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Generally speaking, many companies are interested in the potential cost savings of using the same product and promotional mix on a global basis. It is easier to control the program and less time is required in developing the marketing plan. However, as you have learned, each country has a different culture, and a successful marketing strategy must connect with the local population.
McDonald's is one of the most successful American companies in the global market since it has skillfully adapted its international marketing strategy, and its menu to meet local tastes and preferences thus allowing it to prosper in almost every local environment. You may be surprised to know that McDonald's now earns a majority of its revenues overseas.
Use your module readings, library resources and the Internet to research McDonald's global marketing strategy. Then, respond to the following:
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What are the difficulties in measuring this within one country and making comparisons of the standard of living of people in different countries?
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