The document discusses the importance of international markets for companies. Globalization has reduced barriers to global trade and competition, allowing products and brands to be successful worldwide. To survive and grow, companies must look beyond domestic markets to foreign opportunities. Operating internationally provides economies of scale, lower costs, and the ability to introduce ideas globally. However, companies must also consider cultural, demographic, economic, political and legal differences between countries when marketing abroad. Consistent branding and adapting messages visually can help navigate these challenges.
The document discusses the importance of international markets for companies. Globalization has reduced barriers to global trade and competition, allowing products and brands to be successful worldwide. To survive and grow, companies must look beyond domestic markets to foreign opportunities. Operating internationally provides economies of scale, lower costs, and the ability to introduce ideas globally. However, companies must also consider cultural, demographic, economic, political and legal differences between countries when marketing abroad. Consistent branding and adapting messages visually can help navigate these challenges.
The document discusses the importance of international markets for companies. Globalization has reduced barriers to global trade and competition, allowing products and brands to be successful worldwide. To survive and grow, companies must look beyond domestic markets to foreign opportunities. Operating internationally provides economies of scale, lower costs, and the ability to introduce ideas globally. However, companies must also consider cultural, demographic, economic, political and legal differences between countries when marketing abroad. Consistent branding and adapting messages visually can help navigate these challenges.
The document discusses the importance of international markets for companies. Globalization has reduced barriers to global trade and competition, allowing products and brands to be successful worldwide. To survive and grow, companies must look beyond domestic markets to foreign opportunities. Operating internationally provides economies of scale, lower costs, and the ability to introduce ideas globally. However, companies must also consider cultural, demographic, economic, political and legal differences between countries when marketing abroad. Consistent branding and adapting messages visually can help navigate these challenges.
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International Advertising
Importance of International Markets
• One of the major developments in the
business world during the decade of the 90s was the globalization of markets. The emergence of largely borderless world has created a new reality for all types of companies. Today, world trade is driven by global competition among global companies for global consumers. • With the development of faster communication, transportation, and financial transactions, time and distance are no longer barriers to global marketing. Products and services are developed in one country quickly find their way to other countries where they are finding enthusiastic acceptance. • Consumers around the world wear Nike shoes and Calvin Klein jeans, eat at McDonald’s shave with Gillette razors, use Apple and Dell computers, drink Coca-Cola and Pepsi Cola soft drinks and Nestle coffee, talk on cellular phones made by Nokia and Motorola, and drive cars made by global automakers such as Ford, Honda, and Nissan. Why Global Markets? • Limited opportunities in domestic markets • Foreign Markets to survive • For growth and profit • For joint ventures and strategic alliances • Any firm either big or small can compete in the IM The International Environment The Economic Environment Stage of economic development Economic structure Standard of living Distribution of wealth Currency stability Exchange rates Cultural Environment • Languages • Lifestyles • Values • Norms and customs • Ethics and moral standards • Taboos Demographic Environment • Size of population • Number of households • Household size • Age distribution • Occupation distribution • Education levels • Employment rate • Income levels Political/Legal Environment • Govt policies • Laws and regulations • Political stability • Nationalism • Attitude towards multinational companies Advantages of Global Marketing & Advertising • Economies of scale in production & distribution • Lower marketing and advising costs as a result of reductions in planning and control • Abilities to exploit good ideas on a worldwide basis and introduce products quickly into various world markets • A consistent international brand or company image • Simplification of coordination and control of marketing and promotional programs When it is good? • Brands or messages that can be adapted for a visual appeal, avoiding the problems of trying to translate words into dozens of languages. • Brands that are promoted with image campaigns that play to universal appeals such as sex or wealth. • High-tech products and new products coming to the world first time not steeped in the cultural heritage of the country. • Products that appeal to a market segment with universally similar tastes, interests, needs, and values. ADP.e.V./German Cancer Aid • Headline: The sun is 10 times more dangerous to your child than it is to you. Protect your child. • Subhead: - • Bodycopy: - • Baseline: - • Agency: Heimat Werbeagentur GMBH • Client: ADP.e.V./German Cancer Aid • Headline: Hurricane in US... ... Petrol prices sore in Mumbai. • Subhead: • Bodycopy: In life all things are connected. Even an event half way around the world can affect your hometown. Which is why, 'YOUR WORLD TODAY', CNN's fast-paced and dynamic nightly news program, ensures that you stay connected to the latest breaking news, global news, sports, business and weather information. Make the connection. Watch 'Your World Today' Mon-Fri 8:30 p.m. to 12:00 a.m. • Baseline: Be the first to know. Baygon All Insect Killer • Headline: The average lifespan of a female mosquito is 3 to 100 days. Now you can cut that down to 3 seconds flat. • Subhead: - • Bodycopy: - • Baseline: Nothing kills faster. • Agency: Foote Cone & Belding, Singapore • Client: Baygon All Insect Killer