Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management
Unit 1 - Introduction To Business Management
Unit 2 - Human Resource Management
Unit 2 - Human Resource Management
Unit 3 - Finance & accounts
Unit 3 - Finance & accounts
Unit 4 - Marketing
Unit 4 - Marketing
Unit 5 - Operations management
Unit 5 - Operations management
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 4 - Marketing
Business Management HL
Business Management HL

Unit 4 - Marketing

Unleash The Power Of International Marketing A Quick Guide To Success

Word Count Emoji
641 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

๐Ÿš€ What is international marketing?

  • Definition: It's like marketing's version of a world tour! International marketing involves promoting goods and services from one country to another.
  • Flexibility: Ever heard of "When in Rome, do as the Romans do?" International marketing allows businesses to tweak and change their strategies depending on where they're marketing. So, a McDonald's burger in India might be spicy, while it's cheesy in America!
  • Why is it soaring? The big G - Globalization. Thanks to the world becoming more interconnected, businesses are reaching out more than ever to customers in different countries.

Real-world Example: Netflix modifies its content based on regions. So, while you're binging your favorite drama in the USA, someone in South Korea might be enjoying a different lineup tailored just for them!

๐ŸŒ How to step into the international scene? modes of entry

  • Internet: Like how you shop online, businesses can set up online stores or platforms. Amazon, for instance, sells globally!
  • Exporting: Think of this as the international version of shipping. Instead of sending a gift to your cousin, businesses send products to foreign buyers.
  • Direct Investment: It’s like buying a holiday home, but for business! Companies invest directly in properties or businesses in another country.
  • Joint Ventures: Two heads (or companies) are better than one! Companies team up to work on a project together.
  • International Franchising: It’s like cloning your business in another country. McDonald's, anyone? They don’t have to start from scratch – they use the brand and processes of the main company.

๐ŸŽ‰ The sunny side - opportunities of international marketing

  • Bigger Audience: Imagine having fans not just in your hometown but all over the world. Bigger market = more sales.
  • Diversification: Don't put all your eggs in one basket! If one market faces issues, another can still thrive.
  • Sparkly Brand Image: Being international often makes a brand look elite and global.
  • Economies of Scale: As you produce more, costs per unit might drop. It’s like buying candy in bulk—it gets cheaper!
  • New Friendships: Okay, not exactly friendships. But, new business partnerships and relationships form, which can be gold!

Real-world Example: Apple sells its iPhones everywhere, from the US to Japan. This global presence not only boosts their sales but also establishes them as a top-tier global brand.

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IB Resources
Unit 4 - Marketing
Business Management HL
Business Management HL

Unit 4 - Marketing

Unleash The Power Of International Marketing A Quick Guide To Success

Word Count Emoji
641 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 14th Jun 2024

Table of content

๐Ÿš€ What is international marketing?

  • Definition: It's like marketing's version of a world tour! International marketing involves promoting goods and services from one country to another.
  • Flexibility: Ever heard of "When in Rome, do as the Romans do?" International marketing allows businesses to tweak and change their strategies depending on where they're marketing. So, a McDonald's burger in India might be spicy, while it's cheesy in America!
  • Why is it soaring? The big G - Globalization. Thanks to the world becoming more interconnected, businesses are reaching out more than ever to customers in different countries.

Real-world Example: Netflix modifies its content based on regions. So, while you're binging your favorite drama in the USA, someone in South Korea might be enjoying a different lineup tailored just for them!

๐ŸŒ How to step into the international scene? modes of entry

  • Internet: Like how you shop online, businesses can set up online stores or platforms. Amazon, for instance, sells globally!
  • Exporting: Think of this as the international version of shipping. Instead of sending a gift to your cousin, businesses send products to foreign buyers.
  • Direct Investment: It’s like buying a holiday home, but for business! Companies invest directly in properties or businesses in another country.
  • Joint Ventures: Two heads (or companies) are better than one! Companies team up to work on a project together.
  • International Franchising: It’s like cloning your business in another country. McDonald's, anyone? They don’t have to start from scratch – they use the brand and processes of the main company.

๐ŸŽ‰ The sunny side - opportunities of international marketing

  • Bigger Audience: Imagine having fans not just in your hometown but all over the world. Bigger market = more sales.
  • Diversification: Don't put all your eggs in one basket! If one market faces issues, another can still thrive.
  • Sparkly Brand Image: Being international often makes a brand look elite and global.
  • Economies of Scale: As you produce more, costs per unit might drop. It’s like buying candy in bulk—it gets cheaper!
  • New Friendships: Okay, not exactly friendships. But, new business partnerships and relationships form, which can be gold!

Real-world Example: Apple sells its iPhones everywhere, from the US to Japan. This global presence not only boosts their sales but also establishes them as a top-tier global brand.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ