In
the ultimate analysis, modern economies all over the worldconsumer
visàvis market analysis are thriving based
on the consumer disposition towards nature, society and life
in general and the consumer behavior pattern in particular.
The phenomenon of globalization has emerged onto the global
scenario from the womb of global economy with the closely
knitted and interwoven national economies as its constituents.
While "globalization" is an offshoot of modern world
economy based on the principles of profitmaximization, export
of capital and export of technical knowhow, "having
mode" is an offshoot of its siblingconsumer activism.
In fact, consumer activism has reached such an extent, more
particularly, in certain service sectors, such as cellular
telephony and certain FMCGs such as detergents, toothpastes
to TV sets, that a kind of consumer confusion and consumer
enigma is prevailing in the market now.
The
principles of the world economy with an emphasis on free economic
competition reinforced by free expression of consumer interests
consumer feelings, expressions, ideas, thoughts, views and
opinions have become the embodiment of modern economic and
business philosophy, that is, globalization. Thus, globalization
is finding its echoes and reechoes not only in the principles
of economy and management but in shaping, influencing and
determining the consumer behavior patterns as well. It has
become not just an economic phenomenon but a sociocultural
and politicoeconomic phenomenon too. |