Marketing in the International Environment (in English)

Teachers

Included in study programs

Teaching results

Students will possess following abilities:
- Understanding of the key role that international marketing plays in creating a competitive advantage for companies on the international level.
- Identify key economic, political, legal, socio-demographic and technological factors that influence the rapidly changing macroeconomic environment of companies, which must respond promptly and optimally to these changes.
- Understand the significant influence of the cultural environment and other so-called soft factors for shaping of an international marketing strategy.
- Understand flexibility of the HR policy and a corporate structure needed to apply a successful global strategy and identify the importance of HR management at various levels of an internationally operating company (growing importance of attributes in the microenvironment of businesses).
Students will obtain following skills:
- Gain insight into current global marketing challenges and specific challenges faced by marketing managers in a dynamic global environment.
- Gain relevant knowledge of the global macroenvironment in its economic, cultural, social, political, legal and technological dimensions as well as knowledge of how to use changes in the macro environment to make the right marketing decisions.
- Discuss the growing importance of individual elements of the marketing mix and their connection with new technologies in the field of the product, distribution and especially communication policy: Internet-related technologies and online social networks, their role in the global market and challenges of these phenomena.
- Familiarity with key global social issues of the macroenvironment and microenvironment, including environmental issues, ethics and the Corporate Social Responsibility, identification and ability to respond to technological change, to transform the knowledge into relevant decisions on changes in individual phases of an international marketing strategy.
Students will gain following competences:
- In the framework of the macroenvironment, perform analyses related to current internationally recognised studies as well as databases, and optimally respond to their impact in the process of creating and implementing international marketing strategies.
- Develop strategic thinking in terms of current complex issues and challenges in the context of learning how to develop leadership skills needed to address uncertainties and changes faced by today's global marketers.
- Develop understanding of analysing intercultural aspects, effects of sustainable development, application of ethical and moral principles in the management of businesses and an optimal response to their impact in the process of creation and application of an international marketing strategy.
- Present, clearly communicate, argue and critically evaluate acquired knowledge in terms of an optimal and creative application of an international marketing strategy.

Indicative content

Importance of international marketing in increasing competitiveness of companies operating on international markets. Complex characteristics of the international environment, analyses and relevant identification of key macro and micro factors of international markets, followed by an assessment of their implications for optimisation-oriented changes in international marketing strategies of companies in terms of marketing programmes (marketing mix) in the dynamic global environment. Detailed focus on how to create an international marketing strategy, or key elements of the marketing mix also with respect to sustainable development - Corporate Social Responsibility, the impact of intercultural aspects, technological changes and other factors of the current international macroenvironment and microenvironment of businesses.

Support literature

1. CATEORA, Philip. International Marketing. New York: McGraw-Hill Education, 2023. 736 p. ISBN 9781266151637.
2. CZINKOTA Michael, R. International Marketing. Cengage Learning, 2022. 720 p. ISBN 9780357445129.
3. FERENČÍKOVÁ, Soňa et al. The value of reverse knowledge transfer: Case of Austrian Bank subsidiary in Slovakia. In: Journal of Eastern European and Central Asian Research, St. Louis, Missouri, Vol.10 No.5, pp. 764 – 772, 2023. ISSN 2328-8272, E-ISSN 2328-8280.
4. FERENČÍKOVÁ, Soňa. Reverse knowledge transfer from Central to Western Europe: Selected Case Studies In: Journal of Eastern European and Central Asian Research, St. Louis, Missouri, Vol.7 No.1, pp. 1-11, 2020. ISSN 2328-8272, E-ISSN 2328-8280.
5. Understanding Careers Around the Globe: FERENCIKOVA, Sonia, Ch. 22, pp. 203 – 213, Edward Elgar 2023. 250 p. ISBN 987-1-0353-0840-8.
6. WEF. The Global Risks Report. Online. Geneva: World Economic Forum, 2024. ISBN: 978-2-940631-64-3. Available at: https://www.weforum.org/publications/

Syllabus

1. Introduction into international marketing (IM), its definitions, role, fundamental concepts, forms and key theoretical approaches to internationalisation of business. 2. Variety of marketing concepts (E.P.R.G. concept) 3. Standardisation versus adaptation and selected IM strategies. 4. International marketing environment and its latest developments. 5. Microenvironment levels and methods of assessment. 6. Macroenvironment levels and methods of assessment. 7. Intercultural environment and methods of its assessment. 8. Sustainability-oriented marketing in terms of the Corporate Social Responsibility 9. Analysis identifying opportunities for application of a marketing strategy by companies on international markets: segmentation of international markets; SWOT analysis (strengths, weaknesses, opportunities and threats), marketing planning 10. Identification of the entry method for companies entering international markets and related forms of ownership 11. International marketing programme – international marketing mix - Product policy - Pricing policy 12. International marketing programme – international marketing mix - Communication policy - Distribution policy 13. HR policy – its role and specific features in companies operating internationally

Requirements to complete the course

10% - participation in seminars;
30% - semester coursework and its presentation;
60% - final exam

Student workload

Total: study load 8 credits x 26 h = 208 h
Attendance at lectures: 26 hours
Attendance at seminars: 52 hours
Individual preparation for seminars: 40 hours
Preparation of semester coursework: 40 hours
Preparation for the final exam: 50 hours

Language whose command is required to complete the course

Slovak language, English language, German language

Date of approval: 09.02.2023

Date of the latest change: 05.03.2024