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	<title>madia logan &#187; marketing</title>
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	<link>http://www.madialogan.com</link>
	<description>dm is my thing.</description>
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		<title>New Blog in the works</title>
		<link>http://www.madialogan.com/2010/09/new-blog-in-the-works/</link>
		<comments>http://www.madialogan.com/2010/09/new-blog-in-the-works/#comments</comments>
		<pubDate>Tue, 28 Sep 2010 16:42:54 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Digital Marketing]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[music]]></category>
		<category><![CDATA[Natural Hair]]></category>
		<category><![CDATA[blog]]></category>
		<category><![CDATA[social media]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/2010/09/new-blog-in-the-works/</guid>
		<description><![CDATA[Hey friends &#8211; a new blog is in the works. I&#8217;m going to focus on a broader scope of topics. If you know me well, you probably know how many things I work on. I am feverishly writing my third album and thanks to life, I have a lot to write about. I&#8217;m also working [...]]]></description>
			<content:encoded><![CDATA[<p>Hey friends &#8211; a new blog is in the works. I&#8217;m going to focus on a broader scope of topics. If you know me well, you probably know how many things I work on.  </p>
<p>I am feverishly writing my third album and thanks to life, I have a lot to write about. </p>
<p>I&#8217;m also working hard on the digital marketing front.  There are lots of innovations happening and I want to talk a little more about that stuff in detail. </p>
<p>more to come. </p>
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		<title>Marketing ProfDev &#8211; Join Some</title>
		<link>http://www.madialogan.com/2010/07/join/</link>
		<comments>http://www.madialogan.com/2010/07/join/#comments</comments>
		<pubDate>Tue, 06 Jul 2010 12:12:42 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Digital Marketing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=315</guid>
		<description><![CDATA[If you&#8217;re a marketer, you should probably be joining some professional development organizations.  This helps get you networked, stay in touch with industry practices, and up to date on new trends.  Here&#8217;s the list of organizations I know about.  Did I miss any? Social Media Club &#124;   http://www.socialmediaclub.org/ &#8211; My local branch in DC is [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-319" title="join" src="http://www.madialogan.com/media/2010/07/join.jpg" alt="join" width="450" height="280" /></p>
<p>If you&#8217;re a marketer, you should probably be joining some professional development organizations.  This helps get you networked, stay in touch with industry practices, and up to date on new trends.  Here&#8217;s the list of organizations I know about.  Did I miss any?</p>
<ul>
<li><strong><a href="http://www.socialmediaclub.org/">Social Media Club</a></strong> |    http://www.socialmediaclub.org/ &#8211; My local branch in DC is pretty  active: Shout to http://smcdc.wordpress.com.  They do many events around  the DC area where digital marketing professionals can meet up to  discuss best practices.  It feels a little less stuffy than the more  developed associations but it depends on what you&#8217;re into.  I paid the  membership fee immediately, because I could pay from PayPal!  You also  get good discounts to events.  I&#8217;m not sure if I&#8217;m attending the online  marketing summit, but it is one example of how joining the SMC could be a  good thing.  http://www.onlinemarketingsummit.com/2010-washington-dc/</li>
<li><strong><a href="http://www.marketingpower.com/">American Marketing Association</a> </strong>| http://www.marketingpower.com &#8211; I joined the AMA in 2006 and have been off and on with my membership.  They produce a quarterly journal that can be helpful.  They also have a great job board that is open to site visitors.</li>
<li><strong><a href="http://www.societyofdigitalagencies.org/">Society of Digital Agencies</a> </strong>| http://www.societyofdigitalagencies.org &#8211; I joined SoDA the earlier part of this year.  There was no membership fee, though I would have paid something for all the value I got.  They manage the site through a Ning network and did a awesome digital marketing outlook document.  Some people want to know that SoDA began as an Adobe venture but I don&#8217;t have a position on that.  It&#8217;s a great org that gives you access to great resources and allows you to contribute meaningfully. I cross post marketing blog posts on their site and check out the other contributors.</li>
</ul>
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		<title>Don&#8217;t Sell. Convert</title>
		<link>http://www.madialogan.com/2010/06/dont-sell-convert/</link>
		<comments>http://www.madialogan.com/2010/06/dont-sell-convert/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 23:34:11 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=308</guid>
		<description><![CDATA[Sales.  See the title before you know the person, and they&#8217;re already insincere.  That&#8217;s why we cringe at the idea of visiting a car dealership or dreaded auto repair.  I don&#8217;t want to be sold to.  It makes me feel exploited and naive. So- I get why organizations, particularly consumer tech companies, embrace religious terminology.  [...]]]></description>
			<content:encoded><![CDATA[<p>Sales.  See the title before you know the person, and they&#8217;re already insincere.  That&#8217;s why we cringe at the idea of visiting a car dealership or dreaded auto repair.  I don&#8217;t want to be sold to.  It makes me feel exploited and naive.</p>
<p>So- I get why organizations, particularly consumer tech companies, embrace religious terminology.  I have my concerns with the blending of consumer culture and religion but evangelist just doesn&#8217;t sound like sales man to me.  The word evangelist evokes images of genuine passion and zeal.  Avinash Kaushik, is an Analytics Evangelist for Google.  When I tell you he is on FIRE for web analytics, it is an understatement.</p>
<p>I walked into the Apple store recently and spoke at length with a &#8220;genius&#8221; (that&#8217;s what they call their sales associates) and the show began.  She raved about the Mac Book Pro.  She was a film student who used Premiere and said it worked like a dream.  She called over someone else that had this newer model, and experience with the software I would use and she went on and on about it.</p>
<p>The truth is that if I had $3,000 in discretionary funds that day, I&#8217;d own a Mac.</p>
<p>Stop selling and start converting.</p>
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		<title>Implementation Is Not Success</title>
		<link>http://www.madialogan.com/2010/02/implementation-notsuccess/</link>
		<comments>http://www.madialogan.com/2010/02/implementation-notsuccess/#comments</comments>
		<pubDate>Sun, 21 Feb 2010 16:14:17 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Digital Marketing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=228</guid>
		<description><![CDATA[When you ask a company about their digital strategy, and the response you get is &#8220;We&#8217;re going to start blogging and twittering and a FB fan page&#8230;&#8221; &#8211; it&#8217;s still surprising to me. If you fast forward to the leadership meeting, you&#8217;ll hear some undertones of charts and numbers (with nothing to really compare it [...]]]></description>
			<content:encoded><![CDATA[<p>When you ask a company about their digital strategy, and the response you get is &#8220;We&#8217;re going to start blogging and twittering and a FB fan page&#8230;&#8221; &#8211; it&#8217;s still surprising to me.  If you fast forward to the leadership meeting, you&#8217;ll hear some undertones of charts and numbers (with nothing to really compare it to) but the real energy in reporting out is that we did it.  We started the blog.  We started the conversation.  Now we&#8217;re dealing with how to engage important audiences and answer questions &#8212; but we didn&#8217;t really have an idea of how to do this before-hand because well this new digital media stuff is craaaazy.  </p>
<p>The excuse that digital media is new doesn&#8217;t work anymore.  There are books, case studies, agency experts, and other things that help people understand what it is, and how to interact with it.  The lack of planning is lazy and it reminds me of a quote from a book I&#8217;m reading now called Start with Why.  &#8220;They never have time or money to do it right, but they always have the time and money to do it again.&#8221; and it&#8217;s true.  When a large part of the rework required on these types of projects could have been avoided with planning &#8211; well there&#8217;s some missing accountability there.  Why didn&#8217;t you anticipate this?</p>
<p>Just because you can make mistakes at a cheaper financial cost doesn&#8217;t mean that you shouldn&#8217;t get the very best first product as close to right as you can.  There are real risks to your brand perception and those risks should make you want to get as close to right the first time as you can.  </p>
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		<title>Social Networking Privacy &#8211; Useful Knowledge</title>
		<link>http://www.madialogan.com/2010/02/social-networking-privacy-useful-knowledge/</link>
		<comments>http://www.madialogan.com/2010/02/social-networking-privacy-useful-knowledge/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 05:13:20 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Employment]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[marketing strategy]]></category>
		<category><![CDATA[personal brand]]></category>
		<category><![CDATA[professional]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=215</guid>
		<description><![CDATA[Managing your personal brand is important for a lot of professionals.  For those of us interested in advancing in the corporate world, it makes sense to think about what your online life says about you. Employers sometimes view job candidates&#8217; social network pages as part of their research.  In a survey done by CareerBuilder, 45% [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-thumbnail wp-image-218" title="socialmedia" src="http://www.madialogan.com/media/2010/02/socialmedia-150x150.jpg" alt="socialmedia" width="150" height="150" /></p>
<p>Managing your personal brand is important for a lot of professionals.  For those of us interested in advancing in the corporate world, it makes sense to think about what your online life says about you.</p>
<p>Employers sometimes view job candidates&#8217; social network pages as part of their research.  In a survey done by CareerBuilder, 45% of respondents said they did.  It goes without saying that if you enjoy posting risky or potentially offensive content, you should probably maintain your privacy filters very closely.  Maybe you should just maintain those on a site that doesn&#8217;t have your name on it&#8230;</p>
<p>Protect your privacy, but what about the flip side?  Could potential employers like some of what they see on your profile, and could that profile be helpful in landing you the job or at least making you stand out?  Here are some quick points:</p>
<ul>
<li><strong>Don&#8217;t fake it.</strong> If you find your potential boss is into whitewater rafting, it&#8217;s probably not the best idea to say that&#8217;s one of your hobbies.  Even if you get the gig &#8211; you&#8217;d have to live with that lie for waaaay too long.</li>
<li><strong>Search yourself.</strong> I look up my search results all the time.  You&#8217;ll probably see things about your past jobs, and all of your web life. You may see things all over the spectrum from schools you attended, boards you served on, etc&#8230;  Here I scan to make sure my privacy settings are working.  If you have a very common name, then you could be safe &#8211; but social networks can search for people in different areas&#8230;</li>
<li><strong>See through their eyes.</strong> Think about the position(s) you&#8217;re applying for and what type of person they&#8217;re looking for.  Look for ways to align yourself with values you share with the company.  Look for ways to show your involvement in discussions about your industry or functional expertise.  Don&#8217;t be cheesy and obvious, but you can change your FB profile summary pretty easily.  Why not say something interesting about your work?</li>
</ul>
<p>There are real ways to add content to your social media profile that help distinguish you from the crowd and make you a real person, not just a resume currently atop the pile.</p>
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		<title>Walmart &#8211; A brand redefined</title>
		<link>http://www.madialogan.com/2010/02/walmart-a-brand-redefined/</link>
		<comments>http://www.madialogan.com/2010/02/walmart-a-brand-redefined/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 03:15:39 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[corporate]]></category>
		<category><![CDATA[marketing strategy]]></category>
		<category><![CDATA[walmart]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=210</guid>
		<description><![CDATA[To borrow from another brand&#8230; Walmart, you&#8217;ve come a long way baby. Remember when everyone hated Walmart? It started out as a family run business and then as it grew, it became the evil empire.  There was even talk of a curse when the Waltons tragically lost two family members in one year.  A documentary [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-213" title="wmlogo" src="http://www.madialogan.com/media/2010/02/wmlogo.gif" alt="wmlogo" width="145" height="62" /></p>
<p>To borrow from another brand&#8230; Walmart, you&#8217;ve come a long way baby.</p>
<p>Remember when everyone hated Walmart?  It started out as a family run business and then as it grew, it became the evil empire.  There was even talk of a curse when the Waltons tragically lost two family members in one year.  A documentary that detailed the sins of Walmart was very popular and this is when I think the brand people realized there was a real problem here.</p>
<p>So what happened?  My theory is that some corporate soul searching went on.  Now whether or not soul searching can happen in for-profit corporations may be debatable, but it appears as though the company has made some significant changes to compete and work to improve the quality and perception of the Walmart brand.   Aside from branding, the corporation also faced real business hurdles because of how their brand was perceived.  I found an <a href="http://www.emorymi.com/allen.shtml">article</a> from Emory&#8217;s Gozuieta School of Business that does a good job of summarizing:</p>
<blockquote><p><span style="font-family: Trebuchet MS,Verdana,Arial Narrow; font-size: x-small;">According                  to several accounts, Wal-Mart is struggling to establish stores                  in the West and Northeast and in urban areas like Chicago because                  these areas are more unionized and particularly concerned about                  the company&#8217;s social policies. Wal-Mart has flourished in the                  Republican red states, but the company is virtually blocked out                  of expanding into Democratic blue states. </span></p></blockquote>
<p>In 2009 the low cost retailer was ranked in the top two Fortune 500 companies and number 5 for profitability.  With numbers like that most companies would have strong corporate giving programs.  Philanthropy is a duty to most but always a plus in my book.  Most recently, Walmart has contributed over 1 million dollars of aid to Haiti.  Big companies have great potential for good -or- maybe to whom much is given, much is expected&#8230;</p>
<p>Walmart is now the largest retailer of organic products.  It&#8217;s a volume game and they&#8217;ve got great distribution and expertise in supply chain management.  The move to organics is consumer-driven but the brand also benefits.  In addition to their big move into organics, the store is working with suppliers to help them adopt more sustainable business practices and more organic products.  In July of 2009, Walmart <a href="http://walmartstores.com/FactsNews/NewsRoom/9277.aspx">announced</a> that they would create a worldwide sustainable product index which would provide consumers with a rating about the sustainability of products the store carries.</p>
<p>I vaguely remember issues about Walmart not paying a living wage, union busting, and discriminating against female employees.  But all of that seems to be like a distant bad dream.  Now, shoppers walk in with their reusable Walmart bags and load up on organic fruit and sustainable products.</p>
<p>Brand strategy or just good business? It&#8217;s great when you can do both with the same strategies.</p>
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		<title>Come Home &#8211; The Right Time for American Carmakers?</title>
		<link>http://www.madialogan.com/2010/02/come-home-the-right-time-for-american-carmakers/</link>
		<comments>http://www.madialogan.com/2010/02/come-home-the-right-time-for-american-carmakers/#comments</comments>
		<pubDate>Sun, 07 Feb 2010 00:22:47 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=198</guid>
		<description><![CDATA[With everything going on with Toyota, I&#8217;m wondering will this help American car makers win some market share back from foreign carmakers.  It does get a little grey since foreign cars are manufactured in the U.S.  I&#8217;m not speaking from a protectionist stand point.  I just wonder if American car makers are not capitalizing on [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-200" title="americancars" src="http://www.madialogan.com/media/2010/02/americancars1.gif" alt="americancars" width="240" height="180" /></p>
<p>With everything going on with Toyota, I&#8217;m wondering will this help American car makers win some market share back from foreign carmakers.  It does get a little grey since foreign cars are manufactured in the U.S.  I&#8217;m not speaking from a protectionist stand point.  I just wonder if American car makers are not capitalizing on the opportunities presented them.</p>
<p>Before, American car makers didn&#8217;t seem &#8216;incentivised&#8217; to improve the quality of their product.  It was common knowledge that other cars had higher resale value, less mechanical issues, and overall longer running time.  In the past 3-5 years though it seems that those same car makers have to innovate or risk becoming non-existent brands in the future.</p>
<p>From a strategy perspective I would see an advantage in American car makers doing something to capitalize on the opportunity. Thoughts?</p>
<p>CY3PS3UQVMD9</p>
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		<title>Pick Something:  Ignored Advice</title>
		<link>http://www.madialogan.com/2010/02/pick-something/</link>
		<comments>http://www.madialogan.com/2010/02/pick-something/#comments</comments>
		<pubDate>Thu, 04 Feb 2010 09:15:57 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Digital Marketing]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Natural Hair]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[bad advice]]></category>
		<category><![CDATA[music]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=187</guid>
		<description><![CDATA[Despite my better judgment, I&#8217;m doing a very introspective post.  It could be because I&#8217;m up late thinking about work.  It&#8217;s more likely that something is bugging me.  &#8216;This will surely be one of those posts I contemplate deleting after it&#8217;s published but you have to tell the truth to get the truth so here [...]]]></description>
			<content:encoded><![CDATA[<p>Despite my better judgment, I&#8217;m doing a very introspective post.  It could be because I&#8217;m up late thinking about work.  It&#8217;s more likely that something is bugging me.  &#8216;This will surely be one of those posts I contemplate deleting after it&#8217;s published but you have to tell the truth to get the truth so here it goes.</p>
<p><span style="color: #000080;"><span style="color: #000000;">I am a</span><strong> marketer</strong></span>, and a pretty serious one.  <span style="color: #800000;"><span style="color: #000000;">I am a </span><strong>writer</strong></span>.  I emphasize getting a point across &#8211; one on one or in a group.  <span style="color: #800080;"><span style="color: #000000;">I am a</span></span><strong><span style="color: #800080;"> speaker</span></strong>.  Clearly I like to talk people and I&#8217;m pretty good at it.</p>
<p>I am a <span style="color: #003300;"><strong>singer </strong></span>and a <strong><span style="color: #003300;">songwriter</span></strong>.  I&#8217;ve released two albums and am finally back in the studio working on the third.  My albums have digital distribution and can be found online at iTunes, Napster, Amazon, and other marketplaces.  Yeah Madia does music and Madia [a.k.a. logan] does marketing.</p>
<p>I always thought people should pick something, and get good at it.  It wasn&#8217;t because I didn&#8217;t think people could be good at multiple things.  I did and I do!  I think that when we summarize people in our head, we can only fit one thing.  As people we define other people in a very small box.  I think most mental summaries are a word or two.   Mother.  Musician.  Marketer.  Writer.</p>
<p>We define people by the role we know them to play or the role that is most prominent &#8211; and because of that, I conformed to the idea that I have to be one thing now that I&#8217;m a grown up and can no longer pass for a college student.  (maybe a grad student&#8230;)  People told me I had to pick something.</p>
<p>So I&#8217;m coming out to multiple groups that I have worked very hard to keep separate.  Why?</p>
<ul>
<li>It&#8217;s bound to happen.</li>
<li>I might as well control the message. (inner marketer)</li>
<li>If we&#8217;re friends you&#8217;ll hopefully make my box a lil bigger.</li>
<li>If we&#8217;re not friends, maybe you&#8217;ll resist putting others in a box.</li>
</ul>
<p>If you&#8217;re a person of multiple talents, I think letting the walls down is good.  It shows you have multiple strengths and sometimes unique insights as a result of your multiple perspectives.  They told me to pick something&#8230; but I&#8217;m ignoring that advice.</p>
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		<title>The Wedding or the Marriage</title>
		<link>http://www.madialogan.com/2010/01/wedding-or-marriage/</link>
		<comments>http://www.madialogan.com/2010/01/wedding-or-marriage/#comments</comments>
		<pubDate>Sat, 30 Jan 2010 04:56:57 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Digital Marketing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[digital media]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=166</guid>
		<description><![CDATA[I still don&#8217;t think business gets it.  Let me be more specific.  I&#8217;m not sure that some businesses get the implementation of digital media.  They don&#8217;t understand the commitment.  Today I thought of an analogy that made so much sense I had to break my rule of not getting carried away with multiple blog posts [...]]]></description>
			<content:encoded><![CDATA[<p><img class="size-thumbnail wp-image-170 alignnone" title="commitment" src="http://www.madialogan.com/media/2010/01/weddingRings-150x150.jpg" alt="commitment" width="150" height="150" /></p>
<p>I still don&#8217;t think business gets it.  Let me be more specific.  I&#8217;m not sure that some businesses get the implementation of digital media.  They don&#8217;t understand the commitment.  Today I thought of an analogy that made so much sense I had to break my rule of not getting carried away with multiple blog posts in a day.  Since I&#8217;ve just enabled comments &#8211; this is a big move for me.  To the point.</p>
<p>The wedding and the marriage.</p>
<p>The way a lot of businesses are still interacting with digital media reminds me of the couple all excited about the wedding.  They plan.  They budget the resources to pay vendors, florists, caterers, venues, etc&#8230; and after all that, they have their day. After the day &#8211; things tend to get a little tough.  Hence the divorce rate.  I always think to myself, maybe instead of the fancy centerpieces they should have sprung for marital counseling or preparation for the journey.</p>
<p>In the same ways people tend to focus on the wedding and not sustaining the marriage, businesses overemphasize their foray into digital media.  Look at us we&#8217;re blogging, podcasting and tweeting.  What businesses lack is the core strategy and expectation that they will have to experiment and customize these tools to accomplish the goals they&#8217;ve set.  The idea that you&#8217;d be able to start a blog and instantly build a following, master the feedback process, and strike chords with every post is not naivete, but a bad expectation to have in the first place.  It is very much like having a marriage and believing that every day is going to be filled with rainbows and sunshine.</p>
<p>I&#8217;m sure you could have a big wedding that kicks off a 60 year marriage but if I had to choose I&#8217;d pick a smaller wedding and a huge 50 year anniversary party.</p>
<p>Businesses should celebrate their successes in digital media, not their decision to participate.  Manage leadership expectations appropriately and continue to test and perfect your approach to accomplish the goals you created.  In this case &#8211; it takes commitment to celebrate.</p>
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		<title>Marketing Strategy 101 &#124; The Competitor</title>
		<link>http://www.madialogan.com/2009/05/marketing-strategy-101-the-competitor/</link>
		<comments>http://www.madialogan.com/2009/05/marketing-strategy-101-the-competitor/#comments</comments>
		<pubDate>Thu, 14 May 2009 13:51:45 +0000</pubDate>
		<dc:creator>madia</dc:creator>
				<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketing strategy]]></category>

		<guid isPermaLink="false">http://www.madialogan.com/?p=98</guid>
		<description><![CDATA[Ah, the competitor. Whether you like it or not, the competitors are here to stay. If you just entered a new market be sure that there are current and future competitors evaluating the barriers to entry and profit margins for that particular industry. Competitors are good for business &#8211; and knowing them is critical. Who&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>Ah, the competitor.  Whether you like it or not, the competitors are here to stay.  If you just entered a new market be sure that there are current and future competitors evaluating the barriers to entry and profit margins for that particular industry.  Competitors are good for business &#8211; and knowing them is critical.</p>
<p>Who&#8217;s doing what you&#8217;re doing?  If you have a product on shelves, who is it next to?  What products are you competing with?  Understanding where your competitors are in the market is critical.  First, you should have an understanding of how your product compares to theirs?  Hopefully there is something that gives you competitive advantage.  Maybe your bicycle seats are more comfortable or maybe your bike is just as good quality but cheaper.  The point is that you need to understand this information.  It&#8217;s like knowing where you stand.  You think WalMart marketers cringe when Nordstrom sells a pack of tee shirts?  Probably not because their goal is to be the low cost leader.  They aren&#8217;t competing with Nordstrom on product.  They&#8217;re competing on price.  Nordstrom on the other hand is competing on customer service and product quality.  There is a whole body of work on competitive dynamics that deals with competitive interdependence in strategy development and industry life cycles.  </p>
<p>More on the competitor later&#8230;</p>
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