Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Friday, July 31, 2015

5 Disadvantages of Global Market!

5 Disadvantages of Global Market



There are differences in: 
  • consumer needs and wants, and usage patterns for products
  • brand and product development
  • the competitive environment. (High or Low)
  • the legal environment, some of which may conflict with those of the home(Local) market
  • the administrative procedures and product placement can occur


By conducting thorough research, you will find the proper ways to adapt to distinct aspects of the target country or countries (e.g. examine social, economic, political situation, international and exchange rules).





Friday, July 24, 2015

The Top 10 Cities For Marketing Jobs Right Now!

Based on the Forbes' information which it's listed below does not reflect a precise number of available jobs, as an opening can be listed more than once or remain online after it’s been filled. Still, the numbers indicate a strong gauge/measurement of current national hiring demand for marketing jobs.

It is remarkable that if a local company or a marketer would like to move globally in other countries to take advantage and find better job openings for their business then they should make a proper research.


These are The Top 10 Cities For Marketing Job Openings:




1. New York, NY — 2382 job openings












2. San Francisco, CA—1313 job openings











3. Chicago, IL — 759 job openings










4. Los Angeles, CA — 597 job openings













5. Boston, MA — 585 job openings












6. Seattle, WA — 503 job openings












7. Atlanta, GA — 441 job openings












8. Washington, DC — 384 job openings












9. Austin, TX — 381 job openings












10. Dallas, TX — 368 job openings









Sources Of Information:

Source1
Source2-Pictures
Pic-Texas

Friday, June 26, 2015

SMART objectives!




Meeting marketing objectives should lead to sales. If not, you need to set different marketing objectives in order to have the desired result. In addition, they should be clear, measurable, and have a stated time frame for achievement.


In other words, the objectives should be SMART: 
Specific, Measurable, Achievable, Realistic and Timely

Based on the source below, you can understand that we need to bear in mind this approach in order to accomplish our goals, targets and objectives.



















Picture Source

Table Source

Friday, June 19, 2015

What are the characteristics of successful international brand names?

When a new product is developed, a distinctive brand name should be chosen to differentiate it from similar competitive products. Some characteristics should be present in order for an international brand name to be successful.

Not only should it catch the customers’ attention but it must also be memorable. The brand name should be simple. For example, Coca-Cola has four syllables but we notice how smoothly it rolls on the tongue.

The connection to the product’s positioning in the potential consumers’ perceptual map is an essential characteristic. For example when the brand name of a product is the word “One” then this reflects its position in its category. In order for Brand names to be successful, they should communicate to the consumer the use of the product. For instance, the brand name “Wash & Go” shows its relation to fast and effective cleaning.

Moreover, successful brand names should develop a nickname for example “Coke” for “Coca-Cola”, “Bud” for “Budweiser Beer”. It is worth mentioning that, short and easily-pronounced brand names help the customer remember them comparing.

Uniqueness is another important characteristic that brand names should have. Brand names do not need to be weird; having a novel and exceptional however will distinguish it from other similar products. Finally linking a visual image to the brand name helps the consumer remember it better.

Friday, June 12, 2015

Language: A virtue and A barrier

 To begin with, language is one of the fundamental elements of culture and sometimes it can become a barrier to effective communication. Hence, we need to take into consideration this crucial element in order to avoid translation errors. An ad campaign, a product or a brand image either locally or globally can be devastated because of the translation errors. Moreover, if you have the ability to speak the language well, does not eliminate the need for translators.  It is worth mentioning that no method is foolproof for avoiding translation errors but a double translation is the safest way. Specifically, use two translations, first by bilingual native and second, by a bilingual foreigner in order to compare and have the proper result.

Below there are some examples of translation errors:

In Bangkok dry cleaner’s boast
“Men, Drop your trousers here for best results”


In a Japanese hotel
“You are invited to take advantage of the chambermaid”


In a Copenhagen airline ticket office
“We take your bags and send them in all directions”


American deodorant manufacturer’s international theme “If you use our deodorant, you won’t be embarrassed in public.”

Sent Spanish translation in Mexico

- Translator used word embarazada, in Mexican (Spanish=pregnant)

The name Coca-Cola in China was first rendered as 
Ke-ke-ken-la.  
Thousands of signs later found out that the phrase means "bite the wax tadpole" or "female horse stuffed with wax" depending on the dialect. Coke then researched 40,000 Chinese characters and found a close phonetic equivalent, "ko-kou-ko-le," which can be loosely translated as "happiness in the mouth."
















Picture References In Order For Listing:
Pic1-Bangkok
Pic2-Japanese
Pic3-Copenhagen
Pic5-America
Pic4-Coca-Cola Logo
Pic4-Coca-Cola In China



Friday, May 1, 2015

The power of Co-branding!

To begin with, a marketing manager needs to decide which approach is the best in order to develop a powerful global brand name of his/her campaign.
  
Co-branding is a form of cooperation between at least two or more brands of goods or services. Through this form, the participants can create synergies which are valuable for both. Mostly, in case of co-branding, the products are complementary in the way that one product can be consumed or used independently of the other product or service.

Below there are some examples of co-branding:

Enjoy the various commercials! 

T.G.I Friday's +Jack Daniel's



Nike + iPod


Philadelphia + Cadbury

Friday, February 27, 2015

Welcome to my blog!



Hello new friends! My name is Rafaella Stavrou. 

✍ Through this blog, I aim to raise your global awareness and expand your knowledge related to global marketing. 

How globally aware would you say you are? 

What strategies do you have for reaching the international marketing community?


Let's go global then!