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Cultural Diagnosis And Bypassing; The Effect On Successful Internationalization

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  • Andrews Adugudaa Akolaa

Abstract

Globalization and its effect on business continue to propel firms to look beyond local markets for opportunities for market development and as a source of growth. However, Cultural differences in various markets continue to exert enormous pressure on international market operations as a result of cultural bypassing or misdiagnosis and this requires international marketers to undertake robust cultural analysis to ensure successful market servicing strategies. This paper reviews and discusses the crucial role of culture in successful internationalization; key reviews of marketing strategies and failures of some major corporations presented, cultural analytical frameworks have been evaluated and novel theoretical propositions made to segment cultural elements into soft and hard cultures. The paper provides a logical step approach framework to guide the international market practitioners analyzing foreign market cultures.

Suggested Citation

  • Andrews Adugudaa Akolaa, 2012. "Cultural Diagnosis And Bypassing; The Effect On Successful Internationalization," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 3(1), pages 69-84.
  • Handle: RePEc:ibf:rbfstu:v:3:y:2012:i:1:p:69-84
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    More about this item

    Keywords

    International marketing; Culture; Diagnosis; Market failures; Soft and hard culture;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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