Brand Loyalty Management - the new marketing basic
Larry Light argues that marketers must focus on creating and reinforcing brand loyalty to build enduring profitable growth
Larry Light
Once upon a time category growth was dramatic. At some point in the past, the mass marketing concept of undifferentiated, unsegmented mass markets was useful. Marketing did not focus on profit; it focused on growing sales and share. It was felt that increasing penetration was the key to success. Then, the mass-market view was appropriate. However, yesterday's marketing models are now simply inadequate to address today's more complex challenges.
The old view...