Difference between revisions of "Rules of engagement"

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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:
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* Who is the targeted customer (for whom)
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** 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.
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** The strategy must further be '''relevant''' to these customers.
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** The quest for a 'mental monopoly' goes along the following lines:
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*** It is better to be first than it is to be better (law of leadership)
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*** If you cannot be first in a category then set up a category you can be first in (law of category)
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*** It is better to be first in the mind than to be first in the market place (law of the mind)
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* Who are the competitors (against whom)
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** The strategy must be '''distinguish''' itself on key customer benefits as perceived by the customer.
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** The strategy must be '''sustainable''';  the quest for sustainability goes along these lines:
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*** 'God is always on the side of the big battalions'. Everything else being equal - size does matter
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*** 'The defensive form of warfare is stronger than the offensive'
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* Who is the initiating company (by whom)
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** A competitive strategy must, of course, be '''feasible'''
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** 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.