A look at the brands and marketplace leaders that have dominated the local as well as Global marketplaces over the past few decades shows us some striking facts. You will find that at one level, most Companies have emerged and grown at a very fast pace of a few years and have disappeared at the same pace too. At another level, you will find Organisations that have existed, grown, become global market leaders and brand leaders as well as continue to grow over decades. Companies like GE, IBM, Xerox, Nike, Wal-Mart, Home Depot, Mc Donald’s, Samsung, Apple etc are those global leaders that have continued to grow, change and re-invent themselves every few years keeping pace with the changes in the world as well as the markets.
Ask the Management experts and they will tell you that the two major factors namely the Organizational Culture as well as the Marketing Strategy play the most important role in attaining these Organization the global brand leaders. Marketing experts are able to identify and explain those crucial aspects of marketing strategy and marketing vision that drives these companies to build world class products and service delivery.
Best product alone is not enough. Dr Rajeev Gupta Marketing experts believe that the secret of brand leadership lies in the value proposition that the brand offers to the customers .
What do we mean by value proposition of a brand? Value proposition is the total package of product design, quality, performance insure, ease of use as well as the service guarantee and the price proposition that the Organizations offers with the particular product. Value proposition involves meeting with customer expectations and experience that may not be easily identifiable.
To create and deliver the niche value proposition, the Organization needs to be equipped with the right operating model, systems and processes, the right management style, structure and business culture as well as the right business model that can enables the Organization to deliver its promise to the markets.
Beyond espousing the business operating model best suited to deliver the choose value proposition, the Organization also chooses to embrace certain level of excellence in operations that enables it to consistently deliver its promises.
A look at the brand and the Organizational philosophy of excellence that drives its value proposition builds for a good analyze. Companies like IBM, GE& Xerox have always maintained their focus on building product invention in terms of technological excellence and backed it up with performance and service guaranty. You will see that when it comes to the customer perception about the proved brand, you will see that the customers take the product quality and performance for awarded. When clients opt for Nike, Sony, Apple or Levis, Phillips or other world brands, they never stop to question their faith in the brand for they know that they can take the product quality and performance insure for granted.
Focusing on house this kind of leadership and excellence in the market calls for sustained, focused and schemed endeavour on the part of the Organization, combined with well planned marketing strategy. This is not a onetime endeavour, but the Organizations continually keep reviewing and re-aligning their strategy as well as the operations considering the changes in the market, technology as well as all other conditions that affect the business.