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Welcome to Introduction to International Marketing by Dr

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1 Welcome to Introduction to International Marketing by Dr
Welcome to Introduction to International Marketing by Dr. Satyendra Singh Professor, Marketing and International Business University of Winnipeg Canada

2 The International Model

3 Culture: Self Reference Criterion (SRC) and Ethnocentrism
SRC: one’s own cultural values, experiences, and knowledge as a basis for decisions Ethnocentrism: one’s own culture or company knows best how to do things SRC and ethnocentrism impede the ability to assess a foreign market in its true light

4 The Obstacle Meanings, values, symbols, and behavior relevant to our own culture are different from those of foreign cultures Relying on one’s SRC could produce an inadequately adapted marketing program

5 Avoiding the Obstacle Define the goal in foreign-country cultural traits, habits, or norms, with natives of the target country. Make no value judgments. Isolate the SRC influence on the goal. Redefine the goal without the SRC influence.

6 Isolating SRC from goal?

7 Developing a Global Mindset
Tolerance of cultural differences Understanding such differences and accepting and working with others Knowledge of Cultures History Market potential Economic, social, and political trends

8 Example of Cultural Differences and resolutions…

9 Example of Cultural Differences and resolutions

10 In Iran, Saudi Arabia…, the controversy

11

12 Even a neutral word “Joy” can be controversial

13 May be unacceptable in some cultures  hampers creativity and standardization  and therefore profitability

14 The alternatives at the expense of creativity

15 More important in luxury

16 True luxury advertisements are even different Clive Christian Imperial Majesty + $200,000

17 In-Class Group Activity: 30-45 minutes
SRC and Ethnocentrism Identify international brands (6 each for SRC and Ethnocentrism) Explain how these brands overcame the SRC and Ethnocentrism challenges Show advertisements to support your explanation for each brand Prepare a 15-minute (Max) group presentation using PowerPoint Slides Please the PPT slides at and write “your group # and SRC/Ethnocentrism” in the subject line, so I could browse it before your presentation.


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