Sunday, May 11, 2008

Marketing communications in international a global contexts (MC, unit3)

Phases of international marketing development
  1. Domestic markets
  2. Infrequent foreign marketing - short-term need to eliminate production surplus
  3. Regular foreign marketing - primary focus domestic, devotes resources to exploit overseas opps
  4. International marketing - see markets as having unique characteristics that need individual marketing strategies
  5. Global marketing - view world as a single market - standardisation of activities

Important to build cohesive corporate identity and prevent danger of multiple units acting autonomously

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