Internal Code: 1HFGF
Marketing Assignment Help:
Task:
Based on assignment 2, you have developed a good understanding of your client’s products, as well as industry and consumer profiles. You also have made a justified recommendation for one Asia Pacific market to enter. For assignment 3, you will develop an in-depth understanding of your country’s market and competitive environment. This will be the basis for 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.
Particulars:
- You will focus on the same product sector/company as in assignment 2
- You will also focus on the country that you recommended in assignment 2
- Develop and justify an international marketing strategy for your chosen market which should cover the following:
- Objectives
- Market environment summary
- Competitor analysis
- Your client’ market readiness
- Mode of entry
- STPD strategy
- Product strategy
- Price strategy
- Promotion strategy
- Distribution strategy
Please note: Above components of an international marketing strategy are certainly interlinked. For example, based on your competitor analysis or your STPD strategy, you may focus on a specific pricing strategy, therefore link back to points you made earlier. Or another example, the objectives might be influenced by your client’s market readiness and the mode of entry.