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International Marketing Research

Study International Marketing Research with ICMMain topics of study:

Export Markets:

  • The Nature of Export Markets
  • How Many Markets to Choose?

What Influences Market Selection?:

  • Market Potential
  • The Degree of Adaptation Required
  • Accessibility of Markets
  • Dangers of Fragmentation of Effects

Making the Selection Decision:

  • Collecting Information & Seeking Advice
  • Visiting Markets
  • A Strategy for International Marketing

Why is Market Research Needed?:

  • Market & Investment Planning
  • Development of Products to Fit Different Markets
  • Choosing the Appropriate Marketing Mix
  • Forecasting

Sources of Information:

  • Internal Records
  • External Desk Research
  • Field research

Methods of Collecting Information:

  • Desk Research
  • Interviews
  • Observations
  • Test Marketing
  • Questions & Questionnaires
  • Sampling Techniques

The Market Research Brief:

  • Using In-House Staff
  • Using a Market Research Agency
  • Preparing the Brief

Questions & Questionnaires:

  • The Objectives of the Survey
  • The Target Respondent
  • Types of Questions
  • Forms of Questions
  • Pre-Coding Questions
  • Editing of Answers

The Export Marketing Plan:

  • Setting the Objectives
  • Resources Required to Meet Objectives
  • Sales & Profit Targets to Meet Objectives

Monitoring & Control of the Plan:

  • Periodic Checks on Performance
  • Against Targets

Numerical & Statistical Analysis:

  • Presentation of Data by Graph, Chart & Diagram
  • Analysis of National World Markets
  • Calculating Market Share
  • Comparative Performance

Budgets:

  • Sales Budgets
  • Market Research Budget
  • Other Types of Budgets

Some Other Numerical & Statistical Aspects:

  • Use of Averages

Reading List

Main Text:
Principles of International Marketing Research - L W J Groves (Blackwell Publishers)

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