The growth of the multicultural population has made it one of the most sought-after market segments of the past three decades. With its buying power now topping $3.5 Trillion, it's easy to see why.
However, for many companies already targeting this lucrative market segment and for those who are considering it, success is not always guaranteed. Even companies with a reputation for well-planned and implemented programs often fail to approach this market as a value building business proposition. In part, current day political rhetoric is hitting up against how or if to cater to multicultural consumerism. That said, the tug of war between wanting the growth this market represents and committing the required resources to achieve it continues. Companies are literally standing in the way of their own success.
In her new book, The $3.5 Trillion Advantage - A Marketer's Guide to Revenue Growth in Today's America, Soto seeks to accomplish three important goals. 1. Dramatically improve organizations' business condition by raising consciousness of what's working and what isn't as companies set out to enter new markets in the U.S., 2. Reinforce that entering any new market to grow revenue is serious business and requires a methodical and integrated management approach and 3. Convey that proven strategies, business models, principles, methods and approaches companies currently employ don't need to change, but they do need to be carefully optimized for increased relevancy in new markets.
The $3.5 Trillion Advantage exposes the longstanding and lingering dysfunction existing in multicultural marketing. Soto holds a mirror to what marketers are doing well and not so well using archetypes -- Deniers, Dabblers,and Committed -- and then shifts to a wealth of insights and winning methods with examples from some of Soto's most successful corporate clients. "My book could not be timelier given the current political and ideological climate the nation is undergoing. We will soon undergo the 2020 Census which will no doubt further reinforce the urgency and need for the re-visioning and actions I advocate," Soto declares. This book is an important management resource for new and experienced executives charged with driving top line growth for their organizations. Buy it. Read it. Use it.
"synopsis" may belong to another edition of this title.
Terry Soto is an executive adviser, author and speaker and is one of the country's foremost experts on strategy expansion and business development in new markets.
For the last 18 years, Fortune 500 companies like Coca Cola, Citibank, Disney, ALDI, Verizon Wireless, Walgreens, AutoZone, H&R Block and many others have sought her advice on how to relevantly expand their strategies to grow revenue and gain competitive advantage in multicultural markets.
Soto is the author of the just released book, The $3.5 Trillion Advantage - A Marketer's Guide to Growing Revenue in Today's America and Marketing to Hispanics -- A Strategic Approach to Assessing and Planning Your Initiative. She is also a sought-after contributor to U.S. and international business and trade media.
In addition to her extensive public speaking to executive groups across the country, Soto regularly lectures to graduate students on revenue growth strategies at Pepperdine University where she earned her MBA.
Soto is herself an immigrant from Ecuador and grew up in Los Angeles where she currently resides.
"About this title" may belong to another edition of this title.
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Advising Fortune 500 companieson how to successfully expand and implement their strategies in multicultural markets with appreciation and relevance, has been the focus of Soto's advisory work for over twenty-five years. In The $3.5 Trillion Advantage - A Marketer's Guide to Growing Revenue in Today's America, Soto seeks to accomplish three important goals. 1. Help companies understand that today's America's has changed dramatically. Demographics have shifted significantly and will continue to shift. Through astonishing demographics and economic data which places the buying power of U.S. multicultural markets at an astonishing $3.5 Trillion, Soto helps marketers see the logic in looking for growth in young and growing markets in the U.S. and in organizing to attain a position of competitive advantage in the country's multicultural market. 2. Illustrate how current methods of targeting multicultural markets are not working to companies' best advantage. Not surprisingly, they are also not working to the advantage of the executives assigned to manage multicultural work, or to the advantage of agencies to which the work is assigned, and least of all to the advantage of multicultural consumers who continue to experience irrelevant and frictionfull customer purchase journeys 3. Propose that targeting multicultural markets in the U.S. is due for a significant overhaul and mind shift. Companies need to move away from sporadic and arbitrary tactical approaches and move beyond simply advertising to full board strategy expansion planning complete with consumer relevant and integrated implementation across the organization -- much like a regional or even an international market expansion. Soto illustrates and diagnoses the challenges corporate stakeholders continue to face using archetypes - 'Deniers,' 'Dabblers' and 'Committed,' and then shifts to a wealth of insights and winning methods with examples and best practices from some of her most successful corporate clients. Seller Inventory # 9781984567154
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