Targeting Slide 1 Undifferentiated marketing - Sometimes referred to as mass marketing the firm may decide to aim its resources at the entire market with.

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Presentation transcript:

Targeting Slide 1 Undifferentiated marketing - Sometimes referred to as mass marketing the firm may decide to aim its resources at the entire market with one particular product. Coca Colas original marketing strategy was based on this form. One product aimed at the mass market in the hope that a sufficient amount of buyers would be attracted. One ProductEntire Market Undifferentiated marketing

Targeting Slide 2 Differentiated marketing strategy - Where the firm decides to target several segments and develops distinct products/services with separate marketing mix strategies aimed at the varying groups. An example of this would be airline companies offering first (segment 1), business (segment 2) or economy class tickets (segment 3), with separate marketing programmes to attract the different groups. Company Segment 1 Differentiated marketing Segment 2 Segment 3

Targeting Slide 3 Concentrated Marketing: Where the organisation concentrates its marketing effort on one particular segment. The firm will develop a product that caters for the needs of that particular group. For example Rolls Royce cars aim its vehicles at the premium segment, same as Harrods within the UK. Company Segment 1 Concentrated marketing Segment 2 Segment 3