Beruflich Dokumente
Kultur Dokumente
Sixth Edition
International Student Version
Chapter 8
Marketing Strategies
• Global Industry:
– Those industries where a firm’s competitive position in
one country is affected by its position in other countries.
– The first question that faces managers is the extent of
globalization of their industry.
– Every industry has global or potentially global aspects.
Market Forces
1. Per capita income convergence
2. Rich consumers in emerging markets
3. Revolution in communication technology
4. Organizations behaving as global customers
5. Growth of global and regional channels
6. Establishment of world brands
7. Spread of global and regional media
– Cost Forces
1. Global economies of scale and scope
2. Steep experience curve
3. Global sourcing efficiencies
4. Favorable logistics
5. Difference in country costs
6. High product development costs
7. Fast-changing technology
8. Shorter product life cycles
– Government Forces
1. Favorable trade policies
2. Compatible technical standards
3. World Trading Regulations
4. High growth/low labor cost developing countries
5. Deregulation/privatization of industries
– Competitive Forces
1. High exports and imports
2. Competitors from different continents and
countries
3. Interdependent countries
4. Globalized competitors
• Competitive Structure
– Cost leadership
– Product differentiation
– Niche strategy
– Nature of Competitive Industry Structure (Exhibit 8-2):
»Industry competitors
»Potential entrants
»Bargaining power of suppliers
»Bargaining power of buyers
»Threats of substitute products or services
• Interdependency:
– Interdependency of modern companies
– Example: Global computer industry
– Governments also play a larger role, affecting parts of the
firm’s strategy.
• R&D/Operations Interface
• Operations/Marketing Interface
– Core Components Standardization
– Product Design Families
– Universal Products with all Features
– Universal Product with Different Positioning
• Marketing/R&D Interface