Global-Local is a term paper illustates about the new emerging notions of Global economy.An economy which does not have a stronghold of single economy.To establish its identity global brands are positioning their brands locally to capture the recognition.
Global Marketing Campaign Strategy and DevelopmentSimon Hjorth
**Going global and staying local**
As global brands strengthen and the competition for the consumer’s attention intensifies, it’s more important than ever for companies to create effective global campaigns – but there are already questions worth asking:
- What‘s the most effective way to approach a global campaign?
- Are the best campaigns the same all over the world or localized to some degree?
- What strategic and practical considerations need to be made when executing global campaigns?
Get the perspective in this white paper.
An overview of the macro trend of New World Order. Is the old adage of "America sneezes the rest of the world catches a cold" still current? In this New World Order where power increasingly resides with Brazil, China and India how are people responding and what are the consequences for brands?
Global Marketing Campaign Strategy and DevelopmentSimon Hjorth
**Going global and staying local**
As global brands strengthen and the competition for the consumer’s attention intensifies, it’s more important than ever for companies to create effective global campaigns – but there are already questions worth asking:
- What‘s the most effective way to approach a global campaign?
- Are the best campaigns the same all over the world or localized to some degree?
- What strategic and practical considerations need to be made when executing global campaigns?
Get the perspective in this white paper.
An overview of the macro trend of New World Order. Is the old adage of "America sneezes the rest of the world catches a cold" still current? In this New World Order where power increasingly resides with Brazil, China and India how are people responding and what are the consequences for brands?
Presentation prepared for a series of lectures on Globalization for PS 212 Culture and Politics of the Third World at the University of Kentucky, Summer 2007. Dr. Christopher S. Rice, Instructor.
Brands are facing an emerging challenge in multicultural marketing—how do they execute against total market? Changing demographics and the need for efficiencies in market spend, targeting and process are driving this discussion.
Achieving effective solutions requires a deeper understanding of cultural dynamics. Brands must be engaged in more authentic and meaningful dialogue with consumers; inspire innovation and creativity that connects more broadly; and achieve efficiencies through an integrated approach.
Within the US and globally we are experiencing the acceleration of a cultural shift marked by ‘cultural remix’ or Hybriculturalism. The desire to respond to this cultural shift is evident in the call to action known as total market. However, there is still a struggle to understand the dynamics. For total market approaches to work, this understanding is critical.
IV. Wiener Konferenz für Mediation 2006
"CULTURE MEETS CULTURE II"
Das »neue« Unbehagen in der Kultur
Termin: Freitag, 05.Mai 2006, 09.00-9.50
Pais Shobha (USA), Director of Behavioral Medicine in the Department of Family Medicine at Indiana University, USA, doctoral degree in family therapy from Purdue University, USA
Video unter:
http://www.youtube.com/watch?v=ghuKoVJDsEo&feature=c4-overview&list=UUgkcVo5EEx9z4rkoi2Vg9cw
Cultural Strategy Battle School - iStrategyLabsEric Shutt
Cultural Brand Strategy is the link between creative and strategy that can elevate brands, campaigns, and creative work to achieve a culturally iconic status. These creative executions side-step conventional marketing value propositions and categorical benefits — in favor of positioning Brands to address, disrupt, and resolve specific cultural tensions in a social context. Often ‘snuck in’ by agency creatives and missing from explicit client creative direction — learn the basics of how to identify, create and execute on creative strategy in a new way.
Theory and sources by Douglas Holt & Douglas Cameron; 'Cultural Strategy' & 'How Brands Become Icons'.
How To Market When Everyone Is A Minority Part1 Eva Hasson Y&REva Hasson
In a world where in 2010, no single demographic, or even handful of demographics, will neatly define the US nation and "Joe consumer" will cease to exist, marketers must learn how to communicate with more than just one demographic. Here is a "how to" case study based on Israel - a country where the “mainstream” represents only 50% of the total population.
globalization is undermining nation states. First, it is that it is empowering corporations at the expense of the nation state, and secondly, that the international institutions such
It does not make sense to talk of a world of 6 billion people becoming a monoculture. The spread of globalization will undoubtedly bring changes to the countries it reaches, but change is an essential part of life. It does not mean the abolition of traditional values.
As the WTO and World Bank are not democratic…. There is an issue of sheer size.
It is noted that many corporations are larger than nation states – more than half the 100 largest economies in the world are corporations.
Integration in the world economy contributes to environmental improvements by promoting growth, increasing incomes, improving property rights and the allowing the efficient use of resources.
Globalization and Its Impact on Poverty in Pakistan(A Background Paper for t...idspak
This study looks at Pakistan’s experience in the light of the international experience and suggests key strategic steps that are necessary for Pakistan to maximize its growth and poverty reduction benefits from globalization.
Presentation prepared for a series of lectures on Globalization for PS 212 Culture and Politics of the Third World at the University of Kentucky, Summer 2007. Dr. Christopher S. Rice, Instructor.
Brands are facing an emerging challenge in multicultural marketing—how do they execute against total market? Changing demographics and the need for efficiencies in market spend, targeting and process are driving this discussion.
Achieving effective solutions requires a deeper understanding of cultural dynamics. Brands must be engaged in more authentic and meaningful dialogue with consumers; inspire innovation and creativity that connects more broadly; and achieve efficiencies through an integrated approach.
Within the US and globally we are experiencing the acceleration of a cultural shift marked by ‘cultural remix’ or Hybriculturalism. The desire to respond to this cultural shift is evident in the call to action known as total market. However, there is still a struggle to understand the dynamics. For total market approaches to work, this understanding is critical.
IV. Wiener Konferenz für Mediation 2006
"CULTURE MEETS CULTURE II"
Das »neue« Unbehagen in der Kultur
Termin: Freitag, 05.Mai 2006, 09.00-9.50
Pais Shobha (USA), Director of Behavioral Medicine in the Department of Family Medicine at Indiana University, USA, doctoral degree in family therapy from Purdue University, USA
Video unter:
http://www.youtube.com/watch?v=ghuKoVJDsEo&feature=c4-overview&list=UUgkcVo5EEx9z4rkoi2Vg9cw
Cultural Strategy Battle School - iStrategyLabsEric Shutt
Cultural Brand Strategy is the link between creative and strategy that can elevate brands, campaigns, and creative work to achieve a culturally iconic status. These creative executions side-step conventional marketing value propositions and categorical benefits — in favor of positioning Brands to address, disrupt, and resolve specific cultural tensions in a social context. Often ‘snuck in’ by agency creatives and missing from explicit client creative direction — learn the basics of how to identify, create and execute on creative strategy in a new way.
Theory and sources by Douglas Holt & Douglas Cameron; 'Cultural Strategy' & 'How Brands Become Icons'.
How To Market When Everyone Is A Minority Part1 Eva Hasson Y&REva Hasson
In a world where in 2010, no single demographic, or even handful of demographics, will neatly define the US nation and "Joe consumer" will cease to exist, marketers must learn how to communicate with more than just one demographic. Here is a "how to" case study based on Israel - a country where the “mainstream” represents only 50% of the total population.
globalization is undermining nation states. First, it is that it is empowering corporations at the expense of the nation state, and secondly, that the international institutions such
It does not make sense to talk of a world of 6 billion people becoming a monoculture. The spread of globalization will undoubtedly bring changes to the countries it reaches, but change is an essential part of life. It does not mean the abolition of traditional values.
As the WTO and World Bank are not democratic…. There is an issue of sheer size.
It is noted that many corporations are larger than nation states – more than half the 100 largest economies in the world are corporations.
Integration in the world economy contributes to environmental improvements by promoting growth, increasing incomes, improving property rights and the allowing the efficient use of resources.
Globalization and Its Impact on Poverty in Pakistan(A Background Paper for t...idspak
This study looks at Pakistan’s experience in the light of the international experience and suggests key strategic steps that are necessary for Pakistan to maximize its growth and poverty reduction benefits from globalization.
Re-Aligning Library Technology Strategy: Questioning the Role of Tradition in...Alton "Tony" Zanders
This paper discusses the trends in current library technology evaluation processes, along with the role of first precedent in determining evaluation criteria. In particular, the paper discusses opportunities to rethink the way academic libraries evaluate technology purchases to better reflect the mission of the institution, the mission of the library, while positioning itself for stricter budgetary policies. Further, the author seeks to argue that an open, interoperable library framework is the most conducive to achieving a university’s strategic mission.
I am sending you, the content of the following class about "Assets, Liabilities and Capital. I hope you undesrtand correctly.
Date to discuss: Friday November 11th, 2016.
Global Campaign Strategy and DevelopmentSimon Hjorth
**Going global and staying local**
As global brands strengthen and the competition for the consumer’s attention intensifies, it’s more important than ever for companies to create effective global campaigns – but there are already questions worth asking:
- What‘s the most effective way to approach a global campaign?
- Are the best campaigns the same all over the world or localized to some degree?
- What strategic and practical considerations need to be made when executing global campaigns?
Get the perspective in this white paper.
Global Engagement in an Interconnected WorldSummarized from a p.docxwhittemorelucilla
Global Engagement in an Interconnected World
*Summarized from a paper by the same title, authored by Dr. John Lee, Associate Professor of Social Studies, N.C. State University
Introduction
A mother sits with her son at a computer. Music fills the room as stylishly dressed kids dance on a computer screen. The scene is a house in the Western African country of Senegal where an encouraging mother is watching a music video with her son and offering her opinion of her son’s favorite new musical group, Rania. The group is from South Korea and is part of a music phenomenon called Korean Pop (or K-Pop) that fuses electronic, hip hop, rock and R&B musical forms. The young man made a video of his mother’s opinion of the group and put it on YouTube. A South Korean musical group, singing music online that emerged in black American culture, is being shared by an African boy on a global commercial video sharing network. How did we get to this point and what are the implications of this interconnected and overlapping world for this young man’s future and the future of young people in the United States?
A certain vision of the future is already here, although unevenly represented around the world. This future is cross-cultural and supported by a global economic system of multinational interests delivered through a decentralized communications network. Young people today are growing up in an interconnected world with access to information through a wide variety of mediums and devices that support the exchange of ideas and opinions. Given that these systems for communication are in constant flux and are being rapidly developed, children must prepare for a future that will look different than the world of their parents.
Trends in Youth Global Engagement
There are six trends that will shape the global engagement of Generation Z over the next decade. Each of them is outlined below.
Trend #1 – The Emergence of an Online Global Identity
Online social networks connect people and create avenues for extending our identity. Identity is connected to our physical being, but increasingly young people are crafting online identities using social networks. Manuel Castells describes this phenomenon in his recent trilogy The Information Age: Economy, Society and Culture. Castells argues that the organization of global economics, political and social institutions prompts individuals to create meaning in their lives through collective action. This explains why networks such as Facebook have become so popular (500 million active users), so fast (Facebook went online in 2004). The attraction of Facebook is the human interaction and collective action that it facilitates. The technology is much less important than the human activities that the technologies enable. In fact, actual interfaces such as Facebook come and go rather quickly (e.g. AOL and MySpace, both with explosive growth and quick declines). These global networks allow people to be free of their “other” identities - ...
There is a host of sociological and cultural research that paints a r.pdffcaindore
the value of an uncirculated \'Mint State-65\' 1950 Jefferson nickel minted in Denver is 7/5 the
value a 1945 nickel minted in Philadelphia in similar condition. together the value of the two
coins is $96. what is the value of each coin?
what is the value of the 1945 nickel?
$
what is the value of the 1950 nickel?
$
Solution
Let the value of 1945 nickel minted in Philadelphia be =x
The value of the 1950 Jefferson nickle minted in Denver = y= 7x/5
We know that x+ y= 96
x+7x/5 =96 so 12x/5=96
Hence x=96*5/12 = 8*5=40 $
So x=40, y=7x/5= 7*40/5 = 7*8=56$
Thus the value of 1945 nickle mintred in Philadelphia = 40$ and
The value of 1950 Mint State-65 Jefferson nickled minted in Denver = 56$.
The concept of glocalization and its incorporation in global brands’ marketin...inventionjournals
Over the past decades,multinational corporations‘ marketing activities were oriented towards brand globalization, which meant promoting, integrating and selling their standardized, uniform products and services across markets worldwide. However, nowadays, international brands are facing new challenges, one of them being to adapt to the conditions, socio-cultural factors and consumers needs within a specific market, to conduct marketing activities based on product particularisation in order to create a connection between the brand and consumers from different cultures and socio-economic backgrounds, thus changing their perspective from „global‖ to „local‖ (leading to the ―glocal‖ approach).In this paper, we will be defined the concept of ―glocalization‖ within a theoretical framework, referring to research studies from previously published literature conducted by other authors, while attempting to demonstrate how adopting a glocal strategy (combining a corporation‘s global strategy and developing products and services customized in order to appeal to the society members of a specific market) can lead to brand equity increase, as well as sales growth.
Globalization_- Definition, Processes and Concepts.pdfDhruvita1
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
History paper - Disney and US ImperialismCultural ImperialismI.docxfideladallimore
History paper -
Disney and US Imperialism
Cultural Imperialism
Imperialism can be defined as the guiding principle of broadening a nation's power by the acquiring of other countries, or by the formation of financial and political authority over other nations.
Cultural
imperialism can then be defined as the cultural impact of imperialism. This can mean many different things, as culture is such a broad term. When looking at popular culture and cultural imperialism, it is important to look again at the concept of dominant culture. The dominant culture is created, controlled, and spread by the ruling class. The ruling class refers to those individuals or corporations with the most economic power and cultural influence. The political actions of a nation, or the values and beliefs of a society, could be examples of cultural elements that are affected by cultural imperialism, and that is what is being referred to in this lecture.
The Commodification of American Culture
The global power of American culture has been in full effect since the 19th century, when distinctly American commodities were exchanged with other nations on an increasingly large scale. These consumer products ended up being sold in countries such as Britain, or other Western European countries, and this helped to spread dominant American culture. With the advent of mass media, particularly radio and television broadcasting, American consumerist culture was further circulated throughout the world. American cultural commodities, such as films, cars, fast food, music, etc., have increased American influence on an international scale. In turn, some of the commodities produced by the United States since the 1950's have arguably become symbolic of American culture.
Coca-cola
, McDonalds, and Disney products have gained international recognition of what America represents, and this is problematic for a number of reasons. Most importantly, consumer products, or the ideologies that are attached to them, should not ultimately define American culture. Unfortunately, people from nations that have no direct knowledge of American people or their values, have developed opinions about the United States that are based upon capitalism, and its products.
Consumerism and Identity
Regardless of whether the ideologies, or beliefs that have become attached to popular commodities have been placed there intentionally or not, the "cultural work" that these American products perform must be examined. This "cultural work" functions by implying to audiences, or consumers, of cultural products, that they should think or feel a certain way, and that buying this consumer product ultimately means that the consumer is buying into the ideology attached to it. For example, McDonalds is known around the world, and there is a McDonalds restaurant in nearly every country in the world today.
The beliefs attached to McDonalds' products on the surface reveal family values, fun, and enjoyment. However, underneath th.
Definition of globalization. Types of globalization. Advantage of globalization: Cultural impact of globalization.Economic impact of globalization. Disadvantages of Globalization
Extract from a report relating to the impact of cultural differences on globalisation. Written from the perspective of consumer behaviour during the #coronavirus crisis. Report is part of a BA (Hons) Marketing degree submission.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
1. History
Global-Local identity is one of the concepts which can be identified in the era of post-
modernity. Modernity occurred due to the first sheer pace of change in technology which set
the modernity into moderation , second a scope of change which means different areas of
globe are drawn into interconnection with one another and third with the intrinsic nature of
modern institutions such as the political system of the nation-state the wholesale dependence
of production upon inanimate power sources, or the thorough going commodification of
products and wage labour. Certainly, globalization became the consequence of the modernity.
Globalization, involves the flexibility brought about by the nations by allowing the global
forces to influence the local market conditions, to achieve economic growth. On the other
hand, as a part of reiterating localization, regions try to protect and maintain a part of the
local conditions and local culture, without being totally swept away by the forces of
globalization. Global-local Identity tries to balance both these approaches in terms of catering
to the local tastes and preferences, while attempting to follow the global corporate philosophy
and vision that the firms have.
The history of global-local identity can be traced back in the 1980s of Japan. According to
the Oxford Dictionary of New Worlds the idea has been modelled on Japanese Dochakuka
(deriving from dochaku “living on one’s own land”) ,originally the agricultural principle of
adapting one’s own farming techniques to local conditions but also adopted in Japanese
business for global localization , a global outlook adapted to local conditions’.
There is a debate among the scholars regarding the concept of global-local identity.
Giddens(1991:21) explained the global-local theme in the context of globalization and
asserted that globalization is a phenomenon which is concerned with the intersection of
2. presence and absence, the interlacing of social events and social relations “at distance” with
local contextualities.
However, according to Roland Robertson, a sociologist, gave a new direction to the concept
and viewed the traditional way of thinking of Giddens as ambiguous as it does not explain the
complexities lying behind the concept of global-local identity. Roland Robertson described
the concept as in terms of particularity which is a global value and what is taking place is
‘universalization of particularization’ or the ‘global valorization of particular identities’.
Considering the global-local identity as an invention of the globalization Nederveen Pietrese
describes the process of globalisation as the process of ‘hybridisation’, where introvert
cultures are gradually receding and trans local cultures made up of diverse elements are
coming to the foreground. Therefore the globalisation can be regarded as a tandem operation
of local/global dynamics or global localisation and the globalisation has accelerated the
cultural mixing.
The concept gained its importance in the business arena in late 1990s by British sociologist
Roland Robertson , who propounded the general issue of the relationship between the
particular and universal became popular which was one of the main marketing buzzwords of
the beginning of 1990s. For example in 1996, Coca Cola engaged the services of ’30
advertising agencies to bring a creative local flavour to the global message’. Robertson
describes this process of corporations producing products for the global markets by adapting
local and other particular conditions as ‘universalization’ and ‘particularization’.
There is a popular intellectual view of Tomilson(1991) which states that the concept of
global-local issue attained its popularity specifically when the entire world was swamped by
Western- American culture. The major alleged producers of ‘global culture’-such as those in
Atlanta(CNN) and Los Angeles (Hollywood) – increasingly tailor their products to a
3. differentiated global markets. For example , Hollywood attempts to employ mixed,
‘multinational’ casts of actors and a variety of ‘local’ settings when it is particularly
concerned to get a global audience.
On the other hand Straubharr stated that global-local identity was established with the coming
into being of media imperialism and cultural synchronization theories as the television
programming flow not only left the impression at the global level but also at regional or geo-
linguistic, national, sub-national or even local levels. Straubhaar says there is a subtle
interplay between the global and local in television form and content.
4. The theories which can be emerged from Global-local identity concept:
1. Imperialism.
2. Diffusion of innovation Theory.
3. Decentralization.
Imperialism Though not through military forces the great powers acquired its control in the
local market but it is true that very swiftly through business , technology and media the
world’s leading market has left a mark over the various localised culture.
Diffusion of innovation theory can be emerged which means that new ideas and technology
is spread and well accepted in the culture. Diffusion is the process by which an innovation is
communicated through certain channels over time among the members of a social system.
Diffusion is a special type of communication concerned with the spread of messages that are
perceived as new ideas and an innovation, simply, is “an idea perceived as new by the
individual.”
Decentralization can be emerged from global-local identity. For example, decision-making
is distributed amongst various economic agents or localized within production agents
regarding any product in accordance with the culture.
5. Current Status
The concept is accepted or rejected depends upon the various factors of the preferences of the
locality. The relevance of the concept can be better understood in following categories :
Business
While conceptualising the category of business in respect of global-local identity following
brands can be taken into account:
McDonald’s, a globalization stereotype, has adapted its global marketing to different
regions or countries. For instance, it provides Maharaja Mac and Veggie McNuggets
in India, which is made of lamb or chicken according to the preferences of people.
McDonald has given the adage of “think global and act local” a concrete shape in
India. McDonald products are preferred not only by the young generation but by the
older generation also due to its quality servicing and pricing. MacDonald has
adjusted its pricing according to the pocket size of middle class. Today McDonald's
is the leading global foodservice retailer with more than 32,000 local restaurants
serving more than 58 million people in around 130 countries each day. 70 percent of
our restaurants worldwide are owned and operated by independent, local
businessmen and businesswomen.
Pepsi believes tapping into the courageous side of the youth is what makes Mountain
Dew the fastest-growing Pepsi brand in India. The product is as global as it gets but
Pepsi delivers the brand’s global message “Darr ke aagey jeet hai” (there is triumph
beyond fear) to its primary target — the youth — with as much local flavour as
possible.
6. Media
The media presents another important realm in which global-local identity is made
apparent. A powerful means of making connections on an international scale, the
media is nonetheless a tool also capable of having an impact on a more local stage.
At the global level some television channels like CNN take the same content to
worldwide audiences , whereas others are creating more regionally or locally adapted
versions of the CNN programmes.
The original plan for STAR TV was to broadcast popular American shows to Asian
audience with as little effort as possible. However the plan was unsuccessful and
STAR TV had to invest on local branches to make local shows. Today in India STAR
TV is providing entertainment and news in various local channels.
Digital Platform
The concept of global-local identity can also be seen in digital platform .
Google , a perfect search engine and a global brand has adjusted its dimensions in
accordance with the localised culture of various countries. For example in India the Google
search page transforms its page in accordance with the festival celebrated in the country
which shows that it has tailored its ideas according to the nature of culture..
Facebook approached the e-market with a ‘one-size-fits-all’ strategy, but now is facing the
realities of cultural difference. In the US – the country of origin – having lots of friends is
culturally acceptable and even encouraged. In Japan however, having more than 50 friends
indicates that you are superficial. Therefore, Facebook has lost its lead market position in
Japan due to the fact that it did not understand and encapsulate culture into its mass strategy.
‘Mixi’ is the social networking brand most Japanese people use; it doesn't tell others how
many friends you have, it doesn't have a ‘like’ button and accounts do not display public
7. walls. This shows that a global-local strategy may be necessary even in the digital
environment. Though it is successful in India still has to do a lot to get fit into this concept.
Though there are many brands like Pizza Hut, Dominos , Starbuks , Walmart have
established its hegemony in the world market but following is an example of the growth of
MacDonald and Google in India giving a brief overview of their strategy of global-local
identity as a success.
Source: Media report
The fastest growing burger chain has seen the revenues from the country grow at a
compounded annual growth rate of around 28.5 per cent over the past six years. In the last
five years alone (FY08-FY13) its revenues have shot up over threefold to around Rs 1,300
crore for the year ended March 31, 2013, based on revenue clocked by its franchisees in the
country.
8. It can be analyzed that due to the presence of Global-local identity concept the Google has
earned relatively fair revenues in India. Thus it shows that it is necessary to tailor your
services in order to survive in the world market.
So it can be analysed that in the present scenario the concept of global-local identity is well
accepted by the public and it is relevant in the contemporary context. People have become
more demanding and the producers of these global brands are tailoring their products in
accordance with their needs and thus catering them with full satisfaction. With this they are
able to maintain their reputation in the global market
9. TRENDS:
Though the Global-local identity has fairly established its peculiarity in the economy of
world market. Global-local identity can lead to a handsome profit for any industry, where
entrepreneurial spirit, creativity, and technological innovation thrive under a Government
increasingly attuned to the value of the creative industries.
The society of any country is divided into two large segments of population: the growing
middle class and the huge underbelly of poverty stricken people. In India itself the middle
class constituted a portion of about 700 million of the total 1 billion population while others
put 300 million. Infact some political scientists such as Rajni Kothari argue that it was the
model of development that India imported from overseas which has led to the creation of
‘two- India’s with one cornering resources and institutions and the other India left to fend for
itself’. Therefore in coming years the brand positioning should be done in such a manner in a
localized culture that it should tailor their services in order to give the benefit to the ignored
sections of the society. For any product to be localised it should concentrate on ‘PUBLIC
SERVICE’.
10. CASE STUDY OF MTV , a music television
MTV Networks was established in 1981 as a US based Music TV network .It has been
expanding since 1987 when it opened MTV Europe. Currently it is owned by media
conglomerate VIACOM. Other channel Partners are Nicklodean and VH1. It generates
more than $1 billion in revenue outside US. However ,the most rapid growth of MTV is in
Asia continent. Almost 2 million people are watching MTV around the world , the majority
outside the US.
INITIAL STAGE
MTV had to overcome a lot of challenges before it became a Global hit. Initially it aired only
American programs with English speaking VJs throughout the Europe assuming that
Europeans would flock to see and hear more about American programs. But surprisingly
their tastes were mainly local except for a handful of global superstars like Madonna and
Michael Jackson. Most Europeans preferred local popular music. Similarly what was popular
in Germany might not be popular in Great Britain. Each country has its own unique and
favourite music scenes and songs. People would love to hear these more than adapt to
Foreign music. MTV clearly failed to understand this core principle and as a result MTV
suffered and started to decline. Soon there were many local copystations in Europe that
catered to individual countries Music scenes. Local copycat music stations soon took away
viewers and large portion of advertising revenue away from MTV.
STRATEGY
In 1995, MTV completely changed its strategy by adopting Global-local identity concept.
For example in Asia MTV Network has an
English-Hindi channel for India.
Mandrine feeds for China and Taiwan
Japanese feed for Japan.
11. Bahasa-language feed for Indonesia and so on.
They used digital and Satellite technology of transmission of localized programs which
greatly saved lot of time and effort. MTV exercised Creative Control over these different
feeds.
All the channels irrespective of the language have the same familiar frenetic look and
feel of MTV.
Local MTV stations are first started using expatriates from elsewhere in the world.
This helped MTV to do “gene Transfer of Company’s culture and operating
principles. Once it was established the network switches to local employees and
expatriates move on.
However to retain its popularity MTV has been increasing the share of local
programs.
Some of the popular local MTV programs in India include:
1. MTV Bakra – real-life comedy scenes.
2. MTV Cricket in Control- cricket inside stories
3. MTV Housefull – Hindi film stars.
TASTE OF SUCCESS
Between the years of 1996-2000 MTV rating in India scaled more than 700%.MTV
captured about 70% of its European advertising revenue. Similar trends were evident
elsewhere in the world. There phenomenal increase in MTV viewership was across the
countries. By 2004, 72 channels, 321 million household viewership in 140 countries.
12. CONCLUSION
MTV Networks has become a symbol of Globalization. It adopted right International
strategies and controls at the right time to regain its popularity, especially in non-english
speaking countries like Asia and Europe. The rationale behind MTV’s Global-local strategy
was to ‘get inside the heads’ of the local population and produce programming that matches
their tastes and preferences.
13. APPENDIX
Appadurai, A. (1988). Putting hierarchy in its place. Cultural Anthropology, 3(36), 36-49.
Featherstone, M. (1995). Undoing culture: Globalization, postmodernism and identity.
London: Sage.
Giddens, A. (1990). The consequences of modernity. Stanford, Calif.: Stanford University
Press.
Robertson, R. (1995). Glocalization: Time-space and homogeneity-heterogeneity. In
Featherstone, M., Lash, S & Robertson, R. (eds.), Global Modernities(pp. 25-44). London:
Sage.
Nederveen Pieterse, J. (1995). Globalization as hybridization. In Featherstone, M., Lash, S
& Robertson, R. (eds.), Global Modernities (pp. 45-68).London: Sage.
Chapter1 Glocalisationof Indain Television:USha M.Rodrigues
MTV slideshare
Mac Donald India.com
Studies of business of brands