1. Bharti-Wal-Mart: A Glocalization Experience.
- Author
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Matusitz, Jonathan
- Subjects
GLOCALIZATION ,INDIAN economy, 1991- ,ECONOMICS & culture ,MARKETING research - Abstract
This paper analyzes the experience of Bharti-Wal-Mart, a joint venture between Wal-Mart and Bharti Enterprises (an Indian telecommunications company), based on the principles of glocalization theory. By and large, glocalization refers to the adaptation of multinational corporations (MNCs) to local cultures. MNCs achieve this by immersing themselves into local cultures and by adopting unconventional marketing techniques. A major finding of this analysis is that globalization is not monolithic. It is not a homogenizing factor that forces local cultures to follow the norms, practices, and values of a big corporation. In fact, Wal-Mart executives quickly learned that imposing the Bentonville blueprint on local Indian populations would be doomed to failure from the beginning. An important focus of this analysis is to establish a framework for greater understanding of the strategies adopted by Wal-Mart in India. [ABSTRACT FROM PUBLISHER]
- Published
- 2015
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