International Marketing
UNDERGRADUATE BUSINESS PROGRAMME
Module Title:International Marketing
The Task
A company is in the stage of
marketing the product to a developing country.
A leading product of the company has been selected. A marketing consultant is considered by the
company to help them select a developing country that may have a need for the
product chosen.
As the marketing consultant,
enlighten the company to prepare an analysis of the product’s potential in the
selected market. Use the following
outline as a guide in their analysis.
1. Introduction
Describe the
general nature, description,
uses, benefits, cost and other characteristics of the
product selected. Include current stage in product life cycle,
and technological considerations. Describe the prospective consumers of the
product. Discuss whether the selected
market will apply standardisation or adaptation.
2.
Market analysis
Research the internal and external
environments of the country that you have selected.Identify and critically
evaluate the major environmentalinfluences to your product as regards to the
country’s political, legal, technological, economics and cultural scenario.
Determine the level of competition to
be encountered for your selected product in the chosen country. You have to assess who you are competing
against with and describe their positional strengths and weaknesses;
domestically and internationally.Analyse your competitors’ angle to the market
in order to find a weakness that your company will be able to use in its own
market positioning.
Identify at
least three (3) modes of entry possible to be used in entering the particular
country selected and their impact to the marketing success of the company. Describe how the product will get from
producer to end user.
Consider any barriers to trade/market
your product and discuss how they are to be addressed. Describe what marketing
strategy adjustments should be made. Identify
and evaluate the degree of possible specific sources of risk the company would
be exposed to in the exportation of the selected productand suggest possible
ways to minimise these risks if not totally eliminating them.
3. Conclusion. It must be in a paragraph form. This part should state what
the researcher found after the analysis was completed and the possible
recommendations/suggestions if there is any. This is the end point of the
discussion. This will disclose the “sorted-revealed fact”.
4. References must be according to Harvard
Referencing Style.
You are required to write a 2500 word
report that covers the preceding requirements.
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