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39. The basics of international and global marketing

International marketing is the application of marketing principles in more than one country, by companies overseas or across national borders. International marketing is based on an extension of a company’s local marketing strategy, with special attention paid to marketing identification, targeting, and decisions internationally.

Global marketing is a firm's ability to market to almost all countries on the planet. With extensive reach, the need for a firm's product or services is established. The global firm retains the capability, reach, knowledge, staff, skills, insights, and expertise to deliver value to customers worldwide.

Elements of global marketing are:

A global company is one that can create a single product and only have to tweak elements for different markets.

Price is affected by many variables: cost of product development, cost of ingredients, cost of delivery.

How the product is distributed is also a country-by-country decision influenced by how the competition is being offered to the target market.

Promotion (specifically advertising) is generally the largest line item in a global company’s marketing budget. At this stage of a company’s development, integrated marketing is the goal.

40. Role of marketing in national projects and public administration

The role of marketing in society have increased in recent years, the tendency to extend its application areas seems to be evident; one of these is the public administration, where the reform requires mechanisms and modern methods of approach, the marketing field being included.

Marketing in public administration is an ensemble of processes and marketing relationship, well determined between the components of the administrative system, through which, as a public power, carried out are the laws and/or the activities involved in the development of services are planned, organized, coordinated, managed and controlled to meet the public interest”

the public administration marketing is a process of „market" research, which leads finally, to its knowledge in connection with all factors relating to the citizens' needs and preferences, the way to meet them, to the elements which accelerate or hinder the public administration process.

Today, the world is one market. The rapid advance of globalization means that every country, every city and every region must compete with every other for its share of the world’s consumers, tourists, investors, students, entrepreneurs, international sporting and cultural events, and for the attention and respect of the international media, of other governments, and the people of other countries.

Today, most countries promote their products and services and steer their reputation as best they can, but they seldom do it in a coordinated way:

    1. schools, colleges and universities promote their courses to students and researchers at home and abroad

    2. the tourist board promotes the country to holidaymakers and business travelers

    3. the investment promotion agency promotes the country to foreign companies and investors

Place Marketing - Marketing designed to influence target audiences to behave in some positive manner with respect to the products or services associated with a specific place.

Or Strategic management of exchanges that take place in territorial scope, strengthening the competitiveness and the image of a place by value creation and delivery to its different markets and investments attraction to ensure its sustainable development in the long term.

Place brands are all about making a place’s companies and investment attractive, to support its export industries, to serve public diplomacy and to provide its citizens a sense of identity and self-esteem.

It might get mixed up:

    1. Nation Branding

    2. Country of Origin Branding

    3. City Branding

    4. Destination Branding

    5. Culture and Entertainment Branding

Place product:

  1. Infrastructure and public services

  2. Superstructure and attractions

  3. sustainability

Gold Coast Case Study

Gold Coast City Transport Strategy 2031 – action program with extensive public consultation that sets out a plan for significant improvements to public transport network as well as the improvement in the management and maintenance of roads to meet future demand.

Gold Coast Markets:

Action program to attract new residents and increase the competitiveness of the city focused in supporting a knowledge - based economy in order to develop a workforce with higher education qualifications; strengthening links between industry and universities to support research and innovation; increase knowledge in Science, Technology, Engineering, Mathematics and arts …..

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