1 Part Three: Market Segmentation Targeting & Psitioning ( Chapter8)
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Transcript of 1 Part Three: Market Segmentation Targeting & Psitioning ( Chapter8)
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Part Three:Market Segmentation
Targeting & Psitioning
Part Three:Market Segmentation
Targeting & Psitioning( Chapter8)( Chapter8)
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Market segmentation
1. Identify bases for segmenting the market .
2. Develop profiles ofresulting segments .
Market segmentation
1. Identify bases for segmenting the market .
2. Develop profiles ofresulting segments .
Market targeting
3.Develop measures of segment attractiveness.
4.Select the target segment(s).
Market targeting
3.Develop measures of segment attractiveness.
4.Select the target segment(s).
Market positioning
5. Develop positioningfor each target segment.
6.Develop marketing mix for each targetsegment.
Market positioning
5. Develop positioningfor each target segment.
6.Develop marketing mix for each targetsegment.
STP Strategies (P.239)
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Major Segmentation Variables for Consumer Markets (P.240)
•
Geographic
RegionCountry size
City size DensityClimate
Geographic
RegionCountry size
City size DensityClimate
Demographic
Age GenderLife cycle
Family size Income
OccupationEducation
…….
Demographic
Age GenderLife cycle
Family size Income
OccupationEducation
…….
Psychographic
Social classLifestyle
Personality
Psychographic
Social classLifestyle
Personality
Behavioral
Purchase occasionBenefits sought
User statusUsage rate
Loyalty status
Behavioral
Purchase occasionBenefits sought
User statusUsage rate
Loyalty status
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Major Segmentation Variables for Business Markets (P.249)
• DemographicIndustryCompany sizeLocation
DemographicIndustryCompany sizeLocation
Operating variablesTechnologyUser/nonuser statusCustomer capabilities
Operating variablesTechnologyUser/nonuser statusCustomer capabilities
Purchasing approachesPurchasing function organization.Power structure.Nature of existing relationships.General purchase policies.Purchasing criteria.
Purchasing approachesPurchasing function organization.Power structure.Nature of existing relationships.General purchase policies.Purchasing criteria.
Situational factorsUrgencySpecific applicationSize of order.
Situational factorsUrgencySpecific applicationSize of order.
Personal characteristicsBuyer-seller similarityAttitudes toward riskLoyalty.
Personal characteristicsBuyer-seller similarityAttitudes toward riskLoyalty.
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• The characteristics of market segments:(P.250)
• Measurable; ( 可测定性 )• Accessible; ( 可进入性 )• Substantial; ( 可获利性 )• Differentiable; ( 可区分性) • Actionable. ( 可操作性 )
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Target Marketing
• Evaluating Market Segments (P.251)
Segment Sizeand Growth
Segment Sizeand Growth
Segment StructuralAttractiveness
Segment StructuralAttractiveness
Company Objectivesand Resources
Company Objectivesand Resources
Target MarketsTarget Markets
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Target market (P.251)
Target market is a set of buyer sharing common needs or characteristics that the company decides to serve.
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Market Segmentation
Levels of market segmentation (P.252)
Massmarketing
Massmarketing
Segmentmarketing
Segmentmarketing
Nichemarketing
Nichemarketing
Micro-marketing
Micro-marketing
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Mass (Undifferentiated) marketing (无差异营销)
A market-coverage strategy in which a firm decides to ignore market segment differences and go after the whole market with one offer .
Segment (Differentiated) marketing (差异营销) A market-coverage strategy in which a firm dec
ides to target several market segments and designs
separate offers for each.
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Selecting Market-coverage strategies
Undifferentiated Marketing
Company marketing
mix
Company marketing
mixMarketMarket
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Selecting Market-coverage strategies
Differentiated Marketing
Company marketing mix1Company marketing mix1
Company marketing mix2Company marketing mix2
Company marketing mix3Company marketing mix3
Segment1Segment1
Segment2Segment2
Segment3Segment3
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Concentrated marketing (集中营销) A market-coverage strategy in which a fi
rm goes after a large share of one or a few market segments.
Niche marketing (缝隙营销) Focusing on sub-segments or niches with
distinctive traits that may seek a special combination of benefits.
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Selecting Market-coverage strategies
• Concentrated marketing
Company marketing
mix
Company marketing
mix
Segment1Segment1
Segment2Segment2
Segment3Segment3
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Micro-marketing (精细营销) The practice of tailoring products and marketin
g programs to suit the the tastes of specific individual and locations.(includes local marketing & individual marketing).
Individual-marketing (定制营销) Tailoring products and marketing programs to
the needs and preferences of individual customers.
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The Factors of Choosing a Market-Coverage Strategy (P.257)
• 1.Company resources; • 2.Product variability;• 3.Product’s stage in the life cycle • 4. Market variability ;• 5. Competitors’ marketing strategy.
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Market Positioning
• Product position (P.259)
The way the product is defined by consumers on important attributes ——the place the product occupies in consumers’ minds relative to competing products 。
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Choosing a positioning strategy (P.270)
Choosing the right
competitiveAdvantage
Choosing the right
competitiveAdvantage
Selecting anOverallPositionStrategy
Selecting anOverallPositionStrategy
Identifyingpossible CompetitiveAdvantage
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Competitive advantages
ProductDifferentiation
ProductDifferentiation
ServicesDifferentiation
ServicesDifferentiation
PersonnelDifferentiation
PersonnelDifferentiation
ImageDifferentiation
ImageDifferentiation
Channel Differentiation
Channel Differentiation
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Choosing the right competitive advantages
How many differences to promote ?How many differences to promote ?
Which differences to promote?
Important( 重要) Distinctive (特色) Superior( 领先)Communicable( 沟通) Preemptive( 独有)Affordable( 可购) Profitable( 有利)
Which differences to promote?
Important( 重要) Distinctive (特色) Superior( 领先)Communicable( 沟通) Preemptive( 独有)Affordable( 可购) Profitable( 有利)
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Selecting a overall positioning
strategy(P.263)
Value proposition:
The full positioning of a brand — the full mix of benefits upon which it is positioned.
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Possible value propositions( P.263)
More
for
more
More
for the
same
More
for
less
The same
for
less
Less for
much
less
More
More
The same
The same
Less
Less
Price
Benefits
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Positioning statement (P.265)
A statement that summarizes company or brand positioning – it takes this form:
To (target segment and need)
Our (brand)
Is (concept)
That (point-of-difference)
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Communicating & delivering the chosen position(P.267)
CompanyCompany Chosen positionChosen positionTarget
customer
Targetcustomer
Product, Price, Place, Promotion
Communicating
Delivering