Académique Documents
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I - INTRODUCTION
Companies that brand their products have various options when they sell their goods in multiple countries.
More and more companies see global (or at least regional) branding as a must.
A Concerns
How do we strike the balance between a global brand that shuns cultural barriers and one that allows for local requirements? What aspects of the brand policy can be adapted to global use? Which ones should remain flexible? Which brands are destined to become global megabrands? Which ones should be kept as local brands? How do you condense a multitude of local brands into a smaller, more manageable number of global brands?
IV - Local Branding
There are also substantial benefits of using a local brand: a) Legal Constraints: localization b) Cultural barriers c) Patriotism d) Keeping the local brand can be preferable to changing it into a global brand
- Is there value to associations of a global brand or a brand associated with the source country? - What local associations will be generated by the global name? - Is it culturally and legally doable to use the brand name, symbol, slogan across the different countries?
b) Length: refers to the number of different item within a given product line
Thus, the product mix for a MNC could vary along the width and or length dimension across the different countries where the firm operates.
Most MNCs have aproduct mix that is partly global and partly home-grown
Several drivers impact the composition of a firms international product line - Customer preferences - Competitive Climate - Organization Structure - History
X Product Piracy
Product piracy is one of the downsides that popular global marketers face. Strategic Options Against Product Piracy - Lobbying Activities - Legal Action - Product Policy Options (holograms, redesign) - Communication Options
Strategies to Cope with COO Stereotypes Country image stereotypes can either benefit or hurt a companys product
a) Product Policy; Select a brand name that disguises the country-of-origin or even invokes a favorable COO b) Pricing: low or high price c) Distribution: companies could influence consumer attitudes by using highly respected distribution channels d) Communication