glocal
Glocal is a portmanteau of global and local and denotes a mindset, strategy, or phenomenon that seeks to reconcile worldwide interconnectedness with local particularities. It describes ways in which global ideas, products, or policies are adapted to fit local contexts while leveraging global networks, resources, and standards.
The term gained prominence in the late 20th century in business, marketing, and development discourse. It is
In business to marketing: Companies tailor offerings for different markets, adjusting features, packaging, language, pricing, and
In development and policy: Glocal approaches emphasize stakeholder involvement and context-sensitive interventions, using global knowledge and
Critiques and limitations: Critics argue that excessive localization may undermine economies of scale or perpetuate stereotypes;