1.4.3 Globalization in International Marketing
Globalisation is solving the technological problems, fulfilling all consumer needs, satisfying their demands in a fast paced social market that form the global network of Islamic social culture. Ardalan (2008) states that the era of globalization is a great period to maintain the development of economic, social, and political aspects of governments internationally. It is implemented to avoid the poverty and create opportunities for jobs, ideas, identities, practices and values. Globalization is a powerful social force which is based on free market principles affecting people, from wealthy countries such as executives and others who occupy prominent positions in the government, where they attempt
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Consumption of some of the global products such as soft drinks may be influenced by the temperature of a region. The role of the government is also a big factor that influences customers’ consumption of global products or desist from consuming them. In gulf countries where mostly the governments have a central role in enhancing the Muslim values and way of life, the consumption of global products may be affected by the guidelines that are given by the governments on what is suitable and safe or not for …show more content…
With the use of the internet communication media in sharing the information on the international markets, the customers’ perception towards the global products has been enhanced positively. However, Paul and Rana (2012) argue that the ease in the availability of the information is a major factor in preventing local customers from engaging with the international market. He explains how international companies had the strength of communicating about their products due to the financial and social muscle. With the rise of the social media and other forms of internet communication, local companies have the ability to not only communicate about the products or services that they offer, but also to offer information on why they are the best compared with the international competitors. Consumers’ behaviour and attitudes towards the international marketing is also influenced by their learning capability. Punyatoya (2014) asserts that with learning, consumer consumption behaviour is likely to change with time. However, without adequate learning consumers are likely to retain their traditional consumption behaviour trends that favour local products. The ability of consumers to learn new things is crucial in determining whether their attitudes or behaviour will be influenced by the international trade.
The character Mr. Cantle asks a question: "Now tell me, Delphi, why do people buy one product rather than another?" (Tiptree, pages 146). This question acknowledges that despite changes in the advertising landscape, the fundamental aspect of consumer behavior remains relevant. It highlights the underlying motivations behind consumer choices and purchasing decisions. This also has a major impact on consumption patterns.
Today we live in a glоbal econоmy in which the time taken for peоple to mоve between continents has been significantly rеduced and in which Internet and other connections make instant connections possible. So to be succеssful these days, even small businesses must plan their marketing strategies to attract cоnsumer interest outside of their local markets. Although there are risks involved, there also are plenty of аdvantages to expanding a business worldwide. If you don’t offer a product on the world market, a competitor probably will. Some types of businesses are more аppropriate than others for global market expаnsion.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.
INTRODUCTION Globalization has an impact on everyone. From the food people eat and what they wear, those products came from all around the world and is a product of globalization. That globalization is the international integration of ideas, products, and culture. But these products, ideas, and culture could come to a loss though these things are all very beneficial. Although there are times when globalization has costs in terms of deadly viruses is true, but the benefits do outweigh the costs when new ideas are introduced.
3. Globalization Throughout the last decades, globalization became a real phenomenon, but history tells us that it is actually not a new social, historical phenomena, but has, under different names and manifestations, been with us for a long time. It is actually not only the continuation of the liberalization of international trade, which began in the mid-19th century with the launch of cross-border trade over long distances and later with intensive large-scale mobility of labor and capital. During capitalism, globalization has amplified due to the lust for profit, which is driven by capitalists across the globe. Indeed, globalization has significantly strengthened ever since.
The factors such as consuming healthy and obesity have also been a prospect for food chains like Arby’s, which is offering the fresh and customized flavours in sandwiches away from the classic junk foods like burgers/fries and others. Fast food trends change built on what customers want. As said above, through this analysis, healthiness is the emphasis in many countries. This is not only suggested by governmental authorities, but also consumers. Nowadays, there is a growth in in organic and foods as regimes and lifestyle variations come into play.
Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. McDonald 's in Japan, French films being played in Minneapolis, and the United Nations, are all representations of globalization. The topic of globalization has become a hotly contested debate over the past two decades. In today’s marketplace conducting business internationally is as much of a defensive play as an offensive play. In examining the upside of going global, consider the sheer size of international markets as contrasted with the size of the domestic market and you will likely find that the majority of your potential customers live abroad.
Social class has a strong influence on preference in food and drinks. Coca cola design products for specific social
In the late 1980s, globalization theory started to emerge as the new forms of capitalist hegemony appeared (Savage, Bagnall and Longhurst, 2004). Globalization is a process of encouraging closer political, economic, social interaction and break down or reducing the trade barriers between countries (Mittelman, 2000). It can be divided into two main categories: globalization of markets and globalization or production. Globalization of markets is a process of the worldwide market integration and has created a global market place (due to countries are reducing trade barriers). For example, in this 21st century, products that we consume or access are no longer from just one person, company or place but globally as the presence of the global market
In the middle east and Malaysia, there are huge marketing promotions of food high in fat and many parents are having a tough responsibility in which they are confined between picking a good selection of food products to maintain their health and the health of their children or to succumb to their desires and their children’s requests to buy unhealthy advertised food products. Therefore, fast food advertising has a profound negative influence on children’s food choices and parents buying behavior in the middle east and Malaysia as it attracts them through several mediums and themes, resulting in unhealthy eating habits and an increase in the consumption of unhealthy food that causes negative health effects as obesity and weight gain, along with a tendency in the middle eastern society and the Malaysian to eat western style fast foods, which in return creates a growing demand for western fast food outlets that rises from the western culture influence on
The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).
Lack of understanding local customers’ shopping habit cultures. Using a suitable strategy to adapt and match the host nation’s culture is one of the most difficult challenges that many multinational enterprises have to overcome (Alphonse 2014). According to Harzing test based on Barlett & Ghosal’s foreign market entry theory (1999), while
GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.
Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries. There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment.
Globalization is the method by which business, corporations, individuals start to operate on an international scale. Globalization has empowered monetary advancement, social and political impact. Though globalization is advantageous to the individuals who have worldwide systems while others are barred. The counter globalization development surveys the importance of globalization.