SYNOPSIS Thesis Topic: How can globalization influence the Standardization of International Marketing Strategies? Introduction One of the most intriguing discourses in the field of contemporary marketing management is the standardization of international marketing strategies. The intent of this paper is to examine the standardization of marketing elements within a multinational marketing strategy. A majority view among international marketers is that each national is unique and thus each must
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Standardization versus Adaptation There has been much debate over implementing a standardization strategy versus an adaptation approach across international markets. There are numerous factors to consider‚ along with pros and cons of both marketing plans. While standardization is equated with brand consistency‚ lower advertising costs‚ and overall synergy‚ adaptation is often required to address cultural differences for more effective communication and proves that cutting costs does not always
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Standardization versus 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
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MARKETING ESSAY In affluent societies‚ one observes a growing fragmentation of markets‚ buyers requesting more and more products adapted to their specific needs. How can we reconcile this fact with the objectives of global marketing that emphasises a strategy of standardisation of products and brands across the entire world? Executive Summary: Companies developing a global marketing strategy must consider its impact and influence on the company. Crucial for development of global marketing strategy
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Contents 1. Introduction: 2 2. Company profile 3 3. International marketing strategy 5 3.1 Market saturation 5 3.2 Coping with the global Environment: 5 3.2.1 Microenvironment 6 3.2.2 Macro Environment 6 3.3 Market Segmentation 7 3.3 Market Positioning 7 3.4 Market diversification 7 3.5 Economies of scale 8 4. Global marketing strategy analysis: 9 4.2 Cultural differences 10 4.3 Reaching the remoteness 11 4.4 Logistic system 11 4.5 Proper scrutinizes of the customer
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Strategies for International Marketing The process of penetrating and then developing an international market is a difficult one‚ which many companies still identify as an Achilles ’ heel in their global capabilities. Two aspects of the typical approach are particularly striking. First‚ companies often pursue this new business opportunity with a focus on minimizing risk and investmentthe complete opposite of the approach usually advocated for genuine start-up situations. Second‚ from a marketing
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issues based on analytical and empirical or case research International Marketing Strategies in India: An Application of Mixed Method Investigation Prathap Oburai and Michael J Baker Executive Summary KEY WORDS International Marketing Strategy Grounded Theoretic KEY WORDS Approach Privatization Case Research Methodology Indian Banking Internationalization drives and export orientation are prominent in the organizational strategies of a number of leading Indian firms and multinationals located
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BA (Hons) Marketing – 3rd year Mathieu Chomarat: 06110827 Portobello College Year 2006-2007 International Marketing Strategy Assignment 2: Ikea Case Study Lecturer: Carmel Gernon Room: F6 Table of Contents A Brief Introduction to the essay: 1 Macro-environment of Ikea in Brazil: 1 Politic and legal environment: 1 Economical environment: 2 Social environment: 3 Technological environment: 4 Environmental
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Initial Marketing Plan Planned Countries: Brazil‚ Chile & Argentina MRKT 4030 January 6th 2014 Executive Summary: As the brand managers for a subset of Allstar Brands we are tasked with figuring out the most lucrative way we are going to enter the Latin American market in a ten-year period. We are selling Allsmile brand toothpaste‚ in various SKU’s to best satisfy the demand in each country. We first analyzed each country focusing on unemployment rate‚
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DISSERTATION ON “GLOBALIZATION AND ITS IMPACT ON MARKETING STRATEGIES” OBJECTIVE OF STUDY The objective of this research is to gain a better understanding of the effects of globalization on firms’ international marketing cooperation and performance of firms‚ both in developed and emerging economies. This dissertation mainly focus on two questions‚ first is does globalization affect firm performance? And second is the relationship between global market opportunities and performance stronger
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