|
||||||
|
||||||
|
||||||
Globalization/Localization in International Marketing Article Abstracts Waterfalls or Sprinklers
The Regional Solution The Forgotten Strategy Travellers tales Globally challenged Marketing Mix and the Internet Cross-border Collaboration Localizing the global Choosing Between Globalization and Localization Adapting Export Business Relationships Field Marketing Dancing to the Beat of a Different Drummer Service Quality in Grocery Retailing Go Global International Marketing Research Mattel Plans to Double Sales Abroad Social Expressions/Greeting Card Industry How Americans Win in Asia Serving Global Customers Myth and Marketing in Japan International Brand-Name Standardization/Adaptation: Antecedents and Consequences Characteristics of the Product Standardization/ Adaptation in the International Environment A Study of Marketing Mix Adaptation in Multinational Firms Standardization versus adaptation of international advertising strategies: Towards a framework Global business strategy: A contingency approach Toward a new global strategy - B-School Brain Trust/Advice from Anderson Effects of global market conditions on brand image customization and brand performance Life and death with a foreign distributor Globe trotting - overseas business opportunities for the US food industry Connecting with the Japanese customer - US exporters; customer service and satisfaction - News and Views from Japan The long farewell: Peugeot' departure from the U.S. market Globalization, entrepreneurship, and public policy: A systems view Trends and Development in Standardization Adaptation Research. International advertising strategy: A review, reassessment and recommendation. Characteristics of the Product Standardization/ Adaptation in the International Environment. Standardized/adaptation of international marketing strategy: Necessary conditions for the advancement of knowledge Understanding the new bases for global market segmentation Local market info eases standardization Culture-sensitive adaptation or global standardization - the duration-of-usage hypothesis Standardization versus adaptation of international marketing strategy: an integrative assessment of the empirical research. The international advertising practices of multinational companies: A content analysis study. The Perennial Issue of Adaptation or Standardization of International Marketing Communication: Organizational Contingencies and Performance. Educator insights: Standardization or adaptation of the international marketing mix: The role of... Advertising in Asia: Localize or Regionalize? The limits of global strategy. The effects of transfer of marketing methods on export performance: an empirical examination. Standardization versus adaptation of international marketing strategy: An empirical investigation Participation in the International Marketplace by US Manufacturing Firms International Advertising Messages: To Adapt or Not to Adapt (That Is the Question) Is Standardisation of Marketing Feasible in Culture-Bound Industries? A European Case Study Customizing Global Marketing Global Standardization -- Courting Danger Organizational Adaptation to International Marketing Standardization not standard for global marketers How Can Multinationals Best Roll Out New Products in Different Markets? Hubert Gatignon , Christophe Van den Bulte Cambridge University Press, 2004 Many multinationals are increasingly using a "big bang" approach to product launches in their various markets around the world. With increased global competition, intensified market integration, and other such factors increasingly a global reality, the so-called "sprinkler" strategy of entering all markets simultaneously, while still rare, is becoming increasingly popular. As markets continue to globalise and buying power in many emerging nations improves, regarding countries as stand-alone markets appears much less logical for many MNCs. Most multinationals, however, still prefer the "waterfall" approach of introducing their new products into developed economies first, then gradually letting them "trickle down" to less affluent markets. INSEAD Chaired Professor of Business Administration Hubert Gatignon and Christophe Van den Bulte of the Wharton School consider why the current evolutionary trends would seem to favour increasing support for sprinkler-style market entries. They begin their analysis with a consideration of the three primary ways in which many multinationals now consider market segmentation: Clustering countries based on country factors involves determining which states are the most similar, based on macroeconomic variables. This offers the advantages of being relatively straightforward, and of allowing firms to rely on easily accessible statistics. Clustering individual customers is far closer to traditional market segmentation practices, and involves searching for differences and similarities among consumers - as opposed to among countries - quite possibly across national borders. Clustering countries based on diffusion patterns essentially consists of classifying countries according to the ways in which their citizens typically accept new products. Being able to ascertain such diffusion patterns can greatly help a firm develop appropriate targeting and sequencing strategies. The third approach is the target of the authors' main focus, and they go into extensive detail about how corporations are now increasingly using very sophisticated methods to apply it. Gatignon and Van den Bulte also analyse more basic, but equally critical considerations, such as how corporations may decide which markets to enter; what the sequence of entry should be; how spillover effects across countries can affect entry strategies, or even if such effects actually exist in any meaningful way. Naturally, commitment to a corporation's chosen market rarely comes cheap. Product launches demand a lot of resources while increasing risks. The authors discuss the various ways that risk can be raised or lowered, including via pricing, product adaptation and sales force deployment. The critical roles of distribution channels and product standardisation decisions are also examined in depth. The regional solution: Triad strategies for multinationals Alan M Rugman. Business Horizons. Greenwich: Nov/Dec 2003.Vol. 46, Iss. 6; pg. 3 Subjects: Multinational corporations, Strategic planning, Market strategy, Globalization Classification Codes 9190, 9520, 2310, 7000 Locations: United States, US Author(s): Alan M Rugman Document types: Feature Publication title: Business Horizons. Greenwich: Nov/Dec 2003. Vol. 46, Iss. 6; pg. 3 Source type: Periodical ISSN/ISBN: 00076813 ProQuest document ID: 440043181 Document URL: http://proquest.umi.com/pqdweb?did=440043181&sid=2&Fmt=2&cli entId=9338&RQT=309&VName=PQD Abstract (Document Summary) As recent research reveals, globalization is, in reality, a myth. Global market are not becoming homogenized. There are only a handful of MNEs in the Fortune 500 that can be called purely "global" - essentially defined as able to sell the same produce and/or services all around the world. Increasingly, European, North American, and Asian MNEs will continue to dominate international business, earning 70% or more of their profits in their home region of the Triad - Asia, the European Union and North America. This has major implications for business, Top managers need to design triad-based rather than global strategies. Only in a few sectors, such as electronic electronics, is a global economic integration strategy viable. Government regulations and cultural different are also major favors to be taken into account. Inter-block business is likely to be restricted by government-imposed entry barriers. Pankaj Ghemawat. Harvard Business Review. Boston: Nov 2003.Vol. 81, Iss. 11; pg. 76 Subjects: Globalization, Diversification, Market strategy, Strategic management Classification Codes: 7000, 9510, 9190, 2310 Locations: United States, US Author(s): Pankaj Ghemawat Publication title: Harvard Business Review. Boston: Nov 2003. Vol. 81, Iss. 11; pg. 76 Source type: Periodical ISSN/ISBN: 00178012 ProQuest document ID: 432112261 Document URL: http://proquest.umi.com/pqdweb?did=432112261&sid=2&Fmt=2&cli entId=9338&RQT=309&VName=PQD Abstract (Document Summary) In many if not most cases, companies see globalization as a matter of taking a superior business model and extending it geographically, with necessary modifications, to maximize the firm's economies of scale. No matter how they balance localization and standardization, all companies that view global strategy in this way focus on similarities across different countries. Differences from country to country are viewed as obstacles that need to be overcome. The scope for arbitrage is as wide as the differences that remain among countries. Various types of arbitrage are considered in turn to examine both the traditional and less obvious ways companies can apply arbitrage strategies to exploit differences. New opportunities for cultural arbitrage are appearing all the time. The best-known type of economic arbitrage is the exploitation of cheap labor. It is possible to apply different strategies to different elements of a business.
Jane Simms. Marketing. London: Oct 23, 2003. pg. 37
Subjects: Globalization, Expansion, Restaurants, Retail stores, Market strategy, International markets, Manycompanies
Classification Codes 8380, 8390, 7000, 9180
Author(s): Jane Simms
Document types: Feature
Section: Branding
Publication title: Marketing. London: Oct 23, 2003. pg. 37
Source type: Periodical
ISSN/ISBN: 00253650
ProQuest document ID: 440331691
Text Word Count 1298
Document URL: http://proquest.umi.com/pqdweb?did=440331691&sid=2&Fmt=3&cli entId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
Pret A Manger's recent decision to curb its plans for expansion in the US is a potent reminder of the risks companies take when entering a new territory. Of course, many US brands have successfully expanded globally. Companies such as Coca-Cola, McDonald's and IBM took advantage of converging consumer tastes to sell their products into rapidly expanding global markets. Yet the past few years have seen a backlash against such globalization. Falling sales have forced McDonald's to introduce all manner of regional variations to its menu - beer in France and fruit, salad and grilled chicken to more health-conscious markets. The anti-globalization movement, compounded by a post-Iraq anti-US mood in many regions of the world, has resulted in a trend toward what Added Value director Tony Franco calls "localization," especially in food. But other companies that have traditionally followed a very local approach are becoming more global in their operations. Unilever's Home and Personal Care division, for example, recently streamlined its brand portfolio to focus on 22 global brands.
Julian Bright. Communications International. London: Nov 2002. pg. M4, 2 pgs
Locations: United States, US
Author(s): Julian Bright
Document types: Feature
Publication title: Communications International. London: Nov 2002. pg. M4, 2 pgs
Source type: Periodical
ISSN/ISBN: 03052109
ProQuest document ID: 252150831
Text Word Count 1141
Abstract (Document Summary)
The global brand-building efforts of mobile operators such as Vodafone, Orange and T-Mobile will count for little if they are not backed up by services that meet customers' expectations. But with networks scattered around the world, operators building high levels of brand awareness risk creating expectations that they may have difficulty fulfilling, given the diversity of their global empires. The characteristics of the local operating coapnies can create problems for the operator's global branding strategy. As part of their move into the mobile data world, most operators are installing some form of end-to-end infrastructure to deliver services and incorporate functions such as billing, provisioning and call centre applications. A common service delivery platform with servcies taht work across different entities remains the ultimate goal, but at the moment, copanies ar still building the local infrastructure taht will bring global service delivery capability over time.
Marketing Mix and the Internet: Globalisation or Adaptation
Natalia Vila Lopez. Journal of Euro - Marketing. New York: 2004.Vol. 13, Iss. 4; pg. 31
Subjects: Internet, Market strategy, Brands, Globalization, Expansion, Studies
Classification Codes 5250, 7000, 9180, 9130, 9190, 9173
Locations: Mexico, United States, US
Author(s): Natalia Vila Lopez
Document types: Feature
Publication title: Journal of Euro - Marketing. New York: 2004. Vol. 13, Iss. 4; pg. 31
Source type: Periodical
ISSN/ISBN: 10496483
ProQuest document ID: 785170691
Document URL: http://proquest.umi.com/pqdweb?did=785170691&sid=2&Fmt=2&cli entId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
The scope of the present paper addresses the relationship between corporate expansion on an international scale and the dissemination of the marketing mix of leading brands via the Internet and whether this results in more efficient business adaptability in the various commercial scenarios. The present study takes another look at the standardization-localization debate and analyses the online marketing mix decisions in an international context. An analysis of the web pages of leading brands presented simultaneously in both the American and Spanish markets allows us to compare the extent to which the nature of these two markets can be understood. [PUBLICATION ABSTRACT]
Steven M Worth, Greg Balestrero. Association Management. Washington: Nov 2003.Vol. 55, Iss. 11; pg. 36
Subjects: International markets, Associations, Globalization, Market strategy, Cultural differences
Classification Codes 9540, 9180, 7000, 2310
Author(s): Steven M Worth, Greg Balestrero
Document types: Feature
Publication title: Association Management. Washington: Nov 2003. Vol. 55, Iss. 11; pg. 36
Source type: Periodical
ISSN/ISBN: 00045578
ProQuest document ID: 483120941
Text Word Count 3703
Document URL: http://proquest.umi.com/pqdweb?did=483120941&sid=2&Fmt=4&cli entId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
Americans are known for their marketing savvy; however, when it comes to selling internationally, they tend to ignore the primary marketing rule that they follow religiously at home: Know their customers, and give them what they want. In this climate, the challenge for international marketers is to identify the individuality in any given place. Because associations, more than any other type of organization, depend on consensus building and sensitivity to market trends, they are positioned to take a lead in this area. Global localization is more than a slogan; it is the key to success for international marketing. Identifying market needs is about working with people within the given market to discover those needs.
Ian Weber. Gazette. Deventer: Jun 2003.Vol. 65, Iss. 3; pg. 273
Subjects: Globalization, Market economies, Global economy, Market strategy, Television programming, Television broadcasting, Regulation
Locations: China
Author(s): Ian Weber
Document types: Feature
Publication title: Gazette. Deventer: Jun 2003. Vol. 65, Iss. 3; pg. 273
Source type: Periodical
ISSN/ISBN: 00165492
ProQuest document ID: 347595591
Text Word Count 7735
Document URL: http://proquest.umi.com/pqdweb?did=347595591&sid=2&Fmt=2&cli entId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
Globalization of Asian markets has focused attention on the flow of western cultural products into Asian countries as they attempt to manage global economics at a local level. Countries such as Singapore, Malaysia and China have responded to what is deemed western cultural hegemony by initiating protectionist media policies to limit perceived negative influences of foreign cultural imperialism on their societies and maintain appropriate levels of cultural autonomy. China, in particular, introduced a raft of media and cultural policy changes throughout the mid- and late 1990s in preparation for its entry into the World Trade Organization (WTO) in November 2001, as a way of balancing modernization and tradition under the banner of 'spiritual civilization'. The key to these strategies is the limiting inappropriate western cultural products, while simultaneously strengthening its domestic television industry through a range of strategies, including the selective importation of products from culturally sensitive overseas Chinese and favoured western television programme suppliers. This article examines the strategies employed from 1995-2002 by four television operators (CETV, AOL Time Warner, News Corporation and MTV) to access China's highly regulated mediascape. These strategies are defined by the common element of localization, which links into the main tenets of the Chinese government's spiritual civilization programme. However, these localizing strategies manifested in many and varied ways, as organizations attempted to adhere to the government's discursive construction of 'common cultural tradition' and 'common economic philosophy'. The success in forging the local (values) with the global (economics) relies on the government's ability to create, mediate and sustain social perceptions of Chinese modernity through the discursive construction of what Appadurai refers to as 'imagined worlds'. Today, the concept of an 'imagined China' is reflected in the flexible frameworks found in China's current cultural and economic management models, evoked through the formalisation and implementation of spiritual civilization and which manifest within government media policy and regulations.
Sangeeta Ramarapu, John E Timmerman, Narender Ramarapu. Journal of Marketing Theory and Practice. Statesboro: Spring 1999.Vol. 7, Iss. 2; pg. 97, 9 pgs
Subjects: Studies, Statistical analysis, Decision making models, Market planning, Market strategy, Globalization, Market research, Culture, Effects, International markets
Classification Codes 9190, 9180, 9130, 2600, 7100, 2310
Locations: United States, US
Author(s): Sangeeta Ramarapu, John E Timmerman, Narender Ramarapu
Document types: Feature
Publication title: Journal of Marketing Theory and Practice. Statesboro: Spring 1999. Vol. 7, Iss. 2; pg. 97, 9 pgs
Source type: Periodical
ISSN/ISBN: 10696679
ProQuest document ID: 46794913
Text Word Count 4898
Document URL: http://proquest.umi.com/pqdweb?did=46794913&sid=1&Fmt=4&clie ntId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
In choosing between the bipolar strategic orientations of globalization and localization in the international marketplace, the organization can gain insights by scrutinizing the place, people, and product implications of the environment. A study examines critical factors which, taken together, suggest a fit between strategic thrust and target cultural dynamics and offers a model to facilitate selection of the best approach.
Title:
Adapting export business relationships: The Greek experience in the UK Katsikeas, Constantine S, Piercy, Nigel F. Marketing Intelligence & Planning. Bradford: 1993.Vol. 11, Iss. 2; pg. 22, 6 pgs Subjects: Suppliers, Studies, Statistical analysis, Manufacturers, Exporters, Attitude surveys, Alliances, Adaptation Classification Codes 9175, 9130, 8600, 7100, 1300 Locations: UK, Greece Author(s): Katsikeas, Constantine S, Piercy, Nigel F Publication title: Marketing Intelligence & Planning. Bradford: 1993. Vol. 11, Iss. 2; pg. 22, 6 pgs Source type: Periodical ISSN/ISBN: 02634503 ProQuest document ID: 616142 Text Word Count 4244 Document URL: http://proquest.umi.com/pqdweb?did=616142&sid=1&Fmt=3&client Id=9338&RQT=309&VName=PQD Abstract (Document Summary)
To examine the character and magnitude of adaptations made by indigenous Greek export manufacturing firms in their working partnerships with UK importers and to assess the degree of these exporters' satisfaction with the overall adaptations made in the relationship, a sample of 53 Greek export manufacturing firms was examined. A questionnaire included 5-point scales for participant responses. Results suggest that these Greek manufacturers were involved in considerable levels of modification in most marketing and organizational aspects of their relationships with UK importers. High levels of satisfaction with the overall adaptation made in this relationship were reported. However, it was found that in some areas, such as promotion and marketing research, Greek firms were involved in insufficient modification or adaptation, with negative repercussions on the development of the trading association. UK importers could help their Greek supplying counterparts to understand market requirements and marketing practices in the UK.
Field Marketing: Farming foreign fields
Marketing Week. London: Sep 16, 2004. pg. P.45
Subjects: International markets, Market entry, Strategic planning, Marketing, Advertising agencies
Classification Codes 9175, 9180, 7000, 2310, 8301
Locations: United Kingdom, UK
Document types: General Information
Publication title: Marketing Week. London: Sep 16, 2004. pg. P.45
Source type: Periodical
ISSN/ISBN: 01419285
ProQuest document ID: 695208821
Text Word Count 1510
Document URL: http://proquest.umi.com/pqdweb?did=695208821&Fmt=3&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
The UK field marketing industry has grown into a L667 million business as more brands search for innovative ways to ensure their consumers can - and do - buy their products. On the back of this success, some of the more ambitious agencies are transferring their sampling, merchandising and brand experience skills overseas to help clients run European and global retail in-store campaigns. However, adapting for an international market an activity which has worked well in UK supermarkets from Blackpool to Bournemouth is rarely straightforward. There can be significant differences in retail and social cultures to overcome, while language barriers and unfamiliar working practices and regulations must also be taken into account.
Dancing to the Beat of a Different Drummer Corrie MacLaggan. Business Mexico. Mexico City: Apr 2004.Vol.14, Iss. 4; pg. 40, 2 pgs Subjects: Breweries, Cultural differences, International markets, Adaptation, Market strategy, Corporate identity
Classification Codes 7000 Marketing, 1220 Social trends & culture, 8610 Food processing industry, 9173 Latin America, 2420 Image
Locations: Mexico
Companies: Grupo Modelo SA de CV (NAICS: 312120 )
Author(s): Corrie MacLaggan
Document types: News
Publication title: Business Mexico. Mexico City: Apr 2004. Vol. 14, Iss. 4; pg. 40, 2 pgs
Source type: Periodical
ISSN/ISBN: 01871455
ProQuest document ID: 627748561
Text Word Count 1087
Document URL: http://proquest.umi.com/pqdweb?did=627748561&Fmt=3&clientId=9338&RQT=309&VName=PQD
Abstract (Document Summary)
Mexican companies of all sizes that have found success overseas said their secret is adapting their business strategy for the local culture while retaining the quality - and, in some cases, the "Mexicanness" - of their product. Many Mexican companies are rapidly expanding in foreign markets. And as the global economy seems to be recovering, more Mexican companies will likely push ahead with globalization strategies. Mexican beer maker Grupo Modelo is certainly making global plans. The company, which began exporting beer in 1980, now sells at least one of its 10 brands in 150 countries. But Grupo Modelo is careful to maintain its identity as a Mexican brewer. Even as the company builds a malting facility in Idaho, its leaders vow to continue brewing and bottling their beer in Mexico.
Service Quality in Grocery Retailing: The Study of a Japanese Supermarket in Hong Kong Noel Y M Siu, Donald K H Chow. Journal of International Consumer Marketing. New York: 2003.Vol. 16, Iss. 1; pg. 71
Subjects: Quality of service, Grocery stores, Studies, Customer satisfaction, Discriminant analysis
Classification Codes 8390, 9179, 9130, 2400
Locations: Hong Kong, Japan
Author(s): Noel Y M Siu, Donald K H Chow
Document types: Feature
Publication title: Journal of International Consumer Marketing. New York: 2003. Vol. 16, Iss. 1; pg. 71
Source type: Periodical
ISSN/ISBN: 08961530
ProQuest document ID: 546531431
Document URL: http://proquest.umi.com/pqdweb?did=546531431&Fmt=2&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary) It is argued that adapting services to foreign markets is more difficult than adapting tangible products, but current measures of service quality of retail grocery in the global market are scarce. A Retail Service Quality instrument is adopted to examine the service quality of a Japanese supermarket in Hong Kong and its impact on customer satisfaction and future consumption behavior. Five service dimensions emerged in the study. They are namely, Personal Interaction, Trustworthiness, Physical Aspect, Policy and Reliability. Of these dimensions, Personal Interaction and Physical Aspect are shown to be the salient elements in determining customer satisfaction and future consumption behavior. Implications and recommendation for retailers are discussed.
Terry Cooper. Franchising World. Washington: May/Jun 2002.Vol.34, Iss. 4; pg. 24, 2 pgs
Subjects: Franchising, Globalization, Guidelines, International markets
Classification Codes 9180 International, 9150 Guidelines, 9190 United States, 1300 International trade & foreign investment
Locations: United States, US
Author(s): Terry Cooper
Document types: General Information
Publication title: Franchising World. Washington: May/Jun 2002. Vol. 34, Iss. 4; pg. 24, 2 pgs
Source type: Periodical
ISSN/ISBN: 10417311
ProQuest document ID: 119682540
Text Word Count 941
Document URL: http://proquest.umi.com/pqdweb?did=119682540&Fmt=4&clientId=9338&RQT=309&VName=PQ
Abstract (Document Summary)
International consumers are embracing franchise concepts because they want access to products offered through established brands, and as a result many of the nation's largest franchises have found homes in international markets. From fast food to hotels to haircuts, whether you are in Texas or Tokyo, you can find the same familiar service. Going global with your franchise means growing your brand and adapting your business to foreign customs and practices. Start thinking ahead for a global tomorrow. Guidelines include: 1. Build your brand. 2. Join the World Wide Web. 3. Understand international markets and be flexible. 4. Take a proactive approach. 5. Got to get global.
International marketing research: A management briefing
Tim R V Davis, Robert B Young. Business Horizons. Greenwich: Mar/Apr 2002.Vol. 45, Iss. 2; pg. 31
Subjects: Market research, International, Disadvantages, Guidelines
Classification Codes 9180, 7100, 9150
Author(s): Tim R V Davis, Robert B Young
Document types: Feature
Publication title: Business Horizons. Greenwich: Mar/Apr 2002. Vol. 45, Iss. 2; pg. 31
Source type: Periodical
ISSN/ISBN: 00076813
ProQuest document ID: 114479859
Document URL: http://proquest.umi.com/pqdweb?did=114479859&Fmt=2&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
Many firms expand globally with little marketing research. But noteworthy business failures have occurred that could have been prevented with a minimal amount of study. Products and marketing campaigns usually need to be adapted overseas. The same is true for marketing research methods. Accepted approaches to conducting research are based on methods that were developed to study the US market. Different conditions overseas, however, especially in emerging markets, make these methods difficult to apply. A look at typical problems in conducting research overseas can help in developing some guidelines for adapting methods in foreign countries.
Mattel Plans To Double Sales Abroad
By Lisa Bannon. Wall Street Journal. (Eastern edition). New York, N.Y.: Feb 11, 1998. pg. 1
Subjects: Strategic planning, Retail sales, International markets
People: Barad, Jill Elikann
Companies: Mattel Inc
Author(s): By Lisa Bannon
Document types: News
Publication title: Wall Street Journal. (Eastern edition). New York, N.Y.: Feb 11, 1998. pg. 1
Source type: Newspaper
ISSN/ISBN: 00999660
ProQuest document ID: 26140426
Text Word Count 681
Document URL: http://proquest.umi.com/pqdweb?did=26140426&Fmt=3&clientId=9 338&RQT=309&VName=PQD
Abstract (Document Summary)
Mattel Inc. plans to double its international sales over the next five years as part of a new strategy aimed at world-wide growth, according to Chairman and Chief Executive Jill Barad.
In an interview at the American International Toy Fair in New York, Ms. Barad disclosed that the strategy includes producing toys for individual foreign markets rather than simply adapting U.S. products, revamping the company's management structure to focus more aggressively on overseas sales and linking bonus incentives for employees to international growth targets.
The changes follow a six-month study of Mattel by Boston Consulting Group to determine key markets and product areas for growth. The study identified a potential $6 billion in additional sales growth over the next five years for Mattel by increasing the size of the toy market and Mattel's market share. Two-thirds of that growth should come from Japan and Europe, and less than a quarter from U.S. and Latin America, Ms. Barad said.
Social expressions/greeting card industry: anatomy of an international marketing strategy Berkowitz, David, Hill, John S.. The Journal of Product and Brand Management. Santa Barbara: 1996.Vol. 5, Iss. 1; pg. 40 Subjects: Brand image, Marketing, International markets, Market planning Classification Codes 2420, 7000, 1300 Author(s): Berkowitz, David, Hill, John S. Document types: Feature Publication title: The Journal of Product and Brand Management. Santa Barbara: 1996. Vol. 5, Iss. 1; pg. 40 Source type: Periodical ISSN/ISBN: 10610421 ProQuest document ID: 115725336 Text Word Count 5321 Document URL: http://proquest.umi.com/pqdweb?did=115725336&Fmt=3&clientId= 9338&RQT=309&VName=PQD Abstract (Document Summary)
Kraar, Louis. Fortune. New York: Oct 7, 1991.Vol.124, Iss. 8; pg. 133, 5 pgs Subjects: Product development, Market strategy, Market penetration, Manycompanies, Long term planning, Joint ventures, Foreign investment, Foreign operations of US corporations Author(s): Kraar, Louis Publication title: Fortune. New York: Oct 7, 1991. Vol. 124, Iss. 8; pg. 133, 5 pgs Source type: Periodical ISSN/ISBN: 00158259 ProQuest document ID: 465984 Document URL: http://proquest.umi.com/pqdweb?did=465984&Fmt=2&clientId=9338&RQT=309&VName=PQD
Abstract (Document Summary) Asia poses special challenges for Western business. US companies that have done well in Asia have tailored different strategies to fit their businesses, but all share some common approaches. Commitment and vision for a decade rather than just the next quarter are among the strategies that promote success. Other crucial practices shared by successful US players in Asia include: 1. investing steadily, 2. relying on local managers, 3. striking alliances to obtain capital, and 4. adapting Western products and services to Asian tastes. Hewlett-Packard has just introduced its first Japanese-language computer printer as part of an effective strategy for localizing products. Insurance giant AIG has a distinctive formula for super growth in Asia. While its US identity gives confidence to customers, large numbers of local agents supply the personal rapport essential for selling to Asians.
Koepfler, Edward R.. Systems 3X World & AS World. Des Plaines: Oct 1989.Vol. 17, Iss. 10; pg. 94, 1 pgs Subjects: Salespeople, Requirements, Markets, International, Computers, Computer industry Classification Codes 9180, 8651, 8302 Author(s): Koepfler, Edward R. Publication title: Systems 3X World & AS World. Des Plaines: Oct 1989. Vol. 17, Iss. 10; pg. 94, 1 pgs Source type: Periodical ISSN/ISBN: 10441239 ProQuest document ID: 1319615 Document URL: http://proquest.umi.com/pqdweb?did=1319615&Fmt=2&clientId=93 38&RQT=309&VName=PQD Abstract (Document Summary) Vendors must organize products to meet market specifications, coordinate operations, standardize prices, and plan and evaluate service networks before trying to sell to a global market. Sales teams must be formed, and sales presentations must illustrate how branches and service networks work together for consistent, quality product support. All payments should be equal to the US dollar, regardless of base currency, to avoid fluctuations in revenues. Products must be capable of adapting to the requirements of global markets, including language differences, local legal requirements, and business practices. Customer support is an essential element of successful foreign business. Business partners should offer modifications and other services with a knowledge of local laws and business requirements. By working in partnership with global companies, a company can be brought into international markets and can learn the nuances of the local business operation from its customers.
Author(s): By Damon Darlin Publication title: Wall Street Journal. (Eastern edition). New York, N.Y.: Apr 6, 1989. pg. 1 Source type: Newspaper ISSN/ISBN: 00999660 ProQuest document ID: 27475269 Text Word Count 1546 Document URL: http://proquest.umi.com/pqdweb?did=27475269&Fmt=3&clientId=9338&RQT=309&VName=PQD
Abstract (Document Summary) This is just a minor example of the marketing myths that surround Japan. These hoary bits of conventional wisdom -- on such matters as setting prices and adapting products for local tastes -- typically shape foreign executives' thinking on how to do business here. Sometimes, too, they spark behavior that seems odd when viewed from the U.S. Indeed, such advice has served to discourage some American and European companies from even bothering to enter the world's second-largest consumer market. In 1987, Brown & Williamson took a chance. It dropped the price for a pack of its Kent cigarettes to 220 yen (about $1.67) from 280 yen, lower even than the 250 yen a pack charged by Japan Tobacco Inc., the country's tobacco monopoly. The price cut -- the first ever for a major imported consumer product here -- was such a striking challenge that it made front-page news in some national Japanese newspapers. Many people figured that Brown & Williamson would take a bath. "A Japanese trading company was concerned that if you dropped the price you'd sell less," Mr. Silverstein recalls. However, Kent became one of the fastest-selling cigarettes in Japan. Other foreign tobacco companies followed suit, as did Japan Tobacco. Foreign companies' market share zoomed from less than 3% to more than 12%.
International Brand-Name Standardization/Adaptation: Antecedents and ConsequencesAref A. Alashban, Linda A. Hayes, George M. Zinkhan, and Anne L. Balazs
Executive Summary Standardization/adaptation is an important issue in globalization. It can affect profits by influencing both sales and costs. The authors propose and empirically test a conceptual framework to explain the antecedents and consequences of a firm’s brand-name standardization/adaptation strategy. The framework uses the structure–conduct–performance paradigm from economics along with Porter’s international factor conditions.
The authors theorize and test four hypotheses, two dealing with the antecedents and two dealing with the consequences of brand-name standardization/adaptation strategy. The authors mailed a questionnaire to 680 corporate marketing executives, and the response resulted in 177 usable replies. The authors evaluated the conceptual model and hypotheses using LISREL 8.0, a structural equation modeling technique.
For antecedents, it appears that firms consider industry structure when choosing their international branding strategy. The research finds that the greater the intensity of competition, buyers, and distribution, the less standard (i.e., the more varied) the brand name is across international markets. One interpretation of this finding is that the higher the intensity of buyers and distribution, the less homogeneous are the market segments. Firms may react to many buyers and intense distribution by providing a variation in the brand name for different quality and price levels offered to the segments.
The research does not support the hypothesis that the greater the differences between home and host country environmental factors, the less standardized is the brand name. It appears that the majority of firms do not incorporate environmental factors of religion, language, education, technology, and the economy when deciding whether to standardize their brand names or adapt them to the environmental conditions of the host countries. The authors propose several explanations of this finding, including the possibility that managers believe that technological advances have overcome the barriers of environmental differences.
For consequences of brand-name standardization/adaptation strategy, the authors find that a firm’s strategy influences executives’ perceptions of corporate costs. The less standardized the brand name, the less are the cost savings of the brand. One of the main rationales of standardization is cost savings, and the research supports this notion.
The research results also indicate that firms perceive a lower sales volume with a modified name than with a standardized brand name. One reason for this result may be the growing number of business and tourism travelers across countries, which creates incentives for firms to standardize their brands, especially in urban areas.
Print ISSN: 1069-031X | Electronic ISSN: 1547-7215 Volume: 10 | Issue: 3 Cover date: Fall 2002 Page(s): 22-48
Characteristics of the Product Standardization/ Adaptation in the International EnvironmentBoris Sustar, April 01, 2004
The involvement of Slovene companies in international marketing is increasing because they can no longer rationally operate solely within the borders of the domestic market. The premise for conducting this survey of Slovene companies was to examine the conditions under which standardization or adaptation of export products occurs. The analysis shows the existence of statistically significant correlations between product standardization or adaptation and various factors, including: 1.) range of export product lines, 2.) quality of exporting goods, 3.) life cycles, 4.) changes in products and brands, 5.) modes of export promotions, 6.) implementation decisions concerning promotion, 7.) export discounts and rebates, 8.) control over distribution channels, 9.) in-house distribution networks, 10.) size of foreign customer base, and 11.) foreign competition. A statistically significant correlation also exists between the standardization or adaptation of products and the standardization or adaptation of promotion and distribution. It was discovered that Slovene companies who export apply average standardization and slight adaptation to their products. Foreign competitors use more extensive standardization in comparison with Slovene companies, thus there exists the potential for greater standardization of Slovene products. Product standardization and thus specialization of production generates more efficient cost structures for export firms.
http://www.westburn.co.uk/search.cfm?do=displayresults&article=986 Journal of International Marketi Title : A Study of Marketing Mix Adaptation in Multinational FirmsProject Leader : Venaik Sunil Sponsor: Indian Institute of Management, Ahmedabad, Year: 2002
Abstract The objective of the project is to study the question of standardization versus adaptation of the international marketing mix in multinational firms. The degree of standardization-adaptation is an important managerial issue for global marketers as it affects the firms' costs, competitive position and performance in international markets. Although the standardization-adaptation issue has been discussed in the international marketing literature, empirical work in the area has been scarce, especially in addressing the standardization-adaptation question in the context of multinational firms. Most empirical studies largely focus on the product and promotion elements of the marketing mix, while ignoring other important aspects of the market programme such as positioning, price, and place, as well as the marketing process such as marketing research, policies and procedures, and human resource management. This study aims to investigate the extent to which MNCs adapt their international marketing activities to serve the diverse needs of customers around the globe.
Standardization versus adaptation of international advertising strategies: Towards a framework
Authors: Papavassiliou N.1; Stathakopoulos V.1 Source: European Journal of Marketing, September 1997, vol. 31, no. 7, pp. 504-527(24) Publisher: Emerald Group Publishing Limited Abstract: In the international marketing literature the issue of advertising standardization has ignited a lively and heated debate among academics and managers alike. However, the decision whether to standardize or not cannot be considered a dichotomous one. Develops a comprehensive framework to capture the relevant factors that determine the selection of the appropriate international advertising strategies and tactics. More specifically, first identifies three broad sets of factors (“local”, “firm” and “intrinsic”) which influence international advertising decisions. Then proposes that the standardization and adaptation of international advertising strategies represent the polar ends of a continuum of transitional stages. Finally, discusses the ways and the degree to which international advertising strategies can be adapted to different situations.
Global business strategy: A contingency approachLemak, David J Multinational Business Review > Spring 1997 This paper attempts to resolve the ongoing debate of standardization versus adaptation by arguing that high performance depends on firms choosing an appropriate global business strategy for their unique set of circumstances. The conceptual framework, developed from theoretical and empirical literature in marketing, organization theory, strategy and international management, is based on the notion of maximizing firm performance through synergy created by proper alignment of critical variables in a holistic contingency approach.
Toward a new global strategy - B-School Brain Trust/Advice from AndersonGeorge S. Yip Chief Executive, The > Jan, 1996 Debunking the one-size-fits-all approach to entering the international marketplace, companies are developing customized strategies that - ironically - put a premiun on standardized products and services.
Effects of global market conditions on brand image customization and brand performanceRoth, Martin S Journal of Advertising > Winter 1995 For many years, marketing and advertising managers and researchers have wrestled with the issue of customizing versus standardizing as strategies for international markets. Managers can achieve economies of scale, message consistency, and the ability to attract common cross-national market segments through the use of global, standardized marketing programs (e.g., Levitt 1983). However, because of significant differences in consumers, cultural and socioeconomic conditions, and market structures, customization to local/national markets may be worth the additional expense (e.g., Douglas and Wind 1987). Although most firms' strategies are somewhere between the extremes of total customization and total standardization (Quelch and Hoff 1986), managers have little empirical evidence indicating when they should customize their marketing programs and how their strategy selection will affect brand performance (e.g., Jain 1989; Szymaneki, Bharadwaj, and Varadarajan 1993).
Life and death with a foreign distributorF. Kingston Berlew Business America > March 5, 1984 Life and Death With A Foreign Distributor
Computer Systems News recently observed that computer industry executives believe distribution is the most important factor in their success and that the difficulty in achieving effective distribution increases dramatically in foreign markets. This observation comes at a time when European market penetration is of critical importance to the electronic and other high-technology industry sectors due both to the rapid growth in European markets and the need to be present in those markets to service U.S. customers. In West Germany alone--where computerization lags U.S. development by five to ten years--the Department of Commerce projects annual sales of computer equipment and peripherals will grow from $3.5 billion in 1980 to $9.3 billion in 1985.
Globe trotting - overseas business opportunities for the US food industry Prepared Foods > April, 1993 A shrinking planet expands business opportunities and new product development for U.S. food companies
The crumbling of the Berlin Wall in 1989 signified the beginning of the end of communism. It also symbolized the destruction of trade borders, opening new opportunities for business. While trade restrictions still exist, they are not keeping food companies from setting up shop throughout the world. And if any industry can call itself global, it is food.
Connecting with the Japanese customer - US exporters; customer service and satisfaction - News and Views from JapanAllan Christian Business America > Oct 4, 1993 Customer service and satisfaction is an important element in any company's business strategy for the Japanese market.
In a highly developed market like Japan, where superior product quality has been achieved in many industry sectors, improving customer relations and meeting rising customer expectations has a significant impact on a company's ability to capture greater market share. The importance of customer service and satisfaction in Japan manifests itself in the attention that Japanese manufacturers devote to producing high-quality products, adapting and continually improving a product to meet the customer's expectations or demands, presenting the product to the consumer in an aesthetically pleasing way, measuring customer satisfaction and soliciting customer suggestions for improving a product or service, and making courtesy calls on distributors and customers to build and cement business relationships. Many U.S. exporters have learned that establishing effective customer service and support networks in Japan is critical for their long-term success in the Japanese market. In Japan, customer support and satisfaction has evolved to a very high level. The long farewell: Peugeot's departure from the U.S. marketJean-Loup Archawski Business Horizons > May-June, 1995 The Peugeot is a French car that "reverently coddles" its owner in a feeling of secure comfort. At its peak in the United States, Peugeot annually sold 20,000 automobiles and gained a following among individuals willing to give the car what one owner called "lots of loving and acceptance of its aggravations." Nevertheless, despite such loyalty, annual sales sank to fewer than 5,000 and the company ultimately abandoned the U.S. market. Globalization, entrepreneurship, and public policy: A systems viewCarlsson, Bo Industry and Innovation > Mar 2003 It has been commonly observed that the activities of firms are becoming increasingly globalized. Not only have exports grown faster than production in the industrialized countries; foreign direct investment (FDI) has also grown considerably faster than exports over the last several decades (UNCTAD 1999). In recent years, an increasing share of FDI by multinational firms has involved research and development (R&D) activities and facilities.
But globalization does not mean that local conditions no longer matter. Surveying the literature, three major findings stand out. First, certain geographic regions are more dynamic and attract more economic activity than others, particularly in highly R&D-intensive industries (Cantwell and Janne 1999). Second, high-technology firms tend to cluster in close proximity to each other (Satiety and Griffin 1996; Sabourin and Pinsonneault 1997; Walcott 1999). Third, regions expend resources competing with each other to attract FDI and are particularly interested in R&D investment (Guisinger 1986; Young et al. 1994; Mudambi 1998).
Trends and Development in Standardization Adaptation Research.
Authors: Waheeduzzaman, A. N. M.1 Dube, Leon F.2
Source: Journal of Global Marketing; 2004, Vol. 17 Issue 4, p23, 30p
Document Type: Article
Subject Terms: *INDUSTRIAL engineering *MARKETING *MARKETING -- Management *MARKETING research *QUALITY control *RESEARCH, Industrial
Author-Supplied Keywords: adaptation content analysis. Standardization
NAICS/Industry Codes54191 Marketing Research and Public Opinion Polling 54171 Research and Development in the Physical, Engineering, and Life Sciences
Abstract: The article reports on trends and development in standardization adaptation (S-A) research in international marketing. The relationship between various product, company, industry, market and environmental variables and the degree of S-A is well documented in the literature. The study investigated the trends and development in standardization adaptation (S-A) research in international marketing using content analysis research technique. Peer-reviewed journal articles were the basic unit of analysis for the study.
Author Affiliations: 1Associate Professor of Marketing, Department of Management and Marketing, College of Business, Texas A & M University-Corpus Christi, Corpus Christi, TX 78412. 2Professor of Marketing and Chair, Department of Management and Marketing, College of Business, Texas A & M University-Corpus Christi, Corpus Christi, TX 78412.
ISSN: 0891-1762
Accession Number: 15399744
Database: Business Source Premier
Title: Export performance as an antecedent of export commitment and marketing strategy adaptation.
Authors: Lages, Luis Filipe1,2 Montgomery, David B.2,3
Source: European Journal of Marketing; 2004, Vol. 38 Issue 9/10, p1186, 29p
Document Type: Article
Subject Terms: *EXPORT marketing *EXPORTS *INDUSTRIAL management *MARKETING *MARKETING strategy
Author-Supplied Keywords: Marketing Strategy Exports Standardization Portugal Organizational performance Stratégie de mercatique Exportations Normalisation Portugal Performance organisationnelle Estrategia de marketing Exportaciones Estandarización Portugal Rendimiento organizacional Marketingstrategje Exporte Standardisierung Portugal Organisationsleistung Language of Keywords: English; French; Spanish; German
NAICS/Industry Codes55 Management of Companies and Enterprises
Abstract (English): This paper argues that performance should be investigated as an independent variable. Using survey data of over 400 managers responsible for the main export ventures of Portuguese SMEs (small and medium exporters), this paper shows that past performance plays a crucial role in building SMEs' commitment to exporting and to the determination of their current marketing strategy. Findings also show that marketing strategy adaptation to the foreign market is particularly noted in firms exporting to the most developed markets, rather than in firms exporting to the most competitive environments. Future international marketing research is encouraged to focus on understanding both the direct and indirect relationships among past performance, firm's commitment to exporting, and current marketing strategy under the influence of external forces. Such a focus has the potential to enrich the theory and generate relevant managerial and public policy implications. [ABSTRACT FROM AUTHOR]
Author Affiliations: 1Faculdade de Economia, Universidade Nova de Lisboa, Lisbon, Portugal. 2Graduate school of Business, Sanford University, California, USA. 3School of Business, Singapore Management University, Singapore.
ISSN: 0309-0566 DOI: 10.1108/0309560410548933
Accession Number: 15066209
Database: Business Source Premier
Title: International advertising strategy: A review, reassessment and recommendation.
Authors: Melewar, T. C.1 Vemmervik, Claes2
Source: Management Decision; 2004, Vol. 42 Issue 7, p863, 19p
Document Type: Article
Subject Terms: *ADVERTISING *BUSINESS enterprises *COMMUNICATION in management *MASS production *QUALITY control *STANDARDIZATION
Author-Supplied Keywords: Standardization International marketing Advertising
NAICS/Industry Codes5418 Advertising and Related Services
Abstract: This paper reviews and critiques the standardization debate in international advertising strategy. First, the paper identifies the standardization, adaptation and compromise schools of advertising including their advantages and disadvantages and then presents some of the contingency models with special focus on variables related to products, customer segments and organization. Then, a number of deficiencies in the academic literature as a whole are presented. The conclusion is that the preferred school of advertising is the compromise school, but that the continuum perspective is of little use to practitioners as they want to know what variables determine the position on the standardization continuum in their sector and whether the level of standardization is increasing or decreasing. [ABSTRACT FROM AUTHOR]
Author Affiliations: 1Warwick Business School, University of Warwick, Coventry, UK 2Foretagsekonomiska Institutet, Stockholm, Sweden
ISSN: 0025-1747
DOI: 10.1108/00251740410550934
Accession Number: 14741055
Database: Business Source Premier
Title: Balancing Standardization and Adaptation for Product Performance in International Markets: Testing the Influence of Headquarters-Subsidiary Contact and Cooperation.
Authors: Subramaniam, Mohan1 Hewett, Keoy2
Source: Management International Review (MIR); 2004 2nd Quarter, Vol. 44 Issue 2, p171, 24p
Document Type: Article
Subject Terms: *INDUSTRIAL engineering *INTERNATIONAL business enterprises *PRODUCT management *PRODUCT design
Abstract: We examine how MNCs balance standardization and adaptation in their international product designs. Specifically, we investigate how inputs from both a firm's head-quarters and its foreign subsidiaries, together, shape the standardization-adaptation balance for the product's superior market performance. Our survey of 128 products in the foreign markets of 62 MNCs reveals that a standardization-adaptation balance, when shaped through face-to face contact between headquarters-subsidiary managers, positively influences product performance. Additionally, headquarters-subsidiary co-operation enhances this influence on performance. [ABSTRACT FROM AUTHOR]
Author Affiliations: 1Assistant Professor of Strategic Management and Global Strategy, Operations, Information and Strategic Management Department, The Wallace E. Carroll School of Management, Boston College, Chestnut Hill, MA, USA. 2Assistant Professor of Marketing, Marketing Department, Moore School of Business, University of South Carolina, Columbia, SC, USA.
ISSN: 0938-8249
Accession Number: 13928294
Database: Business Source Premier
Title: Characteristics of the Product Standardization/ Adaptation in the International Environment.
Authors: Sustar, Boris1 boris.sustar@uni-lj.si
Source: Marketing Review; Spring2004, Vol. 4 Issue 1, p47, 25p, 2 charts
Document Type: Article
Subject Terms: *COMMERCIAL products *EXPORT marketing *PRODUCT management *QUALITY control *STANDARDIZATION *MARKETING strategy
Author-Supplied Keywords: international environment marketing mix product price communication distribution competition standardisation adaptation international marketing
NAICS/Industry Codes339 Miscellaneous Manufacturing
Abstract: The involvement of Slovene companies in international marketing is increasing because they can no longer rationally operate solely within the borders of the domestic market. The premise for conducting this survey of Slovene companies was to examine the conditions under which standardization or adaptation of export products occurs. The analysis shows the existence of statistically significant correlations between product standardization or adaptation and various factors, including: 1.) range of export product lines, 2.) quality of exporting goods, 3.) life cycles, 4.) changes in products and brands, 5.) modes of export promotions, 6.) implementation decisions concerning promotion, 7.) export discounts and rebates, 8.) control over distribution channels, 9.) in-house distribution networks, 10.) size of foreign customer base, and 11.) foreign competition. A statistically significant correlation also exists between the standardization or adaptation of products and the standardization or adaptation of promotion and distribution. It was discovered that Slovene companies who export apply average standardization and slight adaptation to their products. Foreign competitors use more extensive standardization in comparison with Slovene companies, thus there exists the potential for greater standardization of Slovene products. Product standardization and thus specialization of production generates more efficient cost structures for export firms. [ABSTRACT FROM AUTHOR]
Author Affiliations: 1University of Ljubljana
ISSN: 1469-347X
Accession Number: 14360249
Database: Business Source Premier
International advertising strategy: A review, reassessment and recommendation
T C Melewar, Claes Vemmervik. Management Decision. London: 2004.Vol. 42, Iss. 7/8; pg. 863
Subjects: Advertising, International, Standardization, Comparative analysis, Studies
Classification Codes 9130, 7200, 9180
Author(s): T C Melewar, Claes Vemmervik
Document types: Feature
Publication title: Management Decision. London: 2004. Vol. 42, Iss. 7/8; pg. 863
Source type: Periodical
ISSN/ISBN: 00251747
ProQuest document ID: 723344301
Text Word Count 8458
Document URL: http://proquest.umi.com/pqdweb?did=723344301&Fmt=2&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
This paper reviews and critiques the standardization debate in international advertising strategy. First, the paper identifies the standardization, adaptation and compromise schools of advertising including their advantages and disadvantages and then presents some of the contingency models with special focus on variables related to products, customer segments and organization. Then, a number of deficiencies in the academic literature as a whole are presented. The conclusion is that the preferred school of advertising is the compromise school, but that the continuum perspective is of little use to practitioners as they want to know what variables determine the position on the standardization continuum in their sector and whether the level of standardization is increasing or decreasing. [PUBLICATION ABSTRACT]
Copyright © 2005 ProQuest Information and Learning Company. All rights reserved.
Standardized/adaptation of international marketing strategy: Necessary conditions for the advancement of knowledge
John K Ryans Jr, David Griffith, D Steven White. International Marketing Review. London: 2003.Vol. 20, Iss. 6; pg. 588, 16 pgs
Subjects: Market strategy, International markets, Adaptation, Standardization, Knowledge management, History
Classification Codes 7000, 9180
Author(s): John K Ryans Jr, David Griffith, D Steven White
Document types: Commentary
Publication title: International Marketing Review. London: 2003. Vol. 20, Iss. 6; pg. 588, 16 pgs
Source type: Periodical
ISSN/ISBN: 02651335
ProQuest document ID: 524384341
Text Word Count 6951
Document URL: http://proquest.umi.com/pqdweb?did=524384341&Fmt=3&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
For over 40 years academicians and practitioners have debated the standardization versus adaptation of international marketing strategy. Despite the importance of, and tremendous interest in the topic, and the volume of scholarly activity this topic has generated, the debate remains unresolved. Why? Here, it is argued that the last 40 years of scholarly research has advanced without a strong underlying theoretical framework. The historical foundations of the standardization/adaptation perspective are presented, followed by a critical evaluation of the field under the guiding framework of the fundamentals of theoretical construction. Suggestions for developing a stronger theoretical foundation, as well as directions for future research are addressed. [PUBLICATION ABSTRACT]
Understanding the new bases for global market segmentation
Salah S Hassan, Stephen Craft, Wael Kortam. The Journal of Consumer Marketing. Santa Barbara: 2003.Vol. 20, Iss. 4/5; pg. 446, 17 pgs
Subjects: International, Market segmentation, Methods, Studies, Statistical analysis, Brand equity
Classification Codes 9190, 7100, 9130, 1300
Locations: United States, US
Author(s): Salah S Hassan, Stephen Craft, Wael Kortam
Document types: Feature
Publication title: The Journal of Consumer Marketing. Santa Barbara: 2003. Vol. 20, Iss. 4/5; pg. 446, 17 pgs
Source type: Periodical
ISSN/ISBN: 07363761
ProQuest document ID: 415923031
Text Word Count 6739
Document URL: http://proquest.umi.com/pqdweb?did=415923031&Fmt=4&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
This study introduces a hybrid approach to segmentation of global markets. It examines an integrated inventory of macro- and micro-bases associated with segmentation of world markets. The paper calls for a universal perspective on market segmentation to aid global marketers in identifying similarities across national boundaries while assessing within-country differences. The main conclusion of this research is augmentation of the argument that a hybrid/universal market segmentation strategy should serve as the conceptual link and action mechanism that provides substance and rationale to striking a trade-off between the two indispensable global strategy ends of standardization and adaptation. This balanced relationship can only be created when focus is devoted to building brand equity through emphasizing a global consumer orientation. [PUBLICATION ABSTRACT]
Local market info eases standardization
Carl Arthur Solberg. Marketing News. Chicago: Aug 19, 2002.Vol. 36, Iss. 17; pg. 18, 2 pgs
Subjects: Advertising, International markets, Market strategy, Polls & surveys, Standardization
Classification Codes 9180, 9175, 7000
Locations: Norway
Author(s): Carl Arthur Solberg
Document types: News
Publication title: Marketing News. Chicago: Aug 19, 2002. Vol. 36, Iss. 17; pg. 18, 2 pgs
Source type: Periodical
ISSN/ISBN: 00253790
ProQuest document ID: 152116651
Text Word Count 904
Document URL: http://proquest.umi.com/pqdweb?did=152116651&Fmt=4&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
In his article, The Perennial Issue of Adaptation or Standardization of International Marketing Communication: Organizational Contingencies and Performance, in the September 2002 issue of the Journal of International Marketing, Carl Arthur Solberg discusses the standardization vs. adaptation issue in international advertising from an organizational perspective, introducing two variables: knowledge of local market conditions at the center (exporter's headquarters level) and headquarters' influence on local marketing decisions. The authors interviewed 150 Norwegian exporters in order to analyze the effect of these two dimensions on performance, standardization and cooperative climate. The results reveal that the two dimensions indeed affect how firms develop their international marketing strategy in this respect. Companies with high local market knowledge (confederation and federation companies) display significantly better performance, giving the advocates of the global standardized approach renewed arguments. Also, knowledge of local market conditions seems to lead to a more standardized approach by firms, notwithstanding the locus of their marketing decisions.
Culture-sensitive adaptation or global standardization - the duration-of-usage hypothesis
Martin van Mesdag. International Marketing Review. London: 2000.Vol. 17, Iss. 1; pg. 74
Subjects: Globalization, Culture, Marketing mixes, International markets
Classification Codes 1300, 1220, 7000
Author(s): Martin van Mesdag
Document types: Feature
Publication title: International Marketing Review. London: 2000. Vol. 17, Iss. 1; pg. 74
Source type: Periodical
ISSN/ISBN: 02651335
ProQuest document ID: 115719102
Text Word Count 5029
Document URL: http://proquest.umi.com/pqdweb?did=115719102&Fmt=3&clientId= 9338&RQT=309&VName=PQD
Abstract (Document Summary)
The dimensions which are relevant in the shaping of strategies for international marketing are identified. The extent to which the marketing mix can be standardized in various different configurations of international marketing is considered. Seven postulations about international marketing and about the standardizability of the marketing mix are presented. A hypothesis about the reason for the huge differences in the internationalizability of products, labelled the duration of usage symptom, is offered. Occasionally there is scope for a cross-cultural leap for products with unpromising antecedents within the hypothesis of the duration of usage symptom.
Title: Standardization versus adaptation of international marketing strategy: an integrative assessment of the empirical research.
Authors: Theodosiou, Marios mariosth@ucy.ac.cy Leonidou, Leonidas C.1
Source: International Business Review; Apr2003, Vol. 12 Issue 2, p141, 31p
Document Type: Article
Subject Terms: *EXPORT marketing MARKETING literature
Author-Supplied Keywords: International marketing strategy Literature review Strategy standardization/adaptation
Abstract: Despite 40 years of debate on international marketing strategy standardization vs adaptation, extant empirical research is too fragmented to yield clear insights. Based on an integrative analysis of 36 studies centering around strategy standardization/adaptation, its antecedents, and performance outcomes, this stream of research was found to be characterized by non-significant, contradictory, and, to some extent, confusing findings attributable to inappropriate conceptualizations, inadequate research designs, and weak analytical techniques. The central conclusion that stems from this analysis is that the decision whether to standardize or adapt the marketing strategy to achieve superior business performance will largely depend on the set of circumstances that a firm is confronted by within a particular foreign market at a specific period of time. [ABSTRACT FROM AUTHOR; Copyright 2003 Elsevier]
Author Affiliations: 1Department of Public and Business Administration, University of Cyprus, Kallipoleos 75, P.O. Box 20537, CY-1678, Nicosia, Cyprus
ISSN: 0969-5931
DOI: 10.1016/S0969-5931(02)00094-X
Accession Number: 9188875
Database: Business Source Premier
Title: The international advertising practices of multinational companies: A content analysis study.
Authors: Harris, Greg Attour, Suleiman
Source: European Journal of Marketing; 2003, Vol. 37 Issue 1/2, p154, 15p, 7 charts, 5 graphs
Document Type: Article
Subject Terms: *ADVERTISING *INTERNATIONAL business enterprises *MARKETING *STANDARDIZATION
Geographic Terms: EUROPE MIDDLE East
NAICS/Industry Codes5418 Advertising and Related Services
Abstract: After over three decades of debate, the issue of international advertising standardisation versus adaptation has not resulted in clear conclusions. Previous research indicated that the practice of total standardisation was the exception rather than the rule. Therefore, it became apparent that analytical focus should be placed more firmly on modified forms of standardisation. To this end, a highly sensitive and objective model was developed and used to obtain detailed and precise comparisons between advertisements deployed in different national markets. The results of this study demonstrate that 'standardisation' is a flexible policy that can be adapted to a range of circumstances and differing market conditions and not a niche policy that is only suitable for certain types of brands in certain types of market. The study also suggests that rather than focusing on the benefits of total adaptation or total standardisation, the debate should focus more on the benefits applicable to the exact forms of standardisation practiced. [ABSTRACT FROM AUTHOR]
ISSN: 0309-0566
Accession Number: 9259327
Database: Business Source Premier
Record: 1
Title: The Perennial Issue of Adaptation or Standardization of International Marketing Communication: Organizational Contingencies and Performance.
Authors: Solberg, Carl Arthur
Source: Journal of International Marketing; 2002, Vol. 10 Issue 3, p1, 21p, 1 diagram
Document Type: Article
Subject Terms: *ADVERTISING *BRAND name products *BUSINESS planning *MARKETING *PRODUCT management
NAICS/Industry Codes5418 Advertising and Related Services
Abstract: The author investigates the standardization/adaptation issue in international advertising from an organizational perspective, introducing two variables: knowledge of local market conditions at the center (exporter/headquarters level) and headquarters' influence on local marketing decisions. The author interviewed 150 Norwegian exporters by mail on their experience in this respect. The results reveal that the two dimensions indeed have some impact on how firms develop their international marketing strategies. Knowledge of local market conditions seems to play an overriding role, leading to a more standardized approach by firms. Not surprisingly, centralized decision power seems to lead to more negative reactions at the intermediary level. In contrast, firms that have a more relaxed stance on the standardization issue and leave the marketing decisions to the local representatives seem to have better relations with these representatives than do other firms. The author discusses implications for global brand management and research. [ABSTRACT FROM AUTHOR]
Full Text Word Count: 7861
ISSN: 1069-031X
Accession Number: 7720726
Database: Business Source Premier
Title: Educator insights: Standardization or adaptation of the international marketing mix: The role of...
Authors:
Source: Journal of International Marketing; 2000, Vol. 8 Issue 1, p78, 21p, 1 chart, 1 diagram
Document Type: Article
Subject Terms: *INTERNATIONAL business enterprises
Abstract: In this article, the author suggests that the standardization versus customization issue in international marketing has important organizational aspects that are often neglected in the literature. The author parts from the traditional culture and economies of scale approaches by introducing a taxonomy of international marketing organizations based on headquarters versus subsidiary decision power and on market knowledge at headquarters. The author then suggests a typology of organizational solutions--local baronies, civil war, confederation, and federation--and describes two case studies to illustrate how firms 'travel' in the model. Finally, the author develops several propositions and discusses managerial implications. [ABSTRACT FROM PUBLISHER]
Full Text Word Count: 8532
ISSN: 1069-031X
Accession Number: 2871049
Persistent link to this record: http://search.epnet.com/login.aspx?direct=true&db=buh&an=2871049
Database: Business Source Premier
Title: Advertising in Asia: Localize or Regionalize?
Authors: Tai, Susan H.C.1
Source: International Journal of Advertising; 1997, Vol. 16 Issue 1, p48, 14p
Document Type: Article
Subject Terms: *ADVERTISING *BUSINESS planning *COMMUNICATION in marketing *INDUSTRIAL publicity *INTERNATIONAL business enterprises
Geographic Terms: ASIA
NAICS/Industry Codes5418 Advertising and Related Services
Abstract: The transfer of international advertising strategies to the Asian market is becoming popular due to rising living standards and the growing similarity of consumer tastes in the region. The main objectives of this article are to investigate whether the multinationals standardize their advertising strategy in the Asian market, to what extent they standardize, and whether they are moving towards a regional advertising approach. The samples chosen for this study are the four Chinese markets: Hong Kong, Taiwan, Singapore and the People's Republic of China, which are all adopting a similar account of advertising standardization and neither a fully standardized nor differentiated strategy is common. The international advertising strategy is only partially standardized on those strategic decisions (such as determination of target segment, positioning, advertising objective and main theme) but not on tactical ones (such as execution style and media buying). Most multinationals are using an adaptation strategy in these markets. However, a significant relationship is found between the party who makes the decisions and the standardization of advertising decisions. Strategic decisions are more likely to be determined jointly by the headquarters and the subsidiary, while the tactical ones are more likely to be determined by the subsidiary alone. There is also an increasing trend for the advertising executives of multinational firms and their advertising agencies to adopt a regional approach in the Asian market. [ABSTRACT FROM AUTHOR]
Author Affiliations: 1Hong Kong Polytechnic University.
ISSN: 0265-0487
Accession Number: 11857829
Database: Business Source Premier
Title: The limits of global strategy.
Authors: Segal-Horn, Susan
Source: Strategy & Leadership; Nov/Dec96, Vol. 24 Issue 6, p12, 6p, 1 diagram
Document Type: Article
Subject Terms: *INTERNATIONAL business enterprises *MANAGEMENT
Abstract: Describes the limits of global strategy by analyzing the management of multinational companies. Difference between `multi-domestic' and `multi-local' international strategies; Global standardization/adaptation debate; Advantages of global operations; Globalization of brands; Impact of regional trading blocs.
ISSN: 1087-8572
Accession Number: 398307
Database: Business Source Premier
Title: The effects of transfer of marketing methods on export performance: an empirical examination.
Authors: Shoham, Aviv Albaum, Gerald
Source: International Business Review; Sep94, Vol. 3 Issue 3, p219, 23p
Document Type: Article
Subject Terms: *BUSINESS planning *MARKETING *MARKETING -- Management *STRATEGIC planning
Abstract: Focuses on the debate about standardization versus adaptation for foreign market which has received increased attention in the literature since the early 1980s. How this increase is due in part to the globalization of markets for many goods and services; Thoughts on the transference of marketing strategies and tactics; How this is especially apparent with regards to empirical studies on this issue; Research that has been done on transference has centered on advertising; Extension of the research base to other elements of the marketing mix and assesses the relations between these elements and performance.
ISSN: 0969-5931
Accession Number: 9222061
Database: Business Source Premier
Standardization versus adaptation of international marketing strategy: An empirical investigation
Szymanski, David M, Bharadwaj, Sundar G, Varadarajan, P Rajan. Journal of Marketing. Chicago: Oct 1993.Vol. 57, Iss. 4; pg. 1, 17 pgs
Subjects: Studies, Standardization, Marketing mixes, Market strategy, International markets, Marketing, International trade, Competition
Classification Codes 9190, 9180, 9130, 7000
Locations: US
Author(s): Szymanski, David M, Bharadwaj, Sundar G, Varadarajan, P Rajan
Publication title: Journal of Marketing. Chicago: Oct 1993. Vol. 57, Iss. 4; pg. 1, 17 pgs
Source type: Periodical
ISSN/ISBN: 00222429
ProQuest document ID: 585220
Text Word Count 10901
Document URL: http://proquest.umi.com/pqdweb?did=585220&Fmt=3&clientId=933 8&RQT=309&VName=PQD
Abstract (Document Summary)
There are 2 aspects relating to standardization of marketing strategy across national markets: 1. standardization of the pattern of resource allocation across marketing mix variables integral to a businsess's marketing strategy, and 2. standardization of the strategy content with respect to individual marketing mix variables. One study addresses empirically the question of the standardization of the pattern of resource allocation among marketing mix variables across national markets. The question is addressed by examining whether competitive strategy and industry structure variables affect market share and business profits similarly or dissimilarly across Western markets. The results reveal that with few exceptions, the effects of competitive strategy and market structure variables generalize across these markets. The study findings provide insights into both the merits of standardizing the strategic resource mix across Western markets and the competitive strategy and market structure variables that are major explanators of business performance across Western markets.
Participation in the International Marketplace by US Manufacturing Firms
Fraser, Cynthia, Hite, Robert E.. International Marketing Review. London: 1990.Vol. 7, Iss. 5; pg. 63, 9 pgs
Subjects: Surveys, Statistical analysis, Market strategy, Manufacturers, Factors, Exporters
Classification Codes 9190, 9130, 8600, 7000, 1300
Locations: US
Author(s): Fraser, Cynthia, Hite, Robert E.
Publication title: International Marketing Review. London: 1990. Vol. 7, Iss. 5; pg. 63, 9 pgs
Source type: Periodical
ISSN/ISBN: 02651335
ProQuest document ID: 1141179
Document URL: http://proquest.umi.com/pqdweb?did=1141179&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
The international marketing practices and foreign sales of US manufacturing firms are examined to identify those marketing variables that are most closely tied to international sales. Questionnaires were obtained from 110 midwestern manufacturing firms that were engaging in international business. Results suggest that few firms advertise internationally, although advertising is an important determinant of foreign sales. This is true even if that advertising in non-English-speaking markets is in English and regardless of its level of standardization. Results also suggest that manufacture abroad is a powerful stimulus to foreign sales that is not matched by the presence of sales offices abroad. Moreover, foreign sales are not significantly influenced by adaptation of products or advertising. Increased growth in foreign sales of standardized products appears to be available to firms that elect to advertise in such markets.
International Advertising Messages: To Adapt or Not to Adapt (That Is the Question)
James, William L., Hill, John S.. Journal of Advertising Research. New York: Jun/Jul 1991.Vol. 31, Iss. 3; pg. 65, 7 pgs
Subjects: Studies, Statistical analysis, Standardization, Multinational corporations, International, Effectiveness, Advertising, Market research
Classification Codes 9510, 9190, 9180, 9130, 7100
Locations: US
Author(s): James, William L., Hill, John S.
Publication title: Journal of Advertising Research. New York: Jun/Jul 1991. Vol. 31, Iss. 3; pg. 65, 7 pgs
Source type: Periodical
ISSN/ISBN: 00218499
ProQuest document ID: 126003
Document URL: http://proquest.umi.com/pqdweb?did=126003&Fmt=2&clientId=933 8&RQT=309&VName=PQD
Abstract (Document Summary)
There often are situation-specific factors that make advertising adaptations necessary even to the most utilitarian of promotions. Many international advertising managers lack guidelines about the sorts of situations where message adaptations are likely and situations where they may be able to standardize. This problem is particularly acute in the consumer nondurable industry. Some 120 subsidiaries of 15 consumer goods multinational corporations (MNC) are surveyed to answer questions concerning the standardization of advertising messages. The results show that, in transfers between 2 markets, the likelihood of maintaining both sales platforms and creative contexts is about one in 3. Findings suggest that advertising standardization opportunities are most likely to occur in less affluent, developing markets.
Is Standardisation of Marketing Feasible in Culture-Bound Industries? A European Case Study
Martenson, Rita. International Marketing Review. London: Autumn 1987.Vol. 4, Iss. 3; pg. 7, 11 pgs
Subjects: Standardization, Market strategy, Manycountries, International, Furniture industry, Cross cultural, Case studies
Classification Codes 9180, 9175, 9170, 9110, 8600, 7000
Locations: Europe
Companies: IKEA AB
Author(s): Martenson, Rita
Publication title: International Marketing Review. London: Autumn 1987. Vol. 4, Iss. 3; pg. 7, 11 pgs
Source type: Periodical
ISSN/ISBN: 02651335
ProQuest document ID: 1141100
Document URL: http://proquest.umi.com/pqdweb?did=1141100&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
A case study that focused on Sweden's IKEA, the largest furniture retailer in the world with operations in 18 countries, was undertaken as part of an examination of marketing standardization and globalization. Data from personal interviews with IKEA and its competitors as well as secondary data were collected for the study. Results indicate that it may be possible to succeed with a standardized marketing concept in a business field that normally is associated with strong cultural values. Also suggested by the study is the relatively greater openness to adaptation by consumers with low status concern, low conservatism, low dogmatism, and high education as well as white-collar workers and high-income groups. Cultural values diminish in importance when price differences between alternatives become too significant. Future studies of globalization should use a concept, such as coordination, rather than the more popular standardization of operations.
Customizing Global Marketing
Quelch, John A., Hoff, Edward J.. Harvard Business Review. Boston: May/Jun 1986.Vol. 64, Iss. 3; pg. 59, 10 pgs
Subjects: Planning, Multinational corporations, Marketing mixes, Marketing management, Marketing, International, Products, Multinational Corporations, Marketing Planning, Marketing Management, Marketing Budgets, Marketing, Marketing, International trade, Business & industry
Classification Codes 9510, 9180, 9180, 7000, 2310, 1300
Companies: Black & Decker, Coca-cola Co., Cpc International, Henkel, Johnson Wax, Kodak, Nestle, Parker Pen Co., Procter & Gamble, Unilever(Ticker:UN, Duns:40-532-2116 )
Author(s): Quelch, John A., Hoff, Edward J.
Publication title: Harvard Business Review. Boston: May/Jun 1986. Vol. 64, Iss. 3; pg. 59, 10 pgs
Source type: Periodical
ISSN/ISBN: 00178012
ProQuest document ID: 1102046
Document URL: http://proquest.umi.com/pqdweb?did=1102046&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
Flexibility is essential to the implementation of a global marketing strategy, and the customization of the concept to fit each business must be considered. The evaluation of a company's current and desired levels of program adaptation or standardization in this area should focus on business functions, products, marketing mix elements, and countries. Too rapid movement toward global marketing can result in subsidiary manager disenchantment and game playing. Multinationals must decide which mix of approaches, from informing to directing, best fits strategic objectives. Talented country managers can be motivated to shift to global marketing by: 1. encouraging field managers to generate ideas, 2. ensuring the participation of the field in marketing strategy development, 3. maintaining a product portfolio that contains local, regional, and global brands, 4. allowing country managers continued control of their marketing budgets, and 5. emphasizing country managers' general management responsibilities.
Global Standardization -- Courting Danger
Kotler, Philip. The Journal of Consumer Marketing. Santa Barbara: Spring 1986.Vol. 3, Iss. 2; pg. 13, 3 pgs
Subjects: Standardization, Product design, Marketing, Market strategy, International
Classification Codes 9180, 7500, 7000
Author(s): Kotler, Philip
Publication title: The Journal of Consumer Marketing. Santa Barbara: Spring 1986. Vol. 3, Iss. 2; pg. 13, 3 pgs
Source type: Periodical
ISSN/ISBN: 07363761
ProQuest document ID: 1158785
Document URL: http://proquest.umi.com/pqdweb?did=1158785&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
Some products can be taken abroad without major modifications. However, many international product failures have been caused by a lack of product adaptation. The issue of adaptation is examined using Mattel's Barbie doll. Mattel could choose to design: 1. for the US only, 2. one product and marketing program for the global market, and 3. national adaptations in advance. The 3rd position seems the most favorable because 80% of US exports require adaptations. In planning any export, 11 marketing elements that should be checked are: 1. labeling, 2. packaging, 3. materials, 4. colors, 5. name, 6. product features, 7. advertising themes, 8. media, 9. execution, 10. price, and 11. sales promotion. There are 3 forces leading to international customization: 1. customer demand in different nations for special product features, 2. consumer resources and behavior in different countries, and 3. varying environmental factors. A planning matrix should be used to test the marketing mix elements against the target countries.
Organizational Adaptation to International Marketing
Buatsi, Seth N.. International Marketing Review. London: Winter 1986.Vol. 3, Iss. 4; pg. 17, 10 pgs
Subjects: Statistical analysis, Standardization, Plastics industry, Marketing mixes, Market strategy, International trade, Adaptation
Classification Codes 9175, 9170, 9130, 8640, 7000, 1300
Locations: UK
Author(s): Buatsi, Seth N.
Publication title: International Marketing Review. London: Winter 1986. Vol. 3, Iss. 4; pg. 17, 10 pgs
Source type: Periodical
ISSN/ISBN: 02651335
ProQuest document ID: 1141086
Document URL: http://proquest.umi.com/pqdweb?did=1141086&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
Through a literature review, the idea of organizational adaptation to international marketing was presented. To determine whether significant differences existed between domestic and international marketing operations of companies as measured by company, product market, and market strategy, data were collected from 144 exporters and 81 nonexporters in the UK plastics processing industry from 1976-1979. Primary data came from mailed questionnaires, and secondary data were from annual company reports, the Rubber and Plastics Processing Industry Training Board, and library documents. To ascertain the incident of adaptation, paired-comparison tests were performed to show differences between domestic and international marketing operations. Results indicated that firms followed both standardized and nonstandardized strategies in their international operations. The main product was usually the same in both domestic and major export markets. Although the orientation was toward standardization, a significant degree of adaptation was observed.
Standardization not standard for global marketers
Rudolph, Alice. Marketing News. Chicago: Sep 27, 1985.Vol. 19, Iss. 20; pg. 3
Subjects: Sales, Products, Product Development, Mergers & Acquisitions, Marketing, Market Segmentation, Joint Ventures, Competition
People: Wind, Yoram, Simon-miller, Francoise, Sheth, Jagdish, Porter, Michael E., Kotler, Philip
Author(s): Rudolph, Alice
Publication title: Marketing News. Chicago: Sep 27, 1985. Vol. 19, Iss. 20; pg. 3
Source type: Periodical
ISSN/ISBN: 00253790
ProQuest document ID: 7102275
Document URL: http://proquest.umi.com/pqdweb?did=7102275&Fmt=2&clientId=93 38&RQT=309&VName=PQD
Abstract (Document Summary)
Some of the remarks made about global standardization by speakers at the 1985 Summer Marketing Educators' Conference of the American Marketing Association included support for: 1) a customization index; 2) regional or national adaptations for product promotion; 3) the minimization of idiosyncratic differences and concentration on satisfying universal drives; 4) a good price/quality ratio; 5) coordination and segmentation; and 6) greater standardization in raw industrial products than for finished industrial products.
|
||||||