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A Turbulent Business Environment As A Criteria Of Optimal Strategy To Enter International Markets

Author

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  • Ludmila Bahmane

    (RISEBA University, Riga)

Abstract

This work provides an analysis of marketing solutions and developments algorithm for Latvian enterprises entering into foreign markets based on an example of 185 studies made under the supervision of the author. The proposed algorithm is a part of the pedagogical activities in higher education institution of Latvia (RISEBA) over the last 10 years and it suggests the training of new marketing solutions development techniques in conditions of the turbulent business environment. The application of the proposed algorithm assumes the use of modern marketing technologies, including matrix methods, cluster, and screening analysis. The algorithm proposed is being analyzed on the example of Latvian enterprises. This work describes the use of the author’s proposed matrix of “consumer’s demand for creativity (novelty),” that is relevant in the development of creative marketing management solutions of such business spheres, where the novelty of products (services) is an important competitive advantage. The high versatility, simplicity and availability is proven for mastering and using the proposed algorithm.

Suggested Citation

  • Ludmila Bahmane, 2017. "A Turbulent Business Environment As A Criteria Of Optimal Strategy To Enter International Markets," CBU International Conference Proceedings, ISE Research Institute, vol. 5(0), pages 6-12, September.
    • Handle: RePEc:aad:iseicj:v:5:y:2017:i:0:p:6-12
    DOI: 10.12955/cbup.v5.893
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    More about this item

    Keywords

    marketing managementturbulent business environment; “consumer’s demand for creativity” matrix; cluster; matrix; screening analysis.;
    All these keywords.

    JEL classification:

    • A29 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Other
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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