DESCRIPTION
This paper builds upon the existing research information that established the notion that Switzerland could be a new market for the Innocent brand of Smoothies. After having taken the PESTEL analysis of the Swiss market for smoothies and deciding the strategic options available to the company, the next step is to identify the appropriate market entry strategy. The strategic option chosen by Innocent was the "Market Development Strategy." This paper has the following objectives:
• To evaluate the market entry options that innocent smoothies has to enter the Swiss market
• To suggest the best option or a combination of options for the successful operation of Innocent Smoothies
• To determine the appropriate marketing mix – Standardization or Adaptation
• To determine the organizational structure that is most suitable for international operations
• To determine the importance of logistics and supply chain and suggest the best distribution channel strategy for Innocent smoothies
The Word document delves into the critical aspects of the marketing mix, providing a comprehensive analysis of whether to standardize or adapt the marketing strategies for the Swiss market. It evaluates the four Ps—Product, Price, Place, and Promotion—tailoring recommendations to align with local consumer preferences and market dynamics. This ensures that Innocent Smoothies can effectively position itself against local and international competitors.
The plan also addresses the logistical and supply chain challenges specific to Switzerland, offering strategic insights into optimizing distribution channels. By leveraging local partnerships and efficient supply chain management, the document outlines actionable steps to enhance market penetration and operational efficiency. This makes it an indispensable resource for executives aiming to make informed decisions on market entry strategies.
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Source: Best Practices in Market Entry Example, Channel Strategy Example Word: Innocent Smoothies Market Entry Plan for Switzerland Word (DOCX) Document, Arbalest Partners
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