Analyzing International Opportunities 12 Copyright © 2012 Pearson Education, Inc. publishing as...

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Analyzing International Opportunities 12 Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall

Transcript of Analyzing International Opportunities 12 Copyright © 2012 Pearson Education, Inc. publishing as...

AnalyzingInternational Opportunities

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Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall

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StarbucksStarbucks

• Global success• Renewed focus:

• Coffee• Fair-trade image• Market research

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Screening Markets and SitesScreening Markets and Sites

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Identify Basic AppealIdentify Basic Appeal

Basic demand&

Available resources

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Cultural ForcesCultural Forces

Site selection Education level Technical skills Work ethic

Site selection Education level Technical skills Work ethic

Market selection

Global product Tailored product

Market selection

Global product Tailored product

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Political and Legal ForcesPolitical and Legal Forces

Government bureaucracy Administrative delays

Political stability Unforeseen changesPolitical stability Unforeseen changes

Government regulation Investment barriers Profit repatriation

Government regulation Investment barriers Profit repatriation

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Political RiskPolitical Risk

Social unrest can drive out international companies

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Economic ForcesEconomic Forces

Country finances

Currency and liquidity

Country finances

Currency and liquidity

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Other ForcesOther Forces

Logistics Logistics

Country image Country image

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e-Business Forcese-Business Forces

Market access Infrastructure Content and standards

Market access Infrastructure Content and standards

Legal issues Privacy and security Intellectual property

Legal issues Privacy and security Intellectual property

Financial matters Electronic payments Tariffs and taxation

Financial matters Electronic payments Tariffs and taxation

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Industrialized Markets Industrialized Markets

PotentialPotential

Demographics Competitor market shares Import/Export volumes Distribution network Marketing approaches Retail sales levels Income elasticity

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Emerging Markets PotentialEmerging Markets Potential

Market size Market growth rate Market intensity Market consumption capacity Commercial infrastructure Economic freedom Market receptivity Country risk

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Measuring Site PotentialMeasuring Site Potential

Labor and management Productivity Wage levels Training needs Local infrastructure

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Field trips Engage in negotiations Meet customers/others Gain firsthand exposure

Competitor analysis Competitor numbers/shares Competitor strategies Channel access Customer loyalty Access to inputs

Select the Market or SiteSelect the Market or Site

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International Market ResearchInternational Market Research

Marketing strategyField research

Data analysis

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Market Research DifficultiesMarket Research Difficulties

CulturalCulturaldifferencesdifferences

AvailabilityAvailabilityof dataof data

ComparabilityComparabilityof dataof data

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Secondary Data SourcesSecondary Data Sources

International organizations

Government agencies

Industry/Trade associations

Service organizations

Internet and World Wide Web

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Methods of Primary ResearchMethods of Primary ResearchMethods of Primary ResearchMethods of Primary Research

Trade shows and missionsTrade shows and missions

Interviews and focus groupsInterviews and focus groups

Consumer panelsConsumer panels

Environmental scanningEnvironmental scanning

SurveysSurveys