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Strategic Market Management (Strategic Market Managment) [Paperback]

David A. Aaker (Author)
4.3 out of 5 stars  See all reviews (12 customer reviews)

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Book Description

March 9, 2007 0470056231 978-0470056233 8
"Unquestionably the most comprehensive treatment available on the subject. I found this book unique in its capacity to benefit executives, planning staff, and students of strategy alike."
-- Robert L. Joss, Dean of the Graduate School of Business, Stanford University


Create successful strategies for today's dynamic business environment
It isn't your Dad's (or Mom's) marketplace any more. Business environments once seemed quite stable and simple. Today, every market can be described as dynamic, and you need to adapt your strategies in order to counter the threats and maximize your opportunities.

The Eighth Edition of Strategic Market Management is designed to give you the strategic management tools you need to meet the challenges created by the dynamic nature of markets. Using a variety of concepts and methods such as strategic questions, portfolio models, and scenario analysis, the book outlines the five competencies that spark successful, ongoing strategizing:

Strategic analysis--With an emphasis on external market analysis, this new edition illustrates a structured approach to understanding the customer, the competitor, and important trends that you can apply to your strategic decision making

Stimulating and managing innovation--Understand different types of innovation and deal with the organizational challenges involved in bringing innovations to market

Managing multiple businesses--Know how to allocate resources towards businesses of the future and away from businesses that lack growth potential

Creating advantage--Take a long-term perspective to develop truly sustainable competitive advantages (SCAs)

Developing growth strategies--Gain the skills to energize, leverage, globalize the business, or create new businesses

Significantly revised, with a wealth of new and updated material, Strategic Market Management, 8th Edition remains the most authoritative guide to creating business strategies that will be relevant and compelling to customers, sustainable even in face of competitive attack, and maximize the assets and competencies of your organization.

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Editorial Reviews

From the Back Cover

“Unquestionably the most comprehensive treatment available on the subject. I found this book unique in its capacity to benefit executives, planning staff, and students of strategy alike.”
–– Robert L. Joss, Dean of the Graduate School of Business, Stanford University

Create successful strategies for today’s dynamic business environment

It isn’t your Dad’s (or Mom’s) marketplace any more. Business environments once seemed quite stable and simple. Today, every market can be described as dynamic, and you need to adapt your strategies in order to counter the threats and maximize your opportunities.

The Eighth Edition of Strategic Market Management is designed to give you the strategic management tools you need to meet the challenges created by the dynamic nature of markets. Using a variety of concepts and methods such as strategic questions, portfolio models, and scenario analysis, the book outlines the five competencies that spark successful, ongoing strategizing:

Strategic analysis—With an emphasis on external market analysis, this new edition illustrates a structured approach to understanding the customer, the competitor, and important trends that you can apply to your strategic decision making

Stimulating and managing innovation—Understand different types of innovation and deal with the organizational challenges involved in bringing innovations to market

Managing multiple businesses—Know how to allocate resources towards businesses of the future and away from businesses that lack growth potential

Creating advantage—Take a long-term perspective to develop truly sustainable competitive advantages (SCAs)

Developing growth strategies—Gain the skills to energize, leverage, globalize the business, or create new businesses

Significantly revised, with a wealth of new and updated material, Strategic Market Management, 8th Edition remains the most authoritative guide to creating business strategies that will be relevant and compelling to customers, sustainable even in face of competitive attack, and maximize the assets and competencies of your organization.

About the Author

David Aaker is professor of Marketing, Emeritus at the Haas School of Business, University of California Berkeley. He is a leading expert on brand strategy and strategic marketing and is the author of over seven books for both the practitioner and the student of marketing.

Product Details

  • Paperback: 336 pages
  • Publisher: Wiley; 8 edition (March 9, 2007)
  • Language: English
  • ISBN-10: 0470056231
  • ISBN-13: 978-0470056233
  • Product Dimensions: 9 x 6.4 x 0.5 inches
  • Shipping Weight: 11.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #328,584 in Books (See Top 100 in Books)

More About the Author

My passion is understanding brands and helping firms build brands and brand portfolios. My first brand book, Managing Brand Equity defined brand equity and set forth its value to a firm and its customers. The second, Building Strong Brands, described the "brand identity" model that many firms use to manage their brands and also introduced the Brand Equity Ten measurement structure. The third, Brand Leadership extended the brand identity model and adding material on brand building programs. The fourth, Brand Portfolio Strategy, introduces models and concepts that allow a firm to sort out the complexities of brand portfolios and the priorities and relationships that define them. The fifth, Spanning Silos presents research showing the problems that product and country silos organizations pose to those who would build brands and create effective marketing and what some firms have done to create cooperation and communication to break down the silo barriers.

My latest book, not counting my autobiography, is Brand Relevance: Making Competitors Irrelevant that shows success in dynamic markets involves creating offerings so innovative that they create new categories or subcategories making competitors irrelevant.

I am a part of Prophet, a global brand and marketing consulting company that is on the forefront of branding issues, professor emeritus of the Haas School at UC Berkeley, and an advisor to Denstu. I also blog on Aaker on Brands (http://www.davidaaker.com). I live in Orinda, California near my three daughters and seven grandchildren and try to do a lot of biking and just enough golfing.


There follows the formal career summary.


David A. Aaker is the Vice-Chairman of Prophet Brand Strategy, Professor Emeritus of Marketing Strategy at the Haas School of Business, UC Berkeley and an advisor to Dentsu Inc. The winner of three career awards for contributions to the science of marketing (the Paul D. Converse Award), marketing strategy (the Vijay Mahajan Award) and the theory and practice of marketing (the Buck Weaver Award), he has published over 100 articles and 14 books including Strategic Market Management, Managing Brand Equity, Building Strong Brands, Brand Leadership (co-authored with Erich Joachimsthaler) Brand Portfolio Strategy, From Fargo to the World of Brands, Spanning Silos and his latest book, Brand Relevance: Making Competitors Irrelevant. His books have been translated into eighteen languages with sales well over one million. Named as one of the top five most important marketing/business gurus in 2007, Professor Aaker has won awards for the best article in the California Management Review and (twice) in the Journal of Marketing. A recognized authority on brand equity and brand strategy, he has been an active consultant and speaker throughout the world and is on the Board of Directors of the Food Bank of Contra Costa and Solano Counties.


Customer Reviews

Most Helpful Customer Reviews
16 of 18 people found the following review helpful
By A Customer
Format:Paperback
I used this book when I took a strategic marketing class in my MBA program. The author of this book did an excellent job in explaining strategic marketing concepts in a simple but practical way. The main strength of this book is it is very well-organized and easy to follow. The author also used many real-world samples to explain and support marketing concepts presented in the text. I recommend that any business student who has to take business policy class use this book as his or her reference.
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6 of 6 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
This book is divided into 2 parts. Part I of the book (chapter 2 to 6) covers strategic analysis, with emphasis on customer, competitor, market, environmental and internal analysis. Part II (chapter 7 to 15) covers the development and implementation of strategy.

For part I which covers both internal and external analysis, the 4P's of the marketing mix (product, price, place, promotion), this book merely scrimps through the concepts. Instead I will recommend the book "Marketing" by Roger A. Kerin, et al, which provides more comprehensive approaches. However, the book "Marketing" does not dwell on strategic management and this is where the strength of this book comes in.

Part II provides insight into creation of sustainable competitive advantages and synergy, creation and leveraging of brand equity, approaches to handle strategic uncertainty in making strategic decisions, growth strategies and implementation strategies. There are multiple growth strategies available, such as energizing existing businesses, leveraging, creating new businesses and globalizing businesses. By identifying and constructing a company's business portfolio, such as classification of products or brands into cash cows, stars, dogs and problematic child according to the BCG growth-share matrix, the appropriate brand portfolio strategy can be employed, such as exiting, milking, divesting or expansion strategies. It further elaborates on the needs to prioritize and trim the brand portfolio, offering guidelines on the strategic brand consolidation process.

In this digital era, I am surprised by the numerous grammar/typo errors found in this book and thereby implying a slack proof-reading process. However, since the main focus is on the quality of the contents, I found this book being able to offer an insight into the strategic aspects of management.
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11 of 13 people found the following review helpful
By A Customer
Format:Paperback
I was first exposed to Aakers Strategic Market Management during a marketing strategy course at National University of Singapore. I really appriciated the disposition of the books. It is relatively thin, not many words are useless (which is uncommmon in the case of marketing text books).

Later, still a student, I got the opportunity to develop a marketing strategy for a smaller firm. During this time Aakers book was of the outmost value, being used for reference throughout the analysis. Highly recommendable.

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Most Recent Customer Reviews
Great compact book!
This book is not about the 4Ps of marketing. It's a compact book about market management strategies. Read more
Published 20 months ago by Ngoc Le
Few problems
I never recieved my package. There was no tracking number so we can't find it. They never sent a message saying it was sent, nor was there a follow up. Read more
Published on February 14, 2010 by H. Miller
Market Management
Very analytical, more useful for a business owner trying to promote growth. Extremely important material in promoting growth a sustainable competitive advantage in a business or... Read more
Published on December 24, 2008 by Ob
The BEST!!! Marketing Book ever!!!!!!
I used this book in my strategic class for MBA, this is the single best book I've ever read in marketing; the professor of this class is not top-notch, but the book he recommended... Read more
Published on October 28, 2007 by Sun Meng
Leveraging Secondary Brand Knowledge to Build Brand Equity
In my opinion the most clever chapter in the book discusses how brand equity can be built through secondary brand associations.
Published on May 15, 2007 by Russell Rockefeller
Strategic Market Management - 5th Ed - Aaker
The 5th edition is, in my view, disorganised, unnecessarily complicated and seems to have been hurriedly finished. Read more
Published on February 18, 2004
Exceptional book!
This book was part of the required reading for my MBA program at UCI and so far it is the best strategic marketing text I have read. Prof. Read more
Published on July 21, 2003 by Ivan Batanov
Excellent
As an ex-student who used this book as the guideline for my capstone Marketing unit, I have found the book to be an excellent reference throughout my career in Strategy Development... Read more
Published on January 13, 1998
Excellent book, a must for any marketing bookself
This is an execellent marketing reference book. Aaker provides a valuable toolkit, for anyone preparing a business plan.
Published on December 13, 1997
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First Sentence:
In the 1930s, Sears and Montgomery Ward were approximately equal in sales, profits, capability, and potential. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
competitive strength grid, strategic market management, milking strategy, functional area strategies, profitable survivor, early market leaders, sustainable cost advantage, strategic opportunism, entrepreneurial thrust, shareholder value analysis, strategic uncertainties, hostile markets, customer motivations, external analysis, strategic uncertainty, formal planning system, unrelated diversification, strategic drift, annual planning cycle, service backup, preemptive move, strategic groups
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Harvard Business Review, New York, United States, Business Week, General Motors, The Free Press, Kenichi Ohmae, Journal of Business Strategy, General Foods, California Management Review, Philip Morris, Texas Instruments, Adweek's Marketing Week, Maxwell House, Quaker Oats, Dean Witter, General Electric, General Mills, Harvard Business School Press, Jack Welch, Levi Strauss, Managing Brand Equity, Michael Porter, Theodore Levitt, United Kingdom
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