Describe the (any) modifications you would make to the 4 Ps in order to adapt to the new target market and why you would do so.

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Describe the (any) modifications you would make to the 4 Ps in order to adapt to the new target market and why you would do so.

Question Description

This project is intended to enhance your understanding of global marketing through preparing a global marketing entry plan.

Background:

You should pretend to be a firm (either one already existing in the US, or one that you choose to invent as a

group). Your firm has decided to enter a new country that it does not already do business in. Further your firm

has decided to enter with all (or fewer, can be as few as one) products from the current product portfolio. You

have to write a Global Marketing Entry Plan for a target market in the country you have chosen to enter into.

How to:

Read chapter 12 (especially Exhibit 12.1 on page 356) on Global Marketing Management thoroughly.

Concentrate on the sections called “Planning Process”.

Your paper will consist of a full report based on the Phases (concentrate on phases1-3) in developing the Global

Marketing Entry Plan for your firm. You will have to make decisions on many aspects of the global entry as a

group (e.g. country of choice, target markets, product portfolio for entry, budgets, the 4Ps of the Marketing mix,

leadership/management style, personnel, cultural adjustments, and ethical considerations). Further, you will also

have to justify your choices within the context of the information you possess.

Examples of marketing plans are available in your text, on the web and in the library in many other marketing

textbooks. There is an additional working example in your MKT 301 textbook (the prerequisite for this course).

Use any of those plans as a template. Just remember that you are introducing this product internationally and

not in the US. Research the country of your choice thoroughly. Do not leave any stone unturned in

understanding the country and its geography, culture, people, demographic variables, history, mythology,

habits, art, religions, family and social structures, foods, competitors, political structure, legal structure and any

other variable that you think is important and might impact your entry into that market adversely.

Specifics:

Page length 12-15 pages (all inclusive), double spaced

Provide full descriptions of all the decisions you make. For example, if you choose only one product line

(e.g. shampoo) as your entry product, describe the line (including fragrances, sizes, shapes, forms etc.)

in your report. Pictures will help.

Justifications have to be provided for all your decisions. For example, if you choose to enter via strategic

alliances, explain why, and briefly remark on why other forms of entry (e.g. exporting, franchising, and

joint ventures) would not work. Similarly tell me why you chose your country (e.g. Japan) and why not

other similar countries.

Describe the (any) modifications you would make to the 4 Ps in order to adapt to the new target market

and why you would do so.

Make reasonable assumptions for budgets and expected sales.

Dates:

Written paper due on by 11:59pm on December 10

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(no emails accepted).