MKTG 111 INTERNATIONAL MKTG. FINALS Flashcards
Refers to marketing carried out by companies overseas or across national borderlines.
International Marketing or Global Marketing
It refers to immediate factors that directly impacts the company ability to serve its customers and markets its products and services.
Micro-Context of International Marketing
Organizational and Consumer Behavior
*Organizational Buying Behavior
*International Negotiations
*Consumer Behavior
*Country of Origin
Global Strategy
*Competitive Strategy
*Strategic Alliances
*Global Sourcing
*Multinational Performance
Strategic Alliances
*Learning and Trust
*Recipes for all alliances success
*Performance of different types of alliance
Global Sourcing
*Global sourcing in a service context
*Benefits of global sourcing
*Country of origin issues in global sourcing
Multinational Performance
*Determinants of Performance
*A different interpretation of performance
it is focused in narrower segment. You targeting a specific market segment and you are the lowest cost cost producer.
Cost-Focused Strategy
Strong pricing power on a bigger market and having market share. it means you are the lowest cost.
Cost Leadership Strategy
it offers unique products and services to specific market segment.
Differentiation Focused strategy
High Prices but has a very superior features. It is broad
Differentiation Strategy.
The goal is to create a new market space. By offering a product or services that combined the elements of cost leadership and differentiation.
Blue Ocean Strategy
It is very crowded because the competition is high.
Red Ocean
It is formal agreements between 2 or more companies.
Strategic Alliances
It is 2 or more companies create a separate legal entity to carry out a specific projects or activity.
Joint Venture