Posts Tagged ‘competition’
Friday, December 16th, 2022
It’s not unusual, when I’m meeting with a new prospect or making a presentation related to marketing and the issue of competitors comes up, for someone to say: “We don’t really have any competitors.”
My response: “Well, actually you do.”
Even the latest and greatest brand new technological innovation that nobody has ever seen before will have to think about competitors. Here’s why. (more…)
Tags: analyzing the competition, competition, competitive matrix, competitors, direct competitors, indirect competitors
Posted in Competition, Marketing and Branding | No Comments »
Tuesday, July 5th, 2022

“Fast follower” is a term used in marketing circles to refer to a company that moves quickly to do what its competitors are doing, or to do what one specific, extremely innovative competitor is doing. But I’ve never really liked the idea of
(more…)
Tags: beat the competition, competition, director competitors, follow the competition, indirect competitors
Posted in Business Development, Competition, Marketing and Branding | No Comments »
Tuesday, June 28th, 2022
Identifying the key benefits that answer the question of WIIFM (“What’s in it for me?”) for your customers and prospects, the first step in writing compelling copy. The second is positioning what you have to offer relative to what your competition has to offer.
In considering your competition you need to (more…)
Tags: analyzing the competition, beating the competition, competition, Customer Communication, direct competition, indirect competition
Posted in Competition, Content Marketing, Marketing and Branding | No Comments »
Tuesday, August 10th, 2021

Not many people remember a product called Zima, and that’s the point of this post. As a marketing professional, I’ve always been interested in new product introductions and advertising campaigns in general— how well do they work? how long do they “run” (suggesting that the positive effects are continuing to produce results or, if nothing else, that the agency and client haven’t “pulled the plug” prematurely).
In addition, as someone who is not a “beer drinker,” I was interested several years ago when a new product was introduced—Zima—a beer-based beverage that was supposed to be light and refreshing. Hmm. Sounded interesting. The campaign was extensive, attention-getting, and effective—to a degree. It raised awareness. It generated preference (at least initially). All was good. Right? Wrong. (more…)
Tags: Advertising, beating the competition, competition, effective advertising, ineffective advertising, marketing strategy, product quality, service quality
Posted in Competition, Marketing and Branding | No Comments »
Tuesday, February 26th, 2019

by Justin Grensing, Esq., MBA
Tesla, the electronic vehicle (EV) company headed by high-profile billionaire Elon Musk, is a fascinating organization in many ways. The media has recently been excited about the company’s back-to-back quarterly profits. Despite the company operating in the red for so long, observers love to root for the revolutionary company. It’s also interesting to look at Tesla from a business strategy standpoint. For example, Tesla is widely recognized for the way it generates intense customer loyalty. (more…)
Tags: beating the competition, competition, competitive advantage, Marketing, marketing mix, Porter's Five Forces, Tesla
Posted in Competition, Marketing and Branding | No Comments »
Wednesday, August 8th, 2018
In a highly publicized conference call, first reported by Forbes, Papa John’s founder John Schnatter used the “N-word” during a discussion between Papa John’s executives and marketing agency Laundry Service. What followed was weeks of turmoil where Schnatter first stepped down as chairman of the Papa John’s board of directors, then said his decision to step down was a mistake, and then filed a lawsuit against the company he founded for what he describes as the “heavy-handed” way he was treated. The company’s stock has (more…)
Tags: brand, Brand Management, competition, competitive opportunities, crisis management, Domino's, media relations, Papa John's. Pizza Hut, pr, publicity
Posted in Marketing and Branding, Media Relations/PR, PR and Media Relations | No Comments »
Tuesday, December 19th, 2017
When facing competitors, there’s an old saying that goes, “If you can’t beat ‘em, join ‘em.” In other words, if you aren’t able to overcome your rivals, you’re better off cooperating with them or joining their side in the hopes that you’ll gain some sort of advantage. In the business world, a better saying might be, “If you can’t beat ‘em, copy ‘em.” (more…)
Tags: competition, competitive intelligence, competitive positioning, competitors, copying competitors
Posted in Competition, Marketing and Branding | No Comments »
Thursday, June 1st, 2017
Whether you’re a startup looking to break into an existing market, or an existing business looking to branch into a new product or service line, it can be intimidating to survey the competitive environment and find yourself potentially face-to-face with behemoth multinational corporations and Fortune 500 companies. While a mega-competitor could, theoretically, direct its massive resources into forcing out an upstart competitor, there are some ways to compete by exploiting the advantages small can have over large. (more…)
Tags: business agility, coming with large companies, competition, finding a niche, Innovation, small firm advantage, the personal touch
Posted in Business Development, Competition | No Comments »
Thursday, April 20th, 2017
Any business school graduate has probably had a healthy dose of Michael Porter’s Five Forces, and for good reason. The framework is a great way to look at the competitive landscape. Porter’s framework is designed to look at the competitiveness of a particular industry, as opposed to companies within that industry. For example, you might use the framework to determine the attractiveness of starting a soft drink company, as opposed to investing in PepsiCo versus The Coca-Cola Company. We’ve provided a broad overview of the tool in the past, but we’ve recently been taking time to look at each individual force in greater detail. Today, we’re diving deeper in the threat of new entrants. (more…)
Tags: competition, disruptive innovation, Porter's Five Forces, Strategy, threat of new entrants
Posted in Marketing and Branding | No Comments »