Global Marketing 1 Identification and Screening Preliminary Screening

Global Marketing 1

Identification and Screening Preliminary Screening Estimating Market Potentials by Product Type Estimating Sales Potential for Company’s Product Identifying Segments in Target Market 2

Preliminary Screening This process must rely chiefly on secondary data for countryspecific factors as well as product and industry specific factors. 3

Estimating Market Potential The international marketer needs to assess the size of existing markets and forecast the size of future markets. The marketer uses both quantitative and qualitative techniques for assessment. 4

Estimating Sales Potential Collect product and market specific data Competition Market Consumers Product Channel structure 5

Identifying Segments Individuals and organizations vary in their wants, resources, geographical locations, buying attitudes, and buying practices. 6

Concentration Versus Diversification Major alternatives for choosing an expansion policy: Concentration on a small number of markets. Diversification is growth in a relatively large number of markets in early stages. 7

Marketing Management Standardization The extent to which elements of the marketing mix should be standardized. Adaptation Marketers may consider every situation independently, or rely on decision-support systems to aid in program adaptation. 8

Product Policy The Core of the Firm’s Operations Goods Services 9

Is It Worth It? 10

E-Commerce 11