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Ice Fili Case Summary

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1. Which segments of the general external environment, if any, are relevant to the Russian ice-cream industry? Why
While assessing the general outside environment, I discovered every one of the six of the fragments to be applicable in the Ice-Fili case. The crumple of the previous Soviet Union greatly affected the ice-cream industry as the economy moved towards an open-market system. After the fall, Russia depended on exporting to fulfill customer's needs and acquiring goods from local producers became scarce. This brought about a lessening in local production, which altogether negatively influenced ice-cream businesses. After fall of the Soviet Union, companies had to endure the 1998 financial crisis, which reduced the worth of the Russian ruble. After the crisis, numerous companies in the frozen food industry wound up with no work. Many of these frozen food companies found new work within the ice-cream realm. Patents and trademarks became …show more content…

A newer company could copy a successful company’s business strategy, products, naming conventions, and even logo if they really wanted to. The lack of laws pertaining to patents and trademarks makes it a lot easier for a new company to enter the ice-cream industry. Consumers would not have any loyalty to one brand since they all are offering very similar products. Since many companies are using older technologies, a new firm wanting to enter the market could utilize the newer technologies to give them a competitive advantage. The lack of brand awareness could allow a new company to launch a successful marketing campaign. Consumers mainly purchased vanilla and chocolate flavors of ice cream. A marketing strategy could be advertising new and exciting flavors that customers would want to try. If a marketing campaign of this nature is successful, the company could establish themselves as a leader in Russia for ice cream

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