This module will help Israeli business people understand and develop alternative marketing strategies for U.S. markets. We will focus on organic growth, when companies grow through existing or new products or services in existing or new markets. Discussions will cover securing new markets through expanding geographically and targeting new segments (or customers). Learning is facilitated through a combination of readings, case discussions, and an assignment.
Text, Articles, and Cases*
- Strategic Marketing Management, by David Aaket, 6th Edition, 2001, John Wiley and Sons, New York.
- “What High Tech Managers Need to Know About Brands,” Harvard Business Review, July August 1999.
- Biopure, Harvard Business School Case 9-598-150.
- Sample6: Partnering to Make Food Safer, Harvard Business School Case 9-814-014
*I hope you can read items 3 and 4 before my Monday-Tuesday session and briefly write your thoughts on each of the questions on the case (see below). This is important for the group discussion. Items 3, 4, and 5 can be ordered from www.hbsp.com (Harvard Business School Publishing).
While it is preferable that other items are read before the two-day session, it is not necessary. However I recommend these items (particularly item 2) be read after you return to Israel. You may be able to find Item 2 (a paperback) in Israel at a lower price. Alternatively it can be ordered from www.amazon.com although they may take some time to ship your order. Our discussion will focus on how the concepts in the book are being used, have been used, and can be used in specific company settings.
Monday, May 15
8.00 – 12.00 Introduction, Alternative Growth Strategies, Honda Motor Car Company
12.00 – 1.00 Lunch
1.00 – 2.30 Biopure
- How do you assess Biopure’s potential in the human market? The animal market?
- What are the biggest obstacles to Biopure’s success in the human market? The animal market?
- How might Oxyglobin be a threat to Hemopure? How might it be an asset to Hemopure?
- What should Biopure do regarding the commercial release of Oxyglobin? If they release, what price should they set? How should it be distributed?
2.45 – 5.00 Sample 6: Partnering to Make Food Safer
- Which of myriad customers and value propositions should Tim Curran focus on?
- Should he focus on food category, e.g., fresh produce, seafood, dairy?
- Which product benefits should he focus on?
- Should FDA/USDA be part of the conversation?
- How best to work with them?
Tuesday, May 16 08:00-12:00
8.00 – 12.00 Customization of Marketing Strategies and Group Discussion
8:00 – 8:15 We will make a list of Israeli products or services for export. The participants will be divided into groups. Each group will select a product or service offered by a group member firm for export.
8:15 – 10.00 Dr. Currim will lead a brainstorming session on key questions and methodology for development of export plan
10.00 – 11.00 Group Develops Marketing Strategy for Israeli Exports to the U.S.
Each group will come up with:
(a) Key questions to be answered in order to judge the export potential of the product or service, to be summarized on 1-2 transparencies, and
(b) An outline of a process or methodology for answering the key questions, to be summarized on 1-2 transparencies.
11:15 – 12:00 Group Presentations and Discussion
Each group will present the output of the 9.45-10.45 session, followed by a discussion on how the questions and methodology can be enhanced (15-20 minutes per group).