Making of Market Leaders – An Introduction
Present times are exciting for the rules of business in every sphere are being rewritten. Technology and advancement in all fields of knowledge along with globalization, internet and communication revolution has changed the way we live, work as well as do business.
Businesses are no longer what they used to be. Every sphere of business from R& D, Product and Service offering, production as well as marketing and Management styles have changed. Technology has become a major enabler for Companies to conduct their operations and business.
As a management student, if you scan the Companies and Organizations that are Global Companies that are have existed and are continuing to grow for the past few decades, you will naturally wonder as to what has made these Companies such global business giants.
Companies like Xerox, GE, IBM, HP, Sony, Nike, Samsung, Toshiba etc are global brands that you will find in every country and every market .
These global brands have successfully dominated the markets and maintained their leadership and built unbelievable brand allegiance despite severe and intense competitor and shorter product life cycles.
From a management view it is very interesting to understand what made these organizations so successful both as organization as well as brand leaders. Management experts talk about organizational culture, values, vision and leadership as the contributing factors that drive and grow these organizations. While this view is quite true, attaining of brand leader has got to do with more than these Management and Organizational value system. What is it that dedicates these Company the cutting edge ?. What is it that attains these Organisations continue to maintain and grow their leadership in the face of challenges from competitors and technology and other factors that change the consumer behavior and needs ?. How do these Organizations manage to keep abreast in the Markets ?. Answering these questions leads us to understand that these Organisations have adopted the right marketing discipline besides embracing the Organizational culture and values to drive the business.
The global market leaders or brand leaders stand apart from the rest through value differentiation that they deliver to their customers . Such Organizations continually strive to achieve excellence in their chosen product or service and ensure that they are ahead of the Customer expectations all the time. This is possible only when the Organization or the management embraces a clear cut marketing strategy and strives to build excellence in the choose market delivery system.
What is it that makes people lifelong customers of Apple or IBM and not move away to other products that are economical ?. What induces IKEA and Wall Mart, the world’s best places for customers to store despite several other companies offering similar scope of products ?. What does Mc Donald do that makes people all over the world flock to their outlets all the time ?.
These companies have chosen to identify and follow select situate of marketing rules and concentrated on offering continually unique value proposition and made a niche for themselves in the market. Find the right value proposition that is unique and continuing to strive towards preserving excellence in its value proposition as well as ensuring that it is able to foresee the emerging trends in the environment as well as being sensitive to the customer and being able to anticipate their needs and using all of these variables to augment the value delivery proposition calls for Marketing strategy and Discipline that sets these Companies apart from the rest.
Study of organizations from the marketing strategy and leadership perspective attains for very interesting and useful analyse for all management students.