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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“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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contained local promoted videos‚ featured videos‚ localized user interface * Using digital hash technology for copyrighting protection | Weaknesses * User created content is not really that popular or well crafted * Copyrighted material is not allowed to be uploaded onto the site * Only including some Indian languages and not all Indian languages on the site | External | Opportunities * Expand viewer content to include a larger age range of viewers * Customizing to local preference
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Case study‚ YouTube LLC; Going Global by acting Local The SWOT analysis of YouTube India can be summarized as Strength * High technology for copyright protection * User-friendly * The international brand name of YouTube * Many alliances to provide the site with more Indian local contents. Weakness * Limited local content will achieve more with its partnerships. * Weakness in providing a variety of languages. YouTube Indian site have all YouTube content but in English‚ they
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L’Oreal: Global Brand‚ Local Knowledge 1. Outline the various conflicting demands on L’Oreal in the international context and their relative importance. What tradeoffs do you see among them? The conflicting demands are: Global Integration Local responsiveness Leveraging knowledge (local to Global) Global Integration: L’Oreal is one of the world ’s most progressive companies and it is being honored for creating a corporate culture that embraces and drives diversity throughout the company
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Summarize the most important benefits and risks associated with diversification into global markets. There are benefits and there are risks associated with diversification into global markets. Diversification into global markets means a company is seeking to have the control in one central area instead of in many different areas because ultimately they are seeking to control their costs. The main advantage of a global market is that a company does not need to make a lot of variations of a product. They
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Executive Summary To survive in the global and competitive business environment‚ it is essential for a company’s to vconduct extensive research so that they can develop a strong brand image from the initial stage as it leads to greater financial benefits for the company. The marketing plan of Orange’s oPad is the topic where an effective marketing strategy is developed to ensure its success in the global competitive market where major plays such as Sony‚ Compaq and Dell have a significant impact
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[pic] Questions: 1) What are the advantages of entering the global market? • The advantages of global market we can introduce our product by using advertising: ➢ Economies of scale in production and distribution ➢ Lower marketing costs ➢ Power and scope ➢ Consistency in brand image ➢ Ability to leverage good ideas quickly and efficiently ➢ Uniformity of marketing practices ➢ Helps to establish relationships outside of the "political
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Competitive strategies: Global vs. local © Professor Daniel F. Spulber Global competitive strategies The G5 Platform strategy Network Strategy Intermediary strategy Entrepreneur strategy Investment strategy 2 Global competitive strategies • Home‚ supplier‚ partner‚ and customer countries of competitors – differences as sources of competitive advantage • Differences in global value connection • Differences in products‚ brand‚ technology • Differences in impacts of political‚ legal and
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The Best Global Leaders are Local Leaders. A few years ago‚ Thomas Friedman eloquently said that "the world is flat." Technology and globalization have made commerce a far more level playing field than it was many decades ago. The internet has unlocked opportunities‚ giving businesses access to previously unreachable customers. There’s a sense of equal opportunity in markets‚ with geographical and historical knowledge becoming more and more irrelevant. From business schools to boardrooms‚ building
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