Surprisingly, in emerging markets, foreignness may B also provide the MNE with an advantage. While there o is evidence that suggests a bias against foreign compa- re nies in advanced economies, recent research in the emerging market context suggests otherwise. For in- h stance, Newburry et al. (2006) discovered that, where re local companies possess limited skills and reac for- F eignness does not necessarily result in disadvantages. b This may be attributed to company-specific strengths, t greater access to technology, global networks, and large overseas markets. consumers everywhere have developed Regardless greater affinity and preference for global brands in recent I years. The net implication of this trend is that multina tional enterprises must engage in a deliberate shift from a multi-domestic strategy to a global marketing strategy Whether through organic growth or acquisitions, MNEs need to invest in nurturing global brands. Research indicates that standardized global brand names provide firms with cost savings and greater product sales volume (Alashban et al. 2002. Additionally, perceived brand globalness is positively associated with brand quality and prestige (Steenkamp et al. 2003).