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Best Practices In Global MarketingTRANSCRIPT
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Global Marketing Best Practices
Global Marketing Best PracticesAvi Dan, Founder and President
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What We’ll CoverWhat We’ll Cover
The Global Consumer Selecting A Global Strategy Best Practices In Segmentation Dealing With Gray Markets Pricing Best Practices Media Best Practices For Selecting An Ad Agency
Auditing
The Global Consumer Selecting A Global Strategy Best Practices In Segmentation Dealing With Gray Markets Pricing Best Practices Media Best Practices For Selecting An Ad Agency
Auditing
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The Emergence of the Global Consumer Culture
The Emergence of the Global Consumer Culture
Cheaper travel, increased exposure
Communications became global
Immigration trends
Luxury Consumption Class
Global Consumption Homogenization
Cheaper travel, increased exposure
Communications became global
Immigration trends
Luxury Consumption Class
Global Consumption Homogenization
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Why Go GlobalWhy Go Global
Competition Regional Integration Technology Economic Growth Product Life Cycle High New Product Development Cost Production Economies Of Scale
Competition Regional Integration Technology Economic Growth Product Life Cycle High New Product Development Cost Production Economies Of Scale
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EthnocentricPolycentricRegiocentricGeocentric
EthnocentricPolycentricRegiocentricGeocentric
Strategic Models Strategic Models
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Types of MarketsTypes of Markets
Developed MarketsUnderdeveloped MarketsEmerging MarketsN11: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea,Turkey, Vietnam
Developed MarketsUnderdeveloped MarketsEmerging MarketsN11: Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea,Turkey, Vietnam
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Entry Mode AlternativesEntry Mode Alternatives
Exporting
Licensing
Franchising
JV
Consortia
Wholly Owned Subsidiary
Alliances
Exporting
Licensing
Franchising
JV
Consortia
Wholly Owned Subsidiary
Alliances
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Determining Market Receptivity
Determining Market Receptivity
Differential response MeasurabilityDifferential response Measurability
Actionability Sustainability
Accessability Stability Over Time
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Consumer Target Best Practices
Consumer Target Best Practices
Demographic PsychographicUrbanization/IncomeSocial ClassEducation
Demographic PsychographicUrbanization/IncomeSocial ClassEducation
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Rate Of Adoption Best Practices
Rate Of Adoption Best Practices
Product Factors Market Factors
Product Factors Market Factors
New Product/Service Adoption
Advantage
Compatibility with Adopter’s needs
Media
Trial
CulturalSimilarity
Economic similarity
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Consumer AdoptersConsumer Adopters
Innovators
Early Adopters
Early Majority
Late Majority
Laggards
2.5%
13.5%
34%
34%
16%
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Targeting Strategies Best Practices
Targeting Strategies Best Practices
Differentiating Targeting Strategy - Identify Market Segments That Want Different Benefits And Target With Different Brands
Concentrate Targeting - Companies Select Only One Market Segment And Target With A Single Brand
Undifferentiated Targeting - Aiming The Product At All Markets Using A Single Strategy
Differentiating Targeting Strategy - Identify Market Segments That Want Different Benefits And Target With Different Brands
Concentrate Targeting - Companies Select Only One Market Segment And Target With A Single Brand
Undifferentiated Targeting - Aiming The Product At All Markets Using A Single Strategy
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Gray GoodsGray Goods
A Distribution System Unauthorized
By The Manufacturer Whereby TheProducts Purchased In A Low-Price
Market Are Diverted To AnotherMarket.
A Distribution System Unauthorized
By The Manufacturer Whereby TheProducts Purchased In A Low-Price
Market Are Diverted To AnotherMarket.
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Charge SimilarPricesWorldwide
Methods of CombatingParallelimports
Create products For low marketsThat are not as Attractive or areNot a perfect fitWith an up market
Litigate
Complicate theRepair and Servicing
Inform consumers About gray marketgoods
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Price ConsiderationsPrice Considerations
Intuition-driven and highly decentralized
The influence of currency fluctuations
Price paid to the marketing supply chain
Labor, raw materials Share vs.. Profitability Competition
Intuition-driven and highly decentralized
The influence of currency fluctuations
Price paid to the marketing supply chain
Labor, raw materials Share vs.. Profitability Competition
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Media ChallengesMedia Challenges
Availability Reliability Restrictions Costs
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Choosing Ad Agency Choosing Ad Agency
Consolidation Vs. Localization
ControlEfficienciesHolding Co. Bundling Vs. Best In Class
Consolidation Vs. Localization
ControlEfficienciesHolding Co. Bundling Vs. Best In Class
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Best Practices In Agency Review
Best Practices In Agency Review
Hire A Culture Process Talent Decide Who Are The Deciders Set Expectations Focus On Few Agencies Precise Contract
Hire A Culture Process Talent Decide Who Are The Deciders Set Expectations Focus On Few Agencies Precise Contract
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Best Practices Agency Audits
Best Practices Agency Audits
Annual, Less For New Agency Joint Improvement Plans, Who Owns Initiatives, Timing
Online Tools Tie To Compensation Get Management, Agency Support 360 Degrees Evaluations Qual, Quant, Business Metrics,Tech Platforms
Annual, Less For New Agency Joint Improvement Plans, Who Owns Initiatives, Timing
Online Tools Tie To Compensation Get Management, Agency Support 360 Degrees Evaluations Qual, Quant, Business Metrics,Tech Platforms
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More Resources From The ANA School of MarketingMore Resources From The ANA School of Marketing
• Join us for a one day course on Global Marketing Management Scheduled for November 8th in NYC: http://www.ana.net/training/show/id/GM-NOV10
• Join us for a one day course on Global Marketing Management Scheduled for November 8th in NYC: http://www.ana.net/training/show/id/GM-NOV10