Preview

Account Executive

Good Essays
Open Document
Open Document
419 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Account Executive
Global Marketing
Global marketing is a firm's ability to market to almost all countries on the planet. With extensive reach, the need for a firm's product or services is established. The global firm retains the capability, reach, knowledge, staff, skills, insights, and expertise to deliver value to customers worldwide. The firm understands the requirement to service customers locally with global standard solutions or products, and localizes that product as required to maintain an optimal balance of cost, efficiency, customization and localization in a control-customization continuum to best meet local, national and global requirements to position itself against or with competitors, partners, alliances, substitutes and defend against new global and local markket entrants per country, region or city. The firm will price its products appropriately worldwide, nationally and locally, and promote, deliver access and information to its customers im the most cost-effective way. The firm also needs to understand, research, measure and develop loyalty for its brand and global brand equity (stay on brand) for the long term.
At this level, global marketing and global branding are integrated. Branding involves a structure process of analyzing "soft" assets and "hard" assets of a firm's resources. The strategic analysis and development of a brand includes customer analysis (trends, motivation, unmet needs, segmentation), competitive analysis (brand image/identity, strengths, strategies, vulnerabilities), and self-analysis (existing brand image, brand heritage, strengths/capabilities, organizational values)[2]
Further, Global brand identity development is the process establishing brands of products, the firm, and services tlocally and worldiwde with consideration for scope, product attributes, quality/value, uses, users and country of origin; organizational attributes (local vs. global); personality attributes (genuine, energetic, rugged, elegant) and brand customer

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mkt 421 Week 3

    • 782 Words
    • 4 Pages

    When an organization wants to go global, they look at the opportunities in all countries that will permit that organization to enhance the effectiveness of business functions everywhere the organization has operations and then devise a strategy to achieve that goal. The two main reason an organization looks to globalization is for standardization and customization. Standardization uses a regular product, service and message over all markets to solidify the image of the brand. Standardization works until consumers turn to local companies that identify with the region’s cultural needs and wants. The other reason is customization which is standardized products, services, and messages that have…

    • 782 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    When we mention “BRAND”, the names that come to our minds would be like Apple, IBM, Infosys, Tata, Addidas, Nike, BOSE, GUCCI, PRADA, and the likes of these. They are brands because they have created a unique name for themselves in their respective segments. When we say “Branding” it means creating an impression, an impression that lasts positively on the mind of the consumer. The important ingredients of creating this impression would be an all-encompassing collection of business principles, business strategy, sales, customer relations, appearance, attitude, products, services, advertising, copywriting, Web site design, brochures… your entire company. It’s a mix of both science and art. Creativity strengthens and enlivens brand. But the science of branding is…

    • 557 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Tagline Appeals

    • 8835 Words
    • 36 Pages

    Introduction As the code of international branding sheds light on marketing strategies, multinational companies focus on global…

    • 8835 Words
    • 36 Pages
    Powerful Essays
  • Best Essays

    Contemporary Business Issues

    • 3894 Words
    • 16 Pages

    Schlappa, H. (2011). Contemporary Issues in Business Lecture 6 Perspectives of International Brand Management. UH Slide.…

    • 3894 Words
    • 16 Pages
    Best Essays
  • Better Essays

    Reinventing Stella Artosi

    • 1244 Words
    • 5 Pages

    Look at the pros and cons of becoming a global brand; how is the management strategy discussed? The current business model is to have…

    • 1244 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Global market represents marketing on a worldwide scale reconciling or taking commercial advantage of global operational differences, similarities and opportunities in order to meet global objectives of a company. Tapping and capturing global market opportunities is not a revolutionary shift but an evolutionary process for any company. Usually a company starts operating in the domestic market, creates its customer base, makes an image and thereafter leads to various activities which help it enter the international markets. The activities that enable the company to enter and be an international marketer are exports, franchising, joint venture and full direct entry into another country. Once the company creates a strong base and hold in a few countries it starts targeting the world on continental or economy sized bases. And it gains the title of a global marketer once it starts to cater to almost all countries on the planet. The global firm retains the capability, reach, knowledge, staff, insights and expertise to deliver value to customers worldwide. Various examples of a global marketer are Apple, Intel, Toyota, Procter & Gamble, XL Group and the list goes on.…

    • 2709 Words
    • 11 Pages
    Satisfactory Essays
  • Best Essays

    One of the many challenges faced by businesses today is marketing in the global economy. What is global economy? The Macmillan dictionary defines global economy as the economies of the worlds nations, considered as a single economic system. In other words, we can say that it is the fusion of different economic systems on a worldwide basis. So how does that apply to business? In today’s world, local communication is a thing of the past. News travels as quickly as the click of a button. With the internet and e-mail,…

    • 1857 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Wello Case Study

    • 869 Words
    • 4 Pages

    International marketing can be defined as, “Identifying needs and wants of customers in different markets and cultures, providing products and technologies and ideas to give the firm a competitive advantage, communicating information about these products and distributing and exchanging them internationally through one or a combination of foreign market entry nodes”, Bradley, (2005)…

    • 869 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Global Marketing Notes

    • 9967 Words
    • 40 Pages

    An organization that engages in global marketing focuses it resources and competencies on global market opportunities and threats. A fundamental difference between “regular” marketing and “global” marketing is the scope of activities.…

    • 9967 Words
    • 40 Pages
    Powerful Essays
  • Powerful Essays

    About the authors: Leif E. Hem is Associate Professor at the Norwegian School of Economics and Business Administration, NHH in Bergen, Norway. He defended his PhD in February 2001. His research interests focus on branding in general and with specifically focus on brand extension. Hem has already published papers focusing on brand extensions and he has presented brand extension papers on four international conferences in 2001: EMAC, ACR-Europe, IAE La Londe, and ACR-US. Hem is also running several branding schools for the business, both in Norway and in Europe. Leslie de Chernatony is Professor of Brand Marketing and Director of the Centre for Research in Brand Marketing at the Birmingham University Business School, England. With a significant number of papers on brand management in European and American journals, he is a regular presenter at international conferences. His two most recent books are Creating Powerful Brands and From Brand Vision to Brand Evaluation, both published by ButterworthHeinemann. Leslie has run brand strategy workshops internationally, helping organisations develop more effective brand strategies. Nina M. Iversen is a doctoral candidate at the Norwegian School of Economics and Business Administration (NHH). Her…

    • 9239 Words
    • 37 Pages
    Powerful Essays
  • Powerful Essays

    The Nakamura Case Study

    • 970 Words
    • 4 Pages

    In 1948, when Mr. Nakamura took over the business family, observed the high demand of lacquer ware in the Japanese market but supply was not in accordance to that. In 1952, he built a substantial business for mass production of 500000 sets of lacquer table ware using numerous men power.The Nakamura “chrysanthemum” brand has become Japan's best known and bestselling brand in terms of its good quality and middle class users. However, Outside of Japan he was restricted as per government policy to not do any business, except for selling occasionally to American tourists through his established Japanese outlets & hence needed to expand his market.…

    • 970 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    With the development of economy and technology, Branding & Globalization has become a trend in the world. This essay explains what is the branding and what is the globalization branding. It will also analysis factors and influence of Branding & Globalization.…

    • 632 Words
    • 3 Pages
    Good Essays
  • Good Essays

    organizational behavior

    • 622 Words
    • 3 Pages

    In the face of rapid globalization, both global and local brands often thrive in the current marketplace. Current theories suggest that while globalization is a successful strategy for many big companies; at the same time local companies may also achieve competitive success based on a deeper understanding of the local consumers ([9] Ger, 1999, p. 70). Several key reasons support why companies pursue a global strategy in branding. Manufacturers often pursue global branding strategies for its inherent benefits like economies of scale and scope in R&D, manufacturing and marketing ([29] Yip, 1995). Further, global brands are strategically appealing to a growing segment of consumers around the world with similar tastes and preferences ([11] Hassan and Katsanis, 1994). From a consumer's perspective global brands can be preferred by consumers in order to indicate their membership with certain groups, e.g. global cosmopolitanism ([3] Alden et al. , 1999).…

    • 622 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Creating a brand is expensive - must focus on the brands with the greatest potential of survival & financial returns. Marketing investment and innovation strategies can be devoted to brands that will response best. Plus global identity, stronger brand awareness, synergies in management, marketing, etc.…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    International Brand

    • 7382 Words
    • 30 Pages

    Brands play a critical role in establishing afirm 'svisibility andABSTRACT position in international markets. Building a coherent international brand architecture is a key component of thefirm 'soverall international marketing strategy, because it provides a structure to leverage strong brands into other markets, assimilate acquired brands, and integrate strategy across markets. The authors examine the way firms have developed international brand architecture and the drivers that shape the architecture. The authors discuss implications for the design and management of thefirm 'sinternational brand architecture. With the globalization of markets and the growth of competition on a global scale, companies are increasingly expanding the geographic scope of their operations, acquiring companies in other countries, and entering into alliances across national boundaries. At the same time, with the spread of global and regional media, the development of international retailing, and the movement of people, goods, and organizations across national borders, markets are becoming more integrated. As a result, firms need to pay greater attention to coordinating and integrating marketing strategy across markets. An important element of a firm 's overall marketing strategy is its branding policy. Strong brands help the firm establish an identity in the marketplace and develop a solid customer franchise (Aaker 1996; Kapferer 1997; Keller 1998), as well as provide a weapon to counter growing retailer power (Barwise and Robertson 1992). They can also provide the basis for brand extensions, which further strengthen the firm 's position and enhance value (Aaker and Keller 1990). In international markets, the firm 's branding strategy plays an important role in integrating the firm 's activities worldwide. A firm can, for example, develop global brands (using the same brand…

    • 7382 Words
    • 30 Pages
    Good Essays