Global brands Vs. Local Brands Introduction According to Ger‚ Belk and Lascu (1993)‚ advances in communications and information systems technology have shrunk distances‚ thereby linking markets through flows of information across markets. These trends enhance the management of global operations and drives up the need to deal effectively with global competition. As firms enter international markets‚ branding plays an important role in its marketing strategy. Many consumers use brands as clues to
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Case Study #3 Corona Beer: From local Mexican Player to a Global Brand 1) What are the dominant business and economic characteristics of the global beer industry? Business Characteristics: - Extremely competitive - Private label dominates - Few large companies producing many labels - Local government regulations Economic Characteristics: - New markets need to be discovered - Saturation of existing markets - Foreign exchange rates The global beer industry continues to be extremely
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Matt Flamman Bradford Peaden Chris White CASE 13: From a Local Mexican Player to a Global Brand ASSIGNMENT QUESTIONS 1. The beer industry has been around for thousands of years and will without a doubt‚ continue to do so. In many cases‚ very little has changed since its beginning. You still make beer the same way it has always been made. The key to success is to figure out how to efficiently get your beer into the hands of as many people as possible. It isn’t a hard industry to get
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Question 1: From an Institution-based view‚ what opportunities and challenges have been brought by the Integration of EU markets in both Western Europe and CEE? The home market from the European Union is one market which everyone has free movement with goods‚ services‚ capital and people. This was not always the way if we look back before the time of the EU we had a Europe which was overfilled with conflicts and wars. Because of the foundation of the EU we got a lot of opportunities in the Western
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EXECUTIVE SUMMARY Introduction: Corona Beer‚ produced in Mexico by Grupo Modelo since 1922‚ entered the United States beer market in 1979‚ and by 2007‚ was the number one imported beer in the United States (with 1.9% market share of the global beer industry) having recently taken that position from Heineken‚ a rival (with 1.6% market share of the global beer industry). Corona used a broad differentiation strategy with a “fun in the sun” marketing image. It also achieved strategic success by using
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“Global Brands vs. Local Brands” A big issue facing the international marketing world today is whether global branding is better then local branding. Consumers all over the world have many different opinions on whether they like purchasing products from big corporate‚ multicultural companies or the local mom and pop shops that they have grown to know‚ and became comfortable with. The pros and cons of both global and local branding vary from good and bad. In my opinion local branding are still
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More than a Corona What do you imagine when you hear Corona beer? Usually it’s that same image of the commercial taking place on a perfect beach. What would a beer have to with a beach‚ that’s isolated and pretty much perfect? Corona is selling it’s beer by selling a dream with it; and it’s working. The typical Corona commercial we see on television has basic elements that are present in all of them. These basic elements are a beach‚ with crystal clear water‚ flawless sand‚ isolation‚ and of
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Diversification: Corona Beer Foreign Market Entry and Diversification: Corona Beer Grupo Modelo is the number one beer producer in Mexico and the producer of Corona‚ one of the leading import beer brands sold in the United States. This paper will highlight the trends in the global beer market and how Grupo Modelo’s international expansion was achieved through strategic partnerships. It will also discuss Grupo Modelo’s strategies to enter new markets and their challenges from competitors. Finally
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Corona Extra has solidified its position as the number one selling beer in Mexico and has reduced the gap on becoming one of the most popular import beers in the United States. These achievements however‚ did not come with little planning. The Grupo Modelo brewery took strategic steps in order for them to produce a product that is in such demand in the United states and the rest of the world. During the 1930s as most other breweries in Mexico were more concerned with providing aid to the war
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Case Study Introduction Canon is one of the most recognisable brands worldwide. It is a Japanese Multinational Enterprise (MNE)‚ specialised on manufacturing of imaging and optical products‚ including printers‚ cameras and copiers. This paper will investigate on the degree of global expansion of Canon. It will focus on the problem statement on how Canon evolved from a Japanese company to a global player. First‚ this paper starts with Canon’s structure and their background. Furthermore
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