Gurus On Marketing
Gurus On Marketing
Gurus On Marketing
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
A differentiation strategy<br />
This strategy would involve an organisation in providing something<br />
unique to its target customers. The uniqueness can be related to products,<br />
the way it delivers its goods and services, the way it markets<br />
its products or anything that shapes a customer’s perception in relation<br />
to differentiation. This could be the way products and services<br />
are branded or designed and the customers perceive such offerings<br />
as unique.<br />
Focus strategy<br />
This strategy involves an organisation being selective in terms of the<br />
segments it wants to serve and focusing on these segments to the<br />
exclusion of other segments. The focus strategy can either be cost<br />
focus or differentiation focus.<br />
If an organisation does not choose generic strategies it wants to focus<br />
on then as Porter puts it, it will be ‘stuck in the middle’.<br />
The extent to which a generic strategy can be sustainable will depend<br />
on competitors’ behaviour and action. The organisation constantly<br />
has to be a step ahead of its competitors.<br />
Generic strategies and marketing<br />
Generic strategies affect the following elements of marketing:<br />
• Costs and Pricing.<br />
• Product design.<br />
• <strong>Marketing</strong> mix.<br />
• Channels of distribution.<br />
• Promotion.<br />
• Segmentation.<br />
• Branding.<br />
FOUR MICHAEL PORTER 67