MarketAbility's Marketing Briefing
Issue 2/2003
in this issue
 

Measuring Marketing Effectiveness ?

Marketing and CVM in Practice

Where is Customer Value in the Chemicals and Plastics Industry ?

What's new in Marketing and CVM ?

MarketAbility E-cademy

Value Based Marketing for Bottom-Line Success

MarketAbility Wisdom

MarketAbility featured Practitioners

MarketAbility News

 

MarketAbility Polls

To make sure our marketing briefing covers issues of your interest we are launching different polls on our website
where YOU can decide which issue we cover in the next mailer

Visit the Poll-Section...


 

MarketAbility featured Practitioners


Paul Hague


A Yorkshireman on the alternative side of the Pennines but on the right side of his customers

more...


James R.N. Thorne


An islander with a customer-focused mentality and a penchant for strategy


more...

 
The Marketing Centre



Phil Allen's MarketAbility
Seestrasse 103
CH-8820 Wädenswil
0041 1 783 87 77
 
 


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Dear Marketeer

Measuring Marketing Effectiveness ?


How often in your working year are you confronted by the challenge of measuring marketing effectiveness? How difficult is it for you to find meaningful and concrete measures to convince your management about the impact of your marketing plans and activities?

MarketAbility has developed the Customer Value Management Diagnostic to help marketers measure the effectiveness of their marketing activities and plans, to identify success points to leverage and to identify areas needing improvement or attention.

Read more here...

Marketing and CVM in Practice

Driving home the service ethic

All the talk in the rental car business has focused on the strength of the Hertz brand and the classic tale of how Avis hauled themselves out of the pack of Hertz-followers by positioning themselves as No. 2 in car rentals with the slogan "We try harder". Until recently, that is, when we can now read the latest marketing success in car rentals - that of Enterprise Rent-a-Car. A success story built on a commitment to caring about what customers thought - something that we, at MarketAbility, also believe in most strongly. To read more check out the recent article in "Financial Times", Monday 2 June 2003


Where is Customer Value in the Chemicals and Plastics Industry?

A major new benchmarking study conducted by MarketAbility shows a very poor performance on Customer Value Management by leading companies in the Chemicals and Plastics industry.
"We have benchmarked the top 150 global chemicals and plastics companies against our Customer Value Management (CVM) best practice model", explains MarketAbility CEO, Phil Allen.
"The results are a disgrace. Even the top 10 performers in the industry are way off the mark of best practice on CVM. Small wonder that the industry is not performing and the shares remain unattractive to investors."
MarketAbility's benchmark study identifies the root cause of the problem as being a continued pre-occupation in the industry with products, production and supply-side issues which has precluded any significant attempt to understand customer needs and values.
This translates into a commodity mind-set when offerings are
developed and leads to poor implementation of value-based strategies."

A copy of the full report can be purchased from MarketAbility
for € 725

Purchase the copy...

What's new in Marketing and CVM ?

European Council on Customer Strategy Meeting
Advancing Customer Strategy for Sutainable Growth and Profit

Customer Focus has become a cliché in the past few years, just like many other over-used and (often) misused management buzzwords.

"Customer focus is widely trumpeted, poorly understood and badly implemented" claims Ian Ryder, Vice President, Brand & Communications EMEA at Unisys Limited and newly elected Chairman of the European Council on Customer Strategy. "In today's highly competitive and fast-moving market-place a real commitment to customer focus is essential for sustainable business growth and profitability."

Phil Allen takes up the point...read full article...

If you are interested in joining the European Council on Customer Strategy, please contact olivier.christ@conference-board.org or allan.waller@conference-board.org



Chemical Industry needs Customer Specs

EyeforChem Europe speakers and delegates confirmed this week in Amsterdam that chemicals and plastics producers need to start looking at life and business through their customers' eyes.
"You cannot deliver value to the customer, if you do not first understand what the customer values and what she or he is willing to pay for."
This point was reinforced by a powerful set of papers from e-Epoxy.com (Dow Chemical), Dow Corning, Eastman Chemicals, Roche Vitamins, Xiameter, BASF and Rhodia all of whom shared and showed experiences
and examples from their actual businesses, where a genuine customer focus had brought greater business success.

Read more at www.eyeforchem.com

MarketAbility E-cademy

MarketAbility has launched an internet-based E-cademy. The Marketing and Sales E-cademy offers a comprehensive range of learning programmes for all levels of marketers and busy business managers and executives.
Learning takes place from your home or office location or wherever you are - provided you have a decent internet connection. You choose your times. You choose the speed and pace of learning to suit your needs.


Read more...


Value-Based Marketing for Bottom-Line Success

The value-based marketing approach described in this book reflects a reality for any business manager or leader at any level in the organization; the real game is delivering superior, meaningful value to target customers. Our value commitment to you is that Value-Based Marketing for Bottom-Line Success will both change the way you look at customers and your business and give you the knowledge and tools to really make a difference to your performance.

A few comments to the book:

"Any marketing book capable of generating real discomfort and inspiration in equal quantities (like this one does) has to be a "must-read". A "hands-on", practical guide to help you improve your business and delight your customers."
- Paul J. Snaith, Vice President, Marketing, Shell Gas (LPG)

"A refreshing change from the usual literature on marketing. The authors address the challenges of creating and sustaining value through an innovative, practical, and pragmatic "blue-print". A must read for any corporate executive frustrated as to how to translate theory into practice that delivers value."
- Omar M. Shamma, Chief Executive, Al Gurg Fosroc LLC, a division of BP Plc

"Many businesses today have no idea what value they bring to the customer, they simply sell products that customers need. This book challenges you not only to understand the value but to turn it into a competitive weapon."
- Henry S. Proctor, Business Vice President, Organic Intermediates, Solvents, and Monomers, The Dow Chemical Company

"This book is packed with all the right tools for business success. They asked all the right questions needed to turn value creation into bottom-line results. I found myself taking notes on almost every page!"
- Fred M. Daniell, Marketing Director, TICONA

Every week we will post two names on our website.
If you claim your copy of the book while your name is there - click on the name and your claim is made, we will send you a free copy of the book, or - if you already have the book a free MarketAbility Marketing Wisdoms desktop calendar

Win your personal copy...

MarketAbility Wisdom

Here we are featuring articles written by MarketAbility practitioners
In this issue:


Customer Value and Key Account Management, by Phil Allen, CEO, MarketaAbility

Addressing customer myopia: strategic interactive marketing planning in a volatile business environment, by Terry Kendrick, Information Now Limited


MarketAbility News

MarketAbility Academy Workshops


The Marketing and Sales Academy for Chemicals and Plastics contain a high proportion of practical learning opportunities, following the principle of

Learn - Practice - Apply - Implement

• Learn the concept, model or tool
• See how others have practised it's application successfully
• Apply the concept, model or tool to your own business
• Decide how you can implement it in your business

The Marketing and Sales Academy workshops are designed specifically for new and active marketers, they are led by experts with practical experience.

> A range of workshops designed to meet the needs of those new to marketing, those from a non-marketing background and for more experienced marketers.

>Run by marketing experts with hands-on experience.

>Case studies from the industry and from other relevant markets

>Take-away checklists, computer tools and marketing models

Find out more about our next workshops...



Phil Allen to speak at ECMSA Annual Re-union and 2003 Strategy and Marketing Conference
13th - 15th October 2003

There will be three sessions featuring speakers on

1) Market and Marketing Issues
2) Business Management Issues and
3) Innovation and Organic Growth.

The opening speaker will be Ralf Gronych from CEFIC and BASF who will review the Chemical Industry in Europe and the challenges it now faces in the new post 9/11 order. Farrokh Suntook a member and Head of Business Unit at HI Europe (formerly Total Research) will give us insights into modern segmentation practice with a case history from the chemical and allied industries. Phil Allen from MarketAbility will then develop this theme in terms of case histories on best practice in customer value management and discuss how companies are using this process to optimally serve their targeted business segments.


On the day before the ECMSA Strategy and Marketing Conference (Monday 13th October, 2003) Phil Allen will lead a one-day interactive workshop on "Pricing for Profit" more details here....

Full description...
Timetable...



Key Account Management

MarketAbility is pleased to announce a new and unique series of workshops on the subject of Key Account Management. Look out for more details in our next E-mailer or call us for further details right now.


Give us your opinion about Key Account Management