Key Brand Comparison Analysis Writing Assignment

KEY BRAND COMPARISON ANALYSIS
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Introduction
Global branding is the process that companies take to be recognized throughout much of the world. They do this by promoting the attractiveness of their brand and making it more appealing to the consumers/customers to make the customers accept it. Global branding is making awareness to customers on the existence or continued existence of a good or service. Companies do global branding with an aim of increasing their market and helping them to be more competitive with other companies that work within their field. Global branding is a common strategy adopted when companies extend their market to other places around the world other than its original home. In short, global branding can be defined as the act of making something, a good or service, known throughout most of the world.
Local market implementation is a process adopted by companies as they place their products in a local market. It is the strategies that companies use to enhance the sale of their products in a market. When companies get into a market, they come up with a marketing plan that is meant to promote the sale of their products. Local market implementation is the process in which companies adopt and implement marketing strategies so as to promote their sales and also ensure that they are able to increase their profits and compete with other companies.
Volkswagen in China
Volkswagen (VW) is a German automobile company that was started in the year 1937 in German Wolfsburg by the German Labor Front. The Volkswagen Group, based on worldwide sales, was ranked the largest automaker in the years 2016 and 2017. Its main market is China where 40% of the company’s sales and profits are derived from. The company, with a German origin, is the largest automobile brand used in China. It has set up productions in the country whose operations include the production of cars, their sales, and servicing. The company got into the China market in 1973 and has become the most successful international company in the automobile industry of the country.
The Chinese market did not allow foreign companies to own a majority stake in manufacturing plants. On entering the market, VW entered with contracts and deals that it makes with other Chinese investors so as to be able to operate in this market. It later formed the Volkswagen Group China (VWC) in the year 2004. The VWC is a group that is made of a partnership between the foreign investors and local investors so as to ensure that the company was able to have maximum control of the operations of their production, sales, and service. VWC is managed by a board of members who are in charge of all its operations.
The company in China adopted some global branding strategies. First, the company identified with the market and purposed its productions towards the satisfaction of the people in the market it was targeting. It did this by actually naming some of the automobiles it produced with Chinese names. The company also made its image more attractive to the people of China by blending with some of the renowned companies in the country. The policy of foreign countries not owning the majority stake played a major role in ensuring that the company partnered with local c...