Rules of engagement

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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.