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Marketing Places - Attracting Investment, Industry, and Tourism to Cities, States, and Nations (Paperback)
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Marketing Places - Attracting Investment, Industry, and Tourism to Cities, States, and Nations (Paperback)
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Today's headlines report cities going bankrupt, states running
large deficits, and nations stuck in high debt and stagnation.
Philip Kotler argues that thousands of "places" - cities, states,
and nations - are in crisis, and can no longer rely on national
industrial policies, such as federal matching funds, as a promise
of jobs and protection. The authors show that places must, like any
market-driven business, become attractive "products" by improving
their industrial base and communicating their special qualities
more effectively to their target markets. From studies of cities
and nations throughout the world, Kotler offer a systematic
analysis of why so many places have fallen on hard times, and make
recommendations on what can be done to revitalize a place's
economy. He shows how "place wars" - battles for Japanese
factories, government projects, Olympic Games, baseball team
franchises, convention business, and other economic prizes - are
often misguided and end in wasted money and effort.The hidden key
to vigorous economic development, the author argues, is strategic
marketing of places by rebuilding infrastructure, creating a
skilled labour force, stimulating local business entrepreneurship
and expansion, developing strong public/private partnerships,
identifying and attracting "place compatible" companies and
industries, creating distinctive local attractions, building a
service-friendly culture, and promoting these advantages
effectively. Strategic marketing of places requires a deep
understanding of how "place buyers" - tourists, new residents,
factories, corporate headquarters, investors - make their place
decisions. With this understanding, "place sellers" - economic
development agencies, tourist promotion agencies, mayor's offices -
can take the necessary steps to compete aggressively for place
buyers.
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