International Marketing Strategy - Marketing Mix Strategy - STPD Strategy - Report Writing Assessment Answer

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International Marketing Strategy - Report Writing Assessment Answer

Assignment Task: Based on assignment 1 and 2, you now have a good understanding of your client and the new market. Please make sure that you reviewed all feedback given to you, as this could be valuable for the final assignment. If you have any questions or would like to discuss previous assignment feedback, please contact your lecturer. For assignment 3, you will develop an international marketing strategy that will enable your client to make an informed decision on how to pursue their product, price, promotion and distribution strategy when entering the chosen market. Essential for this is to define potential customer segments, to choose the most promising target markets, and to develop a positioning and differentiation strategy. Particulars: ? Develop a segmentation, targeting, positioning, and differentiation (STPD) analysis ? Develop a marketing mix strategy based on the 4Ps (product, price, promotion, place/distribution) Remember: Your previous assignments build the basis for the final assessment item. Information on, for example, the market or competitors are likely to influence or determine aspects of your international marketing mix strategy. Please note: You need to research appropriate data and resources from a range of credible sources. This can include (but not exclusively) country and government information, industry data and reports, reports from respectable consultancy companies, professional media outlets, as well as academic journals and books. The quality and relevance of the used sources is likely to have a huge influence on the quality of your report. If in doubt, ask your lecturer. STPD strategy: Develop and justify an STPD strategy that the company should adopt for the chosen market. This will demonstrate your in-depth understanding of the consumer market in your chosen country as well as the competitive environment. Resultantly you are developing an appropriate segmentation, targeting, positioning, and differentiation strategy. (quality of STPD, relevance, and justification) International marketing mix strategy: Develop and critically discuss an international marketing mix strategy for the chosen market based on your research. Focus on the 4Ps, product, price, promotion, and distribution (place).
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