Multidomestic and Global Strategies Essay

Exclusively available on Available only on IvyPanda®
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment

Johnson & Johnson is one of the companies using the multidomestic strategy. The approach can be defined as the employment of completely different tactics, marketing methods, and product portfolios regarding the peculiarities of the countries where the company operates (Syed, 2022). It helps to boost sales by meeting local needs and considering clients’ cultures and demands. However, it also requires the corresponding organizational structure. Johnson & Johnson uses a multidimensional model, implying a significant number of units that function regarding the leadership models designed to satisfy their current needs (Syed, 2022). This approach ensures the increased flexibility of every branch office and its ability to make decisions regarding the peculiarities of the local market and demand. This organizational structure supports the multidomestic strategy as a higher level of independence is critical for managing the various marketing models and approaches.

Nike is a company that relies on using a global strategy. The method means that the firm creates and supports one global brand with few changes in marketing activities, promotion, and branding (Syed, 2022). This framework helps to increase the global presence by focusing on cultivating a stable interest in a particular product and creating its recognizable brand. Nike supports this model using the matrix organizational structure (Cuofano, 2022). It means the corporation combines hierarchical and product-based structures to manage its departments in various countries. It allows top management to introduce the main course that should be followed by local managers (Cuofano, 2022). At the same time, they might make their own less important decisions to consider current peculiarities. The strategy lacks flexibility and independence; however, it helps to support the global strategy and guarantees the company preserves its competitive advantage and continues cultivating its recognizable image.

References

Cuofano, G. (2022). . FourWeekMBA. Web.

Syed, S. (2022). . Transifex. Web.

Print
More related papers
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2024, March 26). Multidomestic and Global Strategies. https://ivypanda.com/essays/multidomestic-and-global-strategies/

Work Cited

"Multidomestic and Global Strategies." IvyPanda, 26 Mar. 2024, ivypanda.com/essays/multidomestic-and-global-strategies/.

References

IvyPanda. (2024) 'Multidomestic and Global Strategies'. 26 March.

References

IvyPanda. 2024. "Multidomestic and Global Strategies." March 26, 2024. https://ivypanda.com/essays/multidomestic-and-global-strategies/.

1. IvyPanda. "Multidomestic and Global Strategies." March 26, 2024. https://ivypanda.com/essays/multidomestic-and-global-strategies/.


Bibliography


IvyPanda. "Multidomestic and Global Strategies." March 26, 2024. https://ivypanda.com/essays/multidomestic-and-global-strategies/.

Powered by CiteTotal, free citation maker
If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
Cite
Print
1 / 1