NAMES, SIZES, TASTES AND ATTRIBUTES MATTER: CHECK CULTURAL NORMS AND CUSTOMS BEFORE ENTERING A NEW MARKET
Although, we live in the age of globalization, still when a firm enters a foreign market, it is imperative to pay attention to cultural norms and customs to adapt to the new culture specifically when it comes to names, sizes, and particularly tastes. Food and music are the two universal languages, yet each culture gives them a unique taste. Therefore; never assume, what is acceptable in one culture would be accepted in another culture.
IT'S ALL ABOUT THE TASTE
McDonald’s entered into Korean market for the first time in 1988, -about 9 years later than its Japanese competitor Lotteria which entered into Korean market in 1979. McDonald’s faced challenges in the beginning to attract Korean market who were a fan of Bulgogi burger and Rice burger offered by Lotteria, which were entirely adapted to Korean taste.
According to a 2010 article “Experience To Go” by Andrei Lankoy, Lotteria achieved a 45% market share in 2001, compared to 20.1% for McDonald’s. Lotteria's success is attributed to Koreanized (adaptation strategy) fast food including its signature Kimchi burger.
However; McDonald’s has since implemented adaptation strategy to better serve the needs of the consumers as required by the cultures of specific countries. If you are a McDonald’s fast food fan, when you travel around the world, you should notice the menus are quite different in each country and as well as the tastes and sizes.
Lankov, Andrei. "Experience To Go." Korea Times. Seoul, Korea: 25 October 2007". Koreatimes.co.kr. Retrieved 28 June 2010.