REPOSITIONING: Marketing in an Era of Competition, Change and Crisis

More about the book

This essential guide builds on the foundational concepts of positioning in marketing. In a landscape where competition is intense and consumers are more discerning, adapting is crucial for success. Global marketing expert Jack Trout updates effective positioning strategies to equip businesses for today’s crowded marketplace. The book addresses the “3 Cs” of business: Competition, Change, and Crisis. To beat the competition, it emphasizes the importance of differentiating your product and enhancing its value. Adapting to change involves leveraging the latest technologies and communication methods to engage consumers effectively. Managing crises is also vital, as companies face challenges like profit losses and negative publicity. Even thriving businesses can benefit from these insights to maintain their edge. Readers will learn that expanding product lines can sometimes reduce overall sales, new brands may outperform established ones, and cutting prices often backfires. The book highlights the risks of direct competition and underscores the importance of emphasizing value. Trout draws on recent research, consumer data, and current business trends to uncover the psychological factors influencing today’s market. Understanding consumer mindsets is key to success, making repositioning a critical strategy for regaining and maintaining market leadership.