University of the Arts, London
Tara Premnath
A Case Study On The Globalisation And Strategic Reign Of ASOS Subject: Retail Branding and identity
Abstract
This report analysis the strategic branding policies of the online retailer ASOS and comprehends its position in the global market. It evaluates the standardisation and adaptation techniques ASOS employed to become the no.1 online retailer in the world. The company vigilantly practices standardisation and adaptation in its brand architecture and distribution channels. Its branding policies have made way for its accomplishing market dominance. ASOS approaches the market with a faultless differentiation technique through its
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He termed it as a process of seeing the whole world as one by internationalising products and services in the market. He suggested the method of seeing the political, social, cultural and technological differences as a collective and to approach it with the same technique.
“Globalization in his words is the process that integrates and joins different nations and different people in various factors such as economically, politically and culturally to make one larger community. And this was possible with the help of technological advance as it is the job of breaking down the barriers consisting of distance and time”(Levitt 1983).
Throughout the years, globalisation has developed into, not just a technique of market approach but rather a necessity. With ever increasing improvements in transport, communication, and reduced trade barriers, international trading which was once considered a luxury is now a necessity in many sectors (Vrontis, D. et al 1999).
Organisations cannot sell previous season clothes or products to less developed markets. Countries all over, expect companies to approach them with the same products as services as the rest of the world. Thus organisations have realised that they have to standardise their products throughout the globe in order to get recognition.
Technological advancements have been at the highest rate ever since Levitt’s theory. The path of technological movement has been so far-reaching that organisations have used this path to
In his article “Globalization: Two Visions Of The Future Of Humanity”, Marcelo Gleiser states that there are two possible outcomes of the process of globalization. At first, he predicts that world can turn into a true global village due to the development of technology, traveling, trade and Internet. However, Gleizer explains that it is not easy to foresee unknown and questions how much this “scientific utopia” (8) is realistic, when considering politics and culture. Then, he argues that globalization cannot be achieved due to “evolved tribal nature” (9) of humanity, even though it is implied as the process which will diminish any barrier between various cultures. He states there is no doubt that trade and travel barriers will disappear by
According to Osterhammel and Petersson, globalization “summarizes a wide spectrum of experiences shared by many people” (2). I agree with this statement and would go on to claim that globalization is a group of processes and events, some beneficial and some harmful, that have resulted in the spread of networks across the world. However, this spread of networks did not happen over night. This is in part because not all interactions are transformed into networks, as these require a certain degree of longevity. In order for interactions to become networks, groups must consider the range between each other and their interactions must be important or impactful, intense, fast, durable, and frequent. For the reason that each of these characteristics must be present in order for networks to form, globalization has been in the works for many centuries and is still at work today. Therefore, while the historical events and processes of past centuries have provided the roots of globalization, the modernization of recent decades has built upon these roots to connect the world in a way
For decades till today, the word of “Globalization” has been a controversial topic between the nations. Some people are against and the others are for it. In simple words, the meaning of globalization is the merging of all the world to become a small village, and that is surely will lead to more interaction between the people from different parts of the world.
One of the forces that corrupts the revolution on the farm is tyranny destroying history, culture, and language. While the animals are singing their favorite song, Orwell writes, [Squealer] announced that, by a special decree of Comrade Napoleon, “Beasts of England” had been abolished... “Beasts of England” was the song of the Rebellion. But the Rebellion is now completed. The execution of the traitors this afternoon was the final act.
Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.
Globalisation can be understood as a worldwide circulation of goods and services and the interaction of political, cultural and economic policies. There are many theories going around about the acceleration or deceleration of globalisation. Some believe that Globalisation comes in waves, “Since that time there have been three periods or “waves” of globalisation.” (Roman Szul) Almost like a cycle of acceleration and deceleration. It also can be said that Globalisation started as early as the 16th and is still an important part of the world today. “Rapid transformations are taking place in international business. For instance, there has been a growing liberalization of trading systems, expansion of regional economic integrations, excessive liquidity in financing cross-country purchases, and increasing connectedness with customers and marketing partners due to major advances in information, communication, and transportation technologies” (Keegan 2002) There have been many ways in which globalisation has accelerated in the past “This has led to the emergence of a business environment that has been so globalized, interdependent, and connected, and widening in scope and scale of opportunities open to sellers” (Leonidou, 2004) On the other hand, there are theories that we are in a downward phase of globalisation with the increase in trade blocs, greater concern over pollution and sustainability and the effects of the financial crisis. In this essay I will evaluate the reasons for
Asos’ has widely selection of products that are considered to be consumer products, classified as shopping products, due to their higher prices, selective distribution, less frequent purchases and more shopping effort. Their core product is the purchase of esteem as well as respect and recognition , in forms of clothing in a wide variety in an online hub, right at your fingertips. This makes them gain brand equity in form of differentiation, as Asos has the largest product assortment of different brands online . Asos also does a great job by gaining brand equity by offering relevant services in their augmented product and service mix in form of free
Globalization is the ability in which an organization develops an ability to integrate people, communications as well as technology into other different nations.
Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.
Globalization is difficult to simply define due to the variety of changing definitions that have been established over previous decades. Hamilton and Webster (2012) suggest that globalization is the connection between nations, defining globalization as a process in which barriers are reduced in order to encourage exchanges between countries. This view proposes that globalization refers very much so to the trade barriers and the improved communications between countries in order to ensure the world is unified. Globalization increases economic activity across the world and opens up markets for foreign investment.
Globalization can best be defined as the shrinking of our world. As technology advances the gaps between Countries is closed, and our society as a whole becomes more integrated. Globalization is something that has been occurring for thousands of years, with one early example of Globalization being the use of the Silk Road, which connected China and Europe during the Middle Ages. Globalization can offer businesses many was to increase business, while at the same time threatening them (Globalization101.org, 2014).
Globalization: The process of social, political, economic, cultural, and technological integration among countries around the world (Luthans & Doh, 2012).
Globalization is the process through which the world is slowly but surely getting interconnected. The relation is as a result of the exchange of cultural
Gunter and van der Hoeven (2004) holds that, globalization can be defined as: ‘’The unification of economies and societies driven by new technologies and new economic relationships, and the national and international policies such as international organizations, business, labour and civil society’’ (p.1). The process of
The issues of globalization increasingly dominate the universe’s life. The concept of globalization according to Robertson (1992) refers to the narrowing of the world as incentives and increased our awareness of the world, namely the increasing global connections and our understanding of the connection. Globalization is a situation in which no boundaries between the people of the world and links communities in a country with people in another countries. Globalization departs from an idea to unite the nations which is expected to be a mutual agreement and guidelines for nations around the world. Globalization is able to waive the space and time constraints to get the interaction and communication between nations can be done