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Created by : ALOK KUMAR SINGH, FIELD EXECUTIVE, QUALITY RESEARCH & PROMOTIONS  | 03 29 2010 11:51:47 +0000
Industry : Management & Strategy ConsultingFunctional Area : Global Business(Strategy & Execution)
Activity:  226 views;  last activity : 07 06 2010 20:18:09 +0000

Culture is a sum of values, beliefs, symbols, consumption habit, lifestyle, religion, tradition and perception of individuals, group or community. The culture can be different from one region to other, from one country to other and from one community to other. The culture affects the purchasing behavior of customer that affects the business profitability. For instance, McDonald left the most popular menu item- Beef when entered the Indian market because cow is considered scared in Indian society. This affected their business profitability but in order to start its operations in new market they followed the consumption habit of people of India. The researcher will analyze the impact of consumption, purchasing behavior, customer preferences related to color, design and cost among the customers  of Europe and Asia.

 
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Cultural Adaptation refers to the making of business decisions appropriate to the cultural traits of the society. Thus the decision should be sensitive to local culture to ensure the local customs and traditions are not constraints to their application.

Thus products marketed in International Market may be needed to be modified to the foreign country’s climate and cultural preferences.

The concept of Impact of Cultural behavior on the consumption pattern in market aims to understand the impact of cultural and consumption factors on European and Asian markets. The concept will help researcher and marketers to understand the cultural dynamics of both markets by studying the respective people, their pattern of life, their traditions, their faiths and fancies. The researcher and marketers also require understanding of religion, language; consumption habits, lifestyles, and buying behavior of European and Asian customers.

The research on this topic is important because many national companies are going in international market to promote their products and services. The research will help them to understand the opportunities and cultural threats that are present in International Market. The study can be used as reference to the researchers who are interested in conducting the research in same area in future.  


By ALOK KUMAR SINGH, FIELD EXECUTIVE, QUALITY RESEARCH & PROMOTIONS  03 29 2010 11:51:47 +0000
 
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Alok good debate but it is difficult to take a side, impact can be in many ways not only cultural, for the stated example it is culture but there are many good products which are affected because of the climate and environmental factors.

So culture is one factor that affects todays business.........    


By Sunita Mohapatra, Product/Brand Manager, Tata Motors  | 03 30 2010 10:34:34 +0000
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