Whether international or local marketing is identical to its
foundations. definition 1 “International marketing is the performance of business activities designed to plan, price, promote, and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit. The only difference between the definitions of domestic marketing and international marketing is that in the latter case, marketing activities take place in more than one country. Marketing concepts, processes, and principles are universally applicable. Definition 2 "It is in fact an economic and social mechanism by which individuals and groups meet their needs and desires through creating and exchanging products of value for others" In general, the potential of a local market is not sufficient to absorb the production rates of modern factories . It is therefore, necessary to find opportunities beyond the natural boundaries . The size of the market for a company is no longer limited to the local market. They consist of several countries where features are common . We'll talk about the area markets. 1-2 The usefulness of international marketing?
Companies rediscover marketing when competitive
pressure diminishes the positive balance of power . These favorable conditions are often a reflection of a more or less protected domestic market. The emergence of a new international competition force companies to rethink their strategy. In this context, they need to adapt to marketing skills, both on the domestic market and outside their borders. 1-3 The interdependence of marketing with other business functions : The national marketing such as international marketing does not work independently. The one and the other is related to other business functions . Business functions induced system performance at different levels: - The control of the supply - Cost optimization of purchases permitted by the marketing - R&D department - An efficient production and specialized factories - A social peace inside the company - A constant commercial presence in foreign markets - A coherent international strategy The combination of these performances creates a system of interdependence 2 - Definition and basic concepts 2-1 definition "International marketing is a process that aims to optimize resources and focus the goals of an organization through the opportunities of a global market "
or in a more limited way " is running at least one of the
tasks of marketing, beyond national borders" Since the 90s , the marketing strategy is oriented around the following alternatives: 1 - How appropriate is it to adopt the opposite attitude to local market and adjust each case (export market) to different products and marketing policies? 2 - Can we sell products that were engineered to be standardized across the world? 3 - Can we finally stop and search a midline standardization of manufacturing but by adopting locally? These alternatives emerge three basic concepts
- The export marketing ,
- International Marketing Management - The appropriate standardization (think global- act local) . 2-2 The Export Marketing The company engaged the " Export Marketing " committed to each foreign market and own marketing policy different to them . The shares are differentiated for all elements of the marketing mix . Adaptation is consistent on each export market. 2-3 International Marketing Management The company may instead wish to opt for a concept of international marketing management, in standardization of its marketing policies across all export markets. The company then applies a standardized global strategy. 2-4 The appropriate standardization The "appropriate standardization" is a middle position between the systematic adaptation and adaptation to standardization . It can meet the demands of local consumers while allowing to establish the commercial and financial profitability . 3 - The characteristics of international marketing
3-1 Marketing & International Marketing
International marketing differs from domestic marketing (national) by the fact that it interprets more numerous and complex variables. These variables are mainly constituted by the sociocultural characteristics of the country. These socio-cultural differences affect both the final market intermediaries. International marketing will lead the company: - To be managed by people in the state of mind more eclectic, - Choose tools and techniques appropriate to the specific and differentiated international markets, 3-1-1 A particular mindset : - Tolerance and acceptance of socio- cultural differences, - A good ability to understand the sociological changes , - Curiosity about foreign market - Innovation - Use tools for observation and analysis of foreign markets 3-1-2 The use of differentiated tools International marketing tools must take into account : - Local economic culture - The moral and religious values - The level of economic development , - The sociological differences in the country applications of international marketing
4-1 The objectives of international marketing
- Allow the company to maintain its position in foreign markets and international segments it occupies taking into account the slope of the annual market. This objective is determined in terms of market share. - Allow progress on the various foreign markets where it operates. - Identify new markets, microsegments on current markets or new foreign markets in which it has a competitive advantage . - Identify and validate new product concepts likely to find broad opportunities in the global market. 4-2 The functions of international marketing - Identify potential markets with the facilities approach and penetration costs are related to the size and expertise of the company export ( export diagnosis ) - Identify microsegments related to the company's business - Understand the psychology related to the purchase and consumption - Analyze the competitive position of competitors - Identify potential niches compared to the specificities of business - Stop a policy of penetration ( solo / partnership , commercial and / or industrial ) - Determine the product policy and the policy range - Setting business goals quantity value (CA and margin) by market, by segment and by line . - Implement measures to support business networks - Programming tactical actions with direct competitors. 4-3 Specific applications 4-3-1 International marketing purchases It is important to include purchases in a marketing approach. Finding the best conditions ( quality, logistics , price, product variety ) imposes a competition , a systematic selection of international suppliers. This is called the international marketing purchases also called marketing upstream relative to the market-oriented sales & marketing, downstream. 4-3-2 Marketing major international projects Some large global companies are trying to implement actions designed to restore or bright side their image among politicians and public opinion. These actions fall under the "mega marketing." They are intended to communicate the humanity of these companies both at individual and collective level . Exp: - Sponsorship of a national or international event in the country - Implementation of a local humanitarian action ( import vaccine for children Outbreak ) - Total or partial funding of a cultural or social project (museum, school , stadium ..) - Financing of infrastructure ( bridges, dams , airport ... )