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Q 2 . Below is an overview of the International Planning Process. In Phases 1 and 2 of the international planning process, countries may be
Q Below is an overview of the International Planning Process. In Phases and of the international planning process, countries may be dropped from further consideration as potential markets. Discuss some of the conditions that may exist in a country that would lead a marketer to exclude a country in each phase. International Planning Process Information derived from each phase, market research, and evaluation of program performance Phase Preliminary analyzing and screening: Matching companycountry needs Environmental factors, company character, and screening criteria Company character Philosophy Objectives Resources Management style Organization Financial limitations Management and marketing skills Products Other Homecountry constraints Political Legal Economic Other Hostcountrys constraints Economic Politicallegal Competitive Level of technology Culture Structures of distribution Geography Competition Phase Defining market segments and adapting the marketing mix accordingly Marketing mix requirements: defining and selecting market segments Product Adaptation Brand name Features Packaging Service Warranty Style Standards Price Credit Discounts Promotion Advertising Personal selling Media Message Sales promotion Distribution Logistics Channels Phase Developing the marketing plan Phase Implementing and controlling Marketing plan development Situation analysis Objectives and goals Strategy and tactics Selecting mode of entry Budgets Action programs Implementing, evaluating, and controlling Objectives Standards Assign responsibility Measure performance Correct for error
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