bfbm(15-2016) glocalization by prof. dr. aung tun thet

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Prof.Dr.Aung Tun Thet

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Page 1: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Prof.Dr.Aung Tun Thet

Page 2: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

GLOCALIZATIONProf.Dr.Aung Tun Thet

Page 3: BFBM(15-2016) Glocalization by prof. dr. aung tun thet
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From Globalization to Glocalization

“Post-globalization” era “Glocal strategy" ‘Glocalization' of business activities

Page 5: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

'Glocalization' Combination of "globalization" and "localization“ Product or service developed and distributed globally Accommodate user or consumer in local market Tailored to conform with local laws, customs or

consumer preferences Greater interest to end user

Page 6: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

'Glocalization' Yahoo! Portal viewed worldwide Different versions of website (and related services)

for different users Content and language variations in some 25

countries including China, Russia and Canada Customizes content

Page 7: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

'Glocalization'

Japanese word Dochakuka - global localization Adapting farming techniques to local conditions Marketing strategy bridge local-regional-national-

global issues Cube: micro-meso-macro scales

Page 8: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization

Combine globalization with local considerations Anything global has locality Local also global - local entrance to global

process

Page 10: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization

Integration of local markets into the world “Internalized globalization”

Page 11: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization

Simultaneity Co-presence Universalizing and Particularizing

Page 12: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization

British sociologist Roland Robertson in 1990s People actively involved in local and wider-

ranging activities of friendship, kinship and commerce

Page 13: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization in Business

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Globalization

Flow of innovation from multinational corporations

Modification of basic products through de-featuring and substitution

Desire “rich world quality in their own products"

Page 16: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Globalization

Top-down innovation Overlooks inventiveness and understanding of

local individuals Local grasp of market needs and consumer

attitudes excluded

Page 17: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Globalization

Initial surge in sales Locals lose interest due to poor adaptation Dissatisfaction with cheapened foreign sources

Page 18: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocalization Reverse innovation more beneficial Start at base Design for consumers with more specialized

understanding of surrounding conditions

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McDonald

Entered Indian market in 1996 Now everywhere

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McDonald Nothing special? Cow holy Expert in Beef Burgers Muslims don’t eat pork Do not provide beef and pork

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McDonald

McAloo Tikki™(patty made out of potatoes, peas, and spices)

McVeggie™(peas, carrots, green beans, red bell pepper, potatoes, onions, rice, and seasoning)

Chicken Maharaja Mac™(grilled chicken patties topped with onions, tomatoes, cheese and mayonnaise)

Different burgers and rolls with chicken or vegetables

Page 22: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

McDonald Listen more to local consumers Act on it Business model ‘Glocalisation’ Benefits of globalization and adapt to local

market tastes

Page 23: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

“Glocal’ Strategy

Page 24: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocal Strategy Aspirations of global strategy approach Local adaptations and tailoring of business

activities Local, international, multinational and global

strategy approaches

Page 25: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Strategy Local: consider locally related issues in business

activities International: applicable beyond home market's

boundaries Multinational: wide selection of foreign markets

targeted

Page 26: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Global Strategy Standardization and homogenization of

business activities across existing markets all over the world

Managerial utopia

Page 27: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Glocal Strategy Balance and harmony between: Standardization versus Adaptation Homogenization versus Tailoring

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McDonald One of the biggest fast food chains in the world Operating in 119 countries Adapt advertisements and menus according to

countries and cultures

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McDonald In US advertisements target children: American

kids see more than 250 McDonald’s advertisements per year.

In Japan some advertisements target adults

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McDonald

Engage different cultures Maintain strong brand Menus adjusted to appeal to every culture Drink sizes and burger sizes adjusted to suit

eating habits for each country In Japan serve EBI Filet-O Shrimp Burger - patty

of Panko-battered shrimp, topped with Ebi shrimp tempura sauce and lettuce

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McDonald

To meet Middle Eastern local taste introduced McArabia - pita bread grilled chicken sandwich

Popular in Arab countries and Pakistan Same dish served in different countries with

different names McOriental in Spain, France and Holland,

McTurco in Turkey and Greek Mac in Greece and Cyprus

Page 32: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

McDonald

In Brazil serve Ovmaltine McFlurry Ice cream blended with chocolate Ovomaltine

powder

Page 33: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

McDonald New dishes added and deleted according to

popularity and consumer trends In Japan call ‘Makudonarudo’ more appropriate

and appealing sound in Japanese

Page 34: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

McDonald Distinguish brand from products Brand linked to hamburgers Drop all meat products in some countries Sell products with international appeal - fries and

shakes

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Glocalization in Education

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Glocalization in Education

Response of education to rapidly evolving global environment

Incorporating glocal perspectives Academic leaders recognize and respond

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Glocalization in Education

Meaningful integration of local and global forces Achievement of glocal literacy in nine domains

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GLOCALIZATION IN EDUCATION

1. Political2. Economic3. Cultural4. Moral 5. Pedagogical

6. Information7. Organizational8. Spiritual and religious 9. Temporal

Page 40: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

GLOCALIZATION IN EDUCATION

Domains dynamic and interconnected Influenced by educational leaders Globalization influence local practices

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GLOCALIZATION IN EDUCATION

Intertwine worldwide discourses, processes and institutions affecting local educational practices and policies

Prepared to confront realities of performing duties within global society

Page 42: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

GLOCALIZATION IN EDUCATION

Take advantage of global instructional resources Students entry into increasingly interconnected world

Page 43: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

GLOCALIZATION IN MEDIA

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Media Making connections on international scale Impact on local stage Encourage local social cohesion and community

engagement

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Media Internet-based communication Encourage social interaction Collective communication

Page 46: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Media “The World is Flat” Internet encourages glocalization Websites in native languages

Page 47: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Think Global, Act Local

Four Ways Companies Socially Responsible And Prosperous

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Entrepreneurs and Small Businesses

Lifeblood of today’s economy Power to make impact Nimble without red tape and bureaucracy

Page 50: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Forward Looking Companies

Creating innovative products Influencing society for the better Impacting in positive way Promote change Function in socially responsible way without

sacrificing revenue and innovation

Page 51: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

Four Steps To Promote Social Change

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1. Establish Social Mission More than balance sheet Truer compass Built into mission statement Not writing cheques

Page 54: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

1. Establish Social Mission Social responsibility deeper “To create a more just and celebrated

multicultural world for our next generation.” Weave social responsibility throughout Not perfect Try our best Our product. Our people. Our Partnerships.

Page 55: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

2. Keep Mission Aligned

Consider what you’re selling Is it good for the world? Is it ethical? Profit without turning back on mission Balancing books and mission greatest challenge

and greatest achievement

Page 56: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

3. Build Community

Change not easy Cannot be done alone Partnerships achieve more

Page 57: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

3. Build Community

Community – stakeholders, like-minded companies

Connect and support companies and organizations with similar values and ideals

Customers greatest evangelists Social media - voices heard

Page 58: BFBM(15-2016) Glocalization by prof. dr. aung tun thet

4. Don’t Forget Your Team Living breathing representation of company and

imission Choose wisely Company culture matters Strong commitment Foster mission

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Remember

Great products or services Amazing community partners Incredible company culture and teamwork Stay true to mission More than profit to influence decisions

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Thank You!