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Lateral Marketing New Techniques for Finding Breakthrough Ideas

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ISBN-10: 0471455164

ISBN-13: 9780471455165

Edition: 2003

Authors: Philip Kotler, Fernando Trias De Bes

List price: $43.00
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Description:

A revolutionary new system for generating the next big marketing ideas and opportunities According to Philip Kotler, the widely acknowledged "father" of modern marketing, and Fernando Trias de Bes the marketing techniques pioneered in the 1960s and '70s have worked too well. Fierce competition among products with little or nothing to distinguish one from another, along with modern product positioning and targeted marketing techniques, have led to increasing market segmentation. If the trend continues, individual market segments soon will be too small to be profitable. In Lateral Marketing, Kotler and Trias de Bes unveil a revolutionary new model to help readers expand beyond vertical…    
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Book details

List price: $43.00
Copyright year: 2003
Publisher: John Wiley & Sons, Incorporated
Publication date: 9/8/2003
Binding: Hardcover
Pages: 224
Size: 6.30" wide x 9.39" long x 0.83" tall
Weight: 0.990

Wesley Schultz is Professor of Psychology at California State University, San Marcos. His expertise is in social psychology, environmental psychology, and statistics. His work in these areas has focused particularly on social influence, and effective strategies for promoting conservation behavior. He has published extensively in these areas, with recent books on the Psychology of Sustainable Development (Kluwer, 2002), Attitudes and Opinions (Erlbaum, 2005), and Social Psychology: An Applied Perspective (Prentice-Hall, 2000). Over the past 10 years, he has published more than 40 book chapters and peer-reviewed articles, and given hundreds of professional and invited presentations around the…    

Introduction
The Evolution of Markets and the Dynamics of Competition
In Consumer Packaged Goods, Distribution Concentration Has Increased Greatly
The Number of Competitors Has Been Reduced, but the Number of Brands Has Strongly Increased
Product Life Cycles Have Been Dramatically Shortened
It Is Cheaper to Replace than to Repair
Digital Technology Has Provoked a Revolution in Many Markets
The Number of Trademarks and Patents Is Increasing
The Number of Varieties of a Given Product Has Increased Radically
Markets Are Hyperfragmented
Advertising Saturation Is Reaching Its Highest Levels, and the Fragmentation of Media Is Complicating the Launch of New Products
The Capacity of Obtaining Space in the Mind of the Consumer Has Been Reduced
Conclusion: Markets Are Much More Competitive
Summary
Strengths and Weaknesses of Traditional Marketing Thinking
Needs Identification as the Starting Point
Market Definition
Selecting a Market
Adoption of a Market Category and Subcategory by Marketers
Adopting a Market as Something Fixed Leads to Segmentation
Segmentation and Positioning as Competitive Strategies
Segmentation
Positioning as a Strategy for Generating Competitive Advantages
The Development of the Marketing Mix: The Only Thing That Is Seen
Summary
Innovations Originated from Inside a Given Market: The Most Common Way of Creating Innovations
Innovations Based on Modulation
Innovations Based on Sizing
Packaging-Based Innovations
Design-Based Innovations
Innovations Based on Complements Development
Innovations Based on Effort Reduction
Summary
Innovations Originated Outside of a Given Market: An Alternative Way to Create Innovation
The Case of Cereal Bars
The Case of Kinder Surprise
The Case of 7-Eleven Japan
The Case of Actimel, from Dannon
The Case of Food Stores inside Gas Stations
The Case of the Cyber Cafe Concept
The Case of "Be the Godfather of a Kid"
The Case of "Big Brother" TV Contest
The Case of Huggies Pull-Ups
The Case of Barbie
The Case of Walkman
Summary
The Need for Lateral Marketing to Complement Vertical Marketing
Basis of Vertical versus Lateral Marketing
How Lateral Marketing Works versus Vertical Marketing
Effects That Lateral Marketing Provokes in the Markets versus Vertical Marketing
Source of Volume
Situations Where Each Type of Marketing Is More Appropriate
Responsibility of Creating in the Markets
Summary
Defining the Lateral Marketing Process
Lateral Marketing Definition
Objectives of Lateral Marketing
Logic of Creativity
Similarities between Humor and Creative Thinking
Importance of Understanding the Logic of Creativity
The Three Steps of Lateral Marketing
Choosing a Product or Service
Step 1: Choosing a Focus in the Marketing Process
Step 2: Generating a Marketing Gap
Step 3: Making Connections
Final Outputs of the Lateral Marketing Process
Examples from Chapter 4 under the Lateral Marketing Framework
Lateral Marketing at the Market Level
Change of Dimension as the Most Practical Technique
Dimensions to Be Changed: Concept and Examples
Changing the Need: Trying to Cover Another Utility
Changing the Target: A Person, Persons, or a Group
Changing the Time: Choosing New Moments
Changing the Place: Move Your Product into a New Setting
Changing the Occasion: Link Your Product to an Event
Changing the Activity: Place Products into Experiences
Connecting the Product with the New Dimension
Connections Made without Altering the Product
Connections Made by Altering the Product
A Complete Case: Proposing a New Business Concept
Ancillary Techniques for Displacing the Market Level
Combining the Dimension "Place"
Reordering the Dimension "Time"
Exaggerating the Dimension "Place"
Inverting the Dimension "Need"
Inverting the Dimension "Target"
Eliminating the Dimension "Time"
Lateral Marketing at the Product Level
Philosophy behind Applying Lateral Marketing at the Product Level
Dissection of the Product
Selecting the Entry Doors
Selecting Natural Anchors as Entry Points
Selecting Other Elements as Entry Points
Applying Lateral Displacements: Concept and Examples
Substitution
Combination
Inversion
Elimination
Exaggeration
Reordering
Connecting a Possible Market with the New Product
Finding a Possible Setting
Extracting the Positive Things
Imagining the Purchase Process
The Product May Need to Be Adjusted
A Complete Case: The Double-Decker Car
Lateral Marketing at the Marketing Mix Level
Effects of Lateral Marketing at the Mix Level
Lateral Marketing for Diversifying Our Marketing Mix: "Taking the Mix of Other Products"
Pricing
Distribution
Communication
Lateral Marketing for Finding New Marketing Mix Formulas: The Rest of the Lateral Displacements
Combination
Inversion
Elimination
Exaggeration
Reordering
The Product May Need to Be Adjusted
A Complete Case: Steel Shops
Implementing Lateral Marketing
The Three Systems of an Innovative Company: The Gary Hamel Model
An Idea Market
A Capital Market
A Talent Market
Next Step: Managing the Whole Process
Quick Reminder of the Lateral Marketing Framework
Index