Researching culturally diverse markets
Research on international diversification provided Boots with the evidence it needed to make strategic global expansion decisions. Yvonne Burr, ORC International and Nigel Dolman, Boots The Chemists, reveal how
Yvonne Burr and Nigel Dolman
In 1996 Boots, the UK's largest pharmacy and drugstore chain, was considering opening stores overseas. The three countries it was reviewing exhibited very dissimilar characteristics in terms of overall level of economic development and the state of their retail sector:
Japan, which has a generally affluent population. But, despite the sophistication of...