A Consumer Centric Approach to Product Standardisation for International Markets
ثبت نشده
چکیده
Despite more than 50 years of debate on product standardisation versus adaptation and the effective way to tackle this issue, a consensus is yet to be achieved. Some academics conceptualise standardisation-adaption as two mutually-exclusive orientations (Levitt 1984; Buzzell 1968; Turner 1986; Ohmae 1986), however, other authors (Jain 1989; Quelch & Hoff 1986; Schilke et al. 2009) favour a continuum approach and suggest that only the appropriate degree of standardisation-adaptation really matters. Nevertheless, few of these studies have specified what the appropriate degree of standardisation-adaptation is and which conditions favourably materialise this appropriate degree of standardisation-adaptation. Consequently, companies typically prefer supply-centric attributes (e.g. cost savings and scale economies) for product standardisation because these attributes are deemed more straightforward and functional as compared with demandor customer-centric attributes (e.g. product preferences or category attitudes).
منابع مشابه
Designing an Economic Repetitive Sampling Plan in the Presence of Two Markets
In this paper, we develop an optimization model for the economic design of repetitive sampling plan in the presence of two markets. The process under consideration produces a product with a normally distributed quality characteristic with unknown mean and known variance. The quality characteristic has a lower specification limit. The quality of the product is controlled via lot-by-lot acceptanc...
متن کاملHedonic Pricing under Uncertainty: A Theoretical Consumer Behavior Model
A model of consumer behavior has been formulated by using an additive utility function and the hedonic pricing approach, in a virtual market. Since, there is a time lag between ordering and purchasing products (goods and services) online and receiving them, it means the consumer makes decision under uncertainty. The level of satisfaction with products with distinctive characteristics is describ...
متن کاملProduct - centric Information Management
Product-centric information management is a key concept in understanding the interoperability between increasingly intelligent and autonomous goods in distributed computing architectures. In the same way as consumers are an important source of data in contemporary platforms, products — especially durable and capital goods — can be considered equally valuable for industries that have not yet bee...
متن کاملA New Consideration on New Product Development Models
In order to achieve a successful new product, and certainly the successful implementation of a new product into a company, it is necessary to have a structured and documented approach to New Product Development (NPD), therefore providing a clear roadmap for the development of new products.New product development is a multi-stage process. Many different models with a varying number of stages hav...
متن کاملIntegrating Adaptation and Standardisation in International Marketing The AdaptStand Modelling Process
This research investigates UK multinational companies’ level of adaptation and/or standardisation across international marketing tactics. The research methodology consists of a questionnaire survey of the 500 biggest UK multinational companies. It examines whether multinational companies are adapting or standardising their marketing mix elements/7Ps (product, price, place, promotion, people, ph...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2014