Domestic an Global Business Environment - Free Essay Example

INTRODUCTION THE MARKETING STRATEGIES OF THESE KIND OF BUSINESS DEPENDS ON THE NATURE OF THE BUSINESS INVOLVEMENT. FROM THE BEGINNING, THE DIFFERENCES OF THE TWO MARKETS ARE OBVIOUS FROM THE POINT OF THEIR MARKET HOST AND DEMAND DOMAIN. BASIC EXPLANATION: AN INTERNATIONAL BUSINESS IS A BUSINESS WHOSE ACTIVITIES ARE CARRIED OUT ACROSS NATIONAL BORDERS. THIS DIFFERS FROM A DOMESTIC BUSINESS BECAUSE A DOMESTIC BUSINESS IS A BUSINESS WHOSE ACTIVITIES ARE CARRIED OUT WITHIN THE BORDERS OF ITS GEOGRAPHICAL LOCATION DOMESTIC MARKETING: There are four guiding principles that derives the marketing strategy Knowledge Based Promotion Building Loyalty Parameters Not Formulas Meeting the Genuine nee INTERNATIONAL MARKETING: International marketing goes beyond exporting and calls for direct involvement in the local marketing environment within a given country Understanding different cultural, economic and political environments becomes necessary for success in international markets EMPIRICAL EXAMPLES: domestic market always have a great rise but international marjets strive to grow DRIVING BUSINESS FORCES There are five kinds of drivers, all based on change, that are leading international firms to the globalization of their operations. Political Technological Market Cost Competitive As a old saying goes, â€Å"everything starts in a small step†, this quote should be retain in the business’s mind as the start of the business cycle. It only means that the business should start in a way where the people behind it will learn to solve problems in a small little way. People that doing the strategic approaches, dictates the outcomes of the business, only because they assume and formulated the various outcomes of it. CONCLUSION: