Mobile Phones as Product

Mobile Phones as Product

In this scenario, the best strategy will be a global strategy. This is the most appropriate since most mobile phones are constructed to work globally, and buyer needs across the world are relatively universal. This is a suitable strategy for an international company selling mobile phones. The needs of a significant number of people from one region of the globe to another area are very identical. They, therefore, need to jot several customizations to cater to the lack of a particular market. Mainly, it’s going to be very challenging for people who do not understand what they need. Thus, the company not being in a position to keep the price at the same point while customizing it to the needs of an individual. Along with the requirements of individuals being similar is what makes me imagine and come to the thinking that global strategy will be the suitable and best strategy for these profits.

The global strategy will be suitable in these mobile phones as products as it helps in brand consistency and economies of scale. The brand constancy purpose is that it explains the strategy as the easiest to build a global brand image when the message is consistent. Some firms wish the synergy that results when clients in various markets interact about identical products. Economies of scale, on the other hand, are closely tied to costs advantages economies of scale are attained when a company receives the best costs on supplies and business activities. With a global strategy, a business can leverage vast suppliers and distributor networks to maximize efficiency and secure the best price.

Dry Soup Mixes and Canned Soups as Product

The taste and preferences of individuals vary from country to country. The presence and accessibility of the resources also defines and shapes up to the needs of the people. For someone residing in a nation covered by oceans from all sides are more possible to be habituated to fishes and like the taste of it more. Whereas for other same may not be accurate. Therefore, the company needs to ensure that they cater to the needs of these various people and market segment. Thus, it requires the organization to embraces and adopts the multi-domestic strategy.

This strategy allows the company to produce its product, keeping in mind the nation and the community’s preferences on the contrary to the global strategy that would ship out a similar product with minor changes to the worldwide market. Additionally, as per the country, the cultural beliefs would make adopting global strategy challenging for particular business types. Another reason as to why a multi-domestic strategy is more advisable on such scenario than the global strategy is because it has cost advantages. It is mist less expensive to operate as a global provider. In the case when the business sent have to customize its products, business systems, and marketing to each market, it saves a lot of cash.

This can enable the company to use the saved funds in other beneficial activities. In using the multi-domestic strategy in this form of products, it is has customized offerings. Core strength is a company’s ability to tailor its operations and products to the interests and needs of each market. A business mat provider high-end goods in a more affluent market but scaled-down, lower-priced goods in a market with lower per capita income.

Large Home Appliances as Product

For a company selling large home appliances as a product, it is suitable to make use of the global strategy. The usage of this such a strategy allows the company to enter all the marketplace while additionally make some customization to their product to cater to the national needs. Just like other places may use a different voltage system that the company should provide to. Again, the company can make customizations at a meager cost from one nation to another, permitting the sell globally with a minor change to each country it is sold in. For home appliances, one change that’s needed would be for plugs like the one in the United States, EU, and Asia are different and also require different voltage levels.

The global strategy works well for the large home appliance as a product. This strategy helps in diversifying company markets. It is essential because it will be able to serve many people from various places around the world. The marketing in this strategy is critical and very useful as many of the people will be able to get the products despite the distance. The company will improve its reputation by using this strategy, and this will be through ensuring that everything is running well.

Apparel and Footwear as Product

A transnational strategy would suitably suit the company selling apparel and footwear as a product. This strategy is assumed to take advantage of the benefits offered by simultaneous operations in various nations. This will help in selling apparel and footwear as a product. This strategy permits the company to expand to a global market segment while also looking into the local cultural and societal structuring. The company can, therefore, cater to the needs of a community by mass giving the product as per their preferences, such as distinctive color, style, and pattern. The size fitting requirement varies from one country to another hence on the need to look at the target market to know what works suitable for them. A product in this category designed for American people would not be best for people living in Antarctica as anyone going there would demand more cozy warm clothes.