Differentiation strategy: an easy way to make your business stand out in the market
DOI:
https://doi.org/10.58471/jecombi.v4i02.77Keywords:
Differentiation Strategy, Product Innovation, Quality, Honest Offers, Consumer PerceptionAbstract
In the context of increasingly fierce competition, companies are faced with the challenge of differentiating themselves from similar competitors. Differentiation strategy is considered an approach that can increase business attractiveness and create added value for customers. This research aims to investigate and analyze differentiation strategies as an effective method for making a business stand out in the market. This research uses a qualitative approach with descriptive methods. The results of this research show that a differentiation strategy, with a focus on product innovation, maintained quality, honest offers, and understanding consumer perceptions, is able to create significant added value. Innovation not only creates differences, but also provides solutions that are relevant to consumer needs, while product quality and honest offers are the basis for consumer trust. Deep understanding of consumer perceptions through smart promotions forms a strong emotional bond between consumers and products. Overall, differentiation strategy is the key to success in making a business stand out in a competitive market.
References
2. Carpenter, G. S., Glazer, R., & Nakamoto, K. (1994). Meaningful brands from meaningless differentiation: The dependence on irrelevant attributes. Journal of marketing research, 31(3), 339-350.
3. Dawar, N. (2013). When marketing is strategy. Harvard business review, 91(12), 100-108.
4. Donio', J., Massari, P., & Passiante, G. (2006). Customer satisfaction and loyalty in a digital environment: an empirical test. Journal of Consumer Marketing, 23(7), 445-457.
5. Fisher, R. J. (1991). Durable differentiation strategies for services. Journal of Services Marketing, 5(1), 19-28.
6. Gebauer, H. (2008). Identifying service strategies in product manufacturing companies by exploring environment–strategy configurations. Industrial marketing management, 37(3), 278-291.
7. Kapferer, J. N. (2008). The new strategic brand management: Creating and sustaining brand equity long term. Kogan Page Publishers.
8. Kotler, P. (1993). The major tasks of marketing management. Marketing Management, 2(3), 52.
9. Mudambi, S. M., Doyle, P., & Wong, V. (1997). An exploration of branding in industrial markets. Industrial marketing management, 26(5), 433-446
10. Porter, M. E. (1991). Towards a dynamic theory of strategy. Strategic management journal, 12(S2), 95-117.
11. Sanchez, R. (1995). Strategic flexibility in product competition. Strategic management journal, 16(S1), 135-159.
12. Semuel, H., Siagian, H., & Octavia, S. (2017). The effect of leadership and innovation on differentiation strategy and company performance. Procedia-Social and Behavioral Sciences, 237, 1152-1159.
13. Semuel, H., Siagian, H., & Octavia, S. (2017). The effect of leadership and innovation on differentiation strategy and company performance. Procedia-Social and Behavioral Sciences, 237, 1152-1159.
14. Sharp, B., & Dawes, J. (2001). What is differentiation and how does it work?. Journal of Marketing Management, 17(7-8), 739-759.
15. Spencer, X., Joiner, T. A., & Salmon, S. (2009). Differentiation Strategy, Performance Measurement Systems and Organizational Performance: Evidence from Australia. International Journal of Business, 14(1).
16. Spitzeck, H., & Chapman, S. (2012). Creating shared value as a differentiation strategy–the example of BASF in Brazil. Corporate Governance: The international journal of business in society, 12(4), 499-513.
17. Suharto, S. (2020). the Effect of Organizational Culture, Leadership Style, Whistleblowing Systems, and Know Your Employee on Fraud Prevention in Sharia Banking. Asia Pacific Fraud Journal, 5(1), 108-117.
18. Teece, D. J. (2010). Business models, business strategy and innovation. Long range planning, 43(2-3), 172-194.Ulaga, W., & Reinartz, W. J. (2011). Hybrid offerings: How manufacturing firms combine goods and services successfully. Journal of marketing, 75(6), 5-23.
20. Valipour, H., Birjandi, H., & Honarbakhsh, S. (2012). The effects of cost leadership strategy and product differentiation strategy on the performance of firms. Journal of Asian Business Strategy, 2(1), 14-23.
21. Yulianah, S. E. (2022). Metodelogi Penelitian Sosial. CV Rey Media Grafika.
22. Zaichkowsky, J. L. (2010). Strategies for distinctive brands. Journal of Brand Management, 17, 548-560.
23. Ze, Y., Abbas, H., Hussain, T., & Jiao, H. (2018). Analyzing the differentiation strategies of big companies competing with each other. Strategic Management, 23(3), 25-37.









