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Situation Analysis SWOT Analysis Segmentation & Target Marketing Positioning Elizabeth Taylor Quilliam October 22, 2007
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Company: Navway Competition Customer Community
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Social, cultural, and economic influences Determinations of the future Changes in technology Demographic trends Community
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Consumer needs and decision-making process Demographic, psychographic profiles Target markets: To segment or not to segment Targeting specific segments Positioning Customer
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What is an industry? Products Types of customers Geography Stage in the production-distribution pipeline Competitive rivalry Threat of new entrants Bargaining power of customers and suppliers Threat of substitute products/services Competition
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Need to consider: Number Relative size Competitive prowess Competition
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Physical resources Financial resources Human resources Organizational resources Other considerations – legal, regulatory Company- Navway
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Company: Navway Community Customer Competition
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Segmenting: Segmenting: grouping customers or prospects according to common characteristics, needs, wants or desires Targeting: Targeting: analyzing, evaluating and prioritizing the market segments deemed most profitable to pursue Positioning: Positioning: the standing of a brand in comparison with its competitors in the minds of customers, prospects, and other stakeholders Customer
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Identify needs (benefits) of individual consumers Group consumers into homogeneous subgroups based on their needs profile Identify factors related to these subgroups Select target markets Develop position for product within selected subgroups
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Sufficient size and market potential Is it worth it? Measurability of market potential Can we measure the difference? Reachability or accessibility Can we reach them? Differences in market response Will they buy in different ways? Durability Will the difference last long enough to be profitable?
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Geographic Demographic Psychographic Behavioral
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- Age - Education - Gender - Religion - Family size - Race - Family life cycle - Nationality - Income - Social class - Occupation
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Lifestyles Attitudes, Interests, and Opinions (AIO) Product specific Generalized People taking control of their circumstances Approaching an action Making judgments about information Demographic clues to lifestyles Personality Levels of optimism, intellectual ability, etc.
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Definition Location of brand in consumer’s mind Selection of category in which the brand competes and the basis on which it differentiates itself Means of linking brand to the product category and either the user or the attribute/ benefit Directs entire marketing mix
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Attribute Price and quality Use or application (occasion) Product user Product class Competitor
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Identify relevant competitors Measure consumer perceptions Determine competitor positions (map) Two dimensions: Emotional and rational
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Identify relevant competitors Measure consumer perceptions Determine competitor positions (map) Two dimensions: Emotional and rational Analyze consumer needs Is there an available opening? Select desired positioning for your brand Implement program to support the positioning Monitor consumer perceptions of the positioning
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And now … strategic focus
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