...Anhui Management Development Centre/ Anhui Economic Management Cadre’s Institute BTEC Center Program: HND in Business Unit Title: Marketing Planning Unit No: 19 Assignment Title: Case Study for Marketing Planning Assignment No.: 1901 Issue Date: March 16, 2015 Submission Deadline: April 30, 2015 Assessor/Tutor: Dai Chun Internal Verifier: Qiao Hui Student: Student’s Reg. No: NOTES TO STUDENTS • Check carefully the submission date and the instructions given with the assignment. Late assignments will not be accepted. • Ensure that you give yourself enough time to complete the assignment by the due date. • Do not leave things such as printing to the last minute – excuses of this nature will not be accepted for failure to hand-in the work on time. • You must take responsibility for managing your own time effectively. • If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply (in writing) for an extension. • Failure to achieve a PASS grade will results in a REFERRAL grade being given. • Take great care that if you use other people’s work or ideas in your assignment, you properly reference them in your text and any bibliography. • When you refer to the work of other authors in your assignment, you must practice citation by following Harvard System for Referencing. • If you are caught plagiarizing, you could have your grade reduced to zero, or...
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...customer service, and public relations. Value is the main concept on which marketing is based. Value refers to how good an item is. Value is driven by personal needs and desires. Customer value is the value a specific exchange has for the customer as opposed to for the company (White, 2012). Marketing function determines customer value because it refers to the value of an item the customer receives. A marketer’s job is to develop an offering and to price it in such a way that its value attracts customers, yet it still makes a profit. This paper will introduce and market the product iTunes using the STP approach, discuss major environmental facts and trends in China, and contain a marketing plan for iTunes using the four p’s of marketing. A product that is sold in the United States and has sales opportunities in China is the intangible service iTunes from Apple. ITunes is a store in the form of an app that can be downloaded to ay electronic device where you can purchase music, games, and apps. This product can be purchased instantly over the internet with a debit card or iTunes gift card. This product is inexpensive and reliable with instant service. ITunes is a whole digital hub concept and people are buying into it. The target market for iTunes in the United States are individuals from eighteen years of age to forty-nine years...
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...Japan’s Export: A Business Opportunity Maria Griselda Dillet Marketing 4308 Table of Contents Executive Summary 3 Japan 5 Government and Politics 5 Foreign Relations 6 Economy 6 Imports and Export 7 Imports 8 Export 9 Business Opportunity 10 Making the Opportunity Work 13 Recommendations 14 Declaration 16 Works Cited 17 Executive Summary Japan is a country east of South Korea, China, Russia and North Korea. It consists of 6852 islands. The country’s authority is vested in the monarchy. There is an Emperor, who is a ceremonial figure. The country has two parliaments, i.e. the House of Representatives and the House of Councilors. Japan has strong foreign relations being a member of the APEC, G8 and ASEAN. It has been a member of the United Nations since 1956. It is the third in the world as far as the national economy is rated. Japan’s main imports are raw materials, fuels, machinery and equipment, textiles, chemicals and foodstuffs. Its main import partners are the United States, Saudi Arabia, European Union, China and United Arab Emirates. The country’s main exports are motor vehicles, office machinery, semiconductors, scientific and optical equipment and other electronic components. It exports products to the United States, European Union, South Korea, Hong Kong, China and Taiwan. The idea is to start a company and locate it in one of the African countries. This company will be involved...
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...Marketing audits Contents Introduction 2 Task1.1 3 Task1.2 4 Task1.3 6 Task1.4 7 Task1.5 8 Task2.1 9 Task2.2 10 Conclusion 11 Reference 12 Introduction Now it is the information age, information is applied all over the society, including economy, politics, and daily life. Many companies are going to make the Internet development into their strategic goals. Of course, the common people also get greater convenience from it, such as the apps of Kuaidi and Didi, which are very hot during this time. Not only is booking a taxi easier, it is also cheaper: The two major companies are offering discounts to riders. Taxi drivers also get bonuses for using the apps. Didi was offering 15 RMB per ride in February. On the other hand, it has also led to the big sales of intelligent mobile phone. Of course, when a new thing appears, it will also bring some bad shortages. In this report, as for the two most popular apps, I will make analysis from the market view, use the relevant economic theories, at the same time, for the shortage, and put forward reasonable proposals by the marketing theory. Didi, indicates the beep...
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...What are the pros and cons of outsourcing to China? By: Introduction The Objective is to explore key factors and pros and cons in outsourcing to China. Research findings identify obstacles faced by both parties in outsourcing. Economic factors are motivational factors in outsourcing to China. Cost reduction, savings, and investment reductions are the main concerns. Benefits focus on core competence, flexibility, and market penetration. Companies in China have ran across several obstacles such as poor communication and lack of preparation. Common Approaches There appears to be three commonly used approaches to outsourcing decisions (as also noted by Bolumole et al. 2007): transaction cost economics, resource based theory, and network theory. Other researchers have explained differences between these approaches(e.g. Mayer and Salomon 2006) Service Provider The vast majority of Chinese enterprises dealing with outsourcing have a single service provider. The Chinese enterprise must establish the right business requirements in order to be successful. Some of the first generations of outsourcing the senior management teams were not very happy with the results of the first few years. The management did not understand how to construct a sourcing strategy to meet the business needs. Management was unclear about the outcomes expected from outsourcing with the provider. In order to prevent unrealistic expectations they found planning to be extremely important to develop the proper...
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...How Mc.Donalds run their business in China? Mc.Donalds penetrated the Chinese marke t in 1990. The number of Mc.Donalds store increase d to 500 during the thirteen-year perio d 1990-2003 in China. The number of Mc.Donalds store increase d to 500 during the only five-year peri od 2003-2008 in China. Now there are 1300 Mc.Donalds stores in China. How Mc.Donalds run their business in China? Mc.Donalds continued the operating poli cies and Americanized traditions in its early days in China. Mc.Donalds waited until the right time for moving aggressively into Chinese market. Mc.Donalds has been unable to take much market share from KFC in China. Mc.Donalds compiles the information about the rival company. How Mc.Donalds run their business in China? Mc.Donalds aims to expand their's chain stores in China. Mc.Donalds's brand image will be redesigned to suit preference of the chinese market. Mc.Donalds will newly open casual and European-style stores so that they will achieve brand differentiation in t he market How Mc.Donalds run their business in china? Mc.Donalds is planning to increase the number of its round-the-clock stores. More than half of the new stores will be planed to open are drive through outlet. Mc.Donalds is planning to increase the number of store offer delivery service. Mc.Donalds's service coverage expand to the area where they have already entered. How Mc.Donalds run their business in china? Mc.Donalds sell special products which is for a limited...
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...of competitive advantage for a multinational firm. Using suitable theories, analyze why an understanding of the cross-cultural interface was important for Motorola’s success in China. The Chinese people’s culture had to be understood in order for Motorola to succeed in China. Planning was essential to entry of the company onto the Chinese market. It required setting objectives and then formulating programs and procedures to achieving objectives. Assessments of the external and internal environment for opportunities and threats were done then compared with Motorola’s strengths and weaknesses (Harold & Heinz, 2008). Low levels of education and difference in the Chinese system made it difficult to get qualified personnel affecting the company’s recruitment activities for both junior and senior staff members. The Chinese culture and orientation towards time management affected planning. Cultural attitudes were not conducive for long-range planning in Motorola and it took some time to pick up. The main factor that affected the planning in Motorola was the political or economic instability of the Chinese government, which had a great influence in the forecasting ability of the company and it at first discouraged long-term commitment of resources, but later they permanently moved their head offices to china. Organizational structures in Motorola were established to achieve objectives. Most structures used were like the divisional structure based on Motorola’s product lines (handset...
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...BUSINESS 427 GLOBAL ISSUES IN BUSINESS DeVry University Global Business Opportunities Project: Burlington Coat Factory/China Prepared By: Group A March 30, 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY 3 Module 1: IDENTIFYING GLOBAL BUSINESS OPPORTUNITIES 3 Module 2: ANALYZING INTERNATIONAL COMPETITORS 7 Module 3: ASSESSING THE ECONOMIC-GEOGRAPHIC ENVIRONMENT 9 Module 4: ASSESSING THE SOCIAL-CULTURAL ENVIRONMENT 11 Module 5: ASSESSING THE POLITICAL LEGAL ENVIRONMENT 14 Module 6: SELECTING A GLOBAL COMPANY STRUCTURE 16 Module 7: FINANCING SOURCES FOR GLOBAL BUSINESS OPERATIONS 18 Module 8: CREATING A GLOBAL MANAGEMENT INFORMATION SYSTEM 20 Module 9: IDENTIFYING HUMAN RESOURCES FOR GLOBAL BUSINESS 23 Module 10: MANAGING INTERNATIONAL FINANCIAL AND BUSINESS RISKS 25 Module 11: PRODUCT AND TARGET MARKET PLANNING 27 Module 12: DESIGNING A GLOBAL DISTRIBUTION STRATEGY 28 Module 13: PLANNING A GLOBAL PROMOTION STRATEGY 30 Module 14: SELECTING AN INTERNATIONAL PRICING STRATEGY 31 Module 15: DETERMINING ORGANIZATIONAL FINANCIAL RESULTS 34 Module 16: MEASURING INTERNATIONAL BUSINESS SUCCESS 35 CONCLUSION 36 BIBLIOGRAPHY 36 EXECUTIVE SUMMARY Burlington Coat Factory was originally formed in the year 1924 as a wholesaler of junior’s coats and women’s coats. Its original location was in Burlington, New Jersey and they are now a national retail chain. Burlington Coat Factory offers...
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...Introduction Emerging markets are more important than ever in nowadays international businesses, they are increasingly making up a large share of many multinationals’ revenues and growths. Many multinationals believe their future success depends on how well they can master and win in these markets, they project share in their business based in emerging markets will increase 20-50% more in the next decade (Choudhary et. al., 2012). This study aims to reveal the motivations behind the multinationals and how multinationals succeed and fail in emerging markets with reference to relevant theories and examples. Theory of Multinational There are many theories analyzing why firms start to engage in foreign direct investments, the Eclectic Paradigm is a more integrated and general approach amongst the various, it explains how the multinational firms make their decisions and strategies by considering the Ownership Advantages (O), Location Advantages (L) and Internalizations factors (I). The theory incorporates ideas of market failure, location advantages and industrial organizations and is thus more holistic approach. The “O” paradigm explains why firms decide to start investing abroad because of possessing ownership-specific advantages relative to domestic firms, and the benefits can outweigh the transaction costs of operating in foreign markets and overcome the competitions of domestic firms, which lead to higher profitability with reduced costs. Examples of ownership-specific...
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...Conference on Research Methodology for Business and Management Studies Using PEST Analysis as a Tool for Refining and Focusing Contexts for Information Systems Research Guo Chao Alex Peng, Miguel Baptista Nunes Department of Information Studies, University of Sheffield, Regent Court, Sheffield, S1 4DP, UK lip05gcp@sheffield.ac.uk, j.m.nunes@sheffield.ac.uk Abstract It is common for inexperienced researchers and research students to aim at investigating very wide contexts such as countries (e.g. China, India, UK), regions (e.g. the Arab Countries) or even continents (e.g. Africa). Such studies in Information Systems (IS) are not only unrealistic and potentially unfeasible, but may result in findings that are neither significant nor meaningful. Research supervisors often face difficulties in explaining and resolving these common pitfalls in research proposals. This paper proposes the use of Political, Economic, Social and Technological (PEST, also often referred to as STEP) analysis as a tool to identify narrower contexts and focus research questions around feasible and meaningful regional contexts. It illustrates this process with the results of an analysis carried out as part of an ongoing PhD research project. The project aims to investigate the barriers and risks associated with the post-implementation of Enterprise Resource Planning (ERP) systems in Chinese companies. PEST analysis was used to define an appropriate region in China (i.e. Guangdong), as well as the type...
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...TANTIKALAYAPOND Jinshen building, No. 245 Changgang Middle road, Haizhu district, Guangzhou, Guangdong, China PRC 510220 Tel: (86) 18680554667, Email: chivalrysilk@gmail.com QUALIFICATIONS SUMMARY: Proven and experienced Business Development Manager with record of significantly improving sales, and developing strong customer relationships. Understand overall industry position and appropriate competitive strategies in market development. Effective self-starter demonstrating solid experience across varied business milieus, products, services and technologies. Highly organized and able to work independently while managing multiple projects, and prioritizing work assignments. Strengths include: International Business Development Global Strategic Partnerships Marketing Planning & Analysis Financial Planning/Feasibility Analysis Import/Export Promotion Market Identification and Development Government Contract and Proposal Consulting Multilingual English/Russian/Chinese/Spanish PROFESSIONAL EXPERIENCE: Director: Thailand Business Information Center, Nov. 2013-Present Royal Thai Consulate-General in Guangzhou Assistant Director: Thailand Business Information Center, Aug. 2011-Nov.2013 Royal Thai Consulate-General in Shanghai Provide advice for trade and investment opportunity Guangzhou, Shenzhen, Shanghai, Zhejiang, Jiangsu and Anhui to Thai and Chinese clients. Including China ASEAN Free Trade Agreement, Investing circumstances, market environments and macroeconomic situation...
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...University MGM336-1502B-01 Management in International Business Professor Asefaw Indrias June 21, 2015 The macro environment in the Communist country of China is represented by a socialist system with Capitalistic characteristics unique to China. Despite having many similarities to an authentic Capitalistic system, China is placated upon a macro environment wherein the Communist party and its policies deeply impact all aspects of the economy and economic development. Different industries are present within the country including the Shareholder System Enterprise, the State Owned and Control Enterprise, and Foreign investment enterprise, which is what our company would attempt to enter into (Hedley, 2015). China has experienced substantial growth as well as rapid economic development over the last two decades, which has witnessed both the GDP and consumer demand grow fast within the country. Despite this substantial growth, the macro environment is unevenly distributed as varying degrees of living standards are present throughout the country with those in major metropolitan cities and those in the countryside experiencing vastly different levels of upward mobility as well as differences existing between eastern coastal areas and central and western areas. Our company’s strategy is to produce the highest amount of productivity with the least amount of expenditures and labor required. This is the strategy in any country, and China is no different. Being socially responsible would...
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...resource, one of the essential element in business. Everythings need human activities. Therefore, a good human resource management can lead to be success. The five-year plan aims in development and gaining competitive advantage over the world. It requires many of tasks and hence many of labor supplies. This provides an business opportunity for a leading company in Human resource management, the ExcelNet, to get involvement for processing these tasks and expand the business over the China. This report will focus on different targets stated in the five-year plan and analysing each targets, providing advices for how to enter the China market by providing human resource services to the China government. Content 1. Introduction 2. Findings and Discussion 3. Recommendation 4. Conclusion 5. Reference 6. Appendices Introduction: The chosen company is ExcelNet, which is a Human Resource consulting firm. It is a leading company in Human Resource Consulting Services and consist of professionals in different sections, providing recruitment, outsourcing, diversified human resource management solutions mainly in Hong Kong and China. The ExcelNet has provided such service to more than 400 clients, it means that the ExcelNet has many experience and skills in the Human Resource Management. It is large enougth for expansion in the China, a huge market with 1.3 billion populations. The ExcelNet has already setup a department in Mainland China and served government departments, public...
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...“International Apparel Planning and Sourcing” Stacy Smith Introduction to Material Handling There are several phases to completing the logistic cycle of international planning and sourcing in the apparel industry. Organizations have a better chance of succeeding when they develop a relationship with a freight forwarder, establish manufacturing facilities, create a design cycle, and maintain a level of customer service. It’s a very complicated process and the company is always forecasting what they want to be doing next year at this time. The first step in logistic planning is to develop a relationship with a freight forwarding company like Ceva, Expeditor’s, or UPS. It is a very important decision choosing which company one should partner with to move your freight. We’re talking international freight from the Eastern Hemisphere which is where most of the manufacturing is being done. An organization can set it up for any hemisphere, but that is where most goods are manufactured. This is the Asian block – China, India, Vietnam, Korea and Japan. Different freight forwarders will have shipping lanes they manage and where they’ve partnered with airlines, like Korean or British Airways, American Airlines rates are set based on the current cost of fuel surcharges, generally charged by weight and box size. Organizations have to determine an optimal box size to use when going to the air. Freight forwarders exist because they bring many customers together; shipping freight...
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...74 5.1. Internal Audit……………………………………………………..….74 5.2. Financial Audit………………………………………………………82 5.3. Production and Operation Audit…………………………………..…90 5.4. R&D Audit………………………………………………………..….96 5.5. 7S framework…………………………………………………….......97 5.6. Internal Factor Evaluation (IFE) Matrix…………………………....107 5.7. Strategic Issues based on Internal Factors……………………….…108 6. Strategy Formulation…………………………………………110 6.1. Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix...….110 6.2. Strategic Position and Action Evaluation (SPACE) Matrix……......113 6.3. Internal-External (IE) Matrix……………………………………....117 6.4. Grand Strategy Matrix………………………………………….….121 6.5. Summary of strategies…………………………………………......122 6.5.1. Quantitative Strategic Planning Matrix (QSPM)…………….122 7. Strategic objectives and recommended strategies………….128 7.1. Strategic...
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