INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
Vol. 2 No. 4 (2024): April

NEW MARKET PENETRATION STRATEGY: EXPANDING BEAUTY PRODUCTS TO GLOBAL MARKETS

Andri Riyadi (Sekolah Tinggi Ilmu Ekonomi (STIE) Sampit, Indonesia)
Luckhy Natalia Anastasye Lotte (Universitas Papua, Indonesia)
Ryan Wajdy Hamas (Institut Teknologi Sepuluh Nopember, Indonesia)



Article Info

Publish Date
30 Mar 2024

Abstract

The research aims to analyze new market penetration strategies in the expansion of beauty products to global markets. The method used is literary research involving a review of publications, articles, and books relevant to this topic. The findings of this study suggest that in order to successfully enter the global market, companies need to understand the needs and preferences of consumers in the target market, make product adjustments, formulations, and marketing strategies, invest in extensive distribution networks, and provide good customer support. The research also identifies some of the challenges that might emerge in expansion into global markets, such as cultural differences, regulations, and tighter competition.

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Journal Info

Abbrev

ijle

Publisher

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, ...