What is standardised global marketing?

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
icon
Concept explainers
Question

What is standardised global marketing?

Expert Solution
Step 1

Developing a global marketing strategy is a major concern of multinational companies. The general decision is whether marketing methods around the world are attractive, or whether messages for different markets should be marketed through a standardized approach with a different approach that is customized.

Step 2

Standardized Global Marketing is a global marketing strategy that uses the same basic marketing strategy and mixes in all core markets. Standardized marketing for international companies usually offers notable cost advantages. If the same message works universally, one does not have to spend money to develop customized marketing messages. Even if one has to adapt the language to the local markets, the conceptual concept of the messages will remain the same. Also, if the brand theme is strong and globally attractive, a standardized approach helps people around the world to share one of the promised values.

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Global marketing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning