evaluate their products and services and decide if they are well suited to the market or markets that they wish to enter or if they need to be tailored to suit. Companies must decide if to standardise their product or invest in product adaptation. Standardisation is the introduction of a company’s product into a foreign market without any alterations to the product whatsoever. It is an attractive option for many companies because it reduces the
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Standardisation of a Solution of Sodium Hydroxide: Introduction: In a lot of cases it isn’t possible to prepare a solution by accurate weighing of the solute‚ dissolving in water and diluting to volume. There are many possible reasons for this‚ but in the case of sodium hydroxide‚ the solid absorbs moisture from the air‚ and also reacts with carbon dioxide from the air. In that case‚ it cannot be accurately weighed in air. In an experiment like this‚ a solution of the approximate required concentration
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Standardisation versus Adaptation in a Globalisation context Challenge This is the challenge facing primarily multinational firms whether to standardise their local offering or adapt/localise it for the market they are selling into. According to De Wit and Meyer (2010)‚ the question facing managers is whether they should anticipate and encourage global convergence by emphasising global standardisation‚ centralisation and coordination or should managers acknowledge and exploit international diversity
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THE UNIVERSITY OF HULL Integration of Standardisation and Adaptation Marketing Mix Strategy Reference to Shiseido Company in UK and China Being a Dissertation submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (General) in the University of Hull by Ai Jun Hou ‚ BA (Honours) (April 20‚ 2001) Acknowledgement This dissertation reflects the contribution and insights of many people. I shall take the opportunity to thank the following
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Standardization Versus Localization Levitt argues that because the world is shrinking – due to heaps of technology‚ communication and so forth – well managed companies should shift their emphasis from customizing items to offering globally standardized products that are advanced‚ functional and low priced for all. Coca-Cola being an international brand found everywhere in the world still has not standardized its marketing. The differences in consumer behavior still prevail across countries. Many
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Q1. Discuss the advantages and disadvantages of standardization strategies and adaptation strategies in a global environment. Standardization is the process by which a company makes it methods‚ especially its production processes‚ uniform/identical throughout its organization. Whereas for adaptation‚ a company would change their methods such as the price‚ promotion‚ packaging and/or the product itself in order to fit the needs and preferences of the market or a particular country. Adaptation occurs
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10 Tenets of MOT and the IT Organization A tenet is a principle based on observation‚ intuition‚ experience‚ and in some cases‚ empirical analysis. Based on a study presented in the Handbook of Technology Management by Gerard Gaynor‚ Ten tenets are proposed as guiding principles for an organization to operate within a technology cycle framework. These are: 1. Value diversification is a poor substitute for MOT. 2. Manufacturability must keep pace with inventiveness and marketability. 3. Quality
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Standardisation VS Mass Customisation Introduction Hospitality and tourism industry represent 5% of global Gross Domestic Product‚ it is also responsible for over 235 million jobs globally or one in every 12 jobs worldwide (UNWTO‚ 2013). Furthermore‚ it is the fourth largest export sector in the world (UNWTO‚ 2013). These facts prove that hospitality and tourism is a really large and promising industry. According to Cassee (1983)‚ hospitality is ‘a harmonious combination of tangible (products) and
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Information systems (IS) focuses on the system making use of technology and information technology (IT) focuses on technology and how it can help in disseminating information. Usually Information system are build using the information technology. Information system referring to system designed to create‚ store‚ manipulate‚ communicate and disseminate information. Information systems typically include an IT component but are not purely concerned with IT‚ focusing in instead‚ on the end use of
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Standard vs. local(refer to book pg no.407) 1. Attitudes towards advertising in general are important to assess as they have been shown to influence attitudes toward advertisements‚ brands and purchase intent. Businesses need to have a presence everywhere and yet limited resources only allow for some markets to receive funding for customized material (Rogowski 2004). Thus‚ from a financial perspective‚ some degree of standardization is always desirable. Over the past decade‚ marketers have recognized
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