There must be differences between the companies operating in different countries. Coca-Cola, a U.S.-based company, has over 80 percent of its profits coming from outside the United States. • Lower marketing and advertising costs as a result of reductions in planning and control. Advantages of International Marketing Higher Sales. If you currently have a global demand or can create one for your product or service, it may be worthwhile to consider a global marketing strategy. Strategy is a plan of action designed to achieve the goals of a business. Tuberculosis, certain influenza strains, and other communicable disease could produce outbreaks at epidemic levels. This helps a business be able to recruit locally, negotiate better deals with distributors, and create media contacts that will help continue the marketing … It provides access to wider market globally through which business connects with large number of customers. For example, when a target market is selected (e.g., France), the market mix comprising of price, package, and promotion, that is already in place must be evaluated to determine what parts can be standardized and what parts must be adapted to meet the target overseas market … 2.2 Advantages and disadvantages. If global travel restricts eased, then issues with malaria and tropical disease could spread to portions of the world where exposures are minimal. 6. Economies of scale in production and distribution; Lower marketing costs; Power and scope; Consistency in brand image; Ability to leverage good ideas quickly and efficiently; Uniformity of marketing practices; Helps to establish relationships outside of the "political arena" 726 Words 3 Pages. For small and large multi-national companies, there are many advantages and disadvantages of becoming a global business.
Anyone from the comfort of their home computer can start a legitimate global business. MM Co. has adopted few strategies in operating its business. Plan carefully to ensure the advantages and benefits outweigh the disadvantages and risks. Global marketing Advantages and Disadvantages. Provide details of the virtual showcase on websites with online catalogs. A global marketing strategy and advertising program offer certain advantages to a company, including the following: • Economies of scale in production and distribution. Technology allows businesses to be global operations, and even the smallest business can have clients in every time zone. • … Once you begin to license your intellectual properties and products, you are exposing yourself to higher levels of exposure. International marketing helps business in enhancing their sales by presenting them at international level. The more detailed the objective, the clearer and more focused the global marketing strategy becomes. Investing the time and effort prior to global marketing launches ensures that any money spent on the actual marketing campaign is worth the effort, and helps companies avoid costly mistakes. Take a look at the following advantages and disadvantages of global marketing. A growing international presence will therefore also make it easier in the future to continue expansion opportunities because of the increased brand recognition. Instead of giving some clues here and there are some indications, and these concepts should be interpreted to do more justice to this subject. What Are The Advantages And Disadvantages Of Global Market Strategy. Advantages & Disadvantages of a Global Strategy. , a U.S.-based company, has over 80 percent of its profits from., you are exposing yourself to higher levels of exposure and control Anyone. International presence will therefore also make it easier in the future to continue expansion because! 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