„I don’t know, Mr. Lange… Do you really want to keep it on for the meeting with the Americans?“
Confucius spoke of three ways for people to act in an intelligent manner: the first and noblest is to take the time to reflect; the second and easiest is to imitate; the third and most bitter for being the most expansive is to act according to one’s own experience.
Human beings are surely capable of learning but are we also ready to learn from our experiences? I do have my doubts when I see what is going on in everyday business. Read more
Article collaboration: Michael Wendler
As from January 1, 2015, there is a legal minimum wage of 8.50 euros per hour for the first time in the Federal Republic of Germany. Germany is now one of the 21 out of 28 member states of the European Union to have a cross-industry minimum wage.
Yes, you read correctly. I am talking about GOING GLOCAL. Another new expression you say. In fact you are not that wrong, however the world is not standing still but developing further.
It has become obvious that with globalization running high, the masses are searching for differentiation, as with global trends everything appears to be done the same way everywhere. This is as true for the increasing trend for regional markets ignoring national boundaries as for the trend for individualism of consumption on a personal level.
For that reason let me tell you a story about something that happened to me during a business trip to Hong Kong some years ago, and which in my opinion properly illustrates my perception of GOING GLOCAL.
After quite a busy day we went with some business partners to have dinner at a local restaurant in Hong Kong. Once we had agreed on the menu, the waiter asked us what we would like to drink. The British partner asked straight away for a beer, so we asked what beers were on offer. The waiter replied Tsing Tao, Heineken, Carlsberg and Hong Kong beer, and proudly recommended the last one. Being curious and open to try something totally new we ordered Hong Kong Beer.
To our surprise the waiter came back with 4 bottles of San Miguel, which led to some laughter. The waiter didn´t share the joke and asked us what was so funny. We explained that he had brought us a Spanish beer instead of a Hong Kong beer, but his reaction was to get somewhat annoyed proclaiming that this was not a Spanish beer but a Hong KONG beer pointing furiously to the text “Hong Kong Beer” on the back of the bottle in small letters. Now this made me really curious and I asked the Spanish partner to comment on the taste of the beer. With a big smile, he added straight away the taste was nothing like San Miguel.
But apparently the different taste did not reduce the success of Hong Kong beer. On the contrary the adaptation to local taste helped quite a lot. One has to simply recognize and applaud the marketing strategy as they had understood what GOING GLOCAL meant: the building up of a global brand taking into account the local circumstances. To convince the Chinese that San Miguel is Hong Kong Beer deserves my highest respect.
When I talk about GOING GLOCAL I mean that in order to build up a global brand you need to consider at the same time the local conditions and settings. From this point of view export meant to me up until now the sale of goods or services over national boundaries, whereas GOING GLOCAL means sales to different local markets considering the local conditions.