Rethink Marketing

Newsletter
Marketing Insights

 

Winter 2008, Vol. 08, Issue 2
 
INTERVIEW
An Interview with Rosemary Remacle:
Is Technology Changing the Face of
Startup Marketing?

We continue our series on marketing evolution with a conversation with Rosemary Remacle, principal of Market Focus and past venture partner at Sevin Rosen Funds. Join us to learn what has changed and surprisingly, what still remains the same when it comes to marketing at startups and early stage companies.
Read more...


ARTICLE
Is B2B Marketing Becoming Obsolete?

A recent online discussion on Forrester Research reviewed trends in the B2B segment and how they will impact and change the marketing function as a whole. Will commodization, consumerism, ad avoidance, globalization, and peer influence make marketing irrelevant? Read more...

RECENT
EXECUTIVE
INTERVIEWS

How Marketing is Evolving: An Interview with Dr. Steve Perkins

Anatomy of a Hospital Brand: Transforming Medical City Dallas

Visualizing Product Design: A Conversation with Ignition


RECENT
ARTICLES


Is B2B Marketing Becoming Obsolete?

Identifying the Real Causes of Marketing Problems

Services Marketing: Four Factors that Affect Your Customers

REVIEW
Recommended Reading

The Five Most Important Questions You Will Ever Ask of Your Organization
by Peter Drucker with Jim Collins, Philip Kotler, James Kouzes, Judith Rodin, V Kasturi Rangan, and Frances Hesselbein
2008 Josey-Bass

This short book takes the five questions originally posed to non-profits by management guru Peter Drucker, and marries it with essays from today’s thought management leadership, and marketing leaders to produce a simple-yet-forceful exercise for all organizations.

What is our mission? It should be based on the purpose, competencies and commitment of the organization. Jim Collins suggests that while the core of the mission remains unchanged and guides its people, it must give the organization room to constantly stimulate improvement and innovation.
Who is our customer? It helps us understand our target and supporting customers and how they will change over time. Philip Kotler stresses the need to develop intimate relationships with only these target customers and please them deeply.
What does the customer value? Organizations often believe that they know what their customers value and often neglect the customer perspectives of value received. Jim Kouzes urges organizations to listen intently to customers and challenge the ‘business as usual’ philosophy to create exceptional value for its customers.  
What are our results? Results define the organization’s measures short term accomplishments as well as long term change. Judith Rodin further advises that if results are the goal, they must also be the test, and hence allow for midcourse corrections.
What is our plan? A plan translates the mission and goals into near-term objectives, action steps and budgets. Kasturi Rangan advocates building in continual monitoring, feedback and learning elements for effective plans and improved strategy. 

Why we like it: While seemingly simple, these questions challenge leaders to take a hard look at their organizations and uncover core-level answers for long-term success. Marketing plays a critical role of providing valuable insights on the marketplace, target customers and buying process to help create products and services that customers truly value.

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QUOTE
Customer Satisfaction vs. Customer Loyalty

“Customer satisfaction and loyalty are related but different. Customers are satisfied when their needs and expectations are met. Customers are loyal when they buy again, and have a strong commitment based on rational and emotional ties. While satisfaction is necessary, it is not sufficient for true loyalty. A loyal customer is created by eliminating causes of dissatisfaction and then delighting customers by exceeding expectations for relationship-building factors that matter. “

    — Ken Powaga, American Marketing Association

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ReThink Marketing is a strategic marketing consulting group to B2B technology and professional
services companies. We focus on market research, strategy formation, and plan development services,
providing market knowledge that enables business success. For more information, contact us at info@rethinkmarketing.com.