Delivering Customer Value Through Essay Example | Topics and Well Written Essays - 6000 words

Delivering Customer Value Through - Essay Example Talking on this note, it can be said that the entire process of globalization has played a major role in the process of opening of markets around the world and making information from various corners available to the masses, irrespective of their geographical locations. As a matter of fact, it can be said that the entire process of globalization has played a major role in the process of influencing the consumer behavior, needs and demands of the masses all over the world. The high level of influence that are being implemented on the masses by the process of globalization has led to the evolution of needs and demands for various kinds of new products and service in various markets around the world. ... rnments around the world concentrate on attracting foreign investments of diverse nature like the Foreign Institutional Investments (FIIs) and Foreign Direct Investments (FDI). The factors of favorable government frameworks, economic policies as well as tremendous demand from various markets for various new products and services are encouraging the companies around the world to focus on the process of catering to the growing demands of the global masses. As a result, the companies around the world are designing strategies like product development, market development and even diversification strategies for the purpose of entering new markets. This has automatically resulted in the increase of the level of competition in various markets around the world and is also providing the customers in various markets around the world with a significant number of alternative products. This is resulting in the increase in competition for products and services and is promoting inter firms rivalry a mong various companies in multiple markets around the world. With the rise of similar types of products and services in any particular market, the consumers are left with a wide array of choices. Acting on the basis of normal and rational consumer behavior, it is quite natural for the consumers to select the products and services, which provides the best fit to their consumption trends as well as lifestyle patterns. Hence, with regards to standards economics philosophy of marginal and total utility, it can be clearly said that the consumers will show ample signs of choosing products and services which provides a lot of values to them as compared to other alternatives that are available in the market. Literature Review Overview From the view point of micro economics, it has always been