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National Identity and its Elements
National Identity and its Elements
National Identity and its Elements
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Questions and Answers:
(2) How does a brand name or country of origin work as a heuristic?
(3) Do ratings change as a function of the country of origin?
(4) Are there any significant differences or similarities between domestic versus foreign brands for EACH fashion product (eg. A Chinese luxury brand versus an Australian luxury brand)?
(5) What are the implications for companies and businesses that use country of origin as a way of advertising / promoting their product and brands?
a) Based on the results in question 4a,
(2) How does a brand name or country of origin work as a heuristic(2 marks)?
Heuristic or rules of thumb are general decision making strategies people use that are based on little information, yet very often correct; heuristics are mental shortcuts that reduce the cognitive burden associated with decision making (Shah & Oppenheimer, 2008). In this case, consumers always see an Italian product with the exemplar of luxury brand. Thus, they may assume all Italian based product is always expensive, exclusive, unique, high price and comfortable. Meanwhile, consumer may also assume that all products from China were all low quality, cheap and not long lasting based on what they heard and see on the television or friends.
(3) Do ratings change as a function of the country of origin? Explain why or why not. (4 marks)
Yes. It is because the perceived theoretical relationship between the cue of country of origin and the attributes of a product is largely conducted by product-country images, among which quality as a representative of a country’s production has an important effect on consumers’ evaluations of products (Broniarczyk & Alba, 1994). For example, Korean music has been famous worldw...
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... Decision Outcomes”. Student Pulse.http://www.studentpulse.com/articles/180/2/decision-making-factors-that-influence-decision-making-heuristics-used-and-decision-outcomes
Klein, Jill Gabrielle, Richard Ettenson and Marlene D. Morris (1998). "The Animosity Model of Foreign Product Purchase: An Empirical Test in the People's Republic of China", Journal of Marketing, 62(1), 89-100
Shah, A.K., & Oppenheimer, D.M. (2008).Heuristics made easy: An effort-reduction framework. Psychological Bulletin, 134(2), 207-222. DOI: 1.1037/0033-2909.134.2.207.
Shimp, Terence A. and Subhash Sharma (1987), "Consumer Ethnocentrism: Construction and Validation of the CETSCALE", Journal of Marketing Research 24(3), 280-289
Tversky, Amos and David Kahneman. 1974. “Judgement under Uncertainty: Heuristics and Biases”. Science 185: 1124-1131. http://turtletrader.com/heuristics.pdf
Characteristics of our society reflect in the outcome of purchasing tendencies. How many of us can honestly say we make a valid effort to purchase goods made in our own country? In our face paced world where both parents are in the work force, raising children, social activities and everything else, who has time to make an effort? Most often, consumers only care about marking off the s...
Understanding how people arrive at their choices is a field of cognitive psychology. Theories have been tested to explain how people get influenced while making decisions in the present and future. Heuristics1 have been researched to understand the decision making process.
His first book Attention and Effort was published in 1973, in which he focused his study on attention, which was seen as an irrelevant topic of choice to work on during Titchener’s time (Kahneman, 1973). However, Dr. Daniel Kahneman concerned himself with the concept of attention since it may be or is one of the foundations that take part in hesitation within decision making, including the different subsets attention has when it comes to our mental processes. In Judgment Under Uncertainty: Heuristics and Biases (1982), the book looks at judgment and the attributions of behavior through predicting the possibilitie(s) of choices. Well-Being: The Foundations of Hedonic Psychology was published in 1999, which mainly concentrates on the scientific effort to comprehend the concept of human pain and pleasure; one of Kahneman’s most well known works in social psychology. Then in 2000, he and along with colleagues published Choices, Values, and Frames, as they discussed their alternative of prospect theory and elaborates on the approaches towards the efficacy of choices people make. The fifth book, Heuristics and Biases: The Psychology of Intuitive Judgment, was released in 2002 to try and help answer subjective questions of complex situation of the world/life through an objective perspective. Lastly, Kahneman’s most recent work was issued in 2011, Thinking, Fast and
We are all consumers, and we buy diverse products every day. But, do you know what the main factor is that influences us to choose a product? If someone selects a cloth, maybe he pays attention to its quality! Customers’ decisions can be changed depending on what the main factors they are looking at. Various influences can cause consumers to select different products.
Tversky, A., & Kahneman, D. (1973). Availability: A heuristic for judging frequency and probability. Cognitive Psychology, 5(2), 207–232. doi:10.1016/0010-0285(73)90033-9
Newell, A., Shaw, J. C., & Simon, H. (1958). Elements of a theory of problem solving. Psychological Review, 84, 231–259.
Mooij, M.de. (2004). Consumer Behavior and Culture, Sage Publications, Page 102, Page 119, Page 274, Page 275
If a company has set its objectives there is need to look into the following. Which countries are their target market and who are the consumers and how or which marketing strategy should they use to reach the consumers. The company needs to know what products are best for their chosen customers and if there may arise a need to adjust the company should be ready for it. The other thing they should consider are the import regulations in their country, market and the global rules also should focus on the competition involved looking...
However, when looking to create a luxury brand, one must go beyond what is required of an ordinary brand, to create something of high value and therefore high prices. So instead of just having brand values, it should have brand beliefs, as this will create a stronger emotional connection with its customers. It should aim to go beyond having a logo, but rather a set of distinguishable icons and the brand’s points of sale needs to be somewhere that connects with its customers and becomes something of a pantheon among other retail outlets. Similarly the customer segmentation should have role reversal, so the customers want to buy their products. Luxury brands should instead of actively promoting their advantages over their competitors, never push the customers into buying their products, thereby offering mystique and letting the customers make the value creation. Lastly, a true luxury brand not only offers products but rather a way of life, allowing them to branch out over several product categories, into every aspect of their customer’s
Political Environment in International Marketing THE POLITICAL ENVIRONMENT: The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small, political factors of the country it is located in will have an impact on it. And the most crucial & unavoidable realities of international business are that both host and home governments are integral partners.
Kacen, J. J. & Lee, J. A. (2002). The influence of culture on consumer impulsive buying behavior. Journal Of Consumer Psychology, 12 (2), 2.
Warden, C. A., Stanworth, J., Chen, J. F., & Chi-Tsun Huang, S. (2012). Strangers in Strange Lands: Hypermarkets and Chinese Consumer Culture Misalignment. International Journal of Market Research, 54(6), 799-820.
Regardless of the success of your company on a national scale, to engage yourself in a successful venture outside of your borders requires several critical elements that one must acknowledge and apply with great care. One of those requirements would be to thoroughly research the cultural environment in which you wish to launch your product no matter how popular and indispensable you believe it might be. In the past, many national giants have hit the wall when introducing a foreign market or launching a new marketing campaign because of the cultural gap they encountered on the other side of their borders. Another way of preventing a flop on an international market is to carefully study the economical past of this country, which might differ quite a bit from the one the company flourished in. In addition to the previous precautions, it Would be advise to make sure that your product will blend seamlessly within the spending habits of the consumers. Overall, meticulous market studies and patience often constitute the way to success on a foreign soil.
Vronti, P. & Vrontis, D. (2004). Levi Strauss: An International Marketing Investigation. Journal of Fashion Marketing and Management, 8(4), Pp.389-398.
...enture into overseas market comes with expectations as well as uncertainties due to unfamiliarity. Charles and Keith, the fashion retailer, has to understand clearly that what appeals in one market might not be accepted in the others and this is almost the same for all industries. Thus, a thorough research on cultural background has to be done before entering an unfamiliar ground.