Assume the role of an international marketing consultant to a client company of your choice in your domiciled country which is considering expanding into one of the 9 big emerging markets. The nine largest emerging markets by GDP are Brazil, Russia, India, China, South Korea, Mexico, Indonesia, Turkey, and Saudi Arabia.
You are to write a report to the marketing management of your chosen company on the main factors you think they need to address.
Please use PADINI HOLDINGS BERHAD (MALAYSIA) to enter market in SOUTH KOREA
In particular you must address the following factors:-
- Critically discuss some of the possible added difficulties and complexities your client international marketing firm might face when attempting to research the market for a product or service of your choice in one of the big emerging markets (BEMs). Explain how your client company could attempt to overcome the problems and complexities identified. Use specific examples to support the key points discussed.
[There are many potential problems to discuss and students are unlikely to identify or address them all in the time available. However a good range of potential problems and additional complexities should be used to illustrate the point. (800 words) – 20 marks
- Justify the use, importance and expense of a multinational marketing information system (MMIS) to marketing management. Explain the component parts of such a system and the type of information you would consider important to include in such a system. Use a systems diagram or figure to illustrate the points made.
[Students should discuss the fact that as firms become more established and their information needs shift from those necessary to make initial market investment decisions to those necessary for continuous operation, there is growing demand for continuous sources of data both at the country operational level and at the worldwide corporate level. (800 words) – 20 marks
- Critically examine the main factors your client international marketing firm would have to take into account when planning pricing decisions within your chosen BEM.
[The factors influencing the international pricing decision of firms are often legion and it is not expected that students will address every possibility. The question asks for the main factors to be critically examined and discussed. (800 words) – 20 marks
- Critically discuss the possible differences and likely additional complexities in integrated marketing communications strategy when your organisation begins operations in your chosen big emerging market.
[Good candidates are likely to use a schematic framework to discuss the international communication process, which has been covered in the lectures and given coverage in the standard text. A model of the international communication process may also be used showing the principle of encoding messages in one country that are likely to be decoded globally and some of the problems inherent in this process along with their possible solutions. (800 words) – 20 marks
- Critically examine under what circumstances might your international marketing firm consider using joint ventures to exploit business opportunities within the selected big emerging market (BEM)?
[Students should be aware that joint ventures are only one option open to international companies wanting to operate overseas. They represent a higher level of involvement and commitment than say exporting or the use of agents and distributors but not so much involvement, commitment and risk as a wholly owned subsidiary company and other form of total direct investment. They are also a means of reducing the risk involved in international marketing by sharing them with another organisation, often one from the overseas country in question. (800 words) – 20 marks
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|·||The submission of your work assessment should be organized and clearly structured in a report format.|
|·||Maximum word length allowed is 4000 words, excluding words in charts & tables and in the appendixes section of your assignment.|
|·||This assignment is worth 100% of the final assessment of the module.|
|·||Student is required to submit a type-written document in Microsoft Word format with Times New Roman font type, size 12 and line spacing 1.5.|
|·||Indicate the sources of information and literature review by including all the necessary citations and references adopting the Harvard Referencing System.
Students who have been found to have committed acts of Plagiarism are automatically considered to have failed the entire module. If found to have breached the regulation for the second time, you will be asked to leave the course.
|·||Plagiarism involves taking someone else’s words, thoughts, ideas or essays from online essay banks and trying to pass them off as your own. It is a form of cheating which is taken very seriously.
Table of Contents
|MARK||29 or less||30 – 39||40 – 49||50 – 59||60 – 69||
Has the question been answered?
|Vague, random, unrelated material||Some mention of the issue, but a collection of disparate points||Barely answers the question – just reproduces what knows about the topic||Some looseness/
|Well focused||Highly focused|
Is there evidence of having read widely
and use of appropriate and up to date material to make a case?
|No evidence of reading.
No use of theory – not even hinted at implicitly.
|No evidence of reading.
An implicit hint at some knowledge of theory, etc.
|No evidence of reading. Very basic theories mentioned but not developed or well used.||Some reading evident, but confined to core texts.||Good reading.
Good range of theories included.
Well chosen theories.
UNDERSTANDING & SYNTHESIS
Are ideas summarized rather than being reproduced, and are they inter-related with other ideas?
|No theory included.||Vague assertions/poor explanations.||Long winded descriptions of theory.
|Some long winded sections.
Some quotations but stand-alone.
Some inter- connections.
|Good summary of theory.
Good use of quotations that flow with narrative.
|Succinct, effective summaries of theory. Excellent choice and threading of quotations into argument. Good counterpoising of a range of perspectives.|
Does it show appropriate use of theory in a
|Few examples||Uneven examples||Good examples||Excellent range of examples.|
Does it identify the key issues, etc in a given scenario, proposal or argument?
|Vague assertions about issues.||Largely descriptive with no identification and analysis of central issues.||Limited insight into issues.||Some good observations.||Good, detailed analysis.||Comprehensive range of issues identified and discussed fully.|
EVALUATION & CONCLUSION
Does it critically assess material?
Are there workable and imaginative solutions?
|No evaluation.||Uncritical acceptance of material.||Some evaluation but weak. Little insight.||Good interpretation. Some but limited sophistication in argument.
|Good critical assessment. Independent thought displayed.||Full critical assessment and substantial individual insight.|
Thorough and accurate citation and referencing
|No referencing||No referencing||Limited/poor referencing||Some inconsistencies in referencing
|Appropriate referencing||Appropriate referencing|
Logical and coherent structure to argument and effective presentation
|No structure apparent.
|Acceptable, but uneven structure.
Well presented material.
Very effective presentation format.
Notes on Plagiarism & Harvard Referencing
Plagiarism is passing off the work of others as your own. This constitutes academic theft and is a serious matter which is penalized in assignment marking.
Plagiarism is the submission of an item of assessment containing elements of work produced by another person(s) in such a way that it could be assumed to be the student’s own work. Examples of plagiarism are:
|·||the verbatim copying of another person’s work without acknowledgement|
|·||the close paraphrasing of another person’s work by simply changing a few words or altering the order of presentation without acknowledgement|
|·||the unacknowledged quotation of phrases from another person’s work and/or the presentation of another person’s idea(s) as one’s own.
It also includes self-plagiarism’ (which occurs where, for example, you submit work that you have presented for assessment on a previous occasion). And the submission of material from ‘essay banks’ (even if the authors of such material appear to be giving you permission to use it in this way)
Copying or close paraphrasing with occasional acknowledgement of the source may also be deemed to be plagiarism is the absence of quotation marks implies that the phraseology is the student’s own.
Plagiarised work may belong to another student or be from a published source such as a book, report, journal or material available on the internet.
Additional Examples of plagiarism include:
- directly copying from written work, physical work, performances, recorded work or images, without saying where this is from;
- using information from the internet or electronic media (such as DVDs and CDs) which belongs to someone else, and presenting it as your own;
- rewording someone else’s work, without referencing them; and
- handing in something for assessment which has been produced by another student or person.
It is important that you do not plagiarise – intentionally or unintentionally – because the work of others and their ideas are their own. There are benefits to producing original ideas in terms of awards, prizes, qualifications, reputation and so on. To use someone else’s work, words, images, ideas or discoveries is a form of theft.
Collusion is similar to plagiarism as it is an attempt to present another’s work as your own. In plagiarism the original owner of the work is not aware you are using it, in collusion two or more people may be involved in trying to produce one piece of work to benefit one individual, or plagiarising another person’s work.
Examples of collusion include:
- agreeing with others to cheat;
- getting someone else to produce part or all of your work;
- copying the work of another person (with their permission);
- submitting work from essay banks;
- paying someone to produce work for you; and
- Allowing another student to copy your own work.
The structure of a citation under the Harvard referencing system is the author’s surname, year of publication, and page number or range, in parentheses, as illustrated in the Smith example near the top of this article.
|·||The page number or page range is omitted if the entire work is cited. The author’s surname is omitted if it appears in the text. Thus we may say : “Jones (2001) revolutionized the field of trauma surgery.”|
|·||Two or three authors are cited using “and” or “&” : (Deane, Smith, and Jones, 1991) or (Deane, Smith & Jones, 1991). More than three authors are cited using et al. (Deane et al. 1992).|
|·||An unknown date is cited as no date (Deane n.d.). A reference to a reprint is cited with the original publication date in square brackets (Marx  1967, p. 90).|
|·||If an author published two books in 2005, the year of the first (in the alphabetic order of the references) is cited and referenced as 2005a, the second as 2005b.|
|·||A citation is placed wherever appropriate in or after the sentence. If it is at the end of a sentence, it is placed before the period, but a citation for an entire block quote immediately follows the period at the end of the block since the citation is not an actual part of the quotation itself.|
|·||Complete citations are provided in alphabetical order in a section following the text, usually designated as “Works cited” or “References”. The difference between a “works cited” or “references” list and a bibliography is that a bibliography may include works not directly cited in the text.|
|·||All citations are in the same font as the main text.|
Examples of book references are :
|·||Smith, J. (2005a). Dutch Citing Practices. The Hague: Holland Research Foundation.|
|·||Smith, J. (2005b). Harvard Referencing. London: Jolly Good Publishing.|
In giving the city of publication, an internationally well-known city (such as London, The Hague, or New York) is referenced as the city alone. If the city is not internationally well known, the country (or state and country if in the U.S.) are given.
An example of a journal reference:
|·||Smith, John Maynard. “The origin of altruism,” Nature 393, 1998, pp. 639-40.|
An example of a journal reference:
|·||Bowcott, Owen. “Street Protest”, The Guardian, October 18, 2005, accessed February 7, 2006.|
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