Average Reviews:
(More customer reviews)Heard the taped version of THE MYTH OF MARKET SHARE by
Richard Miniter, which presents an interesting concept that says that
being the biggest player in a market doesn't mean that you will make the
most profits . . . in fact, the opposite is often true; i.e., the
bottom line is that size does NOT automatically lead to profits.
According to Miniter, there are three types of companies in every line of
business: the profit leaders, which make the most money; the market
leaders, which have the largest share of the market; and everyone else.
And the goal, at least as it seems to me, should be to become the
profit leader. Such a company doesn't go in for the dangerous
discounts that sap the strength of its brands in pursuing market share.
It avoids foolish mergers for the sake of size. And it focuses on the
customer, rather than on the competition.
The above might seem easier said than done, but real-life examples
(Mobil, Roche Diagnostics, Dell, etc.) so how this can be accomplished.
As a result, I liked the book and would recommend it, if just for the
conclusion which drives home this key marketing point:
In contrast, companies that are profit leaders can usually survive and
gain a larger share of the market--as long as they continue to focus
on giving the customers precisely what they want, at a profit.
Click Here to see more reviews about: The Myth of Market Share: Why Market Share Is the Fool's Gold of Business (Crown Business Briefings)
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