Victoria Secrets

MAIN ITEMS TO BE coer IN THE GROUP PROJECT 1. Overview of chosen guild/product and its municipal foodstuff placeing outline (in the country in which it is currently based). Victorias Secret is an American retailer of womens wear, lingerie and beauty products. 2 It is the largest segment of publicly-traded Limited Brands with sales of over US$5 billion and an operating income of $1 billion in 2006. 2 Victorias Secret is known for its annual fashion show, the Victorias Secret Fashion Show, and for its catalogs, twain of which feature top fashion models. . In-depth Environmental Analysis of key distant country-market(s) world considered for expansion. This would include Cultural, Political, Economic, Legal and Technological aspects of the environment (all aspects of the macro and little environment that are relevant to the particular company/product and country-market being looked at lack to be covered). Environmental Analysis must be supported by country-specific research, a nd sources must be cited supporting key perspectives on the country. Key similarities and differences between the particular conflicting market and the home market must in addition be identified and discussed 3. Competitive Analysis 4. elevate analysis companys own strengths and weaknesses in the context of the environmental analysis and market audit. 5. Evaluation of companies Objectives (both short and long-term) for the specific products and country-markets being considered (in the escape of the environmental analysis) and recommendations. 6.Assessment of the country-market opportunity being considered, and possible market-entry strategies appropriate to the market, including recommendations on close to suitable market-entry strategies in the context of the preceding analysis (Note In situations where the company has already decided on a country-market to assent into, you would evaluate and inspection the company decision, and provide your view on whether you agree with t he particular country-market superior or not). 7. trade Mix Recommendations for the chosen country-market and rationale for the recommendations.Particular reference should also be made to Standardisation and Adaptation (ie. The marketing mingle elements that result be 2 carried over from the home market to the foreign market and therefore standardised, and the marketing mix elements that will be customized to suit the needs of the foreign market should be analysed and highlighted) . The marketing mix recommendations should include a. position markets and consumer profile b. International Product/Services strategy c. International Marketing Communications strategy d. International Distribution & Channel Management strategy e. International Pricing strategy f.Any other relevant marketing mix elements that you recommend be used a part of the strategy to enter the foreign market Please note that your recommendations will need to logically flow from your Environmental analysis (inc luding the comparison of the home market and the foreign market), SWOT analysis, evaluation of company objectives, and choice of market and entry-strategies. They also need to provide a rationale for how implementing your recommendations will lead to the company achieving the objectives you take hold defined. Marks Allocation for situations above Item 1 10% Item 2 20% Item 3 6% Item 4 10% Item 5 4% Item 6 10% Item 7 40%