1. Based on your assessment, what is the central problem facing Minolta?
2. Identify and explain in Substantive Detail Each of the several different strategies that Minolta can use to reduce the gray market problem—as discussed in the case. Discuss in Substantive Detail the various Advantages and Disadvantages of each strategy being considered?
3. Other than those already considered in the case, identify further strategies which you suggest that be used in Addition to curb the gray market problem faced by Minolta. Discuss the Advantages and Disadvantages of each strategy you suggest.
4. Based on the identification and discussion of the Advantages and Disadvantages of various strategies in (b and c) above, which strategy(ies) would you recommend to be implemented to resolve Minolta’s gray market problem? Why? Fully defend your suggestion.
5. Based on the various readings as well as the video lecture, do you think it is possible for firms to standardize price for all the country markets they operate in? Identify and discuss some factors that prevent the standardization of pricing on a global basis.
1. As per the analysation, the major issues which are faced by Minolta are mainly related to stabilisation of the global market. Some of the adaptations which follows are:
2. The higher sales try to advertise the costs which bring a requirement to manage the loss and bring in the terminations point which will give a reason to terminate the cost at which the marketing merchandise comes at stake. Some of the strategies that were adopted were:
3. The process and the standardisation program are the main aspects which lead to orientation globally. (Kilian & Murphy, 2014). It is important for the development and procedure that one could solidify an approach which would be able to have a mixture comprising of better designing and branding along with packaging, pricing and promotion of sales through advertisement. To curb the problems, there could be certain advantage or disadvantage for:
But as a disadvantage, there can be problem, as diversified people will have different thoughts and that will shake the budget of the company to get the desired product.
4. the best strategy is to emphasise on the performance which will orient for the human resource system which will help in major emphasis and trial to reach to an integration which will be able to handle the large part of the finance, thereby, restructuring the approach which will be able to take hold of the companies and establishment to the foundation of the management and the preparation. This will helping the integration and process will be significant for attaining higher profits as well as better growth in all the status as well as improvement. The foundation leads to the improvement and the integration of the resources which has been able to concentrate and integrate the different controllers and the higher qualified image quality to bring the proper technological growth in the organisation. The business needs to respond to the market sales, thereby, creating a higher value marketing scheme which will be evaluated under the focus of the lenses and the technologies that are set up as the change in the product and the chain. (Tassy, 2014). The categorisation of the slim and the compact resolution, will help in improvement and expansion of the business sales and production on the basis of expansion as well as better sales network. The Minolta case has to be under the primal guidance so that they are able to give best services to its customers and try to bring an up gradation in the marketing business. As low prices, it becomes difficult to evaluate the product and subject for the discussions which could have problem in solving the discussions as well as difficulties.
5. The price of the firms could be standardised if there is a proper arrangement and there is a group work which is accepted and finished in time. (Telo, 2014). This will help in ignoring the problems related to the market growth. The major concept comes when there is a deadlock and better opportunities which will be able to high-held the grounds and help in finishing the implementation with better compatibility, which was not seen in case of Minolta. To reach the higher standards, the exchange rates of the currency should have been pre-planned which could have made the job easily and valuable for all the people to exhibit better position of exchange and trying to manage with the environment. (Greider, 2014).
The factors which could be helpful for preventing the problem of standardisation are:
Reference
Telò, M. (Ed.). (2014). European Union and new regionalism: competing regionalism and global governance in a post-hegemonic era. Ashgate Publishing, Ltd..
Kilian, L., & Murphy, D. P. (2014). The role of inventories and speculative trading in the global market for crude oil. Journal of Applied Econometrics,29(3), 454-478.
Tassey, G. (2014). Competing in advanced manufacturing: The need for improved growth models and policies. The Journal of Economic Perspectives,28(1), 27-48.
Data’s, I. Y. T. B., & Tough, C. A. (2014). How to Address the Gray Market Threat Using Price Coordination. Image.
Munyiri, M. M. (2014). Market entry strategies used by multinational corporations to enter into Kenyan market (Doctoral dissertation, University of Nairobi).
Madiès, T., Guellec, D., & Prager, J. C. (Eds.). (2014). Patent Markets in the Global Knowledge Economy: Theory, Empirics and Public Policy Implications. Cambridge University Press.
Joung, M. J. (2014). An Analysis of Patent System and Antitrust Law Issues in OLED Display Industry: Focusing on the Patent Strategy for Securing Technologies and Materials.
Terpstra, V., & Yu, C. M. J. (1990). Piggybacking: A quick road to internationalisation. International Marketing Review, 7(4).
Greider, W. (1998). One world, ready or not: The manic logic of global capitalism. Simon and Schuster.
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