Strategic Marketing for Competitive Advantage

One of the most valuable insights from taking Strategic Marketing for Competitive Advantage was learning how to price a product or service offer. The group exercises were very engaging and entertaining. We had one exercise where we were in an oil company and had to decide how to price our barrels in a country where there were a lot of competing parties. That was really challenging. It was also fun since I’m a very competitive person.”

Like a lot of companies, we weren’t very strategic about looking how beneficial marketing is to our company and to our bottom line. The pricing discussion, the analytical part, and the case studies were all hugely beneficial. The one line I will remember from the week was a one percent price improvement creates operating improvement of 11.15%. We’re taking a real hard look at pricing for next year. We manufacture high-quality products, so we can command some small premium for that without losing all of our business.

Also, we did not have a specific marketing manager, so I’ve decided to hire someone for that role. My CEO went on this course a year ago and encouraged me to attend. I would certainly encourage whoever I hire as a marketing manager to take the course. I think everyone in the class came away with something beneficial from the week – to challenge themselves to think differently about some part of their business.”

I found  the course to be well packaged and one that gave me new and enriching insights into the various facets of marketing. The course content addressed the evolving scenario and  challenges in the industry that has prevailed over the years on a global perspective. It was a refresher course as it helped me build on the concepts that I learnt while doing my MBA. This course truly helps a manager with the necessary tools and wherewithal that will equip him to face the challenges in today’s dynamic, innovative, and competitive marketplace.”