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

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

Page 1: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

Cultural Dynamics in Assessing Global

Markets

Page 2: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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

Page 3: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Birthrates (per 1000 women)

• Insert Exhibit 4.1

Page 4: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Patterns of Consumption (annual per capita)

• Insert Exhibit 4.2

Page 5: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Consequences of Consumption

• Insert Exhibit 4.3

Page 6: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Origins, Elements, and Consequences of Culture

• Insert Exhibit 4.4

Page 7: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Hofstede’s Indexes, Language, and Linguistic Distance

• Insert Exhibit 4.5

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Elements of Culture

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

• Rituals- Marriage- Funerals

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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

Page 10: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Metaphorical Journeys through 23 Nations

• Insert Exhibit 4.6

Page 11: Cultural Dynamics in Assessing Global Markets. 4 - 2 Chapter Learning Objectives The importance of culture to an international marketer The origins and.

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Cultural Change and It’s Impact

MTV Meets Mom in Mumbai!