ASIA’S LOCAL CHAMPIONS
Philip Kotler,
Hermawan Kartajaya and
Den Huan Hooi
Chapter 13 in Marketing for Competitiveness: Asia to The World:In the Age of Digital Consumers, 2017, pp 237-250 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
In any market, indigenous businesses can essentially be regarded as the toughest niche players. The phenomenon of glocalization also underlines how global companies tweak their offerings according to local tastes, in order to compete better with home grown players. Multinationals today would be much less anxious about their peers as they would have — more or less — similar business models and hence adopt similar strategies. Big global businesses, with sophisticated systems in place and standardized products, also tend to struggle with cultural shocks and blocks when entering new, niche local markets. On the other hand, smaller domestic players that are extremely agile in meeting the needs of local customers are difficult to predict, and therefore almost unbeatable in the markets that they are entrenched (Kotler et al., 2007)…
Keywords: Asian Marketing; Digital Asia; Digital Consumers; Asian Digital Consumer; Marketing in Asia; Asian Companies; Asian Businesses; Doing Business in Asia (search for similar items in EconPapers)
JEL-codes: M31 (search for similar items in EconPapers)
Date: 2017
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