly pursuing competitive advantage. The marketing mix, value chain, competitive advantage, and focus are universal in their applicability, irrespective of whether a company does business only in the home country or has a presence in many markets around the world. However, in a global industry, companies that fail to pursue global opportunities risk being pushed aside by stronger global competitors.
A firm's global marketing strategy (GMS) can enhance its worldwide performance. The GMS addresses chiefly 3 basic issues. 1. The nature of the marketing program in terms of the balance between a standardization approach to the marketing mix elements and a localization (adaptation) approach that is responsive to country or regional differences.2. The concentration of marketing activities in a few countries or the dispersal of such activities across many countries. 3. The pursuit of global marketing activities requires cross-border coordination of marketing activities