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CHAPTER 7 CUSTOMER DRIVEN MARKETING STRATEGY
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Create Value Segmentation Targeting Differentiation Positioning
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Segmentation Bases Geographic: Global, Regional, Multinational,
Local Urban Suburban Rural
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Demographic Age Gender Family Size Income Occupation Education
Religion Nationality
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Psychographic Focus on VALS
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Behavioral Occasions Benefits User Status Usage Rate
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Requirements for Effective Segmentation
Measurable Accessible Substantial Differentiable Actionable
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Market Targeting Undifferentiated (Mass) Marketing
Differentiated (Segmented) Marketing Concentrated (Niche) Marketing Micromarketing (Iocal or individual marketing)
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Differentiation Product Service Channels People Image
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Value Propositions More for More More for the same More for less
The same for less Less for much less
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