Skip to content
Spring semester - BA - IBM - Year 4 Calendar view

International Market Plan - BA (20-21)


Class
Ramon Garcia
Enrolment for this class is currently closed.

International Marketing Managers, Global Marketing Leads, Global Liaison Managers, International Business Managers, or similar titles, are key positions within any international organization to carry out Marketing or Business plans at international level. The main goals of these positions pursue clear objectives: understand international scenarios, the factors affecting their organisations and management under a multicultural approach together with social, legal and political aspects and regulations, all together under specific economic situations.
The above-mentioned factors are crucial for an effective international market plan, since it is mandatory to identify barriers and opportunities in combination with a matrix of variables involving the appropriate market research.

Module summary, content and aims

The module prepares you to become an international market team member when planning international market plans, taking part in many decisions regarding entry strategies, distribution, or any other topics within the Marketing Mix at international level, being able to collaborate in the measurement of the effectiveness and control of the planning and implementation processes.

The module aims to provide you understanding of the competitive implications affecting international market plan. Moreover, it enables you to gain in-depth understanding of the factors that govern the decision in market entry. You will learn to analyse planning, organising, and managing an international business marketing strategy in order to gain the competitive advantage in the global marketplace.

 

The topics covered in the module include:

  • Identifying the political, economic, social and cultural factors affecting business planning and decision making process
  • Understanding the implications of legal regulations in business expansion 
  • Applying market research techniques 
  • Developing a general Marketing Mix strategy at an international level

 

Learning outcomes to be assessed

 

  • LO1. Research and analyse reliable key market data in an international scope (Summative assessments 1, 2, 3 & 5).
  • LO2. Evaluate critically the macro-environment factors and debate their implications on selecting entry markets. (Summative assessments 1, 2, 3 & 5).
  • LO3. Analyse business opportunities and risks in a systematic manner. Explain and justify resulting strategies in an effective way. (Summative assessments 4 & 5).
  • LO4. Compile and be able to transmit analysis and strategies in an international marketing plan. (Summative assessments 4 & 5) 

 

Indicative contact hours

Teaching Contact Hours 

56 hours

Independent Study Hours

144 hours

Total Learning Hours 

200 hours

 

      Learning materials 

      The reading list for this module is available on MIUC LMS in the module area. 

      • Core textbook(s):
        • Cateora, P., Gilly, M. and Graham, J. (2009) International Marketing. New York. McGraw- Hill. 
        • Daniels, J.D., Radebaugh, L.H. and Sullivan, D.P. (2015) .International Business: Environments and Operations. Pearson Education Ltd 
      • Other recommended reading:
        • Browaeys, M.J. and Price, R. (2011) .Understanding cross-cultural management. UK. Pearson
        • Chia, L., (2016) E-commerce. International Business Law. Trento, Wolters Kluwer, pp. 155-176
        • Chia, L., (2016) International conflict of laws: regulation of international contracts. International Business Law. Trento, Wolters Kluwer, pp. 131-154
        • Chia, L., (2016) The United Nations Commission on International Trade Law. International Business Law. Trento, Wolters Kluwer, pp. 113-130
        • Gerber, J. (2011). International economic institutions since WWII. Pearson Addison- Wesle
      • Other resources:
        • Tubbs, S. (2010) Organizational Communication, Human Communication. New York. McGraw-Hill. pp. 425-450
        • Brace, I. (2013) Questionnaire Design: How to Plan, Structure and Write Survey Material for Effective Market Research. Kogan Page

       

      Remember to log into MIUC LMS daily to receive all the latest news and support available at your module sites!

       

      Here is the class outline:

      Presentation

      International Marketing Managers, Global Marketing Leads, Global Liaison Managers, International Business Managers, or similar titles, are key positions within any international organization to carry out Marketing or Business plans at international level. The main goals of these positions pursue clear objectives: understand international scenarios, the factors affecting their organisations and management under a multicultural approach together with social, legal and political aspects and regulations, all together under specific economic situations.

      INTERNATIONAL MARKET PLAN
      Module Study Guide
      Assessments

      Week 1 - Module organization, structure, methodology and assessments. Introduction to global mark...

      The first session will overview the fundamentals related to international markets, clarifying terms, solving first questions, with a general overview of global Marketing. This session will introduce you to the structure of the module, practical methodology to be used, the assessment method and your role-play as Junior Global Marketing Manager to be performed along the module.

      Week description
      Key concepts
      Literature for this session
      BCG Product lifecycle matrix
      Controllable and uncontrollable elements

      Week 2. The scope and challenge of International Marketing

      This session will provide students with the arguments about why settling a process for the internationalization of businesses and all the key aspects will threaten the plan along the stages of this process. It implies as well, going through the capacity of the company to adjust their objectives and tactics according with the milestones taking place along the way. Even so, the students will see how several patterns can be identified to help them through the planning. On top of this the development of world institutions plays an important role in terms of order and arbitration.

      Week Content
      Key Concepts
      Literature for the Session
      If you are looking for further challenges....
      Analyze the ways companies decide to go abroad.
      Evolution world tariffs

      Week 3 - Economic environment and international trade: export and import

      This session will facilitate the understanding of how some important international organizations regulate some international decisions in the global trade market dealing with the global rules of trade between nations, ensuring that trade flows as smoothly, predictably and freely as possible, the stability of the international monetary system -system of exchange rates and international payments that enables countries and their citizens- to transact with each other, providing loans to countries for capital programs.

      Week description
      Key concepts
      Literature for this session
      World Bank web page
      IMF web page
      Team assignment
      Understanding key Macroeconomic figures
      World Trade Organization
      OECD

      Week 4 - Social and cultural considerations in international marketing

      This session will facilitate a general understanding of how customer behaviour may influence remarkably in market plans taking into account a wide range of characteristics related to specific social habits or cultural inheritance. At the same time they will have the chance to compare these aspects across regions.

      Week description
      Key concepts
      Literature for this session
      Case Study
      Examples of cultural localization

      Week 5 - The political environment

      This session will show students one of the variables that could be the most unstable depending on the political changes in every country and region, which could affect agreements among nations, so that they will understand the importance of government policies and the risks we are facing before changes that could make change the rules of international trade. From another point of view they will see how countries with a higher political vulnerability require a higher level of adaptation and the implications that this fact brings to the rest of nations regarding their international trade interests, no matter if they have agreements among them. This session will be used as well for the In-Class Exercise, in which every student will have to do an online exercise in class consisting of 10 multiple-choice questions covering the learning acquired up-to-date, as it is explained previously above.

      Week description
      Key concepts
      Literature for this session
      Gazprom and Ukrania Case Study
      Economical freedom map
      In-class exercise 1
      In class exercise 1_2

      Week 6 - The international legal environment

      This session will go through some methods, regulations, and legal aspects when carrying out international trade at global level taking into account as well specific areas that are key aspects at local level. This scenario make the planning more complex when trying to internationalize any company because it obliges you to adjust the current standards, highlighting the rights and obligations of the parties and stakeholders involved in the international trade, since the legal procedures of each country differ. The session will include the complexity when disputes arise between nations and parties or between parties residing in or doing business in different countries.

      Week description
      Key concepts
      Literature for this session
      Case study
      Legal aspects and PESTLE

      Week 7 - Market research and information systems in international marketing

      This session is focused on the obvious need of carrying our techniques of data research from the markets we want to entry or simply evaluate as potential customers or partners in a similar way we gather data from different segments in our local market to plan strategies and tactics. Moreover, the students will understand how the information systems could not only work at local level but they could as well be structured to face global data management with many possibilities under the business intelligence perspective to ensure an effective marketing and commercial effectiveness.

      Week description
      Key concepts
      Literature for this session
      Market research; why and how.
      Additional literature: Focus Groups

      Week 8 - Multinational market regions and market groups

      This session will evaluate the development of the main big regions in the world under an economical perspective applied to international trade, identifying the most important points to be taken into account when carrying out international business in those areas of the world. This session will be used as well for the In-Class Exercise, in which every student will have to do an online exercise in class consisting of 10 multiple-choice questions covering the learning acquired up-to-date, as it is explained previously above.

      Week description
      Key concepts
      Literature for this session
      In-class exercise 2
      In class exercise 2_2
      In class exercise 2_3
      In-class exercise 2-2

      Week 9 - Planning and managing market entry strategies and products

      This session will analyze two different areas. Firstly, the practical approach to enter or reject a market, by means of several well established techniques. Secondly, the implications of offering an international service or product and their implications in our planning from local to global level.

      Week description
      Key concepts
      Literature for this session
      Case study
      HSBC country guide

      Week 10 - Global distribution and pricing

      This session will be focused on two key elements of marketing when implementing international market plans: the logistics and the pricing, which acquire an extremely higher dimension at international level, depending on many variables when planning strategies and tactics, as the decision making process needs a complex evaluation of variables which are independent from one country to another.

      Week description
      Key concepts
      Literature for this session

      Week 11 - International Promotion, Sales, and Negotiation

      This session will give students an update review about how technology is positively influencing the way of doing business internationally, and how it contributes to the efficiency of many parts of the processes involved in the international trade. The session will connect the aspects regarding with the communication, promotion, and advertising at international level with the usage of the technology applied to them.

      Week description
      Key concepts
      Literature for this session

      Week 12 - International marketing: planning, implementation and control (I)

      The session will be a general overview of the international global marketing process from planning and organization when a product or service is being offered to a multicultural target of consumers, evaluating different types of business. This session will be used as well for the In-Class Exercise, in which every student will have to do an online exercise in class consisting of 10 multiple-choice questions covering the learning acquired up-to-date, as it is explained previously above.

      Week description
      Key concepts
      Literature for this session
      Case study
      In-class exercise 3
      In class exercise 3_2

      Week 13 - International marketing: planning, implementation and control (II)

      This session will be a continuation of the previous one, but adding new elements in the process such as negotiation aspects related to the stakeholders involved in the processes.

      Week description
      Key concepts
      Literature for this session
      Market Plan Presentation

      Week 14 - International Market plan presentation and preparation for submission

      This session will be used for the final-term assessment preparation and questions/doubts review, following the guidelines established in section 8. Every student must present his/her International Market Plan for the given company. Students will receive feedback from the module leader after their presentations and they will incorporate the feedback into their final plan.

      Week description
      Key concepts
      Literature for this session
      International Market Plan