Global marketing allows companies to survive by entering foreign markets where competitors have lower costs and better products. It involves activities outside a company's home market. There are various ways for companies to expand globally using a product/market growth matrix. Global marketing requires recognizing or creating a competitive advantage and overcoming barriers like management myopia and national controls. Understanding the political, economic, and social dimensions of different marketing environments is important for success in global markets. Marketing information systems are valuable tools that help organizations make strategic decisions using internal and external data to adapt to rapidly changing global conditions.
Global marketing allows companies to survive by entering foreign markets where competitors have lower costs and better products. It involves activities outside a company's home market. There are various ways for companies to expand globally using a product/market growth matrix. Global marketing requires recognizing or creating a competitive advantage and overcoming barriers like management myopia and national controls. Understanding the political, economic, and social dimensions of different marketing environments is important for success in global markets. Marketing information systems are valuable tools that help organizations make strategic decisions using internal and external data to adapt to rapidly changing global conditions.
Global marketing allows companies to survive by entering foreign markets where competitors have lower costs and better products. It involves activities outside a company's home market. There are various ways for companies to expand globally using a product/market growth matrix. Global marketing requires recognizing or creating a competitive advantage and overcoming barriers like management myopia and national controls. Understanding the political, economic, and social dimensions of different marketing environments is important for success in global markets. Marketing information systems are valuable tools that help organizations make strategic decisions using internal and external data to adapt to rapidly changing global conditions.
Universitas Al-Azhar Indonesia Introduction to Globalization ■ Globalization could be said as “the journey”, where the spreads happened to other countries (expand) ■ Globalization has three dimensions are Political, Economic and Social ■ Happen for globalization must face the advantages and disadvantages that need to be research first and learn to success going global goals ■ Adoption of global entrepreneur mindset could help to minimize the risk of globalization negative returns Global Marketing Today companies go global to survive as competitors will enter the home market with lower costs, more experience and better products. Marketing: “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large” Global Marketing: The scope of activities outside the home market ■ Ways of mapping for a company to expand globally by using product/market growth matrix ■ Global marketing only could be cultivated by created or recognized a competitive advantage ■ Barrier in going Global : Management myopia, organizational culture, national controls, opposition to global Global Marketing Environment
■ The nature of the
marketing environment and it is important to marketers to understand them as they could be the factors affecting marketing Global Marketing Opportunities ■ Kombinasi konstruktif dari lingkungan, lokasi, atau timing yang menawarkan prospek untuk exporting, investing, sourcing, atau kemitraan pada pasar luar negeri. ■ An industry is Global if there is some competitive advantage to integrating activities on a worldwide basis ■ Dalam pemasaran global, rantai nilai biasa disebut rantai nilai global (Global Value Chain) hal ini di gambarkan berbagai aktivitas yang dilakukan untuk membawa produk atau layanan dari konsepsinya ke penggunaan akhir dan bagaimana aktivitas ini didistribusikan atas ruang geografis dan melintas batasbatas internasional. Marketing Information System
■ Marketing information system is valuable resources for organizations nowadays since
the competition in the market getting higher and higher, then the reality need to faced is the rapid changing of environment. ■ The complexities of marketing environments often require manager to develop plans and make tactical decisions based a wide variety of internal and external data sources and use complex analytical procedures. ■ MKIS help organization to grow and expand product lines, market and distribution channels also make it easier as a tool to formal analytical tools for rapid data increment. ■ MKIS allows marketing managers to make the best use of available data in a timely and efficient manner, so the decision made could be measured.