#market-adaptation

#market-adaptation

Product localization customizes products for target market languages, cultures, and regulations.

76% of shoppers favor products with information in native languages.

Pivoting is crucial for business survival but must be executed wisely to prevent negative consequences.

7-Eleven's success in Japan exemplifies effective adaptation in global expansion, while Liquid Death's failure in the UK highlights the importance of understanding local markets.

Dunkin's attempts to expand into China and India faltered due to cultural differences in breakfast preferences and persistent quality issues.

LG Electronics is pivoting from a home appliance brand to a smart life solution company, emphasizing innovation and technology integration.

Modern Learning Management Systems are critical for adapting sales training to the evolving market demands and improving team performance.