executive summary of cross cultural marketing

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  • 7/25/2019 Executive Summary of Cross Cultural Marketing

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    EXECUTIVE SUMMARY OF CROSS

    CULTURAL MARKETING

    The main aim is t0research the different marketing

    strategies in different cu1tura1envir0nments and t0find

    0ut h0w the specific nati0na1cu1ture affects the

    strategies which are imp1emented by s0me

    mu1tinati0na1c0mpanies in a certain industry. T0

    achieve this purp0se, the f0110wing research questi0n

    was f0rmu1ated: h0w d0s0me big 1eading c0mpanies

    carry 0ut their marketing strategies acc0rding t0the

    cu1ture differences? When ana1yzing the internati0na1

    marketing strategy 0f the tw0American fast f00d

    c0mpanies, find that b0th 0f them emphasized 0n the

    cu1ture 0f different nati0ns when carry 0ut the m0st

    marketing strategies 0f different aspects. n the case 0f!"#, nati0na1cu1ture inf1uences the $% strategy in

    different ways. The pr0duct strategy 0f !"# is main1y

    affected by the cust0mer va1ue and a1s0by traditi0na1

    taste in s0me e&tent. n additi0n, when imp1ementing the

    pr0m0ti0n strategy, !"# emphasizes the c0mbinati0n 0f

    the c0

    rp0

    rate cu1ture with the different nati0

    ns cu1ture."0r instance, a11kinds 0f advertisement and the

    c00perati0n partner in a particu1ar nati0n are re1ated t0

    the 1anguage, va1ue and cust0ms tight1y. Then, it turns

    t0'c(0na1ds. )ati0na1cu1ture impacts the $%

    marketing strategies in different ways when 'c(0na1ds

    entered int0the different nati0ns market. %r0duct

    strategy 0f 'c(0na1ds is inf1uenced by 10ca1cu1ture

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    very 0bvi0us1y. 0n 0ne hand, 'c (0na1ds a1ways adds

    s0me specific pr0duct which is suitab1e t0the specific

    market. The pr0duct p0siti0n is affected by the va1ues

    and c0nsumer buying behavi0rs. 0n the 0ther hand,

    understanding 10ca1c0nsumer behavi0rs he1ps

    'c(0na1ds t0target the right cust0mers in a better way.

    Theref0re, by researching tw0case c0mpanies the

    c0nc1usi0n can be drawn that cu1ture differences affect

    the imp1ementati0n 0f m0st internati0na1marketing

    strategy in different ways in b0th 0f the c0mpanies. Thepr0duct and price strategies are inf1uenced by the 10ca1

    va1ues m0st 0bvi0us1y whi1e the p1ace strategy is

    main1y affected by 10ca1ec0n0mic 1eve1and cust0mer

    buying behavi0r. The pr0m0ti0n strategies are affected

    by even m0re c0mp0nents. Anyway, 1anguage,

    c0nsumer va1ues and buying behavi0rs are the m0stsignificant c0nsiderati0ns f0r the transnati0na1

    c0mpanies when entering a new f0reign market and

    gaining the market shares as many as p0ssib1e.

    SUBMITTED BY-

    HIMANSHI AHUJA

    ENROLLMENT NO- A3923014050

    BBAMBA!DUAL"

    IV SEMESTER