Any topic (writer’s choice)
Professional paper
Reference with citation
200-250 words only
Please reply to the below:
The term global must be made and delivered local by Professor Lynch refers to the organisation adapting their business operations towards their target market. Organisations may be influenced to adapt products or services due to external factors such as governmental and economical or internal factors.
Within the food industry, adapting products to suit consumer tastes enhances an organisations attractiveness in new countries. With McDonalds expanding from an American organisation to worldwide, the products they served in the US are not always well received in other countries. This could be to cultural tastes and products used such as type of meat. To therefore leverage their influence in a new region, McDonalds had to adapt its products.
Hollsensen details that using the ERPG framework, there are four strategic orientations an organisation can use when diversifying in to newer markets;
Ethnocentric: the home country is superior and the needs of the home country are most relevant
Polycentric: each country is unique and should therefore be targeted in a different way
Regiocentric: the world consists of regions
Geocentric: the world is getting smaller and smaller. (Hollsensen, 2016: 20).
By using these four orientations, organisations such as McDonalds are able to design competitive marketing strategies.
Regiocentric is the approach that McDonalds have taken by tailoring their approach to the products they provide. Upadhyay confirms that through globalization and internationalization, McDonalds was able to develop marketing strategies, while at the same time customizing them for different regions in accordance to the cultural and national variations in order to serve specific target markets (Upadhyay, 2015)
Do you agree with the above categorisation?
You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.
Latest completed orders:
# | topic title | discipline | academic level | pages | delivered |
---|---|---|---|---|---|
6
|
Writer's choice
|
Business
|
University
|
2
|
1 hour 32 min
|
7
|
Wise Approach to
|
Philosophy
|
College
|
2
|
2 hours 19 min
|
8
|
1980's and 1990
|
History
|
College
|
3
|
2 hours 20 min
|
9
|
pick the best topic
|
Finance
|
School
|
2
|
2 hours 27 min
|
10
|
finance for leisure
|
Finance
|
University
|
12
|
2 hours 36 min
|