MarTech Podcast ™ // Marketing + Technology = Business Growth cover image

MarTech Podcast ™ // Marketing + Technology = Business Growth

How To Create Value For Foreign Consumers; Balancing Global And Local Priorities; Domestic Benefits Of A Global Mindset

Mar 31, 2025
Katherine Melchior Ray, President of Globe Ally Consulting and a distinguished professor at the Haas School of Business, delves into creating value for foreign consumers. She highlights the importance of cultural intelligence and balancing global branding with local adaptations. Discussing examples from Coca-Cola and Starbucks, she illustrates how tailored strategies can resonate with diverse markets. The episode also reveals fascinating insights on how brands like KitKat and Georgia coffee adapt flavors to local tastes, showcasing the power of inclusivity in marketing.
25:40

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Quick takeaways

  • Effective global marketing requires a balance between universal strategies and local adaptations to meet diverse consumer preferences.
  • Cultural intelligence is crucial for brands to successfully navigate international markets and enhance relevance among foreign consumers.

Deep dives

Understanding Global Marketing Strategies

When marketing internationally, brands must navigate the choice between replicating successful strategies from their home markets or adapting to local conditions. Research suggests that 76% of consumers prefer products with information in their native language, emphasizing the significance of cultural relevance. Successful brands combine global strategies with local adaptations, often requiring a shift in marketing approaches to avoid costly missteps. For example, while German consumers may respond well to detailed product specifications, Brazilian consumers might connect more deeply with narrative-driven marketing.

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