The CIM handbook of export marketing: [a practical guide to opening and expanding markets overseas]
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Oxford [u.a.]
Butterworth-Heinemann
1996
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Schriftenreihe: | The marketing series
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XXII, 583 S. Ill., graph. Darst. |
ISBN: | 0750625732 |
Internformat
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245 | 1 | 0 | |a The CIM handbook of export marketing |b [a practical guide to opening and expanding markets overseas] |c Chris Noonan |
264 | 1 | |a Oxford [u.a.] |b Butterworth-Heinemann |c 1996 | |
300 | |a XXII, 583 S. |b Ill., graph. Darst. | ||
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490 | 0 | |a The marketing series | |
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Datensatz im Suchindex
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adam_text | Contents Foreword xjx
Introduction xxj
Part One Organizing for Exports and Identifying the Opportunities 1
1 Why export? 3
Political activity 4
Economic activity 4
Social activity 4
How the company benefits from exporting 5
The broader international opportunities 6
Checklist 1.1 Exporting - the benefits and opportunities 8
2 Organizing for exports 9
Export department functions 9
Functional responsibilities 10
Export management roles 12
Skills and qualities in the international marketer 12
Export structures and organization 13
Activity needs analysis 13
Developing the organization 15
Variations in specialization 17
Span of control limitations 17
Other specialized structures 19
Other organizational considerations 20
Measuring the export marketer s performance 21
Quantitative performance measures 21
Qualitative performance measures 21
Checklist 2.1 Effective organizational structure 22
Checklist 2.2 Export manager functional responsibilities 24
Checklist 2.3 Typical export management roles 31
Checklist 2.4 How can the export marketer s job be measured? 34
vi Contents
3 Preliminary desk research 35
Identifying current exports and potential target markets 36
Obtaining import data 38
Sources of desk research data 39
Identification of potential importers and distributors 40
Import data 40
References from other exporters 40
Government export agencies 41
Chambers of commerce 41
Banks 41
Telephone directories 41
Shipping lines 42
Trade directories 42
Credit agencies 42
Trade associations 42
Published market research 42
Market research agencies 42
Advertising agencies 42
Auditors 43
Further desk research 43
Health and ingredient laws and published standards 43
Labelling and packaging 43
Import licences and quotas 44
Exchange restrictions 44
Internal market data 45
Enquiry correspondence 45
Prioritizing markets 48
Checklist 3.1 Desk research 50
4 Market exploratory visits and distribution considerations 51
Introductory letters 51
Planning the trip 52
Content and planning of meetings 53
Distribution channels 54
Factors in studying distribution needs 54
Some alternative distribution chains 55
The potential importer, agent or distributor 56
Sole importer and distributor 58
Agent 58
Importer with distributor 58
Confirming house 59
Export agent 59
Contact reports 59
Initial survey 60
Repeat visit to agent 60
Follow-up 61
Checklist 4.1 Initial market visit 63
Contents vii
Part Two The Selection, Management and Motivation of Agents and
Distributors 65
5 Identifying and selecting agents and distributors 67
Considerations in selection of the agent or distributor 67
Agent questionnaire 70
Agency/distributor agreements 75
Customer contact 76
Checklist 5.1 Selecting agents/distributors 77
6 Managing agents and distributors 79
The export marketer s role with distributors 79
The role of the distributor 80
The role of the sales agent 81
Activity with distributors 81
Communicating 81
Planning 82
Motivating 82
Performance monitoring 82
Training 83
The export marketer s visit to the distributor 83
Field work 84
Conducting market field audits 84
Training distributors 86
Training stages 86
Basic training 87
Company knowledge 87
Product knowledge 87
Professional selling skills 88
Sales management 89
Field training 90
Functional activities 90
Sales techniques 91
Organization 91
Attitudes 91
A framework for training 92
Contact reports - further pointers 92
Contact report coverage 92
Problems in managing agents and distributors 93
Lack of direct control 93
Diversity of products represented 95
Conflicting pressures from other suppliers 95
Limited resources 95
Levels of skills and motivation 95
Different motivations of the parties 96
Difficulty in obtaining information 96
Remote control management 96
The motivational model 100
viii Contents Checklist 6.1 Studies and discussions in the market 101
Checklist 6.2 Distributor training programme 104
Checklist 6.3 Typical contact report coverage 106
7 Auditing agents and distributors 107
Why conduct an audit? 107
Distributor audit measures 109
Quantitative measures 109
Qualitative measures 109
A model audit format 109
8 Agency and distributor agreements 115
Alternative approaches to representation in foreign markets 115
Exclusive sales agreements 116
Export distribution agreement 117
Representation to regions and market sectors 117
Clauses in exclusive agreements 117
Major issues to be covered in an agreement 120
Product exclusivity and product range or extensions 120
Territorial exclusivity 120
Rights to supply other parties 121
Limitations to export to other territories 121
Method of quoting prices 121
Duties of the principal and the agent/distributor 121
Performance clauses 121
Special storage, handling and packaging 121
Principal s right to accept or refuse orders 122
Market pricing and costing guidelines 122
Marketing programmes and planning 122
Promotional responsibilities and materials 122
Payment terms 122
Commission arrangements 123
Reporting/marketing information reports 123
Training of agent or distributor personnel 124
Warranties 124
Indemnities 124
Limits of authority 124
Confidentiality clauses 124
Trade mark/patent and intellectual property protection 125
Dispute handling 125
Duration of the agreement 125
Assignability 125
Termination 125
Non-waiver clauses 125
Entire agreement clause 125
Force majeure clause 126
Applicable country for legal enforcement and interpretation 126
Other clauses 126
Contents ix
Agency versus distribution arrangements 127
Independence of the distributor 127
Interdependence with the agent 127
Researching potential agents 128
Limits to agent s authority 128
Disclosure of agency arrangement 128
Duties of principal and agent 128
The agent 128
Disclosure of facts 128
Compliance with instructions 128
Conflict of interest 129
Secret profits 129
Confidentiality 129
Accounting 129
The principal 129
Commission 130
Commissions on external sales 130
Expenses 130
Support of the agent 130
Written agreements 130
Supplementary agency matters 130
Del credere risk 130
Stocks 131
Export houses 131
Freight forwarders 131
Agent of necessity 132
Country of jurisdiction 132
Style of agreement 132
European Union law 133
European Union Directive 86/653 on self-employed commercial agents 134
Obligations of the commercial agent and the principal 134
Remuneration of the agent and commissions on sales 134
An agent s entitlement to commission 135
Shared commissions and exclusions 135
Rights to information on commission calculations 135
Contracting and terminating agency contracts within the European Union 136
Indemnity and compensation of commercial agents 136
Restraint of trade clauses 137
Checklist 8.1 Typical clauses and scope of agency and distribution agreements 138
Part Three Marketing and Planning Considerations in Exporting 143
9 Marketing principles in an international context 145
Marketing in the global context 145
What is marketing? 149
The marketing mix 149
The value chain approach in marketing 149
Key factors in developing marketing strategies 152
Market segments and destination markets 153
x Contents
Stages in the product life cycle 153
Consumer/user needs 156
Product differentiation attributes 156
Availability of market research data 156
Market share and distribution objectives 156
Checklist 9.1 Applying marketing principles to export markets 158
10 Developing an export strategy 159
Why plan? 159
Stages in the planning process 160
An international strategy committee 161
Marketing planning 163
The marketing strategy planning process 165
Developing your strategy 168
Decision areas in strategy development 169
Product differentiation 170
Adding value through differentiation in marketing 172
Differential advantage 174
Market segmentation 175
Criteria for segmenting markets 176
Segmentation factors 176
Characteristics for segmentation 179
Consumer characteristics 179
Industrial characteristics 179
Other issues in segmentation 180
Mapping trade channels 181
Using trade channel data 186
Product profit management and investment strategies 189
Spend in the marketing mix 189
Target market/segmentation factors 189
Brand positioning 191
Weighting the budget 191
Level of spend 191
Checklist 10.1 A typical brand planning process 194
Checklist 10.2 Decision areas in strategy development 196
Checklist 10.3 Considerations in market segmentation 198
Checklist 10.4 Trade channel mapping 200
Checklist 10.5 A range of international opportunities 201
11 Inputs to export market planning 202
Contributions to export marketing planning 202
Historical market and performance data in planning 203
Key planning assumptions 205
Market size 206
Market dynamics 206
Spend 208
Organization changes 208
Parallel activity 209
Government regulations 209
Competitor activity 209
Contents xi
Socio-economic factors 210
Demographic factors 211
Market concentration versus market spread 212
Market concentration 213
Market groupings 214
Market spread 214
Checklist 11.1 Export planning - the planning framework 216
Checklist 11.2 Export planning - using historical market data 217
Checklist 11.3 Export planning - key planning assumptions 218
Checklist 11.4 Market concentration versus market spreading 221
12 Implementing an export strategy and monitoring performance 223
Tactical and strategic responses to typical objectives 223
Implementing the market plan through a distributor 223
Continuous monitoring 225
Competitive benchmarking 231
Checklist 12.1 Competitive benchmarking 232
13 Market research in market planning 233
International product development - the opportunities 233
The flexible thought process 234
Marketing standardized products versus modified products 235
What is market research? 236
The focus of market research 237
Considerations in deciding between internal and external research 240
Export marketer activity in relation to market research 241
Issues for a market research agency in designing research 241
How errors arise in market research 245
The export marketer and data sources 246
Field audits as a source of market data 246
Guidelines for conducting field audits 247
Researching the macro market environment 248
Checklist 13.1 Opportunities for international expansion 254
Checklist 13.2 Marketing information and research 255
14 Export sales forecasting 257
Terminology associated with sales forecasting 258
Planning time spans 260
What to forecast 260
Typical considerations in forecasting 260
Approaches to forecasting 261
Macro forecasting 262
Micro forecasting 264
Main methods of developing forecasts 264
Current demand 265
Total market potential 265
Industry sales and market shares 266
Multiple factor index method 267
Market build-up method 267
Future demand 267
Time series analysis 267
xii Contents Statistical demand analysis 268
Market sales tests 268
Expert opinion 269
Exporters opinions 269
Surveys of future buying plans 270
Other considerations in forecasting 270
Inflation 270
Seasonal trends 271
Cyclical trends 272
Random fluctuations 272
Product life cycles 272
Developing a practical market forecast 273
Information inputs for forecasting 273
Tabulating data and projecting trends in moving annual formats 274
Moving annual data 274
Moving annual totals 274
Moving monthly averages 274
The 21 chart in monitoring performance 278
Developing forecasts from actual data and seasonal deviations 280
Developing a forecast from moving monthly averages 280
Forecasting from moving annual total data 284
Problems in using trend data based on past sales 286
Building forecasts from local market sales data 288
The importance of key accounts 288
Building targets for a larger customer base 291
Checklist 14.1 Forecasting and planning 293
15 Export administration and performance monitoring 296
Shipping department records 297
Shipping log book 297
Quotation book 297
Order progress record 299
Monitoring export sales performance 301
Analyses of export shipments 303
Market share of exports 308
Monitoring profitability of export markets 312
Monitoring a distributor s local performance 314
What to monitor 314
Market share 315
Sales performance 316
Monitoring monthly sales against local sales budgets 316
Monitoring distributor stock and order positions in relation to sales 320
Presenting local market sales monitoring data 324
Checklist 15.1 Export controls and performance measurement 326
16 Export pricing and costing 328
Pricing considerations 328
Approaches to product pricing 329
Marketing aspects of product pricing 332
Price in relation to distributors considerations 333
Contents xiii
Price in relation to suppliers marketing strategies 334
Price in relation to competitive activity 335
Price in relation to the market environment 336
Elements of price and buyer perceptions in relation to price 337
Price mapping 338
Pricing questions and the marketer 338
Exchange rate variations and price 339
Distributor reports 340
Export price lists 340
Price-controlled imports 341
Costing considerations 341
Standard costing 342
Marginal costing 344
The cost-plus approach to export costing and pricing 347
Parallel exports and imports 349
Cross-border smuggling 350
Points of ownership transfer 351
Developing and using trade terms in export markets 352
What the trade looks at 352
Credit 354
Guidelines for credit 354
Discounts 354
Types of motivational discount 355
Minimum orders 355
Guidelines for establishing minimum orders 356
Checklist 16.1 Pricing and costing considerations 357
Checklist 16.2 Other market considerations in pricing 360
Checklist 16.3 Trade terms and customer credit 361
17 Packaging for export 363
Physical suitability 364
Physical protection during transportation and handling 364
Perishability - heat and humidity protection 365
Rules and regulations 367
Label information 367
Language 367
Label approvals 368
Dangerous goods 368
Product identification and positioning 368
Communication with distributors, users and consumers 369
Local culture 369
Forgeries 369
Purchase motivations 370
Product use information 370
Opportunities to promote industrial products through packaging 371
Customer s specifications 371
Packaging and freight 373
Facilitating ease of handling in distribution channels 373
Size of product packs 373
Convenience of handling 373
xiv Contents Clear warning notices 374
Contents identification 374
Checklist 17.1 Packaging considerations 375
Part Four Marketing Communications 377
18 Developing the communications strategy 379
The marketing communications mix 380
Sales calls to customers 381
Product sampling or demonstration 382
Mailshots 382
Advertising 383
Point of sale material 384
Media mentions 385
Sales promotions 385
Perceptual and factual impacts of marketing communications 385
Sales calls to customers 386
Media advertising 387
Promotions 387
Brands publicity 387
Price 387
Product features and benefits 387
Distribution 387
How marketing communications work in the market 389
Checklist 18.1 Marketing communications 390
19 Advertising in the marketing communications mix 392
The role of media communications 393
Trade channel communications 393
The effects of advertising 394
Should we advertise? 395
Marketing communications in relation to consumers 396
Budgeting for advertising and promotions 398
A task approach to marketing communications budgets 400
Developing an advertising brief 400
Guidelines for an advertising proposal 401
Concept testing advertisements 403
Testing techniques 404
Selecting the right media 407
Guidelines for developing cross cultural media communications 408
Campaign timings 408
Media schedules 409
Checklist 19.1 Product advertising brief format 414
Checklist 19.2 Advertising proposal 416
20 Brands publicity 417
Using brand publicity activity 417
Brands publicity opportunities 418
Guidelines for developing brands publicity messages 420
Brands publicity in relation to public relations 420
Contents xv
Carrying the brands publicity message 422
Brands publicity timing 422
Checklist 20.1 Brands publicity opportunities and action plan 424
21 Export sales promotion 426
Promoting industrial products 427
Trade journals and buyers guides 427
Direct mailshots 427
Advertising 427
Trade shows 428
Videos and information packages for computers 428
Promoting consumer goods 429
Durable consumer goods 429
Branded non-durable consumer goods 430
Advertising 430
Consumer promotions 431
In-store demonstrations 432
Point of sales material 432
Export sales promotion 433
Definitions 435
Using promotions in the marketing communications mix 435
Advantages of sales promotions 435
A decision-making framework for evaluating promotion options 437
Types of sales promotion 437
The advertising and promotion plan 442
Promotion planning 442
Setting promotion objectives 447
A promotional brief format 452
Evaluating and monitoring promotions 452
Key account promotional activity 456
Guidelines for developing promotional materials 456
Financing advertising and promotions 458
Advertising reserves 459
Distributors contributions 459
Exhibitions 460
Exhibition objectives 460
Which exhibition? 460
Exhibition planning 461
Exhibition follow-up 461
Appendix 21.1 Typical focuses of sales promotions - examples 463
Checklist 21.1 Basic promotion planning 467
Checklist 21.2 Export sales promotion 469
Checklist 21.3 Promotion formats 470
Checklist 21.4 Exhibition planning 471
Part Five Regulatory and Legal Aspects of International Marketing 473
22 Regulation of trade 475
Export licences 475
xvi Contents 4.77
Export quotas *
Import licences 477
Basis of allocation 477
Transferability of licences 478
Import quotas 478
Exchange control 478
Outward exchange control 478
Inward exchange control 479
Customs controls and reporting 479
Monitoring export sales 479
Duty drawback 479
Monitoring imports 480
Bonded goods 480
Sales and value-added taxes 480
The paperwork burden 481
Proof of origin 481
Other legal considerations in international trade 482
International corruption 482
Compensation on terminating agreements 482
Restrictive practices in the European Union 483
Jurisdiction of laws governing contract and performance 483
Illegal contractual terms 484
Litigation 484
Arbitration 484
Checklist 22.1 Regulation of trade 486
23 Intellectual property protection 487
Patents 489
Basis of patentability 489
Contesting patents 490
European patents 491
Trade marks 491
The role and value of trade marks 492
Who can register a trade mark? 492
International conventions 494
Cultural considerations 494
Cancellation of trade marks 494
Copyright 496
Nature and ownership of copyright 496
Industrial designs 497
Confidential information 497
Intellectual property in the European Union 498
European patents 498
Trade marks in the European Union 498
Copyright in the European Union 498
Infringement of patents, trade marks and copyrights 499
Patent infringement 499
Trade mark infringement and passing off 499
Copyright infringement 500
Licensing patents, trade marks and copyrights 501
^ Contents xvii
Licensing patents 501
Trade mark licensing and user agreements 502
Assignment or license of a copyright 502
Checklist 21.3 Protecting your intellectual property 504
Part Six Developing Markets Further 507
24 Foreign brances and subsidiaries 509
Branches 511
Benefits of branches 511
Branch office location 511
Compliance with local regulations 512
Branch managers 512
Conditions of employment 512
Developing and integrating the branch manager 513
Foreign legislation 514
Subsidiaries and joint ventures 515
Why consider subsidiaries and joint ventures? 515
Selecting local partners 517
Local investment aid 517
Local staffing 517
Reporting requirements 517
Checklist 24.1 Branches, subsidiaries and joint ventures 519
25 Joint selling organizations 521
External independent organizations 521
Shared foreign sales offices 521
Trading companies 521
Export management companies 522
Trade associations 523
Group marketing companies 523
Benefits in integrating resources 524
Some organizational alternatives 524
Consortia 526
Performance bonds 527
Warranties 527
Insurance 527
26 Developing markets through licensing and franchising 528
An introduction to licensing and franchising 529
What is licensing? 529
What is franchising? 530
Main differences between licensing and franchising 530
Why consider licensing? 532
Why consider franchising? 533
What can you license or franchise? 533
Exclusivity of content of licence 534
Benefits of licensing and franchising 534
Benefits and disadvantages to the licensor/franchisor 534
xviii Contents Benefits to the licensee or franchisee 535
National benefits 5^
Considerations in finding market opportunities 536
Prioritizing markets for licensing 6
Identifying potential licensees 7
Evaluating potential licensees 538
Who to franchise 539
The partnership of licensing and franchising 539
Licensor inputs
Licensee inputs 540
Government involvement in licensing 541
Outward transfer 541
Inward licensing 541
Financial aspects of licensing 543
The value in a licence 543
Pricing the licence 543
Returns from licensing 544
Other potential sources of income from licensing 544
Returns from franchising 545
Using market data in the negotiation process 545
Protecting intellectual property 545
Copyright in operations manuals 546
Know-how 546
Strategic considerations in licensing 547
Corporate structural considerations 547
Other licensing considerations 548
Structuring a licensing agreement 548
Major issues covered in a licensing agreement 548
Licensing in the European Union 550
Checklist 26.1 Licensing opportunities 552
Checklist 26.2 Who will benefit from licensing, and how? 554
Checklist 26.3 Prioritizing for licensing opportunities 556
Checklist 26.4 Identifying and evaluating potential licensees 557
Checklist 26.5 Providing inputs to a licensing arrangement 558
Checklist 26.6 Government involvement in inward licensing 559
Checklist 26.7 Financial aspects of licensing 561
Checklist 26.8 Protecting intellectual property for licensing 563
Checklist 26.9 Typical clauses in a licensing/franchising agreement 565
Glossary: Standard export terms and abbreviations 569
Appendix 1 Useful contacts in the United Kingdom 573
Index 577
|
adam_txt |
Contents Foreword xjx
Introduction xxj
Part One Organizing for Exports and Identifying the Opportunities 1
1 Why export? 3
Political activity 4
Economic activity 4
Social activity 4
How the company benefits from exporting 5
The broader international opportunities 6
Checklist 1.1 Exporting - the benefits and opportunities 8
2 Organizing for exports 9
Export department functions 9
Functional responsibilities 10
Export management roles 12
Skills and qualities in the international marketer 12
Export structures and organization 13
Activity needs analysis 13
Developing the organization 15
Variations in specialization 17
Span of control limitations 17
Other specialized structures 19
Other organizational considerations 20
Measuring the export marketer's performance 21
Quantitative performance measures 21
Qualitative performance measures 21
Checklist 2.1 Effective organizational structure 22
Checklist 2.2 Export manager functional responsibilities 24
Checklist 2.3 Typical export management roles 31
Checklist 2.4 How can the export marketer's job be measured? 34
vi Contents
3 Preliminary desk research 35
Identifying current exports and potential target markets 36
Obtaining import data 38
Sources of desk research data 39
Identification of potential importers and distributors 40
Import data 40
References from other exporters 40
Government export agencies 41
Chambers of commerce 41
Banks 41
Telephone directories 41
Shipping lines 42
Trade directories 42
Credit agencies 42
Trade associations 42
Published market research 42
Market research agencies 42
Advertising agencies 42
Auditors 43
Further desk research 43
Health and ingredient laws and published standards 43
Labelling and packaging 43
Import licences and quotas 44
Exchange restrictions 44
Internal market data 45
Enquiry correspondence 45
Prioritizing markets 48
Checklist 3.1 Desk research 50
4 Market exploratory visits and distribution considerations 51
Introductory letters 51
Planning the trip 52
Content and planning of meetings 53
Distribution channels 54
Factors in studying distribution needs 54
Some alternative distribution chains 55
The potential importer, agent or distributor 56
Sole importer and distributor 58
Agent 58
Importer with distributor 58
Confirming house 59
Export agent 59
Contact reports 59
Initial survey 60
Repeat visit to agent 60
Follow-up 61
Checklist 4.1 Initial market visit 63
Contents vii
Part Two The Selection, Management and Motivation of Agents and
Distributors 65
5 Identifying and selecting agents and distributors 67
Considerations in selection of the agent or distributor 67
Agent questionnaire 70
Agency/distributor agreements 75
Customer contact 76
Checklist 5.1 Selecting agents/distributors 77
6 Managing agents and distributors 79
The export marketer's role with distributors 79
The role of the distributor 80
The role of the sales agent 81
Activity with distributors 81
Communicating 81
Planning 82
Motivating 82
Performance monitoring 82
Training 83
The export marketer's visit to the distributor 83
Field work 84
Conducting market field audits 84
Training distributors 86
Training stages 86
Basic training 87
Company knowledge 87
Product knowledge 87
Professional selling skills 88
Sales management 89
Field training 90
Functional activities 90
Sales techniques 91
Organization 91
Attitudes 91
A framework for training 92
Contact reports - further pointers 92
Contact report coverage 92
Problems in managing agents and distributors 93
Lack of direct control 93
Diversity of products represented 95
Conflicting pressures from other suppliers 95
Limited resources 95
Levels of skills and motivation 95
Different motivations of the parties 96
Difficulty in obtaining information 96
Remote control management 96
The motivational model 100
viii Contents Checklist 6.1 Studies and discussions in the market 101
Checklist 6.2 Distributor training programme 104
Checklist 6.3 Typical contact report coverage 106
7 Auditing agents and distributors 107
Why conduct an audit? 107
Distributor audit measures 109
Quantitative measures 109
Qualitative measures 109
A model audit format 109
8 Agency and distributor agreements 115
Alternative approaches to representation in foreign markets 115
Exclusive sales agreements 116
Export distribution agreement 117
Representation to regions and market sectors 117
Clauses in exclusive agreements 117
Major issues to be covered in an agreement 120
Product exclusivity and product range or extensions 120
Territorial exclusivity 120
Rights to supply other parties 121
Limitations to export to other territories 121
Method of quoting prices 121
Duties of the principal and the agent/distributor 121
Performance clauses 121
Special storage, handling and packaging 121
Principal's right to accept or refuse orders 122
Market pricing and costing guidelines 122
Marketing programmes and planning 122
Promotional responsibilities and materials 122
Payment terms 122
Commission arrangements 123
Reporting/marketing information reports 123
Training of agent or distributor personnel 124
Warranties 124
Indemnities 124
Limits of authority 124
Confidentiality clauses 124
Trade mark/patent and intellectual property protection 125
Dispute handling 125
Duration of the agreement 125
Assignability 125
Termination 125
Non-waiver clauses 125
Entire agreement clause 125
Force majeure clause 126
Applicable country for legal enforcement and interpretation 126
Other clauses 126
Contents ix
Agency versus distribution arrangements 127
Independence of the distributor 127
Interdependence with the agent 127
Researching potential agents 128
Limits to agent's authority 128
Disclosure of agency arrangement 128
Duties of principal and agent 128
The agent 128
Disclosure of facts 128
Compliance with instructions 128
Conflict of interest 129
Secret profits 129
Confidentiality 129
Accounting 129
The principal 129
Commission 130
Commissions on external sales 130
Expenses 130
Support of the agent 130
Written agreements 130
Supplementary agency matters 130
Del credere risk 130
Stocks 131
Export houses 131
Freight forwarders 131
Agent of necessity 132
Country of jurisdiction 132
Style of agreement 132
European Union law 133
European Union Directive 86/653 on self-employed commercial agents 134
Obligations of the commercial agent and the principal 134
Remuneration of the agent and commissions on sales 134
An agent's entitlement to commission 135
Shared commissions and exclusions 135
Rights to information on commission calculations 135
Contracting and terminating agency contracts within the European Union 136
Indemnity and compensation of commercial agents 136
Restraint of trade clauses 137
Checklist 8.1 Typical clauses and scope of agency and distribution agreements 138
Part Three Marketing and Planning Considerations in Exporting 143
9 Marketing principles in an international context 145
Marketing in the global context 145
What is marketing? 149
The marketing mix 149
The value chain approach in marketing 149
Key factors in developing marketing strategies 152
Market segments and destination markets 153
x Contents
Stages in the product life cycle 153
Consumer/user needs 156
Product differentiation attributes 156
Availability of market research data 156
Market share and distribution objectives 156
Checklist 9.1 Applying marketing principles to export markets 158
10 Developing an export strategy 159
Why plan? 159
Stages in the planning process 160
An international strategy committee 161
Marketing planning 163
The marketing strategy planning process 165
Developing your strategy 168
Decision areas in strategy development 169
Product differentiation 170
Adding value through differentiation in marketing 172
Differential advantage 174
Market segmentation 175
Criteria for segmenting markets 176
Segmentation factors 176
Characteristics for segmentation 179
Consumer characteristics 179
Industrial characteristics 179
Other issues in segmentation 180
Mapping trade channels 181
Using trade channel data 186
Product profit management and investment strategies 189
Spend in the marketing mix 189
Target market/segmentation factors 189
Brand positioning 191
Weighting the budget 191
Level of spend 191
Checklist 10.1 A typical brand planning process 194
Checklist 10.2 Decision areas in strategy development 196
Checklist 10.3 Considerations in market segmentation 198
Checklist 10.4 Trade channel mapping 200
Checklist 10.5 A range of international opportunities 201
11 Inputs to export market planning 202
Contributions to export marketing planning 202
Historical market and performance data in planning 203
Key planning assumptions 205
Market size 206
Market dynamics 206
Spend 208
Organization changes 208
Parallel activity 209
Government regulations 209
Competitor activity 209
Contents xi
Socio-economic factors 210
Demographic factors 211
Market concentration versus market spread 212
Market concentration 213
Market groupings 214
Market spread 214
Checklist 11.1 Export planning - the planning framework 216
Checklist 11.2 Export planning - using historical market data 217
Checklist 11.3 Export planning - key planning assumptions 218
Checklist 11.4 Market concentration versus market spreading 221
12 Implementing an export strategy and monitoring performance 223
Tactical and strategic responses to typical objectives 223
Implementing the market plan through a distributor 223
Continuous monitoring 225
Competitive benchmarking 231
Checklist 12.1 Competitive benchmarking 232
13 Market research in market planning 233
International product development - the opportunities 233
The flexible thought process 234
Marketing standardized products versus modified products 235
What is market research? 236
The focus of market research 237
Considerations in deciding between internal and external research 240
Export marketer activity in relation to market research 241
Issues for a market research agency in designing research 241
How errors arise in market research 245
The export marketer and data sources 246
Field audits as a source of market data 246
Guidelines for conducting field audits 247
Researching the macro market environment 248
Checklist 13.1 Opportunities for international expansion 254
Checklist 13.2 Marketing information and research 255
14 Export sales forecasting 257
Terminology associated with sales forecasting 258
Planning time spans 260
What to forecast 260
Typical considerations in forecasting 260
Approaches to forecasting 261
Macro forecasting 262
Micro forecasting 264
Main methods of developing forecasts 264
Current demand 265
Total market potential 265
Industry sales and market shares 266
Multiple factor index method 267
Market build-up method 267
Future demand 267
Time series analysis 267
xii Contents Statistical demand analysis 268
Market sales tests 268
Expert opinion 269
Exporters' opinions 269
Surveys of future buying plans 270
Other considerations in forecasting 270
Inflation 270
Seasonal trends 271
Cyclical trends 272
Random fluctuations 272
Product life cycles 272
Developing a practical market forecast 273
Information inputs for forecasting 273
Tabulating data and projecting trends in moving annual formats 274
Moving annual data 274
Moving annual totals 274
Moving monthly averages 274
The '21 chart in monitoring performance 278
Developing forecasts from actual data and seasonal deviations 280
Developing a forecast from moving monthly averages 280
Forecasting from moving annual total data 284
Problems in using trend data based on past sales 286
Building forecasts from local market sales data 288
The importance of key accounts 288
Building targets for a larger customer base 291
Checklist 14.1 Forecasting and planning 293
15 Export administration and performance monitoring 296
Shipping department records 297
Shipping log book 297
Quotation book 297
Order progress record 299
Monitoring export sales performance 301
Analyses of export shipments 303
Market share of exports 308
Monitoring profitability of export markets 312
Monitoring a distributor's local performance 314
What to monitor 314
Market share 315
Sales performance 316
Monitoring monthly sales against local sales budgets 316
Monitoring distributor stock and order positions in relation to sales 320
Presenting local market sales monitoring data 324
Checklist 15.1 Export controls and performance measurement 326
16 Export pricing and costing 328
Pricing considerations 328
Approaches to product pricing 329
Marketing aspects of product pricing 332
Price in relation to distributors' considerations 333
Contents xiii
Price in relation to suppliers' marketing strategies 334
Price in relation to competitive activity 335
Price in relation to the market environment 336
Elements of price and buyer perceptions in relation to price 337
Price mapping 338
Pricing questions and the marketer 338
Exchange rate variations and price 339
Distributor reports 340
Export price lists 340
Price-controlled imports 341
Costing considerations 341
Standard costing 342
Marginal costing 344
The cost-plus approach to export costing and pricing 347
Parallel exports and imports 349
Cross-border smuggling 350
Points of ownership transfer 351
Developing and using trade terms in export markets 352
What the trade looks at 352
Credit 354
Guidelines for credit 354
Discounts 354
Types of motivational discount 355
Minimum orders 355
Guidelines for establishing minimum orders 356
Checklist 16.1 Pricing and costing considerations 357
Checklist 16.2 Other market considerations in pricing 360
Checklist 16.3 Trade terms and customer credit 361
17 Packaging for export 363
Physical suitability 364
Physical protection during transportation and handling 364
Perishability - heat and humidity protection 365
Rules and regulations 367
Label information 367
Language 367
Label approvals 368
Dangerous goods 368
Product identification and positioning 368
Communication with distributors, users and consumers 369
Local culture 369
Forgeries 369
Purchase motivations 370
Product use information 370
Opportunities to promote industrial products through packaging 371
Customer's specifications 371
Packaging and freight 373
Facilitating ease of handling in distribution channels 373
Size of product packs 373
Convenience of handling 373
xiv Contents Clear warning notices 374
Contents identification 374
Checklist 17.1 Packaging considerations 375
Part Four Marketing Communications 377
18 Developing the communications strategy 379
The marketing communications mix 380
Sales calls to customers 381
Product sampling or demonstration 382
Mailshots 382
Advertising 383
Point of sale material 384
Media mentions 385
Sales promotions 385
Perceptual and factual impacts of marketing communications 385
Sales calls to customers 386
Media advertising 387
Promotions 387
Brands publicity 387
Price 387
Product features and benefits 387
Distribution 387
How marketing communications work in the market 389
Checklist 18.1 Marketing communications 390
19 Advertising in the marketing communications mix 392
The role of media communications 393
Trade channel communications 393
The effects of advertising 394
Should we advertise? 395
Marketing communications in relation to consumers 396
Budgeting for advertising and promotions 398
A task approach to marketing communications budgets 400
Developing an advertising brief 400
Guidelines for an advertising proposal 401
Concept testing advertisements 403
Testing techniques 404
Selecting the right media 407
Guidelines for developing cross cultural media communications 408
Campaign timings 408
Media schedules 409
Checklist 19.1 Product advertising brief format 414
Checklist 19.2 Advertising proposal 416
20 Brands publicity 417
Using brand publicity activity 417
Brands publicity opportunities 418
Guidelines for developing brands publicity messages 420
Brands publicity in relation to public relations 420
Contents xv
Carrying the brands publicity message 422
Brands publicity timing 422
Checklist 20.1 Brands publicity opportunities and action plan 424
21 Export sales promotion 426
Promoting industrial products 427
Trade journals and buyers' guides 427
Direct mailshots 427
Advertising 427
Trade shows 428
Videos and information packages for computers 428
Promoting consumer goods 429
Durable consumer goods 429
Branded non-durable consumer goods 430
Advertising 430
Consumer promotions 431
In-store demonstrations 432
Point of sales material 432
Export sales promotion 433
Definitions 435
Using promotions in the marketing communications mix 435
Advantages of sales promotions 435
A decision-making framework for evaluating promotion options 437
Types of sales promotion 437
The advertising and promotion plan 442
Promotion planning 442
Setting promotion objectives 447
A promotional brief format 452
Evaluating and monitoring promotions 452
Key account promotional activity 456
Guidelines for developing promotional materials 456
Financing advertising and promotions 458
Advertising reserves 459
Distributors' contributions 459
Exhibitions 460
Exhibition objectives 460
Which exhibition? 460
Exhibition planning 461
Exhibition follow-up 461
Appendix 21.1 Typical focuses of sales promotions - examples 463
Checklist 21.1 Basic promotion planning 467
Checklist 21.2 Export sales promotion 469
Checklist 21.3 Promotion formats 470
Checklist 21.4 Exhibition planning 471
Part Five Regulatory and Legal Aspects of International Marketing 473
22 Regulation of trade 475
Export licences 475
xvi Contents 4.77
Export quotas *''
Import licences 477
Basis of allocation 477
Transferability of licences 478
Import quotas 478
Exchange control 478
Outward exchange control 478
Inward exchange control 479
Customs controls and reporting 479
Monitoring export sales 479
Duty drawback 479
Monitoring imports 480
Bonded goods 480
Sales and value-added taxes 480
The paperwork burden 481
Proof of origin 481
Other legal considerations in international trade 482
International corruption 482
Compensation on terminating agreements 482
Restrictive practices in the European Union 483
Jurisdiction of laws governing contract and performance 483
Illegal contractual terms 484
Litigation 484
Arbitration 484
Checklist 22.1 Regulation of trade 486
23 Intellectual property protection 487
Patents 489
Basis of patentability 489
Contesting patents 490
European patents 491
Trade marks 491
The role and value of trade marks 492
Who can register a trade mark? 492
International conventions 494
Cultural considerations 494
Cancellation of trade marks 494
Copyright 496
Nature and ownership of copyright 496
Industrial designs 497
Confidential information 497
Intellectual property in the European Union 498
European patents 498
Trade marks in the European Union 498
Copyright in the European Union 498
Infringement of patents, trade marks and copyrights 499
Patent infringement 499
Trade mark infringement and passing off 499
Copyright infringement 500
Licensing patents, trade marks and copyrights 501
^ Contents xvii
Licensing patents 501
Trade mark licensing and user agreements 502
Assignment or license of a copyright 502
Checklist 21.3 Protecting your intellectual property 504
Part Six Developing Markets Further 507
24 Foreign brances and subsidiaries 509
Branches 511
Benefits of branches 511
Branch office location 511
Compliance with local regulations 512
Branch managers 512
Conditions of employment 512
Developing and integrating the branch manager 513
Foreign legislation 514
Subsidiaries and joint ventures 515
Why consider subsidiaries and joint ventures? 515
Selecting local partners 517
Local investment aid 517
Local staffing 517
Reporting requirements 517
Checklist 24.1 Branches, subsidiaries and joint ventures 519
25 Joint selling organizations 521
External independent organizations 521
Shared foreign sales offices 521
Trading companies 521
Export management companies 522
Trade associations 523
Group marketing companies 523
Benefits in integrating resources 524
Some organizational alternatives 524
Consortia 526
Performance bonds 527
Warranties 527
Insurance 527
26 Developing markets through licensing and franchising 528
An introduction to licensing and franchising 529
What is licensing? 529
What is franchising? 530
Main differences between licensing and franchising 530
Why consider licensing? 532
Why consider franchising? 533
What can you license or franchise? 533
Exclusivity of content of licence 534
Benefits of licensing and franchising 534
Benefits and disadvantages to the licensor/franchisor 534
xviii Contents Benefits to the licensee or franchisee 535
National benefits 5^
Considerations in finding market opportunities 536
Prioritizing markets for licensing "6
Identifying potential licensees "7
Evaluating potential licensees 538
Who to franchise 539
The partnership of licensing and franchising 539
Licensor inputs "
Licensee inputs 540
Government involvement in licensing 541
Outward transfer 541
Inward licensing 541
Financial aspects of licensing 543
The value in a licence 543
Pricing the licence 543
Returns from licensing 544
Other potential sources of income from licensing 544
Returns from franchising 545
Using market data in the negotiation process 545
Protecting intellectual property 545
Copyright in operations manuals 546
Know-how 546
Strategic considerations in licensing 547
Corporate structural considerations 547
Other licensing considerations 548
Structuring a licensing agreement 548
Major issues covered in a licensing agreement 548
Licensing in the European Union 550
Checklist 26.1 Licensing opportunities 552
Checklist 26.2 Who will benefit from licensing, and how? 554
Checklist 26.3 Prioritizing for licensing opportunities 556
Checklist 26.4 Identifying and evaluating potential licensees 557
Checklist 26.5 Providing inputs to a licensing arrangement 558
Checklist 26.6 Government involvement in inward licensing 559
Checklist 26.7 Financial aspects of licensing 561
Checklist 26.8 Protecting intellectual property for licensing 563
Checklist 26.9 Typical clauses in a licensing/franchising agreement 565
Glossary: Standard export terms and abbreviations 569
Appendix 1 Useful contacts in the United Kingdom 573
Index 577 |
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any_adam_object_boolean | 1 |
author | Noonan, Chris |
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ctrlnum | (OCoLC)915808165 (DE-599)BVBBV023508713 |
discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
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spelling | Noonan, Chris Verfasser aut The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] Chris Noonan Oxford [u.a.] Butterworth-Heinemann 1996 XXII, 583 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier The marketing series Exportmarketing (DE-588)4153393-8 gnd rswk-swf Exportmarketing (DE-588)4153393-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016832177&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Noonan, Chris The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] Exportmarketing (DE-588)4153393-8 gnd |
subject_GND | (DE-588)4153393-8 |
title | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] |
title_auth | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] |
title_exact_search | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] |
title_exact_search_txtP | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] |
title_full | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] Chris Noonan |
title_fullStr | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] Chris Noonan |
title_full_unstemmed | The CIM handbook of export marketing [a practical guide to opening and expanding markets overseas] Chris Noonan |
title_short | The CIM handbook of export marketing |
title_sort | the cim handbook of export marketing a practical guide to opening and expanding markets overseas |
title_sub | [a practical guide to opening and expanding markets overseas] |
topic | Exportmarketing (DE-588)4153393-8 gnd |
topic_facet | Exportmarketing |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016832177&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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