Action planning August 2014 Action planning So now you some things about the EU market, you know how to do market reseach, you know there are legislative and non-legislative requirements…. Now what? 2 Centre for the Promotion of Imports from developing countries The Export Marketing Plan The Export Marketing Plan (EMP) helps management to: Take decisions To structure export efforts To monitor / measure progress and results 3 Centre for the Promotion of Imports from developing countries The Export Marketing Plan You can not do this alone! You need a team to develop the plan Including (for example) a technical manager, HR manager, Business manager, Marketing manager You need to invest time in research and analysis 4 Centre for the Promotion of Imports from developing countries The export marketing plan builder A. Business audit Integration ECP audit into EMP audit INTERNAL ANALYSIS (SW-) Outcome/results • Performance in current markets • Core competencies / Unique selling points • Action points ECP + EMP on organisational development B. EU Target market(s) Selection & in-depth analysis countries (max 3) and pmc’s EXTERNAL ANALYSIS (-OT) Outcome/results Market attractiveness Market & buyer requirements Critical Success Factors ( competative power) C. SWOT Export which products To which markets (countries & market segments) With which sales proposition (USPs) D. Project plan MES (market entry strategy) including marketing mix ECP action plan & EMP action plan 5 Centre for the Promotion of Imports from developing countries Action planning Perform a SWOT analysis to identify what you should work on • • Decide (for the moment) on your product market combinations (PMCs) Product, country, type of buyer Identify market access requirements (legislation and non-legislation) and trends Assess: 1. what requirements/trends are opportunities for your company/product? 2. what requirements/trends are threats for your company/product? 3. what strong points and weak points in your company/product are responsible for this? Put these O&T and S&W in a matrix 6 Centre for the Promotion of Imports from developing countries Action Planning If you have already been audited by CBI: use the feedback from the export audit in your SWOT analysis and in your EMP! Companies that are selected for participation in the ECP programme will receive further support / suggestions / feedback in writing the Export Marketing Plan If you want to apply for the ECP: tell Mr. Imtiaz 7 Centre for the Promotion of Imports from developing countries Action planning External Opportuniti es Internal A. …. Threats B. …. A. ….. B. ….. x x Strong points 1. …. x 2. …. 3. …. x x Weak points 1. …. 2. …. 8 x Centre for the Promotion of Imports from developing countries Action planning What actions are needed to benefit from the opportunities and cope with the threats? External Internal Opportuniti es A. …. Threats B. …. A. ….. B. ….. x c x d Strong points 1. …. x a action x b action 2. …. 3. …. Weak points 9 …. 1. action action Centre for the Promotion of Imports from developing countries | August 2013 Assignment External analysis Identify max 5 opportunities and max 5 threats for your company & product resulting from market access requirements Internal analysis Assess what strong points and weak points are responsible for these opportunities and threats? E.g.: men (capacity, commitment) , machinery, means (access to capital, materials), skills, knowledge, methods (e.g. management systems, procedures) Actions Identify at least 1 internal action / objective for each combination (SW/OT): what can you do to change the situation in your favour? 10 Centre for the Promotion of Imports from developing countries 11 Centre for the Promotion of Imports from developing countries