MKT 450 INDIVIDUAL AND TEAM ASSIGNMENTS
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MKT 450 Week 1 Individual Assignment International and Domestic Marketing Comparison Paper
International and Domestic Marketing Paper Introduction Marketingâ€™s main purpose is to sell the considered product to the consumer. In each country that involves itself with marketing ventures, this main objective is still ever present. However, the ways in which the product is promoted and the vehicles used to carry the marketing message may differ from country to country. For example, Mexico and the United States vary when comparing and contrastingtheir marketing arenas. The climates of these two countries contain diverse cultures, legal systems, political environments, and economic demands. Over-View of Mexico and the United States Marketing Situation Since Mexico opened its market there has been a significant change in its marketing channels in regards to the structure and marketing performances. This began happening around
the 1980â€™s. These happenings were onslaught after the 1994 North American Free Trade Agreementwas enacted. One of the largest markets currently involved in international trade in Mexico is the fresh produce market. However, many other markets have been affected as well. A huge change in the fresh produce market has occurred due to the large increase of international and national grocery mart chains. This increase has made a mark on the traditional delivery performances in Mexico (US Department of Agriculture, 2002).The US also participates in exporting fruits and vegetables to other countries. In the US and Mexico eating fresh fruits and vegetables is promoted to the population to increase the awareness of their health benefits. Mexicoâ€™s insufficient tangible infrastructure, ineffective management supply chain, and non-existent specifically identified quality standards has impacted the transportation procedures and modem handling for perishable vegetables, fruits, and goods negatively (US Department of Agriculture, 2002). The US has an abundant market that relies heavily on technology. For example, many US companies use the internet to advertise their products. While Mexico continues to expand technologically they are still many years behind the US in regards to technology.
MKT 450 Week 2 Team Assignment International Marketing Plan Mission Statement and Objectives Paper International Marketing Plan Mission Statement and Objectives Paper Executive Summary BMW has a long history of success dating back to 1916 when the company began in Munich, Germany. The first products introduced by the company were high quality aircraft
engines and motorcycles. In 1928 BMW went on to what it is popularly known for today as one of the top luxury car makers (BMW, 2011). A new endeavor launched by BMW will soon commence in the country of Brazil. BMW will analyze the advantages and disadvantages of Brazil’s budding economy and the possibilities for establishing a new production plant there. Brazil is a lucrative market that contains many opportunities for BMW to prosper in. It is BMW’s mission to satisfy current and prospective clients. This will be done through providing a superior product that exceeds the competitions. Brazil holds nearly half of the South American economy and territory (US Commercial Service, 2011). Over the last 10 years Brazil has grown rapidly making it the perfect candidate for BMW to expand to. Objectively, BMW will examine the benefits and costs of beginning the CKD (Complete Knock Down) manufacturing plant in Brazil. Additionally, to track and evaluate opportunities and threats, market research will be used, geographical and environmental analyses will be conducted, buyer research will be examined, and prospective target and consumer segments will be determined. Furthermore, a complete SWOTT analysis as well as establishing the 4 P’s(Product, Price, Place, and Promotion) for the new BMW Brazil location will be made certain. Brazil continues to be one of the leaders in foreign investment. In the year 2000, 32.8 billion was the peak in-flow (US Commercial Service, 2011). This of course means that there
MKT 450 Week 3 Individual Assignment Research Methodologies Paper Starbucks executive management team has been working diligently to begin operations in Mexico. There are many reserves and tactics the management team can implement to maintain a
prosperous business venture in Mexico. The management team will clearly affirm the purpose of their research for the business plan. Also, the marketing operation for Mexico will utilize current databases, focus groups, and surveys to create the optimal strategic plan for the new Starbucks stores in Mexico. It is important that the management team makes the most use of primary and secondary data, collects the right data, and in the end examines the data efficiently. With an assortment of research methods it will be necessary to pinpoint what problems or concerns are at hand to construct a well-informed assessment. The management team will make travels from the United States to Mexico to study Mexicoâ€™s culture, demographics, and demand for Starbucks main product which is caffeinated beverages. Globalization has opened a wider market for goods and services; the hospitality industry is one beneficiary of the enlarged global business market. When venturing in an international market, managers should ensure they have developed an effective market entry strategy, and improve the strategies to assist the company to get a competitive edge in the foreign market. To come-up with responsive marketing strategies, marketers need to undertake a marketing research on the specific issues likely to shape marketing in the foreign country (Kotabe&Helsen, 2004). Starbucks is the worldâ€™s number one coffee and coffeehouse company. It is situated in 55 countries; on 30 March 1971 Jerry Baldwin, Zev Siegl, and Gordon Bowker are respected as the founders of the company. The company wants to expand its service to Mexico. Mexico is one of the largest Latin American countries in size and economy; the countyâ€™s population and their economic standing can offer Starbucks expansive markets if the company is able to market its products successfully.
MKT 450 Week 3 Team Assignment Detailed International Marketing Plan Outline Part I International Marketing Plan BMW is ready to capture the global market with unbeatable performance and luxury vehicles. BMW automobiles are currently manufactured in production sites in Munich, Regensburg, Leipzig, Spartanburg, and South Africa (BMW Group, 2010). BMW is ready to lead the international market by opening a production facility in Brazil. “Mercedes-Benz opened a plant in Juiz de Fora, Brazil, about 15 years ago, but no other luxury brand has followed its lead” (Left Lane News, 2010). Brazil is developing into a first world nation. Brazil's economy outweighs that of all other South American countries. Brazils’ wealth increased 7.6% in 2010 and the car market in Brazil grew by 8% to 3.2 million units (BMW Group, 2011). In 2010, the Brazilian market for new cars was larger than Germany. Brazil is the fifth largest country in the world with a population of 203, 429, 773. Brazilborders the Atlantic Ocean and shares common boundaries with every South American country except Chile and Ecuador. Brazil is divided into 26 states and a Federal District. The capital city of Brazil is Brasilia. Brazil has two of the world's largest cities, Sao Paulo and Rio de Janeiro. 26.2% of Brazil’s population age is 0-14, 67% is 15-64, and 6.7% is 65 years and over. According to the Giniindex,Brazil’s distribution of family income is 56.7 as of 2005. Brazil’s unemployment rate is only 7%. Brazil’s total length of roads paved and unpaved is 4th in the world (CIA).
MKT 450 Week 4 Team Assignment Detailed International Marketing Plan Outline Part II International Marketing Plan
Market Segment 64% of Brazil’s population has an income in the upper 20th percentile. Affluent adults make up 31% of the population of Brazil (Synovate, 2007). BMW’s ideal customers are the affluent adults between ages 25 and 64. The majority of these customers own laptops, smartphones, own at least one car, and own quality or designer clothing and jewelry (Synovate, 2007). BMW will also look into commercial fleet customers in the affluent business districts of São Paulo, Rio de Janeiro, and also in Belo Horizonte. As with customers around the globe, leasing and financing options will be available through BMW’s own financial services. Marketing Strategy Product The cars that will be available for purchase will be the 1, 3, 5, 7 Series, X1, X3, X5, X6, the Z4, the M-Series, and also the Hybrid model (BMW do Brasil). With a CKD plant, customers will be able to order fully customized automobiles from the dealership with a short wait-time from the CKD plant
MKT 450 Week 5 Individual Assignment International Marketing Ethics Paper
International Marketing Ethics Paper Many companies at some point in time of operation are faced with ethical issues that can alter the company’s reputation. Merriam Webster dictionary defines ethics as “the discipline dealing with what is good and bad and with moral duty and obligation (Merriam Webster, 2011)”. Nestle has been a focal point for many conscientious consumers due to recent questions of their lack of ethical conduct concerning promotions of their infant formula to mothers of children in Africa.
Nestle does have a global code of conduct. In summary, it states that Nestle employees should act within the best interest of the company, conduct business honestly and uphold legal statutes, and refrain from any acts that could possibly injure the companyâ€™s reputation (Nestle, 2011). Although Nestle carries a code of conduct some individuals may disagree on whether they are following this code of conduct? In 1970 Nestle began to be looked upon as a company with low morale. Nestle was accused by activists of unethically marketing it baby formula. Nestle had in fact been promoting its formula to poor women in countries all over the world. As a result thousands possibly even millions of babies died. WHO (World Health Organization) created the International Code of Marketing of Breast Milk Substitutes to combat the disparaging act of disreputable marketing of formulas. Nestle declared that it had revised it policies after this code was enacted, but boycotters remarked that Nestle was still one of the main offenders in seedy marketing of formula (Ethical Shopping, 2011).
MKT 450 Week 5 Team Assignment Final International Marketing Plan Paper Executive Summary BMW has a long history of success dating back to 1916 when the company began in Munich, Germany. The first products introduced by the company were high quality aircraft engines and motorcycles. In 1928 BMW went on to what it is popularly known for today as one of the top luxury carmakers (BMW, 2011).
A new endeavor launched by BMW will soon commence in the country of Brazil. BMW will analyze the advantages and disadvantages of Brazilâ€™s budding economy and the possibilities for establishing a new production plant there. Brazil is a lucrative market that contains many opportunities in which BMW can prosper. It is BMWâ€™s mission to satisfy current and prospective clients. This will be done through providing a superior product that exceeds the competitions. Brazil holds nearly half of the South American economy and territory (US Commercial Service, 2011). Over the last 10 years, Brazil has grown rapidly making it the perfect candidate for BMW to seek expansion. Brazil continues to be one of the leaders in foreign investment. In the year 2000, 32.8 billion was the peak in-flow (US Commercial Service, 2011). This of course means that there will be ample competition. The top competitors that BMW will be up against are Volkswagen, Fiat, and General Motors. The only other luxury car distributor in Brazil is Mercedes Benz who does not dominate much of the market share. Although BMW is up against some stiff competition BMW remains confident that through the eliminated cost of export fees due to the plants location in Brazil, the increased probability of future sales, and the limited number of sales required to make a profit that the positives outweigh the negatives of doing business in Brazil.
MKT 450 Week 5 Team Assignment Final
International Marketing Plan Presentation