Online ISSN: 2515-8260

AN IMPACT OF CULTURAL FACTORS ON MARKETING STRATEGY PERFORMANCE IN MUMBAI-BASED ORGANIZATIONS

Main Article Content

Dr. Shikha Singh

Abstract

This study delves into the intricate relationship between cultural factors and marketing strategy performance in organizations based in Mumbai, a culturally diverse and dynamic metropolis in India. Mumbai's cosmopolitan environment, characterized by a myriad of languages, traditions, and lifestyles, presents both opportunities and challenges for businesses seeking to succeed in this market. The primary objectives of this research are to examine how cultural factors influence marketing strategies, their effectiveness, and their impact on organizational performance. To accomplish these objectives, the study employs a comprehensive research methodology that includes surveys, interviews, and data analysis using statistical tools. The findings of this study underscore the critical importance of cultural sensitivity and customized marketing strategies that resonate with the cultural identity of the local population. Continuous market research is highlighted as an essential practice to stay attuned to evolving cultural trends and consumer behaviors. Collaboration with local influencers and cultural experts is recommended, along with being open to feedback-driven adaptations.

Article Details