• All marketing strategies are build on STP. • Positioning is the act of desiging a company’s offering and image to occupy a distinctive place in the mind of the target market. • The real trick in positioning is to strike just the right balance between what the brand is and what it could be • Positioning requires the marketers define and communicate similarities and differences between their brands and competitors • Specifically deciding on a positioning requires • Determining the frame of reference by identifying the target market and relevant competition • Identifying point of parity and difeerence • Creating a brand mantra • Positioning of uniliver life buoy. Has chapioned the message of health trough hygeine for more than a century 1. Determining the competitive frame of reference • It defines which other brand a brand competes with and therefore which brand should be the focus of competitive analysis. • The decision about competitive frame of reference is closely associated with target market , identifying competitors and analyzing competitors • Identifying competitors: • A good starting point in defining a competitive frame of references is category membership. Its after target market decision • Category membership : the products or set of products with which a brand competes and which function as close substitute. • Pepsi and coca cola. : • Question : who are the competitors? • Analyzing competitirs • Swot analysis 2. Identifying optimal point of parity and difference • Point of differences: are attributes and benefits that consumers strongly associate with a brand and believe they could not find to the same extent with a competitive brand. • are the attributes that make your brand unique. It is your competitive advantage. It is what your brand slogan should reflect. • Apple : design, ease of use. • Points of parity are those elements that are considered mandatory for a brand to be considered a legitimate competitor in its specific category. It is what makes consumer consider your brand, along with your competitors. So before you work on identifying your competitive advantage, you want to make sure you identify what it takes to be a player in your category, and have all these points covered. • will use a personal example to illustrate this concept. • I am currently in the market for a new car for my growing family. When comparing various offers, I consider the following aspects of buying and owning a car points of parity: • – a showroom located within reasonable proximity, where I can see the models • -a demo model that I can test-drive • -a 3 year comprehensive warranty • -available financing • I am not considering any car brand that is not able to meet these four criteria. Those elements will not bring any benefit to a brand if advertised because the consumer considers them as a given. (Nobody expects to buy a car with less than 3-year warranty). • On the other hand you cannot launch a new brand without making sure you meet the points of parity. Choosing POD and POP • For choosing specific benefits as POD and POP to position a brand perceptual maps may be useful • Perceptual maps are visual representation of consumer perceptions and preferences Brand mantra • Are short three to five word phrases that capture the spirit of the brand postioning • These are powerful devices • They can provide guidance about what products to introduce under the brand • What ad campaigns to run • And where and how to sell the brand • Brand mantras are typically designed to capture the brand’s point of difference that is what is unique in the brand.