International Marketing: Introduction
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International trade is a key component of international business. In this type of doing business companies carry out the manufacturing of their product in different countries and this system is also termed as “production sharing”. For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
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International Marketing: Introduction
- 1. Chapter 1 International Marketing : An Introduction International Marketing chapter-1 International Marketing: An Introduction
- 2. Learning Objectives What are the trends in international trade Why there is an increase in global sourcing and production sharing Reasons behind the growth of economic power of developing countries What is international marketing What are the levels of involvement in international orientations What is the scope of marketing Indian products abroad What are the driving and restraining forces of globalization What are the categories of participants in international market What is the future of international marketing International Marketing chapter-1 International Marketing: An Introduction
- 3. Introduction Marketing environment is becoming increasing international even for domestic firms National markets are being international by imports and foreign investment The world economic integration is encourage by growing trend of production For many companies, for large ones headquartered in small countries , international market is the mainstay International Marketing chapter-1 International Marketing: An Introduction
- 4. Trends in International Trend 1970 there was a tremendous expansion of the world trade propelled by the progressive trade liberalization Much of the trade takes place between the developed countries. Bulk of the exports of the developing countries is absorbed by the developed countries International Marketing chapter-1 International Marketing: An Introduction
- 5. Table 1.3 Composition of World Exports International Marketing chapter-1 International Marketing: An Introduction
- 6. Global Sourcing and Production Sharing The trend of global sourcing and production sharing has been growing Out-sourcing has been more conspicuous with the Japanese industries than others International sourcing accounts for an estimated one-third of the world trade International Marketing chapter-1 International Marketing: An Introduction
- 7. The Growing Economic Power of Developing Countries Developing countries account for only about one-fifth of the world income and less than a quarter of the world trade Their global economic share will increase and they will play an increasingly important business The developing countries’ share of the world output is estimated to increase from 21 per cent in 1994 to 27 % in 2010 International Marketing chapter-1 International Marketing: An Introduction
- 8. International Marketing “the marketing of goods and services across national frontiers, and The marketing operations of an organization that sells and or produces within a given country when: International Marketing chapter-1 International Marketing: An Introduction
- 9. International Marketing That organization is part of or associated with, an enterprise which also operates in other countries, and There is some degree of influence or control of the organization's marketing activities from outside the country in which it sells and or produces International Marketing chapter-1 International Marketing: An Introduction
- 10. Special Problems in IM 1. Political and legal differences 2. Cultural differences 3. Economic differences 4. Differences in currency unit 5. Differences in the language International Marketing chapter-1 International Marketing: An Introduction
- 11. Special Problems in IM 6. Differences in the marketing infrastructure 7. Trade restrictions 8. High costs of distance 9. Differences in trade practices International Marketing chapter-1 International Marketing: An Introduction
- 12. Motives of IM Profit Growth opportunities Domestic marketing constraints Competition Government policies Monopoly power Spin-off benefits Strategic vision International Marketing chapter-1 International Marketing: An Introduction
- 13. International Orientations 1. Ethnocentrism 2. Polycentrism 3. Egocentrism 4. Geocentrism International Marketing chapter-1 International Marketing: An Introduction
- 14. Internationalization Stages Domestic company International company Multinational company Global/transnational company International Marketing chapter-1 International Marketing: An Introduction
- 15. Stages in the Evolution of Companies Fig. 1.2 International Marketing chapter-1 International Marketing: An Introduction
- 16. International Marketing Decisions International business decision Market selection decision Entry and operating decisions Marketing decision International organisation decision International Marketing chapter-1 International Marketing: An Introduction
- 17. Scope of Marketing Indian Production Abroad Enormous Indian firms with products of acceptable quality may explore the foreign markets Developing countries are having advantages in products like textiles, leather, jems and jewellery, seafood International Marketing chapter-1 International Marketing: An Introduction
- 18. Driving forces Liberalization MNCs Technology Transportation and communication revolutions Rising aspirations and wants Competition International Marketing chapter-1 International Marketing: An Introduction
- 19. Restraining Forces Government policies and control Social and political opposition Management myopia Organizational culture International Marketing chapter-1 International Marketing: An Introduction
- 20. Participants in International Marketing Private firms MNCs SMEs Public sector undertakings Trading companies Individuals International Marketing chapter-1 International Marketing: An Introduction
- 21. Future of IM Globalization of supply chain and operations management International investment Information surge World growth International Marketing chapter-1 International Marketing: An Introduction
- 22. Future of IM Domination of the world economy Trade-cycle decision rule Pervasiveness of free markets Accelerating growth of global markets The rise of internet and information technology International Marketing chapter-1 International Marketing: An Introduction
- 23. Summary International trade is very important aspect of international business The practice of carrying out different stages of manufacturing of a product in several countries is called production sharing There are four types of orientations towards internationalization International Marketing chapter-1 International Marketing: An Introduction