OtherPapers.com - Other Term Papers and Free Essays
Search

None

Essay by   •  October 3, 2011  •  Essay  •  504 Words (3 Pages)  •  1,373 Views

Essay Preview: None

Report this essay
Page 1 of 3

International marketing is the management process of identifying, analysing and satisfying the needs of overseas customers. A lots of companies are moving to foreign market day by day to search of different market and gain earnings. International market is important to firm in many ways. An organization may involve in international marketing when it markets its products or services in two or more foreign countries. Getting into foreign markets requires minimal up-front investment, as well as decisions about which markets to enter and how best to do business in each directly or through distributors.

International marketing takes place when a business directs its products and services toward consumers in a country other than the one in which it is located. While the overall concept of marketing is the same worldwide, the environment within which the marketing plan is implemented can be dramatically different from region to region. Common marketing concerns--such as input costs, price, advertising, and distribution--are likely to differ dramatically in the countries in which a firm elects to market its goods or services. Business consultants thus contend that the key to successful international marketing for any business--whether a multinational corporation or a small entrepreneurial venture--is the ability to adapt, manage, and coordinate an intelligent plan in an unfamiliar (and sometimes unstable) foreign environment.

Businesses choose to explore foreign markets for a host of sound reasons. In some instances, firms initiate foreign market exploration in response to unsolicited orders from consumers in those markets. Many others, meanwhile, seek to establish a business to absorb overhead costs at home, diversify their corporate holdings, take advantage of domestic or international political or economic changes, or tap into new or growing markets. The overriding factor spurring international marketing efforts is, of course, to make money, and as the systems that comprise the global economy become ever more interrelated, many companies have recognized that international opportunities can ultimately spell the difference between success and failure. "The world is getting smaller," concluded E. Jerome McCarthy and William D. Perreault Jr. in Basic Marketing. "Advances in communications and transportation are making it easier to reach international customers. Product-market opportunities are often no more limited by national boundaries than they are by state lines within the United States. Around the world there are potential customers with needs and money to spend. Ignoring those customers doesn't make any more sense than ignoring potential customers in the same town."

While companies choosing to market internationally do not share an overall profile, they seem to have two specific characteristics in common. First, the products that they market abroad, usually patented, are believed to have

...

...

Download as:   txt (3.3 Kb)   pdf (60.1 Kb)   docx (9.7 Kb)  
Continue for 2 more pages »
Only available on OtherPapers.com