Ingrid Bernier and Elise Meyer Supervisor: Jean-Charles Languilaire Level: Bachelor Thesis in Business Administration‚ Marketing Key words: Culture‚ international marketing‚ marketing strategies‚ standardization and adaptation Purpose: Compare two strategies‚ standardization and adaptation‚ to show how companies manage cultural differences. Method: Our research method is a descriptive one. Then‚ we collect data from secondary sources such as the books‚ articles‚ journals and studies. Then
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Strategies a Company Use When Marketing Their Products Globally? (Standardization versus Adaptation) In the century‚ when almost every company wants to operate globally and many of them have already been doing it‚ firms face the choice of marketing strategy that provides a success to their product/service in different markets. There are two main marketing strategies‚ standardization and adaptation. And the question “What is better?” worries the companies that are going to act worldwide. I think
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Reasons for product standardization or adaptationThere are countless reasons for which firms standardize or adapt their product‚ but the bottom line is that‚ there is no firm that is at the extreme end of thespectrum of standardization and adaptation. This assertion is supported andevaluated by Gabrielsson (2004:41): “The standardization alternatives are aspectrum ranging from full standardization to an adaptive approach at differentlevels of marketing mix elements. This part tries to pinpoint popular
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2007:201 BACHELOR THESIS Standardization and Adaptation in Television Advertising Jonas Kenntoft Johan Neglén Luleå University of Technology Bachelor thesis Industrial marketing Department of Business Administration and Social Sciences Division of Business Administration and Management 2007:201 - ISSN: 1402-1773 - ISRN: LTU-CUPP--07/201--SE PREFACE PREFACE When we started this journey‚ we had no idea about where we were going to end up. On the way we understood why many people
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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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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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Starbucks Coffee: Standardization and Adaptation Strategy Introduction Starbucks’ Business Concept and History When academics Jerry Baldwin‚ Zev Siegel‚ and Gordon Bowker established Starbucks Coffee Company in 1971‚ their vision of Starbucks was that of a local business specialising in “selling fresh roasted whole beans in ...specialty stores.” (Darguste et al.‚ 2006 p.655). Fearing commoditization of the brand‚ the founders were opposed to the idea of broadening the appeal of Starbucks
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Starbucks Coffee Company: An Integrated Marketing Communications Plan April 2006 Prepared for: Starbucks Coffee Company W. H. Evans Prepared by: Sophie van der Vecht Neni Pogarcic Hidde van der Dussen Tim Ensing Dan Mackinnon Lucia Suchankova Table of Contents Executive Summary .................................................................................................................3 Introduction ..................................................................................
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Standardization of a NaOH Solution with Potassium Hydrogen Phthlate (KHP) Name:________________________________________________________________ Period:_____ Prelab 1. A 0.8234-g sample of "KHP" required 38.76 mL of NaOH for titration to the phenolphthalein endpoint. What is the exact molarity of the NaOH solution? 2. A 25.00-mL aliquot of an unstandardized HCl solution is titrated with the previously standardized NaOH solution from #1 above. If 32.55 mL of NaOH titrant
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1.0 Introduction The Swedish home furnishing retailer IKEA was founded by Ingvar Kamprad in the region of Smaland in Sweden in 1943 (Hultman‚ et al.‚ 2011). It is regarded as one of the most respected and reliable companies in Sweden (Gronvius‚ Lernborg‚ 2009). Today‚ IKEA is a global company which has operations in 41 countries around the world for over six decades. It has 29 trading offices located in 25 countries and the remaining 16 countries are 11 customer distribution centers and 26 distribution
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