The authors quote Michael Anderson's summary of costs and benefits that transnational agencies bring to their host nations, ending with "What can be said with some certainty, however, is that the presence of the multinational advertising agency in any developing economy does generate some tensions and conflict."
Research evidence for or against this claim and discuss its merits.
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Advertising in developing markets can have both positive and negative effects. It is, in many ways, a sword that cuts both ways. On the other hand, host nations obviously realize that international marketers and their agencies do make contributions to host societies, which is why they allow them to operate within their borders in the first place. Indeed, in numerous instances corporations and agencies are invited to enter these markets and are even offered concessions, incentives for foreign investment, and tax exemptions (Del Toro, 1986), A good many products have proven to be both of value to consumers in developing nations and profitable for international marketers. And, as noted, advertising has been employed in combating social ills and improving health and hygiene in many less developed markets.
On the other hand, there are real dangers associated with the use of marketing and advertising in developing countries. Over commercialization of the media may well result in the decline of local programming unless protective steps are taken. Deceptive campaigns and the promotion of undesirable or dangerous products pose potential health and other risks for Third World consumers. Additional regulatory bodies are needed to fulfill a watchdog function. It is ...
Research article about the harmful effects of multinational advertising of infant formula, with model sample essay and URL reference.
Request for input and insight to each of the global business inquiries...
In your own words, based on your education and experience, provide me with input and insight to each of the inquiries to help enable a better understanding of the content. Thanks.
A. What are the basic factors involved in deciding whether to use standardization or customization in global marketing? As a reminder, the ethnocentric, polycentric, and the geocentric approach are 3 basic factors that a firm should analyze before deciding whether to standardize or customize their international marketing strategy.
B. What are some of the fundamental issues that must be addressed in international advertising? As I personally understand it, the 3 fundamental issues that must be addressed in global advertising are defining the message one wants to get across to the consumer, determining how the message will be communicated to the consumer, and whether or not the message should be revised because of the market it is being broadcast to.
C. Are the four Ps of international marketing of equal importance to all firms? What might cause some to be more or less important than others? As I personally understand it, product, pricing, promotion, and place -- are not of equal importance to all organizations.
D. What are the pros and cons of trying to use a single brand name in different markets, as opposed to creating unique brand names for various markets? As I personally understand it, globalization has caused some multinational organizations to create branding strategies that are similar in both domestic and international markets.
E. How do legal, cultural, and economic factors in the Multi-National Corporation's home country affect their international product policy?View Full Posting Details