The positioning brings focus and clarity to the development of marketing strategy and tactics Every decision that is made regarding the brand should be.

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Presentation transcript:

The positioning brings focus and clarity to the development of marketing strategy and tactics Every decision that is made regarding the brand should be judged by how well it supports the positioning Website/ Collateral/Detail Aids Brand Positioning Market Development Advertising and Public Relations Customer Service Co-Branding/ Partnerships Sales Force Planning and Messaging Product Name and Identity Strategic Role (within Portfolio) Positioning is developed as an internal statement of strategy to guide external implementation

Strategic positioning defined Positioning defined –A positioning is the conceptual place you want to own in the target consumer’s mind — the benefits you want them to think of when they think of your brand Successful brands and businesses must: –Be relevant to consumers –Be unique versus the competition –Be credible and attainable Consumer Relevancy Competitive Differentiation Product B Product C Product A Motivational Power Profit Margin = EquiBrand’s brand development process uses “whiteboard” concepts to obtain customer insight and optimize the positioning

Four components need to be considered in determining and effective positioning Positioning statement deconstructed Each positioning component offers strategic choices Category Frame of Reference Definition of Target Markets Key Benefit(s) Delivered Reasons-to-Believe (Proof points) To (target audience) Product X is the only (frame of reference) that (benefits delivered) because (reasons to believe) Who is the brand being built for (i.e., the center of the bulls eye)? What is the competitive context? What should the product category be called? What benefits should the brand stand for and deliver on? What are the reasons- to-believe the positioning?

There are at least four ways to position a brand Four Alternative Positioning Strategies Position and own the category benefit  Volvo: Safety  Miller Lite: Great taste, less filling  Disney: Magic Position the product and the consumer –U.S. Army: Be all you can be –Budweiser: For all you do, this Bud’s for you –Pepsi generation Position how the company does business –Burger King: Have it your way –The friendly skies of United –WalMart: Always the lowest price Position against the competition –Avis: We’re #2. We try harder –Seven-Up: The Un-cola –Apple: Think different Each of these strategies should be considered in positioning development

A perceptual map can be useful in demonstrating the brand’s position relative to key competitors Perceptual mapping can be developed qualitatively (based on business judgment) or by using quantitative brand research Dimension #1 High Dimension #2 High Low Your Brand