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Myths of Marketing
book

Myths of Marketing

by Grant Leboff
January 2020
Beginner to intermediate
224 pages
4h 59m
English
Kogan Page
Content preview from Myths of Marketing

MYTH 17

OUR OFFERING MUST ATTRACT THE LARGEST AUDIENCE POSSIBLE

If the essence of strategy, as the business academic Michael Porter once stated, is ‘choosing what not to do’ [1], then many businesses don’t have a marcom strategy at all. In any market there is the ‘Total Addressable Market’, that is the overall revenue opportunity available if 100 per cent market share is achieved [2].

So, three IT engineers, starting a new business, may assess the Total Addressable Market as any enterprise that has IT requirements throughout the world. Of course, these three engineers have no scope to service a global market. Consequently, they may decide that realistically they can only service organizations within a 50-mile radius of their offices. This ...

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Publisher Resources

ISBN: 9780749483920