Podcast
Questions and Answers
What does Export Intelligence Responsiveness (EIR) focus on?
What does Export Intelligence Responsiveness (EIR) focus on?
EIR focuses on developing and implementing actions based on the disseminated intelligence.
How is the number of foreign markets related to a firm's export activities?
How is the number of foreign markets related to a firm's export activities?
It reflects the extent of internationalization and influences the need for intelligence generation and dissemination.
What percentage of the contacted Italian coffee roasting SMEs completed the survey?
What percentage of the contacted Italian coffee roasting SMEs completed the survey?
21.3% of the contacted SMEs completed the survey.
What is the definition of international marketing planning as stated in the provided content?
What is the definition of international marketing planning as stated in the provided content?
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What impact does responsiveness (EIR) have on export performance according to the findings?
What impact does responsiveness (EIR) have on export performance according to the findings?
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List two core components of international marketing planning.
List two core components of international marketing planning.
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What characterizes export improvisation according to the content?
What characterizes export improvisation according to the content?
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What relationship was found between the presence of an export department and EMO components?
What relationship was found between the presence of an export department and EMO components?
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How do planning outcomes enhance a business's market performance?
How do planning outcomes enhance a business's market performance?
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Why might years of export experience not significantly impact EMO components?
Why might years of export experience not significantly impact EMO components?
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What does a disaggregated analysis reveal about EIG, EID, and EIR?
What does a disaggregated analysis reveal about EIG, EID, and EIR?
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What are two outcomes of improvisation in an exporting context?
What are two outcomes of improvisation in an exporting context?
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Explain the difference between market-driven and market-driving theories.
Explain the difference between market-driven and market-driving theories.
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What is the average export intensity of the firms in the study?
What is the average export intensity of the firms in the study?
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Provide an example of a market-driven innovation.
Provide an example of a market-driven innovation.
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What is international marketing?
What is international marketing?
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Explain the concept of market orientation in the context of international marketing.
Explain the concept of market orientation in the context of international marketing.
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Why is it important for firms to balance market-driven and market-driving approaches?
Why is it important for firms to balance market-driven and market-driving approaches?
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What does Export Market Orientation (EMO) encompass?
What does Export Market Orientation (EMO) encompass?
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Identify and explain one key driver of Export Market Orientation.
Identify and explain one key driver of Export Market Orientation.
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What are some sources of information vital for EMO?
What are some sources of information vital for EMO?
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How does commitment to the marketing concept influence EMO?
How does commitment to the marketing concept influence EMO?
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What positive outcomes can arise from effective Export Market Orientation?
What positive outcomes can arise from effective Export Market Orientation?
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Summarize the weekly topics covered in the module on international marketing.
Summarize the weekly topics covered in the module on international marketing.
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What are the positive impacts of planning outcomes on economic performance?
What are the positive impacts of planning outcomes on economic performance?
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How can excessive improvisation affect customer performance?
How can excessive improvisation affect customer performance?
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In what way does responsiveness serve as a mediator between planning and customer performance?
In what way does responsiveness serve as a mediator between planning and customer performance?
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What is the impact of spontaneity on the planning-economic performance relationship?
What is the impact of spontaneity on the planning-economic performance relationship?
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What approach do managers need to adopt regarding planning and improvisation?
What approach do managers need to adopt regarding planning and improvisation?
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How does action orientation influence the planning-responsiveness relationship?
How does action orientation influence the planning-responsiveness relationship?
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What role does planning serve in developing strategies according to managerial implications?
What role does planning serve in developing strategies according to managerial implications?
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What marked the significant shift in the study of culture in Hofstede's 1980 research?
What marked the significant shift in the study of culture in Hofstede's 1980 research?
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Name two criticisms of Hofstede's work regarding cultural dimensions.
Name two criticisms of Hofstede's work regarding cultural dimensions.
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What methodology was used to ensure the reliability and validity of the instruments in the study?
What methodology was used to ensure the reliability and validity of the instruments in the study?
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What is the main focus of the Masculinity-Femininity dimension in Hofstede's framework?
What is the main focus of the Masculinity-Femininity dimension in Hofstede's framework?
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What is international marketing agility?
What is international marketing agility?
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How do planning and improvisation complement each other in international marketing?
How do planning and improvisation complement each other in international marketing?
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Give an example of a global company that successfully integrates planning and improvisation.
Give an example of a global company that successfully integrates planning and improvisation.
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What role does export improvisation play in a firm's success?
What role does export improvisation play in a firm's success?
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What are the advantages of integrating planning with improvisation?
What are the advantages of integrating planning with improvisation?
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What are the challenges associated with combining planning and improvisation?
What are the challenges associated with combining planning and improvisation?
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How do decision-making frameworks support export success?
How do decision-making frameworks support export success?
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Why is it important for exporters to leverage both structured planning and improvisational skills?
Why is it important for exporters to leverage both structured planning and improvisational skills?
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Study Notes
International Marketing
- International marketing applies marketing principles across multiple countries, viewing the global market as interconnected but diverse.
- Marketing is a business philosophy and practical implementation, prioritizing customer needs and environmental adaptation.
Market Orientation
- This approach emphasizes understanding customer needs, competitor strategies, and environmental influences to develop effective international marketing strategies.
Export Market Orientation (EMO)
- EMO focuses on generating, disseminating, and applying export-related information to improve international market performance.
- Data sources include customer insights, competitor analysis, supplier considerations, and relevant environmental factors (technological, regulatory, political, legal).
Drivers and Outcomes of EMO
- Key drivers for EMO include commitment to the marketing concept, investment in export information, and cultural/operational adaptability.
- Outcomes include a positive influence on export performance (sales growth and market share).
Module Structure and Assessment
- Weekly topics cover international market orientation, decision-making in international marketing, cultural considerations, and more.
- Assessment includes a compulsory essay question and one optional question (based on lecture content and journal articles like Pascucci et al., 2016).
Theoretical Foundations and Academic Sources
- Key academic sources like Pascucci et al. (2016) and Souchon & Diamantopoulos (1999) are relevant for study.
Sample Exam Questions
- Sample exam questions cover the marketing concept, export market implementation, and the consequences of EMO on export performance.
Export Market Orientation and International Performance in the Context of SMEs
- This study explores the relationship between export market orientation (EMO) and export performance, particularly in the Italian coffee roasting industry.
- It uses a disaggregated approach, studying individual EMO components (EIG, EID, EIR) rather than a combined measure.
- This study analyzes the relationship between EMO components, antecedents to EMO, and export performance in SMEs.
Export Information Acquisition Modes
- This study elaborates on export information acquisition modes, including formal marketing research, export assistance, and market intelligence gathering.
- The study proposes a robust measurement framework for understanding how exporters acquire and utilize market information.
International Marketing Decision-Making
- Strategic decision-making is detailed, covering explicit planning and on-the-spot improvisation for export success.
- This study integrates planning with improvisation to offer a balanced approach to export decision-making in dynamic environments.
Key Concepts and Theories
- International marketing planning is a structured process, with components like internationalization decision-making, market screenings, and cultural analyses.
- Export improvisation is a practical and spontaneous approach that emphasizes creativity, action orientation, and adaptability within international settings.
Culture in International Marketing
- Cultural values and behaviors vary significantly across nations, affecting the application of marketing concepts across international boundaries.
- These differences impact business strategies, consumer preferences and global marketing strategies need to be tailored for this diversity.
- Studies evaluating cultural dimensions, including Hofstede's and Trompenaars' frameworks, provide a foundation for comprehending and adapting marketing strategies to different cultural contexts.
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Description
This quiz explores the principles of international marketing, focusing on market orientation and export market orientation (EMO). Learn how businesses adapt their strategies to diverse global markets by understanding customer needs, competitor strategies, and environmental factors. Test your knowledge on the drivers and outcomes of effective international marketing.