International Marketing Strategies
43 Questions
4 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

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?

21.3% of the contacted SMEs completed the survey.

What is the definition of international marketing planning as stated in the provided content?

<p>It is a structured process where strategy, objectives, and actions are explicitly defined to address international business complexities.</p> Signup and view all the answers

What impact does responsiveness (EIR) have on export performance according to the findings?

<p>EIR has a direct and significant positive impact on export performance.</p> Signup and view all the answers

List two core components of international marketing planning.

<p>Foreign market screening and defining marketing objectives and entry strategies.</p> Signup and view all the answers

What characterizes export improvisation according to the content?

<p>Spontaneity and creativity in generating innovative ideas.</p> Signup and view all the answers

What relationship was found between the presence of an export department and EMO components?

<p>The presence of an export department is positively related to both Export Intelligence Generation (EIG) and Export Intelligence Dissemination (EID).</p> Signup and view all the answers

How do planning outcomes enhance a business's market performance?

<p>They enable enhanced responsiveness to market conditions and improve economic and customer performance.</p> Signup and view all the answers

Why might years of export experience not significantly impact EMO components?

<p>It is likely due to firms focusing on culturally similar markets which require less extensive intelligence.</p> Signup and view all the answers

What does a disaggregated analysis reveal about EIG, EID, and EIR?

<p>The analysis confirms that EIG and EID indirectly influence export performance by driving responsiveness (EIR).</p> Signup and view all the answers

What are two outcomes of improvisation in an exporting context?

<p>Greater flexibility to handle unforeseen challenges and encouragement of innovation.</p> Signup and view all the answers

Explain the difference between market-driven and market-driving theories.

<p>Market-driven focuses on responding to existing customer needs, while market-driving shapes markets with groundbreaking innovations.</p> Signup and view all the answers

What is the average export intensity of the firms in the study?

<p>The average export intensity is 37%.</p> Signup and view all the answers

Provide an example of a market-driven innovation.

<p>Apple improving its iPhone lineup based on consumer feedback.</p> Signup and view all the answers

What is international marketing?

<p>International marketing is the application of marketing principles across multiple countries, reflecting a market-driven approach that prioritizes customer needs.</p> Signup and view all the answers

Explain the concept of market orientation in the context of international marketing.

<p>Market orientation focuses on understanding and responding to customer needs, competitor strategies, and environmental dynamics.</p> Signup and view all the answers

Why is it important for firms to balance market-driven and market-driving approaches?

<p>To innovate while remaining responsive to market demands and to ensure long-term business success.</p> Signup and view all the answers

What does Export Market Orientation (EMO) encompass?

<p>EMO involves the generation, dissemination, and application of export-related information to enhance performance in international markets.</p> Signup and view all the answers

Identify and explain one key driver of Export Market Orientation.

<p>One key driver is investment in export information acquisition, which enhances a company's ability to understand and respond to market dynamics.</p> Signup and view all the answers

What are some sources of information vital for EMO?

<p>Vital sources of information for EMO include customers for insights on preferences, competitors for understanding strategies, and suppliers for supply chain insights.</p> Signup and view all the answers

How does commitment to the marketing concept influence EMO?

<p>Commitment to the marketing concept fosters a customer-centric approach that enhances a company's adaptability in international markets.</p> Signup and view all the answers

What positive outcomes can arise from effective Export Market Orientation?

<p>Effective EMO can lead to increased sales growth, improved market share, and enhanced understanding of export environments.</p> Signup and view all the answers

Summarize the weekly topics covered in the module on international marketing.

<p>The module covers weekly topics such as international market orientation, decision-making strategies, cultural environment considerations, and global branding.</p> Signup and view all the answers

What are the positive impacts of planning outcomes on economic performance?

<p>Planning outcomes positively impact economic performance by aligning resources and achieving long-term goals.</p> Signup and view all the answers

How can excessive improvisation affect customer performance?

<p>Excessive improvisation can negatively impact customer performance by introducing chaos and reducing structured processes.</p> Signup and view all the answers

In what way does responsiveness serve as a mediator between planning and customer performance?

<p>Responsiveness mediates by enhancing customer performance directly while planning indirectly improves it through increased responsiveness.</p> Signup and view all the answers

What is the impact of spontaneity on the planning-economic performance relationship?

<p>Spontaneity negatively moderates the planning-economic performance relationship, suggesting that excessive spontaneity undermines planning outcomes.</p> Signup and view all the answers

What approach do managers need to adopt regarding planning and improvisation?

<p>Managers should adopt a balanced approach that incorporates both planning and improvisation to avoid risks associated with relying too heavily on either.</p> Signup and view all the answers

How does action orientation influence the planning-responsiveness relationship?

<p>Action orientation positively moderates the planning-responsiveness relationship by ensuring timely and effective execution of decisions.</p> Signup and view all the answers

What role does planning serve in developing strategies according to managerial implications?

<p>Planning serves as a foundation for developing long-term strategies and contingency frameworks.</p> Signup and view all the answers

What marked the significant shift in the study of culture in Hofstede's 1980 research?

<p>The significant shift marked by Hofstede's 1980 research was the quantification of cultural dimensions using IBM employee data.</p> Signup and view all the answers

Name two criticisms of Hofstede's work regarding cultural dimensions.

<p>Two criticisms of Hofstede's work are outdated data and issues with the psychometric reliability of the VSM.</p> Signup and view all the answers

What methodology was used to ensure the reliability and validity of the instruments in the study?

<p>The study employed Cronbach's alpha for scale reliability and conducted Exploratory and Confirmatory Factor Analyses for structural validity.</p> Signup and view all the answers

What is the main focus of the Masculinity-Femininity dimension in Hofstede's framework?

<p>The Masculinity-Femininity dimension focuses on the difference between achievement and relationship orientations within a culture.</p> Signup and view all the answers

What is international marketing agility?

<p>It is the ability to adapt and respond quickly to changing international market conditions while maintaining strategic coherence.</p> Signup and view all the answers

How do planning and improvisation complement each other in international marketing?

<p>Planning provides a structured approach with long-term goals, while improvisation allows for flexibility and responsiveness to immediate market changes.</p> Signup and view all the answers

Give an example of a global company that successfully integrates planning and improvisation.

<p>Apple exemplifies this balance by implementing incremental changes in strategy along with the ability to make radical shifts when needed.</p> Signup and view all the answers

What role does export improvisation play in a firm's success?

<p>Export improvisation aids firms by enhancing their responsiveness and adaptability, which are critical for navigating unpredictable market conditions.</p> Signup and view all the answers

What are the advantages of integrating planning with improvisation?

<p>Advantages include improved responsiveness to market changes and enhanced ability to achieve strategic goals through structured yet flexible approaches.</p> Signup and view all the answers

What are the challenges associated with combining planning and improvisation?

<p>Challenges may involve balancing the need for structure with the necessity for flexibility, leading to potential conflicts in decision-making.</p> Signup and view all the answers

How do decision-making frameworks support export success?

<p>Effective frameworks allow for both pre-defined strategies and the flexibility for ad hoc actions, promoting a balanced approach to decision-making.</p> Signup and view all the answers

Why is it important for exporters to leverage both structured planning and improvisational skills?

<p>Leveraging both skills is vital for thriving in uncertain environments, enabling firms to navigate challenges while pursuing long-term goals.</p> Signup and view all the answers

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.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Related Documents

Quiz 1, 2, 3 PDF

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.

More Like This

International Marketing: Market Selection Process
20 questions
International Marketing Overview
30 questions
International Marketing Strategies
31 questions

International Marketing Strategies

RevolutionaryPhiladelphia7463 avatar
RevolutionaryPhiladelphia7463
International Marketing Strategies
48 questions
Use Quizgecko on...
Browser
Browser