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Book Review
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Making markets: How firms can design and profit from online auctions
Kambil, Ajit and Heck, Eric Van, HBS Press, 2002
Central to all advanced economies, markets are transitioning froom place to space. But as the recent failures of prominent B2B markets have shown, they do not always do so smoothly. In this book the authors show how firms can use electronic markets strategically and make them work. Here they unveil their results of a 10-year long study of nearly 100 markets and argue that by the end of the decade, online exchanges and auctions will be an essential part of business. They explain why so many markets failed and show how to design and effectively use markets and auctions in the supply chain to connect with the customers, to manage risks, and within global firms to increase efficiency and find the best information. Through examples from eBay to BP and from the Dutch flower auctions to Dow Chemical, the authors reveal how both online and offline markets makers are rewriting the rules of commerce, identify the new rules of market making and show how companies can carry them off effectively.


The New Professionals: the rise of network marketing as the next major profession
King, Charles W. and Robinson, James W., Prima Communications Inc, 2000
Every year, thousands of men and women have established, lucrative careers to pursue new opportunities in the booming network marketing industry. This book examines the trend and studies how it is changing forever the face of multi-level marketing. The authors here introduce the readers to the new professionals who have overcome their initial scepticism to enthusiastically embrace the rewards of network marketing. He tells us about men and women who have exceeded the income and prestige of their previous careers by taking up network marketing as a career.

Marketing outrageously
Spoelstra, Joe, Bard press, 2001
If you are looking for ways to increase your sales by 50%, 75%, 100%, using predictable, bland marketing is not the way. This book on creative marketing strategies and motivation shows how considering market problems "outrageously" but consistently can benefit an organization, is instructive in its marketing ideas and stories of triumph. Here the author describes how in his own experience, a lack of adequate funds for marketing and advertising goals led to his "outrageous" approach. The book lays down "ground rules" of marketing, claiming that, for instance, each company must differentiate itself and that budget constraints need not prevent a company from doing its best work.


Total access: Giving customers what they want in an anytime, anywhere world
Chesbrough, Henry W., Smith, Edward, HBS Press, 2002
Dominated by hype and its functions increasingly automated by technology, marketing is losing control over its very reason for existing: to sustain customer relationships. The irony, says the book, is that even as technological advances are driving marketing into obscurity, technology is in fact marketing's only hope for regaining a prominent - even central place in today's organization. This bold and visionary book sets forth a new marketing paradigm in which machines and networks do most of the work. The obsessive emphasis on brand creation and customer manipulation gives way to a central focus on discovering individual customer preferences and integrating the people and tools to deliver them. The end goal: a networked marketing ecosystem aimed at providing a "persistent presence" to customers anytime, anywhere. To achieve this goal, the marketers must become IT-centred systems integrators who engage their entire business in the process of change. And leaders must embrace a new mindset in which marketing is everything and everyone's responsibility.








 
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