SlideShare a Scribd company logo
1
IDENTIFICATION OF KEY SUCCESS FACTORS OF
STRATEGIES IN ENTERING THE INDIAN MARKET FOR EDIBLE PALM OIL
PRODUCTS FROM INDONESIA USING PEST ANALYSIS
Thesis
Untuk memenuhi persyaratan
Mencapai derajat Sarjana S - 2
Submitted By :
Ira Kristina Lumbantobing, SP
10/325335/pek/15945
MASTER OF MANAGEMENT PROGRAM
FACULTY OF ECONOMICS AND BUSINESS
UNIVERSITAS GADJAH MADA
2014
3
TABLE OF CONTENTS
Title Page 1
Approval Page 2
Table of Contents 3
Abstract 4
Chapter 1. Introduction 5
Chapter 2.Literature Review 7
Chapter 3. Research Methods 9
Chapter 4. Results and Discussion 10
Chapter 5. Conclusions and Recommendations 14
References 16
4
ABSTRACT
Indonesia's palm edible oil production is marketed to the domestic market
or consumed by the international consumers throughout the world including the
Indian market. To be able to execute a strategy to enter the Indian market,
Indonesian palm edible oil producers that have export potential should have the
right information about the Indian market to take advantage of opportunities palm
oil exports to the Indian market.
The primary objective of this study is to provide a clear picture of the
opportunities and challenges that will be faced in the Indian market by each palm
edible oil producers that have the potential to enter the Indian market by
exporting. After describing the Indian market, strategic recomendations to enter
the Indian market will be provided.
The results show that the Indian market is increasingly open for palm
edible oil products from Indonesia, but each potential producer must first establish
cooperation (networking) with a local company. So supporting factors such as
communication lines, distribution channels and marketing resources can support a
strategy to enter the Indian market.
Keywords: PEST analysis, market entry strategies, export, joint venture, key
success factor, supply chain, value chain, strategic alliances, partnerships,
edible oil.
5
CHAPTER I
INTRODUCTION
1.1 Background
Based on the amount of data obtained, both the needs of cooking oil in the
international markets such as China, India, and the EU as well as in the domestic
market is filled by Indonesian edible palm oil production. But the European Union
countries have been importing palm oil for biodiesel production. For the needs of
the food industry, people of EU consume more sunflower oil and soybean oil.
Market opportunities for edible palm oil derived from Indonesian palm oil
in India is driven by an increasing consumption of edible palm oil as the
population grows. By considering the growth of the Indian economy and the ever
increasing population growth of India in the next year, it is certain that the people
of India’s edible palm oil consumption will increase
To be able to execute a strategy to enter the Indian market, Indonesian
edible palm oil producers that have export potential should have the right
information about the Indian market to take advantage of edible palm oil export
opportunities to the Indian market (Sinaga, 2012).
Characteristics of edible palm oil consumption pattern of the Indian
community is the variation option (request) to the existing types of edible oils, due
to variations in food culture of Indian society. Variations in the volume of demand
for each type of edible oil consumed by India led to different target markets,
which depends on the area where the edible palm oil are consumed. India is a vast
country with a population that is spread across several provinces in the country
that has a very varied preferences for types of edible oil which is largely
dependent on consumer tastes, culture and availability of products related to
edible oil in the region.
India also has oil palm plantations that also produce palm oil for local
consumption. The oil palm plantations has increased during this production
(USDA, 2013). The increase in the production of local Indian plantation is not in
6
harmony with the consumption increase as the projected growth of the population
of India has not been able to meet the domestic needs of the people including
edible palm oil.
As a country with diverse consumption habits for edible palm oil products
ofIndia has a specific consumer behavior for cooking oil (edible oil) which
depends on the area where the largest buyers are consumers who are used to select
edible oil made from palm oil and depends on availability of edible oil products
derived from palm oil in the area concerned. While some parts of India like
Andhra Pradesh, Karnataka, Tamil Nadu, Kerala and Andaman and Nicobar
Islands also produce local palm oil (USDA, 2013). Therefore, information is
needed by the Indonesian palm oil industry to take advantage of the opportunities
in the Indian market.
Because each country has specific characteristics and distinctive market for
any of the Indonesian industrial products, it is necessary to facilitate the Indian
market information for palm oil producers in Indonesia, with the potential to enter
the edible oil market in India. This information concerns the external aspect in the
Indian market. External factors, among others, in addition to knowing the political
or government policy factors affecting the market, economic conditions of Indian
society in general and consumers, social factors and technological factors
affecting the edible oil market in India are also required. Besides, it also includes
the market information that includes both the competitors from Indonesia, as well
as from other producers and manufacturers of substitute products in the Indian
market and in order to have a market entry strategy (market entry) located in the
Indian market.
Based on the background that has been prepared for this study, the problem
is then formulated for palm oil companies that have the potential to export to India
to get an overview of the political, social, economic and technological factors in
the Indian market, especially in the face of the magnitude of consumer demand
and the diversity of Indian society as well as the challenges to be faced to have a
good performance in India. Besides, supporting factors should also be noted as to
7
what should be owned by companies of palm oil producers to be able to enter the
Indian market.
1.2 Purpose and Objectives
The primary objective of this study is to provide a clear identification of the
opportunities and challenges that will be faced in the Indian market by each palm
oil producers that have the potential to enter the Indian market by exporting and
providing strategic advice to be successful. The focus is on exploiting the
capabilities and opportunities to face the challenges in the Indian market in order
to succeed and minimize weaknesses that might be owned by Indonesian palm oil
producers when entering the Indian market. In addition, this paper aims to
investigate whether the efficiency of the resources used can be improved further.
Strategic advice and opportunities for improvement are intended to be useful also
for Indonesian palm oil industry, especially for Indonesian palm oil producers that
have the potential to penetrate into the Indian market.
CHAPTER II
LITERATURE REVIEW
Any company or organization that is engaged in the business sector should
perform an analysis to understand the market before deciding to enter the market.
The focus is to understand the market understanding of consumer / buyer and
buyer behavior (Kotler, 1997).
Market segmentation is the basis for market analysis. Market segmentation
or clustering is a method of distinguishing market (differentiation) for the
behavior of the consumer market based on the location of the market area
(geographic segmentation), based on demographic variables (demographic
segmentation), based on social class or group lifestyle (psychographic
segmentation) and based on the use of consumer or lifestyle (behavioral
segmentation).
Geographic market segmentation starts from selecting the right location
for any business plan of each company to determine the success of the company
8
concerned. Market site selection decision is not only significantly important in
starting a business but also in order to expand the market of a company's products.
Taking into account the great influence of the selection of the location of the
market, then it is important to analyze the macro environment of the relevant
market (Thommen and Achleitner, 2003). Macro market environment is defined
as a part of the global environment consisting of various business actors and
strength that becomes the external environment related to companies that should
be considered a company's business decisions. Global movement in terms of
culture, lifestyle, demographics, politics, international law, economics and politics
has the ability to support or become an obstacle to the country, industry or
organization in achieving its objectives. Global companies typically have a macro
environment of more than 1 (one) state. Each state has varying macro-
environmental variation and different from other macro environment affecting the
industry and the market situation.
Austin (1990) adds four macro factors influential to the original
framework of Porter's five forces. These four factors include economic, political
factors, cultural and demographic. These factors are similar to the factors in Pestel
- framework (political, economic, social, technological, ecological and legal)
developed by Johnson et al. (2008). Analysis of the macro is used to scan the
macro environment, which considers political or legal environment, economic
environment, social culture environment or, environment technology, and
ecological or physical environment. Important forces that together make up the
opportunities and threats to companies in its industry. (Jobber, 2004).
Furthermore, Johnson et al (2008) noted that the SWOT analysis (Strengths,
Weaknesses, Opportunities, Threat) is a useful tool to generate strategic options
and assess the company's future course of action. SWOT analysis is a technique
that is credited to Albert Humphrey (1969). It is a transparent planning instrument
that can identify problem areas that are important to a company. It also allows the
company to learn about the current situation and reflect on what can be done to
improve the current situation (Sorensen, Vidal, and Engström, 2004).
9
After analyzing the external and internal environment, companies can
determine the competitive strategy to be used to achieve competitive goals.
Competitive strategies can be used to exploit opportunities in the corporate
environment with the company strength, and neutralize threats in the enterprise
environment while avoiding the weaknesses of the firm (Barney, 2007).
PESTEL or frequently PEST is used because some researchers suggest
that ecological and political elements of the law are included, rarely applied alone,
because the information provided is temporary and is more useful to complement
other analysis. Combined with SWOT, for example, PEST helps to understand the
risks associated with the launch of certain products to the market (Schildhouse,
2006).
According to Kumar (2008), India is a strategic area as a country with a
majority population who can speak English, low business operating costs because
it is supported by the Indian government's policy and has a growing market
potential.
Key Success Factor of some foreign companies in India are owned by,
among others, (1) the right information over the local business partner who knows
for sure about the target market and bureaucratic and procedural problems of
existing business, (2) The results of the study provide information powerful on the
market and competition, (4) Planning good operations, (5) The active due
diligence and follow-up that follows, (6) Patience and commitment, (7) the
existence of competent counsel, and (8) a clear understanding of the above rules,
standards and regulations applicable by the Indian government.
CHAPTER III
RESEARCH METHODS
Based on the results or facts obtained, the study is included as a desk study
(study based on historical data). This study uses literature review (desk study),
which is a systematic way of identifying problems, collect data, analyze
information, and draw conclusions and make recommendations. From the
literature, researcher can sharpen understanding of what is faced by any producer
10
of palm oil from Indonesia if they want to enter a new market namely the Indian
market, precisely formulated with a comprehensive analysis for the challenges
and demands of the global market, especially the Indian market.
In preparing this research, the stages are divided into 4 (four) stages,
starting with the preparation phase that began in early January 2013 with a look at
the opportunities and make observations on the Indian market which will be used
as case study, conduct a literature study followed by stages of data gathering. This
stage is done by compiling a list of data of export of Indonesian palm oil products
to the worldwide import and export data from multiple producers and consumers
of palm oil in the world through the study of documents and case studies where
historical data are related to the research objectives. The method of data collection
was done by Library Studies, Documentation, and observations. The data was
then validated by conducting unstructured interviews with relevant resource
persons (key person) with reference to the secondary data that has been analyzed
with the PEST analysis that has been collected. Interview results were analyzed
and interpreted by using the SWOT matrix.
CHAPTER IV
RESULTS AND DISCUSSION
This chapter describes the results of the analysis in accordance with the
formulation of the problem and research objectives. In this chapter, discussions
regarding market analysis conducted on the external environment faced by the
palm oil industry Indonesia in the Indian market by using internal data processing
and other related data over the Internet and government institutions, companies
and associations of export company.
Table 4.1.
Results of Political Factors in India
Political Factors in India Impact on Market Entry Strategy in India
1. Indonesian government
policy to prohibit
shipments to the rest of the
An opportunity as it is advantageous to transmit
processed palm oil products in the form of cooking oil
into the Indian market in terms of export taxation
11
world including India (tariffs).
2. Increase in tax for crude
palm oil and refined oil
imports.
Basis of preparation of the product strategy of the
company to be delivered to the Indian market in the
form of CPO or refined oil that has been given and
branded packaging or in bulk form with consideration
of the value added generated in the form of
cooperation with Indian companies.
3. Regulation by
Government of India on
cooperation (partnerships)
for the strategy to enter the
Indian market.
Basis of joint venture co-operation agreement, imports
into India could be in the form of palm oil products
will be packaged and brand will be more easily
recognized in the Indian market.
4. Packaging Regulation
Order on 17 September
1998
Basis of preparation of the company's product strategy
for packaging products that are required for products
sold in the Indian market.
5. Environmental Law Communicating environmental care measures for both
carbon print calculation results or RSPO certification
information done on consumers through promotion or
through product packaging.
Table 4.2.
Results of Economical Factors in India
Economical Factors in
India
Impact on Market Entry Strategy in India
1. The fifth largest
consumer market
Offer a market opportunity that must be addressed
2. Purchasing Power Parity
Indian society is rising.
More comprehensive market study for the area
other than South India and East India
3. Consumer brand loyalty
for oil of the people of
India that is low.
Palm oil producers can cooperate with local Indian
companies for the right marketing strategy when
entering the Indian market.
4. Consumer behavior
palm oil in India.
Market segmentation and targeting delivery time
along with the Indonesian palm oil.
5. Number of large Indian
population
Market potential as well the availability of human
resources for each type of corporate strategy to be
executed.
Table 4.3.
Results of Social Factors in India
Social Factors in India Impact on Market Entry Strategy in India
1. Population growth rate reached
1.41%.
Basis of preparation of a strategy to enter the Indian
market, especially the determination of the target
market and geographic segmentation. Placement of
12
human resources at the same time based on market.
2 Differences in consumption
patterns for each area.
Supporting factor is that both the packaging and the
product can be enriched by having a business
partner that has Indian market information.
3. Increased public awareness of
health in India who thus prefer to
have a more healthy lifestyle by
consuming palm oil
Product strategy with vitamin A fortification and
use packaging that contain health information.
Packaging products with brand logos and
international or local brands of Indian local
business partners should include ingredients with
tables using English or the local language.
4. Existence of Indian domestic
edible oil production that affects
the rate and schedule of the Indian
edible oil import demand
The entry of palm oil products from Indonesia is
scheduled to consider the domestic edible oil
production time.
5. Culture of Indian people who
consume palm oil in liquid form.
Right product strategy for the Indian market is in
liquid form.
6. Difference between Consumer
Behavior of India.
Required strong value chain and understand
consumer behavior in the Indian market through a
network of export marketing, or distribution
networks for products that can be obtained from the
joint venture (strategic alliances) between the
Indonesian palm oil producers with local
companies.
7. Existence of the need for
knowledge of distribution channels
for palm oil in Indian market.
Cooperate (Strategy Alliances) with Indian
companies that play in the Indian market.
Table 4.4.
Results of Technological Factors in India
Technological Factors in India Impact on Market Entry Strategy in India
1. Technologies of edible oil
production is supported by the
Indian government with TMOP
program.
- The technology is supported by the government,
local competitors and substitute products have more
competitive prices,
- This means it will be more profitable if the
delivery is not in the form of crude palm oil (CPO)
but already in palm oil.
2. Availability of Access to
Information of edible oil market
players in India in cyberspace (the
internet).
- - Manufacturer of Indonesian palm oil which is
trying to break into the Indian market to
formulate its market entry strategies taking into
account competitors and business partners in the
Indian market
3. Strong information technology
systems that exist in the Indian
market
- Facilitate planning and market entry strategy
through a corporate survey and more
comprehensive assessment.
13
After conducting an analysis of external factors faced by Indonesian palm
oil in the Indian market, it was found that the factors supporting the success of a
strategy to enter the Indian market (Appendix 4), among others, are:
1. Cooperation with local Indian companies, especially for the packaging and
distribution problems;
2. Strengths of the upstream value chain, especially in the downstream sector, to
collaborate with Indian companies;
3. Concern for the environment is communicated to the market as part of a
strategy to enter the Indian market;
4. Behavioral information distribution channels to market and the target market is
supported by cooperation with local companies.
5. HR marketing strategy to help enter India.
6. Healthcare information products published to the consumers
7. Strong communications with the Indian market
8. Information technology systems.
Analysis of contributing factors is inferred from the opinions of experts
(expert judgment) that relate directly to the business of the Indonesian palm oil
and palm oil in Indonesian exports to the Indian market that focuses on strength
and contributing factors that must be owned by Indonesian palm oil producers
with the potential to have a strategic market share in the Indian market as well as
weaknesses that must be addressed by the company.
Success Factors of Palm Oil products from Indonesia in the Indian Market
IFAS and EFAS TABLE
Supporting Strategic Factors Weight Rating
Weight
x
Rating
Opinion source
Internal Strategic Factors
The strong network of value chain of products 25% 3 0.75
Stanley, Supervisor
pemasaran Permata
Hijau Group
Strong distribution system in the export market (the need
for knowledge of food distribution lines of palm oil in the
Indian market)
25% 4 1.0
Full support facilities along the value chain 10% 5 0.5
Robust human resources 10% 2 0.2 Sahat Sinaga, Direktur
Eksekutif GIMNICaring for the environment 25% 4 1.0
14
Interest for expansion into the Indian market 5% 4 0.2 Inge Indrawati, HRD
Manager Area II SIMP,
Sahat Sinaga, Direktur
Eksekutif GIMNI
Complete information about the Indian market
20% 4 0.8
TOTAL 1 4.45
External Strategic Factors
Growth potential of the Indian market over Indonesian
palm oil (USDA, 2013) 30% 4 1.2
Sahat Sinaga, Direktur
Eksekutif GIMNI
Networking with local Indian company (Partnership with
Indian companies). 50% 5 2.5
Stanley, Supervisor
pemasaran Permata
Hijau Group
Lines of communication with India should be there.
10% 5 1.5
Stanley, Supervisor
Permata Hijau Group
TOTAL 1 5.20
CHAPTER V
CONCLUSION AND RECOMMENDATIONS
5.1 Conclusion
After analyzing the macro conditions given the large Indian market with
palm oil market opportunities in India, as well as perform validation with several
representatives from companies who know about the marketing of refined palm
oil products to India, then some internal and external factors are outlined that
should be available to support the implementation of the strategy to enter the
Indian market, among others:
1. Negotiation or business agreement with the business partner in Indian market
which is nuilt by strong networking along the supply chain of palm oil products,
existence of lines of communication with the Indian market, networks and value
chains strong distribution system and full support along the value chain;
4. Concern for the environment;
5. Completeness of information on Indian market as well as
6. Human Resources Marketing.
5.2 Recommendations
Some suggestions are recommended to all parties concerned an increase in
palm oil exports to the Indian market are:
15
- It is advisable for companies that have the potential of palm oil exports to India
began to form teams that perform market intelligence survey of potential business
partners, either by using the information from the list of edible oil manufacturer in
the Indian market which is attached (Appendix 2) or through participation in
business matching event organized every year by the Indonesian government
through the Chamber of Commerce and by the Indian government.
- In addition, the Indonesian palm oil producers that have the potential to expand
into the Indian market is recommended to conduct a more comprehensive survey
of the market, including the need for information distribution channels that can be
used to meet the needs of the Indian market to start doing business
communication and contact with market participants (Appendix 2) suitable with
the criteria required by each partner company of Indonesian palm oil producers
that have the potential and plans to penetrate the Indian market;
- The need for support from the Indonesian government in supporting the
development of cooking oil industry, especially in the regulation of the marketing
and export to the Indian market. Other tasks include the role of the government to
safeguard the world of Indonesian palm oil industry to penetrate the Indian
market;
- For further research, it is recommended to examine completely and detailed to
the penetration strategy or evaluating the benefits that can be achieved if a
strategy as suggested by the author is taken for several Indonesian companies and
Indian markets (case study).
References
Aaker, D.A. dan McLoughlin, D. (2010). Strategic Market Management – Global
Perspectives. West Sussex: John Wiley & Sons Ltd.
Andersen, O. (1997). Internationalization and Market Entry Mode: A Review of
Theories and Conceptual Frameworks, Management International Business
Studies, Vol.17, No.2, pp, 1-26
Albaum. G, Duerr E dan Strandskov J. (2005). International Marketing and
Export Management 5th edition: Prentice Hall.
16
Alwan. (2011). Global status report on noncommunicable diseases 2010. World
Health Organization.
Ayal, I. dan Zif, J. (1978) Competitive Market Choice Strategies in Multinational
Marketing, Columbia Journal of World Business.
Badan Pusat Statistik. (2011). Perkembangan Beberapa Indikator Utama Sosial
Ekonomi di Indonesia. Jakarta: BPS
Biro Perencanaan. (2011). Analisis Peluang Kerjasama Investasi Industri Hilir:
Kelapa Sawit, Karet, dan Kakao. Jakarta. Kementerian Perindustrian
Baye, M. R. (2010). Managerial Economic and Business Strategy 6th ed. New
York. McGraw-Hill.
Besanko, D., Dranove, D., Shanley, M., dan Schaefe, S. (2010). Economics of
Strategy 5th ed. Hoboken: Wiley & Sons Inc.
Brewer, Paul (2001). International Market Selection: Developing A Model from
Australian Case Studies, International Business Review 10 pp 155-174
Business Standard. (2013). Palm Oil Imports Drop On Increased Avaiability of
Other Edible Oils. Ananda Publisher, New Delhi.
Chetty, S. K. dan Hamilton, R. T. (1993) Firm-level Determinants of Export
Performance: A Meta-analysis, International Marketing Review 10 (3) pp
26-34
Crnindia. (2012). Analyzing the Indian Stock Market. Retrieved from
http://www.crnindia.com/commodity/palmoil.html, 8 November 2012
Czinkota, M. dan Ronkainen. (2001). International Marketing 6th ed, Harcourt
College Publisher, USA:
De Kluyver, C. A, (2012). Strategic Thinking, A View From the Top, New Jersey:
Prentice Hall.
De. Debdeep. (2011. Edible Oil Sector in India. Jaypee Business School. India.
17
Drawpack. (2011). Strategic Management models and diagrams. Retrieved from
http://www.drawpack.com pada tanggal 18 Januari 2011.
Farrell, D. dan Beinhocker, E, (2007). Next Big Spenders: India's Middle Class.
McKinsey & Company, retrieved from www.mckinsey.com pada tanggal 17
September 2011
Foreign Agricultural Serivice USDA. (2010). Palm Oil: World Supply and
Distribution. World Agricultural Supply and Demand Estimate. Washington.
Gain. (2013). Fortification in Edible Oil with Vitamin A Bill, 2013. Diakses dari
http://www.gainhealth.org/press-releases/fortification-edible-oil-vitamin-bill-
2013 pada tanggal 21 Juni 2014.
GAPKI. (2011). Indonesia 2010 Palm Oil Exports Rose 0.6% On Year. Diakses
dari http://www.palmoilhq.com/PalmOilNews/indonesia-2010-palm-oil-
exports-rose-0-6-on-year-gapki/ pada tanggal 5 Mei 2013.
Hammel, G. (1994). Competence based Competition Strategy Management
Society. John Wiley & Sons. New York.
Hamel, G. dan Prahalad, CK.. (1994). Competing for the Future. Harvard
Business School Press. Boston.
Corteau C. (2011) Sustainable Palm Oil. Retrieved from
http://wwf.panda.org/who_we_are/history/50_years_of_achievements/stories/
?199970/Sustainable-Palm-Oil pada tanggal 11 April 2013
LiLei. 2011. MPOB: 2010 in Malaysia palm oil export volume growth of 5%
YoYo, retrieved from www.sourcejuice.com/1415593/2011/01/11/MPOB-
2010-Malaysia-palm-oil-export-volume-growth/ pada tanggal 11 April 2013
Johnson, G., Scholes, K., Whittington, R.,. 2008. Exploring Corporate Strategy.
Financial Times Prentice Hall. United States
Kotler, P. (1997). Marketing Management. Prentice Hall
Kotler, P. (2002). Manajemen pemasaran (Edisi Milenium). Jakarta: PT.
Prenhallindo.
18
Kumar, Anil. (2008). Doing Business in India, Strategic and Practical
Consideration. Virtus Global Partner. New York.
Lakshmi. (2008). A special report on India: Ruled by Lakshmi. The Economist.
Retrieved from www.economist.com December 2008 pada tanggal 12 July
2009.
Ma, Hao. (2000). Of Competitive Advantage : Kinetic and Positional. Business
Horizons. Vol. 43 Ibssue 1, p53, 12p, 1 diagram.
Mooij, Marieke de. (2010). Global Marketing and Advertising: Understanding
Cultural Paradoxes. SAGE Publications, California USA
Nabhi. (1997). Manual for Foreign Collaboration and Investment in India, , p. 72
OECD. (2013). India Statistical Profile 2013. OECD Factbook Statistic 2013.
Olam. (2012). Indian Edible Oil Scenarion in 2015. Presentation at Asso-Comm
Grain Conference. Olam Publisher
Patel, Samit. (2004). In Depth Study of Edible Oil Industry in India. S.V. Institute
of Management. Gujarat.
Patel, Govindbhai G. (2011). Consumer Trends in India Relatd to Palm Oil.
Pathel and Nikhil Research Company. Kuala Lumpur.
Pearce, J. A., dan Robinson, R. B. (2008). Strategic management: Formulation,
implementation, and control, 10th ed. New York: McGraw-Hill.
Pearson TA. (1999). Cardiovascular disease in developing countries: myths,
realities, and opportunities. Cardiovasc Drugs Ther, 13:95-104.
Porter, M.E. (1980). Generic Strategies and Performance: An Empirical
Examination with American Data Faculty of Management McGill University,
and Ecole des Hautes Etudes Commerciales. University of Montreal,
Montreal, Canada
Porter, M. E. (1993). Keunggulan Bersaing : Menciptakan dan Mempertahankan
Kinerja Unggul, Edisi Indonesia. Penerbit Erlangga, Jakarta.
19
Porter, M. E. (2007). Strategi Bersaing : Teknik Menganalisis Industri dan
Pesaing. Edisi Indonesia. Penerbit Erlangga, Jakarta.
Prabhakar, Hari. (2011). Cooking Oil Industry in India. Website Publisher. India
Root, Franklin R. (1994) Entry Strategies for International Markets, Lexington
Books, New York
Schumpeter, J.A. (1934). The Theory of Economic Development, Harvard
University Press, Cambridge, MA.
Schwab, K. (2011), The Global Competitiveness Report 2010–2011, retrieved
from http://www.weforum.org pada tanggal 10 May 2011.
Shama, Avraham (2000). Determinants of Entry Strategies of U.S. Companies
into Russia, the Czech Republic, Hungary, Poland, and Romania.
Thunderbird International Business Review, Vol. 42. No.6. pp. 651–676
Sharma, D. (2012). Rise in oil consumption by Indians sets off alarm, retrieved
from http://indiatoday.intoday.in/story/rise-in-oil-consumption-by-indians-
sets-off-alarm/1/182679.html diakses 5 Mei 2013
Simamora, Henry. (2000). Manajemen Pemasaran Internasional Jilid 1. Penerbit
Salemba Empat. Jakarta. Indonesia.
Simamora, Henry. (2000). Manajemen Pemasaran Internasional Jilid 2. Penerbit
Salemba Empat. Jakarta. Indonesia
Sipayung Tungkot. (2012). Ekonomi Agribisnis Minyak Sawit. PT. Penerbit IPB
Press, hlm. 88. Bogor
Sustain. (1998). Vitamin A Fortification of P.L. 480 Vegetable Oil. Sustain.
Washington D. C
USDA Foreign Agricultural Service. (2013). Food and Agricultural Import
Regulations and Standards in India. FAIRS Country Report.
USDA. (2014). Oilseed: World Market and Trade.
20
World Bank. (2008). World Development Report 2008, Agriculture for
Development. World Bank, Washington
World Bank. (2008). World Development Report 2012.Retrieved from World
Bank database pada tanggal 5 September 2012.
World Trade Organisation. 2010. Trade to Expand by 9.5% in 2010 After a
Dismal 2009. WTO Reports, 26 March, retrieved from www.wto.org diakses
pada tanggal 23 July 2011
World Bank, (2006) Inclusive Growth and Service Delivery: Building on India's
Success (PDF) retrieved from http://sitesources.worldbank.org pada tanggal 7
May 2009,
World Bank, (2011). New Global Poverty Estimates—What It Means for India.
retrieved from http://www.worldbank.org/en/country/india pada tanggal
23 July 2011.

More Related Content

What's hot

Tata motors : Fundamental & Ratio Analysis
Tata motors : Fundamental & Ratio AnalysisTata motors : Fundamental & Ratio Analysis
Tata motors : Fundamental & Ratio Analysis
Anmol Agrawal
 
Palm Oil Industrial ( Presentation )
Palm  Oil  Industrial ( Presentation )Palm  Oil  Industrial ( Presentation )
Palm Oil Industrial ( Presentation )Adhelia
 
An Analysis of Automobile Industry of India as a Market Structure
An Analysis of Automobile Industry of India as a Market StructureAn Analysis of Automobile Industry of India as a Market Structure
An Analysis of Automobile Industry of India as a Market Structure
Muhammad Anowar
 
Palm Oil Waste Management | Palm Oil Organic Fertilizers
Palm Oil Waste Management | Palm Oil Organic FertilizersPalm Oil Waste Management | Palm Oil Organic Fertilizers
Palm Oil Waste Management | Palm Oil Organic Fertilizers
Allance Fertilizer Machinery
 
Defence manufaturing in India
Defence manufaturing in IndiaDefence manufaturing in India
Defence manufaturing in India
Col Mukteshwar Prasad
 
Ongc ipo
Ongc ipoOngc ipo
Ongc ipo
Mohammad Farhan
 
Asian Paints Company Industry SWOT Analysis
Asian Paints Company Industry SWOT AnalysisAsian Paints Company Industry SWOT Analysis
Asian Paints Company Industry SWOT Analysis
nagaraj007
 
MARKET RESEARCH OF THE GLASS INDUSTRY IN INDIA
MARKET RESEARCH OF THE GLASS     INDUSTRY IN INDIAMARKET RESEARCH OF THE GLASS     INDUSTRY IN INDIA
MARKET RESEARCH OF THE GLASS INDUSTRY IN INDIAParantap Chakrabarti
 
Presentation M&A Grasim Aditya Birla Nuvo
Presentation M&A Grasim Aditya Birla NuvoPresentation M&A Grasim Aditya Birla Nuvo
Presentation M&A Grasim Aditya Birla Nuvo
ANIRBAN BHATTACHARYA
 
Tata motors final project on consumer satisfaction.
Tata motors final project on consumer satisfaction.Tata motors final project on consumer satisfaction.
Tata motors final project on consumer satisfaction.Joydip Roy
 
Bam50 [apr aug 17] exam solutions
Bam50 [apr aug 17] exam solutionsBam50 [apr aug 17] exam solutions
Bam50 [apr aug 17] exam solutions
BASICBUZZ CREATIVE DIGITAL AGENCY
 
Western india plywood project
Western india plywood projectWestern india plywood project
Western india plywood projectNits Kedia
 
India tile adhesive market trends & forecast, 2016-2023
India tile adhesive market   trends & forecast, 2016-2023India tile adhesive market   trends & forecast, 2016-2023
India tile adhesive market trends & forecast, 2016-2023
Researchreportkart
 
A survey of investors for analyzing the various aspects of fixed deposit mark...
A survey of investors for analyzing the various aspects of fixed deposit mark...A survey of investors for analyzing the various aspects of fixed deposit mark...
A survey of investors for analyzing the various aspects of fixed deposit mark...123satyendra
 
Birla white - Aditya Birla Group
Birla white - Aditya Birla GroupBirla white - Aditya Birla Group
Birla white - Aditya Birla Group
Rajan Chhangani
 
Automobile Sector
Automobile SectorAutomobile Sector
Automobile Sector
yugeshkumardubey
 
PPT ON TATA MOTORS CASE 8
PPT ON TATA MOTORS CASE 8PPT ON TATA MOTORS CASE 8
PPT ON TATA MOTORS CASE 8Syed Nabeel Ali
 
Exide industries
Exide industriesExide industries
Exide industries
Deepak Jha
 
Financial Analysis Paint Industry
Financial Analysis Paint IndustryFinancial Analysis Paint Industry
Financial Analysis Paint Industry
Aditya Agrawal
 

What's hot (20)

Tata motors : Fundamental & Ratio Analysis
Tata motors : Fundamental & Ratio AnalysisTata motors : Fundamental & Ratio Analysis
Tata motors : Fundamental & Ratio Analysis
 
Palm Oil Industrial ( Presentation )
Palm  Oil  Industrial ( Presentation )Palm  Oil  Industrial ( Presentation )
Palm Oil Industrial ( Presentation )
 
An Analysis of Automobile Industry of India as a Market Structure
An Analysis of Automobile Industry of India as a Market StructureAn Analysis of Automobile Industry of India as a Market Structure
An Analysis of Automobile Industry of India as a Market Structure
 
Palm Oil Waste Management | Palm Oil Organic Fertilizers
Palm Oil Waste Management | Palm Oil Organic FertilizersPalm Oil Waste Management | Palm Oil Organic Fertilizers
Palm Oil Waste Management | Palm Oil Organic Fertilizers
 
Defence manufaturing in India
Defence manufaturing in IndiaDefence manufaturing in India
Defence manufaturing in India
 
Ongc ipo
Ongc ipoOngc ipo
Ongc ipo
 
Asian Paints Company Industry SWOT Analysis
Asian Paints Company Industry SWOT AnalysisAsian Paints Company Industry SWOT Analysis
Asian Paints Company Industry SWOT Analysis
 
MARKET RESEARCH OF THE GLASS INDUSTRY IN INDIA
MARKET RESEARCH OF THE GLASS     INDUSTRY IN INDIAMARKET RESEARCH OF THE GLASS     INDUSTRY IN INDIA
MARKET RESEARCH OF THE GLASS INDUSTRY IN INDIA
 
Presentation M&A Grasim Aditya Birla Nuvo
Presentation M&A Grasim Aditya Birla NuvoPresentation M&A Grasim Aditya Birla Nuvo
Presentation M&A Grasim Aditya Birla Nuvo
 
Tata motors final project on consumer satisfaction.
Tata motors final project on consumer satisfaction.Tata motors final project on consumer satisfaction.
Tata motors final project on consumer satisfaction.
 
Bam50 [apr aug 17] exam solutions
Bam50 [apr aug 17] exam solutionsBam50 [apr aug 17] exam solutions
Bam50 [apr aug 17] exam solutions
 
Ongc
OngcOngc
Ongc
 
Western india plywood project
Western india plywood projectWestern india plywood project
Western india plywood project
 
India tile adhesive market trends & forecast, 2016-2023
India tile adhesive market   trends & forecast, 2016-2023India tile adhesive market   trends & forecast, 2016-2023
India tile adhesive market trends & forecast, 2016-2023
 
A survey of investors for analyzing the various aspects of fixed deposit mark...
A survey of investors for analyzing the various aspects of fixed deposit mark...A survey of investors for analyzing the various aspects of fixed deposit mark...
A survey of investors for analyzing the various aspects of fixed deposit mark...
 
Birla white - Aditya Birla Group
Birla white - Aditya Birla GroupBirla white - Aditya Birla Group
Birla white - Aditya Birla Group
 
Automobile Sector
Automobile SectorAutomobile Sector
Automobile Sector
 
PPT ON TATA MOTORS CASE 8
PPT ON TATA MOTORS CASE 8PPT ON TATA MOTORS CASE 8
PPT ON TATA MOTORS CASE 8
 
Exide industries
Exide industriesExide industries
Exide industries
 
Financial Analysis Paint Industry
Financial Analysis Paint IndustryFinancial Analysis Paint Industry
Financial Analysis Paint Industry
 

Similar to IDENTIFICATION OF KEY SUCCESS FACTORS OF STRATEGIES IN ENTERING THE INDIAN MARKET FOR EDIBLE PALM OIL PRODUCTS FROM INDONESIA.

Env anal eval of veg oil ind att in India
Env anal eval of veg oil ind att in IndiaEnv anal eval of veg oil ind att in India
Env anal eval of veg oil ind att in IndiaVivekanandan M
 
J0332080086
J0332080086J0332080086
J0332080086
inventionjournals
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry Analysis
Shreeya Jain
 
Cosmetic industry
Cosmetic industryCosmetic industry
Cosmetic industry
js slides
 
Cosmetic industry
Cosmetic industryCosmetic industry
Cosmetic industry
js slides
 
My desertation
My desertationMy desertation
My desertation
Sandy241088
 
A Study on Consumer Buying Behavior toward Namkeens
A Study on Consumer Buying Behavior toward NamkeensA Study on Consumer Buying Behavior toward Namkeens
A Study on Consumer Buying Behavior toward Namkeens
Bhavik Parmar
 
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01Siddanna Balapgol
 
Report - Colgate Financial Analysis
Report - Colgate Financial AnalysisReport - Colgate Financial Analysis
Report - Colgate Financial AnalysisSharad Srivastava
 
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
Daedal Research
 
Business Environment - Unit-3 - IMBA - Osmania University
Business Environment - Unit-3 - IMBA - Osmania UniversityBusiness Environment - Unit-3 - IMBA - Osmania University
Business Environment - Unit-3 - IMBA - Osmania University
Balasri Kamarapu
 
Advantage India: A Study of Competitive Position of Organized Retail Industry
Advantage India: A Study of Competitive Position of Organized Retail IndustryAdvantage India: A Study of Competitive Position of Organized Retail Industry
Advantage India: A Study of Competitive Position of Organized Retail Industry
IOSR Journals
 
Fast Moving Consumer Goods (FMCG) Summit Issues and Opportunities - Industry...
Fast Moving Consumer Goods (FMCG) Summit  Issues and Opportunities - Industry...Fast Moving Consumer Goods (FMCG) Summit  Issues and Opportunities - Industry...
Fast Moving Consumer Goods (FMCG) Summit Issues and Opportunities - Industry...
Resurgent India
 
Snapshot and toc indian food processing industry - opportunities and outloo...
Snapshot and toc   indian food processing industry - opportunities and outloo...Snapshot and toc   indian food processing industry - opportunities and outloo...
Snapshot and toc indian food processing industry - opportunities and outloo...Gyan Research And Analytics
 
Fdi in real estete
Fdi in real esteteFdi in real estete
Fdi in real estete
mamamma
 
Winter Internship Project - PGDM
Winter Internship Project - PGDMWinter Internship Project - PGDM
Winter Internship Project - PGDM
Farheen Khilji
 
Causal-loop and SWOT analysis of Indian Herbal Industry
Causal-loop and SWOT analysis of Indian Herbal IndustryCausal-loop and SWOT analysis of Indian Herbal Industry
Causal-loop and SWOT analysis of Indian Herbal Industry
Association of Scientists, Developers and Faculties
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry Analysis
Afzalshah Sayed
 
DAS- SOYBEAN HERBICIDE REPORT
DAS- SOYBEAN HERBICIDE REPORTDAS- SOYBEAN HERBICIDE REPORT
DAS- SOYBEAN HERBICIDE REPORTBhupesh Bhatt
 

Similar to IDENTIFICATION OF KEY SUCCESS FACTORS OF STRATEGIES IN ENTERING THE INDIAN MARKET FOR EDIBLE PALM OIL PRODUCTS FROM INDONESIA. (20)

Env anal eval of veg oil ind att in India
Env anal eval of veg oil ind att in IndiaEnv anal eval of veg oil ind att in India
Env anal eval of veg oil ind att in India
 
J0332080086
J0332080086J0332080086
J0332080086
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry Analysis
 
Cosmetic industry
Cosmetic industryCosmetic industry
Cosmetic industry
 
Cosmetic industry
Cosmetic industryCosmetic industry
Cosmetic industry
 
My desertation
My desertationMy desertation
My desertation
 
A Study on Consumer Buying Behavior toward Namkeens
A Study on Consumer Buying Behavior toward NamkeensA Study on Consumer Buying Behavior toward Namkeens
A Study on Consumer Buying Behavior toward Namkeens
 
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01
Marketresearchretailerssurveyandsalespromotion 140324113403-phpapp01
 
Report - Colgate Financial Analysis
Report - Colgate Financial AnalysisReport - Colgate Financial Analysis
Report - Colgate Financial Analysis
 
Pharma
PharmaPharma
Pharma
 
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
Indian Crop Protection Market: Trends and Opportunities (2014-2019) – New Rep...
 
Business Environment - Unit-3 - IMBA - Osmania University
Business Environment - Unit-3 - IMBA - Osmania UniversityBusiness Environment - Unit-3 - IMBA - Osmania University
Business Environment - Unit-3 - IMBA - Osmania University
 
Advantage India: A Study of Competitive Position of Organized Retail Industry
Advantage India: A Study of Competitive Position of Organized Retail IndustryAdvantage India: A Study of Competitive Position of Organized Retail Industry
Advantage India: A Study of Competitive Position of Organized Retail Industry
 
Fast Moving Consumer Goods (FMCG) Summit Issues and Opportunities - Industry...
Fast Moving Consumer Goods (FMCG) Summit  Issues and Opportunities - Industry...Fast Moving Consumer Goods (FMCG) Summit  Issues and Opportunities - Industry...
Fast Moving Consumer Goods (FMCG) Summit Issues and Opportunities - Industry...
 
Snapshot and toc indian food processing industry - opportunities and outloo...
Snapshot and toc   indian food processing industry - opportunities and outloo...Snapshot and toc   indian food processing industry - opportunities and outloo...
Snapshot and toc indian food processing industry - opportunities and outloo...
 
Fdi in real estete
Fdi in real esteteFdi in real estete
Fdi in real estete
 
Winter Internship Project - PGDM
Winter Internship Project - PGDMWinter Internship Project - PGDM
Winter Internship Project - PGDM
 
Causal-loop and SWOT analysis of Indian Herbal Industry
Causal-loop and SWOT analysis of Indian Herbal IndustryCausal-loop and SWOT analysis of Indian Herbal Industry
Causal-loop and SWOT analysis of Indian Herbal Industry
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry Analysis
 
DAS- SOYBEAN HERBICIDE REPORT
DAS- SOYBEAN HERBICIDE REPORTDAS- SOYBEAN HERBICIDE REPORT
DAS- SOYBEAN HERBICIDE REPORT
 

More from Ira Kristina Lumban Tobing

Introduction to the Psychology of International Cooperation Seventeen motivat...
Introduction to the Psychology of International Cooperation Seventeen motivat...Introduction to the Psychology of International Cooperation Seventeen motivat...
Introduction to the Psychology of International Cooperation Seventeen motivat...
Ira Kristina Lumban Tobing
 
State of commodity dependance 2019
State of commodity dependance 2019State of commodity dependance 2019
State of commodity dependance 2019
Ira Kristina Lumban Tobing
 
UNCTAD ¬ cocoa study industry structures and competition
UNCTAD ¬ cocoa study industry structures and competitionUNCTAD ¬ cocoa study industry structures and competition
UNCTAD ¬ cocoa study industry structures and competition
Ira Kristina Lumban Tobing
 
Cocoa ¬ a guide to trade practices of ITC. #NeedToSaveThis
Cocoa ¬   a guide to trade practices of ITC. #NeedToSaveThisCocoa ¬   a guide to trade practices of ITC. #NeedToSaveThis
Cocoa ¬ a guide to trade practices of ITC. #NeedToSaveThis
Ira Kristina Lumban Tobing
 
CHOCOLATE GREENWASHING
CHOCOLATE GREENWASHINGCHOCOLATE GREENWASHING
CHOCOLATE GREENWASHING
Ira Kristina Lumban Tobing
 
Study on the costs, advantages and disadvantages of cocoa certification commi...
Study on the costs, advantages and disadvantages of cocoa certification commi...Study on the costs, advantages and disadvantages of cocoa certification commi...
Study on the costs, advantages and disadvantages of cocoa certification commi...
Ira Kristina Lumban Tobing
 
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
Ira Kristina Lumban Tobing
 
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
Ira Kristina Lumban Tobing
 
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTASTRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
Ira Kristina Lumban Tobing
 
Marketing Management Course Assignment ~ LG Electronic Global Strategy in Em...
Marketing Management Course Assignment ~  LG Electronic Global Strategy in Em...Marketing Management Course Assignment ~  LG Electronic Global Strategy in Em...
Marketing Management Course Assignment ~ LG Electronic Global Strategy in Em...
Ira Kristina Lumban Tobing
 
Marketing Management Course Assignment ~ Brand In the Hand ADIDAS
Marketing Management Course Assignment ~  Brand In the Hand  ADIDASMarketing Management Course Assignment ~  Brand In the Hand  ADIDAS
Marketing Management Course Assignment ~ Brand In the Hand ADIDAS
Ira Kristina Lumban Tobing
 
Marketing Management Course Assignment ~ Dove Evolution of a Brand
Marketing Management Course Assignment ~  Dove Evolution of a BrandMarketing Management Course Assignment ~  Dove Evolution of a Brand
Marketing Management Course Assignment ~ Dove Evolution of a Brand
Ira Kristina Lumban Tobing
 
Marketing Management Course Assignment ~ Moods of Norway
Marketing Management Course Assignment  ~  Moods of NorwayMarketing Management Course Assignment  ~  Moods of Norway
Marketing Management Course Assignment ~ Moods of Norway
Ira Kristina Lumban Tobing
 
Marketing management course assignment ~Marcks and Spencer plan a
Marketing management course assignment   ~Marcks and Spencer plan aMarketing management course assignment   ~Marcks and Spencer plan a
Marketing management course assignment ~Marcks and Spencer plan a
Ira Kristina Lumban Tobing
 
Marketing Management Course Assignment ~STARBUCKS
Marketing Management Course Assignment   ~STARBUCKSMarketing Management Course Assignment   ~STARBUCKS
Marketing Management Course Assignment ~STARBUCKS
Ira Kristina Lumban Tobing
 
Marketing Management Course Paper Assignment ~LV in India
Marketing Management Course Paper Assignment ~LV in IndiaMarketing Management Course Paper Assignment ~LV in India
Marketing Management Course Paper Assignment ~LV in India
Ira Kristina Lumban Tobing
 
Information technology environment ~ ira kristina l. tobing
Information technology environment ~ ira kristina l. tobingInformation technology environment ~ ira kristina l. tobing
Information technology environment ~ ira kristina l. tobing
Ira Kristina Lumban Tobing
 
Governmental environment ~ ir kristina l. tobing
Governmental environment ~ ir kristina l. tobingGovernmental environment ~ ir kristina l. tobing
Governmental environment ~ ir kristina l. tobing
Ira Kristina Lumban Tobing
 
Fiscal policy ~ ira kristina l. tobing
Fiscal policy ~ ira kristina l. tobingFiscal policy ~ ira kristina l. tobing
Fiscal policy ~ ira kristina l. tobing
Ira Kristina Lumban Tobing
 
Economic development ~ ira kristina l. tobing
Economic development ~ ira kristina l. tobingEconomic development ~ ira kristina l. tobing
Economic development ~ ira kristina l. tobing
Ira Kristina Lumban Tobing
 

More from Ira Kristina Lumban Tobing (20)

Introduction to the Psychology of International Cooperation Seventeen motivat...
Introduction to the Psychology of International Cooperation Seventeen motivat...Introduction to the Psychology of International Cooperation Seventeen motivat...
Introduction to the Psychology of International Cooperation Seventeen motivat...
 
State of commodity dependance 2019
State of commodity dependance 2019State of commodity dependance 2019
State of commodity dependance 2019
 
UNCTAD ¬ cocoa study industry structures and competition
UNCTAD ¬ cocoa study industry structures and competitionUNCTAD ¬ cocoa study industry structures and competition
UNCTAD ¬ cocoa study industry structures and competition
 
Cocoa ¬ a guide to trade practices of ITC. #NeedToSaveThis
Cocoa ¬   a guide to trade practices of ITC. #NeedToSaveThisCocoa ¬   a guide to trade practices of ITC. #NeedToSaveThis
Cocoa ¬ a guide to trade practices of ITC. #NeedToSaveThis
 
CHOCOLATE GREENWASHING
CHOCOLATE GREENWASHINGCHOCOLATE GREENWASHING
CHOCOLATE GREENWASHING
 
Study on the costs, advantages and disadvantages of cocoa certification commi...
Study on the costs, advantages and disadvantages of cocoa certification commi...Study on the costs, advantages and disadvantages of cocoa certification commi...
Study on the costs, advantages and disadvantages of cocoa certification commi...
 
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
A Guide to traceAbility A Practical Approach to Advance Sustainability in Glo...
 
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
Analysis of Cocoa Beans Processing And Quality in Post Harvest in South East ...
 
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTASTRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
STRATEGI PEMBANGUNAN DAYA SAING INDUSTRI DALAM NEGERI MENGHADAPI ACFTA
 
Marketing Management Course Assignment ~ LG Electronic Global Strategy in Em...
Marketing Management Course Assignment ~  LG Electronic Global Strategy in Em...Marketing Management Course Assignment ~  LG Electronic Global Strategy in Em...
Marketing Management Course Assignment ~ LG Electronic Global Strategy in Em...
 
Marketing Management Course Assignment ~ Brand In the Hand ADIDAS
Marketing Management Course Assignment ~  Brand In the Hand  ADIDASMarketing Management Course Assignment ~  Brand In the Hand  ADIDAS
Marketing Management Course Assignment ~ Brand In the Hand ADIDAS
 
Marketing Management Course Assignment ~ Dove Evolution of a Brand
Marketing Management Course Assignment ~  Dove Evolution of a BrandMarketing Management Course Assignment ~  Dove Evolution of a Brand
Marketing Management Course Assignment ~ Dove Evolution of a Brand
 
Marketing Management Course Assignment ~ Moods of Norway
Marketing Management Course Assignment  ~  Moods of NorwayMarketing Management Course Assignment  ~  Moods of Norway
Marketing Management Course Assignment ~ Moods of Norway
 
Marketing management course assignment ~Marcks and Spencer plan a
Marketing management course assignment   ~Marcks and Spencer plan aMarketing management course assignment   ~Marcks and Spencer plan a
Marketing management course assignment ~Marcks and Spencer plan a
 
Marketing Management Course Assignment ~STARBUCKS
Marketing Management Course Assignment   ~STARBUCKSMarketing Management Course Assignment   ~STARBUCKS
Marketing Management Course Assignment ~STARBUCKS
 
Marketing Management Course Paper Assignment ~LV in India
Marketing Management Course Paper Assignment ~LV in IndiaMarketing Management Course Paper Assignment ~LV in India
Marketing Management Course Paper Assignment ~LV in India
 
Information technology environment ~ ira kristina l. tobing
Information technology environment ~ ira kristina l. tobingInformation technology environment ~ ira kristina l. tobing
Information technology environment ~ ira kristina l. tobing
 
Governmental environment ~ ir kristina l. tobing
Governmental environment ~ ir kristina l. tobingGovernmental environment ~ ir kristina l. tobing
Governmental environment ~ ir kristina l. tobing
 
Fiscal policy ~ ira kristina l. tobing
Fiscal policy ~ ira kristina l. tobingFiscal policy ~ ira kristina l. tobing
Fiscal policy ~ ira kristina l. tobing
 
Economic development ~ ira kristina l. tobing
Economic development ~ ira kristina l. tobingEconomic development ~ ira kristina l. tobing
Economic development ~ ira kristina l. tobing
 

Recently uploaded

1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
Celine George
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
Celine George
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
Anna Sz.
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
rosedainty
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 

Recently uploaded (20)

1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
How to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS ModuleHow to Split Bills in the Odoo 17 POS Module
How to Split Bills in the Odoo 17 POS Module
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 

IDENTIFICATION OF KEY SUCCESS FACTORS OF STRATEGIES IN ENTERING THE INDIAN MARKET FOR EDIBLE PALM OIL PRODUCTS FROM INDONESIA.

  • 1. 1 IDENTIFICATION OF KEY SUCCESS FACTORS OF STRATEGIES IN ENTERING THE INDIAN MARKET FOR EDIBLE PALM OIL PRODUCTS FROM INDONESIA USING PEST ANALYSIS Thesis Untuk memenuhi persyaratan Mencapai derajat Sarjana S - 2 Submitted By : Ira Kristina Lumbantobing, SP 10/325335/pek/15945 MASTER OF MANAGEMENT PROGRAM FACULTY OF ECONOMICS AND BUSINESS UNIVERSITAS GADJAH MADA 2014
  • 2.
  • 3. 3 TABLE OF CONTENTS Title Page 1 Approval Page 2 Table of Contents 3 Abstract 4 Chapter 1. Introduction 5 Chapter 2.Literature Review 7 Chapter 3. Research Methods 9 Chapter 4. Results and Discussion 10 Chapter 5. Conclusions and Recommendations 14 References 16
  • 4. 4 ABSTRACT Indonesia's palm edible oil production is marketed to the domestic market or consumed by the international consumers throughout the world including the Indian market. To be able to execute a strategy to enter the Indian market, Indonesian palm edible oil producers that have export potential should have the right information about the Indian market to take advantage of opportunities palm oil exports to the Indian market. The primary objective of this study is to provide a clear picture of the opportunities and challenges that will be faced in the Indian market by each palm edible oil producers that have the potential to enter the Indian market by exporting. After describing the Indian market, strategic recomendations to enter the Indian market will be provided. The results show that the Indian market is increasingly open for palm edible oil products from Indonesia, but each potential producer must first establish cooperation (networking) with a local company. So supporting factors such as communication lines, distribution channels and marketing resources can support a strategy to enter the Indian market. Keywords: PEST analysis, market entry strategies, export, joint venture, key success factor, supply chain, value chain, strategic alliances, partnerships, edible oil.
  • 5. 5 CHAPTER I INTRODUCTION 1.1 Background Based on the amount of data obtained, both the needs of cooking oil in the international markets such as China, India, and the EU as well as in the domestic market is filled by Indonesian edible palm oil production. But the European Union countries have been importing palm oil for biodiesel production. For the needs of the food industry, people of EU consume more sunflower oil and soybean oil. Market opportunities for edible palm oil derived from Indonesian palm oil in India is driven by an increasing consumption of edible palm oil as the population grows. By considering the growth of the Indian economy and the ever increasing population growth of India in the next year, it is certain that the people of India’s edible palm oil consumption will increase To be able to execute a strategy to enter the Indian market, Indonesian edible palm oil producers that have export potential should have the right information about the Indian market to take advantage of edible palm oil export opportunities to the Indian market (Sinaga, 2012). Characteristics of edible palm oil consumption pattern of the Indian community is the variation option (request) to the existing types of edible oils, due to variations in food culture of Indian society. Variations in the volume of demand for each type of edible oil consumed by India led to different target markets, which depends on the area where the edible palm oil are consumed. India is a vast country with a population that is spread across several provinces in the country that has a very varied preferences for types of edible oil which is largely dependent on consumer tastes, culture and availability of products related to edible oil in the region. India also has oil palm plantations that also produce palm oil for local consumption. The oil palm plantations has increased during this production (USDA, 2013). The increase in the production of local Indian plantation is not in
  • 6. 6 harmony with the consumption increase as the projected growth of the population of India has not been able to meet the domestic needs of the people including edible palm oil. As a country with diverse consumption habits for edible palm oil products ofIndia has a specific consumer behavior for cooking oil (edible oil) which depends on the area where the largest buyers are consumers who are used to select edible oil made from palm oil and depends on availability of edible oil products derived from palm oil in the area concerned. While some parts of India like Andhra Pradesh, Karnataka, Tamil Nadu, Kerala and Andaman and Nicobar Islands also produce local palm oil (USDA, 2013). Therefore, information is needed by the Indonesian palm oil industry to take advantage of the opportunities in the Indian market. Because each country has specific characteristics and distinctive market for any of the Indonesian industrial products, it is necessary to facilitate the Indian market information for palm oil producers in Indonesia, with the potential to enter the edible oil market in India. This information concerns the external aspect in the Indian market. External factors, among others, in addition to knowing the political or government policy factors affecting the market, economic conditions of Indian society in general and consumers, social factors and technological factors affecting the edible oil market in India are also required. Besides, it also includes the market information that includes both the competitors from Indonesia, as well as from other producers and manufacturers of substitute products in the Indian market and in order to have a market entry strategy (market entry) located in the Indian market. Based on the background that has been prepared for this study, the problem is then formulated for palm oil companies that have the potential to export to India to get an overview of the political, social, economic and technological factors in the Indian market, especially in the face of the magnitude of consumer demand and the diversity of Indian society as well as the challenges to be faced to have a good performance in India. Besides, supporting factors should also be noted as to
  • 7. 7 what should be owned by companies of palm oil producers to be able to enter the Indian market. 1.2 Purpose and Objectives The primary objective of this study is to provide a clear identification of the opportunities and challenges that will be faced in the Indian market by each palm oil producers that have the potential to enter the Indian market by exporting and providing strategic advice to be successful. The focus is on exploiting the capabilities and opportunities to face the challenges in the Indian market in order to succeed and minimize weaknesses that might be owned by Indonesian palm oil producers when entering the Indian market. In addition, this paper aims to investigate whether the efficiency of the resources used can be improved further. Strategic advice and opportunities for improvement are intended to be useful also for Indonesian palm oil industry, especially for Indonesian palm oil producers that have the potential to penetrate into the Indian market. CHAPTER II LITERATURE REVIEW Any company or organization that is engaged in the business sector should perform an analysis to understand the market before deciding to enter the market. The focus is to understand the market understanding of consumer / buyer and buyer behavior (Kotler, 1997). Market segmentation is the basis for market analysis. Market segmentation or clustering is a method of distinguishing market (differentiation) for the behavior of the consumer market based on the location of the market area (geographic segmentation), based on demographic variables (demographic segmentation), based on social class or group lifestyle (psychographic segmentation) and based on the use of consumer or lifestyle (behavioral segmentation). Geographic market segmentation starts from selecting the right location for any business plan of each company to determine the success of the company
  • 8. 8 concerned. Market site selection decision is not only significantly important in starting a business but also in order to expand the market of a company's products. Taking into account the great influence of the selection of the location of the market, then it is important to analyze the macro environment of the relevant market (Thommen and Achleitner, 2003). Macro market environment is defined as a part of the global environment consisting of various business actors and strength that becomes the external environment related to companies that should be considered a company's business decisions. Global movement in terms of culture, lifestyle, demographics, politics, international law, economics and politics has the ability to support or become an obstacle to the country, industry or organization in achieving its objectives. Global companies typically have a macro environment of more than 1 (one) state. Each state has varying macro- environmental variation and different from other macro environment affecting the industry and the market situation. Austin (1990) adds four macro factors influential to the original framework of Porter's five forces. These four factors include economic, political factors, cultural and demographic. These factors are similar to the factors in Pestel - framework (political, economic, social, technological, ecological and legal) developed by Johnson et al. (2008). Analysis of the macro is used to scan the macro environment, which considers political or legal environment, economic environment, social culture environment or, environment technology, and ecological or physical environment. Important forces that together make up the opportunities and threats to companies in its industry. (Jobber, 2004). Furthermore, Johnson et al (2008) noted that the SWOT analysis (Strengths, Weaknesses, Opportunities, Threat) is a useful tool to generate strategic options and assess the company's future course of action. SWOT analysis is a technique that is credited to Albert Humphrey (1969). It is a transparent planning instrument that can identify problem areas that are important to a company. It also allows the company to learn about the current situation and reflect on what can be done to improve the current situation (Sorensen, Vidal, and Engström, 2004).
  • 9. 9 After analyzing the external and internal environment, companies can determine the competitive strategy to be used to achieve competitive goals. Competitive strategies can be used to exploit opportunities in the corporate environment with the company strength, and neutralize threats in the enterprise environment while avoiding the weaknesses of the firm (Barney, 2007). PESTEL or frequently PEST is used because some researchers suggest that ecological and political elements of the law are included, rarely applied alone, because the information provided is temporary and is more useful to complement other analysis. Combined with SWOT, for example, PEST helps to understand the risks associated with the launch of certain products to the market (Schildhouse, 2006). According to Kumar (2008), India is a strategic area as a country with a majority population who can speak English, low business operating costs because it is supported by the Indian government's policy and has a growing market potential. Key Success Factor of some foreign companies in India are owned by, among others, (1) the right information over the local business partner who knows for sure about the target market and bureaucratic and procedural problems of existing business, (2) The results of the study provide information powerful on the market and competition, (4) Planning good operations, (5) The active due diligence and follow-up that follows, (6) Patience and commitment, (7) the existence of competent counsel, and (8) a clear understanding of the above rules, standards and regulations applicable by the Indian government. CHAPTER III RESEARCH METHODS Based on the results or facts obtained, the study is included as a desk study (study based on historical data). This study uses literature review (desk study), which is a systematic way of identifying problems, collect data, analyze information, and draw conclusions and make recommendations. From the literature, researcher can sharpen understanding of what is faced by any producer
  • 10. 10 of palm oil from Indonesia if they want to enter a new market namely the Indian market, precisely formulated with a comprehensive analysis for the challenges and demands of the global market, especially the Indian market. In preparing this research, the stages are divided into 4 (four) stages, starting with the preparation phase that began in early January 2013 with a look at the opportunities and make observations on the Indian market which will be used as case study, conduct a literature study followed by stages of data gathering. This stage is done by compiling a list of data of export of Indonesian palm oil products to the worldwide import and export data from multiple producers and consumers of palm oil in the world through the study of documents and case studies where historical data are related to the research objectives. The method of data collection was done by Library Studies, Documentation, and observations. The data was then validated by conducting unstructured interviews with relevant resource persons (key person) with reference to the secondary data that has been analyzed with the PEST analysis that has been collected. Interview results were analyzed and interpreted by using the SWOT matrix. CHAPTER IV RESULTS AND DISCUSSION This chapter describes the results of the analysis in accordance with the formulation of the problem and research objectives. In this chapter, discussions regarding market analysis conducted on the external environment faced by the palm oil industry Indonesia in the Indian market by using internal data processing and other related data over the Internet and government institutions, companies and associations of export company. Table 4.1. Results of Political Factors in India Political Factors in India Impact on Market Entry Strategy in India 1. Indonesian government policy to prohibit shipments to the rest of the An opportunity as it is advantageous to transmit processed palm oil products in the form of cooking oil into the Indian market in terms of export taxation
  • 11. 11 world including India (tariffs). 2. Increase in tax for crude palm oil and refined oil imports. Basis of preparation of the product strategy of the company to be delivered to the Indian market in the form of CPO or refined oil that has been given and branded packaging or in bulk form with consideration of the value added generated in the form of cooperation with Indian companies. 3. Regulation by Government of India on cooperation (partnerships) for the strategy to enter the Indian market. Basis of joint venture co-operation agreement, imports into India could be in the form of palm oil products will be packaged and brand will be more easily recognized in the Indian market. 4. Packaging Regulation Order on 17 September 1998 Basis of preparation of the company's product strategy for packaging products that are required for products sold in the Indian market. 5. Environmental Law Communicating environmental care measures for both carbon print calculation results or RSPO certification information done on consumers through promotion or through product packaging. Table 4.2. Results of Economical Factors in India Economical Factors in India Impact on Market Entry Strategy in India 1. The fifth largest consumer market Offer a market opportunity that must be addressed 2. Purchasing Power Parity Indian society is rising. More comprehensive market study for the area other than South India and East India 3. Consumer brand loyalty for oil of the people of India that is low. Palm oil producers can cooperate with local Indian companies for the right marketing strategy when entering the Indian market. 4. Consumer behavior palm oil in India. Market segmentation and targeting delivery time along with the Indonesian palm oil. 5. Number of large Indian population Market potential as well the availability of human resources for each type of corporate strategy to be executed. Table 4.3. Results of Social Factors in India Social Factors in India Impact on Market Entry Strategy in India 1. Population growth rate reached 1.41%. Basis of preparation of a strategy to enter the Indian market, especially the determination of the target market and geographic segmentation. Placement of
  • 12. 12 human resources at the same time based on market. 2 Differences in consumption patterns for each area. Supporting factor is that both the packaging and the product can be enriched by having a business partner that has Indian market information. 3. Increased public awareness of health in India who thus prefer to have a more healthy lifestyle by consuming palm oil Product strategy with vitamin A fortification and use packaging that contain health information. Packaging products with brand logos and international or local brands of Indian local business partners should include ingredients with tables using English or the local language. 4. Existence of Indian domestic edible oil production that affects the rate and schedule of the Indian edible oil import demand The entry of palm oil products from Indonesia is scheduled to consider the domestic edible oil production time. 5. Culture of Indian people who consume palm oil in liquid form. Right product strategy for the Indian market is in liquid form. 6. Difference between Consumer Behavior of India. Required strong value chain and understand consumer behavior in the Indian market through a network of export marketing, or distribution networks for products that can be obtained from the joint venture (strategic alliances) between the Indonesian palm oil producers with local companies. 7. Existence of the need for knowledge of distribution channels for palm oil in Indian market. Cooperate (Strategy Alliances) with Indian companies that play in the Indian market. Table 4.4. Results of Technological Factors in India Technological Factors in India Impact on Market Entry Strategy in India 1. Technologies of edible oil production is supported by the Indian government with TMOP program. - The technology is supported by the government, local competitors and substitute products have more competitive prices, - This means it will be more profitable if the delivery is not in the form of crude palm oil (CPO) but already in palm oil. 2. Availability of Access to Information of edible oil market players in India in cyberspace (the internet). - - Manufacturer of Indonesian palm oil which is trying to break into the Indian market to formulate its market entry strategies taking into account competitors and business partners in the Indian market 3. Strong information technology systems that exist in the Indian market - Facilitate planning and market entry strategy through a corporate survey and more comprehensive assessment.
  • 13. 13 After conducting an analysis of external factors faced by Indonesian palm oil in the Indian market, it was found that the factors supporting the success of a strategy to enter the Indian market (Appendix 4), among others, are: 1. Cooperation with local Indian companies, especially for the packaging and distribution problems; 2. Strengths of the upstream value chain, especially in the downstream sector, to collaborate with Indian companies; 3. Concern for the environment is communicated to the market as part of a strategy to enter the Indian market; 4. Behavioral information distribution channels to market and the target market is supported by cooperation with local companies. 5. HR marketing strategy to help enter India. 6. Healthcare information products published to the consumers 7. Strong communications with the Indian market 8. Information technology systems. Analysis of contributing factors is inferred from the opinions of experts (expert judgment) that relate directly to the business of the Indonesian palm oil and palm oil in Indonesian exports to the Indian market that focuses on strength and contributing factors that must be owned by Indonesian palm oil producers with the potential to have a strategic market share in the Indian market as well as weaknesses that must be addressed by the company. Success Factors of Palm Oil products from Indonesia in the Indian Market IFAS and EFAS TABLE Supporting Strategic Factors Weight Rating Weight x Rating Opinion source Internal Strategic Factors The strong network of value chain of products 25% 3 0.75 Stanley, Supervisor pemasaran Permata Hijau Group Strong distribution system in the export market (the need for knowledge of food distribution lines of palm oil in the Indian market) 25% 4 1.0 Full support facilities along the value chain 10% 5 0.5 Robust human resources 10% 2 0.2 Sahat Sinaga, Direktur Eksekutif GIMNICaring for the environment 25% 4 1.0
  • 14. 14 Interest for expansion into the Indian market 5% 4 0.2 Inge Indrawati, HRD Manager Area II SIMP, Sahat Sinaga, Direktur Eksekutif GIMNI Complete information about the Indian market 20% 4 0.8 TOTAL 1 4.45 External Strategic Factors Growth potential of the Indian market over Indonesian palm oil (USDA, 2013) 30% 4 1.2 Sahat Sinaga, Direktur Eksekutif GIMNI Networking with local Indian company (Partnership with Indian companies). 50% 5 2.5 Stanley, Supervisor pemasaran Permata Hijau Group Lines of communication with India should be there. 10% 5 1.5 Stanley, Supervisor Permata Hijau Group TOTAL 1 5.20 CHAPTER V CONCLUSION AND RECOMMENDATIONS 5.1 Conclusion After analyzing the macro conditions given the large Indian market with palm oil market opportunities in India, as well as perform validation with several representatives from companies who know about the marketing of refined palm oil products to India, then some internal and external factors are outlined that should be available to support the implementation of the strategy to enter the Indian market, among others: 1. Negotiation or business agreement with the business partner in Indian market which is nuilt by strong networking along the supply chain of palm oil products, existence of lines of communication with the Indian market, networks and value chains strong distribution system and full support along the value chain; 4. Concern for the environment; 5. Completeness of information on Indian market as well as 6. Human Resources Marketing. 5.2 Recommendations Some suggestions are recommended to all parties concerned an increase in palm oil exports to the Indian market are:
  • 15. 15 - It is advisable for companies that have the potential of palm oil exports to India began to form teams that perform market intelligence survey of potential business partners, either by using the information from the list of edible oil manufacturer in the Indian market which is attached (Appendix 2) or through participation in business matching event organized every year by the Indonesian government through the Chamber of Commerce and by the Indian government. - In addition, the Indonesian palm oil producers that have the potential to expand into the Indian market is recommended to conduct a more comprehensive survey of the market, including the need for information distribution channels that can be used to meet the needs of the Indian market to start doing business communication and contact with market participants (Appendix 2) suitable with the criteria required by each partner company of Indonesian palm oil producers that have the potential and plans to penetrate the Indian market; - The need for support from the Indonesian government in supporting the development of cooking oil industry, especially in the regulation of the marketing and export to the Indian market. Other tasks include the role of the government to safeguard the world of Indonesian palm oil industry to penetrate the Indian market; - For further research, it is recommended to examine completely and detailed to the penetration strategy or evaluating the benefits that can be achieved if a strategy as suggested by the author is taken for several Indonesian companies and Indian markets (case study). References Aaker, D.A. dan McLoughlin, D. (2010). Strategic Market Management – Global Perspectives. West Sussex: John Wiley & Sons Ltd. Andersen, O. (1997). Internationalization and Market Entry Mode: A Review of Theories and Conceptual Frameworks, Management International Business Studies, Vol.17, No.2, pp, 1-26 Albaum. G, Duerr E dan Strandskov J. (2005). International Marketing and Export Management 5th edition: Prentice Hall.
  • 16. 16 Alwan. (2011). Global status report on noncommunicable diseases 2010. World Health Organization. Ayal, I. dan Zif, J. (1978) Competitive Market Choice Strategies in Multinational Marketing, Columbia Journal of World Business. Badan Pusat Statistik. (2011). Perkembangan Beberapa Indikator Utama Sosial Ekonomi di Indonesia. Jakarta: BPS Biro Perencanaan. (2011). Analisis Peluang Kerjasama Investasi Industri Hilir: Kelapa Sawit, Karet, dan Kakao. Jakarta. Kementerian Perindustrian Baye, M. R. (2010). Managerial Economic and Business Strategy 6th ed. New York. McGraw-Hill. Besanko, D., Dranove, D., Shanley, M., dan Schaefe, S. (2010). Economics of Strategy 5th ed. Hoboken: Wiley & Sons Inc. Brewer, Paul (2001). International Market Selection: Developing A Model from Australian Case Studies, International Business Review 10 pp 155-174 Business Standard. (2013). Palm Oil Imports Drop On Increased Avaiability of Other Edible Oils. Ananda Publisher, New Delhi. Chetty, S. K. dan Hamilton, R. T. (1993) Firm-level Determinants of Export Performance: A Meta-analysis, International Marketing Review 10 (3) pp 26-34 Crnindia. (2012). Analyzing the Indian Stock Market. Retrieved from http://www.crnindia.com/commodity/palmoil.html, 8 November 2012 Czinkota, M. dan Ronkainen. (2001). International Marketing 6th ed, Harcourt College Publisher, USA: De Kluyver, C. A, (2012). Strategic Thinking, A View From the Top, New Jersey: Prentice Hall. De. Debdeep. (2011. Edible Oil Sector in India. Jaypee Business School. India.
  • 17. 17 Drawpack. (2011). Strategic Management models and diagrams. Retrieved from http://www.drawpack.com pada tanggal 18 Januari 2011. Farrell, D. dan Beinhocker, E, (2007). Next Big Spenders: India's Middle Class. McKinsey & Company, retrieved from www.mckinsey.com pada tanggal 17 September 2011 Foreign Agricultural Serivice USDA. (2010). Palm Oil: World Supply and Distribution. World Agricultural Supply and Demand Estimate. Washington. Gain. (2013). Fortification in Edible Oil with Vitamin A Bill, 2013. Diakses dari http://www.gainhealth.org/press-releases/fortification-edible-oil-vitamin-bill- 2013 pada tanggal 21 Juni 2014. GAPKI. (2011). Indonesia 2010 Palm Oil Exports Rose 0.6% On Year. Diakses dari http://www.palmoilhq.com/PalmOilNews/indonesia-2010-palm-oil- exports-rose-0-6-on-year-gapki/ pada tanggal 5 Mei 2013. Hammel, G. (1994). Competence based Competition Strategy Management Society. John Wiley & Sons. New York. Hamel, G. dan Prahalad, CK.. (1994). Competing for the Future. Harvard Business School Press. Boston. Corteau C. (2011) Sustainable Palm Oil. Retrieved from http://wwf.panda.org/who_we_are/history/50_years_of_achievements/stories/ ?199970/Sustainable-Palm-Oil pada tanggal 11 April 2013 LiLei. 2011. MPOB: 2010 in Malaysia palm oil export volume growth of 5% YoYo, retrieved from www.sourcejuice.com/1415593/2011/01/11/MPOB- 2010-Malaysia-palm-oil-export-volume-growth/ pada tanggal 11 April 2013 Johnson, G., Scholes, K., Whittington, R.,. 2008. Exploring Corporate Strategy. Financial Times Prentice Hall. United States Kotler, P. (1997). Marketing Management. Prentice Hall Kotler, P. (2002). Manajemen pemasaran (Edisi Milenium). Jakarta: PT. Prenhallindo.
  • 18. 18 Kumar, Anil. (2008). Doing Business in India, Strategic and Practical Consideration. Virtus Global Partner. New York. Lakshmi. (2008). A special report on India: Ruled by Lakshmi. The Economist. Retrieved from www.economist.com December 2008 pada tanggal 12 July 2009. Ma, Hao. (2000). Of Competitive Advantage : Kinetic and Positional. Business Horizons. Vol. 43 Ibssue 1, p53, 12p, 1 diagram. Mooij, Marieke de. (2010). Global Marketing and Advertising: Understanding Cultural Paradoxes. SAGE Publications, California USA Nabhi. (1997). Manual for Foreign Collaboration and Investment in India, , p. 72 OECD. (2013). India Statistical Profile 2013. OECD Factbook Statistic 2013. Olam. (2012). Indian Edible Oil Scenarion in 2015. Presentation at Asso-Comm Grain Conference. Olam Publisher Patel, Samit. (2004). In Depth Study of Edible Oil Industry in India. S.V. Institute of Management. Gujarat. Patel, Govindbhai G. (2011). Consumer Trends in India Relatd to Palm Oil. Pathel and Nikhil Research Company. Kuala Lumpur. Pearce, J. A., dan Robinson, R. B. (2008). Strategic management: Formulation, implementation, and control, 10th ed. New York: McGraw-Hill. Pearson TA. (1999). Cardiovascular disease in developing countries: myths, realities, and opportunities. Cardiovasc Drugs Ther, 13:95-104. Porter, M.E. (1980). Generic Strategies and Performance: An Empirical Examination with American Data Faculty of Management McGill University, and Ecole des Hautes Etudes Commerciales. University of Montreal, Montreal, Canada Porter, M. E. (1993). Keunggulan Bersaing : Menciptakan dan Mempertahankan Kinerja Unggul, Edisi Indonesia. Penerbit Erlangga, Jakarta.
  • 19. 19 Porter, M. E. (2007). Strategi Bersaing : Teknik Menganalisis Industri dan Pesaing. Edisi Indonesia. Penerbit Erlangga, Jakarta. Prabhakar, Hari. (2011). Cooking Oil Industry in India. Website Publisher. India Root, Franklin R. (1994) Entry Strategies for International Markets, Lexington Books, New York Schumpeter, J.A. (1934). The Theory of Economic Development, Harvard University Press, Cambridge, MA. Schwab, K. (2011), The Global Competitiveness Report 2010–2011, retrieved from http://www.weforum.org pada tanggal 10 May 2011. Shama, Avraham (2000). Determinants of Entry Strategies of U.S. Companies into Russia, the Czech Republic, Hungary, Poland, and Romania. Thunderbird International Business Review, Vol. 42. No.6. pp. 651–676 Sharma, D. (2012). Rise in oil consumption by Indians sets off alarm, retrieved from http://indiatoday.intoday.in/story/rise-in-oil-consumption-by-indians- sets-off-alarm/1/182679.html diakses 5 Mei 2013 Simamora, Henry. (2000). Manajemen Pemasaran Internasional Jilid 1. Penerbit Salemba Empat. Jakarta. Indonesia. Simamora, Henry. (2000). Manajemen Pemasaran Internasional Jilid 2. Penerbit Salemba Empat. Jakarta. Indonesia Sipayung Tungkot. (2012). Ekonomi Agribisnis Minyak Sawit. PT. Penerbit IPB Press, hlm. 88. Bogor Sustain. (1998). Vitamin A Fortification of P.L. 480 Vegetable Oil. Sustain. Washington D. C USDA Foreign Agricultural Service. (2013). Food and Agricultural Import Regulations and Standards in India. FAIRS Country Report. USDA. (2014). Oilseed: World Market and Trade.
  • 20. 20 World Bank. (2008). World Development Report 2008, Agriculture for Development. World Bank, Washington World Bank. (2008). World Development Report 2012.Retrieved from World Bank database pada tanggal 5 September 2012. World Trade Organisation. 2010. Trade to Expand by 9.5% in 2010 After a Dismal 2009. WTO Reports, 26 March, retrieved from www.wto.org diakses pada tanggal 23 July 2011 World Bank, (2006) Inclusive Growth and Service Delivery: Building on India's Success (PDF) retrieved from http://sitesources.worldbank.org pada tanggal 7 May 2009, World Bank, (2011). New Global Poverty Estimates—What It Means for India. retrieved from http://www.worldbank.org/en/country/india pada tanggal 23 July 2011.