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In this book, Geruson shows that the key to successful market strategy is the exploitation of "two dimensional market heterogeneity," a new idea that integrates and enhances the concepts of product differentiation, price discrimination, market segmentation, information signalling, and customer purchase risk reduction. In depth examples from IBM and niche computer companies Cray, Tandem, and Control Data show how to implement the ideas in the real world and provide many lessons on the hidden pitfalls and secrets to success in market strategy.
The core question investigated is how firms can achieve competitive advantage by leveraging two-dimensional market heterogeneity. Richard J. Geruson, drawing on his background in corporate strategy and economics, argues that traditional models of market segmentation are insufficient. He introduces a framework that integrates product differentiation, price discrimination, and risk reduction to provide a more comprehensive approach to market positioning.
What You Will Find
Experts recognize this work as a technical contribution to the field of strategic management, particularly for its focus on the intersection of pricing and product differentiation. Readers frequently note the academic density of the prose and the practical utility of the provided industry examples.
Page Count:
264
Publication Date:
1992-10-22
Publisher:
Oxford University Press
ISBN-10:
0195068009
ISBN-13:
9780195068009
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