ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH

Choosing the appropriate markets for growth and development is essential for a company that wishes expanding businesses through international economic exchanges. But in this business case foreign markets research is not sufficient even though is an important chapter in the decision technology an...

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Main Authors: LIVIU NEAMŢU, ADINA CLAUDIA NEAMŢU
Format: Article
Language:English
Published: Academica Brâncuşi 2013-12-01
Series:Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Subjects:
Online Access:http://www.utgjiu.ro/revista/ec/pdf/2013-06/20_Neamtu%20L,%20Neamtu%20A.pdf
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author LIVIU NEAMŢU
ADINA CLAUDIA NEAMŢU
author_facet LIVIU NEAMŢU
ADINA CLAUDIA NEAMŢU
author_sort LIVIU NEAMŢU
collection DOAJ
description Choosing the appropriate markets for growth and development is essential for a company that wishes expanding businesses through international economic exchanges. But in this business case foreign markets research is not sufficient even though is an important chapter in the decision technology and an indispensable condition for achieving firm’s objectives. If in marketing on the national market this market is defined requiring no more than its prospection and segmentation, in the case of the international market outside the research process there is a need of a selection of markets and their classification. Companies that have this intention know little or nothing about the conditions offered by a new market or another. Therefore, they must go, step by step, through a complex analysis process, multilevel- type, composed of selection and ranking of markets followed by the proper research through exploration and segmentation, which can lead to choosing the most profitable markets. In this regard, within this study, we propose a multi-criteria model for selection and ranking of international development markets, allowing companies access to those markets which are in compliance with the company's development strategy.
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spelling doaj.art-2946dc80aca443c7a6e721ac84aee09a2022-12-22T02:51:52ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70071844-70072013-12-0166125130ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACHLIVIU NEAMŢU 0ADINA CLAUDIA NEAMŢU 1CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU "CONSTANTIN BRANCUSI" UNIVERSITY FROM TARGU-JIUChoosing the appropriate markets for growth and development is essential for a company that wishes expanding businesses through international economic exchanges. But in this business case foreign markets research is not sufficient even though is an important chapter in the decision technology and an indispensable condition for achieving firm’s objectives. If in marketing on the national market this market is defined requiring no more than its prospection and segmentation, in the case of the international market outside the research process there is a need of a selection of markets and their classification. Companies that have this intention know little or nothing about the conditions offered by a new market or another. Therefore, they must go, step by step, through a complex analysis process, multilevel- type, composed of selection and ranking of markets followed by the proper research through exploration and segmentation, which can lead to choosing the most profitable markets. In this regard, within this study, we propose a multi-criteria model for selection and ranking of international development markets, allowing companies access to those markets which are in compliance with the company's development strategy.http://www.utgjiu.ro/revista/ec/pdf/2013-06/20_Neamtu%20L,%20Neamtu%20A.pdf internationalmarketanalysisselectionranking
spellingShingle LIVIU NEAMŢU
ADINA CLAUDIA NEAMŢU
ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
international
market
analysis
selection
ranking
title ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
title_full ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
title_fullStr ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
title_full_unstemmed ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
title_short ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS. A COMPREHENSIVE APPROACH
title_sort analysis selection and ranking of foreign markets a comprehensive approach
topic international
market
analysis
selection
ranking
url http://www.utgjiu.ro/revista/ec/pdf/2013-06/20_Neamtu%20L,%20Neamtu%20A.pdf
work_keys_str_mv AT liviuneamtu analysisselectionandrankingofforeignmarketsacomprehensiveapproach
AT adinaclaudianeamtu analysisselectionandrankingofforeignmarketsacomprehensiveapproach