Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of...

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Transcript of Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of...

Cultural Dynamics in Assessing Global

Markets

4 - 2

Chapter Learning Objectives

• The importance of culture to an international marketer

• The origins and elements of culture• The impact of cultural borrowing• The strategy of planned change and its

consequences

4 - 5

Birthrates (per 1000 women)

• Insert Exhibit 4.1

4 - 6

Patterns of Consumption (annual per capita)

• Insert Exhibit 4.2

4 - 7

Consequences of Consumption

• Insert Exhibit 4.3

4 - 9

Origins, Elements, and Consequences of Culture

• Insert Exhibit 4.4

4 - 13

Hofstede’s Indexes, Language, and Linguistic Distance

• Insert Exhibit 4.5

4 - 14

Elements of Culture

• Cultural values- Individualism/Collectivism Index- Power Distance Index- Uncertainty Avoidance Index- Cultural Values and Consumer Behavior

• Rituals- Marriage- Funerals

4 - 15

Elements of Culture (cont’d)

• Symbols- Language

• Linguistic distance- Aesthetics as Symbols

• Insensitivity to aesthetic values can offend, create a negative impression, and, in general, render marketing efforts ineffective or even damaging.

• Beliefs- To make light of superstitions in other cultures when doing business

there can be an expensive mistake.

• Thought processes- Difference in perception

• Focus vs. Big-Picture

4 - 16

Metaphorical Journeys through 23 Nations

• Insert Exhibit 4.6

4 - 20

Cultural Change and It’s Impact

MTV Meets Mom in Mumbai!