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Glocalization
Think Global…Act Local!
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
What is Glocalization?
 Globalization - A process by which the people of the world are unified into a
single society. This process is a combination of economic, technological,
sociocultural and political forces
 Localization – is the process of adapting a product or service to a particular
language, culture, and desired local "look-and-feel."
 Glocalization – Is a fusion of globalization and localization.
By definition, the term “glocal” refers to the individual, group,
division, unit, organization, and community which is willing and
is able to “think globally and act locally.”
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Back to Square One – the Intent!
 Building block of vision
/ growth
 Customer Oriented
 Messaging / Marketing
/ Sales
 Guiding Principle
 Anchor / Driving Force!
Intent
Why does the
company
exist?
Product 1
Service 1
Service 2
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
 What is the intent of your product / service?
 Preserve and grow customer wealth
 Provide robust and economical infrastructure
 Provide unforgettable dining experience
 Getting people on their feet
 Low cost options environment conservation
Back to Square One – the Intent!
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Need for Glocalization
 Spread economic risk
 Currency exchange
rates
 Taxation Benefits
 24 x 7 operations
 Preservation and
Growth
 Expand customer base
 Reduce operational
costs
 Restrictive regulations
 Competition pressures
 Access to quality
resources
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Glocalization Cycle
Country
Mode of
Operation
Tri-Merge
Analysis
Localize
Beta &
Launch
Product / Service
Intent
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Identify Products & Services
 Value add of product / service
 Customer / business profile
 Competitive landscape
 Market size and growth
 Auxiliary markets
 Expected sales goals
 Regulatory requirements
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Identify Country
 Taxation / Tariffs
 Currency exchange rate
 Ease of operation
 Micro / Macro Economies (Local / Regional /
National) trends
 Resource availability
 Bureaucracy and political interference /
Stability
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Identify Mode of Operation
 Capital Investment
 Outsourcing
 Partnerships (MoU)
 Exporting products & services
 Distribution and servicing
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Tri-Merged Analysis
Glocalization Matrix
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Product   Country    
Mode of 
Operatio
ns  
Valves India USA / Canada EU Mexico Mfg Dist
Value Add
Accuracy, Lower TOC, 
Quality
Accuracy, Lower TOC, 
Quality
Accuracy, Lower 
TOC, Quality, Lower 
Price
Accuracy, Lower 
TOC, Quality, 
Lower Price
Accuracy, Lower 
TOC, Quality    
Customer 
Profile
Multiple Verticals, 
Small Medium and 
Large Businesses, etc
Pulp & Paper, Small 
and medium 
businesses
Oil, Pulp & Paper, 
Agri, Medium and 
Large Businesses
Pulp & Paper, 
Medium and 
Large businesses
Pulp & Paper, Small 
and medium 
businesses    
Competitive 
Landscape
Large established and 
small manufacturers
Small and medium size 
manufactures, mostly 
distribution
Medium, large 
manufacturers, 
strong distribution 
and servicing and 
innovation
Small and 
medium size 
manufactures, 
mostly 
distribution and 
innovation
Small and medium 
size manufactures, 
mostly distribution    
Market Size Established market Small Large Large Medium    
Growth 
Trend Rapid, slow, stable
Rapidly growing cause 
of booming economy
Established market 
but slow growth
Established 
market but 
medium growth Growing market    
Currency 
Exchange 
Rate
Difference in 
currencies   high high low    
Auxiliary 
Markets
Entry into other 
upcoming industries 
like oil, paint, etc Paint, Agriculture None None Agriculture    
Results from Tri-Merge Analysis
 Prioritized list of products
/services, countries and markets
 High level investment profile
 Opportunity size and cost
 Risk profile and fluctuations
 Vision attainment
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Localizing Products & Services
 Categories
 Marketing
 Sales
 Features and Functions
 Support and Servicing
 Operations
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Localizing Products & Services
 Marketing
 Understand demographic uniqueness
 Create emotional attachment by
connecting with local issues
 Don’t just translate…relate!
 Use social media effectively
 Offer choices (but not in a confusing way)
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Localizing Products & Services
 Vertical Localization
 Weights and Measures
 Language Translation
 Time zones
 Currency
 Data formatting
 Reporting
 Social Context
 Privacy laws
 Pricing (including
Taxation)
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Unlocalized Products & Services
 Risks of unlocalization
 Regulatory issues
 Cultural issues
 Brand issues
 Functional issues
 Product and service failure
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Glocalization Beta
 Gather competitive intelligence
 Short list prospects
 Form special interest group
 Show case product / service (Prototypes)
 Solicit glocalization feedback
 Create glocal user profile
 Chart workflow, pain points and non value add activities
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Launch Glocal Product & Service
 Preparations
 Launch Scope
 Timing
 Audience (Prospects)
 Announcements
 Sales Approach and
Collateral
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Glocalization Cycle
Country
Mode of
Operation
Tri-Merge
Analysis
Localize
Beta &
Launch
Product / Service
Intent
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Yukta Services
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Yukta Services
All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
Contact Information: 830-883-1433
Email: info@yukta.co.in
Site: yukta.co.in
Good Reads:
http://www.acclaro.com/newsletter/save-money-software-localization
http://www.infoentrepreneurs.org/en/guides/assess-your-options-for-growth/
http://www.startupoverseas.co.uk/expanding-a-business-in-canada/preparing-to-
expand.html

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Glocalization: Framework for expanding your business internationally

  • 1. Glocalization Think Global…Act Local! All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 2. What is Glocalization?  Globalization - A process by which the people of the world are unified into a single society. This process is a combination of economic, technological, sociocultural and political forces  Localization – is the process of adapting a product or service to a particular language, culture, and desired local "look-and-feel."  Glocalization – Is a fusion of globalization and localization. By definition, the term “glocal” refers to the individual, group, division, unit, organization, and community which is willing and is able to “think globally and act locally.” All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 3. Back to Square One – the Intent!  Building block of vision / growth  Customer Oriented  Messaging / Marketing / Sales  Guiding Principle  Anchor / Driving Force! Intent Why does the company exist? Product 1 Service 1 Service 2 All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 4.  What is the intent of your product / service?  Preserve and grow customer wealth  Provide robust and economical infrastructure  Provide unforgettable dining experience  Getting people on their feet  Low cost options environment conservation Back to Square One – the Intent! All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 5. Need for Glocalization  Spread economic risk  Currency exchange rates  Taxation Benefits  24 x 7 operations  Preservation and Growth  Expand customer base  Reduce operational costs  Restrictive regulations  Competition pressures  Access to quality resources All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 6. Glocalization Cycle Country Mode of Operation Tri-Merge Analysis Localize Beta & Launch Product / Service Intent All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 7. Identify Products & Services  Value add of product / service  Customer / business profile  Competitive landscape  Market size and growth  Auxiliary markets  Expected sales goals  Regulatory requirements All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 8. Identify Country  Taxation / Tariffs  Currency exchange rate  Ease of operation  Micro / Macro Economies (Local / Regional / National) trends  Resource availability  Bureaucracy and political interference / Stability All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 9. Identify Mode of Operation  Capital Investment  Outsourcing  Partnerships (MoU)  Exporting products & services  Distribution and servicing All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 10. Tri-Merged Analysis Glocalization Matrix All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved. Product   Country     Mode of  Operatio ns   Valves India USA / Canada EU Mexico Mfg Dist Value Add Accuracy, Lower TOC,  Quality Accuracy, Lower TOC,  Quality Accuracy, Lower  TOC, Quality, Lower  Price Accuracy, Lower  TOC, Quality,  Lower Price Accuracy, Lower  TOC, Quality     Customer  Profile Multiple Verticals,  Small Medium and  Large Businesses, etc Pulp & Paper, Small  and medium  businesses Oil, Pulp & Paper,  Agri, Medium and  Large Businesses Pulp & Paper,  Medium and  Large businesses Pulp & Paper, Small  and medium  businesses     Competitive  Landscape Large established and  small manufacturers Small and medium size  manufactures, mostly  distribution Medium, large  manufacturers,  strong distribution  and servicing and  innovation Small and  medium size  manufactures,  mostly  distribution and  innovation Small and medium  size manufactures,  mostly distribution     Market Size Established market Small Large Large Medium     Growth  Trend Rapid, slow, stable Rapidly growing cause  of booming economy Established market  but slow growth Established  market but  medium growth Growing market     Currency  Exchange  Rate Difference in  currencies   high high low     Auxiliary  Markets Entry into other  upcoming industries  like oil, paint, etc Paint, Agriculture None None Agriculture    
  • 11. Results from Tri-Merge Analysis  Prioritized list of products /services, countries and markets  High level investment profile  Opportunity size and cost  Risk profile and fluctuations  Vision attainment All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 12. Localizing Products & Services  Categories  Marketing  Sales  Features and Functions  Support and Servicing  Operations All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 13. Localizing Products & Services  Marketing  Understand demographic uniqueness  Create emotional attachment by connecting with local issues  Don’t just translate…relate!  Use social media effectively  Offer choices (but not in a confusing way) All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 14. Localizing Products & Services  Vertical Localization  Weights and Measures  Language Translation  Time zones  Currency  Data formatting  Reporting  Social Context  Privacy laws  Pricing (including Taxation) All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 15. Unlocalized Products & Services  Risks of unlocalization  Regulatory issues  Cultural issues  Brand issues  Functional issues  Product and service failure All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 16. Glocalization Beta  Gather competitive intelligence  Short list prospects  Form special interest group  Show case product / service (Prototypes)  Solicit glocalization feedback  Create glocal user profile  Chart workflow, pain points and non value add activities All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 17. Launch Glocal Product & Service  Preparations  Launch Scope  Timing  Audience (Prospects)  Announcements  Sales Approach and Collateral All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 18. Glocalization Cycle Country Mode of Operation Tri-Merge Analysis Localize Beta & Launch Product / Service Intent All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 19. Yukta Services All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved.
  • 20. Yukta Services All content appearing in this presentation is the property of Yukta Copyright © 2013. All rights reserved. Contact Information: 830-883-1433 Email: info@yukta.co.in Site: yukta.co.in Good Reads: http://www.acclaro.com/newsletter/save-money-software-localization http://www.infoentrepreneurs.org/en/guides/assess-your-options-for-growth/ http://www.startupoverseas.co.uk/expanding-a-business-in-canada/preparing-to- expand.html