Marketing
Global and domestic marketing has expanded very rapidly during the last half of the 20th century. Nowadays, in a climate of low economic growth, many industries much more see international markets as a potential vehicle for profit growth. Global and domestic marketing is becoming of ever-greater importance to more and more companies and organizations around the world. However, global and domestic marketing is complex because overseas markets are usually different in significant ways from the home market and because it is more difficult for managers to understand and learn about markets in other countries. How to plan a successful global and domestic marketing plan? One way is to become more aware of external environmental factors that are present in global marketing. Such factors as political, cultural, and business ethics should be analyzed companies when formulating a global marketing strategy. An effective marketing strategy will help businesses determine the basis for all of their marketing efforts and provide them with a blueprint for accomplishing them goals and objectives. In this paper, I analyze these environmental factors and give brief examples on how they can affect a global and domestic marketing plan.
Ethics view is essentially about the definition of what is right and wrong. However, it is difficult to get agreement about just what is right and wrong. Culture has a great effect in defining ethics, and what is considered unethical in one society may be considered perfectly acceptable in another. In western societies, ethical considerations confront marketers on many occasions. For example, should a business person try to bribe a company’s buyer? (not accepted in most western countries, but commonplace in some parts of the world). Society is becoming increasingly concerned about the ethical values adopted by its commercial organizations. With expanding media availability and an increasingly intelligent audience, it is getting easier to expose examples of unethical business practice. Firms are responding to increasing levels of ethical awareness by customers. The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small political factors of the country it is located in will have an impact on it. And the most crucial & unavoidable realities of international business are that both host and home governments a
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Approximate Word count = 861
Approximate Pages = 3 (250 words per page double spaced)
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