Global marketing overview Marketing Mix Adapting to new markets McDonalds in France & the USA Product Price Place Promotion Reflect and summarize Quiz Q&A Global Firms Typically large corporations Global supply chains Every Market is different Cultural tastes & preferences The message and products a company offers for the marketing mix Standardized: One Adapted: Change global marketing marketing approach & approach & product products for each offering market. The 4 P’s Product Place Price Promotion Chapter 19 : Case Study of McDonald’s in Russia Serving local markets with a global brand About 65% of $23 billion of sales came outside America 32,000 restaurants serve : - more than 60 million people - more than 100 countries each day McDonalds Founded May 15, 1940 in San Bernardino, CA Iconic logo & brand recognition Estimated $2 billion global advertising budget Operates in 122 countries First McDonalds in France opened June 30, 1972 France United States Baguette Sandwiches & Tomatoes 12 sauces McFlurry: 16 different mixins Beer Burgers & Fries 8 sauces McFlurry: 3 mix-ins Partnerships with local agribusinesses 3 large corporate suppliers France Big Mac: $4.80 Maximum Menu Good value United States Big Mac: $4.37 Dollar Menu Good value France Over 1,200 Locations Stay and eat with friends America 12,804 Locations Get food & Go French McDonalds advert endorsing sexual equality http://www.youtube.com/w atch?v=SBuKuA9nHsw&feat ure=player_embedded Focus on social change McDonalds adverts in US typically musical Monopoly game Once a year McRib Cult following, lines out of McDonalds when released Successful companies know how to adapt Every market is dif ferent McDonalds much bigger, more varied than expected QUIZ! QUESTIONS? "McDonalds restaurants by countr y", McDonald's. Retrieved from http://www.NationMaster.com/graph/foo_mcd_res -foodmcdonalds-restaurants http://wfxd.com/wpcontent/uploads/2012/05/mcdonalds_WeSpeakNews_Olympi cs.jpg http://www.mcdonalds.fr / http://www.mcdonalds.com/us/en/ home.html Slide 1: http://logo-sign.com/tag/mcdonalds-logos/ Slide 3: http://c7.valuewalk.com/wpcontent/uploads/2012/01/Toyota11. jpg; http://i.telegraph.co.uk/multimedia/archive/02421/ windows _2421293b.jpg; http://images.fanpop.com/images/image_uploads/Adidas Logo-adidas-37452_1600_1200.jpg Slide 6: http://commons.wikimedia.org/wiki/File:First_McDonalds,_Sa n_Bernardino,_California.jpg Slide 8: http://www.mcdonalds.com/dam/McDonalds/bundleinstance/mcdonal ds-Big-Mac-Extra-Value-Meals.png; http://www.mcdonalds.fr/sites/default/files/812x241 . jpg; http://www.thatsnerdalicious.com/wp -content/uploads/2011/02/goatcheese-mcdonalds-burger-france.jpg?cb5e28 Slide 9: http://technorati.com/lifestyle/ar ticle/25000 -big-macs-andcounting/ Slide 10: http://janetong.com/image_galler y/data/p1480575.jpg ; http://www.homedit.com/the -new -design-of-mcdonalds-in-france/ Slide 11: http://cdn.blogs.sheknows.com/thewire.sheknows.com/2010/10/ mcdo nalds_monopoly.jpg Slide 1 2: http://sites.psu.edu/renko137h002/files/201 2/11/imlovin31 . jpg