Preview

Essay - Bridging Brands and Borders: Trends and Tactics to Connect Global Brands with Asian Consumers

Good Essays
Open Document
Open Document
860 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Essay - Bridging Brands and Borders: Trends and Tactics to Connect Global Brands with Asian Consumers
Bridging brands and borders: Trends and tactics to connect global brands with Asian consumers
This article briefly states the idea of brand internationalization. Whether brands should localize themselves based on the tastes of the market or they should keep their identity intact. The author, Craig Briggs states that certain risk is involved when a global company tries and changes too much as per the local tastes. The articles also stresses on instances from the past on Global companies like Starbucks having a successful stint with the globalization, by modifying certain aspects of the product offered to match the consumer demands, but keeping the ethos of the company intact. Then the article moves in to focus on the aspects of customization and how they appear in four key areas, Functional Customization, Delivery Customization, Format Customization, and Perpetual Customization
Facts the author uses for supporting the theory of customization:

a. Functional Customization: Frito lay changed the flavor of the chips to better cater to the taste preferences of the Chinese customer. Developing newer tastes the company has been successful brand, keeping the DNA of the brand intact. b. Delivery Customization: The author appropriately uses the facts about McDonalds and IKEA while stating the area of delivery customization. McDonalds has implemented home delivery options in India and China to make the consumer confortable in using the product from the home. IKEA ran the stores in Japan concentrating on the way Japanese homes are and also started a conveyance service between the major metro stations. This gave the consumer the opportunity to connect to the store more. c. Format Customization: The author appropriately supports the theory with instances about Coca Cola producing the smaller bottles to compete with the local competitor. d. Perpetual Customization: Godiva creating a luxury brand in China is a way in which the author provides information how



References: http://web.ebscohost.com/mobsmart/citations/citation?vid=4&hid=14&sid=bac33097-2f2f-40f7-b099-9c30003d24c0%40sessionmgr14&bdata=JkF1dGhUeXBlPSZzaXRlPW1vYnNtYXJ0LWxpdmU%3d#db=bth&AN=82945873

You May Also Find These Documents Helpful

  • Satisfactory Essays

    While business that remain local competitors are limited to the scope of their sales and revenue. An organization that can successfully expand to a global market creates a broad open market which can more effectively communicate with partners and customers alike. This makes the process of supply and demand, distribution, and local producers and sellers much easier to manage for an organization. This is especially true for an organization who expands globally in areas they already may import/sell products. By having a physical location in these regions they can avoid high importing/exporting tariffs and even build brand recognition and foster a strong economy. (2, Conclusion) Therefore globalization creates and fosters open markets and strengthens brand names. A company can greatly increase not only their revenue with globalization, but also the effectiveness of their brand on a global…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    MRKG Case 1

    • 1744 Words
    • 5 Pages

    2. A. Such as McDonald’s and General Mills should change the colors of its logo or packaging depending on the country, because of their own cultures. For example, the yellow signifies happiness in the U.S., the color symbolizes sadness in Greece and jealousy in France. Likewise, when a company decides to do a business globally, they have to segment the market geographically and cater to the different target market’s needs and wants, not from the ones of the home country. The France’s McDonald website is different from America’s.…

    • 1744 Words
    • 5 Pages
    Better Essays
  • Good Essays

    SBU for Fritolays

    • 313 Words
    • 2 Pages

    First, Frito-Lay has lots of brands, however, none of them produce similar products. For example, Lay’s provides classic potato chips and Dorito’s has unique flavor tortilla chips which Frito-Lay has various product differentiation for customers to select. In addition, large product differentiation creates large competitive edges. It gives a clear advantage over the competition in terms of one or more elements of the marketing mix that is valued by potential customers(Pearson).…

    • 313 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Branding, pricing, and distribution are all integral parts of a strategic marketing plan. Each segment of the plan needs to be developed individually with the entire culmination of the plan in mind. In other words, each segment should be a link in the chain to a completed marketing strategy. The ultimate goal is to reach a successful culmination of all three tiers that will have a successful impact in introducing the brand, pricing it correctly, and forming a distribution model that will maximize the competitive advantage to the company or service in question. This report will outline the steps in developing a local branding outline as well as an international branding strategy .The idea behind branding is to differentiate your product, value, quality or service from your competitors, and make it more readily identifiable to the end user. There are at least four questions that need to be asked before implementing a branding strategy. The first of course is whether to brand the product vs, a no brand decision. The second decision would be to use a manufacturers brand vs. a private label strategy. The third question entails whether to go with a single brand vs. multiple brands. The final decision is to decide whether to brand in a local market or a global market or a combination of both. Branding in a global market is much more complicated than branding in a local market. When branding in a global market. Culture becomes a major consideration. It is generally wise to chose countries that have similar or closely related cultures and, or language skills to expand your brand globally. International marketing is the last frontier of the marketing discipline. International marketing is yet to be fully explored but is being increasingly tested to reach an ever growing sea of future consumers.…

    • 1512 Words
    • 7 Pages
    Better Essays
  • Good Essays

    The exchanges globalization brings opportunities to companies, but also challenges. The standardization of certain aspects of the everyday life as for example the cinema or the restoration, does not exfoliate the differences between the cultures. People like their culture, and their roots. The local consumers want to mark their difference. They want to continue to choose according to their culture and their history. Some companies adapt their promotion strategy for meeting the needs of a specific population. For this study we will see the example of Kit-Kat, for judging if this multinational adapts itself to the culture of each country. In order to answer this question we will see in a first part an analysis of three advertisements of different countries, then a video case in Japan. And finally a comparison between these two types of strategy.…

    • 1461 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Strategy Planning

    • 5308 Words
    • 18 Pages

    The globalization has huge impact on the attitude and behaviour of the customers, clients and consumers as they want more quality high brand, goods and services at compatible prices. Firms compete for customers, and management formulate strategic plans to enhance the quality, brand strength and brand image of goods and services to achieve organizational goals and objectives and to achieve sustainable competitive advantage. Organizations want to have innovative creative, challenging, and strategic work force which formulate strategic plans establish goals and objectives obtain, allocate, distribute and utilize scarce resources in the best possible manner to achieve goals and objectives effectively and create brand image, brand loyalty through enhancement in the quality of goods and services and achieve sustainable competitive advantage and create value for all the stakeholders. The managers have to anticipate the changing needs of the customers through effective market, customers, competitors, and internal external environment analysis, and formulate strategies to achieve strategic targets through quality enhancement of goods and services meeting the changing needs and wants of the customers.…

    • 5308 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Quelch, J.A. and Hoff, E.J. (1986). Customizing global marketing. In: Global Marketing Management- Cases and Readings, 3rd edition (R.D. Buzzell, J.A. Quelch, and C.A. Bartlett). USA: Addison-Wesley Publishing Company.…

    • 3077 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Brand Analysis Lufthansa

    • 5756 Words
    • 34 Pages

    Fall 2014 Brand Management - Lufthansa Tongji University Shanghai Marketing in China – 2040168 Ioannis Assiouras Patrick Layer – patrick.layer@gmail.com – 88069 Tettnang Germany Table of Contents 1. Overview ............................................................................................................................ 3 a) Passenger Transportation ............................................................................................. 3 b) Logistics .......................................................................................................................... 4 c) MRO-Services ................................................................................................................ 4 d) Catering .......................................................................................................................... 4 e) IT Service ........................................................................................................................ 4 2. Brand history .....................................................................................................................…

    • 5756 Words
    • 34 Pages
    Powerful Essays
  • Powerful Essays

    The global marketing strategy has been significantly impacted by globalisation. The integration of the worlds economy and the breaking down of trade barriers has made it possible for businesses to market their products globally. It opens up a broader market of people with the disposable income to purchase goods and services. When entering an overseas market, a business may need to modify their existing marketing strategy to satisfy the needs and wants of overseas consumers. For example, a business may adopt a customised approach which requires the marketing plan to be customised according to the economic, political and socio-cultural characteristics of the target country. McDonalds is an example of a business which has successfully achieved this. Despite its standardised name, logo and production methods, there are local variations. For example, McDonalds sell beer in France…

    • 988 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Standardisation

    • 9748 Words
    • 39 Pages

    28 Quelch, J. A. & E. J. Hoff (1986). Customizing global marketing. Harvard Business Review 64, 59-68. Quester, P.G. & J. Conduit (1996). Standardisation, centralization and marketing in multinational companies. International Business Review 5:4, 395-421. Rialp, A., J. Rialp & G. Knight (2005). The phenomenon of early internationalizing firms. What do we know after a decade (1993-2003) of scientific inquiry? International Business Review 14:2, 147-166. Roth, M. (1995). Effects of global market conditions on brand image customization and brand performance. Journal of Advertising 14:4, 55-75. Rosen, B. N. (1990). Global products: when do they make strategic sense? Advances in International Marketing Vol. 4: 57-71. Seifert, B. & J. Ford (1989). Are exporting firms modifying their product, pricing and promotion policies? International Marketing Review 6:6, 53-68. Shoham, A. (1996). Marketing-mix standardization: determinants of export performance. Journal of Global Marketing 10:3, 53-73. Shoham, A. (1999). Bounded rationality, planning standardization of international strategy, and export performance: a structural model examination. Journal of International Marketing 7:2, 24-50. Siraliova, J. & J. Angelis (2006). Marketing strategy in the Baltics: standardize or adapt? Baltic Journal of Management 1:2, 169-187. Sorenson, R. & U. Wiechmann (1975) How multinational view marketing standardization. Harvard Business Review 53: 38-47. Sousa, C. & F. Bradley (2008). Antecedents of international pricing adaptation and export performance. Journal of World Business 43, 307-320. Styles, G. & T. Ambler (1994). Successful export practice: the U.K. experience. International Marketing Review 11:6, 23-47. Theodosiou, M. & C. Katsikeas (2001). Factors influencing the degree of international pricing strategy standardization of multinational corporations. Journal of International Marketing 9:3, 1-18. Theodosiou, Marios & Leonidas Leonidou (2003). Standardization versus adaptation of international marketing strategy: an integrative assessment of the empirical research. International Business Review 12:2, 141-171. Terpstra, V. & R. Sarathy (2000). International marketing. Forth Worth, TX: The Dryden Press.…

    • 9748 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    Malboro project

    • 1002 Words
    • 5 Pages

    INTERNATIONAL MARKETING Marlboro Global Marketing Strategy Surgeon General‘s Warning: Smoking kills. 20 CLASS A CIGARETTES Purpose of this presentation: To provide a deeper understanding of Philip Morris‘ strategic efforts behind building Marlboro into a successful global brand by highlighting key strategic decisions from the past as well as characteristics of the current global brand strategy. AGENDA 1.…

    • 1002 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    hua wei business

    • 2241 Words
    • 8 Pages

    Medina, J.F. & Duffy, M. F.(1998). Standardization vs. globalization: a new perspective of brand strategies. Journal of Product & Brand Management, 7(3), 223 – 243.…

    • 2241 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The article “Real differences between local and International Brands: Strategic Implications for international marketers” by Isabelle Schuiling and Jean- Noël Kapferer focuses on the differences between local and international brands in a globalization context. Specifically, the article explains the trend of companies that are concentrating their efforts on developing international brands and are eliminating local brands and whether this is beneficial strategy for companies or not.…

    • 591 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    On the other hand foreign branding is used for advertising and marketing purposes, when a company labels its products or services with a foreign or foreign-sounding name, thus making the customers believe that the good is originated from that particular country. In fact Foreign branding highly builds upon the positive effects of COO. Costumers associate the foreign sounding brand, with its COO’s high quality and/or advanced technology. Especially new, yet unknown brands can use this branding strategy effectively. When customers meeting with a new brand name, they will attach it with a country or region where is might be coming from. Having their opinion and stereotypes connected with that particular country, they will then make their purchase decision highly influenced by their COO perceptions. Companies that use foreign branding are benefiting from a given country’s reputation, positive attributes and image, thus gaining a valuable advantage over domestic products. This association has become a highly important factor regarding costumers globally, COO is considered ‘to make the nine tenth of the magic’. Furthermore it has been found that all products originated form a foreign…

    • 466 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Localization strategy is the process of adapting a product or service to a particular language, culture, and desired local “look-and-feel”. Ideally, a product or service is developed so that localization strategy is relatively easy to achieve. An internationalized product or service is therefore easier to localize. The process of first enabling a product to be localized and then localizing it for different national audiences is sometimes known as globalization. In localizing a product, such details as time zones, money, national holidays, local colour sensitivities, product or service names, gender roles, and geographic examples must all be considered. A successfully localized service or product is one that appears to have been developed within the local culture.…

    • 573 Words
    • 3 Pages
    Good Essays