Tailoring Your Strategy to Fit the Culture

  • Reference: ART-1787-E

  • Number of pages: 8

  • Publication Date: Jun 15, 2010

  • Source: IESE (España)

  • Type of Document: Article

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Many widely accepted management theories related to mission statements, branding and advertising are Western inventions that do not translate when companies go global. What plays well at home may not go down so well in foreign environments. The author recommends that a company conduct a full review of its entire global marketing strategy – from its mission and vision, to its portfolio, positioning and product usage, to its communications and advertising campaigns. Throughout the discussion, she challenges managers to let go of their preconceived ideas and insistence on consistency and standardization, which they may think is being cost-effective, but in reality will never succeed in scratching consumers where they itch. To be truly effective, global marketing strategies must articulate not the culture-bound values of one particular company, but the values of the stakeholders in all of the countries where the company operates. If not, stakeholders elsewhere may have difficulties identifying with the company.