SlideShare a Scribd company logo
1) Indian food preparation versus Western food preparation.
(2) Values and customs that might affect opinions about
microwave ovens.
(3) The effects of competition in the market.
Answer the questions and consider its affects in India’s
marketing
This article was written in year 2000, when the Internet saw a
massive growth from its
birth from year 1994. It is said that: International
communication network (W.W.W) is the
second greatest invention of mankind, after the first one is
language.
According to the articles, more and more businesses are
discovering the W.W.W as a
fundamental communication tool used to conduct daily business.
Larger and small companies
are embracing the web to communicate with current and
prospective customers in a same cost
and ease as in their countries. The internet Era is changing the
way people doing business. It
hasthe fastest growing and most innovative componentsthat
make them center to the paradigm
of marketing.
In some way, digital marketing is different with the traditional
networking as it shifts
from “one-way” to “two-way” information flows between
companies and consumers. Digital
is excellent way to broaden your network “one- to- many” and
create great opportunities to
establish relationship with customers in a mutual
communication. Never before has it been so
easy to access information on a worldwide basic and never
before so many people been
exposed to and used a single information sharing system.
Therefore, many firms have to
rethink their strategy and place more emphasis on digital world.
Reza Kiani also pointed out the many marketing opportunities
on the Web as a twoway Communication, in four logical
situations: Company-to-consumer, consumer-tocompany,
consumer-to-consumer, company-to-company.
(1) Company-to-consumer: According to Morgan (1996),
marketers can use interactive media
to provide higher services and lower cost by delivering up-dated
product and non-product
related information. Compare to traditional marketing
communication channel, digital
marketing is faster, less expensive, highly immediate
communication, round the clock and
global. It offers wider and deeper material and richer
advertisement content.
Assignment 1 3
Many articles pointed out the 3 basic advantages to business
using the Web as:
Addressability, Flexibility and accessibility. The strong
“Addressability” of the web is
the primary marketing resources for many firm to define target
market, with the “
Flexibility”, customer will shape the firms that serve them.
(2) Consumer-to-company: The consumer is now an active
participant, and a partner in the
production. Marketing today has learned that the probability of
purchase by a repeat buyer
is much greater than that by a randomly mailed house-hold who
has never been a customer.
As the product or service becomes customeised, the consumer
faces serious problems to
identify the product or service s/he desires. To deal with this
difficulty, Blattnerd (1994)
suggest that it will be necessary for the firm to develop
integrative information –processing
system to simplify the consumer’s decision process. The system
should allow the customer
to enter specific desired characteristic and trade-off and then
design the product. If the
product costs too much, the consumer can look at the related
options to reduce it.
(3) Consumers-to-consumers: Interactive media allows
marketers to establish a dialogue and
benefit from nay possibilities that media can provide. The
concept of interactivity can be
clarified better by the notion of the on-line communities
(4) Company-to-company: The rule of the game in the
interactive media is changed and it is
expected more co-operation will take place among companies in
the future.
Lastly, the author suggests that the new marketing models for
marketing in the new
environment should consider all opportunities which the
interactive media can provide for
marketers and be well-matched with the new marketing
paradigms.
Even though this article has written 17 years ago, but they are
correct in predicting the
marketing trends. Nowadays, digital marketing is an excellent
way to broaden network beyond
referral. Social media is a “must” for marketing in building
relationship with clients.
Consumers can interact more with Influencer Marketing, Mobile
Video, Livestreaming.
Chatbots... Thus, company should adopt a continuous
improvement strategy challenged by the
digital revolution and to changing consumer behavior.
Assignment 1 4
Reference
G. Reza Kiani (2010). Marketing opportunities in digital world.
Internet Research, Vol 8. Iss 22
pp.185-194. Retrieved from:
http://www.emeraldinsight.com/doi/abs/10.1108/106622498102
11656
The People’s Republic of China opened up to foreign
investments in the late 1970s. Since that
time, numerous companies have tried to establish operations and
sell their products to
customers in China. Many more companies will try in the years
to come—China is expected to
have some 190 million people in the middle- and upper-income
categories by 2020. This is an
increase from only about 17 million people in these income
brackets as recently as in 2010.
China’s purchasing power for virtually all products and services
has strong potential, and
foreign companies will seek these market opportunities. What
have we learned culturally that
can help Western-based companies in China’s marketplace?
Some background on China can serve as a starting point for
better understanding the culture in
China and what some well-known companies such as Best Buy
and eBay have done to target the
Chinese marketplace. The motivation for many foreign
companies to enter China—beyond those
that have been there for a few decades for reasons of low-cost
production—was the triple growth
of the Chinese economy that was seen from 2000 to 2010. China
overtook Japan to become the
second-largest economy in the world behind only the United
States, and its large population
makes for an enormous target market. Investment from foreign
companies was the largest
driver of China’s growth in the decade from 2000 to 2010.
However, many companies also
increased their exports to China. The United States, for
example, saw its companies increase
exports to China by 542 percent from 2000 to 2011 (from about
$16.2 billion to $103.9 billion),
while total exports to the rest of the world increased by only 80
percent in the same time period.
Interestingly, while foreign investments grew, domestic
consumption as a share of the Chinese
economy declined from 46 percent in 2000 to 33 percent in
2010. This consumption decline—
coupled with slower growth globally and, ultimately, the
worldwide economic downturn that
started in 2008—raised questions about China’s momentum.
Right now, around 85 percent of
mainstream Chinese consumers are living in the top 100
wealthiest cities. By the year 2020,
these advanced and developing cities will have relatively few
customers who are lower than the
middle- and upper-income brackets by Chinese standards. The
expectation is that these
consumers will be able to afford a range of products and
services, such as flat-screen televisions
and overseas travel, making the Chinese customer much more of
a target for a wide variety of
consumption. This begs the question, can the unprecedented
Chinese growth really continue,
and would it come from increased consumption?
The resounding answer is yes according to research conducted
by McKinsey & Company.
McKinsey found that barring another major economic shock
similar to what we saw in 2008,
China’s gross domestic product (GDP) will continue to grow,
albeit not at the historic levels seen
between 2000 and 2010 when it grew about 10.4 percent
annually. The growth from 2010 to
2020 is expected to be about 7.9 percent per year, which is still
far above the expected growth
for the United States (2.8 percent annually), Japan (1.2 percent
annually), and Germany (1.7
percent annually)—the three countries among the top four
worldwide economies along with
China. And, the key is that consumption will now be the driving
force behind the growth instead
of foreign investment. The consumption forecast opens up
opportunities for foreign companies
to engage with Chinese consumers who are expected to have
more purchasing power and
discretionary spending.
But culturally translating market success from one country or
even a large number of countries
to the Chinese marketplace is not necessarily as straightforward
as it may seem. Often, a
combination of naiveté, arrogance, and cultural
misunderstanding have led many well-known
companies to fail in China. Lack of an understanding of issues
such as local demands, buying
habits, consumption values, and Chinese customers' personal
beliefs led to struggles for
companies that had been very successful elsewhere in the world.
Let’s take a brief look at Best
Buy and eBay as two examples.
Best Buy, the mega-store mainly focused on consumer
electronics, was founded in 1966 as an
audio specialty store. Best Buy entered China in 2006 by
acquiring a majority interest in China’s
fourth-largest appliance retailer, Jiangsu Five Star Appliance,
for $180 million. But culture
shock hit Best Buy, best described by Shaun Rein, the founder
of China Market Research Group.
He pointed to a few reasons for this culture shock and lack of
success. First, the Chinese will not
pay for Best Buy’s overly expensive products unless they are a
brand like Apple. Second, there is
too much piracy in the Chinese market, and this reduces demand
for electronics products at
competitive market prices. Third, like many Europeans, the
Chinese do not want to shop at huge
mega-stores. So, these three seemingly easy-to-understand
cultural issues created difficulties for
Best Buy. Solving these issues, Best Buy believed that it would
have to develop and implement a
different business model for the Chinese market than it has
used, for example, in the United
States.
Question #1: How far should a company go outside its normal
business model to adhere to
cultural values and beliefs of a new market?
eBay, the popular e-business site focused on consumer-to-
consumer purchases, was founded in
1995. The company was one of the true success stories that
lived through the dot-com bubble in
the 1990s. It is now a multi-billion-dollar business with
operations in more than 30 countries.
But China’s unique culture created problems for eBay in that
market. Contrary to the
widespread cultural issues that faced Best Buy, one company in
particular (TaoBao) and one
feature more specifically (built-in instant messaging) shaped a
lot of the problems that eBay ran
into in China. Some 200 million shoppers are using TaoBao to
buy products, and the company
accounts for almost 80 percent of online transaction value in
China. Uniquely, TaoBao’s built-in
instant messaging system has been cited as a main reason for its
edge over eBay in China.
Basically, customers wanted to be able to identify a seller’s
online status and communicate with
them directly and easily—a function not seamlessly
incorporated into eBay’s China system.
Clearly, built-in instant text messaging is a solvable obstacle in
doing business in China. It
sounds easy now when we know about it, but may not always be
the case when we take into account all the little things that are
important in a market.
Question #2: How can a foreign company entering China ensure
that it tackles the most
important “little” things that end up being huge barriers to
success as we approach the year
2020 when China is expected to have significantly increased
purchasing power among its
middle class?

More Related Content

Similar to 1) Indian food preparation versus Western food preparation.(2).docx

Web summit summary
Web summit summaryWeb summit summary
Web summit summary
TeviTuakli
 
2017 Consumer Products Industry Outlook by DELOITTE
2017 Consumer Products Industry Outlook by DELOITTE2017 Consumer Products Industry Outlook by DELOITTE
2017 Consumer Products Industry Outlook by DELOITTE
thierry jolaine
 
Emerging trends in E-tailing: A novel perspective
Emerging trends in E-tailing: A novel perspectiveEmerging trends in E-tailing: A novel perspective
Emerging trends in E-tailing: A novel perspective
Bella Meraki
 
Jan Van Der Bergh Amsterdam Jan2008
Jan Van Der Bergh Amsterdam Jan2008Jan Van Der Bergh Amsterdam Jan2008
Jan Van Der Bergh Amsterdam Jan2008
dorrit
 
Paid to Made media Whitepaper FINAL1
Paid to Made media Whitepaper FINAL1Paid to Made media Whitepaper FINAL1
Paid to Made media Whitepaper FINAL1Brian Dargan
 
Tendencias 2016 / Trends 2016
Tendencias 2016 / Trends 2016Tendencias 2016 / Trends 2016
Tendencias 2016 / Trends 2016
Rene Cotto Strems
 
SapientNitro Q1 2014 Digital Trends
SapientNitro Q1 2014 Digital TrendsSapientNitro Q1 2014 Digital Trends
SapientNitro Q1 2014 Digital Trends
Hilding Anderson
 
Strategic Planning for Digital Marketing Communications - idefix.com
Strategic Planning for Digital Marketing Communications - idefix.comStrategic Planning for Digital Marketing Communications - idefix.com
Strategic Planning for Digital Marketing Communications - idefix.comSebnem Kavcin
 
Laudon traver ec11-im_ch10
Laudon traver ec11-im_ch10Laudon traver ec11-im_ch10
Laudon traver ec11-im_ch10
BookStoreLib
 
US Access to China's Consumer Market
US Access to China's Consumer MarketUS Access to China's Consumer Market
US Access to China's Consumer Market
Dr Dev Kambhampati
 
Jan Van Der Bergh Amsterdam.Jan2008
Jan Van Der Bergh Amsterdam.Jan2008Jan Van Der Bergh Amsterdam.Jan2008
Jan Van Der Bergh Amsterdam.Jan2008
Vincent Everts
 
New horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdfNew horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdf
patryk48
 
Recent growth in international business
Recent growth in international businessRecent growth in international business
Recent growth in international business
Francis Xavier Engineering College
 
New horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdfNew horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdf
patryk48
 
How to Identify Successful Content Strategies
How to Identify Successful Content StrategiesHow to Identify Successful Content Strategies
How to Identify Successful Content Strategies
fcrehan
 
250 Brands to Watch | Seattle Interactive 2019
250 Brands to Watch | Seattle Interactive 2019250 Brands to Watch | Seattle Interactive 2019
250 Brands to Watch | Seattle Interactive 2019
Seattle Interactive Conference
 
Evolution of Marketing
Evolution of MarketingEvolution of Marketing
Evolution of Marketing
PoojaSejpal4
 
Overview of media sector of 'OOH sector'
Overview of media sector of 'OOH sector'Overview of media sector of 'OOH sector'
Overview of media sector of 'OOH sector'
SAGAR JAISWAL
 
The Digital Consumer Guide to Online Shopping
The Digital Consumer Guide to Online ShoppingThe Digital Consumer Guide to Online Shopping
The Digital Consumer Guide to Online Shopping
Sumit Roy
 
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,Lara Young
 

Similar to 1) Indian food preparation versus Western food preparation.(2).docx (20)

Web summit summary
Web summit summaryWeb summit summary
Web summit summary
 
2017 Consumer Products Industry Outlook by DELOITTE
2017 Consumer Products Industry Outlook by DELOITTE2017 Consumer Products Industry Outlook by DELOITTE
2017 Consumer Products Industry Outlook by DELOITTE
 
Emerging trends in E-tailing: A novel perspective
Emerging trends in E-tailing: A novel perspectiveEmerging trends in E-tailing: A novel perspective
Emerging trends in E-tailing: A novel perspective
 
Jan Van Der Bergh Amsterdam Jan2008
Jan Van Der Bergh Amsterdam Jan2008Jan Van Der Bergh Amsterdam Jan2008
Jan Van Der Bergh Amsterdam Jan2008
 
Paid to Made media Whitepaper FINAL1
Paid to Made media Whitepaper FINAL1Paid to Made media Whitepaper FINAL1
Paid to Made media Whitepaper FINAL1
 
Tendencias 2016 / Trends 2016
Tendencias 2016 / Trends 2016Tendencias 2016 / Trends 2016
Tendencias 2016 / Trends 2016
 
SapientNitro Q1 2014 Digital Trends
SapientNitro Q1 2014 Digital TrendsSapientNitro Q1 2014 Digital Trends
SapientNitro Q1 2014 Digital Trends
 
Strategic Planning for Digital Marketing Communications - idefix.com
Strategic Planning for Digital Marketing Communications - idefix.comStrategic Planning for Digital Marketing Communications - idefix.com
Strategic Planning for Digital Marketing Communications - idefix.com
 
Laudon traver ec11-im_ch10
Laudon traver ec11-im_ch10Laudon traver ec11-im_ch10
Laudon traver ec11-im_ch10
 
US Access to China's Consumer Market
US Access to China's Consumer MarketUS Access to China's Consumer Market
US Access to China's Consumer Market
 
Jan Van Der Bergh Amsterdam.Jan2008
Jan Van Der Bergh Amsterdam.Jan2008Jan Van Der Bergh Amsterdam.Jan2008
Jan Van Der Bergh Amsterdam.Jan2008
 
New horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdfNew horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdf
 
Recent growth in international business
Recent growth in international businessRecent growth in international business
Recent growth in international business
 
New horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdfNew horizons in Retail by Patryk Powierża.pdf
New horizons in Retail by Patryk Powierża.pdf
 
How to Identify Successful Content Strategies
How to Identify Successful Content StrategiesHow to Identify Successful Content Strategies
How to Identify Successful Content Strategies
 
250 Brands to Watch | Seattle Interactive 2019
250 Brands to Watch | Seattle Interactive 2019250 Brands to Watch | Seattle Interactive 2019
250 Brands to Watch | Seattle Interactive 2019
 
Evolution of Marketing
Evolution of MarketingEvolution of Marketing
Evolution of Marketing
 
Overview of media sector of 'OOH sector'
Overview of media sector of 'OOH sector'Overview of media sector of 'OOH sector'
Overview of media sector of 'OOH sector'
 
The Digital Consumer Guide to Online Shopping
The Digital Consumer Guide to Online ShoppingThe Digital Consumer Guide to Online Shopping
The Digital Consumer Guide to Online Shopping
 
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,
 

More from monicafrancis71118

1. Discuss Blockchains potential application in compensation system.docx
1. Discuss Blockchains potential application in compensation system.docx1. Discuss Blockchains potential application in compensation system.docx
1. Discuss Blockchains potential application in compensation system.docx
monicafrancis71118
 
1. Describe the characteristics of the aging process. Explain how so.docx
1. Describe the characteristics of the aging process. Explain how so.docx1. Describe the characteristics of the aging process. Explain how so.docx
1. Describe the characteristics of the aging process. Explain how so.docx
monicafrancis71118
 
1. Dis. 7Should we continue to collect data on race and .docx
1. Dis. 7Should we continue to collect data on race and .docx1. Dis. 7Should we continue to collect data on race and .docx
1. Dis. 7Should we continue to collect data on race and .docx
monicafrancis71118
 
1. Differentiate crisis intervention from other counseling therapeut.docx
1. Differentiate crisis intervention from other counseling therapeut.docx1. Differentiate crisis intervention from other counseling therapeut.docx
1. Differentiate crisis intervention from other counseling therapeut.docx
monicafrancis71118
 
1. Despite our rational nature, our ability to reason well is ofte.docx
1. Despite our rational nature, our ability to reason well is ofte.docx1. Despite our rational nature, our ability to reason well is ofte.docx
1. Despite our rational nature, our ability to reason well is ofte.docx
monicafrancis71118
 
1. Describe the ethical challenges faced by organizations operating .docx
1. Describe the ethical challenges faced by organizations operating .docx1. Describe the ethical challenges faced by organizations operating .docx
1. Describe the ethical challenges faced by organizations operating .docx
monicafrancis71118
 
1. Describe in your own words the anatomy of a muscle.  This sho.docx
1. Describe in your own words the anatomy of a muscle.  This sho.docx1. Describe in your own words the anatomy of a muscle.  This sho.docx
1. Describe in your own words the anatomy of a muscle.  This sho.docx
monicafrancis71118
 
1. Describe how your attitude of including aspects of health literac.docx
1. Describe how your attitude of including aspects of health literac.docx1. Describe how your attitude of including aspects of health literac.docx
1. Describe how your attitude of including aspects of health literac.docx
monicafrancis71118
 
1. Choose a behavior (such as overeating, shopping, Internet use.docx
1. Choose a behavior (such as overeating, shopping, Internet use.docx1. Choose a behavior (such as overeating, shopping, Internet use.docx
1. Choose a behavior (such as overeating, shopping, Internet use.docx
monicafrancis71118
 
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
monicafrancis71118
 
1. Cryptography is used to protect confidential data in many areas. .docx
1. Cryptography is used to protect confidential data in many areas. .docx1. Cryptography is used to protect confidential data in many areas. .docx
1. Cryptography is used to protect confidential data in many areas. .docx
monicafrancis71118
 
1. Compare and contrast steganography and cryptography.2. Why st.docx
1. Compare and contrast steganography and cryptography.2. Why st.docx1. Compare and contrast steganography and cryptography.2. Why st.docx
1. Compare and contrast steganography and cryptography.2. Why st.docx
monicafrancis71118
 
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
monicafrancis71118
 
1. compare and contrast predictive analytics with prescriptive and d.docx
1. compare and contrast predictive analytics with prescriptive and d.docx1. compare and contrast predictive analytics with prescriptive and d.docx
1. compare and contrast predictive analytics with prescriptive and d.docx
monicafrancis71118
 
1. Creating and maintaining relationships between home and schoo.docx
1. Creating and maintaining relationships between home and schoo.docx1. Creating and maintaining relationships between home and schoo.docx
1. Creating and maintaining relationships between home and schoo.docx
monicafrancis71118
 
1. Compare and contrast Strategic and Tactical Analysis and its .docx
1. Compare and contrast Strategic and Tactical Analysis and its .docx1. Compare and contrast Strategic and Tactical Analysis and its .docx
1. Compare and contrast Strategic and Tactical Analysis and its .docx
monicafrancis71118
 
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
monicafrancis71118
 
1. Company Description and Backgrounda. Weight Watchers was cr.docx
1. Company Description and Backgrounda. Weight Watchers was cr.docx1. Company Description and Backgrounda. Weight Watchers was cr.docx
1. Company Description and Backgrounda. Weight Watchers was cr.docx
monicafrancis71118
 
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
monicafrancis71118
 
1. Choose a case for the paper that interests you. Most choose a .docx
1. Choose a case for the paper that interests you.  Most choose a .docx1. Choose a case for the paper that interests you.  Most choose a .docx
1. Choose a case for the paper that interests you. Most choose a .docx
monicafrancis71118
 

More from monicafrancis71118 (20)

1. Discuss Blockchains potential application in compensation system.docx
1. Discuss Blockchains potential application in compensation system.docx1. Discuss Blockchains potential application in compensation system.docx
1. Discuss Blockchains potential application in compensation system.docx
 
1. Describe the characteristics of the aging process. Explain how so.docx
1. Describe the characteristics of the aging process. Explain how so.docx1. Describe the characteristics of the aging process. Explain how so.docx
1. Describe the characteristics of the aging process. Explain how so.docx
 
1. Dis. 7Should we continue to collect data on race and .docx
1. Dis. 7Should we continue to collect data on race and .docx1. Dis. 7Should we continue to collect data on race and .docx
1. Dis. 7Should we continue to collect data on race and .docx
 
1. Differentiate crisis intervention from other counseling therapeut.docx
1. Differentiate crisis intervention from other counseling therapeut.docx1. Differentiate crisis intervention from other counseling therapeut.docx
1. Differentiate crisis intervention from other counseling therapeut.docx
 
1. Despite our rational nature, our ability to reason well is ofte.docx
1. Despite our rational nature, our ability to reason well is ofte.docx1. Despite our rational nature, our ability to reason well is ofte.docx
1. Despite our rational nature, our ability to reason well is ofte.docx
 
1. Describe the ethical challenges faced by organizations operating .docx
1. Describe the ethical challenges faced by organizations operating .docx1. Describe the ethical challenges faced by organizations operating .docx
1. Describe the ethical challenges faced by organizations operating .docx
 
1. Describe in your own words the anatomy of a muscle.  This sho.docx
1. Describe in your own words the anatomy of a muscle.  This sho.docx1. Describe in your own words the anatomy of a muscle.  This sho.docx
1. Describe in your own words the anatomy of a muscle.  This sho.docx
 
1. Describe how your attitude of including aspects of health literac.docx
1. Describe how your attitude of including aspects of health literac.docx1. Describe how your attitude of including aspects of health literac.docx
1. Describe how your attitude of including aspects of health literac.docx
 
1. Choose a behavior (such as overeating, shopping, Internet use.docx
1. Choose a behavior (such as overeating, shopping, Internet use.docx1. Choose a behavior (such as overeating, shopping, Internet use.docx
1. Choose a behavior (such as overeating, shopping, Internet use.docx
 
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docx
 
1. Cryptography is used to protect confidential data in many areas. .docx
1. Cryptography is used to protect confidential data in many areas. .docx1. Cryptography is used to protect confidential data in many areas. .docx
1. Cryptography is used to protect confidential data in many areas. .docx
 
1. Compare and contrast steganography and cryptography.2. Why st.docx
1. Compare and contrast steganography and cryptography.2. Why st.docx1. Compare and contrast steganography and cryptography.2. Why st.docx
1. Compare and contrast steganography and cryptography.2. Why st.docx
 
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
1. Date September 13, 2017 – September 15, 2017 2. Curr.docx
 
1. compare and contrast predictive analytics with prescriptive and d.docx
1. compare and contrast predictive analytics with prescriptive and d.docx1. compare and contrast predictive analytics with prescriptive and d.docx
1. compare and contrast predictive analytics with prescriptive and d.docx
 
1. Creating and maintaining relationships between home and schoo.docx
1. Creating and maintaining relationships between home and schoo.docx1. Creating and maintaining relationships between home and schoo.docx
1. Creating and maintaining relationships between home and schoo.docx
 
1. Compare and contrast Strategic and Tactical Analysis and its .docx
1. Compare and contrast Strategic and Tactical Analysis and its .docx1. Compare and contrast Strategic and Tactical Analysis and its .docx
1. Compare and contrast Strategic and Tactical Analysis and its .docx
 
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
1. Coalition ProposalVaccination Policy for Infectious Disease P.docx
 
1. Company Description and Backgrounda. Weight Watchers was cr.docx
1. Company Description and Backgrounda. Weight Watchers was cr.docx1. Company Description and Backgrounda. Weight Watchers was cr.docx
1. Company Description and Backgrounda. Weight Watchers was cr.docx
 
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docx
 
1. Choose a case for the paper that interests you. Most choose a .docx
1. Choose a case for the paper that interests you.  Most choose a .docx1. Choose a case for the paper that interests you.  Most choose a .docx
1. Choose a case for the paper that interests you. Most choose a .docx
 

Recently uploaded

Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
Col Mukteshwar Prasad
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
Jheel Barad
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
Tamralipta Mahavidyalaya
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Nguyen Thanh Tu Collection
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
Vivekanand Anglo Vedic Academy
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
Fundacja Rozwoju Społeczeństwa Przedsiębiorczego
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 

Recently uploaded (20)

Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
Home assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdfHome assignment II on Spectroscopy 2024 Answers.pdf
Home assignment II on Spectroscopy 2024 Answers.pdf
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 

1) Indian food preparation versus Western food preparation.(2).docx

  • 1. 1) Indian food preparation versus Western food preparation. (2) Values and customs that might affect opinions about microwave ovens. (3) The effects of competition in the market. Answer the questions and consider its affects in India’s marketing This article was written in year 2000, when the Internet saw a massive growth from its birth from year 1994. It is said that: International communication network (W.W.W) is the second greatest invention of mankind, after the first one is language. According to the articles, more and more businesses are discovering the W.W.W as a fundamental communication tool used to conduct daily business. Larger and small companies are embracing the web to communicate with current and prospective customers in a same cost and ease as in their countries. The internet Era is changing the way people doing business. It hasthe fastest growing and most innovative componentsthat make them center to the paradigm
  • 2. of marketing. In some way, digital marketing is different with the traditional networking as it shifts from “one-way” to “two-way” information flows between companies and consumers. Digital is excellent way to broaden your network “one- to- many” and create great opportunities to establish relationship with customers in a mutual communication. Never before has it been so easy to access information on a worldwide basic and never before so many people been exposed to and used a single information sharing system. Therefore, many firms have to rethink their strategy and place more emphasis on digital world. Reza Kiani also pointed out the many marketing opportunities on the Web as a twoway Communication, in four logical situations: Company-to-consumer, consumer-tocompany, consumer-to-consumer, company-to-company. (1) Company-to-consumer: According to Morgan (1996), marketers can use interactive media to provide higher services and lower cost by delivering up-dated product and non-product related information. Compare to traditional marketing communication channel, digital
  • 3. marketing is faster, less expensive, highly immediate communication, round the clock and global. It offers wider and deeper material and richer advertisement content. Assignment 1 3 Many articles pointed out the 3 basic advantages to business using the Web as: Addressability, Flexibility and accessibility. The strong “Addressability” of the web is the primary marketing resources for many firm to define target market, with the “ Flexibility”, customer will shape the firms that serve them. (2) Consumer-to-company: The consumer is now an active participant, and a partner in the production. Marketing today has learned that the probability of purchase by a repeat buyer is much greater than that by a randomly mailed house-hold who has never been a customer. As the product or service becomes customeised, the consumer faces serious problems to identify the product or service s/he desires. To deal with this difficulty, Blattnerd (1994) suggest that it will be necessary for the firm to develop integrative information –processing
  • 4. system to simplify the consumer’s decision process. The system should allow the customer to enter specific desired characteristic and trade-off and then design the product. If the product costs too much, the consumer can look at the related options to reduce it. (3) Consumers-to-consumers: Interactive media allows marketers to establish a dialogue and benefit from nay possibilities that media can provide. The concept of interactivity can be clarified better by the notion of the on-line communities (4) Company-to-company: The rule of the game in the interactive media is changed and it is expected more co-operation will take place among companies in the future. Lastly, the author suggests that the new marketing models for marketing in the new environment should consider all opportunities which the interactive media can provide for marketers and be well-matched with the new marketing paradigms. Even though this article has written 17 years ago, but they are correct in predicting the
  • 5. marketing trends. Nowadays, digital marketing is an excellent way to broaden network beyond referral. Social media is a “must” for marketing in building relationship with clients. Consumers can interact more with Influencer Marketing, Mobile Video, Livestreaming. Chatbots... Thus, company should adopt a continuous improvement strategy challenged by the digital revolution and to changing consumer behavior. Assignment 1 4 Reference G. Reza Kiani (2010). Marketing opportunities in digital world. Internet Research, Vol 8. Iss 22 pp.185-194. Retrieved from: http://www.emeraldinsight.com/doi/abs/10.1108/106622498102 11656 The People’s Republic of China opened up to foreign investments in the late 1970s. Since that time, numerous companies have tried to establish operations and sell their products to customers in China. Many more companies will try in the years to come—China is expected to have some 190 million people in the middle- and upper-income
  • 6. categories by 2020. This is an increase from only about 17 million people in these income brackets as recently as in 2010. China’s purchasing power for virtually all products and services has strong potential, and foreign companies will seek these market opportunities. What have we learned culturally that can help Western-based companies in China’s marketplace? Some background on China can serve as a starting point for better understanding the culture in China and what some well-known companies such as Best Buy and eBay have done to target the Chinese marketplace. The motivation for many foreign companies to enter China—beyond those that have been there for a few decades for reasons of low-cost production—was the triple growth of the Chinese economy that was seen from 2000 to 2010. China overtook Japan to become the second-largest economy in the world behind only the United States, and its large population makes for an enormous target market. Investment from foreign companies was the largest driver of China’s growth in the decade from 2000 to 2010. However, many companies also
  • 7. increased their exports to China. The United States, for example, saw its companies increase exports to China by 542 percent from 2000 to 2011 (from about $16.2 billion to $103.9 billion), while total exports to the rest of the world increased by only 80 percent in the same time period. Interestingly, while foreign investments grew, domestic consumption as a share of the Chinese economy declined from 46 percent in 2000 to 33 percent in 2010. This consumption decline— coupled with slower growth globally and, ultimately, the worldwide economic downturn that started in 2008—raised questions about China’s momentum. Right now, around 85 percent of mainstream Chinese consumers are living in the top 100 wealthiest cities. By the year 2020, these advanced and developing cities will have relatively few customers who are lower than the middle- and upper-income brackets by Chinese standards. The expectation is that these consumers will be able to afford a range of products and services, such as flat-screen televisions and overseas travel, making the Chinese customer much more of a target for a wide variety of
  • 8. consumption. This begs the question, can the unprecedented Chinese growth really continue, and would it come from increased consumption? The resounding answer is yes according to research conducted by McKinsey & Company. McKinsey found that barring another major economic shock similar to what we saw in 2008, China’s gross domestic product (GDP) will continue to grow, albeit not at the historic levels seen between 2000 and 2010 when it grew about 10.4 percent annually. The growth from 2010 to 2020 is expected to be about 7.9 percent per year, which is still far above the expected growth for the United States (2.8 percent annually), Japan (1.2 percent annually), and Germany (1.7 percent annually)—the three countries among the top four worldwide economies along with China. And, the key is that consumption will now be the driving force behind the growth instead of foreign investment. The consumption forecast opens up opportunities for foreign companies to engage with Chinese consumers who are expected to have more purchasing power and
  • 9. discretionary spending. But culturally translating market success from one country or even a large number of countries to the Chinese marketplace is not necessarily as straightforward as it may seem. Often, a combination of naiveté, arrogance, and cultural misunderstanding have led many well-known companies to fail in China. Lack of an understanding of issues such as local demands, buying habits, consumption values, and Chinese customers' personal beliefs led to struggles for companies that had been very successful elsewhere in the world. Let’s take a brief look at Best Buy and eBay as two examples. Best Buy, the mega-store mainly focused on consumer electronics, was founded in 1966 as an audio specialty store. Best Buy entered China in 2006 by acquiring a majority interest in China’s fourth-largest appliance retailer, Jiangsu Five Star Appliance, for $180 million. But culture shock hit Best Buy, best described by Shaun Rein, the founder of China Market Research Group. He pointed to a few reasons for this culture shock and lack of success. First, the Chinese will not
  • 10. pay for Best Buy’s overly expensive products unless they are a brand like Apple. Second, there is too much piracy in the Chinese market, and this reduces demand for electronics products at competitive market prices. Third, like many Europeans, the Chinese do not want to shop at huge mega-stores. So, these three seemingly easy-to-understand cultural issues created difficulties for Best Buy. Solving these issues, Best Buy believed that it would have to develop and implement a different business model for the Chinese market than it has used, for example, in the United States. Question #1: How far should a company go outside its normal business model to adhere to cultural values and beliefs of a new market? eBay, the popular e-business site focused on consumer-to- consumer purchases, was founded in 1995. The company was one of the true success stories that lived through the dot-com bubble in the 1990s. It is now a multi-billion-dollar business with operations in more than 30 countries. But China’s unique culture created problems for eBay in that
  • 11. market. Contrary to the widespread cultural issues that faced Best Buy, one company in particular (TaoBao) and one feature more specifically (built-in instant messaging) shaped a lot of the problems that eBay ran into in China. Some 200 million shoppers are using TaoBao to buy products, and the company accounts for almost 80 percent of online transaction value in China. Uniquely, TaoBao’s built-in instant messaging system has been cited as a main reason for its edge over eBay in China. Basically, customers wanted to be able to identify a seller’s online status and communicate with them directly and easily—a function not seamlessly incorporated into eBay’s China system. Clearly, built-in instant text messaging is a solvable obstacle in doing business in China. It sounds easy now when we know about it, but may not always be the case when we take into account all the little things that are important in a market. Question #2: How can a foreign company entering China ensure that it tackles the most important “little” things that end up being huge barriers to success as we approach the year
  • 12. 2020 when China is expected to have significantly increased purchasing power among its middle class?