Strategic Market Relationships: From Strategy to Implementation
Author: Bill Donaldson
Strategic Market Relationships, 2nd Edition develops the reader’s understanding of the nature, relevance and importance of creating and sustaining relationships as a strategic resource. It takes a managerial perspective to the study of relationships, from strategy to implementation. The first edition was the first text that comprehensively addressed relationships as a strategic issue, and considering relationships as strategic and as a basis for competition is central to this book. In a nutshell, strategic market relationships is the process of analyzing, formulating and implementing a relationship strategy for an organisation.
The new edition is being totally restructured in the light of teaching experience with the book and new research since it was published. Most of the existing content will still be there but presented in a new logic.
• Continues to map relationships from strategy to implementation
• Text more clearly divided into strategy and implementation parts
• Continues to focus on close relationships and on the management of relationships
• Continues with introductory case illustration and end of chapter teaching cases with many new ones
• All chapter updated with new research since the last publication
• Revamped chapter on relationship planning including a stronger focus on strategic choice and relationship development
• New chapter on relationship types/archetypes to develop on the theme of classification and the management of specific relationships
• New chapter on organizing relationships
• Newchapter on people and relationships
• E-relationship chapter integrated into chapter on communication and dialogue in a relationship
• New chapter on channel relationships
• Chapter on relationship performance restructured around costs and value.
• Ethics and researching relationships expanded in the conclusion chapter
Table of Contents:
Preface | xi | |
Acknowledgement | xv | |
Chapter 1 | Introduction to strategic market relationships | 1 |
Introduction and objectives | 1 | |
Case illustration: Formula One and Jordan Grand Prix Limited | 2 | |
Structure and purpose of the book | 4 | |
The emergence of strategic market relationships | 6 | |
Transactions versus relationships | 7 | |
Traditional management and relationship management | 9 | |
Trends driving relationships | 13 | |
What do strategic relationships imply for management? | 15 | |
Chapter summary | 16 | |
Case for discussion--First Direct | 17 | |
Chapter questions | 19 | |
Chapter 2 | Relationships are strategic | 21 |
Introduction and objectives | 21 | |
Case illustration: airline industry | 22 | |
The strategic domain of relationships | 23 | |
Strategic relationship issues | 28 | |
Competitive advantage from relationships | 32 | |
Chapter summary | 34 | |
Case for discussion--Wal-Mart & Procter and Gamble | 34 | |
Chapter questions | 36 | |
Chapter 3 | Relationship-based theories | 39 |
Introduction and objectives | 39 | |
Case illustration: the electronics industry and the semi-conductor market | 40 | |
Relationship theories--an overview | 41 | |
Agency theory--dealing with risk | 42 | |
Transaction cost economics (TCE)--assessing costs | 44 | |
Resource dependency theory--power and control | 47 | |
Social exchange theory--relationships as social entities | 49 | |
The interaction approach--co-operation and networking | 50 | |
Meta approaches to researching into relationships | 52 | |
Chapter summary | 54 | |
Case for discussion--Merial | 54 | |
Chapter questions | 57 | |
Chapter 4 | Relationship planning | 59 |
Introduction and objectives | 59 | |
Case illustration: hotel industry | 60 | |
Strategic relationship planning process | 62 | |
Strategic relationship planning: some key principles | 63 | |
The dimensions of relationship analysis | 66 | |
Relationship strength in formulating and selecting strategy | 69 | |
Strategic relationship implementation | 70 | |
Chapter summary | 73 | |
Case for discussion--Amazon.com | 74 | |
Chapter questions | 77 | |
Chapter 5 | Networks | 79 |
Introduction and objectives | 79 | |
Case illustration: industrial districts | 80 | |
Defining networks | 81 | |
Analysis of networks | 84 | |
Networks and strategy | 88 | |
Network forms and application | 90 | |
Chapter summary | 92 | |
Case for discussion--biotechnology and pharmaceutical networks | 93 | |
Chapter questions | 96 | |
Chapter 6 | Relationship classification and development | 97 |
Introduction and objectives | 97 | |
Case illustration: carmakers feeling the heat | 98 | |
Classifying relationships | 98 | |
Managing relationship porfolios | 104 | |
Developing relationships | 107 | |
Chapter summary | 109 | |
Case for discussion--Metal Forming Ltd | 109 | |
Chapter questions | 111 | |
Chapter 7 | The 5-S framework of relationship management implementation | 113 |
Introduction and objectives | 113 | |
Case illustration: the UK energy market | 114 | |
Structure | 115 | |
Staff | 126 | |
Style | 131 | |
Systems | 132 | |
Schemes | 135 | |
Chapter summary | 136 | |
Case for discussion--ABB power automation | 137 | |
Chapter questions | 138 | |
Chapter 8 | Customer relationship management | 141 |
Introduction and objectives | 141 | |
Case illustration: UK private client stockbroking | 142 | |
CRM implementation issues | 145 | |
Relationship-based interfaces | 145 | |
An emphasis on quality | 149 | |
Measure customer satisfaction but manage customer service | 153 | |
Investing in people | 154 | |
Maintaining dialogue with customers | 155 | |
Setting realistic targets and assessing performance | 158 | |
Chapter summary | 162 | |
Case for discussion--Polaroid | 163 | |
Chapter questions | 164 | |
Chapter 9 | E-relationships | 167 |
Introduction and objectives | 167 | |
Case illustration: on-line relationships | 168 | |
The development of IT in relationships: research and practice | 170 | |
The e-relationship technologies | 178 | |
Maximising value in e-relationships | 180 | |
Chapter summary | 181 | |
Case for discussion--Benetton | 181 | |
Chapter questions | 183 | |
Chapter 10 | Innovation and strategic market relationships | 185 |
Introduction and objectives | 185 | |
Case illustration: networks interrupted for Motorola | 186 | |
NPD--active users and networks | 188 | |
Relationship-based NPD activity in context | 196 | |
Chapter summary | 204 | |
Case for discussion--Hughes Network Systems | 205 | |
Chapter questions | 207 | |
Chapter 11 | Relationship internationalisation | 209 |
Introduction and objectives | 209 | |
Case illustration: Guanxi: culture specific relationships | 210 | |
Trends forging international relationships and the international relationship approach | 211 | |
Relationships and international market selection | 214 | |
Relationships and international market entry | 216 | |
Relationships and international market expansion | 218 | |
Relationships and international organisation | 219 | |
Managerial implications of international relationships | 221 | |
Chapter summary | 223 | |
Case for discussion--Statoil relationship approach to market entry | 223 | |
Chapter questions | 226 | |
Chapter 12 | Relationship performance | 229 |
Introduction and objectives | 229 | |
Case illustration: UK banking | 230 | |
Relationship performance overview | 232 | |
Relationship performance in context | 237 | |
The link between relationship governance and performance | 241 | |
Chapter summary | 244 | |
Case for discussion--Landis and Staefa | 245 | |
Chapter questions | 247 | |
Chapter 13 | Strategic market relationships: conclusions and further reflections | 249 |
Introduction | 249 | |
Relationship strategy | 250 | |
Relationship implementation | 252 | |
Relationship ethics | 253 | |
Researching relationships | 254 | |
Further relationship scenarios | 255 | |
A final note | 256 | |
References | 259 | |
Index | 277 |
See also: The Home Spa Book for Dogs or Geriatric Palliative Care
Introduction to Market Research Using the SAS System
Author: SAS Institute Incorporated
Loaded with examples, this book is for anyone interested in learning how to use SAS software for market research. It focuses on ways to help you analyze your market, enabling you to perform random sampling, create survey forms and manage survey data, analyze qualitative frequency data, write tabular reports and produce plots, charts, and maps, perform basic statistical analysis including regression, and access database tables and files. Supports releases 6.07 and higher of SAS software.
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