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Long-term strategies have been replaced by ones that adapt and change as opportunities are identified.

“Launch and forget” brands today, such as Marboro, are rare. They have been replaced by visual identities and advertising styles that change rapidly. To succeed over the long-term managements must succeed in the short-term time after time.

Dan Herman, citing observations from Copernicus Marketing Consulting, argues brands are becoming like commodities. Consumers can no longer differentiate them from sugar, corn or cement. They are created by marketers who employ the same data, the same focus groups and data analysis. The marketers have become indistinguishable.

In this new environment, Herman observes:

1. Porter, Kotler, Aaker and Ries and their rules are obsolete.
2. Marketers need to understand nature’s rules. They need to be able to devise alternatives paths to the same goals.
3. Theoretical concepts are tools for thinking about reality. They are not reality itself.

If you are a seasoned marketer, this book is different from another you have read. Herman’s fresh thinking about competitive advantage, marketing, customer segmentation, differentiation and branding will challenge your thinking. It is worth every penny of its cover price.

Penned by the Pointed Pundit
February 10, 2008
15:52:40
… (meer)
 
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PointedPundit | Mar 23, 2008 |

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Werken
1
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