At the turn of the century practice had shown that standardized global advertising is not equally effective in all markets. Much of it is wasted in markets where consumer values are different from the values promoted in the advertising message. As a result, the Coca-Cola Company, which had been the prototypical global advertiser, decided in 2000 to get closer to local
markets. Coca-Cola’s CEO Douglas Daft was quoted as saying: “We kept standardizing our practices, while local sensitivity had become absolutely essential to success” (Daft 2000).