1. Market entry strategies

Strategies for entering new product-markets

  • Highly uncertain environment, buyers' needs are not well defined
  • No established history of market behaviour
  • Segmentation limited because of the similarity of buyers' need
  • Competitive advantage usually comes through offering unique benefits rather than lower prices for equivalent benefits
  • Pioneers have distinct advantages over subsequent firms entering
  • Second firm in will obtain 60-70% of the share of the pioneer.
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