Targeting changing consumer behaviour in a downturn
Ananda Roy G2 Limited - A WPP company
When consumer spending softens, often businesses rush to employ the usual recession playbook:
- A scramble to retain share-points
- An over-riding desire to match the competition on product and propositions
- Emphasis on price and volume promotions, cutting back prices and eventually marketing spend.
But reducing strategic horizons in this way is dangerous. It can dilute brand positioning, squeeze the bottom-line, allow new emerging segments to go unserved, offer new entrants and substitutes...