Today is the age of Globalization. The world is emerging closer
together, and human wants are said to be converging together. But
questions still arise, on what exactly do consumers want? When an
international company enters a market, do they have to change the way
they marketed or produced their product to ensure that it is in
accordance with the local needs? Researchers who support the theory of
adaptation state that, if any company enters international terrain, it
has to adapt itself; otherwise demise of the organization is certain.
Adaptation Strategy and its benefits is a topic that had been debated
over for more than a decade now. Certain researchers are absolutely sure
that, local consumers have local needs arising out of local cultures and
customs, which needs to be met, for an organization to successful. In
this book, Adaptation strategy and its role in international business
and marketing is emphasized. Mainly concentrating on the marketing mix
aspects within the international market. Namely: Product, Price, Place
and Promotion.