22 Immutable Laws of Marketing (SG)

+3

No comments posted yet

Comments

Slide 18

Name the #1 business email server...Exchange...although many would say Outlook, but it is a client and not a server.Name the #2 business email server...Notes would be namedName the #3 business email server...most readers of my blog will say GroupWise but there are a lot of people who have never heard of GroupWise.

Slide 19

A secret to the Law of the Opposite is that you must study the company above you. And once you study it, you must find the weakness and then exploit that weakness. Another secret to the Law of the Opposite is to not attempt to be like the leader, instead attempt to be different. SouthWest Airlines is a perfect example. Everyone reading this blog has flown them at least once. Before 9/11, SouthWest’s strategy was determined by what the Airline Industry Leaders did.If they served meals and had first class seating, then SW didn’t serve any meals and didn’t have any first class seating...they were the opposite and they pushed that difference, making a perceived weakness into a strength.

Slide 23

This is why marketing effort is so difficult to track. A dollar on advertising spent today usually results in a sale next year.

Slide 24

The debilitating nature of Line Extensions is that in the short term they seem like a good idea. It boosts your strong brand by putting it in front of new customers.The darker side is that it dilutes the meaning of your brand and what your brand stands for. It confuses your customers in the long run about why customers should buy your product. It actually weakens your strong brand and confuses the new brand that it has been placed on.

Slide 27

WHAT DO COWBOYS SMOKE? Philip Morris should know a "more is less" problem when they see one. The same thing happened to their flagship brand, Marlboro. In an effort to maintain growth, Marlboro introduced Marlboro Lights into Marlboro Country. Then they introduced Marlboro Mediums, then Marlboro Menthol, and even Marlboro Ultra-Lights. Suddenly, for the first time in memory the brand started to turn down. It's obvious what the problem was about: Real cowboys don't smoke menthols and ultra-lights. Philip Morris isn't stupid. They are back in Marlboro Country with the red-and-white package. There's not a menthol or medium in sight.

Slide 28

Crest owned the attribute of fighting cavities. This meant other products competing in the space needed to find a different attribute to own that wasn’t similar to cavities.Close-Up went with Freshens Breath.Another good example is UPS and FedEx.FedEx owns the word “speed” as well as “overnight”. UPS, to compete, must own an attribute that is the opposite of ‘speed’ and ‘overnight’.The exact opposite would be “slow” and “Takes a week”, not exactly good attributes to hold in the customer’s mind. Instead, look at the implied attribute that FedEx inherits with owning the position of ‘speed’ and ‘overnight’.

Slide 30

This might be a little hard to grasp. Oftentimes we all believe that a good mix of different marketing strategies will get us the results we want. A little advertising here, a couple of webinars there, each executed well will win the day. Nope, not according to this law.Each of your competitors is doing the same thing. A little here a little there. If you are bigger than they are you are probably giving them the opportunity to match your efforts, just a little smaller in size, which means that you really aren't gaining much of an advantage. An example they give is the two strong moves that were made against General Motors. The Japanese came at the low end with small cars like Toyota, Datsun and Honda. The Germans came at the high end with super premium cars like Mercedes and BMW Victoria's Secret was started in San Francisco, California, in 1977 by Stanford Graduate School of Business alumnus Roy Raymond,[3] who felt embarrassed trying to purchase lingerie for his wife in a department store environment. He opened the first store at Stanford Shopping Center, and quickly followed it with a mail-order catalog and three other stores.[3] The stores were meant to create a comfortable environment for men, with wood-paneled walls, Victorian details and helpful sales staff. Instead of racks of bras and panties in every size, there were single styles, paired together and mounted on the wall in frames. Men could browse for styles for women and sales staff would help estimate the appropriate size, pulling from inventory in the back. In 1982, after five years of operations, Roy Raymond sold the company to The Limited.

Slide 31

This might be a little hard to grasp. Oftentimes we all believe that a good mix of different marketing strategies will get us the results we want. A little advertising here, a couple of webinars there, each executed well will win the day. Nope, not according to this law.Each of your competitors is doing the same thing. A little here a little there. If you are bigger than they are you are probably giving them the opportunity to match your efforts, just a little smaller in size, which means that you really aren't gaining much of an advantage. An example they give is the two strong moves that were made against General Motors. The Japanese came at the low end with small cars like Toyota, Datsun and Honda. The Germans came at the high end with super premium cars like Mercedes and BMW

Slide 33

Amazon and dell are great innovators of change

Slide 1

LAWS of MARKETING 22immutable Asia

Slide 2

The 22 Laws should be used as a 'diagnostic check' of a company's market plan for a given product or service; it is probably a useful exercise to cross-check your own plans against the 'laws‘, if only to ensure that all possible perspectives and issues have been considered. The second use is a reminder of the importance of the perception of your service or product in the mind of your customer (and the consequent need to undertake qualitative research such as focus groups and depth interviews to better understand and define this perception).

Slide 3

It’s better to be first, than it is to be better

Slide 4

Who is the market leader in ‘essence of chicken’? Source: Reader's Digest Gold Consumer Survey

Slide 6

If you can’t be first in a category. Set up a new category to be first in.

Slide 7

Traditional Categories

Slide 8

If better to be first In the mind, than to be first in the marketplace

Slide 9

Marketing is not a battle of products. It’s a battle of perception.

Slide 12

The most powerful concept in marketing is owning a WORD.

Slide 13

= Safety = Fast Food = ???

Slide 14

It’s not just owning ‘words’

Slide 15

Two companies cannot own the same word in the prospects mind.

Slide 16

The strategy to use depends of which rung of the ladder your on.

Slide 18

In the end, every market becomes a two horse race.

Slide 19

If you’re shooting for 2nd place, then your strategy is determined by the leader.

Slide 20

Over time, a category will divide into two or more categories.

Slide 22

Other Laws still apply

Slide 23

Marketing effects takes place over a long period of time.

Slide 24

There is pressure to extend the equity of the brand.

Slide 26

The Top Ten Best Selling Sodas of 2007 1. Coke Classic 17.2% 2. Pepsi Cola 10.7% 3. Diet Coke 10% 4. Mountain Dew 6.6.% 5. Diet Pepsi 6% 6. Dr. Pepper 5.9% 7. Sprite 5.6% 8. Fanta 1.8% 9. Diet Mountain Dew 1.6% 10. Diet Dr. Pepper 1.6%

Slide 27

You have to give up something in order to gain something.

Slide 28

For every attribute, there is an opposite effective attribute.

Slide 29

When you admit a negative, the prospect gives you a positive.

Slide 30

In each situation, only one move will produce a significant results.

Slide 33

Unless you an write your competitors plans, you can’t predict the future.

Slide 34

Success often leads to arrogance, and arrogance leads to failure.

Slide 35

Failure is to be expected and accepted.

Slide 36

The situation is often the opposite than the way it appears.

Slide 37

Successful programs are not built of fads, they’re built on trends.

Slide 38

Without adequate funding, an idea wont get off the ground.

Summary: 22 Immutable Laws of Marketing (SG) are course notes from this topic - images are accompanied by delivery, hence some context maight be missing unless you've attended the course

Tags: powerpoint course marketing singapore asia

URL:
More by this User
Most Viewed