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The Market Driven Organization: Understanding, Attracting, and Keeping Valuable Customers [Hardcover]

George S Day (Author)
4.3 out of 5 stars  See all reviews (3 customer reviews)


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Book Description

November 10, 1999
For forty years managers have been exhorted to "stay close to the customer and ahead of the competition." And with good reason Research now shows that market driven organizations outperform their rivals. Given the obvious benefits, why do so many companies fail to become market driven? Because their internal processes, structures, incentives, and controls get in the way, says George Day, one of the world's leading authorities on mar keting Strategy. Building on his pathbreaking book "Market Driven Strategy" and a decade of experience in coaching firms to deliver superior customer value, Day presents for the first time a battle tested hame work for creating the market-driven organization.

In eminently readable prose, Day argues that in successful market driven organizations, three key elements -- capabilities, culture, and configuration -- are aligned to the market. Day explores the distinctive market sensing and market relating capabilities that are at the heart of the market-driven companies. He draws on examples of such market-driven firms as Intuit, Wal-Mart, Virgin Airlines, Disney, and Gillette to illustrate how intimate knowledge of their customers and markets gives these firms a powerful advantage over rivals. By contrast, Day shows how failure to align the organization to the market can result in such mishaps as IBM's loss of leadership of the computer market or Motorola's stumble in shifting from analog to digital cellular phone systems.

Using case studies of Owens Corning, Sears, and the Eurotunnel, Day provides a concise roadmap to managers who want to strengthen the orientation of their organizations to the market. He concludes with a detailed diagnostic questionnaire tohelp managers assess their own progress Here at last are all the insights and tools necessary to construct a company with superior skills for understanding, attracting, and keeping valuable customers.


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Editorial Reviews

From Library Journal

Following up on his Market Driven Strategy: Processes for Creating Value, Day's new book provides practical advice on communicating with customers, outdistancing competitors, and at the same time remaining responsive to both. He applies his experience in consulting, research, and teaching to the topic of continual communication with customers and suppliers to insure a reliable customer base. Divided into three sectionsA"Understanding Market Orientation," "Building the Capabilities," and "Aligning the Organization to the Market"Athe text is rich in examples that show how a company can become and remain market driven. Chapter notes provide references to further reading. Recommended for all business libraries and marketing professionals as well as larger public and university libraries that support business interests.ALittleton M. Maxwell, Business Information Ctr., Univ. of Richmond, VA
Copyright 1999 Reed Business Information, Inc.

Review

Charles M. Lillis Chairman and Ceo, MediaOne Group A must read for CEOs, COOs, and major business unit leaders. It is a concise yet thorough articulation of what constitutes truly superior market knowledge and how that knowledge must form the basis of competitive strategy. A remarkable book written for business leaders. -- Review

Product Details

  • Hardcover: 304 pages
  • Publisher: Free Press; 1 edition (November 10, 1999)
  • Language: English
  • ISBN-10: 0684864673
  • ISBN-13: 978-0684864679
  • Product Dimensions: 9.6 x 6.4 x 1.1 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #1,169,836 in Books (See Top 100 in Books)

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Average Customer Review
4.3 out of 5 stars (3 customer reviews)
 
 
 
 
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16 of 22 people found the following review helpful:
5.0 out of 5 stars An easy-to-read book on the value of being market-driven, November 4, 1999
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This review is from: The Market Driven Organization: Understanding, Attracting, and Keeping Valuable Customers (Hardcover)
Too often, executives think that "being market-driven" is just a catch-phrase; this book explains the difference between being market-driven and being technology-, sales-, or finance-driven. It describes why market-driven organizations are more profitable, using clear examples of successful companies. It's a must-read for senior executives.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars Highly Recommended!, October 30, 2001
This review is from: The Market Driven Organization: Understanding, Attracting, and Keeping Valuable Customers (Hardcover)
Expanding on the groundbreaking concepts first presented in Market Driven Strategy, George S. Day presents a detailed illustration of what a market-driven organization looks like and how it operates. This practical book provides many specific suggestions that executives can implement to get their companies in tune with their customers and their markets. Day also presents contrasting examples that show blunders, setbacks and outright failures among companies that stubbornly retain inward-looking cultures. This book joins Day's earlier work as a classic in the management field and we [...] recommend both books to business people at all levels.
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3.0 out of 5 stars A good starter, now in need of update, March 4, 2009
By 
David R. Macdonald "Dr M" (Boston, MA United States) - See all my reviews
(REAL NAME)   
This review is from: The Market Driven Organization: Understanding, Attracting, and Keeping Valuable Customers (Hardcover)
A good coverage of what it means to be market focused. Does a decent deep dive on some topics. A great many books have now followed, making this coverage somewhat dated.
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Inside This Book (learn more)
First Sentence:
First Direct was the world's leading telephone-only bank, and the fastest growing bank in Britain during the 1990s. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
capabilities for market sensing, transaction mentality, delivering superior customer value, boxed insert, shared knowledge base, scenario thinking, distinctive capabilities
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Owens Corning, First Direct, General Electric, Astra Merck, United States, Virgin Atlantic, American Airlines, General Motors, Home Depot, American Express, Big Three, British Airways, Dominant Values, Federal Express, Information Processing Style, Johnson Controls, Leader Style, Richard Branson, Strategic Emphasis, Arthur Martinez, English Channel, Sam Walton
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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