When you take the
long view in
→
marketing
, you find the battle usually winds up as a titanic
struggle between two major players – usually the
old reliable brand and the
upstart.
→
Sustainable
Competitive Advantage
Knowing that
marketing is a two-horse race in the long run can help
you plan strategy in the short run.
Early on, in a developing market, sales are
increasing, and there are many
→
competitors. New, relatively unsophisticated
customers are coming into the market. These customers don't always know
which brands are the
→
Leaders
, so they pick ones that look interesting and
attractive.
→
Emotional
Marketing
→
Buzz
Marketing
→
Sell
Benefits
As time goes on, however, these customers get educated – they
recognize the leading
brands
and assume that their products must be the best.
→
Customer Value Creation:
Yin-Yang Strategies