Market Challenger Strategies

Published by MBA Skool Team, Last Updated: January 22, 2018

What is Market Challenger Strategies?

Market Challenger Strategies, are marketing strategies adopted by companies to counter competition whee the motive of target of attack is success.

 

Following are the strategies:

• Frontal Attack: In this strategy, attacker’s matches its opponent’s price, advertising methods, price and distribution. The one which has better and more resources wins the market.

Examples: Pepsi v/s Coke, P&G v/s HUL, Hero motor corp. v/s Bajaj, Maruti V/s Hyundai

 

• Flank Attack: Make strategies in such a way that focuses on the weak part of the opponents. Attackers find that weaknesses and attack on the same to acquire more market.

Examples: Titan v/s Timex, Apple v/s Micromax, Hp v/s Dell

 

• Encirclement Attack: Launching a new product in the market that is very similar to the opponents to capture the wide area of market. Or doing a grand offensive of opponents in many fronts via blitz.

Examples: Fashion Industry.

 

• Bypass Attack: Attackers attack where opponents are not looking and by finding a new market segment.

Example: Colgate V/s P&G, Honda V/c Hero motor corp

 

• Price Discount: As buyers are price sensitive and the opponent does not cut the price, then this strategy helps a lot.

Example: Surf Excel v/x Ariel, LG v/s Videocon, PUMA v/s Koutons

 

• Cheaper Goods Strategy: In this strategy, the attackers attack by lowering the price as much as he can by little bit compromising with the quality.

Example: Cloth Industry, Food Industry

 

• Prestige Goods Quality: In this strategy, attackers attack by increasing the quality as well as price of the product.


 

This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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