Emerging markets such as India, China and Brazil are becoming more important in the growth agendad in many multinational firms. But are the marketing strategies local enough?
Developing economies are becoming increasingly diverse and competitive. The marketing strategies needed to succeed in these countries need to be focused and targeted. China, for instance has roughly 150 cities with at least one million inhabitants.
The right city clusters in China to choose to market to will be a very important issue. Factors such as industry structure, demographics, scale and geographic proximity will be able to help a company boost the effectiveness of its distribution networks.
In China, culture is a major factor. Reputaion is key and word of mouth is a very important and useful marketing tool. Relationship are also paramount to any business deal. Also, marketing activities are in limited reach of national media because even though China has over 3,000 television channels, only a few are available across the country.