Difference between revisions of "Rules of engagement"
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| − | + | In [[Marketing Strategy and Organization: Building Sustainable Business|Marketing Strategy and Organization: Building Sustainable Business]] the following players in the marketing arena play a role: | |
| + | * Who is the targeted customer (for whom) | ||
| + | ** Marketing is a battle of perceptions. Customer think in terms of brands and symbols. Thus companies must position themselves in dimensions that are '''Communicable''' to the target customers. | ||
| + | ** The strategy must further be '''relevant''' to these customers. | ||
| + | ** The quest for a 'mental monopoly' goes along the following lines: | ||
| + | *** It is better to be first than it is to be better (law of leadership) | ||
| + | *** If you cannot be first in a category then set up a category you can be first in (law of category) | ||
| + | *** It is better to be first in the mind than to be first in the market place (law of the mind) | ||
| + | * Who are the competitors (against whom) | ||
| + | ** The strategy must be '''distinguish''' itself on key customer benefits as perceived by the customer. | ||
| + | ** The strategy must be '''sustainable'''; the quest for sustainability goes along these lines: | ||
| + | *** 'God is always on the side of the big battalions'. Everything else being equal - size does matter | ||
| + | *** 'The defensive form of warfare is stronger than the offensive' | ||
| + | * Who is the initiating company (by whom) | ||
| + | ** A competitive strategy must, of course, be '''feasible''' | ||
| + | ** A competitive strategy lastly must be '''credible'''. A company cannot completely act against their brand's main values. | ||
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| + | <html><img src = "/static/files/MBI/Module%2011/rulesofengagement.png" width="500"/></html> | ||
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[[Category:marketing]] | [[Category:marketing]] | ||
Latest revision as of 19:50, 27 August 2020
In Marketing Strategy and Organization: Building Sustainable Business the following players in the marketing arena play a role:
- Who is the targeted customer (for whom)
- Marketing is a battle of perceptions. Customer think in terms of brands and symbols. Thus companies must position themselves in dimensions that are Communicable to the target customers.
- The strategy must further be relevant to these customers.
- The quest for a 'mental monopoly' goes along the following lines:
- It is better to be first than it is to be better (law of leadership)
- If you cannot be first in a category then set up a category you can be first in (law of category)
- It is better to be first in the mind than to be first in the market place (law of the mind)
- Who are the competitors (against whom)
- The strategy must be distinguish itself on key customer benefits as perceived by the customer.
- The strategy must be sustainable; the quest for sustainability goes along these lines:
- 'God is always on the side of the big battalions'. Everything else being equal - size does matter
- 'The defensive form of warfare is stronger than the offensive'
- Who is the initiating company (by whom)
- A competitive strategy must, of course, be feasible
- A competitive strategy lastly must be credible. A company cannot completely act against their brand's main values.