Trusted brand names and more resources Large customer bases More knowledge and experience Good relationships with suppliers Can offer customers more options
With customerization, the customer designs the market offering and the company makes it.
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Marketing Strategy in the Digital Age
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Requires a new model for marketing strategy and practice. Some suggest that all buying and selling will eventually be done electronically. Companies need to retain old skills and practices but add new competencies.
Reasons for Failures
• • • Poor research or planning. Relied on spin and hype instead of marketing strategies. Spent too heavily on brand identities. Devoted too much effort to acquiring new customers instead of building loyalty.
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