AHMEDABAD. FRIDAY, 8 th AUGUST,2 0 0 8 IM-11*Application of Mktg.Research in Intnl.Mktg.Decisions INTERNATIONAL MARKETING 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/ Moun Marketing Consultants 1 Variable Cluster(v-cluster)of countries • C1-Aggregate Production & transportation 2. No. of air pax/km. 3. Air cargo tonne/km. 4. Electircity production 5. No. of newspapers 6. No. of cities with > 100,000 population 7. Total Population Moun Marketing Consultants 2 V-clusters/C-2 Personal consumpton 1. Income/capita 2. GNP/capita 2. Cars/capita 4. TV set/capita 5. Energy consumption/capita 6.No.of hospital bed 7. Newspaper circulation ( IENS=Indian English newpapers Scociety publishes circualtion figure) 5. Electricity production/capita 9. Telephone- mobile/capita 6. Radios/capita 11. School going children 15- 19yrs./capita 7. College,university,prof.courses Moun Marketing Consultants 15-64 yr./capita3 V-cluster/C-3 INTNL.TRADE 1. IMPORTS/GDP 2. EXPORTS/GDP 3. Consumer Price Index e.g. WPI (whole-sale price index) RPI(Retail price index ) 6. Rate of Inflation 7. Exchange rate comparisons Moun Marketing Consultants 4 V-cluster/C-4 Health & education 1. Adult Illiteracy % >15 yrs. 2. MALE/Female ratio ( Female foeticide problem) 3. % population in Agriculture 4. Life expectancy 5. Physicians (Dr.)/capita 6. No. of towns < 100,000 popualation 7. Primary School students 5-14 yrs./capita 8. Political stability index Moun Marketing Consultants 5 Key problems of Intl.Marketing/Mktg.Research A. Lack of qualified International personnel 2. Getting qalified people is difficult 3. Difficult to find Local managers for subsidiaries 4. Co. ca’nt fing people willing to move to to different countries 6. Headquarters does’nt have enough manpower to visit global subsidiaries
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B.Lack of strategic thinking & long range planning @subsidiary 1. Subsidiary managers are pre-occupied with operational porblems & unabe to think about Long Range Strategies (LRT) 2. S.managers don’t do good analyses & forecasting for their markets 3. S. lay too much importance in achieving Short term Finanical Performance(STP) & DO NOT devvelope Longterm Marketing Strategies( LTP) 4. S. do not apply mind for changing consumer needs requiring new product development. Moun Marketing Consultants 7 C. Lack of Marketing experience 1. S. Lacks Marketing competance Locally 2. S. don’t give their advertising agencies proper directives for ad. campaigns 3. S.does’nt understand consumrs in market 4. S. does’nt gather reqd. market intelligence 5. S. does’nt define target markets for assigned products Moun Marketing Consultants 8 D. Communications chaos 1. S. does’nt inform HQ @ problems until last minute 2. S. do not get enough advice & direction from HQ re.Country targets & mktg.plans 3. Communication gap betn. HQ & S. 4. S. provide HQ with little feedback 5. HQ changes marketing parameters too often even before results can show-up. Moun Marketing Consultants 9 E. Insufficient utilization of Multi-national mktg.experience 1. The co. is a national co.with Intl.busisness hence too much focus on domestic mktg. 3. S. managers don’t benefit from mktg.experience of HQ & vice-versa 4. Co does’nt take adv. Of product intro. In 1 country for use in other countries 4. Co. lacks central co-ordination in mktg. Efforts in several countries Moun Marketing Consultants 10 F. Excessive financial & mktg. Controls 1. Short term fin.performance Objectives is an obstacle for Long term mktg.strategies 2. S. must increase sales to meet corporate profit objectives althogh they have many marketing constraints imposed by HQ 3. HQ expects more profit each year without investing in new products/more sale staff Moun Marketing Consultants 11 Moun Marketing Consultants 12 -12-