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10 Deadly Marketing Sins May 2004 Is your company committing a deadly marketing sin? According to marketing guru
Addressing the first "deadly sin" -- an insufficient market focus -- Kotler writes that many companies incorrectly identify their market as "everyone" or make as vague a statement as "women between ages 20 and 50." Instead, a company should customize its customer by identifying different market segments and preparing offerings for each chosen segment. In addition, the company should identify the more important segments, assign managers to them, and award those managers accordingly. Another major error by companies is to assume only the marketing and sales departments serve the customer. Kotler says every employee -- perhaps through a companywide training program -- should understand his or her connection to the customer. "To change an ingrained culture to put customers at the center of the company universe would take strong and determined new leadership," writes Kotler. In addition to sponsoring a companywide training program, he suggests the company:
Save 20% when you buy Ten Deadly Marketing Sins: Signs and Solutions through SmartPros Marketplace. Click here to save. PHILIP KOTLER is the S.C. Johnson Distinguished Professor of International Marketing at Northwestern University's Kellogg School of Management and the author of 30 books, including Marketing Insights from A to Z and Lateral Marketing. 2004 SmartPros Ltd. All rights reserved. |
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