Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. IMD-5-0527
Subject category: Marketing
Published by: International Institute for Management Development (IMD)
Originally published in: 1998
Version: 24.06.2003
Length: 12 pages
Data source: Field research

Abstract

This is the first of a two-case series (IMD-5-0527 and IMD-5-0528). The series is about designing and implementing a market entry strategy and about ''breaking the rules'' (ie ignoring industry norms and orthodoxies). Daewoo is a Korean company seeking rapid international expansion. It is entering the UK car market with the aggressive goal of achieving 1% market share within three years. Daewoo had to define several key launch tactics including distribution, service, pricing and advertising strategy. Case (A) presents the situation and requires a student to develop a market entry strategy. Case (B) describes Daewoo''s strategy: defining the offering as car ownership instead of as car performance. It also describes how Daewoo set up its own retail outlets and promoted the offer with a limited budget. Daewoo achieved a 0.92% market share within 12 months and became a competitive threat to the established dealer network. Case (B) also presents the next dilemma for Daewoo: How, in September 1997, to launch the next round of cars during a time when its success is slipping and customers want more focus on car performance.
Location:
Other setting(s):
1994-1995

About

Abstract

This is the first of a two-case series (IMD-5-0527 and IMD-5-0528). The series is about designing and implementing a market entry strategy and about ''breaking the rules'' (ie ignoring industry norms and orthodoxies). Daewoo is a Korean company seeking rapid international expansion. It is entering the UK car market with the aggressive goal of achieving 1% market share within three years. Daewoo had to define several key launch tactics including distribution, service, pricing and advertising strategy. Case (A) presents the situation and requires a student to develop a market entry strategy. Case (B) describes Daewoo''s strategy: defining the offering as car ownership instead of as car performance. It also describes how Daewoo set up its own retail outlets and promoted the offer with a limited budget. Daewoo achieved a 0.92% market share within 12 months and became a competitive threat to the established dealer network. Case (B) also presents the next dilemma for Daewoo: How, in September 1997, to launch the next round of cars during a time when its success is slipping and customers want more focus on car performance.

Settings

Location:
Other setting(s):
1994-1995

Related