International
marketing is marketing done beyond the local and national boundaries of a
country. It looks at the world as one market place to conduct its marketing
activities.
Global
marketing and International marketing are both considered to be the same and
the term is used interchangeably now-a-days. There is a very thin line of
difference between the two.
However when we look at these two from marketing
point of view, international marketing is the evolution stage of Global
marketing. That is Global marketing comes first from Domestic marketing, Export
marketing, International marketing, Multinational marketing and then Global marketing.
It can also be classified by saying that in International marketing different
products are sold to different countries, however for Global marketing one or a
single product is sold to the entire world looking at the world as one market
place. Both these concepts are now fused together now i.e. both
different products are sold throughout the world by one company and at the same
time one single product is also sold to the entire world.
Global
marketing is not that simple. There are a lot of procedures involved in order
to set one up in different countries looking at many different aspects such as
climatic conditions, cultural differences, local needs, differences in tastes and
concepts of people etc. Its involves a lot of market research and procedures
such as planning, marketing mix strategies, profitability, market accessibility
etc. and also learn more about the product itself such as Product strategy, product type, perception and
attitude towards countries, product concepts such as tangible or intangible
etc.
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