| The Chartered Institute
of Marketing Canon of Knowledge series |
|
The Chartered Institute of Marketing (CIM),
the world's largest professional body for marketing, commissioned
Keith Boyfield to write a series of studies demonstrating the
uses of marketing in promoting international competitiveness.
This original research was commissioned
as part of the CIM's Canons of Knowledge initiative, which aims
to cover every major aspect of marketing, and, in the process,
create an encyclopaedia of knowledge, tools and information.
The first study in this series examined
the rapid transformation of UK utilities markets, highlighting
the advent of the multi-utility concept, whereby statutory state-owned
monopolies have developed into global companies operating in a
wide range of liberalised markets.
The study was based on in-depth interviews
with the senior management of three utilities - Centrica, PowerGen
and ScottishPower. In drawing together the themes of the research,
the study warned that UK utilities were becoming increasingly
vulnerable to takeover by overseas companies. The most obvious
threat came from French and German monopolies, whose own domestic
markets continue to be shielded from new entry.
Utility Week devoted its lead editorial
to the report and commented:
"More food for thought on the future
of the multi-utility comes this week from economist Keith Boyfield
in his report the Chartered Institute of Marketing, Transformation
in the Utilities Market."
The
Impact of No Frills Carriers on the European Airline Market
The second volume in the series focused
on the impact of no frills carriers on the European scheduled
airline market, a study made all the more topical by the rapid
changes within the airline sector following the World Trade Center
atrocity on 11 September.
The study was based on interviews with
the management of no frills carriers and mainstream national flag
carriers. Research for the report also involved interviewing industry
experts and City analysts.
The report demonstrates how no frills carriers
have successfully identified a new market for scheduled airline
services, following liberalisation in 1997. In entering and developing
the no frills segment of the market, new entrants such as Ryanair
and easyJet have employed highly skilful and innovative marketing
to develop an attractive product never previously available.
In the wake of the terrorist attacks of
11 September the study explained how no frills carriers had adopted
a successful marketing response, attracting more passengers while
traditional national flag carriers struggled to avert bankruptcy
. The report sets out recommendations to reform the EU airline
market, so that supply met demand for air travel.
As a curtain raiser to publication of the
report, Keith Boyfield was asked to contribute a feature article
to the editorial pages of the Wall Street Journal , explaining
the "secret behind the success of the low-price, low-cost
airline model".
"Keith Boyfield's work was instrumental
in supporting CIM's key objective of building a body of work to
support the marketing profession. He has contributed to the growing
body of evidence that marketing is critical to competitiveness.
In particular, his work on Utilities and Low Cost Airlines has
shown the important link between marketing and effective deregulation."
John Stubbs, Chief Executive of the Chartered Institute
of Marketing.