Planning prospects for industry followers

Planning prospects for industry followers While the strategic planning process of leaders is well understood, firms in lower market share ranks tend to have a planning process of a follower. Instead of trying to influence their environment, they normally copy the strategies of the industry leader or even serve niches neglected by the leader. Outlines, through numerous examples, the changes followers can make in their competitive profiles to become alternative leaders. The smaller firms may thrive serving a limited demand which would normally be unattractive to the leading firms; the larger company could do well by concentrating on products for market niches that are neglected by the industry leaders. Discusses several implications for small as well as large firms which wish to be followers in their industry. Also examines approaches to attaining long‐term economic viability such as forge linkages, protective factors, geographical parameters, personnel policies, product offerings, customer selection, purchasing, production and marketing. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Marketing Intelligence & Planning Emerald Publishing

Planning prospects for industry followers

Marketing Intelligence & Planning, Volume 15 (3): 7 – Jun 1, 1997

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Publisher
Emerald Publishing
Copyright
Copyright © 1997 MCB UP Ltd. All rights reserved.
ISSN
0263-4503
D.O.I.
10.1108/02634509710165939
Publisher site
See Article on Publisher Site

Abstract

While the strategic planning process of leaders is well understood, firms in lower market share ranks tend to have a planning process of a follower. Instead of trying to influence their environment, they normally copy the strategies of the industry leader or even serve niches neglected by the leader. Outlines, through numerous examples, the changes followers can make in their competitive profiles to become alternative leaders. The smaller firms may thrive serving a limited demand which would normally be unattractive to the leading firms; the larger company could do well by concentrating on products for market niches that are neglected by the industry leaders. Discusses several implications for small as well as large firms which wish to be followers in their industry. Also examines approaches to attaining long‐term economic viability such as forge linkages, protective factors, geographical parameters, personnel policies, product offerings, customer selection, purchasing, production and marketing.

Journal

Marketing Intelligence & PlanningEmerald Publishing

Published: Jun 1, 1997

Keywords: Industry; Market share; Niche marketing; Planning

References

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