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Dissertation on Factors Affecting Products Entering Emerging Market

Category: Marketing Paper Type: Dissertation & Thesis Writing Reference: HARVARD Words: 11000

            It is necessary for the companies for launching their products in foreign markets the organizations must learn about the culture and various other factors of the foreign country. The culture of the country includes norms, values, religions, and language.  Companies require various essential information about the culture of the country while launching their products in emerging markets. The paper aims to analyze and evaluate factors that are affecting the entry of new products in the emerging markets. The qualitative research method is used in this study under the interpretative paradigm and inductive research approach. Under the qualitative research methods, two cases studies have been discussing in this study for sharing their success in the emerging markets. These case studies are the success stories of Toyota and McDonald. Toyota is Japanese companies and it discusses its stories in China meanwhile McDonald is the international brands and it discusses its success story in India. It has been analyzed in this study that there are the four major factors that can affect the Products Entering in Emerging Market. These factors are advertisements, logistics, strategy, and cultural factors. All of these factors are affecting significantly products entering emerging markets.

Key Words on Factors Affecting Products Entering Emerging Market

Advertisements, logistics, strategy, cultural factors, Emerging markets, McDonald, Toyota

Introduction of Factors Affecting Products Entering Emerging Market

        With the development of globalization, you can easily understand the cultures, products, and competition of different countries. So how to enter an emerging market and occupy market share has become a very important strategy for the company. A good product must have good marketing, and good logistics plus its own good management can win market share. For example, the Toyota Company entered China in the last century. With good quality and stable logistics, it has good after-sales experience for customers. It has found a supplier in China, has a complete supply chain, and reduced the direct search for suppliers from Japan.

        The price has won the Chinese market, and Toyota has built a car suitable for Chinese consumers according to different cultures and different living environments, so Toyota entered the Chinese market in a short time; As we know the restaurant industry in India will out of pork products, McDonald's entered the Indian market. According to the local culture of India, pork products were eliminated, suppliers were found in India, and a complete supply chain was organized to reduce costs. So successfully entered the Indian market. These two columns show that the prerequisites for entering an emerging market are: first, good products; second, respecting different cultures and different markets; third, finding a complete supply chain and logistics in the local area; fourth, reasonable Entry strategy.

    It will analyze how a product will enter an emerging market. For example, before entering the market, research is there any policies, cultures, laws that have an impact on this product. What is the competition in this market? Is there a substitute? And establish warehouses, factories, market research, and find suppliers before entering the market. Because when a product enters the market, competition has begun. The core of competition is stability, high quality, reasonable price, and perfect after-sales service. Just like the above, before entering the market, understand local laws and policies, culture, is to enter this market in a stable manner, and to develop stably in this market. The complete supply chain is to increase competitiveness. This article is intended to help companies that have plans or are about to enter emerging markets to help them enter the market smoothly.

Background of Factors Affecting Products Entering Emerging Market

        Companies have to face different issues when they going to enter an international market which is in one of the most understandable things at different cornerstones of a specific culture. It has stated as “for the better understanding of different aspects of a culture, it could the classified into different categories to make it simple and easier. One specific category could be self-sense and self-space. Appreciation and self-identity in several cultures could be expressed in many ways. Instantly, this thing is more acceptable to brag in some particular cultures while people will become more humble in other cultures. Peoples exists in some particular cultures are formal and more structured while others may be informal and lenient. So in simple words, we can categorize the culture to make it easier to understand the culture from different angles.

        Increasingly the global world, the businesses should adopt new changeable and manageable strategies to particular market they want to enter easily, to compete and to survive. International emerging markets with a large number of population in the world like china have 1.4 billion population, Brazil having 210 million population and India has 1.3 billion population are very popular and profitable targets for foreign business to enter in because of larger populations, underdevelopment of their economies and having the increasingly business-friendly infrastructure. Cultural differences purely depend on the long term organizational success in the new and foreign markets for better understanding and embracing.

        Many critical or complex problems may occur when a company enters or tries to enter in the new market, it might encounter, such as the cultural differences with the audience. The complete concept related to the culture is quite broad, open and wide and it rather hard to comprehend. Organizations must have to consider the differences like language, religions, social standards and demographics to take cultural differences. When a company enters a new market to enhance their businesses there could occur some in problems which it might encounter, such as the cultural differences. For cultural differences into consideration, companies have to take according to the language, religions and social standards and demographics. The entering process to enter in the market and the cultural shock could be less painful if the company has the information and knowledge it needs.

        For the sake of entry is also a vital matter for companies, for example company needs to under find and understand that what mode of entry is best for elected market (where company is going to start the business ), and how to do combine the all modes of the entry processes with cultural differences, stated by David Kilsgard 2008.

    For expanding the particular business into the new markets and segments could be expensive investment because proposed company is newest ever in the new market where it must have to learn first , give an awareness to buyers and have to set a the trends what others could not do easily where the many organizations simply fail to do successfully. While many of the competing companies will try to implant their business model and their organizational culture to the different areas of the particular segments of the market. They often take a wider look at one of the most important steps during the planning and designing the culture. The amazing thing of understanding the culture allows the organization to connect directly to with your customer and to build up successful and profitable relationships in ever-changing the whole global world.

        The Chinese use the term to be better 关系 (Guānxì) and Indians use (jugged) unique cultural aspects that permeate every single country’s zeitgeist. Some examples that point out the perspectives of life which are critical to a country or cultures’ collectives, it does put an effect consciously or subconsciously to every person within the specific group. The truth is every company will find the cultural differences around the whole world that want to expand their businesses worldwide and they must understand these cultural aspects with the business practices. It has been stated by the previous research that has been done in several fields of the emerging markets, cultures, marketing as well as the mode of entry and in addition to several members.

        The issues will found related to the interesting cultural differences and the effect of culture has on companies marketing strategies as well as the mode of entry of their choices.  We are just focusing on that what the other Swedish companies consider to be their main concerns related cultural differences when companies are going to enter in the foreign, multinational or international market and how they should solve the issues. As I mentioned above states that the companies often take a wider look at one of the most important steps during the planning and designing the culture.

        The amazing thing of understanding the culture allows the organization to connect directly to with your customer and to build up successful and profitable relationships in ever-changing the whole global world. Companies must have to solve the issue and that could emerge from the cultural differences. We need to work with the Swedish companies, including different industries that might be entered in the market several years ago, and the east European markets instead of companies that just recently entered those markets.

        The main reason of conducting this research is that many organizations are always looking for new opportunities to expand the business in the emerging markets and their attraction for their eastern European markets comes into place mostly from the new political freedom in those countries and the respected cultures, this concept has been taken and stated Hollensen, 2007.

        For a new country which has been entered in the business which is established by the company itself in, there a new culture exists which may create an issue to the company in the many areas for expansion of business and it is caused by the cultural difference has been showing in figure 1.1 of on your handbook. This notion is simply aimed to research which kind of and how many issues have to deal with the Swedish companies when they entered in the Eastern European markets and how they fix that kind of highlighted problems. That means that this concepts concerns about when the many Swedish companies entered in the new markets, they had faced many several issues that did create the complexity to expand the business, at that time what the policies they adopt and design and how they resolve those issue successfully.

    From this research a guide for other companies planning to enter east European markets that have been created. When a company enters a new market to enhance their businesses there could occur some in problems which it might encounter, such as the cultural differences. For this purpose the guide based on instructions will combine all the areas an which are discussed in the previous research, it will help them to avoid and or to deal with these issues and giving the best ways of possibilities to solve them that could cause the cultural differences. The whole research aims that how Swedish companies entered in the eastern European markets which are selected the higher level of marketers of the proposed companies, what problems and issues had they faced at the time, what were the strategies had been designed then and how to did apply those strategies on those problems to fix.

Culture of Factors Affecting Products Entering Emerging Market

        According to  Luo, (2001) culture is referred to as the one most important factors that are affecting the entry of the new products in emerging markets. The foreign entry processes and decisions are influencing by the cultural differences among the home and host countries. The companies’ needs a lot of training to know about the procedures for overcoming the cultural barriers that can move from the low risks entry modes towards the high-risk ones. This procedure includes shifting from the culturally proximate countries towards the more distant of the countries. The perceived distance among the host and home countries according to the case of the business practices, culture and economic systems.

        The location familiarity can also determine by it such as the garter and shorter location familiarity. This study computed the cultural differences according to the composites index that is used in the various models of the serval researchers.  The data related to the cultural differences also can be accompanied by the theories of the Hofstede.  There are several theories that discuss the cultural differences. The cultural differences between the home and host country are the most important essential elements when the host country wants to launch its products in another country.  Such as there are large differences in the culture of India and China. If the Chinese company wants to launch its products in the Indian markets than they have to learn about the cultural environments of India. They need to know about the cultural perspectives of the home country (India) according to the various dimensions as; masculinity versus femininity, uncertainty versus avoidance, power distance and individuality (Luo, 2001).

Strategy of Factors Affecting Products Entering Emerging Market

    Here are some beneficial strategies which are mentioned this research and tell that how companies can overcome from those issues when they are trying to get entered in the new selected areas and new segments of the markets in the whole world.

Advertising Strategy of Factors Affecting Products Entering Emerging Market

    Is the most commonly used strategy which is used to communicate and giving more the awareness of about the product of any kind of service to the customer or end-users who are targeted in the new market segment? It plays a role for a product to make it famous. It also plays an essential role throughout the purchasing process decisions in the new market. There are two types of advertising have been used for that purposes the one is an internet advertising and the other one is commercial based advertising which could be played on the TV Channels or could be played or conduct as a campaign which heavily appreciated for awareness and enhancement in the expansion of the business.

Pricing of Factors Affecting Products Entering Emerging Market

    The pricing strategy should also be very nice and attractive, always try to price any product in the round figures that could attract the audience and it is highly recommended. If a competitor exists in the market and you have some assets to survive and could feel happy in the least profit then you must use least prices with the round figures.

Pronounced strategy of Factors Affecting Products Entering Emerging Market

        A formal way is that, by using some commercials and advertising you need to go with a pronounced strategy which creates a huge consciousness in the customer’s eye and your product will be awaited.

Advertisements of Factors Affecting Products Entering Emerging Market

        According to Okazaki, (2010) the advertising messages must be consistent along with the values of the local culture and the companies are seeking for the strategies to make the advertisements according to the values and beliefs of the people who are living in the country.  Moreover, it has been observed by the numerous studies that the values of the local culture are reflecting by the advertisements that are more persuasive compared to those companies that are ignoring them.  It is more important and significant to identify the perspectives that are relevant to the impacts of culture on advertising.

        Therefore, for this insistence, there is increasing criticism in the markets related to the national cultures of the society in the cases of the related simple binaries, for example, the difference among the collectivist and individualist’s culture. Specifically, the idea is questioned by the branding is referred to as the universal technique that is argued about the ways of culturally infected for arraigning the world. According to these points, the brands are considered as the most important and complex cultural forms that are deeply rooted in the context of the social, geographical and historical (Okazaki, 2010).

Still logistics of Factors Affecting Products Entering Emerging Market

        The global operations are used to attain the market penetration and cost-saving and certainly, due to this the risk are accompanied by this.  In the emerging markets supply chain is the point at where the whole series of the major risks are presented by which the plan can be challenged particularly.  It needs to design the design as well as implementing the sophisticated strategies for mitigating and managing the risks. The risk related to the supply chain is considered as the complicated equation of the risk that is occurring to the business among the delivery of the final products and extractions of the raw material. While seeking for the emerging markets the supply chain managers are considered about the entire aspects of the risks such as; for paying the customs charges, the selections of supplier and for firing and hiring. There are the various key risks related to the supply chain management and these are included as; Political Risk, Geophysical Risk, Trade Risk, Operational Risk, and Economic Risk.

Research Objectives of Factors Affecting Products Entering Emerging Market

        The major aim of this research study is to identify the factors that are affecting the new products into an emerging market. This study delves into subjects: the entry of a new product and that too in an emerging market.

To be studied in more detail regarding the factors that affect the entry of new products into a market.

To evaluate the characteristics of emerging markets that have been studied in this research

To identify the factors that are affecting the entry of new firms in emerging markets.

To access the various factors as to suggest which factor play an important role for new products entering emerging markets.

To measure the influence of culture on the product entering the market.

To establish the strategies for launching new products in emerging markets.

To access the role of advertisements  for launching new products in emerging markets

To measure the effects of logistics for the consumer experience in the emerging markets.

Research question of Factors Affecting Products Entering Emerging Market

Under this heading, I will study what is the key to affecting products entering emerging markets such as culture, Strategy, advertisement and still logistics. How to solve these problems, or what problems will arise in terms of cultural factors.

What influence does different culture have on the product entering the market?

What is the enterprise entry strategy? How to compete?

Does advertising have a driving role in product sales and word of mouth?

Does logistics affect the consumer experience and how does it affect it?

What are the factors that are affecting the entry of new firms in emerging markets?

What is the role of advertisements for launching new products in emerging markets?

Literature Review of Factors Affecting Products Entering Emerging Market

    The definitions of the cultural differences and culture in the context of the East Asian countries are discussed in the extensive manners in this chapter. Moreover, it discusses the various models of entry which are available for the companies that are entering the new markets and it also discusses the advantages and disadvantages of them. The different economical models are also explained in these chapters and it also explains the ways how these models can be utilized for analyzing the cultural model. The impacts of the culture and cultural differences on the strategies of the companies are also discussed in this chapter.

    Entering new markets is always a challenging task that requires a meticulous study of the market environment and the factors that are associated with the transition of entering new markets. For a business to launch any product in the market, it is essential to first conduct a deep analysis of the market and ensure due diligence so that the company can ensure that the new venture would be profitable. For this many factors have to be given consideration. Inadequate research into these factors could cause serious financial damage to the business because the company expanding its product reach would not be able to understand the consumers and the business environment existing in the country. These factors have been collectively identified as the Euro monitor International Four Pillars for market entry strategy.

    The first pillar is market and it includes factors like macroeconomic stability, consumer market size, growth, and openness. The second pillar is populations – it helps in analyzing the demographics of the market and how business products would be received in the market environment. The third pillar is accessed which would include factors such as infrastructure and availability of internet. The fourth pillar is the business environment that focuses on the overall regulatory environment in which the business operates.

    The first pillar is concerned more about the structure of the market which is defined by factors such as macroeconomic stability, consumer market size, growth and openness (Boumphery, 2015). Macroeconomic stability refers to the economic conditions in the country and the fiscal and monetary policy followed. Moreover, inflation, the balance of payments and the overall economic environment of the country play a role in facilitating business. Thus, macroeconomic stability becomes an important factor. This is followed by the size of the market so that it can be ascertained whether the product would generate enough demand or not. Moreover, the growth of the market is also important. A stagnant market will not be suitable for investments and therefore, a market with high rates of growth in terms of purchasing power that can generate steady demand would be ideal. Lastly, the openness of the market is also important. Market openness refers to the liberalization of markets. The more open and liberalized a market, the greater are opportunities for entering the new market (BusinessWire, 2014).

    The second pillar focused on the demographics and is quite pivotal. It is essential to know where the target market lives, its age, habits, size and growth trends. Moreover, it is also important to know where they live that is in urban or rural settings and what kind of lifestyles they have. All these considerations must be factored in when making the decision to launch a new product in the market.

    The third pillar relates to access. Firstly, the market structure is important as mentioned as factor one. If, for instance, the product market is a monopoly there will be high barriers to entry and exit but it would be relatively easy to enter and exit if the market is competitive in nature. More important is the physical accessibility which is determined by the infrastructure and the availability of connectivity such as the internet. The better the communication network in terms of roads, rails and other means of transportation the greater the prospects for success of new products entering the market (Boumphery, 2015). Moreover, the internet in today’s age has become more important as it is being used as a marketing tool as well. Therefore, it has also become important that there are a great number of internet users so that products can be marketed online.

       Lastly, the business environment is another very important factor. There are different factors that contribute to the business environment including ease of doing business, regulations, factors such as corruption and the human capital available in the country (BusinessWire, 2014). The business environment with respect to ease of doing business varies in different countries. In developing countries, there is the problem of corruption and nepotism which makes conducting business difficult. However, in developed countries, the regulations are quite strict which also adds to the cost of doing business and can be difficult in themselves. Thus, this factor has to be given consideration when new products are launched in the markets.

    Businesses are now focusing on emerging markets as the developed markets are somehow saturated and do not show prospects for lucrative profits. Therefore, astute business planners focus on newly emerging markets and to make use of the first-mover advantage. This has both benefits and costs. There are benefits in the form of low labor cost, welcoming attitude of the governments of host countries, low advertising costs and less competition (Nakata & Sivakumar, 1995). However, at the same time, adaptation to these markets in required that are sometimes not technologically efficient and have economic, social and political issues that could hinder the progress of the business. Thus, entering new emerging markets can be a tricky business and requires a thorough study and analysis of the market environment.

    Koch (2001) analyzed that market selection and the entry mode for selection are two aspects of one decision process. He examines factors affecting the market selection and market entry mode selection and divides them into three categories including external, internal and mixed. The study concludes that there is a dominant role of the internet in today’s day and age in facilitating international business and expediting business processes and therefore, it should be studied in more detail. Thus, when the product is launched, an appropriate mechanism in the form of advertising needs to be devised so that the product and its message can reach the consumers. This is essential for the product to be successful.

Emerging Markets Explained

    With the global world increase, a business can be utilized or follow such strategies that they can easily enter into any type of market and start their business in a new market easily. For foreign business the emerging markets are China, Japan, and India that have large populations, having the increasingly business-friendly infrastructure and growing economies with their large setups. The world cultural differences are very important to understand and embrace by those organizations who want to long term success in new and foreign markets.

    Every country has unique attributes to deal with others and also perform business in the market. For that organization who wants to work at, international must understand the cultural differences and determine the business practices that are helpful in emerging markets and also provide a better understanding of the new market. For emerging markets business have to consider few factors related to new market like visit new market and consider what are the requirements, demand and environment of the market, go to that country, where you want to start business and meet with local people , come to know their needs, their language and their market conditions (Lesley, 2018).

    These all factors help to determine in what way to emerging market is beneficial for the business. Observe the network of the market and get knowledge about the dealing of people in that market. Every market has its own specifications and uniqueness so determine all these before emerging the market. Also, get the proper understanding that what is the way of living the people and how they deal in their markets. Emerging markets are going to be successful if a business knows all the flaws and benefits of the market and with this also consider what the main areas of the market are and also determine the strong and weak points of the market.

    With all these factors is consider that expanding business in a new market is a very expensive investment for the business because sometime after considering all the things the business is going to be unsuccessful and also move back to its previous market. Many different organizations apply their organizational culture and business models in new markets but they are failing to do the business because they forget to consider the cultural differences and due to this they cannot run the business. A better understanding of culture help to understand the customer and its requirement and then profitable and successful relationship can be developed between customer and business.

    Successful companies utilize new and innovative strategies that are not used at their previous s or home markets and determine a new way to implement these strategies. The business also understands the institutional differences between different countries and then enter that market which suits best and then set strategies for such market and runs out the operations in such a market to get maximum advantages or benefits. Country portfolio analysis is used by a different organization to select the new market systematically. With generating the potential profit they also consider the infrastructure of doing business in that market. (Sinha, 2005)

Cultural Factors of Affecting Products Entering Emerging Market

    International markets are making things more interesting and more promising as well as many of the markets are not only changing their working style but also introducing some unique aspects to grow more in the industry. In the previous time, there was a myth that if you are earning in dollar or in any international currency only then you own successful business. Now people have been changed as they use to bring the new innovations in a way that they not only managed to earn in many international currencies but also promotes their home country currency very much at international level.

    Businesses if in search of entering any different market they must adapt its policies and way of working so that it can grow in the way it should be. Due to their increasingly business-friendly infrastructure, growing economies and large populations the markets of Brazil, China is very much idealized by people and people targets that industries in order to become more successful. An organization that has some products to produce except the fact that whatever they are making they must follow its appropriate norms and ethics as the industry who work in an efficient manner would only grow higher efficiently and successfully (LINDALIDAN, 2016).

    The main thing that organizations should concern very carefully is to take care of their workers working in their factories. The aspects which new countries should learn and understand in order to become like that, countries must be their everything like there way of working, their style of treating their staff their religion, language, culture norms everything. Emerging markets have a lot of charm and attraction in them in different ways all cannot be brought to an end but some can be tried in order to become more successful and more renowned in other companies comparison. The culture it is following other countries is quite wide and it has many things that should be considered into considerations. Different things have different aspects of making a culture unique as many of the things going to happen in a different way.

    Cultures bring happiness and uniqueness in the aspect of different companies going to follow the norms and technologies in terms of making the atmosphere more improved and more beneficial. In order to achieve what you want to do are working in the context of taking this rule as bending rule. Whether the constrains is it whether operational, financial it is navigated to have an accurate business sense to do the job. In an appropriate business, manner tries to learn colloquialisms, nuances, and languages of local and maintain an introduction with the market of the place where you want to set your operations in it (Techo, 2018).

You can lose your meaning if you do not include meaning in your translation and you must learn the languages properly as languages are the foundation of a better and improved business manner. In a meaningful relationship, the different aspects worked and they made an extraordinary and meaningful experience of making the organizations more successful and flourished. There may come any issues in businesses that can evaluate and analyze in a way that they can have the way to bring change the following issues are mentioned here:

    During working in the organization, every business has to face many problems and issues related to its field. According to the accomplishment of their targets and obtain their goals, an organization has to perform very well in all sectors or areas as a huge network going to run in the organization. If the organization working on a small scale and it never manages the issues related to globalization then it never approaches to large scale.  Lack of innovation makes you lose in the competition with many other organizations because innovation makes your services more attractive.

    The deficiency of use of latest technology also makes you less developed because it makes your workings ineffective and incompetent with other competitors that are bad for the performance of your organization. There are many types of issues are present in the market that may be faced by the organizations in terms of getting success and fame in the market. These are: There are some times the policies and rules are very much strict for the organizations that they disturb the working of the organization dull and slow so that it cannot be able to get the growth in a positive sense.  (hoseph johnson, 2008)

    Diversity expands negativity in the organizations as the new techniques and strategies make the working little difficult for the employees and when they are bound to do that tasks for the organization they did it but not with the great efficiency as a must. There are many of the complexities can be happened in the organization while they are working. Sometimes the complexity became of the use of resources; sometimes the time cannot be managed properly in the organization etc. These types of complexities make the working process slow and ineffective. Sometimes employees or management gathers so much information for completing a project that is not even relevant to the project. (Hunt, 2019)

    There are many of the resources are used in terms of getting that information but due to extra efficiency both the sources and information get wasted. The strategies that are made by the organization in terms of implementing and completing new projects must be according to the current working trend. If these are not updated then they cannot be able to get success in the organization’s working. When any change occurs I the strategy of the organization then stakeholders are the one who notices this change. They invest their money and they have complete right to keep in touch with all the changes and events happen in the organization. When any change they have to feel some issue so it’s better to tell them about new strategies and all the changes that may affect them in the future and they get some issue related to that change. (Haire, 2019)

Globalization & Advertising of Factors Affecting Products Entering Emerging Market

    Advertising plays a pivotal role in consumer decision making. There are different methods of advertising but their effectiveness is dependent on the perceptions of consumers (Greyser 1972). Many studies have found that there is a strong link between consumer attitudes and advertising which is also a precursor for the development of consumers’ attitudes towards a brand (Mackenzie and Lutz 1988; Thorson 1981). There have been other studies that have looked at the study of advertising and consumer decision making from different aspects.

    This includes studies that have studied the impact of cross-culture differences on advertising. Other aspects such as the role of emotions in advertising have also been studied. It has been explaining that advertisements can be divided into two categories – thinking ads which focus on factual information and feeling ads that focus on the emotional aspect the product would have on the consumer. Based on this, consumer’s base their decisions for purchasing a particular product. Other than the role of advertising, the process of consumer decision making in itself is also an interesting area of study. All marketing decision is based on the knowledge of consumer behavior.” Logically speaking, the role of marketing and advertising is aimed at reaching out to consumers.

    Studies have revealed that consumers are reached certain moments or touchpoints that are explained metaphorically through the tunnel and includes factors such as awareness, familiarity, and consideration of the product which leads to its purchase and loyalty. Marketing and advertising have complex nowadays due to a variety of medium available. Moreover, consumers have also become intelligent and well-informed with the vast amount of information available. With the internet, they can search for information, compare prices and brands and make the right decisions. This means that consumer decision making is being influenced by information available as well. Therefore, strategic analysis of consumer decision making needs to be done so as to understand how consumers get information and how they decide what to purchase based on this information (Belch & Belch 2009

    In an organization, there are many types of research methods have been present. These are according to the strategy that has been made or implemented in the organization that how it is working or responding to the organization.  The decision making is a complete process that implemented or created after a specific consideration to be taken effectively so that it provides the most efficient way in terms of making the right decision for the right work to be solved effectively as a must. It is very much important to make decisions according to the issue that has been occurred in the organization. After identifying the issue you must gather information about it to make a better solution to the issue. There may be many of the issues and perquisites can be happened in the organization that impacts on the correct decisions to be made by the management of the organization.

    The decisions must not be affected by those of the issues and perquisites that make the decision more effective and efficient as a must. All the decision must be taken with some proper set of instructions. Firstly identify the issue and then explain its solution related to issue or problem. The effective decision making gives very much benefit to the organization and they also increase the value of the organization. So effective decision making is very important for every organization (Sinclair, 2015).

    Globalization is very important to enhance the scope of the organization and with this also important to advertise the organization in the whole world. After entering into a new market this is also very important to get advertise because people must get some information about the new product and advertisement is the best way to promote the product. With this, the techniques must be used that help the advertisement at the global level because every market has its own way to introduce new product so the organization has to follow that method to promote its product among the customers.

    The leader is an important part of the organization that has to perform many functions and also take some important decision. On the other hand, a leader has to maintain the level of satisfaction of thy customers as well as of the employees. The level of satisfaction of employees change with time and it depends on the policies of the organization. The change in the organization is a very crucial matter for the employees as well as the leader. That is why it is necessary for the leader to maintain the satisfaction level of all stakeholders. Although the level of satisfaction of clients was good in the last year, however, it declines due to the reception services and continues to suffer a lot. (Kokemuller, 2019)

    With the utilization of the model that has four frame structure, that theorizes the inside of management, year of reaches and wisdom of psychology, sociology, anthropology, and political science morph into a model that has the ability to organized the organization into four frames. Each frame is resembled mental model and has the ability to capture one of a different picture of concerning organization like political, human resource and symbolic. This frame is based on the idea as well as the assumption that facilitates people in developing understanding; assemble information in a pattern that is recessional and registers. This provides the leader more comprehensive picture of the organization (saylordotorg.github.io, 2018) 

                   

    Charles R. Taylor and Mary Anne Raymond (2000) proposed in their journal that China has implemented an innovative advertising law in the year of 2015, which includes stricter regulations on advertisers who want to promote their products or services in the country. These regulations cover-up equally for both the Chinese companies as well as the foreign companies which do their business in China. The main regulation of  is that it disallows misleading content. Means that, an advertisement that features a product or service which does not really exist or presented in inappropriate information such as poor quality, wrong ingredients or price, etc. would be considered misleading by the . This law also prohibits advertisements from using terms such as “the most” and “the best.”  Thus, the companies which came from other countries such as Japan with its “Toyota” should not use these type of term to make the advertisement for its product (Taylor & Raymond, 2000).

    According to Panchali Das (2007) in his journal,  is a deliberate, self-regulatory council recognized in the year of 1985 to stimulate liable advertising and to improve public assurance in advertisements. The various laws included advertisement as a whole and those linking to definite segments and misuses methods of advertising unethical materials. Things that the foreign companies from countries such as China and Japan should consider in producing the advertisements for their business in India are; the advertisement should be true, the advertisement must not be illegal, and, the advertisement must not misguide the society, especially children. In addition to this, the roles of   are (Das, 2007):

    To be responsible for protection in contradiction of the indiscriminate usage of advertising meant for the promotion of the product which is observed as menacing to the people or society which is not tolerable for the society.

To make sure that advertisements perceive justice in the market competition so that the customer’s requirement to be well-versed of selections in the market and the standards of largely acknowledged competitive behavior in business is both obliged.

    No advertisement will be allowed to disparage any race, class, or nationality. Likewise, such advertisements should be evaded, which is in contradiction to the Indian constitution.

Vesa Peltokorpi and Fabian Jintae Froese (2016) suggested that Advertising could be really expensive in Japan. As a consequence, many local firms and distribution associates every so often figuring out for certain type of collaboration commencing their foreign suppliers. Not the entire companies could pay for placing their advertisements in Japan's main national newspapers or else on Japanese television. Local and regional newspapers along with the television stations, and also daily sports newspapers are considered to be less expensive and may logical for a product with a resilient perspective in a specific region or demographic fragment.

    Moreover, the authors also stated that to create and preserve business relationships in Japan, foreign companies need to appreciate the Japanese business culture along with its social practices. Irrelevance to local business societies of the foreign companies from other countries such as India or China along with lack of obligation or international business experience would lead to misinterpretations, and hence, lost opportunities. In conclusion, the foreign companies need to understand the requirements and expectations of the Japanese customer, such as product quality, presence, display and packaging, delivery and also after-sales service as well (Peltokorpi & Froese, 2016).

Enterprise Entry and Consumer Behavior of Factors Affecting Products Entering Emerging Market

    According to Joseph Katie (2013), the expansion of Toyota into the globe’s overcrowded and profitable market place of China in the year of 2002 was noticeable by the usage of its Japanese management framework that verified how the company such as Toyota is able to produce amazing value through adopting long-term, corporation relations with their suppliers. In applying its management framework to develop into China, the management of Toyota’s identified that further prospects occurred intended for cost reduction for the period of product preparation than in real expansion production and improvement. By doing this, Toyota was objected costing to assist its capability to strive in the viable Chinese market place (Katie, 2013).

    On the other hand, Gong Sun, Wangshuai Wang, Zhiming Cheng, Jie Li, and Junhua Chen (2017) mentioned in their journal that since China is considered to be dedicated to its “reform and opening” policy established in 1978, the economics of Chinese has growth up, and greatest worldwide businesses have established a company in China. Conversely, a number of foreign businesses are diffident to come into the Chinese market place for the reason that they do not completely recognize Chinese consumer behavior. Chinese consumer behavior is an undeniable fact of a complicated matter, as consumer tendencies differ amongst dissimilar societies and districts in China. Escalating and accepting the inclinations along with the behaviors of dissimilar consumer societies in China is the main key to whether arriving or increasing more into the Chinese market place (Sun, Wang, Cheng, Li, & Chen, 2017).

Kunal N. Talgeri (2013) in his article mentioned that, to be successful in India, Toyota trailed the legendary Toyota Way. But then again, the country also trained the extremely stiff Japanese company that is compensated to diverge when required. From the year of 2011, there has been an inclusive logic of gloominess in the market place; the profitable environment has not been mainly worthy, where the prices of fuel have increased as inflation. In addition to this, there is a cut-throat struggle in the car market place—and the performance of Toyota has been stellar (TALGERI, 2013 ).

    In addition to this, a study by Ramanuj Majumdar (2010) suggested that consumer behavior in India powerfully gets the influence of the caste structure that classifies every single society in the country. If this structure forms social variances, it also lets reinforced contiguity relationships among those people within a similar society. As a consequence, advertising a brand could really work a lot through the relatives’ sanctions and Word of Mouth (WOM). In overall, the consumers in India are becoming further committed to brands devoid of remaining true to any of them. Certainly, they search for beyond the entire added-value of the acquisition and the brand itself, rather than its status. Thus, the foreign companies who wish to scope many consumers in this country should able to make substantial hard work in market penetration (Majumdar, 2010).

Cultural hindrances of Factors Affecting Products Entering Emerging Market

        According to Kat Yamamoto and Robert A. Lloydapan (2019), Japan is internationally well-recognized on behalf of its specific culture, both in the context of material and character. The country is also one of the greatest famous traveler destinations in the world, plus, Japan is considered as the globe’s third main economic supremacy after the United States and China. Even though Japan comprises vast business prospects, still, many foreign companies state that they find a number of difficulties to start up their business there. To some extent, it is a real fact. Japanese language, high-rented cost along with various traditional business etiquette are certain of the hindrances that the foreigners have to deal with their Japanese colleagues.

    On the other hand, these features should not be embroidered. Instead, the appropriate indulgent of the Japanese business culture is the finest method to success for any foreign companies who are willing to discover the Japanese market place. Japan, as well as China, are embedded in the Confucian moral code beliefs impelling the entire feature of people’s lives comprising the practices of the businesses as well. However, the authors also mentioned that the Japanese business leaders are considered as quite humble to study from others who know better than themselves and adjust to the changing national cultures, moral principles, as well as foreign customs (Yamamoto & Lloyd, 2019).

Jingchen Jiang and Yanqing Jiang (2015) described in their journal that, as the fastest-developing main economy in the globe, China endures to provide the international companies eye-catching investment along with the business prospects. On the other hand, doing business in China likewise means steering the difficulties that ascend commencing China's exclusive ancient, governmental, and cultural backgrounds. China provides many chances meant for new projects; the Chinese market place endures to raise around  yearly, and it is considered as the second biggest economy in the globe after the United States. Along with the opportunity, the challenge also comes. There are some significant challenges to deliberate when doing business in China. The business people should have a number of sympathy to the Chinese culture along with it influences on the business. Hierarchy functions as an essential portion of business culture in China where the leaders and managers being further notable than in lots of Western countries. One thing to be noted here is that the leaders and managers in China really expect obedience without any question (Jiang & Jiang, 2015).

    According to Sandeep Kumar and Amit Gautam (2017), India is not only famous as one of the firmest developing countries around the world. Instead, the country is also going throughout a period of extraordinary economic liberty, which conceding foreign stockholders to have further access to its huge and diverse market place. Many of great and young populace, as well as a durable export segment, expect the growing businesses, through a prospective consumer foundation that far-off exceeds of the greatest other countries within the advanced and emerging world. India is famous as a country which varied in nature, which makes it quite complicated for any marketer to classify the normal threads of Indian culture along with its main values. There are lots of dissimilar sub-cultures live together in Indian community with their particular unique norms, values, philosophies as well as behaviors.

    Consequently, in India, people are mingled by receiving contribution as of their cultures along with their main values. Effective companies place much exertion to appreciate the exclusivity of general Indian language and further local languages. They also figure out to discover a brand name and also the communication note that would able to fit effortlessly within the background of the cultural dimension in the country. However, there is still vague obstacles for foreign companies in entering the Indian markets, and this hindrance is a negative state the consumer’s perception toward the products. The country was viewed as "mirroring buyers' general assumptions about the nature of items made in a specific nation and the nature of individuals from that nation" (Kumar & Gautam, 2017).

 Theoretical Model of Factors Affecting Products Entering Emerging Market

        The theatrical model in the research studies discusses the important construct that issued in the particular study for analyzing and evaluating the effects of the independent variables on dependent variables. This model also discusses the relationship among all of these constructs. This model portrays the dependent and independent variables as well.

Source of Data collection of Factors Affecting Products Entering Emerging Market

        The research study is conducted by using both sources of data collection as a secondary source of data collection and primary source of data collection. The secondary source of the data collection is led towards the preexisting data that has been used for other projects or discussions. The primary source of the data collection lades towards establishing new concepts and theories. It includes two types of research methods as quantitative and qualitative.

Research methodology of Factors Affecting Products Entering Emerging Market

        The qualitative research strategy is used for conducting the research study. The qualitative research study leads toward the previous existing theories and the concepts which are supporting the serial business cases particularly in the context of the emerging markets. By following the interpretative paradigm, the research study used a qualitative research strategy.

        These methods are used because the research study is based on objective and subjective data. The qualitative method is used only for verifying the previous theories. It is depicted by the several research studies of the various authors that at a high level usually the qualitative research study is conducted. In this research methods, the data is only conducted in the forms of the Alphabets as compare to in the forms of the numeric figures as in quantitative research method. The qualitative research method absolutely relies upon interpretative paradigm as well as a researcher whose follow an interpretative paradigm can only use a qualitative approach. Qualitative research is conducted on daily routines base of peoples and in own words of peoples and the big fact about this research is that this research is subjective and inductive in nature.

Research philosophy of Factors Affecting Products Entering Emerging Market

The interpretative paradigm is used in the research study. The exploratory research study follows the interpretative paradigm for this research study under the qualitative research method. The interpretative paradigm is used because it is easy to process of data collection and data analysis. This study is objective in nature for that this paradigm suits this study the most. The interpretative paradigm is used because it is followed by previous researches and theories. The interpretative paradigm is used in this study because the nature of reality in this paradigm is socially constructed and multiple and this philosophy provides the brief concepts for participate, Interactive and cooperative views.  This paradigm is the best fit for this study because the study is related to particular social topics.

Research approach of Factors Affecting Products Entering Emerging Market

        Under the interpretative paradigm, the inductive research approach is used to conducting a particular research study. In the contexts of the investigation, the importance of the theory is referred to as the specific points among the various research approaches as an inductive and inductive research approach.  By using the inductive research approach this exploratory research study has been conducted because the validity of this approach is much better for exploring the theories of the various authors such as concepts and theories related CSR are explained in the particular article.  The inductive research approach leads towards the development and exploring the facts of the new theories and it is used for the qualitative research methods. This approach is used in this study because there is not any hypothesis developed in this study because the developments of the hypothesis occur in the deductive research approach.

Data collection method of Factors Affecting Products Entering Emerging Market

            Observation methods are used for analyzing the data of the respondents and the two case studies are used as a sample in this research study. Both of these are discussed the success cases of the business as the case of the Toyota and McDonald. Both of these business are discussed about their success stories by following and implementing the strategies of the business.

Discussion and Analysis of Factors Affecting Products Entering Emerging Market

        It has been analyzed in this study that what are the major factors that can be barriers for launching a new product in emerging markets. In this chapter of the research study, numerous problems and arguments of the research paper have been discussed in extensive by using the cases studies related to entering emerging markets. This chapter discusses the case studies for evaluating and analyzing the impacts of the factors on the entry of new products in emerging markets. The methods of the cases studies are considered as the best solutions for analyzing the factors that are affecting the entry of the new products in emerging markets.  Moreover, by analyzing the case studies, the complex phenomena of the cross-cultural workforce can be explained in an effective manner for making sure the same output is achieved in the same company and culture of the various business.

The issues related to the interesting cultural differences and the effect of culture has on companies marketing strategies as well as the mode of entry of their choices.  We are just focusing on that what the other Swedish companies consider to be their main concerns related cultural differences when companies are going to enter in the foreign, multinational or international market and how they should solve the issues.

        Two case studies will be used in this study as a sample size for analyzing factors like strategy, advertisements, cultural and logistics for entering the new products in the emerging markets. First one is the case of the Toyota and the other one in case of the McDonald. Success stories of both this business are discussed in this chapter of the study for analyzing the cultural, advertisements and logistics factors while they were engaged in introducing their products in the entire region of the worlds.

        It has been analyzed in this study that the Toyota Company entered China in the last century. With good quality and stable logistics, it has good after-sales experience for customers. It has found a supplier in China, has a complete supply chain, and reduced the direct search for suppliers from Japan. The price has won the Chinese market, and Toyota has built a car suitable for Chinese consumers according to different cultures and different living environments, so Toyota entered the Chinese market in a short time. To be successful in India, Toyota trailed the legendary Toyota Way. But then again, the country also trained the extremely stiff Japanese company that is compensated to diverge when required. From the year of 2011, there has been an inclusive logic of gloominess in the market place; the profitable environment has not been mainly worthy, where the prices of fuel have increased as inflation. Thus Toyota has won the Chines and Indian markets by focusing on their advertisements, strategies, logistics and cultural factors. It became succeeded in the emerging markets.

        It has been analyzed in this study that the success stories of the McDonald in India are the speaking truth of the cultural change in the emerging markets.  The team of the McDonald accepted the product diversification of India for launching their business in the Indian markets. According to the news reports in Business today. In, ( 2019) McDonald has earned the profit after the struggles of the 22 years.  McDonald is selling its products according to the specifications of the area and the cultures of the people who are living in the various regions of India. In India it is posted by the Global fast-food chain of the subsidiary McDonald it’s earned the profit after efforts of the 22 years in India. To earn the net profit of Rs 65.2 lakh has been managed by the company (Businesstoday In, 2019).

        It is indicated in the reports of the BBC news that the McDonald face a lot of issues and barriers while launching their products in India.  Then the Indian culture adapted by the McDonald and they started to launch new and innovative products according to the norms and values of the Indian communities (Kannan, 2014). India is famous as a country which varied in nature, which makes it quite complicated for any marketer to classify the normal threads of Indian culture along with its main values. There are lots of dissimilar sub-cultures live together in Indian community with their particular unique norms, values, philosophies as well as behaviors.

 As stated by Shilpa Kannan, (2014) in her reports that McDonald is launching their products by considering the target markets in the various regions of India.  As McDonald introduced the “Aloo Tikki” for Indian vegetarian society. The products are launched by the Indian community according to its majority customers. By summing up the entire discussion it can be said that the McDonald follows all its compliance in the Indian markets that’s why it’s one of the success full business in the Indian markets.

Recommendations & Conclusion of Factors Affecting Products Entering Emerging Market

Conclusion on Factors Affecting Products Entering Emerging Market

        It has been concluded that there are several factors that have strong impacts on the Products Entering Emerging Markets.  Cultural Differences are the most important and one of the major factors that are affecting products entering emerging markets. Other factors are analyzed by discussing and focusing on the case studies of the Toyota and McDonald that have launched their products in serial regions of the World. This paper concludes the success story of the Toyota in China and McDonald in India because Toyota is Japanese’s company that has launched its business successfully in the Chinese’s markets.

        It has been concluded that there are four key factors that are affecting the products entering emerging markets. The foreign entry processes and decisions are influencing by the cultural differences among the home and host countries. The cultural differences between the home and host country are the most important essential elements when the host country wants to launch its products in another country. There is increasing criticism in the markets related to the national cultures of the society in the cases of the related simple binaries, for example, the difference among the collectivist and individualist’s culture. While seeking for the emerging markets the supply chain managers are considered about the entire aspects of the risks such as; for paying the customs charges, the selections of supplier and for firing and hiring.

Recommendations of Factors Affecting Products Entering Emerging Market

        It has been recommended that the research must be focused on the serial factors than the cultural differences and culture. Such as the beliefs and values of the people while they are introducing their business to a new place. They also consider the infrastructure, corruption and political stability of the country. The entrepreneurs or business legends musty think about all things that can affect their business in the new markets. They must have to conduct a survey for getting their views about their products before direct launching of the products in Emerging markets. The companies also must be considered such points as advertisements, logistics infrastructure, cultural differences and strategies who have a willingness for investing in the foreign markets.

    Therefore if the researcher is using various other factors than models and frameworks that are sued in this study cannot be applicable.  It will be interesting points for this research if it would be used as the base pints for serial other studies such as the research is conducted by using the quantitative data as compared to qualitative data.  The companies must evaluate the market by developing the marketing strategy before launching their business in emerging markets. The most important thing for companies is the pre-launch trials. Every company needs per-launch trails before introducing its products in the emerging markets.  The products must be launch by considering culture views of the organization

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