HOME SUBSCRIBE TESTIMONIALS FAQs LOG-IN CONTACT US

Web www.bizsum.com

FREE ONE MONTH TRIAL

Subscribe to our free trial and receive business book summaries for a month. Sign-up now and get all the key information you need to keep up with the latest business trends.
No obligations whatsoever.
Absolutely FREE.

Name:
Email:

SUBSCRIBE NOW

Individual License

Summaries of business bestsellers for one year in pdf, Powerpoint, PDA, and audio formats made available electronically or by mail.

Multiple License

Sign-up for multiple subscription and enjoy discounts on our book summaries.

Gift Subscription

Give book summaries as gifts to your friends or family. Surely a great pick for all occasions.

Corporate Subscription

Keep your key people updated with the latest business trends by giving them access to our book summaries

"Your business book summaries are already standard reading in our company."
Al Bergen
CEO, Mesa Consulting

Receive monthly book summaries for life and a one-month free trial of our Pro version! Just click here. It's free!

Book Summary: Marketing Myths That Are Killing Business

Printed with permission from TCI Management Consultants. A group of senior-level management consultants, offering strategic planning and marketing services to a wide range of public and private sector clients.

Marketing Myths That Are Killing Business: The Cure for Death Wish Marketing
by Kevin J. Clancy, Robert S. Shulman,
McGraw-Hill, New York, 1994

'Death Wish Marketing' - the very concept is calculated to strike the fear of failure and ignominy into the hearts of marketers everywhere. Clancy and Shulman make the case that many products and services, and the companies that offer them, are failing and dying due to the incompetence of those in charge of the marketing function. Why? Because they subscribe to a variety of misleading if not downright false 'marketing myths'. This syndrome is what the authors term 'death wish marketing'. ('Wishful thinking marketing' would probably be a better term, but what that gains in accurate description it loses in drama and urgency. Given that the authors are marketing experts we suppose that they know what they are doing.)

Especially susceptible to this suggestion of 'death wish marketing' are those that may have gravitated into the marketing function from somewhere else in the company, and who are unsure of the ground they may be on. Even seasoned marketers, seeing the conventional wisdom of their trade debunked in the book, will have cause to question their own attitudes and ideas. In short, Clancy and Shulman have created a reason for everyone in the marketing game to feel nervous if they haven't read this book.

Beyond the hyperbole and scare tactics, though, there is a great deal of useful advice and perspective in the book. Clancy and Shulman investigate fully 172 marketing 'myths' that they say are plaguing business today. These are discussed under twenty different topic areas:

business performance
marketing planning
marketing department organization
marketing decision-making
marketing research
the marketing climate
new product introduction
targeting
positioning
advertising
media planning and scheduling
promotion
public relations
pricing
sales force management
direct marketing
retailing
customer service
test marketing
measuring marketing performance

Each of the 172 marketing myths is exploded in an entertaining and informative way, in a short, highly readable essay of 1 to 2 pages. These essays draw liberally from recent business situations, and tend to have a contrarian and adversarial flavour. Examples include:

one good way to spot marketing opportunities is to see what your competition is doing (Myth # 10) - The authors claim that this may be more likely to set you off down the same garden path that your competitors are on, than to reveal any profound insights.

people like to shop; it's a form of recreation (Myth #43) - "Are you kidding? People hate to shop." say the authors. Aside from certain crazed affluent women, consumers generally want to waste as little time as possible in the physical act of shopping - hence the growth of catalogue sales and the increasing interest in purchasing via the Internet.

psychographic segmentation is a useful tool for segmenting markets (Myth #64) - Total crap, say Clancy and Shulman, because psychographic variables are at best only remotely related to consumer behavior and market response.

a company cannot measure the effect of public relations and other forms of corporate communications (Myth #109) - Their verdict on this one? A cop out. "Nonsense", they say. "It's relatively simple to measure the public relations effect", and they obligingly provide some ideas as to how it can be done.

the essence of a retail operation is location, location , location (Myth #144) - Wrong-o!, say the authors. The right idea is concept, concept, concept - if you have the right retail concept, and aren't located somewhere in the extreme boonies, the market will seek you out.

...and so on. Each essay is a little reality check of this sort. You may or may not agree with their spin on the issue, but there is no denying the entertainment value, of what they are saying and how it is presented.

Clancy and Shulman are the former chairman and CEO respectively of the Yankelovich Organization, one of the largest and most respected marketing consulting organizations in the world, so they are not exactly fly-by-nighters. Also, Clancy is a professor of marketing at Boston University.

All in all, a good read, with some interesting and illuminating insights.

Oh, yes, one final point..... The authors present a very interesting 'Test Your Marketing IQ' exercise at the outset of the book, consisting of twenty multiple-choice questions on various aspects of marketing. It's worth taking before reading the book, and may give you food for thought. At any rate, it will give you some insight as to how Clancy and Shulman intend to handle their subject.

The above summary has been provided to you compliments of TCI Management Consultants

As a limited offer, we are offering a 30% discount for our BusinessSummaries Pro subscription at only $69.95 - a clear $30 savings! Plus, you'll also receive our exclusive "Inside The Guru Mind" - a $49.95 value --- FREE! So Sign up Now!

Want to read more book summaries? click here now >>