Competitive Marketing
In this age of declining customer loyalty, some areas that a marketing manager needs to focus can be put as follows:- · Marketing needs to lead in substantial or transformational innovation that will result in new offerings that will define new categories or subcategories · Marketing should own customer insights as driver of strategy which should enable growth initiatives and be the basis for strategic resource allocation · Value proposition needs to be the centerpiece of business strategy · Marketing should own brand strategy which should both inform and enable the business strategy · Marketing needs to get control of the product, country, and functional silos to foster cooperation and communication rather than competition and isolation · ...