Market Entry Strategy Essay

Limited Brands, parent company to Bath and automobile trunk, currently employs an incorporated marketing plan for its distribution of the Bath and Body harvest-festival line (L Brand International Strategy 2014, Para 1). This strategy could be combined with the prospect of a joint venture for a flourishing expansion into the United Kingdom market. Integrated marketing steers drop be challenging to manage but they are the most powerful way to connect marketing and customer service, providing benefits for both company and consumer (Ellis, 2011).A achievementful integrated market entry strategy starts and ends with a sharpen on customers. The needs of the customer must be the top priority, because the success of the company depends on the loyalty of the customers it attracts (Ellis, 2011). Bath and Body is already a well-recognized brand in many different parts of the world, providing a kickoff point for market entry (L Brand International Brand, 2014, Para 2). It is as well as important for this strategy to be effective that all aspects of the company from manufacturing, distribution, and gross revenue are operating together. This step requires effective constant communication. Each channel to the customer has strengths and weaknesses, using the strengths of one to offset the weakness of another go forth assist the companys customer effectiveness while reducing overall costs (Ellis, 2011). Bath and Body has a well-established product range that provides products at many price points. This allows for the expansion to test different markets with smaller trials, then capitalize on the areas where customers purchasing. SWOT analysisThe method of amount a companies strengths, weaknesses, opportunities, and threats is SWOT analysis. This method assist companies in making decisions by providing decision makers a straightforward way to analysis both inherent and external information pertaining to company operations or potential expansions (SWOT Analysi s, 2014). Analysis of potential expansion to the United Kingdom by Bath and Body provides potential strengths of recognized brand imaging, reasonable price points compared to current options, customer loyalty, and providing of job opportunities in a recovering market. Weaknesses hold competitive market, discussion section stores carrying similar products, and the lack of a green product line. Market opportunities include the availability of e-commerce, social media, and understanding of the market. Threats include outside competition, lower priced products in market, and a recovering economy.ReferencesEllis, D. (2011, September 7). 5 components of a successful integrated marketing strategy. Social Media Today. Retrieved on February 28, 2014, from http//socialmediatoday.com/debraellis/352405/5-components-successful-integrated-marketing-strategy L Brands. (2014). International Strategy. Retrieved on February 28, 2014 from http//www.lb.com/ foreign/strategy/default.aspx SWOT Anal ysis. (2014). Investopedia. Retrieved on February 28, 2014, from http//www.investopedia.com/terms/s/swot.asp