Breakout Strategies for Emerging Markets
Business and Marketing Tactics for Achieving Growth
Published on 28. July 2016
Book
Hardback
256 pages
978-0-13-443495-7 (ISBN)
Description
Real strategies, tactics & solutions for succeeding in emerging markets now
Attract non-consumers and upscale current customers
Reflect local culture, tradition, and preferences across your business
Make your products easier to find, buy, and use
Strengthen your brand and deliver on your brand promises
Engage and serve all your stakeholders
Build a sustainable, profitable business
How big is your emerging market opportunity? Potential annual consumption will hit $30 trillion by 2025, with $10 trillion in India and China alone. Emerging economies are transforming markets worldwide-attracting multinationals, strengthening domestic firms, and launching local brands onto the global stage. Best of all, there are now proven best practices for succeeding in these markets. They've been developed the hard way: through the experiences of pioneers who've learned from mistakes and listened to their customers.
This book's brand stories reflects these winning strategies. You'll learn from high-profile leaders like Gillette, Levi's, Starbucks, Alibaba, GlaxoSmith-Kline, and WeChat-and
from great companies you'll discover for the first time. Linking theory to practice, the
authors offer expert guidance on attracting non-users, adapting products, aligning with local culture, optimizing channels, building brands, upscaling, strengthening relationships,
and much more.
You've never had an opportunity this enormous. Nobody has. Get it right-with
the right advice, right from the trenches. Emerging markets offer the biggest growth
opportunity in the history of capitalism. This practical guide offers a comprehensive, strategic marketing perspective tailored to these new markets. Leading experts demonstrate how companies can succeed both today and tomorrow, no matter what happens in the global economy.
Breakout Strategies for Emerging Markets integrates insights drawn from the authors' extensive primary research worldwide, their pioneering academic research and case development, practical consulting and management experience, and their conversations with industry leaders on several continents.
You will learn about the experiences and actions of both local and global enterprises in industries ranging from consumer goods to entertainment, apparel to finance. The authors share new insights for attracting non-users by developing products, aligning with
local traditions, upscaling, selecting channels, financing, brand messaging, using e-commerce, building relationships, and more.
Discover how to...
Convert non-users: Optimize acceptability, affordability, accessibility, and awareness
Create "functional Fusion": Adapt products to blend western and local elements
Design "cultural fusion": Embed local tradition, history, language, and taste
Democratize the offer: Make products more affordable, financially and psychologically
Upscale the offer: Upgrade choices and experiences across the income spectrum
Manage reach: Get your channels and supply chains right
Reinvent reach: Leverage revolutionary channels and payment methods
Build brand identity: Align your brand essence with your customer's experience
Engage stakeholders: Serve the needs of every entity you touch
Attract non-consumers and upscale current customers
Reflect local culture, tradition, and preferences across your business
Make your products easier to find, buy, and use
Strengthen your brand and deliver on your brand promises
Engage and serve all your stakeholders
Build a sustainable, profitable business
How big is your emerging market opportunity? Potential annual consumption will hit $30 trillion by 2025, with $10 trillion in India and China alone. Emerging economies are transforming markets worldwide-attracting multinationals, strengthening domestic firms, and launching local brands onto the global stage. Best of all, there are now proven best practices for succeeding in these markets. They've been developed the hard way: through the experiences of pioneers who've learned from mistakes and listened to their customers.
This book's brand stories reflects these winning strategies. You'll learn from high-profile leaders like Gillette, Levi's, Starbucks, Alibaba, GlaxoSmith-Kline, and WeChat-and
from great companies you'll discover for the first time. Linking theory to practice, the
authors offer expert guidance on attracting non-users, adapting products, aligning with local culture, optimizing channels, building brands, upscaling, strengthening relationships,
and much more.
You've never had an opportunity this enormous. Nobody has. Get it right-with
the right advice, right from the trenches. Emerging markets offer the biggest growth
opportunity in the history of capitalism. This practical guide offers a comprehensive, strategic marketing perspective tailored to these new markets. Leading experts demonstrate how companies can succeed both today and tomorrow, no matter what happens in the global economy.
Breakout Strategies for Emerging Markets integrates insights drawn from the authors' extensive primary research worldwide, their pioneering academic research and case development, practical consulting and management experience, and their conversations with industry leaders on several continents.
You will learn about the experiences and actions of both local and global enterprises in industries ranging from consumer goods to entertainment, apparel to finance. The authors share new insights for attracting non-users by developing products, aligning with
local traditions, upscaling, selecting channels, financing, brand messaging, using e-commerce, building relationships, and more.
Discover how to...
Convert non-users: Optimize acceptability, affordability, accessibility, and awareness
Create "functional Fusion": Adapt products to blend western and local elements
Design "cultural fusion": Embed local tradition, history, language, and taste
Democratize the offer: Make products more affordable, financially and psychologically
Upscale the offer: Upgrade choices and experiences across the income spectrum
Manage reach: Get your channels and supply chains right
Reinvent reach: Leverage revolutionary channels and payment methods
Build brand identity: Align your brand essence with your customer's experience
Engage stakeholders: Serve the needs of every entity you touch
More details
Other editions
Additional editions
Jagdish Sheth | Mona Sinha | Reshma Shah
Breakout Strategies for Emerging Markets
Business and Marketing Tactics for Achieving Growth
E-Book
06/2016
1st Edition
Pearson FT Press
€37.20
Available for download
Persons
Dr. Jagdish N. Sheth has been the Charles H. Kellstadt Professor of Marketing in the Goizueta Business School at Emory University in Atlanta, Georgia (U.S.), since 1991. Prior to his present position, he was on the faculty of the University of Southern California (USC), the University of Illinois, Columbia University, and the Massachusetts Institute of Technology (MIT). He is well known for his publications on consumer behavior, relationship marketing,
competitive strategy, and emerging markets. He is the recipient of all of the top four academic awards bestowed by the American Marketing Association (AMA). He has published several professional books including, The Rule of Three, Clients for Life, The Self-Destructive Habits of Good Companies, Chindia Rising, and Firms of Endearment. All of these have been translated into multiple languages. His latest publication is the 4 A's of Marketing.
Dr. Mona Sinha is Assistant Professor of Marketing at the Michael J. Coles College of Business at Kennesaw State University in Georgia (U.S.). She holds a PhD from Texas A&M University and was a post-doctoral research fellow at Emory University. She has brand management and sales experience in India. She also worked at the Harvard Business School India Research Center where she wrote several case studies on India. Her teaching interests are in international marketing and consumer behavior. Her research on emerging markets, sustainability, and consumer fairness/social justice has been published in several academic journals and in a book chapter. She has been the recipient of awards for outstanding performance at Harvard Business School and for teaching excellence at Texas A&M University.
Dr. Reshma H. Shah is Associate Professor in the Practice of Marketing at the Goizueta Business School of Emory University. Her marketing insights and strategies have helped companies like Delta, GE, IBM, Solvay, The Coca-Cola Company, Turner, and UPS, among many others, improve their marketing ROI.
Her articles have appeared in several academic journals in the areas of marketing alliances and brand extensions and she is the co-author of a best selling book on Social Media. She is also the recipient of the Distinguished Educator Award at Emory University.
competitive strategy, and emerging markets. He is the recipient of all of the top four academic awards bestowed by the American Marketing Association (AMA). He has published several professional books including, The Rule of Three, Clients for Life, The Self-Destructive Habits of Good Companies, Chindia Rising, and Firms of Endearment. All of these have been translated into multiple languages. His latest publication is the 4 A's of Marketing.
Dr. Mona Sinha is Assistant Professor of Marketing at the Michael J. Coles College of Business at Kennesaw State University in Georgia (U.S.). She holds a PhD from Texas A&M University and was a post-doctoral research fellow at Emory University. She has brand management and sales experience in India. She also worked at the Harvard Business School India Research Center where she wrote several case studies on India. Her teaching interests are in international marketing and consumer behavior. Her research on emerging markets, sustainability, and consumer fairness/social justice has been published in several academic journals and in a book chapter. She has been the recipient of awards for outstanding performance at Harvard Business School and for teaching excellence at Texas A&M University.
Dr. Reshma H. Shah is Associate Professor in the Practice of Marketing at the Goizueta Business School of Emory University. Her marketing insights and strategies have helped companies like Delta, GE, IBM, Solvay, The Coca-Cola Company, Turner, and UPS, among many others, improve their marketing ROI.
Her articles have appeared in several academic journals in the areas of marketing alliances and brand extensions and she is the co-author of a best selling book on Social Media. She is also the recipient of the Distinguished Educator Award at Emory University.
Content
Contents
Chapter 1 Converting Nonusers to Users
References
Chapter 2 Creating Functional Fusion
Adapting to Climate
Considering Genetic Differences
Overcoming Infrastructural Limitations
Incorporating Local Essence
Aligning to Regulatory Requirements
Capital Markets and Banking in Emerging Markets
References
Chapter 3 Designing Cultural Fusion
Incorporating Traditions
Using Local Languages
Considering Social Norms
Respecting Faith
Understanding Sensory Preferences
References
Chapter 4 Democratizing the Offer
Reducing Economic Barriers to Purchase
Overcoming Noneconomic Obstacles
to Purchase
Achieving Reverse Innovation
Extending Product Value
Developing Creative Financing
References
Chapter 5 Upscaling the Offer
Adding or Changing Packaging
Positioning
Enhancing Services and Benefits
Reversing the Brand Lifecycle
Leveraging the Country of Origin
References
Chapter 6 Managing Reach
Adapting to Traditional Channels
Navigating Indigenous Channels
Developing Channel Partnerships
Building for Access
Managing Channel Ownership
References
Chapter 7 Reinventing Reach
Modernizing Retailing
Setting Up E-Commerce
Accessing Self-Service Technologies
Enabling Payments
Providing Financing
References
Chapter 8 Building Brand Identity
Establishing Product Knowledge
Identifying Sources of Communication
Developing Appropriate Messaging
Using Traditional Channels of Communication
Leveraging New and Unconventional Media
References
Chapter 9 Engaging Stakeholders
Educating Consumers and Markets
Involving Communities and Leaders
Engaging Employees
Co-opting Suppliers
Developing Partnerships with Public, Private, and
Nonprofit Companies
References
Chapter 10 Connecting the Dots
Overcoming Emerging Market Challenges
The Way Forward
References
Chapter 1 Converting Nonusers to Users
References
Chapter 2 Creating Functional Fusion
Adapting to Climate
Considering Genetic Differences
Overcoming Infrastructural Limitations
Incorporating Local Essence
Aligning to Regulatory Requirements
Capital Markets and Banking in Emerging Markets
References
Chapter 3 Designing Cultural Fusion
Incorporating Traditions
Using Local Languages
Considering Social Norms
Respecting Faith
Understanding Sensory Preferences
References
Chapter 4 Democratizing the Offer
Reducing Economic Barriers to Purchase
Overcoming Noneconomic Obstacles
to Purchase
Achieving Reverse Innovation
Extending Product Value
Developing Creative Financing
References
Chapter 5 Upscaling the Offer
Adding or Changing Packaging
Positioning
Enhancing Services and Benefits
Reversing the Brand Lifecycle
Leveraging the Country of Origin
References
Chapter 6 Managing Reach
Adapting to Traditional Channels
Navigating Indigenous Channels
Developing Channel Partnerships
Building for Access
Managing Channel Ownership
References
Chapter 7 Reinventing Reach
Modernizing Retailing
Setting Up E-Commerce
Accessing Self-Service Technologies
Enabling Payments
Providing Financing
References
Chapter 8 Building Brand Identity
Establishing Product Knowledge
Identifying Sources of Communication
Developing Appropriate Messaging
Using Traditional Channels of Communication
Leveraging New and Unconventional Media
References
Chapter 9 Engaging Stakeholders
Educating Consumers and Markets
Involving Communities and Leaders
Engaging Employees
Co-opting Suppliers
Developing Partnerships with Public, Private, and
Nonprofit Companies
References
Chapter 10 Connecting the Dots
Overcoming Emerging Market Challenges
The Way Forward
References