Analyzing Social & Environmental Factors for International Marketing
VerifiedAdded on 2023/04/07
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Report
AI Summary
This report analyzes the social and environmental factors influencing international marketing strategies, with a specific focus on Mr. Bean Company's potential expansion into Thailand, Bangkok, from its existing operations in Singapore. The social analysis highlights Singapore's blend of traditional and Western values, a hardworking employee base, and high literacy rates, while Thailand emphasizes hierarchical relationships and traditional family values. The report suggests adapting product offerings to local tastes, particularly in Thailand, where traditional food preferences are strong. The environmental analysis covers Singapore's efforts to combat pollution and water scarcity, along with Mr. Bean's environmentally conscious initiatives. Similarly, it addresses Thailand's environmental challenges, including air and water pollution, and emphasizes the need for sustainable practices in line with the country's national development plan. The report concludes by advocating for the adoption of similar environmental strategies in both markets, including waste management, recycling, and the use of renewable energy.
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