International Marketing 118. 330 Slides


International Product Analysis



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Presentation Self Study -4

International Product Analysis


Support Service
Components
Repair &
Maintenance
Installation
Instructions
Other Related
Services
Deliveries
Warranty
Spare Parts
Packaging
Component
Trademark
Brand Name
Price
Quality
Packaging
Styling
Country-of-Origin
Core
Component
Physical
Product

International Product Analysis

  • Degree of Standardization
    • What is the aspect of the product to be made adaptable?
    • What aspect of the product can be standardized?
    • Which aspects of the product are critical for competitive advantage?
    • Begs the question of identification and ranking of attributes and
    • consumer preferences. How should it be done? Who should do it?

      • Preference dimensions
        • status taste achievement aspiration material value

International Product Analysis

  • Innovation, Adaptation, and Diffusion
    • Degree of Newness
    • Newness and Product Life Cycle
    • Degree of Perceived Newness

Congruent
Innovation
Continuous
Innovation
Dynamically
Continuous
Innovation
Discontinuous
Innovation

International Product Analysis

  • Perceived Attributes of the Product
    • Relative Advantage
    • Compatability Relative to core and
    • Complexity non-core attributes
    • Trialability
    • Observability

Relative to Core
and Non-Core attributes

Marketing Industrial Products

  • Who are Industrial Customers?
    • Commercial Enterprises
      • Original Equipment Manufacturers
      • User Customers
      • Industrial Distributors
    • Government Organizations
      • Local
      • Provincial
      • Federal
    • Institutional Customers
      • Schools
      • Hospitals
      • Churches

Why Enter International Markets?

  • Domestic Market Saturation
  • Life Cycle Stages
  • Inherent Perceived Quality Differences
  • Protect Existing Market Share

Why Not to Enter International Markets

  • Home Country Sufficient
  • Lack of Sound Marketing Information re Foreign Opportunities
  • High Costs
  • Organizational Inertia

Information on International Markets

  • Dunn & Bradstreet’s Principal International Businesses
  • Predicast’s F & S Index
  • Europe’s 1500 Largest Companies
  • Major Firms in Europe and Far East

Industrial Market Considerations

  • Product Strategy
    • Specifications R&D Support Services New Competition
    • Licensing FDI Mgmt Contract Turn-Key Counter-trade
  • Channel Strategy
    • Resident Buyers Mfg’s Reps Distributors Trading Companies
  • Promotion Strategy
    • Use of Trade Fairs and Exhibits
    • Expert Testimonials and Reputation
  • Pricing Strategy
    • Price/Quality Relationship Most Important
    • Bid System
    • Role of Physical Distribution and Demand Management Important
    • Prices Often Difficult to Determine at Time of Sale

International Distribution

  • Components of Distribution
    • Physical Handling
    • Transportation
    • Transfer of Ownership
    • Buying and Selling Negotiations
    • Customer Satisfaction--GOAL!!
  • Alternative Distribution Channels
    • Direct and Indirect Exporting
    • Merchants and Agents

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