African Journal of Risk Management (Business focus)

Advancing Scholarship Across the Continent

Vol. 2004 No. 1 (2004)

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Global Market Penetration Strategies: Insights from Ghana's Local Product Marketing Initiatives

Baffour Aikins, Department of Advanced Studies, University of Cape Coast Kofi Kwabena, Water Research Institute (WRI) Yaw Mensah, Department of Advanced Studies, Noguchi Memorial Institute for Medical Research Amoako Darkwa, University of Cape Coast
DOI: 10.5281/zenodo.18802116
Published: May 23, 2004

Abstract

The global market penetration of local products has become increasingly important for businesses operating in diverse geographical and cultural contexts. No empirical results are provided; instead, a qualitative approach is employed to synthesize insights from various case studies and literature reviews. The analysis reveals that successful strategies often involve localized marketing campaigns tailored to specific cultural preferences and market segments in foreign countries. Ghanaian companies have successfully navigated the challenges of global markets by emphasising product authenticity, leveraging traditional knowledge, and adopting culturally sensitive marketing approaches. Businesses considering global expansion are advised to conduct thorough market research, incorporate local insights into their strategies, and maintain cultural sensitivity in all communications.

How to Cite

Baffour Aikins, Kofi Kwabena, Yaw Mensah, Amoako Darkwa (2004). Global Market Penetration Strategies: Insights from Ghana's Local Product Marketing Initiatives. African Journal of Risk Management (Business focus), Vol. 2004 No. 1 (2004). https://doi.org/10.5281/zenodo.18802116

Keywords

GeographyAfricaMarketSensitivityStrategicAlliancesBehaviouralMarketingConsumerCultureDiversificationStrategies

References