Should you use distributors or start with own Legal entity when going international? What are the benefits and what can be mayor pitfalls in each of these scenarios?
A joint venture partnership involves sharing both equity and profits between partners. For example, one partner may contribute 70% of the capital and work at a below-market salary for a year, while the other contributes 30% of capital, guarantees a bank loan, and provides intellectual property, resulting in a 60/40 split of company ownership and profits. Company-owned outlets are stores directly owned and operated by a franchisor, identical in appearance to franchised outlets, and allowing the company to retain 100% of profits rather than sharing with franchisees. Dealerships and distributorships involve selling products to third parties at wholesale prices to establish distribution channels.
There are several types of retail ownership structures. Independent retailers make up the majority of stores but a smaller percentage of sales, while chains have bargaining power from centralized purchasing. Franchising allows franchisees to operate under an established brand in exchange for fees and royalties. Leased departments in department stores are rented spaces responsible for their own operations. Vertical marketing systems integrate manufacturing, wholesaling, and retailing to varying degrees under shared or single ownership.
This document discusses the challenges companies face when sourcing goods from low-income populations and rural areas. Key challenges include the high costs of distributing supplies, collecting outputs, and monitoring suppliers in remote locations. Partnering with local organizations can help but often results in mismatched priorities or operational differences. Other common problems involve uncertain cash flows, gauging demand accurately, and difficulties with sales and distribution in fragmented markets. The document provides examples of solutions such as repackaging products, using credit, and teaming up with established local partners. It also notes risks such as damage to brand image that companies must consider when developing new business models to serve low-income communities.
This document discusses analyzing competitors and different types of competitors. It provides examples of industry competitors like Coca Cola and Pepsico. There are two main types of competitors: industry competitors, which are classified based on factors like product differentiation and barriers to entry/exit; and market competitors, which can help a firm tap into new markets while minimizing competition. The document advocates using "blue ocean thinking" to find unoccupied market positions that create real value innovation, like how a Belgian movie theater company created a unique low-cost cinema experience.
1. The document discusses the various modes that firms use to enter international markets, including exporting, licensing, franchising, and interfirm cooperation.
2. It explains that licensing allows firms to capitalize on existing R&D without a large capital investment or involvement in foreign markets, but it may create competitors.
3. Franchising provides financial gains and allows market access but requires standardization and adaptation to local conditions. Interfirm cooperation can be used for market development and risk sharing.
This document discusses various pricing strategies and programs that a company can use to adapt prices based on changing circumstances and opportunities. It covers geographical pricing to account for location-based differences, forms of international trade involving bartering or offsets, the risks of overusing discounts, and types of promotional pricing like loss leaders, rebates, and financing. It also explains differential pricing approaches like discriminating prices for customer segments, product versions, channels, locations, seasons, or early vs. late purchases. The goal is to help companies set prices that meet varying needs.
This document discusses how companies can analyze competition within their industry. It outlines Michael Porter's five competitive forces model which identifies industry competitors, substitute products, potential entrants, buyers' bargaining power, and suppliers' bargaining power as key factors that determine the attractiveness of an industry. The document then provides tips for companies to identify their direct and indirect competitors based on satisfying similar customer needs. It also offers strategies for analyzing competitors' objectives, strengths, weaknesses, and strategies to determine how to position themselves against competitors. Finally, it stresses the importance of balancing a customer-centered approach with monitoring competitors.
This document discusses various forms of nontraditional retailing, including direct marketing, direct selling, and e-retailing. Direct marketing involves customers being exposed to goods through nonpersonal media like mail, phone or computer and ordering without visiting a store. It is a $300 billion industry in the US. E-retailing is the fastest growing form of nonstore retailing and allows retailers to reach geographically dispersed customers conveniently. Other nontraditional formats discussed are video kiosks and airport retailing which benefit from captive audiences.
A joint venture partnership involves sharing both equity and profits between partners. For example, one partner may contribute 70% of the capital and work at a below-market salary for a year, while the other contributes 30% of capital, guarantees a bank loan, and provides intellectual property, resulting in a 60/40 split of company ownership and profits. Company-owned outlets are stores directly owned and operated by a franchisor, identical in appearance to franchised outlets, and allowing the company to retain 100% of profits rather than sharing with franchisees. Dealerships and distributorships involve selling products to third parties at wholesale prices to establish distribution channels.
There are several types of retail ownership structures. Independent retailers make up the majority of stores but a smaller percentage of sales, while chains have bargaining power from centralized purchasing. Franchising allows franchisees to operate under an established brand in exchange for fees and royalties. Leased departments in department stores are rented spaces responsible for their own operations. Vertical marketing systems integrate manufacturing, wholesaling, and retailing to varying degrees under shared or single ownership.
This document discusses the challenges companies face when sourcing goods from low-income populations and rural areas. Key challenges include the high costs of distributing supplies, collecting outputs, and monitoring suppliers in remote locations. Partnering with local organizations can help but often results in mismatched priorities or operational differences. Other common problems involve uncertain cash flows, gauging demand accurately, and difficulties with sales and distribution in fragmented markets. The document provides examples of solutions such as repackaging products, using credit, and teaming up with established local partners. It also notes risks such as damage to brand image that companies must consider when developing new business models to serve low-income communities.
This document discusses analyzing competitors and different types of competitors. It provides examples of industry competitors like Coca Cola and Pepsico. There are two main types of competitors: industry competitors, which are classified based on factors like product differentiation and barriers to entry/exit; and market competitors, which can help a firm tap into new markets while minimizing competition. The document advocates using "blue ocean thinking" to find unoccupied market positions that create real value innovation, like how a Belgian movie theater company created a unique low-cost cinema experience.
1. The document discusses the various modes that firms use to enter international markets, including exporting, licensing, franchising, and interfirm cooperation.
2. It explains that licensing allows firms to capitalize on existing R&D without a large capital investment or involvement in foreign markets, but it may create competitors.
3. Franchising provides financial gains and allows market access but requires standardization and adaptation to local conditions. Interfirm cooperation can be used for market development and risk sharing.
This document discusses various pricing strategies and programs that a company can use to adapt prices based on changing circumstances and opportunities. It covers geographical pricing to account for location-based differences, forms of international trade involving bartering or offsets, the risks of overusing discounts, and types of promotional pricing like loss leaders, rebates, and financing. It also explains differential pricing approaches like discriminating prices for customer segments, product versions, channels, locations, seasons, or early vs. late purchases. The goal is to help companies set prices that meet varying needs.
This document discusses how companies can analyze competition within their industry. It outlines Michael Porter's five competitive forces model which identifies industry competitors, substitute products, potential entrants, buyers' bargaining power, and suppliers' bargaining power as key factors that determine the attractiveness of an industry. The document then provides tips for companies to identify their direct and indirect competitors based on satisfying similar customer needs. It also offers strategies for analyzing competitors' objectives, strengths, weaknesses, and strategies to determine how to position themselves against competitors. Finally, it stresses the importance of balancing a customer-centered approach with monitoring competitors.
This document discusses various forms of nontraditional retailing, including direct marketing, direct selling, and e-retailing. Direct marketing involves customers being exposed to goods through nonpersonal media like mail, phone or computer and ordering without visiting a store. It is a $300 billion industry in the US. E-retailing is the fastest growing form of nonstore retailing and allows retailers to reach geographically dispersed customers conveniently. Other nontraditional formats discussed are video kiosks and airport retailing which benefit from captive audiences.
Groupon was established in 2008 as an advertising and marketing company that began in Chicago and operates in 500 markets across 44 countries. It works on a daily deals model, where it features discounted deals from local businesses. While it grew rapidly initially, its growth has declined in recent years. It has faced challenges including lack of customer loyalty, improper financial reporting, and intense competition. To address its problems, recommendations include offering customized deals, targeting higher-end merchants, implementing customer relationship management, and advising partner businesses on best practices.
The document discusses the e-commerce market in India and strategies for small online retailers to succeed. It notes that a few major players like Flipkart, OLX, and Snapdeal dominate the online retail market. This creates enormous competition for small retailers to attract customers. However, small retailers can prosper by adopting innovative strategies like building their brand through aggressive initial marketing, making their site easy to use, and establishing credibility by exceeding customer expectations. The document also proposes an "umbrella website" business model that allows multiple small retailers to sell through one platform.
Increasing company value by sales channels choices 1.1Greg Nutkins
This document discusses different sales channel strategies for software companies, specifically comparing direct sales versus indirect/partner channels. It notes that indirect channels can help reach new geographies and customer segments in a more cost-effective manner by spreading sales and support costs across multiple product lines. However, direct sales may be preferable for large deals and customers. The document provides financial models comparing the profitability of different channels and qualitative factors to consider. It also outlines what resellers/partners look for in vendors, how they should be compensated, and keys to a successful partner program like transparency into results and treating partners as extensions of the company.
The document discusses global marketing and internationalization. It defines global marketing as coordinating marketing activities across different country markets to create exchanges that satisfy individual, organizational, and societal goals. Internationalization is increasing involvement in international operations, with advantages like risk spreading but also disadvantages like cultural barriers. The document outlines decisions involved in major international marketing like market selection factors, entry strategies, and channel management.
The document discusses various strategies for achieving profit and growth, including developing new products, retaining customers, increasing market share, optimizing organizational structure and processes, and coaching sales representatives. It emphasizes focusing resources on high-growth opportunities, balancing product portfolios at different lifecycle stages, and moving performance toward superiority through talent mapping and development.
Agencies follow an annual budgeting and planning cycle to determine clients' advertising spending. They develop strategic plans, conduct research, and create budgets months in advance of placing ads. Agencies are motivated to acquire and retain lucrative accounts that spend heavily on television. They seek strategic partners rather than just fulfilling orders. When budgets are reduced mid-year, agencies prioritize keeping desired programs and elements before cutting other insertions. Long-term success requires demonstrating client-oriented benefits of annual programs rather than short-term vendor goals.
Guide to selling internationally in the B2B domainVichinth
Every corporations is operating in a global marketplace. Even a takeaway down the street is competing with Mcdonalds for a pie of customer spend. If a corporation's competition is global why should not its market be the same.
If you have any doubts just look at two countries Germany and China, they have become economic powerhouse based on their exports
Business Pan for my previous startup Intellex Marketing, a retail media and marketing analytics firm, which delivers targeted promotions and marketing messages in a modern trade store at the POS in the form of printed coupons. Each promotion is customized based on the basket contents. Our solution is a great tool for brand marketers and merchandisers to reach their target segment thereby reducing marketing spillage and influencing shopper behavior.
This document discusses marketing strategy and channels of distribution. It provides an overview of key concepts like segmentation, targeting, positioning, and the importance of channels. It also discusses types of intermediaries like distributors, wholesalers and retailers. Specific examples are provided, like Caterpillar's global distribution network and GE Appliances' strategy of reducing dealer inventory and saturation. The document emphasizes defining appropriate levels of service for different customer groups through various distribution channels.
Enhanxit international business developmentEnhanxit SL
This document discusses strategies for international business development. It covers objectives like determining the best markets and products to enter, choosing sales channels, and adapting organizational structures. Key points discussed include:
- Evaluating products/services based on their competitiveness, market needs, and ability to be commercialized internationally. This determines what to offer in new markets.
- Selecting markets through a preliminary evaluation of economic indicators, followed by an in-depth analysis of industry forecasts, entry conditions, competition, customers, and industry history.
- Considering options like product standardization or adaptation when entering new markets. Adaptation may add more value but at a higher cost.
- Indirect sales channels can provide a cost
The ten elements of a strong business modelGnowit Inc
The document outlines the 10 basic elements of a strong business model: 1) value proposition, 2) target market, 3) sales/marketing, 4) production, 5) distribution, 6) revenue model, 7) cost structure, 8) competition, 9) unique selling proposition, and 10) market size, growth, and share. It describes what should be considered for each element, such as defining the customer's problem for the value proposition or estimating costs for the cost structure. The goal is to explain to investors how the business will cover costs and make a return in a growing market segment.
In these economic times, companies must find new ways to grow revenues. The Partner community and it\'s extended sales force is the #1obvious choice. Palladin will show you how to implement Best Practices to develop predictable forecasting & new revenue growth with select Partners.
The document discusses key concepts in global marketing. It defines global marketing as coordinating marketing activities across countries to satisfy individual, organizational, and societal goals. It outlines the evolution from a core domestic strategy to an internationalized strategy and finally a globalized strategy. Some key considerations for global marketing decisions include political/regulatory environment, financial/economic factors, socio-cultural issues, competition, and local infrastructure. Channel management is also discussed as developing strategies, policies, and programs for selling and servicing customers through various marketing channels.
The document discusses various strategies that multinational companies use to organize their global marketing operations. It describes how companies have moved from standardization to localization approaches over the decades. Common strategies discussed include decentralization, adapting to local tastes, and focusing on long term planning. The planning process for global markets is outlined in four phases: preliminary analysis, adapting the marketing mix, developing a marketing plan, and implementation. Alternative market entry strategies like exporting, contractual agreements, direct foreign investment are also summarized.
Rockaway Academy #1 – Market research with Kristýna Melicharová (Rockaway VCT)RockawayCapital
The document provides guidance on conducting market research to understand customer needs and the competitive landscape. It recommends using market research to determine the total addressable market size and growth opportunities. Competitive research should analyze competitors' strengths, products, pricing, and customer perceptions. User research such as interviews, surveys, and usability testing provides insights into how customers use products and which features are most valuable. Continuous monitoring of key performance indicators keeps track of business and market trends. Proper research ensures businesses invest in the right areas and differentiate themselves from competitors.
The document discusses the Like-For-Like business model of ONE Water, which sells bottled water in developed markets and uses profits to fund clean drinking water projects in developing countries. It analyzes issues with scaling the model, including monitoring NGO partners, performance measurement, and reliance on pro bono work. Recommendations include developing a pool of for-profit business partners, diversifying NGO partnerships, expanding products and geographies, reducing the plowback ratio, and implementing conventional pricing. The sustainable growth of ONE Water will require partnerships, pricing strategies, and professional management.
This document outlines the role and strategies of trade marketing. It discusses planning strategies to increase brand visibility and loyal customer base. It emphasizes innovating promotions to engage shoppers and build the brand. Managing the trade marketing budget and reporting on key metrics are also important. The strategies suggested include improving in-store visibility and activities, participating in promotions, utilizing different advertising channels, and bundling products for targeted outlets. The overall goal is profitable growth through better merchandising and activation across retail channels.
This document discusses key concepts in marketing for the 21st century. It begins by defining marketing as creating, communicating, and delivering value to customers to benefit the organization. Marketing management is choosing target markets and getting, keeping, and growing customers through superior customer value. The core concepts discussed include needs, wants, demands, target markets, positioning, offerings, value, satisfaction, and competition. The document also discusses how the modern marketplace has changed due to technology, globalization, and informed consumers. It outlines the main tasks of marketing management and tools for analysis like SWOT and competitive dynamics using Porter's five forces model.
Sprouts Farmers Market outlined its strategy for 2020 and beyond which includes winning over its target customer segment, refining its brand and marketing approach, updating store formats, expanding in select markets, creating an advantaged fresh supply chain, and delivering on financial targets including 10%+ unit growth, low single digit comparable store sales growth, stable to expanding operating margins, and expansion of return on invested capital. The strategy is aimed at driving low double-digit earnings growth and leveraging strong cash flow generation to self-fund 10% annual unit growth.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Groupon was established in 2008 as an advertising and marketing company that began in Chicago and operates in 500 markets across 44 countries. It works on a daily deals model, where it features discounted deals from local businesses. While it grew rapidly initially, its growth has declined in recent years. It has faced challenges including lack of customer loyalty, improper financial reporting, and intense competition. To address its problems, recommendations include offering customized deals, targeting higher-end merchants, implementing customer relationship management, and advising partner businesses on best practices.
The document discusses the e-commerce market in India and strategies for small online retailers to succeed. It notes that a few major players like Flipkart, OLX, and Snapdeal dominate the online retail market. This creates enormous competition for small retailers to attract customers. However, small retailers can prosper by adopting innovative strategies like building their brand through aggressive initial marketing, making their site easy to use, and establishing credibility by exceeding customer expectations. The document also proposes an "umbrella website" business model that allows multiple small retailers to sell through one platform.
Increasing company value by sales channels choices 1.1Greg Nutkins
This document discusses different sales channel strategies for software companies, specifically comparing direct sales versus indirect/partner channels. It notes that indirect channels can help reach new geographies and customer segments in a more cost-effective manner by spreading sales and support costs across multiple product lines. However, direct sales may be preferable for large deals and customers. The document provides financial models comparing the profitability of different channels and qualitative factors to consider. It also outlines what resellers/partners look for in vendors, how they should be compensated, and keys to a successful partner program like transparency into results and treating partners as extensions of the company.
The document discusses global marketing and internationalization. It defines global marketing as coordinating marketing activities across different country markets to create exchanges that satisfy individual, organizational, and societal goals. Internationalization is increasing involvement in international operations, with advantages like risk spreading but also disadvantages like cultural barriers. The document outlines decisions involved in major international marketing like market selection factors, entry strategies, and channel management.
The document discusses various strategies for achieving profit and growth, including developing new products, retaining customers, increasing market share, optimizing organizational structure and processes, and coaching sales representatives. It emphasizes focusing resources on high-growth opportunities, balancing product portfolios at different lifecycle stages, and moving performance toward superiority through talent mapping and development.
Agencies follow an annual budgeting and planning cycle to determine clients' advertising spending. They develop strategic plans, conduct research, and create budgets months in advance of placing ads. Agencies are motivated to acquire and retain lucrative accounts that spend heavily on television. They seek strategic partners rather than just fulfilling orders. When budgets are reduced mid-year, agencies prioritize keeping desired programs and elements before cutting other insertions. Long-term success requires demonstrating client-oriented benefits of annual programs rather than short-term vendor goals.
Guide to selling internationally in the B2B domainVichinth
Every corporations is operating in a global marketplace. Even a takeaway down the street is competing with Mcdonalds for a pie of customer spend. If a corporation's competition is global why should not its market be the same.
If you have any doubts just look at two countries Germany and China, they have become economic powerhouse based on their exports
Business Pan for my previous startup Intellex Marketing, a retail media and marketing analytics firm, which delivers targeted promotions and marketing messages in a modern trade store at the POS in the form of printed coupons. Each promotion is customized based on the basket contents. Our solution is a great tool for brand marketers and merchandisers to reach their target segment thereby reducing marketing spillage and influencing shopper behavior.
This document discusses marketing strategy and channels of distribution. It provides an overview of key concepts like segmentation, targeting, positioning, and the importance of channels. It also discusses types of intermediaries like distributors, wholesalers and retailers. Specific examples are provided, like Caterpillar's global distribution network and GE Appliances' strategy of reducing dealer inventory and saturation. The document emphasizes defining appropriate levels of service for different customer groups through various distribution channels.
Enhanxit international business developmentEnhanxit SL
This document discusses strategies for international business development. It covers objectives like determining the best markets and products to enter, choosing sales channels, and adapting organizational structures. Key points discussed include:
- Evaluating products/services based on their competitiveness, market needs, and ability to be commercialized internationally. This determines what to offer in new markets.
- Selecting markets through a preliminary evaluation of economic indicators, followed by an in-depth analysis of industry forecasts, entry conditions, competition, customers, and industry history.
- Considering options like product standardization or adaptation when entering new markets. Adaptation may add more value but at a higher cost.
- Indirect sales channels can provide a cost
The ten elements of a strong business modelGnowit Inc
The document outlines the 10 basic elements of a strong business model: 1) value proposition, 2) target market, 3) sales/marketing, 4) production, 5) distribution, 6) revenue model, 7) cost structure, 8) competition, 9) unique selling proposition, and 10) market size, growth, and share. It describes what should be considered for each element, such as defining the customer's problem for the value proposition or estimating costs for the cost structure. The goal is to explain to investors how the business will cover costs and make a return in a growing market segment.
In these economic times, companies must find new ways to grow revenues. The Partner community and it\'s extended sales force is the #1obvious choice. Palladin will show you how to implement Best Practices to develop predictable forecasting & new revenue growth with select Partners.
The document discusses key concepts in global marketing. It defines global marketing as coordinating marketing activities across countries to satisfy individual, organizational, and societal goals. It outlines the evolution from a core domestic strategy to an internationalized strategy and finally a globalized strategy. Some key considerations for global marketing decisions include political/regulatory environment, financial/economic factors, socio-cultural issues, competition, and local infrastructure. Channel management is also discussed as developing strategies, policies, and programs for selling and servicing customers through various marketing channels.
The document discusses various strategies that multinational companies use to organize their global marketing operations. It describes how companies have moved from standardization to localization approaches over the decades. Common strategies discussed include decentralization, adapting to local tastes, and focusing on long term planning. The planning process for global markets is outlined in four phases: preliminary analysis, adapting the marketing mix, developing a marketing plan, and implementation. Alternative market entry strategies like exporting, contractual agreements, direct foreign investment are also summarized.
Rockaway Academy #1 – Market research with Kristýna Melicharová (Rockaway VCT)RockawayCapital
The document provides guidance on conducting market research to understand customer needs and the competitive landscape. It recommends using market research to determine the total addressable market size and growth opportunities. Competitive research should analyze competitors' strengths, products, pricing, and customer perceptions. User research such as interviews, surveys, and usability testing provides insights into how customers use products and which features are most valuable. Continuous monitoring of key performance indicators keeps track of business and market trends. Proper research ensures businesses invest in the right areas and differentiate themselves from competitors.
The document discusses the Like-For-Like business model of ONE Water, which sells bottled water in developed markets and uses profits to fund clean drinking water projects in developing countries. It analyzes issues with scaling the model, including monitoring NGO partners, performance measurement, and reliance on pro bono work. Recommendations include developing a pool of for-profit business partners, diversifying NGO partnerships, expanding products and geographies, reducing the plowback ratio, and implementing conventional pricing. The sustainable growth of ONE Water will require partnerships, pricing strategies, and professional management.
This document outlines the role and strategies of trade marketing. It discusses planning strategies to increase brand visibility and loyal customer base. It emphasizes innovating promotions to engage shoppers and build the brand. Managing the trade marketing budget and reporting on key metrics are also important. The strategies suggested include improving in-store visibility and activities, participating in promotions, utilizing different advertising channels, and bundling products for targeted outlets. The overall goal is profitable growth through better merchandising and activation across retail channels.
This document discusses key concepts in marketing for the 21st century. It begins by defining marketing as creating, communicating, and delivering value to customers to benefit the organization. Marketing management is choosing target markets and getting, keeping, and growing customers through superior customer value. The core concepts discussed include needs, wants, demands, target markets, positioning, offerings, value, satisfaction, and competition. The document also discusses how the modern marketplace has changed due to technology, globalization, and informed consumers. It outlines the main tasks of marketing management and tools for analysis like SWOT and competitive dynamics using Porter's five forces model.
Sprouts Farmers Market outlined its strategy for 2020 and beyond which includes winning over its target customer segment, refining its brand and marketing approach, updating store formats, expanding in select markets, creating an advantaged fresh supply chain, and delivering on financial targets including 10%+ unit growth, low single digit comparable store sales growth, stable to expanding operating margins, and expansion of return on invested capital. The strategy is aimed at driving low double-digit earnings growth and leveraging strong cash flow generation to self-fund 10% annual unit growth.
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The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
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This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
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buy old yahoo accounts buy yahoo accountsSusan Laney
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
2. Decision is made, your pharma business is going international.
But should you use Distributors or start your own Legal entity?
What are the benefits and what can bee pitfalls of each of these two
models?
3. Retail price
Gross WS price
NET WS price
Investments
ExW/CIP Price
Distributor's
Profit
COGS
After investments in Marketing &Sales, operations and other
expenses
Gross Margin Manufacturers basic profitability
Distributor model
Retail Margin Pharmacy margin
WS Margin Mandatory and non-mandatory WS margins
Distributor fee - difference between ExW/CIP and NET WS Price
and/or marketing expense share
PRO
Significantly lower OPCO
Experienced local teams, Distributors market knowledge and
contacts
Established relations with TA KOLs and KA
CONTRA
Less control over SF activities, portfolio cherry picking
Product focus/seasonality on distributor
Lower Gross margin and profitability
Distributors model is interesting:
Related to companies:
a) Companies interested in international sales,
no capabilities for expansion
b) Medium to large companies focused on
other markets;
c) Companies that look for market/ sales
creation before entrance with own entity;
Related to market type:
a) Small markets does not justify investment in
time, people and money;
b) Emerging markets out of current focus;
c) Regional markets; distributor cover several
markets with centralized communication to
principal (Logistics, marketing, regulatory);
4. When is the time for Own Legal Entity:
Related to companies:
a) Company expanding territories, increasing
recognition, brand value and M&A value;
b) Expansion after acquisition;
c) Market/ sales developed by distributors;
Related to products:
a) Products with established sales via
distributors, transfer to own entity and
portfolio enlargement;
b) Acquisition entrance, distributors agreement
termination;
c) Specific products: Short time to market/
Satisfying target market value/ Added value
products;
Retail price
Gross WS price
Net CIP Price
COGS
Additional profitability after investments in Marketing &Sales,
operations and other expenses
Manufacturers basic profitability
Gross Margin
Own Legal Entity
Retail Margin Pharmacy margin
WS Margin Mandatory and non-mandatory WS margins
PRO:
Full control on portfolio and activities,
Building company Identity, brand equity, recognition
Logistic activities centralized (in compare with scenario of several
distirbutors)
Direct communications with authorities
Higher Gross margin and profitability
CONTRA:
Significantly increased OPCO
HR issues