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International Marketing Assignment 1

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Assignment 1: Global Business Today – The Hofstede Study

Professor David Holness

MKT505011VA016-1146-001 International Marketing

7-23-2013
As companies compete for the consumers’ loyalty and purchasing power, much research must go into determining if a product will succeed or fail in its given target market area. Azure Tea Company has experienced continuous growth in their respective market region, and because the focus of the brand will cater to almost any age group, it is just a matter of making sure individuals fully understand the amount of attention given to quality for this brand. Future growth for this company is evident across the world because the stats are showing that more humans are beginning to incorporate tea drinking as a pastime. Valiga states, “marketing and product introduction involves the continual development of customers and ongoing renewal of their commitment, understanding, and involvement; these are the true defining characteristics of a industry leader” (Valiga, 2009). As with any type of product expansion, a firm understanding must be had about the overall factors that affect the potential growth of the brand into the region. Relocation is the option that will provide the company with the largest growth opportunities, and sustained business for decades to com.
In identifying countries for Azure Tea Company to relocate, there needs to be a firm understanding of the Hofstede Cultural Dimensions model. This provides us with some sound documentation on various countries would pan out with regards to the relocation of the company from the US to another country. The following countries on the next page are excellent choices based upon various parameters including, but not limited to individualism, masculinity, power distance index, etc.

| Power Distance Index (low-med) | INDIVIDUALISM (ranking) | Masculinity (ranking)

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