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Published byLily Nichols Modified over 8 years ago
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It is the process of selecting specific market segments on which to concentrate the marketing effort. This requires the analysis of 4 aspects present in each market segment which are 1. The market 2. The company 3. The competition 4. The customer
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In other words dose the company want to pressure this segment,dose it have the resources to create a sustainable competitive advantage. After analyzing these critical aspects a segment attractiveness study is performed Different market segments are compared to each other. Then targeting should focus on segments of high importance & high chance of success
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The analyzed segments may be ranked according to 1. Superiority 2. Equivalence 3. Inferiority With focusing on the first two
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It is the act of designing the company’s offer so that it occupies a distinct &valued place in the mind of the target customers It is the process of adjusting and presenting a product in a way so that it is the most attractive option for the customer
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The sum of mental connections between the consumer and a) Features b) Feelings c) Price & value d) Problems that can be solves e) Use f) Competition promised with the offering
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A good product positioning achieves 1. The creation of a unique selling proposition when matching the core and augmented product features to get the ideal combination 2. This combination must fit the company’s overall strategy.
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Positioning errors 1. Positioning in a crowded segment 2. Positioning on an unimportant attribute 3. Inflexible positioning In this case a careful repositioning is necessary
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Any name term sign symbol or design or a combination, intended to identify goods or services of one seller and to differentiate them from those of the competition
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It is the selection of positive promotional statement as well as negative statements that are used in support of the chosen targeting and positioning strategies.
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