Marketing Strategy and Competitive Positioning pdf ebook
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hooley graham et al marketing strategy and competitive posit
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: from ‘Property portals hand control to homeowners’, Financial Times, 22/08/14 (Allen, K.). Discussion questions 1 How can ‘customer service’ be a differentiator in the service industry? 2 How can a company such as easyProperty ensure ‘e-service quality’? 3 Do you agree with Ed Mead when he said ‘the internet provides many things, a personal service is not one of them’? Explain your reasons. 4 The information in this case dates from 2014, when online real estate was in its infancy. Explore the current state of the market in the UK. Who continues to be successful of the companies mentioned? Why, in your view? How has the industry evolved? PART 5 IMPLEMENTING THE STRATEGY Part 5 examines a number of the most topical and relevant issues emerging in marketing practice, which have a profound influence on a company’s decisions about marketing strategy and competitive positioning. These topics are linked by a focus on the chal- lenges of implementing or executing marketing strategies. We feature here two areas not extensively covered in traditional approaches to market- ing strategy: the management of strategic customer relationships through sales and account management processes (Chapter 14), and the topical question of corporate social responsibility and ethical standards and their links to competitive positioning and advantage (Chapter 17). The logic for these additional points of focus is that these are topics proving of substantial and growing significance to the shaping and implementa- tion of marketing strategy, particularly in the post-recession environment we now face. In the earlier parts of the text, we have provided extensive coverage of the analytical and theoretical underpinning of marketing strategy: planning market-led strategy; analysis of the competitive marketplace and organisational capabilities; and market segmenta- tion and competitive positioning. However, the focus now changes from the content of strategy to the context – the organisational and environmental realities in which market- ing strategy must be put into effect. Nonetheless, the conventional dichotomising of strategy and implementation is largely unproductive. Both issues are interdependent parts of the same process of strategic development and market performance. It is also intriguing that in each area of strategy context that we examine, there are both chal- lenges and obstacles for executives to meet, but also importantly new opportunities to compete more effectively and develop new types of competitive advantage. Chapter 14 is concerned with strategic customer management. The focus here is the strategic role of the sales organisation and the development of strategic account man- agement approaches to handle relationships with large, powerful, dominant business- to-business customers. We examine the role of strategic sales capabilities in managing business-to-business customer relationships and the evolution of the strategic sales organisation to enhance and apply these new types of capabilities. Strategic cus- tomer management is concerned both with the strategic management of investment of resources in different parts of the customer portfolio, but relatedly also with the management of relationships with strategic customers. Very large (or more strictly, very important) customers provide the domain of strategic account management – moving from transactional and relationship marketing approaches to major accounts, toward the partnering with a small number of key accounts. This strategy has potential gains in locking-in relationships with the most dominant customers in the portfolio, but also carries substantial risks from dependence and customer opportunism, which should be carefully weighed. Nonetheless, strategic account management approaches are highly topical, and a balanced case should be established prior to making decisions and commitments. Our concern with key external dependencies continues in Chapter 15, which examines the role of alli- ances and networks in marketing strategy as the organisational forms developed by many organisations to take their strategies to market. Environment change and complexity has heralded for many organisa- tions an era of strategic collaboration. We examine the drivers of collaboration strategies and the types of networks, alliances and partnerships that result. Our emphasis is in the emergence in many sectors of alliances as the way in which we compete, but we also underline the risks in strategic alliances. Com- peting through strategic alliances offers many potential benefits, but requires attention to the underlying rationale and priorities for collaboration and investment of effort in managing and appraising alliances, which pose quite different challenges to conventional organisational structures. Chapter 16 turns explicit attention to strategy implementation and internal marketing, where our focus is more on key internal dependencies than external ones. We review the sources of the continuing imple- mentation or execution challenges in marketing, and examine internal marketing as a set of tools, or a template, for structuring and managing the implementation process. The development and scope of internal marketing has been associated with enhancing service quality, improving internal communica- tions, innovation management and internal markets, but our focus is on strategic internal marketing as a parallel to external marketing, which focuses on the organisational and behavioural changes required to effectively implement strategy. A particularly vital purpose of strategic internal marketing is achieving cross-functional collaboration and seamlessness in delivering value to customers. The last chapter in Part 5 – Chapter 17 – focuses on the rapidly emerging area of corporate social responsibility and ethics, and its impact on the ways organisations must adapt to new societal demands, but also how it is creating new areas to consider in developing different kinds of competitive strength. Corpor ate social responsibility and ethical issues are linked in their relationship with corporate reputation. This chapter is concerned with an important relationship between external and internal dependencies. At one level, attention to corporate social responsibility concerns is mandated by customer pressures, both in consumer and business-to-business markets. However, a fuller consideration of the scope of corporate citizenship suggests that the drivers of social responsibility go much further than moral obli- gation and are linked to the ability of companies to compete effectively. We look at defensive social responsibility initiatives in responding to competitor and customer pressures. However, what emerges is a view of corporate social responsibility as a route to competitive advantage. This view emphasises a strategic perspective on social responsibilities, where a social dimension becomes part of the com- pany’s value proposition to its customers. The goal becomes not altruism for its own importance, but the combination of business and social benefits. It is clear that this challenge will be extremely important to management thinking in the current business environment. ‘Selling is changing fast and in such a way that sales teams have become strategic resources. When corporations strive to become customer focused, salespeople move to the foreground; engineers recede. As companies go to market with increasingly complex bundles of products and services, their representatives cease to be mere order takers (most orders are placed online, anyway) and become relationship managers.’ Thomas Stewart, Harvard Business Review (2006) STRATEGIC CUSTOMER MANAGEMENT AND THE STRATEGIC SALES ORGANISATION Download 6.59 Mb. Do'stlaringiz bilan baham: |
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