BUS203: Principles of Marketing

Multicultural marketing (also known as ethnic marketing) is the practice of marketing to one or more audiences of a specific ethnicity – typically an ethnicity outside of a country's majority culture, which is sometimes called the "general market". Typically, multicultural marketing takes advantage of the ethnic group's different cultural referents – such as language, traditions, celebrations, religion and any other concepts – to communicate to and persuade that audience. Cultural and Ethnic variation in multi-cultural societies such as the United States provides marketers with the opportunity to connect with consumers by developing consumer segments for targeted marketing initiatives. For example, insight into to the culture and ethnicity of consumers is applied directly to consumer targeting through a variety of marketing initiatives in the U.S.

Cultural and Ethnic variation in multi-cultural societies such as the United States provides marketers with the opportunity to connect with consumers by developing consumer segments for targeted marketing initiatives. For example, insight into to the culture and ethnicity of consumers is applied directly to consumer targeting through a variety of marketing initiatives in the U.S. Multicultural marketing acknowledges differences in perception, motives and beliefs among consumers with different cultural backgrounds, utilises cultural norms of several cultures to maximise exposure of the business's product or services by demonstrating interest and appreciation of different cultures. For a multicultural marketing strategy to succeed, cultural differences must be identified, understood, and respected. Businesses must communicate on different "wavelengths" and adapt to different markets around the world.

International marketing generally works with national-level data. International marketer analyses nations with respect to GNI/capita, education levels, available mass media, social media used, retail infrastructure and product category data, all at the national level. Applying cultural values at the same national level is useful for understanding differences in consumer product ownership, brand preferences and motives. This cannot be established by differences in income or other demographic characteristics but may be explained by cultural differences. Cultural value data tends to be assessed using either primary or secondary data. Primary data is derived directly from assessing values through surveys or experiments. Secondary data includes scores of proportions of national culture. For individual-level studies, data is collected and analysed at the individual level and tied to the individual level outcome. For measuring culture at the national level, individual data are combined by country and linked to the country-level outcome or pre-existing country-level measures.

Multicultural marketing (aka, ethnic marketing or cross-cultural marketing) applies unique marketing techniques to access the ethnic market. "Ethnic market" refers to cultures other than the majority culture in a company's home area. Multicultural marketing strategies involve recognising a culture's traditions, beliefs, values, norms, language, and religion – and applying those aspects to market to that culture's needs.

Source: Wikipedia, https://en.wikipedia.org/wiki/Multicultural_marketing
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