When it comes to new products and services, what moves customers to buy? Why do they choose one product over another? What makes them bank on a companyas future? These are the billion-dollar questions facing all companies competing in highly connected marketsaand todayas answers will determine tomorrowas market leaders. In this book, marketing and communications experts Ron Ricci and John Volkmann argue that the unique features of digital productsaand of consumer goods that contain digital componentsaforce customers to consider the viability of the company behind the solution to their problems. Picking a losing company could mean getting stuck with products that canat be upgraded or services that canat be extended. So customers buy from the company that they believe will be the long-termaindeed, the inevitableawinner. They buy from the company that has what the authors call momentum. More than sheer motion, momentum is mass, speed, and direction, combined in a value proposition so compelling that all constituents in a given marketplace believe itaand want to go with it. Ricci and Volkmann provide a practical formulaaborrowed from the world of physics and proven in the marketplaceafor how companies build and sustain momentum. Drawing upon their intensive study of 20, 000 consumer and corporate buyers, the authors also reveal the six forces of digital differentiation that characterize inevitable market winners in the customeras mind. Ricci and Volkmann introduce a momentum index that will enable senior management, product marketers, and marketing communication strategists to: - Measure a brandas momentum against that of its competitors Diagnose a companyas strengths and weaknesses as a market contender - Develop an action plan for sustaining or strengthening a competitive position - Apply momentum strategies to the digital features of traditional offerings For anyone responsible for managing or communicating about a company and its brands, this book shows how companies can ride momentum to industry dominance. Ron Ricci is Vice President of Marketing for Cisco Systems. John Volkmann is Vice President of Strategic Communications at Advanced Micro Devices.Ricci and Volkmann introduce a momentum index that will enable senior management, product marketers, and marketing communication strategists to: - Measure a brandas momentum against that of its competitors Diagnose a companyas strengths ...
|Author||:||Ron Ricci, John Volkmann|
|Publisher||:||Harvard Business Press - 2003|