BlaBlaCar is currently at stage 4 of international marketing, taking a geocentric strategic orientation. To improve for the Lithuanian market, the summary imagines a hero named Dasha-puteshestvennitsa. Poland is identified as the best potential new market due to its economic and cultural similarities to Lithuania. To succeed in Poland, BlaBlaCar should understand microtrends through netnography, Trend Hunter, and technology timelines to develop culturally-sensitive offerings. Accounting for Hofstede's dimensions, BlaBlaCar should adapt its individualism, power distance, and masculinity to Polish norms. Brand extensions and a licensing entry strategy are recommended.
BlaBlaCar is currently at stage 4 of international marketing, taking a geocentric strategic orientation. To improve for the Lithuanian market, the summary imagines a hero named Dasha-puteshestvennitsa. Poland is identified as the best potential new market due to its economic and cultural similarities to Lithuania. To succeed in Poland, BlaBlaCar should understand microtrends through netnography, Trend Hunter, and technology timelines to develop culturally-sensitive offerings. Accounting for Hofstede's dimensions, BlaBlaCar should adapt its individualism, power distance, and masculinity to Polish norms. Brand extensions and a licensing entry strategy are recommended.
BlaBlaCar is currently at stage 4 of international marketing, taking a geocentric strategic orientation. To improve for the Lithuanian market, the summary imagines a hero named Dasha-puteshestvennitsa. Poland is identified as the best potential new market due to its economic and cultural similarities to Lithuania. To succeed in Poland, BlaBlaCar should understand microtrends through netnography, Trend Hunter, and technology timelines to develop culturally-sensitive offerings. Accounting for Hofstede's dimensions, BlaBlaCar should adapt its individualism, power distance, and masculinity to Polish norms. Brand extensions and a licensing entry strategy are recommended.
• 1. Identify the stage of international marketing (5 stage model) at which your brand currently is. • Modern marketing • Stage 4: International Marketing – Fully committed and involved in international marketing – Planned productions for various foreign markets – Production of goods in foreign markets as well • 2. Map the above stage to the strategic orientation of your brand • III. Regio/Geocentric • Idea: The whole world is just one single market. Approach: Global Marketing • Strategy: Uniform marketing for everywhere. 4Ps are standardized for all foreign markets. Efficiencies of scale are encouraged. Section 2: Selection of Foreign Market for Operation • 1. Improve the product of your brand by applying the 5C model of clues (add at least 2Cs). Try to be as creative as possible! • Clue, create an imaginary hero, like Dasha-puteshestvennitsa • 2. Identify the country (only one) that would be the best market for the improved version of your product. Pay specific attention to economic, socio-cultural, political, and legal factors in choosing that country. Section 3: Lifestyle of international Consumers I (Global Micro Trends) • 1. Develop 3 ideas to improve the success chances of your brand in its new foreign market by understanding the current and future microtrends of this market: – Develop 1 idea by doing netnography – Develop 1 idea by consulting Trend Hunter – Develop 1 idea by consulting Trends & Technology Timeline Section 4: Lifestyle of international Consumers II (Global Macro Trends) • 1. Using Hofstede’s model, how do you think your brand should adapt its offer to better satisfy customers’ needs in its new foreign market? What elements should it change exactly? Please provide 3 detailed ideas. Section 5: Brand Extension & Foreign Market Entry Strategies • 1. What are the possible ways for your brand to do extensions in its new foreign market? Provide one clear solution (idea + prototype) for each of the 4 brand extension strategies. • 2. What entry strategy would you recommend to your brand for entering its new foreign market? Why?