Professional Documents
Culture Documents
Corporation
Corporation
Customer
Customer Collaborators
Collaborators
Market
Market
2) How can we define relevant market space ?
Space
Space
Potential
Potential 3) What are the potential opportunities emerging
Opportunities
Opportunities From the market space ?
Business
Business 4) What business capabilities and infrastructure required ?
Investment
Investment
Corporation
Corporation
Customer
Customer Collaborators
Collaborators
Value
Value Cognitive
Cognitive Competency
Competency Resource
Resource
Exploration
Exploration Space
Space space
space space
space
Value Customer
Customer Business
Business Business
Business
Value Value Domain partners
Creation
Creation Value Domain partners
Value
Value
Delivery
Delivery
CRM
CRM ERP
ERP SCM
SCM
Value
Value Cognitive
Cognitive Competency
Competency Resource
Resource
Exploration
Exploration Space
Space space
space space
space
Market Business
Offering Architecture
Value Customer
Customer Business
Business Business
Business
Value Value Domain partners
Creation
Creation Value Domain partners
Marketing Operational
Activities System
Value
Value
Delivery
Delivery
CRM
CRM ERP
ERP SCM
SCM
Corporate and
Business Strategies
Marketing Operational
Activities System
Profitability and
Shareholder Value
The case of Cereal Bars
into STREETS
=
Cereal varieties
The case of Barbie
To
feel =
as...
Doll varieties
Other Examples of Lateral Marketing
Kinder Surprise = candy + toy.
Seven Eleven = food + depot.
Actimel = yogurt + bacteria protection.
Gas station stores = gas station + food.
Cyber cafes = cafeteria + Internet.
“Be the godfather of a kid” = Donation + adoption.
Huggies Pull-ups = diapers + 3 year olds.
Walkman = audio + portable
Insurance = Banks + Travel
Source: Philip Kotler and Fernando Trias de Bes, Lateral Marketing: A New Approach
to Finding Product, Market and Marketing Mix Ideas (Wiley, 2004)
TEN DEADLY MARKETING SINS
The firm isn’t sufficiently market-focused and
customer-driven
The firm doesn’t understand its target customers
The firm doesn’t monitor its competitors
The firm mismanages its relationship with
stakeholders
The firm isn’t good at finding new opportunities
The firm marketing planning process is deficient
The firm’s product and service policies need
tightening
The firm’s brand-building and communications
efforts are weak
The firm isn’t well organized to carry out marketing
The firm has not made maximum use of technology