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Lateral Marketing: New Techniques for Finding Breakthrough Ideas by Philip Kotler,

Lateral Marketing: New Techniques for Finding Breakthrough Ideas by Philip Kotler,
Today’ s marketers face a difficult challenge: how to innovate in a hypercompetitive, super-segmented marketplace. In a consumer economy saturated with homogeneous products and inhabited by customers who are more and more immune to advertising messages, traditional vertical marketing– with its fundamentals of market segmentation and brand proliferation– is beginning to fail us. Now, renowned marketers Philip Kotler and Fernando Trias de Bes present a new system for developing breakthrough opportunities– lateral marketing. Lateral marketing complements traditional marketing by providing an alternative route to generating fresh new ideas. Whereas vertical marketing helps us find increasingly smaller subgroups for which a product might be developed, lateral marketing lets marketers develop an entirely new product that finds a much wider audience. Instead of offering just another diaper for newborns in a cutthroat market, for example, Pull Up diapers are designed for an older child. Kotler and Trias de Bes show numerous examples of how lateral marketing leads to products that succeed even in the face of hypercompetition and product homogeneity. These innovations include new products like Honey Nut Cheerios Milk ’ n Cereal bars, a quick alternative to actual cereal with milk, or Gillette’ s Venus, a razor with a wider head made just for women’ s curves. Lateral marketing also includes using old products in a new way, such as promoting Bayer aspirin as a heart attack preventative. The new marketing concepts that led to these products are the direct result of a different creative process than the endless vertical segmentation of yesterday. This book definesa framework and theory for lateral marketing and the development of breakthrough ideas that will succeed in a consumer market already over-saturated.



Marketing for Hospitality and Tourism by Philip Kotler,
Marketing for Hospitality and Tourism by Philip Kotler,
"The bible of the field." Easy-to-read and user-friendly, this book provides examples and applications that illustrate the major decisions hospitality marketing managers face in their efforts to balance objectives and resources against needs and opportunities in today's global marketplace. Real-world in focus, it reflects the authors' rich combination of both academic and international consulting experience in the hospitality and travel industries. An abundance of real-world examples and cases and experiential and internet exercises give readers extraordinary insight into marketing situations actually encountered on the job. Service Characteristics of Hospitality and Tourism Marketing. The Role of Marketing in Strategic Planning. The Marketing Environment. Marketing Information Systems And Marketing Research. Consumer Markets and Consumer Buying Behavior. Organizational Buyer Behavior of Group Market. Market Segmentation, Targeting, and Positioning. Designing and Managing Products. Internal Marketing. Building Customer Satisfaction through Quality. Pricing Products: Pricing Considerations, Approaches, and Strategy. Distribution Channels. Promoting Products: Communication and Promotion Policy. Promoting Products: Public Relations and Sales Promotion. Electronic Marketing: Internet Marketing, Database Marketing and Direct Marketing. Professional Sales. Destination Marketing. For Marketing Managers in "any" aspect of the hospitality and tourism industry.



Promotional item - A promotional item is merchandise given away free of charge to the public in an effort to promote a business or increase interest in, or sales of, a product. These items are also referred to by the slang terms schwag and tchotchke.

Product placement - Product placement is a promotional tactic used by marketers in which characters in a fictional play, feature film, television series, music video, video-game or book use a real commercial product. Typically either the product and logo is shown or favorable qualities of the product are mentioned.

Custom publishing - Custom Publishing is the term used for a new type of advertizing where the advertizements are at specific places that hone to the interest group in that product. Before custom publishing, advertizers would submit to magazines and television randomly, the closest thing to personalizing was specifying the time of day in which most viewers of a certain age group would watch, or specifying a channel, or magazine.

Promotional model - A promotional model is a person hired to help promote something, usually through their appearance or acting. The promotional model is the consumer's frontline connection to the product or service.



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Custom Item Product Promotional - Custom Item Product Promotional Promotional item - A promotional item is merchandise given away free of charge to the public in an effort to promote a business or increase interest in, or sales of, a product. These items are also referred to by the slang terms schwag and tchotchke. Product placement - Product placement is a promotional tactic used by marketers in which characters in a fictional play, feature film, television series, music video, video-game or book use a real commercial product. ...

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Promotional Product Advertising - Promotional Product Advertising Promotional products - Promotional Products or Advertising Specialties is the imprinting of company logo or information on literally tens of thousands of different products to help promote their company name or the theme they have on the product. The business is a multi billion dollar industry with sales exceeding $17 billion. False advertising - False advertising is an act of deliberately misleading a potential client about a product, service or a company in general by reporting false or misrepresenting information ...

Promotional Product Advertising - Promotional Product Advertising Promotional products - Promotional Products or Advertising Specialties is the imprinting of company logo or information on literally tens of thousands of different products to help promote their company name or the theme they have on the product. The business is a multi billion dollar industry with sales exceeding $17 billion. False advertising - False advertising is an act of deliberately misleading a potential client about a product, service or a company in general by reporting false or misrepresenting information ...

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