Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

MBA630 Discussion: Competing in the Global and Domestic Marketplace

MBA630 Discussion: Competing in the Global and Domestic Marketplace

Competing in the Global and Domestic Marketplace
There are numerous considerations that companies face when they market their brands globally. Advances in communication, transportation, and other technologies have made the world a much smaller place. Today, almost every firm, large or small, faces international marketing issues. All will have to answer some basic questions when considering globalization; what market position should we try to establish in our country, in our region, and globally? Who will our global competitors be and what are their strategies and resources?  Where should we produce or source our products? What alliances should we form with other firms around the world?
In addition to these considerations, and in our data driven business environment, importance is placed on how companies develop and manage information about important market­place elements.  Marketing research initiatives are designed to assess the firms marketing information needs, develop the needed information, and help managers to use the information to gain actionable customer and market insights. Simply put, marketers need limited amounts of the right data at any given time to make these decisions.
Mary Kay: Building a Brand in India
This case describes the market entry into India by Mary Kay, Inc.  At the time of the case, Mary Kay, Inc. was one of the largest direct sellers of skin care and color cosmetics in the world.  The companys brands are sold in more than 35 markets on five continents.
The video supplement provides you with an opportunity to explore different aspects of its global operations in the context of the entry into India.  Specifically, you are asked to: (1) define what type of global company it is; (2) describe the global market-entry strategy used by the company to enter India; and (3) decide whether or not Mary Kay is a global brand.
This case addresses global marketing organizations, global market entry strategies, and global branding. You should consider the companys expansion plans not only into India, but the entire region of Asia and other international markets.
Sources
Kerin, R. A. & Hartley, S. W. (2017). Marketing. (13th ed.). New York, New York: McGraw-Hill Education.

 
Directions
Initial Post
Review the following information about Mary Kays global expansion of the brand:
Background on Mary Kay

Read the video case in the textbook on pages 199-202.
Watch the Mary Kay video (Links to an external site.)

Sources

Read the following online websites and articles

Explore Mary Kays global branding campaign Discover What You Love (Links to an external site.)
Explore Mary Kays marketing success over its 50 year history: Fifty and Fabulous”Mary Kay Continues to Experience Record-Breaking Growth During Golden Anniversary Year (Links to an external site.), Marketwired, July 25, 2013

Based on the information provided above as well as internet research, put yourself in the position of a marketing consultant brought in to Mary Kay to formulate a set of well-developed and supported recommendations for expanding the brand into various international markets. You will be presenting your recommendations to the companys senior leadership team. Your recommendations should be based on a critical evaluation of the effectiveness of its prior marketing strategies. The recommendations should be logically presented, well-supported, and thoroughly vetted. 
IMPORTANT! Your grade for each weekly thread discussion will be determined by your analytical, integrative, problem-solving and critical thinking skills demonstrated by your posts and by your positive responses to the posts of your classmates. There is no minimum or maximum in terms of the word count; however, the response should explicitly address all required components of this discussion assignment. Your response should integrate external resources, which should be consistent with APA writing style and format (7th edition) and reflect higher level cognitive processing (analysis, synthesis and or evaluation).  
  
From the Teacher:
Consumer markets are incredibly diverse; often mere segmentation is not definitive enough to effectively gain market share or to serve a market completely.  The United States, or North America for that matter, is difficult to define; the European market, with the many diverse cultures making up any country’s resident profiles is even more complex. Other markets are becoming increasingly challenging and complex.
Cultural values are of utmost importance (different from customer value), as they define the boundaries or norms as to what is desirable.
There are key questions that companies must ask when considering a foreign market:
1) Is the geographic area homogeneous or heterogeneous regarding culture? (it’s often a question of how heterogeneous the particular culture is; very rarely is there a homogeneous culture).
2) What needs does this product fill in this culture?
3) Can enough people afford the product?
4) What values are relevant to the purchase and use of the product
5) What are the distribution, political and legal structures for the product  (this is often a very challenging analysis)
6) How can the product be communicated?
7) What are the ethical implications for marketing the product in a particular country?
This website may be of interest: http://globaledge.msu.edu/ (Links to an external site.)  (Links to an external site.)
Consider these aspects as you address the discussion question and your proposed strategies.

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Nurse Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Nurse Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Nurse Papers is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Nurse Papers , we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.