Preview

Marketing and Entry Mode

Powerful Essays
Open Document
Open Document
19453 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing and Entry Mode
TITLE
“Internationalization Process of Toyota in Europe from the Perspectives of Entry Mode and Network Structure”

London School of Commerce (LSC)
University of Wales Institute of Cardiff (UWIC)
Student Name: Miss. Sajida Ramzan
Student ID: 0089kkvl0409
Course: BABS 6 (HONS)
Subject: Disertation
Lecturer: Dr. Gerald Pollio

Executive Summary

Problem, Purpose and Method

Decision-makers, like sailors, need to know how to ride out a potential storm and to understand how the winds may change in the future. (World Economic Forum 2009) In global automobile field, Toyota’s faced several problems in European market at the entrance and what entry mode did Toyota choose? Why did they select those entry modes? And how did they manage their internal and external network structure during the entry mode evolution process?

Research described and explained how Toyota Company found the European `market from the perspective of entry mode and network and also research intended to provide useful information to the companies that want to acquire experience before entering into the European market.

Research designs the dissertation a case study about the entry mode of Toyota in the European automobile market and also dig up in-depth understanding of the research problem, the qualitative research approach is chosen for this research. During the analysis part, all information is derived from books, articles, websites and related concern Toyota departments etc.

After the analysis process, Toyota developed in the European automobile market and after vigilant consideration about both internal and external factor, Toyota usually preferred to overcome a new automobile market with a relevant deep risk at entry mode, such as exporting, licensing and operational at the basic level. Then, with the increase of their experience in the automobile market as well as the growth of network, Toyota’s started to modify to a higher risk level entry mode, like joint venture



References: - Worthington, I (2003) “The business environment” Pearson Education press, London Worthington, I. (2003) “The business environment” Pearson Education press, London.Pg.466 Root F.R (1998) “Entry strategies for international markets” Jossey - Bass, San Francisco Pg.160 Stuart Wall & Ronwen Rees (2001) “Introduction to International Business” Chp2, Internationalisation Process, Edit 1, Published by Pearson Education Limited Monir Tayeb, (2000) “International Business, Theories, Policies and Practices”, Chp No Mtigwe, B. (2006) “Theoretical Milestones in International Business, The Journey to International Entrepreneurship Theory”, Journal of International Entrepreneurship, Vol.4, pp.5-25. Ojala, A (2008) “Entry in a Psychically Distant Market: Finnish Small and Medium sized Software Firms in Japan”, European Management Journal, vol.26, pp.135-144 Dunning J Johanson J and Vahlne J.E. (1977) “The Internationalization Process of the Firm - A Model of Knowledge Development and Increasing Foreign Market Commitments”,Journal of International Business Studies, 8, No.1, Spring/Summer, p 39. Mtigwe, B. (2006) “Theoretical Milestones in International Business: The Journey to International Entrepreneurship Theory”, Journal of International Entrepreneurship, vol.4, pp.5-25. Buckley, P and Casson M (1979), “A Theory of International Operations, European Research in International Business”, Asmterdam: North Holand.Pg.1-18 Krish Bhaskar (1980) “The Future of World Motor Industry”, Chapter 8 Western Europe in the future, Page 12 Penrose, E (1995) “The Theory of the growth of the Firm”, Oxford University Press. Cateora, Graham (2007) “International marketing”, Chp 11, Global Marketing Management, Pg. 317, Publish by Mc Graw Hill, Edition 13 Kavin Lane (1994), “Marketing Management”, part 2, Pg 85, Publish by Pearson Prentice Hall, Edition 12. Kotler et. al (2008), “Principles of marketing”, Part 1, Marketing Now, Pg. 8, Edt 5th, European Fred R Stephen P. Robbins / Mary Coulter (1996), “Management”, Part 3 Planning, Pg. 159-160, Published by Pearson Prentice Hall, Edition 8th Porter, M Geert Hofsted (1995), “International Business” Chp 5, International strategy: a multitude of option, Editied by Margaret Woods, Published by Chapman & Hall Ingo Walter (1982) “Hand Book of International Business”, Section 31 (Kotler & Armstrong, 2008, Pg. 590, “Principles of marketing’’, Part 4th, Edt 13th . Monir Tayeb, (2000) “International Business, Theories, Policies and Practices”, Chapter 6 Pg 164, International Marketing Planning, Published Prentice Hall. Hill, Charles W.L (2007) “Foreign Market Entry: Excerpt from: International Business – Competing in the Global Market Place”, McGraw Hill, Irwin Johanson, (16 pages).42. Erwin J.Keup (2007) “Franchise Bible, How to Buy a Franchise”, Part 1, Pg 5, Edition 6th. Vern Terpstra, Ravi Sarathy (2000), International Marketing, Chp 5, Political legal environment Pg 94 and 154, Published by Dryden Francis Cherunilam (2008), “Business Environment”, Chp Stephen P. Robbins and Mary Coulter (1996) “Management”, Part 3 Planning, Pg. 159-160, Published by Pearson Prentice Hall, Edt. 8th Thompdon (2005), “Strategic Management”, Chp 10, Strategic Leadership, Entrepreneurship and Entrepreneurship, Pg O.C Ferrell, Michael D. Hartline (2005) “Marketing Strategy”, Chp. 5, Managing Customer Relation, Pg. 114, Published by Thomson South Western Development of log Charles W.L Janet Morrison (2002) “ International Business Environment” chp. 1 Pg 2-3, Edition Palgrave. Root, F.R (1998) “ Entry strategies for international markets” Jossey-Bass, San Francisco. Taylor, C.R., Zou, S., and Osland, G.E. 1999, “Foreign market entry strategies of Japanese MNCs”, International Marketing Review, vol.17, pp.146-163 Chen, H

You May Also Find These Documents Helpful

  • Good Essays

    Mgt Wk 2 Indy Paper

    • 795 Words
    • 4 Pages

    Hill, C. W. L. (2009). International Business: Competing in the Global Marketplace (7th ed.). Boston: McGraw-Hill…

    • 795 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    * M.R. CZINKOTA, M.H. RONKAINEM & M.H. MUFFETT, 2009, Fundamentals of International Business, 2nd Ed, Baltimore USA, Wessex Press…

    • 1657 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Cavusgil, S. Tamer, Knight, G and Riesenberger, JR 2008, International Business: Strategy, Management and the New Realties, 1st edition, Prentice Hall, New Jersey.…

    • 1720 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    This report focuses on the possible market expansion strategy of the Toyota Prius in China’s Automobile market. Since its entry to China as a 50-50 joint venture with Tianjin Auto in 1994, Toyota has done just as well as it has done in other countries globally. Its reputation for good quality and affordable vehicles were the reason for this success. It was therefore uncharacteristic that the Prius lacked this appeal in the Chinese market despite being a hit in most developed countries, especially the USA.…

    • 6756 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Since it has not been done before by Toyota, there are many risks involved that have to be identified and assessed. This risk analysis will allow the company to come up with a compelling strategic plan to enter this new market and to enforce its position in Europe. The risks will be classified in different categories and will be assessed by importance and likelihood of occurrence. To goal is to minimize the overall risk in order to maximise the profitability of this undertaking in France.…

    • 10625 Words
    • 43 Pages
    Good Essays
  • Powerful Essays

    Source: Taggart, J H and McDermott, M C (1993) The Essence of International Business, Prentice Hall, Englewood Cliffs, NJ.…

    • 3467 Words
    • 34 Pages
    Powerful Essays
  • Best Essays

    Hill, C., Hwang, P. & Kim, W., (1990). “An eclectic theory of the choice of international entry mode”. Strategic Management Journal, 11, pp.117-28.…

    • 847 Words
    • 4 Pages
    Best Essays
  • Good Essays

    Asiacell

    • 545 Words
    • 3 Pages

    References: Hill, M. (2013). International Business: Competing in the Global Marketplace. New York, NY: McGraw-Hill/Irwin.…

    • 545 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Toyota

    • 341 Words
    • 2 Pages

    Toyota is one of the most known car company that spreads on over the world. The company has been established for over 50 years in Australia; Toyota has grown to be one of Australia's leading automotive companies. From estimation and analyse of the company situation then compare to the Australia motor vehicle industry so that assists supporting for the market planning within the company. The analysis of Toyota Company consists of 4 factor; those are company analysis, market analysis, environment analysis and competitive analysis. In addition, these factors have significances that impacts directly and indirectly on Toyota.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Griffin R.W. and Pustay M.W. (2010) International business: a managerial perspective, Prentice Hall Pearson Education, 6th edition, New Jersey, United States…

    • 25254 Words
    • 87 Pages
    Good Essays
  • Better Essays

    MAN-372 W/A 5

    • 1827 Words
    • 6 Pages

    References: Hill, W.L. C. (2013). International Business Competing in the Global Marketplace. 9th ed. New…

    • 1827 Words
    • 6 Pages
    Better Essays
  • Good Essays

    TOYOTA

    • 341 Words
    • 2 Pages

    Toyota has doubled its market share in Europe in the past four years to 5.1 percent due to import restrictions being dropped in the 1990's. The opening up of imports in the European market is a great opportunity for Toyota because that enables them to put their…

    • 341 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Hill, C.W.L., (2009) International Business: Competing in the Global Marketplace 7th ed. International Edition. New York: McGraw Hill-Irwin…

    • 3237 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    Hill, C. W. L. (2007) International Business: Competing in the Global Marketplace, 6th Edition, McGraw-Hill, New York.…

    • 1740 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Toyota Swot Analysis

    • 7329 Words
    • 30 Pages

    During the 1990s a global and strong emphasis has been put on the environmental issues worldwide, legally binding documents being signed by governments, obliging to adopt “green” policies. Manufacturers had to follow the governments. Toyota answered to the “green debate” challenge by introducing the first mass-produced hybrid car in 1997. Toyota, the pioneer of Japan’s automobile industry was established as an independent company in 1937. Since 1958 the company has been exporting and started to manufacturing abroad. In 1950 Toyota Motor Sales Company was established which merged into the Corporation in 1982. Managing a truck and four car companies and producing over 5.5 million vehicles per year, Toyota is today the largest automobile producer in the world. The two pillars of Toyota Production System are just-in-time and built-in quality. The Porter’s 5 forces analysis of the car industry for the late 1990s shows low threat of new entrants, as well as low bargaining power of both buyers and suppliers. The threat of substitutes and the competitive rivalry were high. The SWOT analysis for the period between 1990 and 2000 shows that the main challenges of the decade were caused by legal (tariff-barriers) and macro-economical factors (oil crisis 1990, economical crisis 1997 in Asia), while the environmental concern was both a threat and an opportunity for Toyota. Its main strengths were the experience in the “greener” car sector and the introduction of Prius, as well as the successful Toyota Production System. The fact that the company had to recall some cars due to quality defficiencies, was its main weakness. The SWOT analysis looking at Toyota in 2009, shows increasing demands for cars, active cooperation in…

    • 7329 Words
    • 30 Pages
    Powerful Essays