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Task 2 – International Market Profile Instructions to Learners: • This summative assessment can be completed in class or at any other convenient location. • Students are required to complete this task...

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Task 2 – International Market Profile
Instructions to Learners:
• This summative assessment can be completed in class or at any other convenient
location.
• Students are required to complete this task using digital tools and ensure to submit in
an acceptable format, e.g. .docx, .pdf, .pptx, or as advised by your assessor.
• Please use the following formatting guidelines to complete this assessment task:
▪ Font Size: 12; Line Spacing: Double; Font Style: Times New Roman
• Assessment activities can be completed either in real workplace environment or in a
simulated environment such as your classroom. In both cases, appropriate evidence of
the assessment activities must be provided.
Instruction to Assessors:
• You must assess student’s assessment according to the provided Marking Criteria.
• You must complete and record any evidence related to assessment activities including
ole-plays and presentations using appropriate forms which must be attached with
student assessment submission.
• You must provide students with detailed feedback within 10 working days from
submission.

Part A
You work for a large car manufacturing company in China have been asked by management to prepare
a market profile for this new car to be exported and marketed overseas. Prepare a market profile for
entering the international market. Your market profile should include the following:
1. Why you have made the decision to export to an international destination? List the benefits of
exporting to international markets?
2. Choose at least three (3) potential international markets,
iefly explaining why each of the
markets is considered a suitable future market.
3. For one of these identified potential markets, identify its attractiveness as the new international
market.
4. Profile any cultural factors that will impact on the firm’s marketing plans.
5. Create a positioning strategy for the business in the proposed international market.
Assessment Format
Your market profile should include a title page and an automated table of contents aligned with your
headings. The header and footer should include your name, date and page number, subject and
market profile number. Do not exceed 1500 words for the entire assessment. Include a reference list.
Use footnoting, APA or the author date system (Harvard Method) referencing for in-text referencing.
Part B
Prepare PowerPoint presentation from your international market profile. Audio visual equipment can
e used for the presentation. Presentations must not exceed 15 minutes.
As a minimum for this assessment task:
• provide an acceptable background explanation to the business’s move to international marketing
• identify 3 potential markets with an acceptable level of justification
• prepare a situation analysis with an acceptable level of detail, using an acceptable number of
cited information sources
• provide a logical targeting strategy given the business’s resources and the target market
• provide a target market description which identifies the main relevant characteristics and
includes relevant culturally influenced factors
• create an acceptable positioning strategy for the business in the international market.
• prepare a profile
iefing report and present it to his/her peers.



















T A S K XXXXXXXXXXMA RKING C R ITERIA
BSBMKG516 - Profile International Markets S NYS
Learner’s name:
Assessor’s name:
Observation Criteria S NS
Determined readiness to market products or services internationally
Listed potential international markets for further investigation
Identified information sources to inform process for selection of
international markets

Determined and documented criteria to determine suitability of
international markets for product or service

Accessed and used information sources to determine suitability of
international markets for product or service to be marketed

Selected international markets for profiling
Evaluated and chose approaches for determining and describing total
market within selected countries, for a product or service

Defined target market for a product or service in terms of prospective
users/consumers, selected market segment/s, and cultural
appropriateness of product or service
Used segment descriptors to describe target market
Identified available marketing strategic options and select targeting
strategy that best meets requirements of the marketing plan

Checked cultural appropriateness of chosen targeting strategy using
available information sources

Described total and selected market and selected market segment/s as a
consumer profile

Ensured consumer profile identifies consumer characteristics in standard
statistical terms and/or descriptive terms used in media selection

Explained market profiling techniques and related software programs
Used demographic data and/or psychographic descriptions in consumer
profile in accordance with requirements of the marketing plan
Ensured profile meets organisational requirements for language, format,
content and level of detail

Identified available positioning strategies and chose a strategy to meet
marketing requirements and consumer profile, including culture of
profiled groups
Checked cultural appropriateness of chosen positioning strategies using
available information sources

Summarised cultural aspects relevant to international markets profiled
Summarised relevant legislation, codes of practice and national standards
affecting marketing operations

Wrote a positioning implementation plan in accordance with
organisational requirements

Outlined organisational requirements for presentation of completed
profile

Feedback to Learner:
Assessor’s Signature: Date:
    Instructions to Learners:
     This summative assessment can be completed in class or at any other convenient location.
     Students are required to complete this task using digital tools and ensure to submit in an acceptable format, e.g. .docx, .pdf, .pptx, or as advised by your assessor.
     Please use the following formatting guidelines to complete this assessment task:
     Font Size: 12; Line Spacing: Double; Font Style: Times New Roman
     Assessment activities can be completed either in real workplace environment or in a simulated environment such as your classroom. In both cases, appropriate evidence of the assessment activities must be provided.
    Instruction to Assessors:
     You must assess student’s assessment according to the provided Marking Criteria.
     You must complete and record any evidence related to assessment activities including role-plays and presentations using appropriate forms which must be attached with student assessment submission.
     You must provide students with detailed feedback within 10 working days from submission.
    Task 2 - Marking CRiteria
Answered Same Day Dec 01, 2021 BSBMKG516 Training.Gov.Au

Solution

Parul answered on Dec 10 2021
136 Votes
Case Study – International Expansion of SAIC
Case Study – International Expansion of SAIC
Introduction
Name of the Corporation - Shanghai Automotive Industry Corporation
Location – China
Company Background & What do they Manufacture - Shanghai Automotive Industry Corporation better known as SAIC Motor Limited is a state owned Chinese automotive manufacturing as well as automotive design organisation which is headquartered in Shanghai. Although the organisation and its inception can be dated to as early 1940's in Chinese and participate in one of the oldest surviving Sino-foreign cars automotive based on joint venture business model. It was founded in the in 2011 and withing short span it has become one of the most prestigious Fortune Global 100 company. Furthermore, SAIC is regarded as one of the biggest state-owned often regarded as "Big-Four" Chinese automobile organisation. SAIC has the largest production in terms of volumes of any Chinese automobile in the FY2014 generating more than 4.5 million vehicles. Marketing mix is not exactly comprehensive for consumer offerings. Nevertheless, around one million and more passenger vehicles can be considered as commercial vans (Team, J., 2020).
Ans1. Rational behind expanding Business Internationally
Plan of the organisation is to become market leader in the global market with a target to become one of six best companies in the world. SAIC has come a long way since its inception. It has performed some of the successful acquisition over the years out of which majority are overseas. This provides huge global footprint spanning various geographic and offices in dozens of countries. The SAIC group is the largest automaker in the China as well as market leader in exporting the vehicle overseas. Perhaps it is a market leader among other Chinese automakers with a strong vision of expanding overseas. Hence, organisation aggressively pursue to grab opportunities in the international market as a part of its internationalism a drive that involves assessment of all possible overseas manufacturing ("SAIC | Welcome to SAIC", 2020)
List of benefits of exporting cars to International market - Following are the reason why SAIC expand in the International market
· Internal Conditions - Automotive market od China is also slowing down as the local automobile organisation already harnessing the cash reserves during last few decades. Therefore, urging the business to look for global expansion (SAIC USA, I., 2020).
· Enhance Revenue Potential - SAIC have deeply penetrated in the Chinese market and nearly exhausted the growth opportunities. Hence, turning to expand globally helps the business to grow. With entry to many foreign markets, this provides SAIC opportunity to explore the market as well as acquire access to many customers that can in turn boot sales and help in growth of revenues
· Access to New Market - SAIC has witnessed tremendous success in China and saturated its opportunity of growth. Hence, it is the right time to leverage the market and harness a greater growth potential globally. For instance, emerging economies like India or other Asian countries that have now become strong hub for technology advancement. SAIC can also manifest in the developed market in the United States and America expands the customer base and strengths the sales for the business
· Expansion of Customer Base - One of the biggest advantages expanding overseas is that it get huge opportunity to take the products and sell it to new customers. With expansion comes the opportunity to deepen the reach, penetrate deeper in the market, connect with wider audience and reach exponentially large customer base that can also contribute in strengthening business and sales enhancement.
· Global Expansion allows SAIC to diversify - Only concentrating in the Chinese market can restrict the potential of growth and scale for the business. Perhaps, SAIC would have tremendous exposure when they operate in only one country. Therefore, expanding the market internationally allows SAIC to diversify the market hence making revenue very stable. Essentially, even if the domestic Chinese market is slowing down SAIC can leverage the growth in some other geography. This is can help provide the business strong foundation as well as cushions the business during weaker economic condition in the China
Ans2. Three International Market that SAIC can contemplate for expanding Internationally
Internationalization and growth are essential which goes hand in hand. Three potential International market that SAIC can select to expand into is Europe, India and United States
· India – First market that...
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