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.