Synopses & Reviews
More often than not, the reason for the success of a new venture isn't technology-it's marketing. Marketing plays a crucial role not only in developing, producing, and selling products or services but also in guiding recruiting efforts and raising capital. And yet, far too many ventures are begun without careful pre-venture marketing-which can prove to be a costly and often fatal mistake.
Combining the wisdom of successful entrepreneurs with Wharton business expertise, Entrepreneurial Marketing provides entrepreneurs with the marketing concepts, methods, tactics, and strategies that can reduce the failure rate of new ventures by as much as sixty percent. This is the first book to combine sophisticated marketing approaches-such as Web-based segmentation and positioning-with practical guidance on how to apply them in entrepreneurial situations.
The authors reveal how to identify and build successful business opportunities-including many in e-commerce-while taking into consideration the constraints of typical entrepreneurial firms, such as limited finances and manpower. Their experience with dozens of companies, as well as the results of their recent survey of Inc. 500 companies conducted with Inc. magazine (detailed here for the first time), lets them offer new insights into the types of marketing programs and distribution channels used in diverse business settings.
You'll discover how adopting entrepreneurial marketing thinking will help you:
- Answer the crucial "What am I selling to whom?" question through positioning and segmentation
- Select, develop, and evaluate new products and services and set pricing to maximize profitability
- Make the most efficient use of P.R. and publicity in launches and initial rollouts
- Manage sales reps effectively and improve productivity
- Tackle advertising decisions in tested, "non-traditional" ways
- Hire and keep the best people
- Raise the funds you need to succeed
The authors also include guerrilla techniques for viral and promotional marketing and creative, leveraged approaches to gaining visibility and name recognition on the Web. You'll see how to make connections with customers, suppliers, investors, and even stakeholders, as well as learn proven ways to build a strong brand.
The book adeptly addresses the key challenges of the new millennium-such as globalization, corporate consolidation, and new governmental regulation-that you must consider when designing your marketing strategy.
Featuring real-world company examples, Entrepreneurial Marketing gives your entire business a sound core proposition to build on and shows you how to make the best use of your time, money, and effort in growing your business.
Synopsis
The first and only guide to a subject of vital interest to every entrepreneur
Written by an author team that brings together the expertise of two leading Wharton academics and an entrepreneurial superstar, Entrepreneurial Marketing arms entrepreneurs with cutting-edge marketing approaches-including the latest Web-based segmentation and positioning techniques-that will provide their new ventures with solid foundations on which to build, grow, and thrive.
- The first book devoted exclusively to marketing strategies for new entrepreneurial ventures
- Covers cutting-edge strategies for finding, exploiting, and even creating powerful niche marketing opportunities for new ventures on the Internet
Synopsis
Exploit the powerful marketing/segmentation opportunities for new venturesMarketing is of critical importance to the success of any entrepreneurial venture—and this book gives you the marketing methods, tools, and tactics necessary for successfully building and launching your new business opportunity, especially for e-commerce. Entrepreneurial Marketing combines entrepreneurial expertise with Wharton School business know-how to provide sophisticated marketing approaches that can dramatically reduce the failure rate of new ventures.
"If you're unconvinced that marketing makes or breaks entrepreneurial ventures, you'll change your mind after reading this book. The Internet, global distribution, and consolidation all create new challenges and opportunities for today's entrepreneurs. The authors offer sound advice and the same kind of solid direction you would pay hundreds of thousands of dollars to buy from a consulting firm. I've used many of these techniques, with Len Lodish's help, to grow our business from 5% of the market to over 50%."
—Ralph Guild, Chairman and CEO, Interep
Synopsis
Exploit the powerful marketing/segmentation opportunities for new ventures
Marketing is of critical importance to the success of any entrepreneurial ventureand this book gives you the marketing methods, tools, and tactics necessary for successfully building and launching your new business opportunity, especially for e-commerce. Entrepreneurial Marketing combines entrepreneurial expertise with Wharton School business know-how to provide sophisticated marketing approaches that can dramatically reduce the failure rate of new ventures.
"If you're unconvinced that marketing makes or breaks entrepreneurial ventures, you'll change your mind after reading this book. The Internet, global distribution, and consolidation all create new challenges and opportunities for today's entrepreneurs. The authors offer sound advice and the same kind of solid direction you would pay hundreds of thousands of dollars to buy from a consulting firm. I've used many of these techniques, with Len Lodish's help, to grow our business from 5% of the market to over 50%."
Ralph Guild, Chairman and CEO, Interep
Description
Includes bibliographical references (p. 261-263) and index.
About the Author
LEONARD LODISH, PhD, is the Samuel R. Harrell Professor of Marketing in the Marketing Department at Wharton. He is also cofounder and Chair of Wharton's Global Consulting Practicum and the innovator of Wharton's MBA Entrepreneurial Marketing course.
HOWARD LEE MORGAN is Vice Chairman of idealab!, the pioneering Internet incubator, and President and founder of the Arca Group, Inc., a consulting and venture capital investment firm.
AMY KALLIANPUR is Assistant Professor of Marketing at the Eli Broad Business School of Michigan State University.
Table of Contents
Preface.
Acknowledgments.
Positioning, Targeting, and Segmentation.
Selecting, Developing, and Evaluating New Products and Services.
Entrepreneurial Pricing Decisions.
Public Relations and Publicity.
Entrepreneurial Distribution Channel Decisions.
Product/Service Rollout.
Entrepreneurial Sales Management.
Promotion and Viral Marketing.
Entrepreneurial Advertising Decisions.
Hiring Is A Marketing Problem.
Marketing and Raising Capital.
Building Strong Brands and Strong Entrepreneurial Companies.
Summary and Conclusions.
Appendix A: A Segmentation Audit.
Appendix B: Summary of Survey and Findings.
Notes.
Index.