International Marketing
Ethnocentrism is an attitude of superiority, in a cultural sense, where one thinks that one's culture is superior to the others'. Ethnocentrism is the basis of the racism and nationalism and the tribalism sentiments that exist in the world of humans. (Definition of ethnocentrism) In addition, ethnocentricity is generally accompanied by a feeling that because one's own culture is the bets, it is easy to feel contempt and hatred towards other cultures that exist, and also, because of this feeling, the world is also seen through rose tinted glasses. (Speak Soft, Speak Sure) This means that since our own culture is the best, it automatically means that all the others must fit into the expectations that are a part and parcel of our culture, especially since their culture is so inferior to ours. Here it has to be mentioned that the concept of Ethnocentrism cannot be said to be a part of the culture of certain sects of people, in any particular country; it is rather a general feeling that exists in all human beings anywhere in the world. (Mission Resources)
Self-reference on the other hand is when an object refers to itself, when there are two logical levels of a level and a meta-level. The concept of self-reference is generally used in philosophy, mathematics, linguistics, computer programming, and so on, and statements based on the idea of self reference tend to lead to paradoxes. (Self reference definition) How do the concepts of ethnocentricity and self-reference affect the world of International Marketing? In a paper written by Mark Speece and Krairoeck Pinkaeo the concept of 'ethnocentrism' is examined by taking as examples the instances where the price/equality relationship that is generally seen in several countries all over the world deviates from the accepted norms. The examples that are stated are taken from life insurance and from certain international programs held in Universities of Thailand.
It was noticed that when consumers were asked to rate the Thai services being offered in evaluating the country of origin brands and their designs, Thais rated the services of Thai as being the very best, thereby demonstrating the fact that ethnocentrism did exist. However, it must be remembered that this may not be an accurate method of assessing ethnocentrism in Thailand, since it is an irrefutable fact that most consumers tend to believe that the goods and services, as in this case, being offered by their own country are of the best quality, unrivalled by any others. Therefore, it goes without saying that when the consumers believe that these services are of the best quality, then they will be ready to pay the price for the quality, as better quality is always associated with higher prices. However, in Thailand, it was seen that the Thais were not ready to pay the appropriate price for the quality that they were expecting, and this is the basis of this paper.
It is a fact that the influence of the World Trade Organization and the General Agreement on Trade in Services has created a rapidly growing market for trade in services. Though this may be a very good symptom of the future prosperity and growth of world trade and international business, the very subtle but very real barriers of ethnocentrism must be acknowledged by the open service markets and the foreign services and trading sector who wish to establish a base in any foreign country. The issue of ethnocentrism can be taken in the light of the broader issue of the problem of the 'country of origin' or COO, as it is referred to, when foreign services generally bring their own images of their own country with them when they enter the other country, and the initial judgment is passed by the consumers after a very short initial evaluation, especially in cases where the entrant is a virtual newcomer, and there is no previous experience to judge from. The perceptions, based on the 'country of origin' may become quite distorted by ethnocentrism, wherein the products and services being offered at home seem to be much better and more attractive to the domestic consumer in every aspect than those that the foreigner is trying to sell in the International market. (Service expectations and consumer ethnocentrism)
Sometimes it can even so happen that the consumer feels an innate and newfound obligation to buy his own country's products, and not those that are being offered by the newcomer. It is a fact that nobody has been able to give a satisfactory definition or explanation to the problem of ethnocentrism. There is a general opinion...
International Marketing In many ways, domestic marketing and international marketing are similar. They are based on the same fundamental principles of using price, product, place and promotion to craft appeals to customers that will enhance sales. There are certain facets of international marketing, however, that are slightly different. Marketers need to be aware of what these similarities and differences are. In terms of similarities, the fundamental things that a company must pay
International Marketing The beginning of the introduction is a bit clumsy, but this is a style issue and not material to the paper. The subject is introduced well. The authors do a good job of framing the problem. It is easy to understand that the debate is between two options that are essentially mutually exclusive in using a consistent global marketing program vs. tailoring the marketing program for each country or
International Marketing One of the fastest growing and most profitable investment opportunities open to international entrepreneurs today is the possibility of constructing entities known as 'virtual corporations' or 'hollow corporations.' Such companies are designed to capitalize on outsourcers' points of leverage to achieve greater efficiencies, lower costs, and access to resources, thus increasing one's own competitive advantage. In other words, because of one's proximity to particular goods, without much capital, by
International Marketing The Future Automotive Market Analysis in Europe and North America Driving in Europe and in the United States has a lot of different things. For the different shape of geographical condition, available funding and different approaches in policies, there would be differences in the type of vehicle people choose, or the type of public transportation the government would provide for the whole community. There is no doubt for the cultural factors
International Marketing Comparison of Spain and Czech Republic This paper is written out in the form of a comparison between the two countries of Spain and Czech Republic. In all the sub-heads, the situation in Spain is first discussed and that is followed by the relevant description about the Czech Republic. In all reasonableness, Spain has been a poor country with low employment, and this is being solved with temporary employment
International Marketing A situation analysis is termed as a foundation to be used for a marketing plan. A situation analysis normally includes an examination of both the internal and external factors that can affect a business. A situation analysis creates an overview of the organization that acts as a guide to understanding the factors that influence the future of an organization (Lorette, 2010). The paper will look at the situation analysis
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now