BMW's International Marketing Strategy Analysis

Qianqian Yu; Miao Zhang; Yanwangqing Ju

doi:10.54254/2754-1169/42/20232084

Research Article

Open access

Published on 10 November 2023

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Yu,Q.;Zhang,M.;Ju,Y. (2023). BMW's International Marketing Strategy Analysis. Advances in Economics, Management and Political Sciences,42,89-96.

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BMW's International Marketing Strategy Analysis

Qianqian Yu ¹, Miao Zhang *^,2, Yanwangqing Ju ³

¹ Ningbo Foreign Language School
² Newcastle University
³ Yangzhou High School

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/42/20232084

Abstract

This research explores BMW’s international marketing strategies, illuminating the company’s dynamic approach to global expansion and local market adaptation. Renowned for its luxurious and high-performance vehicles, BMW has successfully established a prestigious brand image worldwide. This study investigates the pillars of this international success, emphasizing its innovative product strategy, effective localization, comprehensive customer engagement, and commitment to sustainability. The study further dissects BMW’s market segmentation, positioning, and targeting approaches, which have helped the company build customer loyalty and generate a competitive advantage in diverse markets. The adaptability of BMW’s marketing mix—product, price, place, and promotion—across different geographic regions is also examined, underlining how the company balances standardization and customization. Additionally, the research reveals BMW’s increasing reliance on digital marketing and its impact on the brand’s global reach and customer experience. Lastly, the paper discusses BMW’s sustainability initiatives, shedding light on how the company addresses emerging global concerns and market demands, particularly the transition towards electric vehicles. This comprehensive study provides insights that may guide other multinational corporations in designing and implementing their international marketing strategies. It also contributes to the academic literature on international business and marketing by providing a nuanced understanding of how a premium automotive brand like BMW navigates complex and diverse global markets.

Keywords

domestic marketing, international marketing, branding

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References

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Cite this article

Yu,Q.;Zhang,M.;Ju,Y. (2023). BMW's International Marketing Strategy Analysis. Advances in Economics, Management and Political Sciences,42,89-96.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-105-6(Print) / 978-1-83558-106-3(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.42

ISSN：2754-1169(Print) / 2754-1177(Online)

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