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The document discusses various topics related to global market research and foreign market entry strategies. It defines global market research and emphasizes the importance of pre-research analysis and planning before data collection. It also outlines different sources for secondary marketing information, both private sources like libraries and public sources like the OECD and IMF. Finally, it describes several foreign market entry strategies companies can use, such as exporting, licensing, joint ventures, acquisitions, and setting up operations in foreign trade zones.
The document discusses various topics related to global market research and foreign market entry strategies. It defines global market research and emphasizes the importance of pre-research analysis and planning before data collection. It also outlines different sources for secondary marketing information, both private sources like libraries and public sources like the OECD and IMF. Finally, it describes several foreign market entry strategies companies can use, such as exporting, licensing, joint ventures, acquisitions, and setting up operations in foreign trade zones.
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The document discusses various topics related to global market research and foreign market entry strategies. It defines global market research and emphasizes the importance of pre-research analysis and planning before data collection. It also outlines different sources for secondary marketing information, both private sources like libraries and public sources like the OECD and IMF. Finally, it describes several foreign market entry strategies companies can use, such as exporting, licensing, joint ventures, acquisitions, and setting up operations in foreign trade zones.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PPT, PDF, TXT herunterladen oder online auf Scribd lesen
AHMEDABAD. SATURDAY, 27 th SEPTEMBER,2 0 0 8 IM-4 * Global Mkt.Research/Emerging Markets/Multi-natinal Market Regions & groups Dr. PRADIP DESAI B.E. ,M.B.A. (I.I.F.T.), LL.B., Ph.D.(Management-U.S.A.),CMC CERTIFIED MANAGEMENT CONSULTANT ( C.M.C.) CHAIRMAN & C.E.O. MOUN MARKETING CONSULTANTS { EXPORTS -MARKETING-IMPORTS -PROJECT-MGMT. CONSULTANTS} 804, ‘SHILP’ COMPLEX , TEL :0 7 9 -6 6 3 1 0 7 4 0 / 3 0 0 7 1 0 3 0 OPP.STATE BANK OF INDIA , MOBILE : 9 8 2 5 0 -1 1 2 0 0 NAVARANGPURA, C.G.ROAD, TELEFAX : 91- 7 9 - 2 6 4 6 7 1 7 1 AHMEDABAD -38 00 09 RES. : 66 3 1 0 730 /2646 3218 E-MAIL: info @ mouncorp. co.in * WEBSITE: www. mouncorp. co.in/mounconsult.com/ Global Market Research- DEFINITION * American Marketing Association def.: Systematic gathering,recording & analyzing of DATA about problems relating to the marketing of goods & services. * Limitation : Fails to include Pre-research Analysis(Desk Research)which is an imp.aspect of Research Process * Before Data collection careful Planning required: 5. Kind of info. Needed & 2. Purpose of such info. without this critical Planning critical info. May not be obtained or info.& Resarch Turns out to be Irrelevant or unsuitable e.g. Amrutanjan balm in L.America- yellow perceived as garbage system colour. Marketing Information Resources • Identify the marketing problem & do Pre-research. • Primary Data : Information that is collected 1 st hand generated by original research, tailor-made to answer specific questions & problems for current research questions. • Advantage: info. is specific,relevant & up-to-date • Dis-advantage:High cost & time involved • Secondary data: Information that has already been collected for other purposes & readily available. • Advantage : Secondary data should be used 1 st before starting Primary research.Cost is very less since ready • Dis-advantage:Info. May not be relevant & Multi- nationally not comparable. Secondary Research • Private Sources : • 1. Public Library: Ind.-Commercial directories/Country Profiles • 2. Chamber of Commerce directories/export-trade promotion organisations of each countries • 3. Foreign Embassies in India/Indian Embassies abroad • 4.Worls Trade Centre’s Association(WTCA) Has more than 300 world trade centres in some 90 countries • 5. Dun & Bradstreet Directories • 6. Encyclopedia of Business Information Sources Public Sources • OECD : Organisation for EconomiC Co-operation & Development ( members are Industrialized Market economy countries ) : • w.europe/n.america/australia-new-zealand/japan • International Monetary Fund ( IMF)/World Bank • International Trade div. Of U.S.Dept. of comm. • DGFT (Director General of ForeignTrade)N.Delhi • Export Promotion Councils (EPCs) • Economic co-operation Trade Block-E.U./ASEAN Methods of data collection • 1.Observation : No questionnaire but observing consumer behaviour without influence of an Interviewer • E.g. Toyota research team in USA attnded a cock- tail party where car owners prefered Distinctive Design of the Front Grille so that car looks exclusive from the front view 2. Questionnaire: Leading questions/Suggestive Q./ Counter- check Q./Tick-mark/Scale of 1-10 a) Personal interviews b)Tele-questionnaire c)Net-surveys d) Pier-group opinion polls Foreign Entry Strategies • 1. Exporting : without any production base products are exported to target markets Dis-adv.:when home currency is strong product become expensive to buyersAbroad • Ocean freight increase with rise in Oil price • Higher labour costs in home country makes products more expensive abroad Foreign Entry strategy …cont: • 2. Licencing : When market is large abroad but co. is not willing to Invest in F.country then Licencing of Production of goods abroad is used • It is an agreement to use industri.intellectual property e.g. patents,trademarks,copy rights,Blue Prints, technical knowhow & skills,engg.design etc • 3. Jt.Venture : is a partnership between 2 corporates in domestic or Intl.markets for production of goods or services. • 4. Management contract:Hotel or Airlines is owned by one & operations are carreid out by Other expert co. • 5. Turnkey Operations : Till start-up complete resposibility for installation of Mfg.Factory is of Sellers Foreign Entry strategy ..cont. • 6. ACQUISITION: When a mfr.wants to enter a foreign market rapidly then acquisition of existing co. ABROAD. • E.g. TATA acquired JAGUAR-Land Rover-U.K. • VODAFON acquired Hutch-Essar in INDIA 7. Strategic Alliance (SA): Unlike in jt.venture here 2 partners are not needed but 2 get bebefit of expertise in different field SA is resorted to.e.g. BIG-BAZAR-ICICI credit card 8. FTZ/SEZ: Most preferred due to no taxes & duties & quicker clearances by Govt.abroad -11-