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'Differentiate' Your Differentiation StrategyThursday 08th April 2010 To achieve long-term success in today's customer-driven marketplace, you first need to differentiate your differentiation strategies!
Product differentiation is increasingly difficult within a tightly knit financial sector, and even when done legitimately, is not always beneficial to the brand. Much of the focus within the banking sector, for example, is on differentiation at product level in order to drive short-term tactical initiatives. This has, in some notable instances, led to poor decision-making, compromising on financial and operational risk to meet sales targets and shareholder expectation. Only by adopting and implementing brand level differentiation can companies create their own space. In this way, you:
Remain authentic and true to their core essence Consistently deliver on their Unique Value Proposition (UVP) Deliver superior customer service thanks to passionate brand ambassadors Engage with customers on a deeply emotional level |
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