international marketing strategy
TRANSCRIPT
“Marketing managers have to base decisions on a solid foundation of knowledge and focus strategic thinking on the needs of the marketplace, rather than the product.”
(International Marketing Strategy, Doole & Lowe, 2008)
The research process
Defining the problem
Developing the approach
Designing the research
Gathering the data
Analyzing the data
Preparing the report &
presentation
Which countries do we want to enter with our product?
Defining the Problem
“A problem well defined is a problem half solved”
What Information is needed? What are our core objectives?
Defining the Problem
Scanning international markets
•To assess tariffs, government regulations & import regulations
Accessibility
•Factors that could render the market unprofitability
•Availability of currency, exchange regulations & substitutes
Profitability
•Assessment of the potential market size to evaluate if future investments are reasonable
Market size
Market Segmentation• Geographical criteria
Country attractiveness
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Defining the Problem
Who is in our target markets?
LangneseMagnumCornetto Solero
Ben & Jerry’s
Häagen DazsMövenpick
Nestlé Schöller
Defining the Problem
We want to enter the first market in 2011.
We want to have a market share of 20 % after
3 years in the desired countries.We want to be known by 70% of our
target group.
Developing the approach
Should we take a qualitative or quantitative approach?What is our timescale? Do we have available resources?
Designing the research
What is our plan of action?Which methods and procedures should we use?
We first of all analyze secondary data to find our target markets, than
conduct surveys (online & offline).
Gathering the data
How will the questionnaire be administrated? Who will do the work?Which resources are required?
Online questionnaire (50%), personal interviews (25%), focus groups (25%),
Local research agencies will do the work.
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Country attractiveness
Analyzing the data
Mining the information content from the raw data. Involves determining consistent patterns and summarizing the relevant details.
Report and presentation
Most important job is to communicate the research results.It includes interpreting the research results, describing the implications and drawing the appropriate conclusions.
There is a strong need for a premium segment ice cream which combines
excellent taste with a modern image.
social dimension:
Destination ice is a modern, cool and rebellious brand that shows, that I am different form others. Destinantion ice builds a community
functional dimension:
High quality ice cream with new unconventional flavours
mental dimension:
„U go for I“Destination ice makes friendship with others easier, hence consumers are a community
spiritual dimension:
Get People together to live in a global village and therefore create a world that is more likely to be peaceful
What is branding?Creating an emotional bond between customer and a product ,through:
Brands create trust The consumer paradox – create a USP The brand is part of the equity/ product value Fluctuation of products Influence on stakeholders
Why does destination ice need branding?
longterm view: slow growthshort term view: high awareness
Optimal usage of the advantages of both possibilities
How to intodruce OUR brand
Subbrand 1 (Destinantion
Africa)
Subbrand 2 (Destination Asia)
Subbrand 4 (Christmas)
Subbrand 3 (Destination Latin
America)
Masterbrand (Destination ice)
Brand architeture
What is the idendity of our brand?
Background: milestones of the brandcreation by young urbans for young urbans, cultural exchange
values: what does the brand stay for?A global community and social networking
Purpose/ ambition: link from a company's mission and vision to the brand
create a symbol for a new young, rebellious generation
visual identity: outward manifestationunique design for instant recognition
How do we control our brand?
Get it in the head of our customers Positioning
Get to know the head of our customers constant market research
Get consumers to think coherent brand communication
Branding as well as brand communication and market research is a dynamical and constant process!
External MarketingExternal stakeholders
Build relationship
Communicate the product
Convey the Corporate Idendity
Destination clubConsistency in CI and branding
Internal Marketing
Cross-departmential strategy awareness
Achieve firm‘s missions and objectives
Include external firms in communication process
Supply chain Management
Marketing Communications
Integrated Communication Brand Identity is common
Personal Selling
Sales Promotion PR
Marketing Communications
Integrated Communication Brand Identity is common
Personal Selling
Sales Promotion PR
Advertising
Sponsorship Merchandising
Product Placement
Marketing Communications
Integrated Communication Brand Identity is common
Personal Selling
Sales Promotion PR
Direct Marketing
Event Marketing Advertising
Merchandising
Product Placement
Event Marketing
Awareness Consideration
Purchase
+ Trade shows- Email / Newsletter
+ Forum / Blogs+ Magazines- Direct Mail
+ Industry conference
Events
• optimize brand expirience• IMC (Integrated Marketing
Communications)• People access different channels (one-way
broadcasting became outmoded)• Events require support from other
marketing channels
Marketing Communications
Integrated Communication Brand Identity is common
Personal Selling
Sales Promotion PR
Direct Marketing
Event Marketing Advertising
Sponsorship Merchandising
Product Placement
Marketing Communications
Integrated Communication Brand Identity is common
Personal Selling
Sales Promotion PR
Direct Marketing
Event Marketing Advertising
Sponsorship
Product Placement
Merchandising
Financial External perspective
Specialist knowledge Creative input
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Guerrilla
Presence marketing—marketing for being thereGuerrilla marketing online -- Guerrilla marketing on the Internet
Buzz marketing -- word of mouth marketing
Viral marketing -- through social networks
Reverse Graffiti -- clean pavement adverts
Undercover marketing -- subtle product placement
Wild Posting Campaigns
Bibliography• Aaker, D. A.; Joachimsthaler, E. (2000) Brand Leadership. New York: The Free Press • Bradley, F. (2003); Strategic Marketing. West Sussex: John Wiley& Sons Ltd. • Docters, M. G.; Dürr, M. (2005); Pricing and Branding. Frankfurt a. Main: Campus Verlag • Doole, Lowe (2008); International Marketing Research.
• Florack, A.; Scarlis, M.; Prissosch, F. (2007); Psychologie der Markenführung. München: Franz Vahlen • Gad. T. (2005); 4 D-Branding. Heidelberg: mi-Fachverlag • van Gelder, S. (2005); Global Brand Strategy. London/ Sterling: Kogan Page • Ghauri, P.; Cateora, P.(2005); International Marketing; New York: McGrawHill Education • Haedrich, G., Tonczak, T.; Kaetzke, P. (1997). Strategische Markenführung. Bern: Hamptverlag • Hollensen, S. (2007); Global Marketing. Essex: Pearsson Education Limited • Ries, A.; Ries L. (2005); Die Entstehung der Marken. Frankfurt: Redline Wirtschaft
• Zikmund, W. G.; Babin, B. J. (2003); Exploring Marketing Research: Thomson South-Western