Should an organization predominantly use its brand as a platform to go to market, or should it center on customers as the unit of focus?
In today’s saturated product markets, where physical
product differences are often marginal and customers expect their myriad desires
and needs to be satisfied, companies need to make a clear choice with respect
to their marketing strategies and tactics in order to make their offerings
distinctive and achieve the required margins. They must decide what aspect they
should stress on when they develop and roll out their marketing strategies,
given that a go-to market approach can focus on very different elements.
In the older days, the focus was solely on the product
itself, with little regard to targeting and positioning. Then it evolved and brand management was the
obvious next step in responding to evolving markets and consumer’s needs particularly
for differentiation and brand identification. And now the scenario has changed
where customer management has become the corporate mantra, with companies
seeking to interact on a one-on-one basis with customers.
In view of this evolution, it is interesting to
observe that while some companies take a predominantly brand management approach
in today’s environment, others have a customer management in dealing with the
market, and a combination of both is used by yet a third group. From an
organizational point of view, the two approaches, brand management and customer
management, require very different capabilities and skill-sets. If an
organization is to make the best use of limited resources, it needs to know
under which conditions it should adopt brand management as its focal
go-to-market approach and when it should not.
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