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Culture
society’s personality— values, ethics, objects/services valued by that group of people
Rituals
set of symbolic behaviors that occur in a fixed sequence and tend to be repeated periodically
Economic Exchange
giver transfers an item of value to a recipient, who in turn reciprocates
Symbolic Exchange
giver is motivated by unselfish factors and does not expect anything in return
Rites of passages
rituals we perform when there’s a change in social status
Etic Perspective
focuses on commonalities across cultures
Emic perspectives
focuses on variations within a culture
Cross Cultural Analysis
examining the degree to which consumers of two or more cultures are different or similar in terms of psychological, social, and cultural factors
Cancel Culture
a form of rejection in which a person or brand is thrust out of social or professional circles
What are the pros of standardized marketing?
Economies of scale, Faster set up time, Single coherent global image, Excellent monitoring of communication
What are the pros of localized/adaptation marketing?
Respect local specifications and expectations
Excellent local image
Customers keep their landmark and feel noticed
What are the three factors that differ across culture?
Taste
Values
Norms
What are Hofstede’s 6 values of dimension?
Power-distance
Uncertainty avoidance
Masculinity/Femininity
Individualism/Collectivism
Long-term orientation
Indulgence vs restraint
What is power-distance?
degree to which society’s members are equal in terms of status
example: asia vs. scandinavian countries
What is uncertainty avoidance?
society’s tolerance for uncertainty and ambiguity (high = dislike)
example: japan vs. denmark
What is masculinity-femininity?
extent to which a culture stresses ‘masculine’ values like assertion and success and feminine values like warmth, caring
example: japan masculine culture vs. sweden feminine culture
Individualism-Collectivism
extent to which the welfare of the individual vs. group
example: USA vs. China
Long-term Orientation
orientation toward future rewards; short-term orientation fosters virtues related to past and present
example: China vs. USA
Indulgence vs. Restraint
society permits gratification, fun, enjoyment
example: Brazil vs. Japan
Enacted Norm
rules explicitly decided upon
Crescive Norms
unspoken rules discovered through interaction with members of the culture
Custom
norm handed down from the past that controls basic behaviors
More
custom with a strong moral overtone; involves taboo or forbidden behavior
Conventions
norms regarding the conduct of everyday life; the “ideal” way to do things
What are the three distinct stages of gift-giving?
Gestation: giver is motivated to procure a gift
Presentation: process of gift exchange
Reformulation: bond between giver and receiver changes to reflect new relationship after exchange
What are the cons of standardized marketing
Possible loss of advertising effectiveness
Little reactivity and little flexibility
Can create negative reaction from neglecting local needs
What are the cons of localization marketing
Higher cost
Time consuming and poor speed of execution
Difficulty to know what consumers really want