What are the various strategies adopted by the companies in today's world of competition, how they will succeed in long run, what they want to achieve & how can they achieve??
It is all about strategies adopted , Let us learn them out
2. Marketing is war and that the marketing concept's
customer-oriented philosophy is inadequate. Rather,
firms would do better by becoming competitor-
oriented
By Al Ries & Jack Trout
3. If a team simply identifies the goal line and moves the ball
towards it without regard to the competing team, they
most likely will be blocked in their effort. To win the game,
the team must focus its efforts on :
Outwitting
Outflanking
Over-Powering
your opponent
Marketing : A football game
4. This is the case in football, war, and marketing, according
to Marketing Warfare
Because of the importance of the competition faced by
the firm, a good marketing plan should include an
extensive section on competitors.
5. Ries and Trout discuss four strategies for fighting a
marketing war:
Offensive Strategy
Defensive Strategy
Flanking Strategy
Guerrilla Strategy
THE STRATEGIC SQUARE
6. When more than one company in a market offers the same kind of product.
Company that takes extra ordinary efforts to gain more market share
against competition by directly attacking the competitors business plan,
and taking away its market is actually described as the offensive marketing
strategy.
i.e. Harley Davidson :
They managed to comeback by concentrating on the unique features of its products
while pointing out what the competitors product lacked.
Offensive Strategy
8. Precaution is better than cure.
Every time a new product is launched, four to five brands /
firms must prepare to defend their share of the market.
Involve tactics like brand positioning, improvement in brand
features and price, advertising strategies and sales
promotion campaigns
Defensive Strategy
9. This can be considered an offensive marketing warfare strategy.
It’s an attack on an area where the competition has yet to
establish a strong position
Common Product Flanking Maneuvers:
Low Price
High Price
Distribution
Product Form (Innovations)
Flanking Strategy
10. Mercedes-Benz utilized a flank against GM in the 1950s.
They wanted, like GM, to hold onto the luxury market for
automobiles, which at the time was dominated by the
Cadillac brand. By purposely pricing their cars much higher
than the Cadillac, combined with their marketing
campaigns, they were able to present the Mercedez-Benz to
the market as a superior automobile, clearly worth the
premium price.
11. The guerrilla move is relatively small and differs significantly
from the leader's position.
Guerrilla marketing is appropriate for companies that,
relative to the competition, are too small to launch
offensive or flanking moves.
Ries and Trout list the following three principles of guerrilla
marketing warfare:
Identify a segment that is small enough to defend
Be ready to enter or exit on short notice.
Guerrilla Strategy
12. local retailers who win customers with offerings better
tailored to the locale compared to the offerings of national
chains
magazine is an example that targets small business owners
who were not well served by publications such as Business
Week.