What are the different ways in which marketing can be used to give Organisations a competitive edge?
Program OverviewIn today's highly competitive business environment, marketing is everyone's business. No matter your work experience, if your role increasingly involves marketing responsibilities, you need a solid understanding of its core concepts, methods, and strategic perspectives. Show
Strategic Marketing for Competitive Advantage is based on Wharton’s popular MBA marketing management program, and unlike executive education programs offered elsewhere, it is taught by MBA faculty. Without distracting you with trends, they distill the latest in marketing research, thinking, tools, and techniques into five intense days. You will come away with a strong knowledge of the data-driven, fact-based science of marketing and know what it takes to understand customers. Strategic Marketing for Competitive Advantage will show executives how to become more customer-centric, says Academic Director Jagmohan Raju. Program ExperienceHighlights and Key OutcomesIn Strategic Marketing for Competitive Advantage, you will:
Experience & ImpactAcademic Director Jagmohan Raju on becoming more customer-centric. In Strategic Marketing for Competitive Advantage, Wharton’s top marketing faculty — who represent a wide range of research areas and expertise — will give you a clear understanding of core marketing concepts. These concepts will help you better align with your customers, differentiate yourself from your competitors, and create a strong and effective marketing plan. You will join a learning community of participants from a variety of industries, geographies, and functional areas. The program uses quantitative and qualitative methodologies, case studies, lectures, and hands-on exercises that allow you to interact with faculty and peers throughout the week. You will gain the knowledge and skills that drive better decision making and build a common vocabulary to help you communicate those decisions effectively across the organization. Session topics include:
Convince Your SupervisorHere’s a justification letter you can edit and send to your supervisor to help you make the case for attending this Wharton program. Due to our application review period, applications submitted after 12:00 p.m. ET on Friday for programs beginning the following Monday may not be processed in time to grant admission. Applicants will be contacted by a member of our Client Relations Team to discuss options for future programs and dates. Who Should AttendProfessor Jagmohan Raju talks about who should attend this program. Executives from across your organization will benefit from this program, particularly non-marketers who have been given increased responsibility for marketing and planning and need to learn how to evaluate the performance of their marketing functions. Also, managers in any area involved in the development and management of new products will benefit, including those from divisions such as engineering, operations, research and development, finance, accounting, sales, and public relations. Fluency in English, written and spoken, is required for participation in Wharton Executive Education programs unless otherwise indicated. Participant ProfileParticipants by Industry Participants by Job Function Participants by Region Group EnrollmentTo further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group enrollment benefits to companies sending four or more participants. FacultyJagmohan Raju, PhDSee Faculty Bio Academic Director Joseph J. Aresty Professor; Executive Director, Wharton Co-Sponsorship of Indian School of Business; Professor of Marketing, The Wharton School Research Interests: Competitive strategy, pricing, retailing Ron Berman, PhDSee Faculty Bio Assistant Professor of Marketing, The Wharton School Research Interests: Online marketing, entrepreneurship, marketing analytics, search engine marketing, game theory, industrial organization Eric Bradlow, PhDSee Faculty Bio The K. P. Chao Professor; Professor of Marketing; Vice Dean of Analytics at Wharton; Chairperson, Wharton Marketing Department, The Wharton School; Professor of Economics; Professor of Education; Professor of Statistics, University of Pennsylvania Research Interests: Marketing research methods, missing-data problems, psychometrics George Day, PhDSee Faculty Bio Geoffrey T. Boisi Professor Emeritus, The Wharton School Research Interests: Competitive strategies in global markets, strategic planning processes Barbara Kahn, PhDSee Faculty Bio Patty and Jay H. Baker Professor; Professor of Marketing, The Wharton School Research Interests: Brand loyalty, consumer choice, customer-relationship management David Reibstein, PhDSee Faculty Bio William Stewart Woodside Professor; Professor of Marketing, The Wharton School Research Interests: Brand equity, marketing metrics, competitive marketing strategies, product line strategy Z. John Zhang, PhDSee Faculty Bio Tsai Wan-Tsai Professor; Professor of Marketing; Director, Penn Wharton China Center Research Interests: Channel and retail management, pricing strategies Testimonials
Valerie Vashio Business Unit Lead-Project Management, Biologics Consulting
Matthew Owenby Chief Human Resources Officer, Aflac, Inc.
Greg Thompson Director, Enterprise IT, EnPro Industries
Amar Pandit, CFA, CFP Founder, Happyness Factory
Eric Sabato Western Regional Sales Manager, Carber Holdings Inc.
Alan Kelly Director of Commercial Development, Bimeda Inc.
Vijay Ramachandran Senior Manager, Reliance Industries, Ltd.
Christopher Valiante Creative Director and CEO, Bloke NYC
Mark Hayes Project Manager, Aetna
Keith Ensinger Development Manager, Decorative Coatings & Adhesives
Kim Seaman Marketing & Communications Coordinator, Seaman Corporation Still considering your options? View programs within Marketing or: Find a new programWhat are the five main ways to gain a competitive edge?Here are 5 strategies you can implement to gain a competitive edge in your industry:. Cost Leadership. Being a cost leader means your business has the objective of creating more value for customers by having lower prices. ... . Differentiation Leadership. ... . Cost Focus. ... . Differentiation Focus. ... . Analysing Competitors.. How can marketing strategy help a business get an edge over their competitors?Charge More. While many businesses think of slashing their prices to stand out, there's value in going the other direction. ... . Become an Online Influencer. ... . Speak at Events in Your Industry. ... . Create Your Own Data. ... . Niche Down. ... . Leverage New Technology. ... . Delight Your Customers. ... . Invest in Deeper Customer Relationships.. What are some marketing strategies to achieve competitive advantage?Highlights and Key Outcomes
Develop a thorough understanding of customers and what motivates buying behavior. Position new products and services and evaluate the effectiveness of current positioning strategies. Understand the value of your brands and how to build, develop, and leverage that value.
How marketing contributes to competitiveness of an Organisation?The marketing planning process helps narrow the target customers to those most likely to buy. This allows the company to use its finite marketing resources to reach out to these prime customer targets and not waste resources attempting to sell to customers who don't view the product as something they urgently need.
|