Appropriate Adaptations to suit Local Market
For many international companies, they pose the same positioning, do the same differentiation, focus the same target customers, and launch the same products. The universal practices and standardized products lead to economy of scale and consistency of the company’s image. These are part of the reasons why many international companies succeed in many countries. However, different culture derives different customers and different market environment. International companies use the same marketing strategy in different countries may not suit the local market. How a company strike a balance between standardization and localization is crucial to its success. McDonald’s is the well known success story in the topic. It has the same image and the standardized food all over the world. Nevertheless, McDonald’s provides lamb burgers in India and sells wine in France. These little adjustment and adaptation contribute a lot to a great success story. I have chosen Biotherm and United Colors of Benetton to illustrate how international companies succeed and fail to strike a balance between standardization and localization in the Korea market. When Biotherm first came to Korea, it was positioned as a premium F
Some topics in this essay:
Korea Benetton, Hong Kong, , Benetton Korea, Observing Benetton, Korea Biotherm, Korean French, Moreover Biotherm, Miriam Biotherm, Biotherm Korea, hong kong, skin care, spring water, international companies, biotherm hong kong, local market, care products, benetton korea, shocking ads, biotherm korea, korea biotherm, skin care products, skin care make-up, international companies succeed, premium french brand,
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Approximate Word count = 1157
Approximate Pages = 5 (250 words per page double spaced)
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