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CMO's The 'Counterinsurgency' Field Manual Should Be on Your Reading List

Because Domino’s countered a social-media gaffe with an organizational strategic change, it fought insurgency to the benefit of its customers and its bottom line.

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Marketing executives often look to books written by military strategists when it comes to describing how to win in the marketplace. It’s a rare CMO who has not heard of Sun Tzu’s “The Art of War” or Karl von Clausewitz’s “On War” and quotes from these authors often are used to rally the marketing team in the face of tough competition. But military warfare has changed considerably since those works were written.

Don’t rely on conventional weapons to fight insurgents.

“Capabilities required for conventional success . . . may be of limited utility or even counterproductive in [counterinsurgency] operations.”

After two restaurant employees posted a damaging video online in April 2009, Domino’s could have tried to shut down all employees’ use of social media. Instead, during its busiest sales season in December 2009, it launched a reformulated pizza recipe and marketing campaign — fueled primarily by social media, including feeds sharing what consumers thought of the new pizza. A video documentary, “The Pizza Turnaround,” starring Domino’s employees, was featured prominently on its website and in aggressive media outreach efforts. By mid-2011, the campaign proved to yield sales increases for Domino’s that significantly exceeded those of its major competitors. Because Domino’s countered a social-media gaffe with an organizational strategic change, it fought insurgency to the benefit of its customers and its bottom line.

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http://adage.com/article/cmo-strategy/marketers-read-counterinsurgency-field-manual/229596/

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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