Global Branding of product in International Business
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This study aims to investigate the branding of products for achieving success within international business. It explores the notion of global branding and its importance. The study also critically evaluates the strategies associated with global branding.
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Research approach: -Inductive and deductive are the major approaches that are used within an investigation. Among them deductive approach will be used within this study as it is most suitable for quantitative study (Mzi, 2017). Other than this it supports in evaluating and analysing the quantified data appropriately that support the investigator in concluding findings effectively. Sources of data collection: -Primary as well as secondary are considered as two sources from where a researcher gather information. For performing this investigation both the methods will be used where primary information will be gathered with the help of questionnaire and on other side secondary information will be gathered using online sources where data will be collected by assessing the articles about the globalisation and about Cadbury related with the study area. Other than this certain books and journals will also be consider to provide the theoretical understanding of the research topic (Mackey and Gass, 2015). The secondary data will be gathered as it helps in developing an understanding regarding research topic which is previously found by other scholar and with the help of this understanding a direction to primary research can be provided. Sampling: -There are two type of sampling methods that are used within an investigation such as probabilistic and non-probabilistic manner. For performing this study, the probabilistic sampling method will be used where the sample size for this study would be 10 managers of Cadbury of marketing department as they have through understanding about the practices to be performed in best possible manner for performing global branding of product (Omland and Thapa, 2017). Only 10 managers are selected who are having years of experience, so that data from few people will help in providing the appropriate conclusion as per their experience in this area. REFERENCES Books & Journals Wiek, A. and Lang, D. J., 2016. Transformational sustainability research methodology. InSustainability science(pp. 31-41). Springer, Dordrecht. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Mackey, A. and Gass, S.M., 2015.Second language research: Methodology and design. Routledge. Omland, H.O. and Thapa, D., 2017, May. Methodological approach for identifying mechanisms in ICT4D: A critical realism perspective. InInternational Conference on Social Implications of Computers in Developing Countries(pp. 182-193). Springer, Cham. Mzi, Y., 2017. Teaching Research Methodology in EFL Classrooms: Bridging the Gap between Design and Delivery. Cavusgil, S.T., and et. al., 2014.International business. Pearson Australia. Winit, W. and et. al., 2014. Global vs local brands: how home country bias and price differences impact brand evaluations.International Marketing Review. Buckley, P.J., 2014. International integration and coordination in the global factory. InThe multinational enterprise and the emergence of the global factory(pp. 3-19). Palgrave Macmillan, London. Seyedghorban,Z.,Matanda,M.J.andLaPlaca,P.,2016.Advancingtheoryand knowledgeinthebusiness-to-businessbrandingliterature.JournalofBusiness Research,69(8), pp.2664-2677. Online Teeboom. L., 2019. The Advantages of Global Branding and Advertising. [Online] Availablethrough:<https://smallbusiness.chron.com/advantages-global-branding- advertising-18190.html>. Paimar.J.,2019.TheAdvantagesofGlobalBranding and Advertising.[Online] Availablethrough:<https://yourbusiness.azcentral.com/advantages-global-branding- Rationale of study The main purpose behind conducting this study is that researcher wants to determine the role that global branding plays for an international business. With thisstudy the investigatorwill throwlight over the importancepf global branding for a business to ensure smooth execution of business practices at global market (Winit and et. al., 2014). This in turn further help in determining the challenges to which an organisation go through which entering in global market and how the global brand act as a factor to reduce the intensity of these challenges and make the business run appropriately. Research Aim: - To investigate about the role global branding of product for achieving success within international business. Research Objective: - To explore about the notion of global branding of product. Todeterminetheimportanceofglobalbrandinginsuccessofan organisation. Toascertaintheseveralstrategiesassociatedwithglobalbranding product that contribute in its success at international market. Research questions Critically evaluate the importance of global branding of product for achieving success within international business? INTRODUCTION Overview of research The global brandings is consider as one of the most widely adopted method for expanding business at international level. By marketing a brand at global level, it becomeeasierfor a companyto startoperatingitsbusinessat international marketplace. Despite of this there are number of benefit an organisation get by adopting the global branding strategy (Seyedghorban, Matanda and LaPlaca, 2016). This mainly includes improvement of effectiveness of product or services offered by company as by entering into globally market they become able to develop understanding regarding several different improvements that can be made over current offering (Cavusgil and et. al., 2014). Background of research Global branding is considered to be a most important thing for the company which is operating at a global scale. This support in growth as success of a business as when a company operates with same brand name globally then it became easier for the company to increase its brand awareness among customer base more largely (Buckley, 2014). For determining the role of global branding for a international business this study is conducted. CHAPTER 2: LITERATURE REVIEW Theconcept of global branding of product According to the view point of Leon Teeboom, 2019, global branding is defined as the act of marketing of product or services under a single brand name within several countries along with similar kind of marketing strategy which is centrally coordinated. In other words it can be said that offering product or services whose strategy, marketing, positioning, feel and look are mainly remain similar from country to country. It mainly about creating a standardized global marketing strategy in order to present market with a particular product or services that get recognized worldwide, regardless of any content, nation or region where it is marketed. The benefits that Cadbury get by through global branding of its product According to John Palmer, 2019, global branding involves a process of creating brand consistency and messaging in countries throughout the world. By doing so there are number of benefit that an organisation gets. This mainly includes,consistencyinmessagingandbrandingwhichmeansthatifan organisation wants to perform well then it must represent same message and impression no matter to the area a customer mainly belongs. This help in ensuring that each individual are getting approached with a single strategy which never let the concentration of brand to get diverted. Ways in which global branding of product support Cadbury in achieving success within international business. According to the view point of Buckley, P. J., 2014, Global branding is a medium through which an organisation get a chance to reach over a international platform with the current strategies or approaches that remain known. This make it easier to operate these operations at global level effectively. Several strategies for Other than this by adopting global strategy it become possible for an organisation to enhance its business operations effectively. This is so because by promoting a product at global market, an organisation come into contact with several improvement that they could made to their product in order to alter them as per the demand of customers. For example, to achieve sustainability within a host country an organisation alter its product as per the taste and preference of customers and also found new ways of improving the product which in turn help in gaining the customer acceptance that leads to organisational success at global market. CHAPTER 3: RESEARCH METHODOLOGY Research philosophy: -The philosophies are mainly considered as either interpretivism or positivism within a study. But for performing current study positivism philosophy is consider to be more suitable as it helps in presenting factual and quantitative information which help in providing the outcome of investigation in more accurate and reliable manner (Wiek and Lang, 2016). Research design: -Descriptive, explanatory, exploratory and experimental are the type of research design.Among them the descriptive research design will be taken into consideration as it help in presenting the information in detailed manner that remain easierto understand so further conclusion can be extracted out of it. Type of method: -The qualitative and quantitative are the two type of investigation which are mainly consider by a scholar. Among them quantitative method of investigation is consider to be more suitable for this study as it supports in collecting the numerical facts and figures on behalf of which the