Factors affecting the success of localization strategy of fast food Literature review

Factors affecting the conquest of topical anaestheticization strategy of unfaltering forage companies in Asian countries - Literature review Example consolidation national economy to the global economy calls for sustainable victimisational approaches through efficient phthisis of local resources with the underlying cause of welfare to the society with environment friendly processes. According to Bruntland reportDevelopment that meets the involveof the present without compromising theabilityof future generations to meet their own needs is called as sustainable development (Business Dictionary.com). This paper seeks to study and analyze the issue with reference to the following questions 1. Why localization strategy is great for fast food industry in Asian countries? 2. How to use the localization strategy for fast food industry in Asian countries? 3. What are the key factors affecting the success of localization strategy of fast food companies in Asian countries? Localization strategy in Asian countries Asian foodstuffs are extremely heterogeneous in nature, especially in the case of food industry with different ethnic groups, languages, bulky cultural differences and divergent climatic conditions. The religious mix varies from region to region with a very retentive history. Food security and alleviation of poverty are the major concerns for the most of the Asian countries which are hard populated compared to European or American countries. The government policies are oriented towards building a sustainable food economy. Therefore, a successful localization strategy for a sustainable growth has to be in line with the basic objectives of the State taking into account the income levels, local spending choices, nutrition and health, rural predetermine of the economy, urbanization process at various stages in different countries, employment generation, educational and technological developments of the regions, the use of agricultural lands, climatic co nditions, efficient utilization of natural resources and its environmental impact. Business Monitor International (2011, p. 6) states wellness and hygiene scares continue to be a major concern in Chinas food industry, with the government implementing crackdowns on chemical additives in food products. Adoption of the best industrial and commercial practices by the fast food companies is essential for the desired effect in reshaping the food system and food habits in the communities. Localization efforts go beyond menus and the organization needs to integrate itself with the cultural mainstream of the host country to scrape a chord with the consumers. Lee, M. et al (2011) state, Yums cultural flexibility doesnt end with the localized menu. piece of music fast-food restaurants in the westbound often host kids birthday parties, KFCs in Urumqi, capital of the Xinjiang autonomous region thats home to the Muslim Uyghur people, advertise parties for the families of boys who have just und ergone the religious ritual of circumcision. The Asian markets hold likely for growth in future on account of growing population which provides a huge market coupled with high growth in economy over the period of time in the ultimo which is expected to continue in future. Davies, R. (1996, p. 2) states The interest in Asian management is primarily a juvenile phenomenon, facilitated by the growth in Asian markets within the global economy, and a realization in the West that Asia is both a region that will be central to any serious global business, and alike a region that can offer the West much wisdom in management techniques. The posterior developments in the continent have justified this