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Week-2_Discussion 1_Gail

Week-2_Discussion 1_Gail

Q Part 1: Surviving Global Environments a. Determine what social, cultural, political or legal/regulatory characteristics you would need to take advantage of to avoid unneeded and costly adaptations of the marketing mix. Using examples, what theories in Chapter 4 support your conclusions? b. Create a short SWOT analysis and list three key points in each area of your SWOT that you believe are most important to understand and recognize for successfully sustaining your brand and business in that country. Focus primarily on global environment criteria related to your company (i.e., economic, trade, social and cultural, political, legal, and regulatory environments). Part 2: Defining the Market Research Process Although we may be very familiar with Procter & Gamble’s (P&G) many brands, there are still some opportunities for P&G to expand throughout the world where their brands are not yet well known. • Select one P&G brand that would potentially face a latent market in a certain country, region, or local area around the globe. o Discuss your rationale for choosing the brand and how it falls under this category. • Choose three analytical techniques employed by global marketers. o Summarize each of the techniques and why you think these are the most beneficial to the global market.

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The impact of various factors like political, economic, socio-cultural, environmental as well as other influences that are external in nature has been briefly discussed in the previous discussion board. There are various points that have to be considered and constantly kept track of in case of global marketing. Assuming to be the global marketing VP of Coca-Cola in India and determining what social, cultural, political or legal/regulatory characteristics I can take advantage of to avoid unneeded and costly adaptations of the marketing mix is concerned, one thing I would surely do is make the brand adjust with the local fabric of the society and keep the brand more engaged with the target audience.