Business Communication and Character

View Original

Companies Adapt to Latin American Markets

McD ColumbiaMashable describes several good examples of how companies adapt their marketing approach to different Latin American countries. In Chapter 2 of the book, we saw McDonald's website examples in different countries. The Mashable article, "For Marketers, 'One-Size-Fits-All' Doesn't Fit in Latin America," features McDonald's along with Coca-Cola and PUMA and highlights a "tip to learn from" for each company:

McDonald's: Showcasing local values

Tip to learn from: Taking a regional approach and then localizing it even further, through content, is a powerful way to be impactful in overseas markets.

Coca-Cola: Giving consumers in Argentina (and beyond) what they want

Tip to learn from: Research and deeply understand local customer demand to create locally tailored products, particularly in emerging markets.

PUMA: Understanding Unique Cultural Histories

Tip to learn from: Insight into deep-rooted cultural and historical nuances is key to resonant and relevant marketing in emerging markets.

Discussion Starters:

  • Read the Mashable article, and discuss how principles in Chapter 2, such as individualism and context sensitivity, play a role in the examples.
  • What potential dangers do you see in tailoring marketing approaches in this way?