Elements and Performance Criteria
- Select potential international markets for further investigation
- Determine readiness to market products or services internationally
- List potential international markets for further investigation
- Identify information sources to inform process for selection of international markets
- Determine and document criteria to determine suitability of international markets for product or service
- Access and use information sources to determine suitability of international markets for product or service to be marketed
- Select international markets for profiling
- Identify the target market
- Evaluate and choose approaches to determining and describing the total market within selected countries for a product or service
- Define the target market for a product or service in terms of prospective users/consumers, the selected market segment/s and cultural appropriateness of the product or service
- Use segment descriptors to describe the target market
- Identify available marketing strategic options and select the targeting strategy that best meets the requirements of the marketing plan
- Check the cultural appropriateness of the chosen targeting strategy using available information sources
- Profile the target audience
- Describe the total and selected market and the selected market segment/s in the form of a consumer profile
- Ensure the consumer profile identifies consumer characteristics in standard statistical terms and/or the descriptive terms used in media selection
- Use demographic data and/or psychographic descriptions in the consumer profile in accordance with the requirements of the marketing plan
- Ensure the profile meets organisational requirements in terms of language, format, content and level of detail
- Develop a positioning strategy
- Identify available positioning strategies are and choose a strategy to meet marketing requirements and the consumer profile including the culture of profiled groups
- Check cultural appropriateness of chosen positioning strategies using available information sources
- Write a positioning implementation plan in accordance with organisational requirements