please use all the content that is mentioned in assessment brief

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Answered 25 days AfterSep 01, 2023

Answer To: please use all the content that is mentioned in assessment brief

Shubham answered on Sep 05 2023
37 Votes
ENT103 ENTREPRENEURIAL MARKETING
ENT103 ENTREPRENEURIAL MARKETING
BACKGROUND ANALYSIS
OCHRE SUN possesses strengths such as high-quality sunscreen products and a reputable brand image, which can be leveraged as competitive adva
ntages in international markets.
Despite its strengths, OCHRE SUN faces the challenge of limited international experience, potentially hindering its ability to navigate foreign markets effectively.
OCHRE SUN can capitalize on the growing global demand for sun protection products, driven by increased awareness of skin protection and health trends.
The international sunscreen industry is subject to varying regulations, which may pose threats to OCHRE SUN's expansion plans, necessitating careful compliance efforts.
OCHRE SUN's strengths lie in its premium sunscreen products and strong brand reputation, offering competitive advantages in global markets. However, limited international experience may impede effective market navigation. Capitalizing on rising global sun protection demand is vital, though navigating diverse industry regulations poses potential threats, necessitating diligent compliance efforts.
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MARKET SELECTION
OCHRE SUN must decide whether to focus on one market, like benefiting from deep market understanding and strong relationships but exposing itself to economic and regulatory risks, or diversify across multiple markets, mitigating risks but requiring more resources and coordination.
The selection of the best trade areas should consider market size, growth potential, regulatory landscape, cultural alignment, and competitive factors in India.
OCHRE SUN should identify specific consumer segments within the country is based on demographics, lifestyle, and behaviors.
Prioritizing segments based on market size, growth potential, competition and resource suitability will guide OCHRE SUN's focus on the most promising opportunities.
OCHRE SUN faces a strategic choice: to concentrate on one market for deep understanding but increased risks or diversify for risk mitigation but greater resource demands. Selecting trade areas in India should account for market size, growth, regulations, culture, and competition. Identifying target consumer segments based on demographics and behavior, then prioritizing them by opportunity and...
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