Multinational Marketing Information Systems Term Paper

Multinational Marketing Information Systems - Term Paper congressmanThe strategy usually involves a choice to either standardize or adapt. Most of the time, the company chooses a strategy that is a combination of both normalisation and adaptation. Standardization refers to the application of a marketing mix to the whole global market the same solution applied in the companys rest home (North American) market, for instance, is used likewise employed in its newly opened Southeast Asian operations, for instance. This obviously has its drawbacks at first glance. Total standardization seldom whole works across different countries because of differences in language, consumer preferences, culture, laws, marketing infrastructure, and competition structure. (Alimiene et al, 2008) On the other hand, seldom does the total adaptation of marketing solutions work for a multinational enterprise, either. In such situations, the company could not take advantage of the economies of scale, market ing expertise, and information acquired in the other markets where the company maintains its presence. The ideal marketing strategy is one that exploits the advantages of macrocosm able to address the cultural differences of foreign markets and separate products that comes with adaptation, while at the same time employing the economies of scale and global market knowledge gained through standardization. The draw below is presented in order to better highlight the complications involved in multinational marketing strategy formulation. During product development, a stage of the business wheel around wherein marketing information plays a determinative factor, the multinational company employs a variety of internal strengths that may emanate from different locations around the globe. For instance, in the interpreter given the product concept is hatched in Singapore, approved in Houston, and designed in Singapore and Taiwan. The final assembly involves production plants in variant r egions of the world, for local markets.