Marketing Assignment Example | Topics and Well Written Essays - 1500 words - 1

Marketing - Assignment Example Threats are competitions who are strongly positioned while opportunity is the growing interest of coffee drinkers for a sophisticated taste of coffee. As a formulation of an international marketing strategy, recommendation is for entry of Costa Coffee using a differentiated business approach. The purpose of this report is to analyze the critical factors required in entering a foreign market. The chosen country is Azerbaijan which is located in Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range. (CIA 2012). Costa Coffee needs to decide on the four types of entries to this market, namely: exporting, licensing, joint venture, and direct investment (Washington Secretary of State. Corporations Division). Costa Coffee has also need to plan the appropriate strategy in its entry. The market strategies established are the technological innovation, (the superiority of the product); product adaptation (modifications in the existing product); Availability (low price strategy); or total adaptation (conformity strategy). Azerbajan has a total population of 9,643,000 as of 2011 (CIA). It is composed of 3,436,459 females and 3,307,88l males in the bracket of ages 15-64 and a male population of 227,172 and 367,675 bracket of 65 years and above. Population is composed of Azeri 90.6%, Dagestani 2.2%, Russian 1.8%, Armenian 1.5%, other 3.9% (1999 census). Population growth rate is 1.017% with a rank of 114 in world comparison. Baku, its capital holds 1.9 million people. 2. Economy. Its high economic growth is attributable to a large and growing oil exports, construction, banking, and real estate. Obstacles to its progress is said to be the public and private sector corruption and infrastructure inefficiencies. The country also needs a stepped up foreign investment in the non-energy sector. It imports