As a matter of fact, it can be said that there is a great demand for various new as well as existing products and services in the marketplace. In an attempt to cater for this demand, various companies around the world are focusing on fulfilling this demand by entering into new markets or catering existing markets by offering new values based products and services. This paper discusses in details the multiple processes that companies implement for the process of value generation for a wide range of customers while maintaining their levels of profitability.
As of today’s date in an attempt to survive the cut throat competition in the marketplace, the companies around the world firmly believe, that the process of entering into new markets through the carefully designed strategic moves related to product development, market development, product penetration and diversification will help them achieve significant amount of business growth in the upcoming future. So, the companies are looking forward to implement the various methodologies like globalization, localization as well as glocalization.
On a concluding note, it has to be stated that in this particular assignment, the global brand Apple is taken because of the brand’s significant amount of presence in various markets around the world. The other important factors behind the selection of this particular global brand are the process of high brand equity as well as high consumer demand around the world.