Individual Project 1 Considering International Marketing

Your companyâs board of directors is interested in the international marketing plan proposal and has asked you to do a cultural audit. Your audit will explore two main areas: (1) cultural factors related to doing business in this particular country, and (2) a competitive analysis.

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Develop a PowerPoint presentation organized as follows:

1. Cultural Factors
   • Slide 1: Briefly describe the countryâs history and its relevance to its current cultural state today.
   • Slide 2: Identify customer demographic trends that are related to business activities in this particular country.
   • Slide 3/4: Briefly discuss customers and traditions of the countryâs citizens and how these can possibly influence business there.
   • Slide 4/5: Identify and discuss language issues and any other cultural implications of introducing your product in this country.
   • Slide 6: Provide an assessment of the geographic region and why this is a good fit for your companyâs product.
2. Competitive Analysis
   • Slide 7/8: Analyze the industry in this particular country. Perform a SWOT analysis. For more on how to conduct a SWOT analysis, see http://articles.mplans.com/how-to-perform-a-swot-analysis/.
   • Slide 8/9: Based on what you learned in the competitive research, apply the four Ps of marketing to your specific product by outlining the following:
     • Product (the features and benefits of the product)
     • Place (one possible outlet to sell the product in this particular country)
     • Price (one price strategy to consider in this particular market based on your competitive analysis)
     • Promotion (one promotional strategy to consider in appealing to your new global customers)
   • Slide 9/10: Conclusion: Based on everything you researched, present a brief analysis of any similarities between the domestic and international markets, any particular challenges and how you will manage those challenges in your selected country.

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