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Trout on Strategy (Trout, 2004)

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5 of 5 people found the following review helpful:
5.0 out of 5 stars The Bible of Marketing Strategy, December 6, 2005
By
Kent Covington (Oakwood, Ga United States)
 
If you've never read anything from Jack Trout before, this is the book to start with! Trout on Strategy is the Bible of marketing strategy.
Trout is one of the most important business authors of our generation. While some disagree with his views (especially his view on line extension), he has undeniably helped to shape the thinking of the marketing industry over the last 20 years. If you are a business owner or marketing professional, you should not let another week go by without hearing what Trout has to say about "positioning" and "differentiation".
This book is essentially 2 decades of writing all rolled up into one relatively short book. Some other reviews I've read here complain about an apparent repackaging of information contained in previous Trout books. Personally, I am a fan of condensing information. I can re-read Trout on Strategy from time to time, and get a refresher on everything I've ever read of his. I would still recommend reading his other books, but this is a great "nutshell" version of his teachings. There's an awful lot of wisdom crammed into these pages. Buy this book, keep it in an easy to find place, and re-read it once or twice a year.

xi It's all about having the right strategy.
That's because strategy sets the competitive direction, strategy dictates product planning, strategy tells you how to communicate internally and externally, strategy tells you on what to focus.
 
p.63 To be successful, a company must become competitor-oriented. It must look for weak points in the positions of its competitors and then launch marketing attacks against those weak points.
 
p.70 strategy should be developed from a deep knowledge of and involvement in the actual tactics of the business itself.
 
p.72 A strategy is not a goal. Like life itself, a strategy ought to be focused on the journey, not the goal...In our definition, a strategy is not a goal. It's a coherent marketing direction.
 
p.77-78 as experts, people tend to give them credit for more knowledge and experience than they sometimes deserve... Conversely, the generalist is rarely given credit for expertise in many fields of endeavor no matter how good he or she may be.
 
p.92 As Henry Mintzberg, professor of management at McGill University, said, "Management is a curious phenomenon. It is generously paid, enormously influential and significantly devoid of common sense."
 
p.98 The average person doesn't think too deeply about anything much beyond money, sex, gossip, and body weight.
 
p.115 First, how do you find the proper direction? To become a great strategist, you have to put your mind in the mud of the marketplace. You have to find your inspiration down at the front, in the ebb and flow of the great marketing battles taking place in the mind of the prospect.
 
p.136 Another problem with goal setting is that it creates a certain amount of inflexibility. When you're focused on a goal, you tend to miss opportunities that present themselves when you take a different direction.

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