Monday, December 7, 2009

Challenger marketing strategies

Challengers are companies that are successfully developing and striving to increase their market share.

The main type of challenger strategy is the offensive strategy.

Challengers can attack:

Market leader.
A similar challenger company.
Smaller company.

Challenger marketing strategies are of the following types:

frontal attack (when the challenger attacks the leader in all his positions),
flank offensive (concentration of efforts on the weaknesses of a competitor),
bypass offensive (this strategy is designed for the long term; its variation is the strategy of the "guerrilla" offensive).

These strategies are achieved through the introduction of certain competitive advantages, which are mainly related to:

price,
quality,
price/quality,
using a wide range of products
best service,
reduction in production costs.

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