Most managers invest their time and energy in trying to make their firms better, when in fact they should also be working to make their firms different. From Positioning for Professionals
Why are some professional service firms so much more successful than their competitors? The difference isn t just talent, but focus. The best firms know that standing for everything is the same as standing for nothing. Instead of trying to be good at everything, they do what they do best and find resources for the rest.
Destined to become the positioning strategy companion you ll turn to again and again, Positioning for Professionals offers executives of professional service firms proven strategies for positioning their firms for maximum success in the marketplace.
Drawn from his decades of work in the advertising and marketing fields, thought leader Tim Williams helps you develop a differentiating value proposition with valuable insights on:
- Why it s better to be a profit leader than a market leader
- How to overcome your natural fear of focus
- Making your firm hard to imitate
- Out–of–the–ordinary ways to differentiate your firm from the "sea of sameness"
- Why every company is a brand, like it or not
- and why every single business decision you make affects the success and reputation of your brand
It s no coincidence that a handful of top firms keep winning the most business, attract the best talent, and earn the highest margins. They re the ones that have staked out a differentiating positioning strategy that capitalizes on their strengths. Rather than being mildly appealing to a broad group of prospects, they re intensely appealing to a select group of prospects. They re the firms that follow the valuable principles you ll find in this book.
Get Positioning for Professionals today and put its winning ideas to work for your firm.
Chapter 1 Size Is Not a Strategy.
Maintaining Pricing Integrity.
Better to Be a Profit Leader than a Market Leader.
Why Bigness Doesn t Lead to Greatness.
Hired to Be Effective, Not Efficient.
Chapter 2 How and Why Brands Become Homogenized.
The Urge to Copy.
The Folly of All–In–One.
Line Extension Is Not Branding.
There s No Such Thing as Full Service.
The Natural Fear of Focus
Chapter 3 The Mature Company s Identity Crisis.
Differentiation and Price Premiums.
Columbus, Not Napoleon.
The Diffusion of Identity.
Landing in No–Man s Land.
Strategy at the Edges.
Not Best Practices, but Next Practices.
Chapter 4 Expanding Business by Narrowing Focus.
There s No Such Thing as a General Market.
Vertical Success versus Horizontal Success.
The Strategic Value of Going Deep.
Chapter 5 Positioning as the Centerpiece of Business Strategy.
What Are You Really Selling?
Becoming Hard to Imitate.
Two Critical Dimensions of an Effective Value Proposition.
A Category of One.
A Brand Is the Customer s Idea of the Product.
Natural Outcomes of a Powerful Value Proposition.
Chapter 6 Building Brand Boundaries.
Brand Boundary 1: Calling.
Brand Boundary 2: Customers.
Brand Boundary 3: Competencies.
Brand Boundary 4: Culture.
The Confluence of Calling, Customers, Competencies, and Culture.
Chapter 7 Validating the Value Proposition.
Be Rooted in the Future, Not the Past.
The Value Proposition Team.
Asking the Right Questions.
Chapter 8 Without Execution, There Is No Strategy.
Executing a Positioning Strategy with Alignment Teams.
Rebuilding Your Ship While at Sea.
Chapter 9 Getting Paid for Creating Value.
The Perils of Cost–Based Compensation.
Changing the Language.
Pricing as a Core Competency.
Why a Value–Based Approach is in the Client s Best Interest.
The Alignment of Incentives.
Creating a Virtuous Circle.
Chapter 10 A New and Better Way to Price Professional Services.
Forms of Value–Based Pricing.
The Right Clients for Outcome–Based Agreements.
The True Meaning of Partnership.
Uncovering Missed Opportunities to Make Pricing a Core Competency.
Key Questions in Setting a Value–Based Price.
If Complex Global Companies Can Do It, So Can You.
Better Time Tracking Is Not the Answer.
Thinking of Compensation Plans as a Stock Portfolio.
Setting the Stage for a Value–Based Approach to Compensation.
A Declaration of Value.
Appendix A: The Before–and–After Survey.
Appendix B: More Ways to Differentiate Your Brand.
Appendix C: Indicators of the Firm s Success.
About the Author.