MKTG (with MindTap Marketing, 1 term (6 months) Printed Access Card) (MindTap Course List)
MKTG (with MindTap Marketing, 1 term (6 months) Printed Access Card) (MindTap Course List)
12th Edition
ISBN: 9781337407588
Author: Charles W. Lamb, Joe F. Hair, Carl McDaniel
Publisher: Cengage Learning
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Chapter 5, Problem 1LO
Summary Introduction

To discuss: The significance of global marketing.

Global marketing refers to the process of bending the strategies of marketing of the organization to adapt to the prevailing conditions of the other countries.

Expert Solution & Answer
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Explanation of Solution

The significance of global marketing is as follows:

Companies or business people who implement global vision they are better in identifying global marketing opportunities and compete against external competition in home markets, create effective strategies of global marketing, and understand the nature of global systems.

Large companies has traditionally been the main global competitors but many small businesses are entering the international markets. In spite the fear of job losses to other countries with cheaper labor, there are various advantages to globalization, which includes the increase in standard of living and reduction of poverty.

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Suggest, three ways, your company (service and product provider) can attain asustainable competitive advantage in the local market. Give rationales for youranswer.
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Adapted from: (Case 18. Nando’s International: Taking chicken to the world. Re-printed with the kind permission of De WitsBusiness School. http://cws.cengage.co.uk/hoffman/students/cases16-18/case_18.pdf)Q1. Assess the reasons behind Nando’s struggles to establish profitable operations in foreign markets such as Australia, theUK, and Canada. Additionally, propose two alternative market entry strategies that could have been more effective in theseregions, and justify your recommendations.

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MKTG (with MindTap Marketing, 1 term (6 months) Printed Access Card) (MindTap Course List)

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