Drivers of International Marketing

Question: Task The first assessment is designed to help ensure you have two key skills you will need throughout this subject: (1) applying theory to real world situations and (2) referencing. If you can do both these things well, many of the issues associated with preparing and producing work for this subject will be reduced. We have provided three resources for you to use to help you with Assessment One. Even if you feel very confident about your researching and referencing skills, please go to each resource before you begin the assessment as you will need to use them to complete the task. Access the following in your Resources folder on Interact: o Online research using Google Scholar o Finding sources using Primo Search o Referencing using APA style o How to apply theory to practice Then, select either an Australian or overseas country based organisation with which you are familiar. This may be where you work, where a friend or family member works, or a well-known organisation in which you would like to work. Using the drivers of international marketing from Topic 01 (Ch1, p.8-9), explain for the management of this organisation why they need to expand their involvement with international marketing. Use theory and real world examples to illustrate your points. Drivers: o Market needs o Technology o Cost scale o Government o Communication Answer: Introduction The drivers of international marketing are influenced both by external and internal factors. Broadly, these factors can be divided into market needs, technology, cost scale, government as well as communication (Czinkota Ronkainen, 2013). Brief Review of the Organization The organization considered in evaluating these factors on the global platform of international expansion is Woolworths Limited, Australia. Woolworths Limited mainly deals in its subsidiaries and the subsidiary that will be evaluated here is Woolworths Supermarkets. Woolworths Supermarkets is only operating in Australia and outsourcing its 96% fresh produce (Woolworths Limited, 2016). The supermarket has been acting as a duopoly with Coles and desires to extend its supermarkets chain of fresh produce in New York, United States. The drivers that needs to be considered are given as following. Market Needs Woolworths Supermarkets in Australia has multi-channel retailing, which needs to be extended further in international marketing. The supermarket chain has unique as well as profitable business. However, the retail chain needs to improve while meeting the needs and preferences of the customers. Nevertheless, Woolworths has been meeting the demand of customers by giving unbeatable value to fresh food because there has been a drift to healthier foods. It opts to take fresh market share leadership towards the level of grocery through quality, experienced supply chain management from the farm to the consumer, better merchandising and presentation (Woolworths Limited, 2012). As this retail chain is based on customer led choice, it will provide new categories across the stores in the international market Technology The best practices and processes in technology will be adopted that will provide true knowledge to the customers. Moreover, with the help of online portal, it will deliver fresh food products from Woolworths supermarkets to customers in small span of time. Overall, it promotes to practice, fresh food delivery by ordering online. Cost- Scale The cost scale can be based on the mode of entry strategy applied in international market. Moreover, the cost scale will be examined by providing the opportunity to win share through special offer that could be tailored in all stores based on the budget catchment. The local specialist of New York in fresh food will provide the knowledge of the market in a way that the retail chain could devise good range with fewer price points (Woolworths Limited, 2012). Government The United States follow Trans-Pacific Partnership and Free Trade Agreement for business investments from other countries. These agreements provide lower economic barriers to promote trade. However, Woolworths Supermarkets will be established in New York under the Free Trade Agreement of United States (Schott, 2016). Communication Woolworths Supermarkets in fresh produce determines to build the brands in New York using credentials as well as focusing on customer values and needs. Moreover, in the international market, Woolworths will give fresh food produce at competitive prices with relevant promotions. On the other hand, when it comes brand communication strategy, Woolworths supermarkets is customer driven and develops to provide Everyday Rewards based on loyalty points (Woolworths Limited, 2012). Conclusion To conclude, it can be said that drivers of the international marketing are the key aspects that needs to be considered before international expansion. As far as Woolworths Supermarkets retail chain is considered, the expansion in its fresh produce will prove to be beneficial for both Australia as well as United States. References Czinkota, M. R., Ronkainen, I. A. (2013).International marketing. Cengage Learning. Investor Presentation: Strategic Priorities of Woolworths. (2012).Woolworths Limited. Retrieved 4 August 2016, from https://www.woolworthslimited.com.au/icms_docs/130560_Investor_Day_Presentation_2011.pdf Schott, J. (2016).Are Trade Agreements Good for Americans? - Room for Debate - NYTimes.com.Nytimes.com. Retrieved 4 August 2016, from https://www.nytimes.com/roomfordebate/2016/03/17/are-trade-agreements-good-for-americans Woolworths Supermarkets - Woolworths Limited. (2016).Woolworths Limited. Retrieved 4 August 2016, from https://www.woolworthslimited.com.au/page/Who_We_Are/Our_Brands/Supermarkets/Woolworths/