Research on adapting marketing techniques to different culture economics and regulatory environment to entering new international markets

The study focuses on how products from emerging markets are sold abroad. According to case studies, companies actively seek out countries with a large Bangladeshi diaspora and hire locals who are familiar with business culture. Manufacturers' globalization is aided by this strategy since it raises their profile and fosters understanding with local buyers. The cultural literature benefits from illuminating the ways in which collectivism and the avoidance of ambiguity promote marketing strategy, trust, and networks. It proposes a modern, people-focused IM approach that is innovation-driven, shaped by customer preferences for food products, and that places an emphasis on the contributions of diaspora. Organizations’ potential use of globalization to access hitherto untapped markets is also explored in the research. Corporations' strategies and methods for penetrating these markets face both opportunities and threats as a result of globalization. The qualitative study looks at characteristics related to international market entrance and global expansion based on previous research. The results demonstrate how businesses may become more globally competitive by adapting to cultural and behavioral differences and selecting the most effective market entrance strategies. The significance of varied commodities, works, and services for international economic activity is shown in this research, which lends credence to globalization and market entrance methods.

Authors

Publication Details

Journal
Информатика Экономика Управление - Informatics Economics Management
Published
2024-12-26
DOI
https://doi.org/10.47813/2782-5280-2024-3-4-0257-0277
Citations
12
Primary Topic
International Business and FDI
Type
article
Field-Weighted Citation Impact
6.66
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Research on adapting marketing techniques to different culture economics and regulatory environment to entering new international markets

Mohammad Omar Faruq, m.m. asra' faris hasan, Rokeya Tamanna Mukta, Zahir Rayhan
12 citations
Информатика Экономика Управление - Informatics Economics Management
International Business and FDI
6.66
article

Research on adapting marketing techniques to different culture economics and regulatory environment to entering new international markets

Mohammad Omar Faruq, m.m. asra' faris hasan, Rokeya Tamanna Mukta, Zahir Rayhan
article en
12 citations

Abstract

The study focuses on how products from emerging markets are sold abroad. According to case studies, companies actively seek out countries with a large Bangladeshi diaspora and hire locals who are familiar with business culture. Manufacturers' globalization is aided by this strategy since it raises their profile and fosters understanding with local buyers. The cultural literature benefits from illuminating the ways in which collectivism and the avoidance of ambiguity promote marketing strategy, trust, and networks. It proposes a modern, people-focused IM approach that is innovation-driven, shaped by customer preferences for food products, and that places an emphasis on the contributions of diaspora. Organizations’ potential use of globalization to access hitherto untapped markets is also explored in the research. Corporations' strategies and methods for penetrating these markets face both opportunities and threats as a result of globalization. The qualitative study looks at characteristics related to international market entrance and global expansion based on previous research. The results demonstrate how businesses may become more globally competitive by adapting to cultural and behavioral differences and selecting the most effective market entrance strategies. The significance of varied commodities, works, and services for international economic activity is shown in this research, which lends credence to globalization and market entrance methods.

Информатика Экономика Управление - Informatics Economics ManagementVol. 3(4)
Openalex Percentile: Top 4%
International Business and FDI
6.66
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.