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Assignment 2: International Marketing Plan
Assignment 2: International Marketing PlanDue Week 8 and worth 220 pointsYou will use your chosen country (CUBA) for this Assignment. In addition to the country, you will reference the shoe manufacturing firm (introduced in the Discussions). Write a four to six (4-6) page paper in which you:
- Identify two (2) forms of market segmentation for your shoes, and support your choices. Then, identify two (2) target markets for each segment, and explain those choices. Note: A market segment (generally) is the group(s) the firm wants to market to; while the target market(s) is the specific market (e.g., city) that the segment(s) are located in.
- Give examples of four (4) actionable goals for your business as you embark on your mission to import shoes into your chosen country. Describe why each goal is important to the firm.
- Select the global product marketing program that you feel best suits your firm as a strategic alternative in your chosen country. Provide a rationale to support why you chose this program.
- Choose the global pricing policy that will best suit your firm and selected country. Support your decision for choosing such a policy.
- Choose the marketing channel alternative that will best suit your firm and selected country. Describe the function of each channel member.
- Describe the sales promotions that will be used entice both consumers and trade channel partners.
- Determine whether the firm will use salespeople or sales agents to promote and sell your products in the chosen country.
- Use at least three (3) quality academic resources for in-text citations in this assignment. Note that Wikipedia and similar type websites do not qualify as academic sources.
- Format your assignment according to the following formatting requirements:
- Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
- Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
- Evaluate the considerations for product adaptation in foreign markets and common approaches to adjusting promotional strategy to fit foreign markets.
- Examine the process for market research to assess foreign market potential.
- Analyze the strategic marketing planning process, strategies for entering foreign markets, and considerations for subsequent market expansion.
- Determine the logistics and product distribution channel options available to support international marketing.
- Formulate the core marketing concepts into viable marketing strategies to support exporting and the full range of global marketing operations.
- Assess the key factors in price determination, alternative pricing strategies used in international marketing, and the common terms of sale and payment used in international marketing.
- Use technology and information resources to research issues in international marketing.
- Write clearly and concisely about international marketing using proper writing mechanics.
******Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the rubric below.
Week 9
Impact of Government Regulation” Please respond to the following:
Welcome to week 9 of the quarter. Last week we covered contracting in cooperatives games, moral hazard, principle-agent models, efficient organizational form, and mergers. The learning objective for this week is apply economic concepts and approaches to the formulation, implementation and evaluation of business strategy, and public policy in the areas of economics. We shall develop change strategies to effectively implement economic policy modifications that respond to market conditions, and improve economic performance. The following topics will be covered this week:
John Stossel (TV personality) on Regulation http://www.youtube.com/watch?v=FMpt7JYF_Lc
http://www.youtube.com/watch?v=L478SB2uoOM
http://www.youtube.com/watch?v=HucEOBf9OMs
http://www.youtube.com/watch?v=pAg3TUX5MYk
“Impact of Government Regulation”
“Agency theory” http://www.youtube.com/watch?v=iELQt42LEQk
Government regulation http://www.youtube.com/watch?v=dZL25NSLhEA
http://www.youtube.com/watch?v=OPbw3Csj6I8
http://www.youtube.com/watch?v=lZfbZDK0hLw
http://www.youtube.com/watch?v=KMoRgHZPVgI
Social Media 101
Social media has come a long way in the past 15 years, it has gone from becoming a way for younger generations to communicate and to advertising for business. I am currently working at a group home that has just finished all of its construct and they are now looking into expanding their marketing techniques. I have brought up the idea of Facebook but was turned down because my directors felt that Facebook wasn’t a good place to post about group homes because of confidential reasons. Although now a year later my manager is now looking into promoting our company on Facebook, espcially after noticing that other group homes and Agencys are also on facebook. Facebook is a great way to post new pictures, blogs, and clients reviews. Many times I have personally used facebook to see what reviews the community has on a specific business.
The idea that most social media marketing featuretend to be free makes a company’s return on investment reasonably high with low costs associated with the campaign. The money spent on keeping the social media going is already allocated in the budget. This should only mean a few late hours to keep the sights updated. What makes social media so attractive is the fact that it reaches more potential customers than word of mouth advertising. You can also view the product in action without having to talk to a salesperson. All from the comfort of home or even if mmobile.
Social media will provide a company with KPI’s such as the volume of sales and installs, come back customers tracking, the number of shares with others, surveying and through customer reviews. These features will allow a company to monitor and track how well the site does and also lets it know if adjustments are needed.
Through web analytics, a company will be able to follow the amount of page likes, the number of shares, the number of subscribers/followers. Facebook has a feature called Facebook Insight that provides tracking of the number of people your posts reach with a percentage change from week to week.
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