The 10 deadly sins of marketing

# Deadly sins of marketing

Possible effect / consequence

1

Internal processes, rules and habits are dominant

Company is not market driven or customer oriented

2

Company does not understand their target customers

Company tries to win the wrong customers

3

Information about competition are not systematically collected and presented

Company underestimates competition

4

Company does not manage the relationship to the stake- and shareholders well

Misunderstanding by stake holder and share holder – insecurity, unstableness

5

Company is not successful in identifying new business opportunities

Company remains in existing segments and applications – competition catches up

6

Marketing planning is not done – plan does not fit

Company is very much driven by ad hoc actions and customer specific requirements

7

Product- and services policy is not clear – policy does not fit

Customer satisfaction low, image low, competitive disadvantage

8

Brand marketing and communication not clear and consistent

Brand name not well known/ Image low, competition uses the gap

9

Company does not have a good organized marketing, marketing has low priority

Advertising and PR, Marketing create high costs, but little results

10

Company does not review existing and new technologies frequently

New relevant technologies are not used, competitive disadvantage

 

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