Discussion Post: Planning For Global Market- Principles of Marketing
Overview:
It's common for well-known B2C brands (brands that sell directly to consumers) to engage in public-facing activities which promote the brand's commitment to social responsibility. Considering the goal to increase sales, brands leverage their ethical and social consciousness to help accomplish this.
Simulated Business Scenario:
Toyota, the world's largest carmaker, understands that their primary target market responds well to brands that focus on social responsibility. Toyota's senior management has been meeting in Tokyo, Japan to devise a global marketing campaign centered on social responsibility. To this end, Toyota decided to hire a consultancy to develop a 9-month plan ending December 31, 2021. Management has asked for a presentation for an initial list of items that would be considered valid elements of a social responsibility marketing plan that would accommodate each of the markets that Toyota competes in.
Task:
• What type of research would the consultancy conduct to understand each of the wide variety of cultures that the brand competes in?
• Armed with this researched information, how might the consultancy modify its social responsibility campaigns to accommodate some of the major markets?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.