Expanding technology-based transcultural diffusion: Lessons from Brazil and the Philippines

Margee Hume, Paul Johnston, Mark Argar, Craig Hume

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter focuses on addressing: the screening criteria used to evaluate potential new energy- related technology ventures in two international markets, namely the Philippines and Brazil; adopting a single case methodology to communicate the firm strategies used to attract investment and the behaviour adopted to try and effectively and efficiently enter the global market; and based on the descriptions and behaviours found, the case offers a holistic entry framework which will advance understanding of transcultural marketing and entry needs of the Philippines and Brazil regarding new energy-related innovations. This chapter uses qualitative case analysis of a single case technology commercialisation organisation and the experience of entering two new world markets: the Philippines and Brazil. These two markets have been selected as they are focused on energy securitisation, possess a distinct business culture related to early stage and Venture Capital (VC) investment and the behaviour of VCs, and are currently commercially attractive and interested in international investment and new technology market development (Broad & Cavanagh, 2011; Castells, 2011). This chapter reports on data focused on investment activity within the technology market in Brazil and the Philippines and cultural factors affecting investment and market entry specific to these markets. The chapter integrates the cultural issues of each destination with current literature and develops a checklist of actions related to each market destination. The chapter will assist with the success of attracting investment, sales growth, and performance in the new market and enhance profitability of the venture. The chapter will offer specific actions related to the entry and investment in each market and contribute to international marketing knowledge. This chapter offers a new transcultural marketing perspective on international venture capital exploring and learning from these two diverse emerging world markets. The lessons learnt from each market creates a shared and advanced outlook on seeking successful venture capital in newer global markets (Broad & Cavanagh, 2011).

Original languageEnglish
Title of host publicationCross-Cultural Interaction
Subtitle of host publicationConcepts, Methodologies, Tools and Applications
PublisherIGI Global Publishing
Pages1512-1529
Number of pages18
Volume3
ISBN (Electronic)9781466649804
ISBN (Print)1466649798, 9781466649798
DOIs
Publication statusPublished - 31 Jan 2014
Externally publishedYes

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    Hume, M., Johnston, P., Argar, M., & Hume, C. (2014). Expanding technology-based transcultural diffusion: Lessons from Brazil and the Philippines. In Cross-Cultural Interaction: Concepts, Methodologies, Tools and Applications (Vol. 3, pp. 1512-1529). IGI Global Publishing. https://doi.org/10.4018/978-1-4666-4979-8.ch086