Examlex
Selman & Saks, a maker of men's and women's razors and electric hair trimmers, had little reason to become involved in the global arena. But after acquiring Wellman Enterprises, whose largest division engages in a licensing agreement with a German firm to produce women's hosiery, managers at Selman & Saks wondered just whether a company-wide global focus would be more profitable after all.
Managers at Selman & Saks studied Wellman's licensing agreement in great detail. Though seeing first-hand the benefits Wellman found with the licensing agreement, managers decided that Selman & Saks would target the French market merely via exporting.
With the assistance of a domestic export department, the Selman & Saks razors and hair trimmers entered France. For six months, sales were mediocre. But after that, sales suffered. Opinions varied among numerous managers as to the cause of the failure. "Who knows the local market better than people who live there?" was a comment heard throughout Selman & Saks. "Maybe we needed an alliance with a French firm, or a licensing agreement, before racing to get there."
-How might Selman & Saks use brand positioning?
Q2: Each year banks with assets over $10
Q15: User status segmentation involves finding the major
Q18: The Fed's support of the Depository Institutions
Q38: The economy recovers quickly from most recessions,but
Q39: When Pacific Fisheries groups its customers as
Q56: If Wealth TV decides to segment its
Q93: A _ is defined as anything that
Q97: "Bureaucratic gambling" refers to<br>A)the strategy of thrift
Q120: Brand managers often describe their brands using
Q185: Suppose that from a new checkable deposit,First