International Market Selection Model Using Newly Developed Geometric International Market Selection Space

Mazlan Hussein (), Azman Hassan (), W.N.w Azman-Saini, Raja Nerina Raja Yusof () and Khairil Wahidin Awang ()
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Mazlan Hussein: Faculty of Economics and Management Universiti Putra Malaysia
Azman Hassan: Faculty of Economics and Management Universiti Putra Malaysia
Raja Nerina Raja Yusof: Faculty of Economics and Management Universiti Putra Malaysia
Khairil Wahidin Awang: Faculty of Hospitality, Tourism and Wellness Universiti Malaysia Kelantan

Jurnal Ekonomi Malaysia, 2019, vol. 53, issue 2, 245-268

Abstract: International Market Selection (IMS) is literally a process in identifying and selecting feasible international market opportunities for exporting. It is a methodological process whereby suitable variables are vetted through a model in order to produce output in the form of processed information that would help export marketers in decision-making. The new IMS model, introduced as Geometric International Market Selection Space (GIMSS), rooted from the Trade Intensity Index (TI) Index and Geometric Trade Intensity Space Box (GTISB) is proposed as a complimentary tool to be used by international marketers. The constructed GIMSS model utilises both trade elements (exports and imports) with no filtering and weighting processes, employs changes within changes measurement, embeds quality perspective measurement as alternative game changer in identifying International Export Opportunities (IEO), and able to do future projection of IEO. In addition, even though this GIMSS model does not have weighting scheme, it can still perform trade-off process between volume and quality elements. The GIMSS is capable of identifying and categorising the host country market potential into low, intermediate or high market potential at product level. With that policy maker would be able to employ this information conjointly with competitive index of exporting country and make assessment in the perspective of cross checking between host country market potential levels with exporting country competitive advantage status.

Keywords: international market selection; market potential; quality; trade elements; trade-off; volume (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:53:y:2019:i:2:p:245-268

DOI: 10.17576/JEM-2019-5302-19

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