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3 C concept of marketing strategy - Marketing strategy explained with 3 C's
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3 C concept of marketing strategy February 17, 2018 By Hitesh Bhasin Tagged With: Marketing strategy articles
The 3 C concept of marketing strategy is a very interesting concept for marketers as it explains complete marketing strategy on the basis of 3 variables. These 3 variables are dynamic and inter dependent on each other. If one changes, the other has to change. The 3 C of marketing strategy are 1) Customer 2) Company 3) Competitor This concept of marketing strategy talks about the dynamic relation which exists in these three variables. Let us explain such relations with an example.
Customer + Company = Low competition. When a customer has a high regard for a company, the competitor seldom finds a chance to https://www.marketing91.com/3-c-concept-marketing-strategy/
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3 C concept of marketing strategy - Marketing strategy explained with 3 C's
penetrate. For example – niche products with high brand equity. The aboveCONTACT equation can also be CATEGORIES ▼ BRAND ANALYSIS ▼ ME reversed. Customer + Competitor = Low penetration for our company. Customer = Competitor or Company The above equation can be observed when there is not much competition and also when the difference between the company and the competition is less. In this case, the company needs to create more USP’s so that it is above the competitor in the customers mind. For example, Reebok vs Adidas. Pepsi vs Coke. Customer = Competitor 1 or Competitor 2 or Competitor 3 or Company Usually an equation which is observed in mass market, where the customer is not too brand loyal and can switch between brands at will. Example – FMCG market Thus, the 3 C of marketing strategy is clear in one thing – If you don’t capture the audience, someone else will. Hence pay equal attention to all three – your customer, your competitor and yourself.
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3 C concept of marketing strategy - Marketing strategy explained with 3 C's
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About Hitesh Bhasin I love writing about the latest in marketing & advertising. I am a serial entrepreneur & I created Marketing91 because i wanted my readers to stay ahead in this hectic business world. You can follow me on Facebook. Let's stay in touch :)
Comments jayesh says
pls keep giving marketing tips for construction business. Reply
Hitesh Bhasin says
Will try to follow up with that article. Will email you when i write about it. Reply
Farhan says
The strategy also work well with Digital Marketing. Reply https://www.marketing91.com/3-c-concept-marketing-strategy/
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Abdulazeez Musa says
Can you please send me some top marketing tips that I can apply as a banker to help me improve my marketing skills and daily business negotiations? Reply
Sushant Pandey says
Dear sir. Please tell me automobile marketing tips Reply
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