| | Manage for Profit, Not for Share by Simon-Kucher & Partners consultants gets at the heart of a tense and highly charged issue for managers the world over: how to strike the right balance between profit and market share.
How do companies in mature markets – where savings from cost-cutting have been | |
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| | exhausted and breakthrough innovations are hard to come by – achieve sustainable increases in profits? For decades, managers have been told the answer lies in pursuing high market share. But Hermann Simon, Frank F. Bilstein, and Frank Luby argue that this misguided advice has destroyed, rather than | |
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| | created, an additional profit potential.
In the book, the authors contend that companies can extract a profit potential of 1% - 3% of revenue by pursuing a profit, rather than a market share, orientation. The authors lay out a practical, proven programme for making significantly more money | |
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| | by reconfiguring the marketing mix to sell existing products and services in different ways. The book offers practical strategies managers can use to differentiate mature products, raise prices effectively, time promotional activities properly, better understand consumer preferences, and more.
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A convincing counter-argument to the reigning market share dogma, this book outlines the new mind-set and tools managers will need to bring their companies closer to peak profit performance.
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