Indonesia is one of the stars among emerging market countries. As these markets are growing, Indonesia stands out for having a very diverse culture (i.e. ranked 6th within Asia for ethnic fractionalization and cultural diversity score). In this chapter, we develop a branding strategy framework to successfully operate in such market since a successful strategy in one country may not be applicable in another country. A brand thus needs to understand the glocal approach. Reviewing extant literature and focusing on Indonesia as the international market setting, this chapter offers several contributions: First, it identifies challenges that companies face in building a strong international brand. Second, it offers a framework of brand strategy that is prominent in order to build and/or strengthen brand in a culturally diverse market. To successfully develop a brand in such market, three important factors need attention:(1) glocalization, (2) consumer-brand relationships, and (3) societal marketing.
|Titel||Analyzing the Cultural Diversity of Consumers in the Global Marketplace|
|Publikationsdato||30. apr. 2015|
|ISBN (Trykt)||1466682620, 9781466682627|
|Status||Udgivet - 30. apr. 2015|