The document discusses strategies for second-place brands to compete against market leaders. It suggests that number two brands adopt an opposite strategy by being different rather than trying to be better. It provides examples of Pepsi positioning as new and different compared to old Coke, and Closeup appealing to newer generations versus old Colgate. The conclusion is that competitors should turn the leader's strengths into weaknesses by being different and creative rather than trying to be a better version of the leader.
4. SIMPLE CONCEPT
Any company who is in the second place.
.
He must find the different strategy to compete the NO.1
Leading Brand company In the MARKET.
.
IT Uses opposite strategy to make a brand position in the
market.
.
EXAMPLES:
COKE & PEPSI
COLGATE & CLOSE UP
EXCEL took over LOTUS 1-2-3 by being a better
spreadsheet, not a different spreadsheet).
5. COKE IS OLD BUT
OLD IS GOLD
PEOPLE PERCEPTIONS ABOUT BRANDS
PEPSI IS NEW THATS
SOUNDS DIFFERENT
6. PERCEPTIONS ABOUT BRAND
COLGATE IS OLD & PEOPLE LIKE IT
VERY MUCH
CLOSEUP IS NEW SO NEW GENERATION
.
WANTS SOME INNOVATIVE PRODUCT
7. CONCLUSION
Wherever the leader is strong, there is an opportunity to
make different strategy for another competitor.
.
Turn the strength into the weakness.
.
Dont try to be better, be different & creative to make
existence in the market....
#4: READ THE SENTENCE & SUMMARISELY CLARIFY IF ANY COMPANY IS IN THE SECOND PLACE SO THAT COMPANY MAKE DIFFERENT STRATEGY OPPOSITE TO 1ST LEADING BRAND COMPANY
#6: Coke is the original which implies that older people drink it. So Pepsi came up with the Pepsi Generation the choice of the new generation