Question

In: Economics

How company can made strategic marketing plan for globalization. Explain about marketing mix. about strategy globale...

How company can made strategic marketing plan for globalization. Explain about marketing mix.

about strategy globale marketing plan it.

Solutions

Expert Solution

Let's get acquainted with some marketing strategies to market the product globally.
1.Create a Good Marketing Plan: A good marketing plan must be prepared to succeed in a global environment. A good plan can be made with a good outline.Your goals will be in that plan. How can you succeed? Why do you expand your business? What can you gain from it? These questions will be answered by the plan -
2. Know About Marketing: If you want to expand your marketing globally, you must first understand the marketing environment.The marketing environment in each country is different. We also see this difference in marketing products. So identify the different behaviors and norms for each region. Understand how people in each country would like to be contacted. Research your marketing strategy and how the market responds. Plan how to market your products
3. Customize the Marketing Approach: Make marketing practices customizable to people globally. The strategy taken for our internal development here is not enough. Make sure your projects match the audience you're trying to reach. Respond to the needs of the areas where you are marketing your products.
4. Localize the message: You are launching a global venture.But do it locally and people. There are many things to do with your product
Discover the best ways on how to take your marketing strategy to new territories
5. Use better advertising methods: Advertising is another strategy for marketing globally. It is a popular online advertising activity.
6. Best Brand Name: If a product or organization has a good brand name, it will have huge growth globally
For example: Amazon, Apple, Samsung etc ...
7.standard pricing: The reason people like a product is because of its price tag. Therefore, the cost should be charged according to the efficiency of the product.
If we act in the above manner, we can make our product part of the globalization.


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