Uncategorized

Global Market Competition and Standardization

Various US companies have chosen to engage in the international marketing for a great number of reasons. Among the most attractive and appealing from these companies are the new opportunities and market expansion.

Standardization and Localization Strategy

After a time a company has decided to gone internationally and take over the global market scene, they have to decide whether they have to adjust their marketing campaign to the local or stick with their brand.

At the end of the day, this will depend on how much-centralized control the company likes to maintain on its marketing.

If you too are trying to take on the international market scene, you can get couple of tips here and there by visiting https://aeonreviews.com/.

On the other hand, in the event that an organization would want to keep a strong centralized control as well as uniformity among its marketing efforts and products, then the strategy path it follows is referred to as “Standardization”. Then again, if they want to make it fit to the requirements and needs of their local market, then the marketing campaign is called as “localization strategy”.

The Concept of Global Standardization

To a certain degree, global customers desire standardized products and in this case, companies can go after the global standardization approach. By applying this approach, the product and how it is being marketed would be uniform in all countries that the company has a presence. However, there would just be minute changes in marketing depending on which country it is sold.

Advocates of this particular strategy arguing that companies could attain a competitive advantage by means of offering the combination of quality, reliability and price with products that are same in functionality and design.

The Beauty of Global Standardization

Furthermore, standardization could mean lowering the operation cost since there is no additional costs associated in marketing and developing products that are unique to the local market scene. Furthermore, it is expanding the consumer base receptive to common global products.

There’s no need to make adjustments on product features, names and whatnot. The marketing could be repurposed as well across various countries.