Have a look at cases of Kellogg's and McDonald's and how they almost lost out in the Indian market.
Key Takeaways
1. It is important to be aware of culture, laws, behaviour, etc. of the target market.
2. Exhibiting respect towards local culture can help brands gain initial acceptance.
3. This is extremely important for companies that are trying to go global and capturing market shares in new economies.
4. As seen in the case of McDonald's, at times it is important to redesign the product as per the local culture.
This chapter is a part of "Brand Management" Course on Konversations. It's a unique masterclass by Rajesh Srivastava, the man who has nurtured brands like Bagpiper and Park Avenue deodorant and taught at bschools like IIM Indore and S. P. Jain School of Global Management. Check out the free sample module of the course here.
If you have ever dreamed of building a brand or becoming a brand yourself, then this course is for you.
Comments
Kedar Hargude
Can you please conduct such events in Pune?
9 Sep 2017, 10.24 PM