Part 1- Planning the Global Business Enterprise OBJECTIVE 1- Identifying Global Business Opportunities • Determine potential international markets for existing or proposed goods and services OBJECTIVE 2- Analyzing International Competitors • Identify domestic and international companies involved in similar business global business activities OBJECTIVE 3- Assessing the Economic-Geographic Environment • Examine geographic and economic factors that affect the business environment of a nation OBJECTIVE 4 –- Assessing the Social-Cultural Environment

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Global Marketing

Global marketing is defined as the process of promoting a product and making it available beyond its country of origin. Hence, it can also be referred to as international marketing. When a product reaches a consumer beyond domestic boundaries, it is called global marketing. Global marketing is a sub-part of marketing. It is not just limited to selling the product worldwide; but also involves proper planning, procurement of materials, manufacturing of a product, placing, and promotion for the product, and introducing it in the domestic and the international markets. Global marketing is not only important for the success of a business but also helpful in the retention of a large consumer base. Various business organizations or companies have failed due to the shortcoming of proper marketing techniques.