cultural dynamics in assessing global markets

11
Cultural Dynamics in Assessing Global Markets

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Cultural Dynamics in Assessing Global Markets. 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. Birthrates (per 1000 women). - PowerPoint PPT Presentation

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Page 1: Cultural Dynamics in Assessing Global Markets

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 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 - 5

Birthrates (per 1000 women)

• Insert Exhibit 4.1

Page 4: Cultural Dynamics in Assessing Global Markets

4 - 6

Patterns of Consumption (annual per capita)

• Insert Exhibit 4.2

Page 5: Cultural Dynamics in Assessing Global Markets

4 - 7

Consequences of Consumption

• Insert Exhibit 4.3

Page 6: Cultural Dynamics in Assessing Global Markets

4 - 9

Origins, Elements, and Consequences of Culture

• Insert Exhibit 4.4

Page 7: Cultural Dynamics in Assessing Global Markets

4 - 13

Hofstede’s Indexes, Language, and Linguistic Distance

• Insert Exhibit 4.5

Page 8: Cultural Dynamics in Assessing Global Markets

4 - 14

Elements of Culture

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

• Rituals- Marriage- Funerals

Page 9: Cultural Dynamics in Assessing Global Markets

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

Page 10: Cultural Dynamics in Assessing Global Markets

4 - 16

Metaphorical Journeys through 23 Nations

• Insert Exhibit 4.6

Page 11: Cultural Dynamics in Assessing Global Markets

4 - 20

Cultural Change and It’s Impact

MTV Meets Mom in Mumbai!