Ch12

11
Use with INTERNATIONAL MARKETING STRATEGY: Analysis, development and implementation 5 TH edition ISBN 13: 978-1-84480-763-5 Published by Cengage Learning DOOLE AND LOWE ch12/1 IMPLEMENTATION THROUGH ENABLING TECHNOLOGIES Session 12

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Transcript of Ch12

Page 1: Ch12

Use with INTERNATIONAL MARKETING STRATEGY:

Analysis, development and implementation 5TH edition ISBN 13: 978-1-84480-763-5 Published by Cengage Learning DOOLE AND LOWE

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IMPLEMENTATION THROUGH ENABLING TECHNOLOGIES

Session 12

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THE VICIOUS CIRCLE OF TECHNOLOGYAND COMPETITIVE ADVANTAGE

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ROLE OF THE INTERNETFOR E-BUSINESS

• Provide a global marketplace, open to all; with– A method of collecting and exchanging marketing and

business information– An alternate route to market to traditional distribution

channels– A means of building customer relationships– A device for the digital delivery of certain information

services– A networked system for managing the supply chain– A virtual marketplace, trading floor and auction house.

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THE WEB SITECONTRIBUTING TO INTERNATIONAL

MARKETING

• Organisational sites

• Services online

• Information online

• Business transactions online

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International E-Marketing Models

• B2C– Website as virtual shop– E-business Operations

expensive to establish

• B2B– More complex– Data exchange

• Industry specific hubs

• Function specific hubs

• C2C– Online auctions

• C2B– Consumers joining

together to reduce prices paid

Page 6: Ch12

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IMPACT ON INTERNATIONAL MARKETING STRATEGY

• Technology and analysis• Technology and strategy development• Market entry• Technology and strategic implementation and

control;– Product and service management– Pricing– Channel management– Communications

• Control, evaluation and learning

Page 7: Ch12

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CHALLENGES FORINTERNATIONAL MARKETING STRATEGY #1

• Customers from some countries, typically low-context countries, embrace the Internet in different ways to those in high-context cultures.

• Brand values often depend on the different communication methods that people use, both explicit and implicit, such as image, reputation, word of mouth and continual exposure online and offline.

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CHALLENGES FORINTERNATIONAL MARKETING STRATEGY #2

• By being global, e-commerce still favours global players.– Consumers expect high quality of performance

and image but these can be severely tarnished by a low-cost, poorly performing website and slow or inaccurate order fulfilment.

• The effectiveness of websites is influenced by such factors as the ease of navigation, company and products information, shipping details and sensitivity to language and culture.

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CHALLENGES FORINTERNATIONAL MARKETING STRATEGY #3

• The barriers to entry must be significant if the defenders of domestic or limited country niches wish to retain their market share.

• The development of intelligent agents that search for specific pieces of information on markets and potential suppliers means that marketers cannot base their appeal to customers on traditional marketing-mix factors– they must find a new sustainable competitive

advantage.

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CUSTOMER-LED STRATEGY

• Focus not on markets but on quality customers from anywhere in the world

• Focus on one-to-one relationships

• Increase both lifetime and short-term revenue from customers

• Win-win

• Integrated and coordinated approach

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MAIN ISSUES

• Technology– changing way business

done– new solutions to old

problems– Firms will under perform

or fail if they fail to exploit it

• Consumer e-marketing and innovative business models are facilitating new routes to market

• B2B models have the greatest impact on international marketing

• Other technologies and software are an important aspect of the change

• Better communication has made supply chains more effective

• Need to work harder to find and retain customers:– Embracing technology will make

this happen