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Process.
Presentation Outline
• Marketing and Promotion Process Model.
• Marketing Strategy and Analysis.
• The Target Marketing Process.
• Market Positioning.
• Developing a Positioning Strategy.
• Developing Promotional Strategy: Push or
Pull?
Marketing & Promotion Process Model
Target
Opportunity Competitive
Market
Analysis Analysis
Selection
Target Market Selection
Identifying
markets with Selecting a
unfulfilled market to
needs target
Determining Positioning
market through
segmentation marketing
strategies
Identifying Markets
• Target Market Identification isolates
consumes with similar lifestyle, needs, and
likes.
• Geographic segmentation
• markets are divided into different geographic units.
These units may include nations, cities, or even
neighborhoods.
Bases for segmentation
• Psychographic Segmentation
• Divides the market on the basis of human personality and
lifestyle.
• Lifestyle is a person’s pattern of living and how they interact in
the world. Example: healthy lifestyle, trendy lifestyle,
adventurous lifestyle.
• User status: non-users, ex-users, potential users, first time users, regular
users. Blood bank (regular donors, first-time donors, ex donors).
• Usage Rate: light user, medium user, heavy user. Industrial marketers
refer to the 80-20 rule, meaning 20% of their buyers account for 80% of
their sales volume.
• Loyalty status: low, high (example Apple diehards). How likely are they
to switch brands? Will Pepsodent toothpaste users shift to Magic
toothpaste if launched?