The EzyEducation website uses cookies to help ensure we give you the best experience.
If you continue without changing your settings, we assume that you are happy to receive all cookies on the EzyEducation website.
Please refer to our Privacy and Cookies Statement to

find out more.

Continue

Business Studies Year 13 revision Day 29 - Global Marketing

Business Studies Year 13 revision Day 29 - Global Marketing

On day 29 of the Year 13 Recap we discuss why and how a firm can change its marketing strategy to aid the effectiveness of international expansion into unknown markets.

When a business expands internationally into a new market the focus is placed on the benefits that this will generate for that firm. However, there are lots of examples of firms in the past that have tried to be too ambitious too quickly and have had to retrench shortly after expansion due to the failings of the move.

This is because often firms try to expand into a different market applying the same business model in their domestic market. However, there are huge cultural divides and preference differences between a firm’s domestic customer base and an international one. Therefore, a business needs to respect the differences between the markets and adjust accordingly to ensure that the expansion has the best chance of succeeding. One aspect of the business model which will need to be adjusted is the marketing department of the business as this reflects how the business can connect with their customers.

Here Jack guides you through the global marketing revision slide:

 

Business Studies Year 13 revision Day 30 - MNCs
Economics Year 13 revision Day 28 - Economic Integ...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 23 January 2019