Adaptation in International Marketing Introduction The most challenging decision that a company may face in internationalization is the degree of standardization or adaptation in its operations. The question of standardization or adaptation affects all avenues of a business’ operations‚ such as R&D‚ finance‚ production‚ organizational structure‚ procurement‚ and the marketing mix. Whether a company chooses to standardize or adapt its operations depends on its attitudes toward different cultures. These
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Lappeenranta University of Technology School of Business AC40A0101 Cross-Cultural Marketing Strategies Responsible Teacher Hanna Salojärvi Effects of Culture to Marketing in Italy 29 November 2010 TABEL OF CONTENTS 1. Introduction 2 2. Cultural Characteristics 4 3. Hofstede’s dimensions 8 4. Implications for marketing 10 5. Conclusions 12 References 14 Introduction The developing globalization process and companies orientation toward world markets lead to great
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CROSS CULTURAL SOLUTIONS FOR INTERNATIONAL BUSINESS Globalisation‚ the expansion of intercontinental trade‚ technological advances and the increase in the number of companies dealing on the international stage have brought about a dramatic change in the frequency‚ context and means by which people from different cultural backgrounds interact. Cross cultural solutions to international business demands are increasingly being viewed as a valid and necessary method in enhancing communication and
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Pervasive Computing - the next era of Business Computing Dr. Rabindra Ku Jena‚ Nitya Wardha Institute of Management Technolgy‚ Nagpur‚ India Abstract The years to come promise to bring about a new area of information technology (IT) by transferring new technological systems from the minds of scientists and technicians into reality. Pervasive computing is emerging rapidly as an exciting new paradigm and discipline to provide computing and communication services all the time‚ everywhere. Its
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1. Application 2. Product life Cycle - Technological innovation - a. new methods of producing existing commodities b. production of new commodities c. commodity improvement 1. Manufactured good is introduced to home market - start produce something‚ operate close to local market‚ production is small. 2. Domestic industry shows export strength - expand production 3. Foreign production begins - more efficient production (using low wage labor & mass production) 4. Domestic industry loses
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television advertising campaign. First TV marketing can be seen as mass media market. Executive raise wholesale prices in an effort to prevent discount retailers from purchasing designer products for resale in mass-market outlets. Also‚ it could damage the perception that consumers have for the brand. Moreover‚ advertising budgets are limited and television is viewed s too expensive. And in addition‚ some in the industry believe that TV’s status as a mass-marketing medium can undercut a luxury brands aura
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Globalisation has been driven by two fundamental forces namely technological changes together with the integration of markets and the freer movement of goods and services (Goodsall‚ 2011).This report seeks to identify the key marketing factors and strategies to be considered by marketing department when seeking to enter foreign markets. Chosen Product to be marketed The chosen product to be marketed internationally is Angostura Aromatic Bitters; this product is indigenous to Trinidad and Tobago. This
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accompanied by intense debate. According to a survey by the Ministry of Culture‚ Sports and Tourism and the Korea Foundation for International Culture Exchange (KOFICE) done in 2012‚ sixty percent of 3‚600 people in nine countries‚ including China‚ Japan‚ Thailand‚ the United States and France‚ are doubtful that Hallyu will see lasting international success. Some even predict that the Hallyu is just a passing fad like the Japanese pop culture which boom of the 1990s. On the other hand‚ German scholar Ute
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Running Head: INTERNATIONAL MARKETING ETHICS International Marketing Ethics Abstract Businesses face various ethical challenges when conducting business. These ethical challenges are also present when conducting business aboard. Companies must be aware of ethical standards and acceptable behavior. This awareness means that marketers must recognize the viewpoints of three key players: the company‚ the industry‚ and society. Since these three groups almost always have different needs and
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Abstract The purpose of this paper is to explain and evaluate the marketing activities of Discount Tire Company. The name Discount Tire Company and the abbreviation DTC may be used interchangeably within this paper. It is my intent to expound upon the marketing activities that have made this company so successful. I contend that‚ in a down economy‚ these marketing activities have allowed the company to remain ahead of its competition. Discount Tire Company was founded in Ann Arbor‚ Michigan
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