This document discusses strategies for marketing in a global environment. It explains that companies must understand local social and cultural elements to succeed overseas. Tailoring products to local needs and becoming part of the local culture helps brands break into new markets while maintaining their authenticity. Successful companies delicately balance local adaptation with preserving their core brand identity. The document provides examples of companies like PepsiCo, L'Oreal, and automakers that have effectively tailored their offerings for different cultures without compromising their brands. Maintaining this balance of local relevance and global consistency is key to marketing successfully on a global scale.
ALL SAMSUNG MARKETING CAMPAIGNS. SAMSUNG BEAT MI. SAMSUNG - HISTORY, DEVELOPMENT, MARKETING CAMPAIGN, THEIR MARKETING AGENCY, 360 MARKETING, ADVERTISEMENTS OF SAMSUNG IN INDIA.
Functional area of mushroom cultivation as an Enterprise A Presentation By M...Mr.Allah Dad Khan
Functional area of mushroom cultivation as an Enterprise A Presentation By Mr Allah Dad khan Former Director General Agriculture Extension KPK Province and Visiting Professor the University of Agriculture Peshawar Pakistan
ALL SAMSUNG MARKETING CAMPAIGNS. SAMSUNG BEAT MI. SAMSUNG - HISTORY, DEVELOPMENT, MARKETING CAMPAIGN, THEIR MARKETING AGENCY, 360 MARKETING, ADVERTISEMENTS OF SAMSUNG IN INDIA.
Functional area of mushroom cultivation as an Enterprise A Presentation By M...Mr.Allah Dad Khan
Functional area of mushroom cultivation as an Enterprise A Presentation By Mr Allah Dad khan Former Director General Agriculture Extension KPK Province and Visiting Professor the University of Agriculture Peshawar Pakistan
Presentation of a conceptual study on "brand", "global brands" and "global brand management strategies" that covers the basic elements on the brand management.
This paper is focused on Packaging; one of the relatively long-term component in the many tools of shopper marketing. The more interesting observation is that it is right at the center of brand’s consumer proposition and brand’s shopper proposition – therefore an essential component in communication mix. A good packaging design not just motivates shoppers to choose, but it also builds brand equity and supports what is advertised.
Structure outline for Toyota Airbags Defect Case Study1. .docxjohniemcm5zt
Structure outline for Toyota Airbags Defect Case Study
1. Introduction
Explanation of stakeholders’ theory and its relevance to the case under study
2. The case
2.1 Context
Facts of the case:
What? Toyota Motor Sales is recalling approximately 247,000 cars
Which cars are included in the recall?
When are they recalling?
In which areas are they recalling the cars from?
Why are they recalling?
History: has there been any other case of cars recall by Toyota?
2.2 Data
From Toyota’s website, under section of Press Room (Press Releases)
Takata’s official statements
2.3 Methodology
Manner of urgency of call, if any
How is Toyota dealing with customer complaints?
Customer reviews
What techniques did they adopt in recalling?
3. Findings
What part of the airbag defect situation did Toyota own up and what part did they put blame on
Takata?
Meetings of Toyota and Takata with other officials involved
How have other stakeholders helped Toyota in this situation of crisis or made it worse?
Which ethical codes did Toyota abide by in recalling?
Have there been instances when Toyota recalled cars late and suffered losses? Did it learn lessons
this time?
4. Conclusion
What features and elements of the stakeholders’ theory got implemented in this case?
History
1971 - Starbucks begins as roaster and retailer of whole bean and ground coffee, tea and spices in Seattle, Washington
Founded by Gordon Bowker, Jerry Baldwin, and Zev Siegl. They named it Starbucks after the first mate from the book Moby Dick
1982 - Howard Schultz joins company in as director of marketing
1983 - Schultz visited Milan brings back idea of traditional Italian coffee houses to America, but the idea was not developed by the owners
1985 - Schultz started his own coffee house II Giornale Coffee
1987 - Schultz purchases Starbucks (6 stores) to combined with his coffee house and begins to expand stores in America.
1996 - expands in the international market
2014 – 20,000 stores in 65 countries
Background
Stakeholders
Shareholders
Employees (Partners)
Customers
Communities
Suppliers
Social Responsibility
Every store is part of a community, and they take responsibility to be good neighbors seriously.
Community
Ethical Sourcing
They are committed to offering high-quality, ethically purchased and responsibly produced products.
Environment
Minimizing environmental footprint and inspiring others to do the same.
6
Business Ethics and Compliance
Starbucks believes that conducting business ethically and striving to do the right thing are vital to the success of the company
Business Ethics and Compliance is a program that supports Starbucks Mission and helps protect their.
This IS AN EXAMPLE OF SOMEONE ELSE IN THE CLASS. BELOW IS HOW THE GrazynaBroyles24
This IS AN EXAMPLE OF SOMEONE ELSE IN THE CLASS. BELOW IS HOW THE DISCUSSION SHOULD BE DONE.
Discussion Part 1:
I have selected to be the VP of Marketing for Coke and explore some of the strategies that would need to be taken in gaining more share in the India market.
In India there is a very low market share for what is considered packaged drinks. Currently there is between a 4-5 percent of all beverages consumed in India are packaged, more people are choosing to drink tap water, tea, juices, and dairy products. In order to be successful Coca Cola would need to ensure that “company researchers broaden their definition of competitors in international markets to include competitive pressures that would not be present in the domestic market.” (Keegan & Green, 2020). This is a cultural and economic characteristic that impacts buying patterns in the India market.
There is market potential for success based off increasing consumer spending habits, and a rise in lower to middle class. When the India consumers have had more disposable income, they have shown to spend more on what is considered packaged drinks. Coke does have a current competitive advantage in that is portfolio mix does currently consist of drinks that offer a variety of fruit flavors and tastes to accommodate the local appetite. Sprite, Fanta, and possibly partnering with local vendors for other India only flavors, which is a similar approach in other countries, could prove very beneficial. Coke has shown that it can partner with local vendors for bottling of its products to reduce costs, but also give back to its local communities. This is another part of their strategy to ensure that they are being responsible to support their local communities.
Strengths
-Broad existing portfolio of products
-Brand Recognition
-Partnership with local vendors
Weaknesses
-Emerging market may take time to build
-Cultural tastes may not gravitate to traditional coke
Opportunities
-Reduce cost using local vendors for glass and packaging
-increasing market growth could allow to bring more portfolio items over
Threats
-Potential for other vendors to move into market
-Economic downturn could decrease sales/ potential future sales
Discussion Part 2:
I chose LUVS diapers as my focus from Proctor and Gamble and potential emergence into India as well. Its a latent market in that they uses other methods aside from diapers for natural infant hygiene (clothe diapers, etc). This means that there could be a need if the major environmental concerns could be met as well as done so in an economical way. A latent market means that there is not currently large market share or not market share of. This is critical information needed to decide if a company should enter or not.
In order to identify if there is a need, the following analytical techniques should be applied.
1: Use multiple measures to predict future sales opportunity. Rather than rely solely on one piece of data, utilize several resources and data t ...
Business Case: Rebranding a struggling Bangladeshi beverage brand to increase...shaika_jannat
Uro Cola is a struggling beverage brand in Bangladesh that is yet to garner a strong market share in the local population. In this proposal we analyze it's brand presence and competition and provide a unique way to lift up the struggling market presence that it has at the moment.
Running head BUSSINESS PLAN DRAFT1BUSSINESS PLAN2Bu.docxsusanschei
Running head: BUSSINESS PLAN DRAFT
1
BUSSINESS PLAN
2
Business Plan Draft
BUS 599
Avery Clementin
Dr. Daniel Goldsmith
November 29, 2016
TABLE OF CONTENTS
COMPANY DESCRIPTION AND SWOT ANALYSIS 3
COMPANY NAME AND SIGNIFICANCE 3
WEFIT’S COMPANY MISSION STATEMENT 3
TRENDS IN THE NON-ALCOHOLIC BEVERAGE INDUSTRY 3
WEFIT’S STRATEGIC POSITION 4
OVERVIEW OF WEFIT’S DISTRIBUTION CHANNELS 5
RISK ANALYSIS OF WEFIT COMPANY 5
SWOT ANALYSIS 6
MARKETING PLAN AND SALES STRATEGY 6
SALES STRATEGY 7
COMPANY’S TARGET MARKET 8
ANALYZE THE TYPES OF CONSUMERS 8
COMPANY’S MARKET COMPETITION 10
COMPETITION FACTORS 11
JUSTIFICATION OF COMPANY STRATEGY 11
WEFIT DIET DRINK FIVE FS 12
ETHICS AND SOCIAL RESPONSIBILITY 13
COMMITMENT OF THE COMPANY 13
EFFECTS OF WEFIT ACTIVITIES ON THE ENVIRONMENT AND HOW TO MITIGATE THEM 13
CHOICE OF PACKAGING 13
DISPOSAL OF BOTTLES 14
HEALTH ISSUES 14
COMPANY’S PLAN TO REACH THE APPROPRIATE MARKET 15
BUSINESS PLAN FINANCIALS 15
STRATEGIC FINANCIAL PLANNING TECHNIQUES 15
BUDGETING 16
PRICING ANALYSIS 16
EVALUATING COSTS 16
CASH FLOW MANAGEMENT 17
PERFORMANCE ANALYSIS 17
REFERENCES 18
Company Description and SWOT Analysis
Company Name and Significance
The name of my Non- alcoholic beverage (NAB) company is WeFit Diet Drinks. This company deals with the production and the manufacturing of the non-alcoholic beverages that have zero calories content. The significance of this beverage is to provide soft drinks to the people who enjoy the various tastes of different sodas, but they are no longer willing to indulge in drinks that have the calories as a measure of ensuring a healthy lifestyle. This company will provide drinks with different flavors just like the other sodas. These drinks will aid in meeting the needs of the people who have decided to adopt healthy lifestyles such as avoiding the high-calorie content drinks.
WeFit’s Company Mission Statement
The mission statement of the WeFit Diet Drinks is to ensure the provision of sophisticated and inviting diet soft drinks that do not mislay the authenticity of the people health habits. As a company, we are committed to ensuring that we meet the various needs of our customers through the provision of high-quality products, to ensure that they are satisfied and also provide a high level of professionalism. In addition to this, we are also aiming at making a difference and ensuring the creation of value as a company.
Trends in the Non-Alcoholic Beverage Industry
One of the trends in the non-alcoholic beverage industry is that there is a revolution whereby the sugary drinks and juices sales are likely to slip. This is a result of the increasing need for the development of new and healthy beverages and other brands that are much healthier than the prevailing ones. In the developed countries, many people have become more sensitive to health ...
OPINION Intercultural Conflicts of International Marketing Act.docxhopeaustin33688
OPINION
Intercultural Conflicts of International Marketing Activities - From the Perspective of Chinese Companies
Culture plays very crucial and important role in international marketing strategy. Every nation, community has different acceptable norm for marketing.
Religion, language, life style, beliefs make marketing different for every culture. Marketing same item to two different countries may be difficult. Therefore marketing experts should consider the cultural differences while developing strategies.
As an example to the cultural difference is; fruit serving size in supermarkets. If an investor wants to sell fruits sliced and shirked to portions for only individuals in Turkey, it may not work as in USA. This may be due to family eating culture differences. In Turkey, people are more family oriented so they eat together, servings of the fruit are bigger and demand is heavier on whole fruits rather than sliced and packed ones. In that sense marketer should weight the investment on more whole fruit than sliced ones.
In terms of considering cultural differences, Coca Cola does great job during holy month of Ramadan. On the commercials they show that as Coca Cola has been part of the fast breaking (iftar) table for long time. This made people feel that this foreign company has been part of the culture and embraced by community as theirs.
Global companies should develop strategies accordingly regarding culture and the norms of the targeted society. A product label saying that “recycle or green product” may not be too important in developing countries. On the other hand this label may increase sales on developed countries where community is more concern about environment.
Language similarity and familiarity of the used language with daily life is very important. If the right words are picked to market a product it may boost the sales. Such that if a marketing slogan or motto is merged with known proverb of the culture, it will built reputation easier. Otherwise implementing new motto and using a slogan with words different from daily life is risky. When picking up these words for slogan or motto, marketers should watch out the consequences of the unknown or misunderstanding words.
Foreign company which tries to break into a new market also promotes change. The concept of change may be little blurry for the targeted society. This is because not all cultures are willing to change their traditional ways of thinking and living. When company tries to promote change of consumption, they shouldn’t cross the line of cultural change. Which means that the society shouldn’t feel anxious about their culture is changing. The message should be that ‘this is a new product and it is good’. If the balance is not done carefully, it may backfire from society and company may face consequences.
Any company who is willing to open up to foreign markets globally, they should carefully watch cultural differences and norms of society with balanced strat.
Presentation of a conceptual study on "brand", "global brands" and "global brand management strategies" that covers the basic elements on the brand management.
This paper is focused on Packaging; one of the relatively long-term component in the many tools of shopper marketing. The more interesting observation is that it is right at the center of brand’s consumer proposition and brand’s shopper proposition – therefore an essential component in communication mix. A good packaging design not just motivates shoppers to choose, but it also builds brand equity and supports what is advertised.
Structure outline for Toyota Airbags Defect Case Study1. .docxjohniemcm5zt
Structure outline for Toyota Airbags Defect Case Study
1. Introduction
Explanation of stakeholders’ theory and its relevance to the case under study
2. The case
2.1 Context
Facts of the case:
What? Toyota Motor Sales is recalling approximately 247,000 cars
Which cars are included in the recall?
When are they recalling?
In which areas are they recalling the cars from?
Why are they recalling?
History: has there been any other case of cars recall by Toyota?
2.2 Data
From Toyota’s website, under section of Press Room (Press Releases)
Takata’s official statements
2.3 Methodology
Manner of urgency of call, if any
How is Toyota dealing with customer complaints?
Customer reviews
What techniques did they adopt in recalling?
3. Findings
What part of the airbag defect situation did Toyota own up and what part did they put blame on
Takata?
Meetings of Toyota and Takata with other officials involved
How have other stakeholders helped Toyota in this situation of crisis or made it worse?
Which ethical codes did Toyota abide by in recalling?
Have there been instances when Toyota recalled cars late and suffered losses? Did it learn lessons
this time?
4. Conclusion
What features and elements of the stakeholders’ theory got implemented in this case?
History
1971 - Starbucks begins as roaster and retailer of whole bean and ground coffee, tea and spices in Seattle, Washington
Founded by Gordon Bowker, Jerry Baldwin, and Zev Siegl. They named it Starbucks after the first mate from the book Moby Dick
1982 - Howard Schultz joins company in as director of marketing
1983 - Schultz visited Milan brings back idea of traditional Italian coffee houses to America, but the idea was not developed by the owners
1985 - Schultz started his own coffee house II Giornale Coffee
1987 - Schultz purchases Starbucks (6 stores) to combined with his coffee house and begins to expand stores in America.
1996 - expands in the international market
2014 – 20,000 stores in 65 countries
Background
Stakeholders
Shareholders
Employees (Partners)
Customers
Communities
Suppliers
Social Responsibility
Every store is part of a community, and they take responsibility to be good neighbors seriously.
Community
Ethical Sourcing
They are committed to offering high-quality, ethically purchased and responsibly produced products.
Environment
Minimizing environmental footprint and inspiring others to do the same.
6
Business Ethics and Compliance
Starbucks believes that conducting business ethically and striving to do the right thing are vital to the success of the company
Business Ethics and Compliance is a program that supports Starbucks Mission and helps protect their.
This IS AN EXAMPLE OF SOMEONE ELSE IN THE CLASS. BELOW IS HOW THE GrazynaBroyles24
This IS AN EXAMPLE OF SOMEONE ELSE IN THE CLASS. BELOW IS HOW THE DISCUSSION SHOULD BE DONE.
Discussion Part 1:
I have selected to be the VP of Marketing for Coke and explore some of the strategies that would need to be taken in gaining more share in the India market.
In India there is a very low market share for what is considered packaged drinks. Currently there is between a 4-5 percent of all beverages consumed in India are packaged, more people are choosing to drink tap water, tea, juices, and dairy products. In order to be successful Coca Cola would need to ensure that “company researchers broaden their definition of competitors in international markets to include competitive pressures that would not be present in the domestic market.” (Keegan & Green, 2020). This is a cultural and economic characteristic that impacts buying patterns in the India market.
There is market potential for success based off increasing consumer spending habits, and a rise in lower to middle class. When the India consumers have had more disposable income, they have shown to spend more on what is considered packaged drinks. Coke does have a current competitive advantage in that is portfolio mix does currently consist of drinks that offer a variety of fruit flavors and tastes to accommodate the local appetite. Sprite, Fanta, and possibly partnering with local vendors for other India only flavors, which is a similar approach in other countries, could prove very beneficial. Coke has shown that it can partner with local vendors for bottling of its products to reduce costs, but also give back to its local communities. This is another part of their strategy to ensure that they are being responsible to support their local communities.
Strengths
-Broad existing portfolio of products
-Brand Recognition
-Partnership with local vendors
Weaknesses
-Emerging market may take time to build
-Cultural tastes may not gravitate to traditional coke
Opportunities
-Reduce cost using local vendors for glass and packaging
-increasing market growth could allow to bring more portfolio items over
Threats
-Potential for other vendors to move into market
-Economic downturn could decrease sales/ potential future sales
Discussion Part 2:
I chose LUVS diapers as my focus from Proctor and Gamble and potential emergence into India as well. Its a latent market in that they uses other methods aside from diapers for natural infant hygiene (clothe diapers, etc). This means that there could be a need if the major environmental concerns could be met as well as done so in an economical way. A latent market means that there is not currently large market share or not market share of. This is critical information needed to decide if a company should enter or not.
In order to identify if there is a need, the following analytical techniques should be applied.
1: Use multiple measures to predict future sales opportunity. Rather than rely solely on one piece of data, utilize several resources and data t ...
Business Case: Rebranding a struggling Bangladeshi beverage brand to increase...shaika_jannat
Uro Cola is a struggling beverage brand in Bangladesh that is yet to garner a strong market share in the local population. In this proposal we analyze it's brand presence and competition and provide a unique way to lift up the struggling market presence that it has at the moment.
Running head BUSSINESS PLAN DRAFT1BUSSINESS PLAN2Bu.docxsusanschei
Running head: BUSSINESS PLAN DRAFT
1
BUSSINESS PLAN
2
Business Plan Draft
BUS 599
Avery Clementin
Dr. Daniel Goldsmith
November 29, 2016
TABLE OF CONTENTS
COMPANY DESCRIPTION AND SWOT ANALYSIS 3
COMPANY NAME AND SIGNIFICANCE 3
WEFIT’S COMPANY MISSION STATEMENT 3
TRENDS IN THE NON-ALCOHOLIC BEVERAGE INDUSTRY 3
WEFIT’S STRATEGIC POSITION 4
OVERVIEW OF WEFIT’S DISTRIBUTION CHANNELS 5
RISK ANALYSIS OF WEFIT COMPANY 5
SWOT ANALYSIS 6
MARKETING PLAN AND SALES STRATEGY 6
SALES STRATEGY 7
COMPANY’S TARGET MARKET 8
ANALYZE THE TYPES OF CONSUMERS 8
COMPANY’S MARKET COMPETITION 10
COMPETITION FACTORS 11
JUSTIFICATION OF COMPANY STRATEGY 11
WEFIT DIET DRINK FIVE FS 12
ETHICS AND SOCIAL RESPONSIBILITY 13
COMMITMENT OF THE COMPANY 13
EFFECTS OF WEFIT ACTIVITIES ON THE ENVIRONMENT AND HOW TO MITIGATE THEM 13
CHOICE OF PACKAGING 13
DISPOSAL OF BOTTLES 14
HEALTH ISSUES 14
COMPANY’S PLAN TO REACH THE APPROPRIATE MARKET 15
BUSINESS PLAN FINANCIALS 15
STRATEGIC FINANCIAL PLANNING TECHNIQUES 15
BUDGETING 16
PRICING ANALYSIS 16
EVALUATING COSTS 16
CASH FLOW MANAGEMENT 17
PERFORMANCE ANALYSIS 17
REFERENCES 18
Company Description and SWOT Analysis
Company Name and Significance
The name of my Non- alcoholic beverage (NAB) company is WeFit Diet Drinks. This company deals with the production and the manufacturing of the non-alcoholic beverages that have zero calories content. The significance of this beverage is to provide soft drinks to the people who enjoy the various tastes of different sodas, but they are no longer willing to indulge in drinks that have the calories as a measure of ensuring a healthy lifestyle. This company will provide drinks with different flavors just like the other sodas. These drinks will aid in meeting the needs of the people who have decided to adopt healthy lifestyles such as avoiding the high-calorie content drinks.
WeFit’s Company Mission Statement
The mission statement of the WeFit Diet Drinks is to ensure the provision of sophisticated and inviting diet soft drinks that do not mislay the authenticity of the people health habits. As a company, we are committed to ensuring that we meet the various needs of our customers through the provision of high-quality products, to ensure that they are satisfied and also provide a high level of professionalism. In addition to this, we are also aiming at making a difference and ensuring the creation of value as a company.
Trends in the Non-Alcoholic Beverage Industry
One of the trends in the non-alcoholic beverage industry is that there is a revolution whereby the sugary drinks and juices sales are likely to slip. This is a result of the increasing need for the development of new and healthy beverages and other brands that are much healthier than the prevailing ones. In the developed countries, many people have become more sensitive to health ...
OPINION Intercultural Conflicts of International Marketing Act.docxhopeaustin33688
OPINION
Intercultural Conflicts of International Marketing Activities - From the Perspective of Chinese Companies
Culture plays very crucial and important role in international marketing strategy. Every nation, community has different acceptable norm for marketing.
Religion, language, life style, beliefs make marketing different for every culture. Marketing same item to two different countries may be difficult. Therefore marketing experts should consider the cultural differences while developing strategies.
As an example to the cultural difference is; fruit serving size in supermarkets. If an investor wants to sell fruits sliced and shirked to portions for only individuals in Turkey, it may not work as in USA. This may be due to family eating culture differences. In Turkey, people are more family oriented so they eat together, servings of the fruit are bigger and demand is heavier on whole fruits rather than sliced and packed ones. In that sense marketer should weight the investment on more whole fruit than sliced ones.
In terms of considering cultural differences, Coca Cola does great job during holy month of Ramadan. On the commercials they show that as Coca Cola has been part of the fast breaking (iftar) table for long time. This made people feel that this foreign company has been part of the culture and embraced by community as theirs.
Global companies should develop strategies accordingly regarding culture and the norms of the targeted society. A product label saying that “recycle or green product” may not be too important in developing countries. On the other hand this label may increase sales on developed countries where community is more concern about environment.
Language similarity and familiarity of the used language with daily life is very important. If the right words are picked to market a product it may boost the sales. Such that if a marketing slogan or motto is merged with known proverb of the culture, it will built reputation easier. Otherwise implementing new motto and using a slogan with words different from daily life is risky. When picking up these words for slogan or motto, marketers should watch out the consequences of the unknown or misunderstanding words.
Foreign company which tries to break into a new market also promotes change. The concept of change may be little blurry for the targeted society. This is because not all cultures are willing to change their traditional ways of thinking and living. When company tries to promote change of consumption, they shouldn’t cross the line of cultural change. Which means that the society shouldn’t feel anxious about their culture is changing. The message should be that ‘this is a new product and it is good’. If the balance is not done carefully, it may backfire from society and company may face consequences.
Any company who is willing to open up to foreign markets globally, they should carefully watch cultural differences and norms of society with balanced strat.
1. Marketing in a Global
Environment
Martha Taylor
10/4/2013
2. 1
Marketing in a Global Environment
Table of Content
Table of Content………………………………………………………………………………… 1
Introduction………………………………………………………………………………………2
The Impact of Social and Cultural Elements……………………………………………………..3
Tailoring a Brand or Product is a Smart Move…………………………………………………..4
Becoming Part of the Local Culture……………………………………………………………..5
Maintaining a Brand Balance……………………………………………………………………5
Summary…………………………………………………………………………………………6
References……………………………………………………………………………………….7
3. 2
Marketing in a Global Environment
Marketing in a Global Environment
Introduction
Global market places are an exciting environment for companies, but can come with
challenges. For example, what is the impact of social and cultural elements when introducing a
new or branded product into a global market? Companies need to be sensitive to cultural
differences if they want to compete and establish a relationship with global consumers.
Companies that want to compete in global markets are constantly analyzing similarities and
differences among their global consumers.
Brands may need to tailor slightly to establish themselves in a new global market. For
example, Coke introduced flavors that consumers recognized along with their famous “Coca
Cola”. Successful brands know that tailoring is a way to break into a market which otherwise
would not except these brands. (Kerin, Hartley and Rudelius) The challenge is to maintain the
authenticity of a brand while breaking into a new market. Successful firms have learned to
navigate the delicate balance of both local culture and brand integrity. In the research paper
assigned to this class, I would like to illustrate some challenges and strategies companies use to
develop a successful marketing plan for new global consumers. First, I will explain how the
impact of social and cultural elements can play a role in marketing strategies. Then, why
tailoring a brand or product is a smart move when exploring global markets. Next, becoming part
of the local culture will establish a brand as part of the local environment. Finally, maintaining a
brand balance in an overseas market.
4. 3
Marketing in a Global Environment
The impact of socialcultural elements
The impact of social and cultural elements can play a role in marketing strategies. As
many companies have found in recent year, it is important to understand the culture and social
elements of a market. If companies neglect this element it could be the down fall of even an
established brand. Global branding cannot rely only on consistency of a brand with packaging
and marketing, it will need to be flexible to changing as a culture dictates the meaning and
relationship with consumers from different countries. Cultural differences, for example, a brand
of chocolate drink in the UK is associated with bedtime drink were as in Nigeria customers see
the same chocolate drink as “made the blood strong” (Ramsay) Even though it is the same
product marketed globally, each local environment saw the product differently. That is why
knowing the local culture is so important. (Hollis) “Unilever has changed its global brand names
with band names that are familiar to a local population.” (Hollis)
Differences in culture are still a large factor and firms need to examine these differences
in cross border business environments. Language barriers, geographic location, and
administration (the way a cross border companies run the operations of a business) are some of
the main areas firms need to consider. Some tough questions will need answers--will these
differences have such an impact to which it would inhibit adding value to a firm or will these
differences benefit the firm. In other words, would a cross border venture add value to our
company?
5. 4
Marketing in a Global Environment
Tailoring a brand or product is a smart move
L’Oreal, one of the world’s leading cosmetic companies, has tailored their product lines
to appeal to a growing Chinese market. According to the “Bloomberg Businessweek”, Chinese
culture places a great deal of emphasis on beauty and skin care. To accommodate these needs
L’Oreal has tailored a line of cosmetic balm and skin oils for Chinese men to cover facial
blemishes using traditional herbal remedies. (Lin). Months of research and innovation goes into a
product line before it released into a new market. Extensive research has paid off for companies
like L’Oreal and Proctor & Gamble who have tailored their health care products according to the
needs of the consumers in different global locations. Increasing sales and market share in these
markets have proven the benefits of tailoring brands to fit a market needs while still maintaining
brand integrity.
Automobile manufactures similarly tailor their line of cars depending on the geographic
location the automobile will be sold. For instance, smaller more compact automobiles are sold
and favored in European countries where as in the United States, larger more spaces automobiles
are preferred.
Not only are products tailored to a market, packaging can also be a factor in placement
and design. Some countries do not have large department stores and roomie outlet stores as the
United States so packaging of products are usually in smaller quantities to accommodate the
smaller scale stores and shelving.
By tailoring to the needs of a market will help a firm become part of the local
community.
6. 5
Marketing in a Global Environment
Becoming part of the localculture
“The Best Drink Created Worldwide” is Pepsi cola’s slogan for 2012. PepsiCo's products are
sold in more than 200 countries and territories around the world. Therefore, with that said Pepsi
has worked hard to create a global marketing strategy to become part of local cultures around the
world. “We are steadfastly dedicated to building a profitable and sustainable 21st century
corporation — one that is a good investment for our shareholders, a good environment for our
employees, a good citizen in our communities and a good steward of our planet’s resources,”
said Indra Nooyi, chairman and CEO of PepsiCo. (PEPSICO) Pepsi has focus efforts on
becoming part of the local culture and expressing concern for the local environment. Their
campaign has won global awards for their efforts for water conservation. This has been a very
successful strategy for PepsiCo and has truly set them as a global brand and “The Best Drink
Created Worldwide”.
Maintaining a Brand Balance
Keeping the original sense of a brands unspoiled will be part of your success when
working to maintain balance in a global environment. For example, Budweiser Beer is no longer
and American owned company, but consumers only see Budweiser beer as all American, and
people who buy Budweiser aren’t just getting a beer, but the experience and feelings of “NFL”
football and Saturday BBQ’s.
Other examples of balance in the global market would be the utilization of cultural
diversity in the workforce. By engaging and providing a diverse workforce it will promote
growth and bring to the table a world of knowledge not only of your products but of the local
7. 6
Marketing in a Global Environment
culture as well. Maintaining this balance can be difficult, but some companies have been very
successful.
Summary
The global market provides exciting opportunities and challenges. Establishing oneself as
a brand that people around the world recognize and want can be a difficult but exciting
opportunity. Global market strategies should incorporate and take into considerate the impact of
cultural elements, working to become part of the local culture, tailoring ones brand to meet the
consumer needs and how to maintain balance while marketing in overseas environments.
8. 7
Marketing in a Global Environment
References
Works Cited
Ghemawat,Pankaj. Pankaj Ghemawat:Whatinthe World.8 Octobe 2007. 23 September2013
<http://idscussionleader.hbsp.com/ghemawat/>.
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