Global And Domestic Marketing

Solid Global Marketing decisions involve months of research. They also include a high degree of planning and internal strategizing. Factored accounts in the strategies are where the organization would like to be in three years, target audiences, spending and profit margins and eventually how to achieve the companies' ultimate goals. Advanced planning gives a number of advantages:

• Helps coordinate activities

• Helps prepare for emergencies

• Gives activity continuity

• Integrates functions and activities

• Helps in a continuous review of operations.

While planning is an important part of any successful campaign, there are some considerations which are vital to the successful launch of a product domestically and globally. Some instances are identified in the following table:

Domestic Planning International Planning

1. Single language and nationality 1. Multilingual/multinational/multicultural factors

2. Relatively homogeneous market 2. Fragmented and diverse markets

3. Data available, usually accurate and collection easy 3. Data collection a large task requiring significantly higher budgets and personnel allocation

4. Political factors relatively unimportant 4. Political factors frequently vital

5. Relative freedom from government interference 5. Involvement in national economic plans; government influences business decisions

6. Individual corporation has little effect on environment 6. "Gravitational" distortion by large companies

7. Chauvinism helps 7. Chauvinism hinders

8. Relatively stable business environment 8. Multiple environments, many of which are highly unstable (but may be highly profitable)

9. Uniform financial climate 9. Variety of financial climates ranging from over-conservative to wildly inflationary

10 Single currency 10. Currencies differing in stability and real value

11 Business "rules of the game" mature and understood 11. Rules diverse, changeable and unclear

12 Management generally accustomed to sharing responsibilities and using financial controls 12. Management frequently unautonomous and unfamiliar with budgets and controls

(http://www.fao.org/docrep/W5973E/w5973e0h.htm)

One of the factors identified in the above table was political. Political factors are an important aspect to be concerned with when controlling marketing decisions. The Iraqi war has been portrayed several different ways by the media, both in the US and around the world. Domestic marketing decisions are fueled by the post 9-11 and Iraqi War pro-America, pro-patriotism, and pro-military movements. (Allow me to specify there is an enormous difference in being pro-military and not pro-Iraqi War.) Many marketing geniuses took the time to say "thank you to our country's troops with special military fares and discounts. One of these companies was Ford Motor Corporation. Ford offered a military discount which equaled the employee discount it is currently promoting. It was advertised in newspapers, on television, and highly visible on US military installations. However, this ad was based strictly in the continental United States. The decision against broadcasting it in European countries was based on the unpopularity of the Iraqi War, and more importantly the increasing lack of support of President Bush.