International Market Entry Strategies

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22 Terms

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Global Marketing and Consumer Behavior

represents the study and execution of marketing strategies tailored to international markets while analyzing how cultural, economic, and technological factors influence buyer decision-making worldwide.

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Standardization

Using the same product, pricing, distribution, and promotional strategies globally.

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Adaptation (localization)

Modifying elements of the marketing mix (Product, Price, Place, Promotion) to meet local requirements, tastes, and laws.

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Glocalization

A hybrid strategy where companies establish a cohesive global brand footprint while adapting product features or marketing messages to local markets.

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International branding

involves creating and managing a brand's identity, perception, and equity across multiple national borders.

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Transcreation

adapting idioms, imagery, tone, and user experiences (UX) to fit local cultural norms.

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Social Commerce

integrates e-commerce capabilities directly within social media platforms, enabling consumers to discover, browse, and purchase products without leaving the app.

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Global supply chain management

involves planning, implementing, and controlling the cross-border movement of goods, services, information, and capital to maximize efficiency, customer value, and competitive advantage on a global scale.

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Logistics and transport

are responsible for the physical movement and storage of raw materials and finished goods across national borders.

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Incoterms

Standardized rules established by the International Chamber of Commerce (ICC) defining responsibilities, costs, and risks between buyers and sellers in international trade (e.g., FOB, CIF, DDP).

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Global procurement

is the strategic process of sourcing materials, components, or services from suppliers around the world to leverage cost benefits, quality advantages, or technical capabilities.

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Offshoring

Relocating or sourcing to distant countries

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Nearshoring

Shifting sourcing to geographically adjacent countries to reduce lead times and transit costs while improving control.

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Reshoring/onshoring

Bringing production back to the domestic market to enhance supply reliability and reduce geopolitical exposures.

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Supplier relationship management

Building collaborative, long-term partnerships with critical suppliers to drive continuous innovation, consistent quality, and priority delivery access.

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Total Cost of Ownership (TCO):

Evaluating global procurement options based on all associated costs—including freight, tariffs, taxes, inventory holding, and quality control—rather than unit purchase price alone.

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Supply chain resilience

the ability of an end-to-end supply chain to anticipate, withstand, adapt to, and recover quickly from major disruptions.

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Diversification

Moving away from single-source suppliers or single-region manufacturing (such as "China + 1" strategies) to spread operational risk.

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Agile manufacturing

Developing flexible production capacity that can quickly switch between suppliers, routes, or product variants during crises.

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Supply chain digitalization

involves integrating advanced technologies into supply chain operations to increase visibility, automation, and decision-making capabilities.

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Supply chain risk management

involves systematically identifying, assessing, and mitigating vulnerabilities across the global network.

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Blockchain technology

offers a decentralized, tamper-proof ledger system that enhances trust, transparency, and traceability across global supply networks.