This article discusses the role of social media in global marketing and branding, as well as the challenges faced by marketers. It also explores future innovations in global marketing.
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Running Head: Global Marketing, Brands and Social Media1 Global Marketing, Brands and Social Media Name Professor Institution Course Date
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Global Marketing, Brands and Social Media2 Introduction Global marketing involves changing the techniques used in the marketing of a particular company to correlate with conditions of other countries; however, it also entails an intense process of advertising goods and services with a reward. Generally, most businesses have already set offices to facilitate marketing in countries of their preferences(Farrell, 2015). Nowadays, the rapid increase of internet services has broadened E-commerce where even small business can offer services to consumers worldwide. Competition isa significant factor that drives many companies to extend marketing internationally. However, global marketing has severalbenefitsthatsteersitsadoptionwhichincludebranding,increaseinproducts effectiveness, among others(Vemić, 2019). The discussion below focuses on howsocial media and innovation has facilitated marketing and some challenges hindering effective marketing. Social media and brands in Global Marketing. Internationally, marketing has changed drastically in term of practices, regulations or standardsandtradingstrategies.Thesechangesarebeingstrengthenedbyconsiderable advancement in technology. Social media has become a significant platform in businesses, especially in marketing(Singh & Duhan, 2016). There are multiples programs such as Social Media Marketing Affiliate (SMMA) which constitutes enormous groups of people whose main objectives is to market and promote company’s products and services worldwide.It is the cheapest forms of marketing available that allow businesses to grow more and more every day. The popular and most significant social networking sites that offer these services include Facebook, Instagram, Pinterest, Twitter, YouTube, among others. Most of these sites not only allow companies to market through their platform but also provide an opportunity to create a business profile for free. Thus, they do not need any investment to begin(Kabani, 2016).
Global Marketing, Brands and Social Media3 Billions of people using social media around the world do not know about products and services offered by a specific company; therefore, it is the responsibility of the company to let them know. Generally, some of the activities conducted through the social network to spearhead international marketing strategies include branding that involves posting symbols or logos that identifies or differentiate products, trust building by engaging customers, and several others. However, global marketing requires a more profound understanding of the potential customers, products and services standards and products customization(Bowen, Ozuem, & IGI Global, 2016). International Branding A brand is a distinctive feature that distinguishes company’s products and services from their rivals in the eyes of the customer. Branding is developed in several areas including merchandise promotion, advertisement, logos, and customer services. It creates awareness to customers about the company, its product or services. The most significant element of branding is logos especially when dealing with products, and they are brought in to enhance the brand’s visual and corporate identity(Mooij M. K., 2014). When seeking to increase growth in business by expanding international markets, it is advisable to establish the identity as well. International branding typically involves advertising the products or services to customers in different countries and cultures. Global branding ensures that a company secures a consistent image across the world(Mooij & Hofstede, 2015). A company has a universal brand for all markets in several countries to ensure they achieve consistency that is why it is essential to have a branding strategy. For instance, they can have a single brand covering related products such as fat and oils, jams, among others(Kotabe, 2009).
Global Marketing, Brands and Social Media4 Furthermore, a company can post content about products and services and the critical idea is to boost brand awareness and drive more traffic to their sites. The strategy ensures there is an increase in the number of reads by social media followers across the globe who eventually becomes potential customers. However, customer taste and preferences forces a company to pay attention to varieties of products and services available in markets. It ensures that a company stands a chance to cope with stiff competitions worldwide(Nicholls, 2011). Challenges faced by marketers Marketing is not an easy task because of the problems associated with sustainability, entrepreneurship, and innovation of business organizations. Communication is one of the main challenges faced by marketers when they do marketing through social media and other forms. There is a problem in sustaining the same stories about the subject brands that are in question (Carvalho & Isaías, 2019). There is also a challenge of knowing and understanding the consumer market, what they need and their tastes. Marketers have a problem in maintaining sustainable information regarding their brands(Adhikari, 2018). Entrepreneurship and innovation are also vital factors that may cause challenges to the marketers in their lines of duty. The aim of the business keeps on altering the communication made by marketers while selling the brand of their goods and services. Innovation may also result in changes in the marketing department because of the adoption of new methods of marketing brands. It affects the sustainability of the communication made for the brands which is provided by the company(Little, Go, & Poon, 2017). Funding is another challenge faced by marketers. In a global perspective, most of the companies forget to fund the marketing department which alters the sustainability of various
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Global Marketing, Brands and Social Media5 organizations. Therefore, Lack of funding becomes a challenge to the marketers because they cannot be in a position to sustain their marketing activities for their brands in the market. Failure to fund the department kills innovation of new ideas of marketing the brand of the products provided by the company(Czinkota & Ronkainen, 2013). Unsupportive partners in the marketing department are also another challenge faced by marketers. Lack of support from fellow marketers is caused by choosing the wrong people in the team. It kills the agendas of entrepreneurship, innovation, and sustainability in the marketing of products and brands of an organization. Marketers end up facing challenges in coping with the stiff competition in the market from the other companies whose marketing activities are funded by the management(Wagner, 2017). Limited knowledge and weak business plans regarding the marketing of the brands is another challenge that marketers face while selling the brand of their companies. Poor business planning has adverse effects on the goals of a company and kills the entrepreneurship agendas of an organization. It also hinders sustainability of the marketing techniques, and such things have many disadvantages to the economy of a company compared with rest. Therefore, there would be no innovation and creativity in selling the brand in the market(Weidinger, Schmidpeter, & Fischler, 2014). In the global world, most companies have unrealistic expectations from the marketing departments which affect the marketer of a company. A company might be thinking big about its brands but on the other hand selling products that are not acceptable in the market. Such cases would demotivate the marketers who end up facing the market where their brands are not selling. Unrealistic expectations affect the innovation, sustainability and entrepreneurship agendas of the business(Agarwal & Wu, 2018).
Global Marketing, Brands and Social Media6 To ensure these challenges are solved in the marketing of brands globally, business organizations should ensure it keeps up with the market trends. Such things would give the marketers an easy time in knowing the needs of various consumers. They should also embrace social media to sell their brand. Social media would ensure there is a lot of information regarding the brand sold in the market. It would also cover a large area which in turn gives the marketers ample time for selling the brands. They are also supposed to come up with strategies and plans that cannot provide marketers with a hard time when doing their work. Business organizations should have clear entrepreneurship goals that would ensure there is sustainability in the market. Innovation and creativity should be incorporated in the marketing department to ensure their techniques are at par with the advancing technology(Lee & Carter, 2012). Future innovations in global marketing In the near future, consumer purchasing decisions will increase in complexity. They will be shopping various brands via the internet and other social media platforms due to the increasing technology advancement(Okazaki & Taylor, 2013). Their communication about different brands will be more prevalent and their product designs willbe more personalized by the year 2020. There will be transparency in the relationship between the customers and the brands provided by the business organizations. Social media is more transparent and these business organizations have started embracing the same to avoid confusion in the marketing (Jean, Chiou, & Zou, 2014). Accurate metrics about an organization brands will have emerged by the year 2020. Social media platforms have started indicating the data of viewers of the brands posted for marketing purposes. An organization marketing department will embrace the integrated team rather than using the digital silos they have been using from the past. Consumer purchasing
Global Marketing, Brands and Social Media7 decisions will be more advanced compared to current ways of understanding the same. The personalized data about marketing in the businesses will be friendlier to thecustomers as compared to the current data(Arora, Bacouel-Jentjens, & Edmonds, 2018). Conclusion In conclusion, it is evident that social media has contributed to the global marketing of different brands. Most organizations all over the world have embraced marketing through social media where they sell their brands using websites and social media platforms such as Twitter, Facebook, and Instagram. Companies should use social media platforms to ensure they achieve the entrepreneurship goals in their marketing. Innovation and sustainability can only be achieved if the business organizations provide solutions to the problems encountered by marketers all over the globe. References Adhikari, A., 2018.Strategic marketing issues in emerginmakeSingapore: re: : Springer. Agarwal, J., & Wu, T., 2018.Emerging issues in global marketing a shifting paradigm.Cham: SwitzerlanSpringer. .
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Global Marketing, Brands and Social Media8 Arora, A., Bacouel-Jentjens, S., & Edmonds, J. J., 2018.Global business value innovations building innovation capabilities for business strategies.Cham: Switzerland Palgrave Macmillan. Bowen, G., Ozuem, W., & IGI Global., 2016.Competitive social media marketing strategies.Hershey, Pennsylvania (701 E. Chocolate Avenue, Hershey, PA 17033, USA): IGI Global. Carvalho, L. C., & Isaías, P., 2019.Handbook of research on entrepreneurship and marketing for global reach in the digital economHershey:y : PA IGI Global, Business ScienReference.e . Czinkota, M. R., & Ronkainen, I. A., 2013.International marketing.Mason, Ohio: South-Western, Cengage Learning. Farrell, C. (Los Angeles). Globmarketing:g : practical insights and international perspectives.2015, SAGE. Jean, R.-J. B., Chiou, J.-S., & Zou, S., 2014.International marketing in rapidly changing environments. Bingley, U.K.: Emerald. Kabani, S. H., 2016.Momentum:m : how to propel your marketing and transform your brand in the digital age.DallaTexas:s : BenBella Books, Inc. Kotabe, M.,2009.The SAGE handbook of international marketing.Los AngeleSAGE.E . Lee, K., & Carter, S., 2012.Global marketimanagement:t : changes, new challenges, and strategieOxford:d : Oxford University Press. Little, S. E., Go, F. M., & Poon, T. S.-C., 2017.Global innovation aentrepreneurship:p : challenges and experiences from East and West.Cham: Springer InternationPublishing:gImprint:t : Palgrave Macmillan. Mooij, M. d., & Hofstede, G., 2015. International Journal Advertising.g .Applications to global branding and advertising strategy and research, 85-110. Mooij, M. K., 2014.Global marketing aadvertising:g : understanding cultural paradoxes.Thousand Oaks, Calif.: SAGE. Nicholls, S., 2011.Social media business:s : succeeding in the new Internet revolution.London: Bookinars. Okazaki, S., & Taylor, C. R., 2013. Social media and international advertising: theoretical challenges and future directions.International marketing view, 56-71. Singh, A., & Duhan, P., 2016.Managing public relations and brand image through social media.Hershey, Pennsylvania IGlobal.l . Vemić, M.,2019.Strategic optimization of medium-sized enterprises in the global markHershey:ey : PA Global.al . Wagner, M., 201.Entrepreneurship, Innova, ion and Sustainability.Routledge. Weidinger, C., Schmidpeter, R., & Fischler, F., 2014.Sustainable Entrepreneurship : Business Success through Sustainability.Berlin, Heidelberg: Springer Berlin Heidelberg : Imprint : Springer.