Preview

Honda Motorbike Vietnam Marketing Strategy

Powerful Essays
Open Document
Open Document
8067 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Honda Motorbike Vietnam Marketing Strategy
Group 1

INTERNATIONAL MARKETING ENVIRONMENT – THE CASE STUDY OF HONDA ON VIETNAM MOTORBIKE MARKET

TABLE OF CONTENT Part | Page | Introduction | 1 | CHAPTER I: THEORY ON INTERNATIONAL MARKETING AND INTERNATIONAL MARKETING ENVIROMENT | 2 | 1.1. Overview on International marketing | 2 | 1.2. International marketing environment | 3 | | | CHAPTER II: CASE STUDY OF HONDA ON VIETNAM MOTORBIKE MARKET | 8 | 2.1. Introduction to Honda | 8 | 2.1.1. Honda Company | 8 | 2.1.2. Honda Motorbike Vietnam | 9 | 2.2. Vietnam environment analysis | 11 | 2.2.1. PEST Analysis | 11 | 2.2.2. Opportunities and Challenges | 14 | 2.3. Honda motorbike strategy | 16 | 2.3.1. The advantage of product | 16 | 2.3.2. Honda’s social campaign achievement | 18 | 2.3.3. More than one symbol | 20 | 2.4. Honda’s success in adapting to Vietnam environment in comparison with Lifan Group | 21 | 2.4.1. General introduction to Lifan Vietnam | 21 | 2.4.2. Differences in the ways of approaching the market | 23 | | | CHAPTER III: EVALUATION AND SOME RECOMMENDATION | 26 | 3.1. Evaluation | 26 | 3.1.1. Strengths | 26 | 3.1.2. Weaknesses | 27 | 3.2. Some recommendation | 28 | Conclusion | 31 | References | 32 |

Introduction
Today the business world is at a cross-road. Are we heading for further integration through globalization or are we returning to increased regionalism? A comprehensive understanding of the issues that are beyond national boundaries has become an essential intellectual asset in all types of business, particularly within international marketing. International marketing has great significance for both the economic development of countries and the profitability of individual business firms. Within international organizations, marketing is the key activity in creating customer focus and in delivering the value added required to acquire an international competitive advantage.
Honda is one of international company which has been



References: Nguyen Bach Khoa, 1999, Commercial Marketing, Education Publisher. PhD. Tran Minh Dao, 2000, Essential Marketing, Statistics Publisher.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    From the perspective of an international marketing executive working in a multinational organisation, use relevant concepts to explain and analyse the key considerations when deciding to operate in new international markets.…

    • 439 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marketing and Easy Ref

    • 1005 Words
    • 5 Pages

    Chapter 1—Introduction to Global Marketing TRUE/FALSE 1. When practicing international marketing, a company becomes more involved in local marketing environments than it does in export marketing.…

    • 1005 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Study Notes

    • 447 Words
    • 2 Pages

    Analysis. One of the most significant of these similarities is the need for organizations to have a paradigm shift in their marketing perspective from local or national marketing to accessing the global market. Regardless of their country of origin or their product or service, it is becoming increasing critical for companies to look beyond their national boarders in order to maintain their market share (Cateora, Gilley, & Graham, 2013, p.10).…

    • 447 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Third, International marketing is facing more diverse selection of marketing programs Companies in the domestic market, although also need to deal with different regions and different programs for different target markets, different strategies, and even the use of different promotions, but the overall program is the same however. the international market is a market composed of different countries .Enterprises in the international marketing, its marketing programs are of diversity, Enterprises in different country markets to sell their products, not unified marketing program, and must host country market, different scenarios were developed.…

    • 328 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    International Marketing

    • 1205 Words
    • 5 Pages

    Brandon Isaac Setiawan February 26th, 2014 Should Global Businesses Adapt to National Peculiarities? Presently, globalization and international markets are growing in importance. More companies are seizing the opportunities appearing in the international marketplace, as the world grows more connected through the use of new technology and international trends. With global companies all wanting a part of the global wealth available, competition becomes fiercer and fiercer as businesses need to prepare and implement innovative strategies in order to succeed. Effectively managing international businesses across many countries is certainly proving to be one of the major challenges in the global market today. Only the best of global companies truly profit, as international markets are places where companies with success and mediocre statuses are divided. But to succeed, a structural arrangement needs to be put in place. There are a variety of different marketing strategies out there. For multinational companies, the challenge remains as to which marketing strategy they see fit to bring them to global success.…

    • 1205 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    EXECUTIVE SUMMARY Globalisation had an increasingly significant impact on international marketing. As the cost and complexity of operating in overseas market has been reduces by globalisation, more and more markets are now becoming open to international organization. This system has resulted into increased market competition which in turn increasing the importance of effective international marketing. Most of the companies want to explore themselves in international market rather than becoming a player in a long held domestic market. All in all, this paper aims at explaining and defining the strategies through which international organizations can adapt to the ever changing environment, tastes and preferences of customers…

    • 3287 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    References: Cateora, P. R. & Graham, J. (2007). International Marketing, 13th Edition, Chapter 9. McGraw-Hill. Retrieved on February 4, 2008 from https://ecampus.phoenix.edu/content/eBookLibrary/content/eReader.…

    • 1400 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Honda Motor Company Ltd. How does Mr. Honda’s history with suppliers relate to Honda’s current supply management strategy?…

    • 1331 Words
    • 5 Pages
    Good Essays
  • Best Essays

    In this project I will be addressing issues involved with marketing to an international audience. By doing so, I will be using academic literature and articles to create the theoretical framework on this topic. In order to show success and failure in the described areas of international marketing, I will provide real-world examples and combine it with the theories described.…

    • 3312 Words
    • 14 Pages
    Best Essays
  • Best Essays

    Hollensen, S. (2004). Global Marketing. 3rd Edition, Pearson Education UK. Keillor, B. (2007). Marketing in the 21st Century: Volume 1, New World Marketing. Westport, CT: Praeger Publishers.…

    • 4053 Words
    • 17 Pages
    Best Essays
  • Satisfactory Essays

    International Marketing

    • 929 Words
    • 4 Pages

    IDISCUSSION QUESTIONS Chapter 1: 1. To what extent is a global approach to international marketing appropriate to firms in the Asia-Pacific?…

    • 929 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    Overview of Samsung In the present unpredictable business trade, marketing plays a fundamental and considerable role and it is a course of action or means to create, deliver, exchange and communicate with customers and clients which is now more pronounce because of globalization. Globalization according to Hamilton (2009) is not a new phenomenon. Nonetheless, within the last few decades, the improvements in technology, international trade and communication have rocketed. However, before we move on to discuss this great phenomenon, it is imperative that we define the terms globalization and marketing.…

    • 1993 Words
    • 8 Pages
    Best Essays
  • Best Essays

    References: Flynn, P. The Challenges of Marketing in a Global Economy (Nov. 18, 2010) Retrieved from http://www.articlesbase.com/marketing-tips-articles/the-challenges-of-marketing-in-a-global-economy-3691187.html…

    • 1857 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Ljkkj

    • 6915 Words
    • 28 Pages

    Adams Global Leadership and Ethical Issues in Marketing & Advertising 2 The marketing industry is a very broad industry simply because at its core is a common business function. Marketing helps companies thrive in the commercial environment by covering the gamut of customer and business owner needs and goals. Marketing leaders are responsible for creating the look and feel of a brand, both for companies and products, and developing strategic ideas of how to engage and inform consumers about the brand. Successful marketing is about sticking to the fundamentals, but that doesn’t mean that all marketing is the same. Because this industry is highly competitive it is paramount for leaders to make quick and informative decisions because change is so quick and frequent it can be the determining factor of who is on top with room to maneuver. Different marketing scenarios call for different angles and analysis in order to recognize future trends to mitigate risks. As a leader knowing where these differences lie can mean the difference between success and failure. It is this pressure to succeed that has some leaders in marketing taking shortcuts or for lack of a better word being unethical. One of the most distinctive areas of marketing is that of global marketing. While fundamentals still apply, selling a product abroad requires a perspective far different than one used for domestic business. Domestic marketing often takes culture for granted, but in foreign markets, culture is invariably different. It is the marketing industry’s job to be aware of these differences and how they impact consumer behavior. However, communications is the bane of expansion efforts by most companies. It doesn’t matter whether companies are selling a product or service, the issues are the same. Examples of this poor culture research done by global marketing firms can usually be seen…

    • 6915 Words
    • 28 Pages
    Good Essays
  • Good Essays

    3. History of Honda After World War II, the economy of Japan is decreased seriously so not many people can buy their own vehicles because it was very expensive. He knew it was a big opportunity for his company so he invented a new cheap motorcycle by attaching engines to a bicycle. It was a very good idea because a product’s cost was very low and also easily attracted clients at this time with cheap price and convenient. After World War II, piston manufacturing facility of Honda was almost destroyed. Honda started to produce motorcycle and a vehicles manufacturer that many people know nowadays, was officially born in…

    • 1167 Words
    • 5 Pages
    Good Essays

Related Topics