Kyrö exported its products to overseas markets, including Japan, where its results had so far been modest, but it planned to expand and grow its businesses in Japan. As an underdog in an industry dominated by major global players, Kyrö had to work to increase its market share. It relied on its authentic brand image, original products, and brand ambassadors. In September 2022, as one of Kyrö’s co-founders travelled to Japan to meet with the company’s main Japanese distributor, he wondered, How could the company gain growth in a market that was highly competitive and dominated by well-established local companies?
Kyrö Distillery Company: Brutally Finnish in Japan
Miikka J. Lehtonen, Arto Lindblom, Gene Thompson
Product #:W34817
Supplier:Ivey
Discipline:International Business, Marketing
Setting:Finland, Japan, 2023
Industries:
Your Price:$9.71
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Learning Objectives
- Evaluate market opportunities for business growth.
- Explain how smaller companies can compare alternative strategies for business growth in a highly competitive market environment.
- Outline the steps taken to make and justify a strategic go/no-go decision.
- Describe ways in which smaller companies can position themselves vis-à-vis major players in a highly competitive industry.