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Mamadou OJallow Guest Lec
Mamadou OJallow Guest Lec
Summary
Department Store.
Philip Kotler & Kevin Lane Keller 2008 "It is the process of bringing together various
resources such as (human resources, financial capital, or physical assets) and other corporate
organizational goals to respond to global market threats and seize global market
opportunities."
Understand the Needs and resources and purchasing power of different countries
In every country there is a needs for customers and purchasing power and in every country
they have their own resources and superior products
Global Technological advancement
The tech developments make it easier to find products, trade, shipping, and payments.
Let’s take a look at the giant e-commerce companies: Alibaba, Amazon and Nike factories
The two have a branch in Indonesia, these factories are monitored by control technology with
ease and very supportive
Digitization opens new market access in various countries: such as electronics
exhibition/virtual factory tour
Attention costs associated with production costs in each country they have different
production prices, prices of materials/raw materials, labor, capital and purchasing power
Attention to quality of products
In every country they have a higher level of expertise or superior products than other
countries for example the UK and Indonesia
• Product trends , social and cultural differences in each country, plays a major role in
marketing
International currencies
Currencies differences allow countries and companies to invest and promote their products in
a more sustainable economy
World Trade Order
• Agreements between countries, regions (ASEAN), regions or economic groups (G8)
facilitate transactions make it easy for counties to do multinational trades
challenges:
Innovate to replace the system in a new way. Market players; find ways to replace old
players with new players. To stand at a competitive edge a company should replace the old
technology with digital technology to produce more efficient and reliable services or quality
products.