Discuss the advantages and disadvantages of standardization strategies and adaptation strategies in a global environment. Standardization is the process by which a company makes it methods‚ especially its production processes‚ uniform/identical throughout its organization. Whereas for adaptation‚ a company would change their methods such as the price‚ promotion‚ packaging and/or the product itself in order to fit the needs and preferences of the market or a particular country. Adaptation occurs when
Premium Marketing
of systematic effects. 7. Continuous education and training in a constantly changing workplace is a necessity‚ not a luxury. 8. Technology gradient is a dynamic component of the technology management process‚ to be monitored for strategic advantage. 9. The RTC factor must be carefully analyzed and meticulously monitored for gaining the most out of any technology‚ particularly a new one. 10. Information linkage must keep pace with technology growth. In the case of an IT Organization‚ the
Premium Technology
2004:11 Standardisation versus Adaptation: A Study of the Factors Initiating and Influencing the Process of Strategic Migration A Case Study of MalacoLeaf Anne Marte Bergersen René Zierfuss Graduate Business School School of Economics and Commercial Law Göteborg University ISSN 1403-851X Printed by: Elanders Novum AB 2 Marte Bergersen René Zierfuss Abstract Despite nearly eight decades of debate on the topic of international marketing strategy standardisation/adaptation‚ the subject
Premium Scientific method Research
Standardisation versus Adaptation in a Globalisation context Challenge This is the challenge facing primarily multinational firms whether to standardise their local offering or adapt/localise it for the market they are selling into. According to De Wit and Meyer (2010)‚ the question facing managers is whether they should anticipate and encourage global convergence by emphasising global standardisation‚ centralisation and coordination or should managers acknowledge and exploit international diversity
Premium Globalization Marketing Multinational corporation
brands under their portfolio. The company was founded in 1886 and is currently headquartered in Atlanta‚ Georgia‚ USA. This paper seeks to explain the impact of globalization on the standardization versus adaptation decision using examples from the Coca-Cola Company’s performance and strategies since their inception as a company. Introduction Globalisation can be defined as the movement toward economic‚ financial‚ trade‚ and communications integration by countries and their populations globally
Premium Coca-Cola
THE UNIVERSITY OF HULL Integration of Standardisation and Adaptation Marketing Mix Strategy Reference to Shiseido Company in UK and China Being a Dissertation submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (General) in the University of Hull by Ai Jun Hou ‚ BA (Honours) (April 20‚ 2001) Acknowledgement This dissertation reflects the contribution and insights of many people. I shall take the opportunity to thank the following
Premium Marketing
2008 Track 7: International Marketing and Cross Cultural Issues in International Business STANDARDIZATION VS. ADAPTATION OF THE MARKETING MIX STRATEGY IN SME EXPORTS Jorma Larimo University of Vaasa‚ Department of Marketing PO Box 700‚ FI-65101 Vaasa Minnie Kontkanen University of Vaasa‚ Department of Marketing PO Box 700‚ FI-65101 Vaasa Abstract. Standardization vs. adaptation of the marketing mix in foreign markets has been one of the key research areas in international marketing since late
Premium Marketing
ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
Premium Addiction History of the Internet E-mail
The Advantages and Disadvantages of Communicative Language Teaching The Advantages and Disadvantages of Communicative Language Teaching By HAH Introduction The focus of this essay is to highlight the advantages and disadvantages of Communicative Language Teaching (CLT). In doing so‚ it is important to first clarify the meaning of CLT and it’s place in the ongoing history of language teaching methodology. CLT is generally accepted as the most recognized‚ contemporary approach to language
Premium Communicative language teaching Language Language education
Advantages of Total Quality Management (TQM) Improves Reputation - TQM programs have the advantage of improving corporate as well as product reputations in the marketplace‚ because errors and defective products are discovered much more rapidly than under a non-TQM system‚ and often before they are ever sent to market or found in the hands of the public. Higher Employee Morale - Compared to employees who are motivated‚ disengaged workers are less efficient‚ miss more workdays and cost organizations
Free Ethics Employment Morality