The market leader represents the most dominant form of market interferes in a specific
market industry. Usually, there is in one industry one firm that interacts as the market
leader. It is characterized by having the largest market share. Furthermore, the market
leader determines pace and bases of competition as for example the pricing or advertising
intensity and last its ability to create a benchmark which means that it then influences the
activities of other companies (Wilson and Gilligan, (2006)). For example the sports brand
NIKE is the market leader in the sports industry in the USA but also operating strongly on a
global basis due to an enormous potential purchasing power worldwide. However, regarding
the European market, ADIDAS dominates the sports industry market (Smit, 2006).

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Details

Title: The 4 types of market competitive positioning and its key strategies
Course: International and Strategic Marketing
Grade: A
Author: Christian Berger (Author)
Publication Year: 2008
Pages: 11
Catalog Number: V118064
ISBN (eBook): 9783640202133
Language: English
Tags: International Strategic Marketing

The 4 types of market competitive positioning and its key strategies

Details