大综合考试!!

.Section1:Q1: 1a. Alba has chosen to focus exclusively on the premium spirits market rather than providing less superior brands.Alba focus on three benefits of premium spirits firstly is easier to build brand identity. Secondly gain more profits. Thirdly is helpful to achieve goals.Only focus on premium people have the potential to create a brand identity and awareness. Albas products are premium products. Alba allows buyers to have cognitive differentiated products as a symbol to reflect their social class and social status, which helps product positioning. Get more profit. Albas products are high profit margins for luxury goods. The price they sell is certainly much higher than its cost. This proves that Albas earnings are huge.Alba focused on the excellence of the brand spirit is the effectiveness and implementation of the objectives. It makes staff training more concentrated, so that the goal can be realized more clearly. Employees are only concerned about their contribution, give full play to their skills and enthusiasm for the work.Alba focus on two disadvantages of premium spirits are suffer high risks and dismiss some opportunities. Alba to premium products with high risk to enter the market. Alba only a commodity rather than a different kind of goods against the spread of risk. If a policy aimed at a premium, Alba will take all the negative effects, it will not get any profit. In this case, in Russia and Turkey, there are restrictions on the advertising of high-end liquor. This policy will reduce Albas personal brand awareness as well as the decline in Albas profits.Another is Alba very professional premium spirits may lose the opportunity. Some customers are more willing to buy ordinary spirits, premium spirit is a small number of peoples choice. Alba was so focused and did not consider the people of all walks of life. Alba may sacrifice some opportunities in this respect.1b. Analyze potential conflicts that Alba may encounter when co-ordinating growth with its corporate social responsibility commitments.The first point is the conflict of the sense of social responsibility and business. Marketing and promotion way by social responsibility constraints. Not to underage propaganda, sponsor, without authorization are her sense of social responsibility commitment. In the case the company operates an operates an approved incentive and saving scheme that encourages employees to participate in share ownership. The scheme permits employees to retain their shareholding after retirement.The second point is that the market economy system is not perfect. Consumers and enterprises need to deepen understanding. At the same time, the enterprise is still in the low end of the international manufacturing industry chain, lack of innovation ability, low profit margins. Alba believes that its brand growth cannot be centred on advertising and billboards, but believes in promoting its brands through providing training and support to bars who can impact knowledge on the history and culture of its products.The third point is the conflict between the thinking mode of enterprise culture and the way of communication. Of different ethnic groups living in the special natural and geographical environment, forming a respective historical background and cultural environment, also formed their own mode of thinking, and in turn continue to influence, to form a specific cultural connotation and elements. The language of the world is different, even the same language, different translation methods will have a very big difference, the difference between the language of international marketing enterprises to overcome the primary obstacle. Alba has its headquarters in Edinburgh and employs 1,000 workers in Scotland; however due to its international operations, over 55% of its employees are based overseas.Q2: 2a. Assess the strengths and weaknesses of Albas export strategy.Indirect export enterprises can obtain the following benefits: First, the use of foreign exporters or agents of foreign channels and export experience, quickly open the international market; Second, do not have to add export agencies and personnel, to save the cost of direct channels; Third, reduce the financial burden and reduce the risk.For businesses, indirect exports also have disadvantages: First, the flow of products and price control is low, and even can not be controlled; Second, it is difficult to quickly grasp the international market information, which is not conducive to improving the adaptability and competitiveness of the international market; Third, can not get the direct experience of transnational marketing; fourth, it is difficult to establish their own reputation in the international market. In the case Albas core business is in its export markets and therefore financial results are greatly impacted by prevailing currency rates. Alba manages exchange rate risk through hedging. (Hedging involves the reduction of risk that rises from future movements in an exchange rate. Management generally hedges for adverse movements only, for example higher costs and reduced income).2b. Alba utilizes several route to market strategies to distribute its products, including direct routes and joint ventures. Analyse the potential benefits and drawbacks of such strategies.Alba enters the market using direct export and joint venture strategy distribution products. The advantage of direct export to the enterprise is that it can grasp the trend of foreign market more quickly, so as to improve the products and improve the adaptability and competitiveness of the products to the international market. The disadvantage of the direct export to the enterprise is that it increases the burden of capital turnover and increases the risk. In the case, in the USA, the largest premium spirits market in the world, Alba now controls its sales and marketing directly. It has also broadened its coverage within the United Sates, opening regional offices in Chicago, Orange Country and Miami. South East Asia offers excellent prospects for growth as a result of increasing middle class consumers and fast growing economies.Advantages of joint venture to learn and adapt to the local objective environment, better understanding of the host countrys economic, political, social, cultural and other conditions, help investors to make the right decisions.Joint venture disadvantage due to differences between the two sides of the business objectives and ideas. In terms of market intentions and sales intentions may differ in the length of the interests of different investors may be difficult to unify. In the case, South East Asias major countries are attracting a record level of foreign investment and are expected to overtake China in the next few years. One reason for this is that, as the emerging middle-class consumers travel more and become more knowledgeable about different cultures.Section2:Q1: 1a. With the aid of a suitable diagram, evaluate how a banon alcohol advertising in Russia and Turkey could adversely impact on the global performance of a company like Alba.There are many elements can effect demand, such as price, customers behavior, income, government policies, advertising and so on. In Russia and Turkey, some of the restrictions on premium spirits ads lead to a demand curve to turn left, which means that the spiritual demand for excellence will be reduced. Lack of awareness of the packaging brand with the effect of advertising. If this happens, in the short term, the supply will exceed the demand, the left shift curve so that from Y to Z the balance point, the price will fall, Z as a new equilibrium point, with less price and quantity. Total income is equal to the price times the quantity. Compared with Y, the new total revenue will be reduced, because its price and quantity are less than before.In this case, the limitation on advertising both in Turkey and Russia lead to the downward on demand also the total revenue presents a similar trend international market. 1b. Consumers real incomes will have an import on the demand for Albas products. Using the concept of income elasticity of demand, Evaluate the potential impacts that this may have on Alba.Income elasticity of demand means proportionate change in the demand for a good in response to a change in income. It is reflected in how people change their consumption habits with changes in their income levels. In a growing economy (where income levels are rising) goods whose demand is highly income-dependent will sell more than the goods whose demand is not income-dependent. Ey=%Q/%Y(Q: Quantity; Y: Income). There are two main kinds of situations: the demand of the negative elasticity of income and poor quality of goods; demand is elastic and normal commodity related; income will lead to increased demand. If the demand for a commodity elasticity of income is less than 1, it is ordinary good. If the elasticity of demand is greater than 1, it is luxury good. In this case, Alba benefit from and other premium brands to promote cooperation and jointly promote the luxury brand to adapt to consumer diversification. As women continue to grow in material wealth, demand will rise sharply. On the contrary, if the customers income is reduced, the demand forecast will be greatly decreased. Those normal goods without brand awareness, customers are likely to continue to choose Albas products.In addition, when income rises, demand will rise. However, if the market is saturated, even if revenue is rising, demand is limited, because other projects will change in the market.1c.If the government is successful in introducing a minimum retail sales price for alcohol in the UK in order to reduce consumption, what impact would this policy likely have on the supply of alcoholic drinks?Minimum limit, also known as protective price. Is the minimum price limit specified by a government for a certain import, that is, when the price of the imported goods is lower than the specified minimum price, the government shall impose import duties or import. This is a non tariff protection measures. It will make the market a long time in an unbalanced state of supply and demand, thus increasing the pressure on the governments financial subsidies. When the British government to implement the policy, the British government initiative to control pricing, customers may reduce their purchases or even completely withdraw from the market. This policy of higher than demand will also reduce the sales of alcohol Alba, the decline in sales volume affect the supply, the supply will be reduced.As to the price elasticity in numerical form. This product is an advanced product, it is a flexible. At the same time, Albas products are addictive. Therefore, Alba through different ways to reduce the demand for flexibility. Alba will increase profits through the increase in its price.Q2: 2a. Alba only operates in the premium spirits market. Evaluate ways in which this may affect its marketing.Alba mainly concentrated in the premium spirit helps to establish a clear and correct brand image to identify more attention and publicity. Only premium products to narrow the scope of the customer base, its sales volume will be reduced. If Alba to expand the business, will limit the steps.Premium products must have a clear marketing. For Alba to produce premium spirits, the headquarters should consider some of the necessary promotional strategies for luxury goods. In the process of the American market promotion is usually in the busy place of sale, store high-end decoration, professional sales staff. Another marketing mix of the project, product, price, promotion and coordination between the site should also be considered through Alba.Alba operational planning a certain customer base, a clear market segmentation will affect the way the promotion. Their products are for those of the middle class. As long as the middle class customers are more willing to travel the Chinese people are more willing to accept a different culture to enjoy premium whiskey. Of course, some successful businessmen and entrepreneurs are also very willing to buy. Alba specific customer base will affect market promotion.2b. Alba has a code of practice for the responsible marketing and promotion of its brands. Analyse ways in which this may influence its marketing activities.Alba marketing mix one day will certainly change. There may be a conflict between Alba and its partners. For example, a number of countries on the drinking age requirements, but Albas emphasis on their clients age should be in accordance with the provisions of corporate social responsibility. Taking into account partners to achieve more revenue, they may expand drinking age and overthrow the Alba rule.Albas spirit is harmful to human body, which leads to the conflict between Albas promotion goal and practice. But in order to increase sales to gain more benefits, Alba made a lot of promotion to allow more consumers to buy. According to the Alba brand marketing and promotion, in a number of published scientific and medical research must pay attention to abuse or inappropriate drinking can lead to health problems and social problems. This result in the propaganda purposes and acts of propaganda have conflict. A restricted consumer group affected his sales.Such as Alba follow its norms will affect the business development. Such as alcohol and health, pay attention to the people do not abuse and inappropriate drinking; sponsorship, does not allow legal purchase age in sponsorship, licensing, Alba commitment without licenses its brand in the purchase of childrens books, games, toys, sports equipment, toys etc. These will enhance the awareness of brand awareness, Alba next trend is to get more potential opportunities and attract more partners to cooperate.Q3. 3a Suggest and justify potential ways that may help Alba to achieve its values outlined in Appendix 1.One of the potential ways, that is, technical aspects of the update and improvement, to help achieve the value of AlbaTechnological innovation has an important impact on values, in the case, the company of a two hundred million pounds of distillation equipment invested, which is a technology update, the update to maintain a stable development of innovative products, which is its investment in technology to reach the effect.In addition, the company in terms of technology has achieved some innovative, Alba has the worlds fastest of bottled production line and a second can be installed 10 bottles of wine, and then paste the tag to complete the packaging, the efficiency is very high, these are the performance of technological innovation, innovation is to achieve the effect, because of the specific practices help Alba to achieve its value in the field of innovation.Allow employees to participate, to help achieve the value of AlbaActively promote the staffs participation, help to realize the value view, in the case, Alba developed an employee share participation mechanism, let the staff participation, through equity participation to the integration between the goal of their interests and enterprises together, the unity of the two can to maximize the enthusiasm of staff incentive, when enterprises achieve the goal, the interests of employees can be guaranteed, They are willing to go to work, Once employees are motivated, fully participate in the companys daily operation and expression their views, to work in a positive way. These are and the value of the company view is consistent, on the basis of the case, the company is in according to their value concept as a guide, management staff.3b. Alba is influenced by various external stakeholders, discuss how four external stakeholders have influenced Albas strategy and operations.Distributor: Refers to the local market to help second sales, distribution of products, if the distributor can be a good promotion of products, the sales of this product will rise, On the contrary, if the distributors ability and channel is limited, the companys sales performance will be relatively poor, As a distributor, can be very good sales, whether there are enough channels, affecting the sales of Alba products in the market.In the case, through the use of distributors, expand the market in Southeast Asia, They can fully control the market, the company relies on local distributors to help it sell, which also shows the impact of the Southeast Asian distributor on the company, Because the distributors are more familiar with the local culture, better understanding of the local market, and have a more comprehensive channel.Partner:In the case, the company and the luxury brand cooperation, can use each others resources, both resources integration together, and continuously optimized, both brands can be more potential consumers to understand, thus increasing the sales opportunities, the formation of a win-win situation.At the same time as a partner, you can share the cost of organizational planning, when the number of marketing activities, the two sides together, It can reduce the cost of a person.Consumers: Positive impact: Consumers if recognized Alba brand, it will set up the loyalty and the loyalty will enable customers on the price of the product decreased sensitivity. They dont have scruples about price level, such a situation of enterprise profit and sales have certain security.If consumers need to be better satisfied, they will be more to buy Alba products, and this demand may be through the innovation of enterprises to get further development.Negative effects:But if the public image of the Alba fall, reflected in its commitment to social responsibility less than before, which may lead to the public has no confidence in it, customers will reduce its purchases of Alba, eventually leading to reduction of the companys business.Charity organization:Albas company is of great significance to the charity. In the case, Alba every year to 15% of the profits donated to the jaguar Protection Agency, it to charities such financial support that it well bear the social responsibility, in turn, by virtue of charity, Alba can be better to establish a brand image, the establishment of the responsibility of the image, contribute to the promotion of its brand, and to help the company to better carry out business.