Reading: Developing Marketing Strategies and a Marketing Plan
Sustainable
Competitive Advantage
Customer
Excellence
•Retaining
loyal customers
•Customer
Service
Operational
Excellence
Operational Excellence is the execution of the business strategy more consistently and reliably than the competition. Operational Excellence is evidenced by results. Given two companies with the same strategy, the Operationally Excellent company will have lower operational risk, lower operating costs, and increased revenues relative to its competitors, creating value for customers and shareholders.
Product
Excellence
Having products with high perceived value
and effective branding and positioning
•Product
leadership as a competitive strategy aims to build a culture that continuously
brings superior products to market. Here product leaders achieve premium market
prices thanks to the experience they create for their customers.
•The
corporate disciplines they cultivate include:
•Research
portfolio management
•Teamwork
•Product
management
•Marketing
•Talent
management
•Product
leaders recognize that excellence in creativity, problem solving and teamwork
is critical to their success.
Locational
Excellence
Locational Excellence is a method of achieving excellence by having a strong physical location and or internet presence.
The
Marketing Plan
Last modified: Tuesday, August 14, 2018, 8:32 AM