Assignment # 12 2.) How does the “standardized versus localized” debate apply to advertising? Communication takes place only when the intended meaning transfers from the source to the receiver. This can be a problem when a standardized approach is used. The message is not able to get through to the receiver due to different reasons such as lack of knowledge of the audience. There are people who feel an advertisement can be used anywhere in the world due to the converging tastes and preferences
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Balance manufactured arch supports and orthopedic shoes. During the fifties and sixties‚ athletes turned to the company for customized running shoes due to New Balance’s unique expertise in handcrafting specialized footwear. Paul Kidd bought the company in 1956 and increased the shoe-making sector as demand grew. Production of running shoes soon became the company’s primary source of business. The New Balance "Trackster"‚ one of the first running shoes made‚ grew very popular not only because of its
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References: 1. International Monetary Fund‚ OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions‚ 2001‚ Retrieved from: http://www.imf.org/external/np/gov/2001/eng/091801.pdf 2. Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and Related Documents‚ 2011‚ Retrieved from: http://www.oecd.org/dataoecd/4/18/38028044
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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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BACKGROUND OF THE PROBLEM Since the late 1980s‚ Business School marketing professor Itamar Simonson has looked for ways to understand how consumers make choices. Much of his work debunks the accepted theory that giving consumers what they want and making a profit are the most basic principles of marketing. Customers may not know what they want‚ and second-guessing them can be expensive‚ says the professor who teaches MBA and PhD marketing and consumer decision-making courses. In Simonson’s words‚ “The
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Ashby‚ a keen surfer and swimmer himself who was in search of a good pair of men’s swimmers made from nylon which is what he grew up with. It is a fashion and lifestyle brand in demand for many reasons. The brand has managed to branch out to many international countries while still maintaining its iconic Australian culture in every way. This is achieved through the visuals of Australia’s beautiful and famous beaches‚ to the embodiment of the iconic‚ fit and muscular bodies of the Aussie bloke. These
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India As TOMS is a well known brand for selling shoes from USA‚ they have potential to enter in the India market through the market evaluation of the twelve Cs. Firstly‚ India is a country that which has a high population of 1.27 billion and there is a significant growing GDP in this few years. Nowadays‚ as the living standards of Indians are increasing‚ their behaviors are willing to spend money on consuming. Also‚ Indians have fashion sense and started to follow the trend. TOMS can get the
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Venezuela situation “Hugo Chavez was the elected strongman of Venezuela who took office in 1999 and remained there until his death from cancer in 2013. Hugo Chavez was the son of schoolteachers‚ and he graduated from the Venezuelan Academy of Military Sciences in 1975. An engaging speaker and charismatic personality‚ he was elected to the presidency as a leftist reformer and modern-day Simón Bolívar. (His reforms were called the "Bolivarian Revolution.") After taking office on 2 February 1999‚ he
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The BMW Group has been very successful in achieving international status. There are three brands within the entire BMW group: BMW‚ MINI‚ and Rolls-Royce Motor Cars. The entire group is committed to providing high quality with all of its products as well as its services. There have been many defining moments in the History of the BMW group. The group was founded in 1916‚ and was originally called Bayerische Flugzeug-Werke (BFW)‚ standing for Bavarian Aircraft Works. In 1917 the company was renamed
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Year (January/February)‚ New Year’s Day (January) and Labour Day (1st May). MARKETING CHANNELS Promotional activities in shopping malls and department stores are the most popular promotional and sales activities‚ followed by discount/price reduction‚ TV commercials‚ discount coupons‚ promotional stands‚ exhibitions‚ buy-one- (or more) gets-one-free. PURCHASING POWER On average‚ respondents owned 4.2 pairs of shoes‚ 1.2 pieces of wallets‚ 1.3 pieces of belts and 1.3 pieces of handbags/briefcases
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