3 Success Stories of Local Brands Going Global
Wealth2 Minutes Read

3 Success Stories of Local Brands Going Global

April 15, 2024 Share

Have you ever thought about how big brand names turned from local to global brands?

For successful global brands expansion, having a cohesive international positioning strategy is essential. Without this base, companies run the risk of disappearing from new markets before they have a chance to establish themselves. Starbucks, Ikea, and Nike are 3 well-known brands that succeeded in building a name globally, but did you know how they started?

9 Characteristics of Top Successful Brands | MarcomCentral
Image Courtesy of Marcom

Starbucks: From Seattle to The Whole World

Starbucks’ remarkable journey from a modest Seattle business to a worldwide phenomenon serves as an example of the effectiveness of a unified global approach for brands. When Jerry Baldwin, Zev Siegl, and Gordon Bowker founded Starbucks in 1971, their primary focus was on selling high-end coffee beans and accessories. However, the brand’s direction didn’t change until Howard Schultz arrived in 1982.

Starbucks underwent a radical makeover when Schultz brought the idea of brewed coffee to the company, influenced by Italian coffee culture. Starbucks attracted coffee enthusiasts worldwide with its rapid expansion throughout the United States. Starbucks began to expand internationally in the middle of the 1990s, initially into Singapore and Japan.

Their approach? Providing a dependable, excellent experience while taking local tastes into account. Starbucks now has a presence in more than 70 countries, demonstrating how success starts locally and spreads worldwide.

Image Courtesy of Zhang Peng

Explore the Story of IKEA: From a Farm to Your Home

On a little farm next to Agunnaryd, Ingvar Kamprad sowed the seeds of IKEA in 1926. When IKEA opened its first furniture store in Älmhult, Sweden, in 1958, it completely changed the retail scene. IKEA’s daring choice to launch its direct-to-customer strategy let customers see its cutting-edge products up close. IKEA set out on an ambitious expansion path as the years went by, breaking into new markets like the UK, Italy, France, and the USA, especially in the early 1980s. As the year 2000 rolled around, IKEA had cemented its position in international markets—including Russia and Japan—while persistently supporting ethical and environmental causes. These days, the recognizable IKEA shopping experience is enjoyed by people worldwide.

Image Courtesy of Vox

Nike: When Marketing Takes You Globally

Nike has gained international acclaim for its clever marketing techniques and has proven to be competent at customizing its advertising efforts to appeal to a wide range of consumers across the globe. The firm is well conscious of the need to modify its messaging to conform to local tastes and cultural quirks, even though the catchphrase “Just Do It” continues to be a pillar of Nike’s brand identity. Nike’s engaging “Use Sports” campaign, which features local athletes and celebrities whose inspirational tales of success serve as potent motivators for others, is a shining example of this adaptable approach in action. Nike has seen a notable increase in market share and brand recognition in the area as a result of these regionalized activities.

Image Courtesy of REUTERS/Valentyn Ogirenko

The process of turning regional companies into international giants is characterized by strategic vision, creativity, and flexibility. This shift is best shown by Starbucks, IKEA, and Nike, each of which had a different route to success abroad. A well-thought-out worldwide positioning strategy is crucial, as seen by the rise of Nike in global marketing, IKEA’s revolutionary direct-to-customer approach, and Starbucks’ transformation from a small coffee bean seller to a multinational coffee chain. Their experiences demonstrate that success can be achieved at any level with hard work and vision, and they are a source of inspiration for up-and-coming firms hoping to establish themselves internationally.

Similar Stories
Smart Investment: 9 Fashion Items Worth Your Money
Crypto Check | Where Does Bitcoin Really Come From?: Bitcoin Mining Explained
3 Alcohol Bottles Worth Having in Your Collection
Author: perihan
snap
pin
brands
Global
investment
local
success