SlideShare a Scribd company logo
WEEK 6
MKT 365
TOPICS
• Positioning statements for value
• Understanding the role of
wants/needs, features and benefits
in creating value
10 STEPS
1. Conceptualize
2. Situational Analysis
3. Target Audience
4. Behavioral objectives and
goals
5. Barriers, Benefits and
Competition
6. Positioning Statement
7. Marketing Mix (4 p’s)
8. Monitoring and Evaluating
9. Budget
10.Implementation
STEP 6: POSITIONING
• Positioning is all about making the
targeted behavior appear attractive or
better than the alternative/competition
• Best way: Value-centered
• What is value?
• What is value
generally: How do
most people
define/perceive
value?
• How do marketing
professionals
define/perceive
value?
• Take 10 minutes with
your group to come
up with a definition
of value. Write it on
the blackboard.
DEFINE VALUE
VALUE
Value is the customer’s perception of the difference between
benefits of an offering and the costs. It can be measured like
this:
Value=Benefits-Costs
It is also the the measure of how much an offering is capable
of meeting a customer’s stated needs with features that
provide unique benefits. It can be measured like this:
Value=Needs+Benefits/Features
CRITICAL TO VALUE IS THE NOTION
THAT FEATURES PROVIDE BENEFIT
THAT MEET NEEDS
• What features’ benefits
come from this offering?
• Is the provider uniquely
capable of delivering
those features’ benefits?
• Do the benefits match the
target audience’s needs?
• Value is created when
target audience needs
(wants are just weaker
needs) are met by (ideally)
a unique benefit.
• Why unique?
• Focused on the
customer and their
needs
• Gives customers a
specific reason to act
normally in a way that is
premised upon self-
interest even if that self-
interest is social good
• Gives customers a
reason to choose an
offering over the
competition
• Customer is of primary
importance, not
features, price or
product
THE BEST MARKETING IS
BENEFIT DRIVEN
NEEDS ARE MET BY BENEFITS AND
FEATURES AND DIRECTED TO TARGET
AUDIENCES (NOT EVERYONE!)
NEED
• Utility/purpose
• Psychological/psy
chographic
• Social and/or
individual
FEATURE/BENEFIT
• Feature works in a
certain way
• Feature provokes
a specific feeling
• Feature provides
a shared good
instead of, or in
addition to. an
individual one
BENEFITS CAN BE
IMPLIED OR REAL
IMPLIED
• Symbolic
• Representative
• Idealized
• Figurative
REAL
• Concrete
• Specific
• Articulated
• Literal
• Feature?
• Benefit?
• And to
whom is it a
benefit
directed?
• Their need?
• Value?
EXAMPLE 1
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 2
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 3
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 4
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 5
• Feature?
• Benefit?
• Target Audience?
• Need?
• Value
EXAMPLE 6
• Feature?
• Benefit?
• Target
audience?
• Need
• Value?
EXAMPLE 7
• Feature?
• Benefit?
• Target audience?
• Need?
• Value?
EXAMPLE 8
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 9
• Feature?
• Benefit?
• Target
Audience?
• Need?
• Value?
EXAMPLE 10
• Feature?
• Benefit?
• Target
audience?
• Need?
• Value?
EXAMPLE 11
• Feature?
• Benefit?
• Target audience?
• Need?
• Value?
• Can every
product, concept or
service have value?
• What about when it
is unknown
(diffusion of
innovation model?)
EXAMPLE 12
• What are the needs/
benefits? Take 15
minutes…
• Choose three brands
you
like/use/respect/admire
• Can you identify three
compelling benefits
based upon needs that
come from the brands’
products/features that
shape your
perception?
• Think beyond features
or specific products to
benefits that meet
needs of you as a
consumer
BENEFITS ARE KEY!
HOW IS VALUE CONVEYED?
STRATEGICALLY?
• Positioning
• Value propositions/statements
VALUE
PROPOSITIONS/STATEMENTS/
POSITIONING
Steps:
1. Know the customer (NEEDS)
2. Know the product/service or idea
(FEATURES)
3. Why would the customer choose the
product/service or idea (BENEFITS)
4. Combine features and benefits with
needs in a concise, direct statement
EXAMPLE
• Categories/groups
• Three main groups:
• All benefits
• Favorable points of interest
• Resonating focus
• Lowe’s “Never stop improving”
• Why? Answer from Lowe’s CEO
• In social marketing needs
are based upon behaviors
which in turn are based
upon societal
needs/wants and
premised upon overall
social good
• Benefits are positioned
the same way (as well as
individually focused)
• In community based
social marketing the
needs of the community
and the benefit of the
community is of primary
importance
• Needs and benefits must
strengthen/build
communities
WHAT DOES THIS LOOK LIKE IN
SOCIAL MARKETING?
• Pretty much the
same! Value is
derived from
benefits
• Positioning
becomes a little
more complex
since it can be
based upon
behavior, barrier
s and benefits
BEYOND THE OBVIOUS
BIG DIFFERENCE…
• Useful but limited to
increasing
awareness
• No inherent value
• Example: 311 for
carry-ons
BEHAVIOR FOCUSED
POSITIONING
• Helps overcome
fears or disinterest
or misperceptions
about time involved
but limited;
Again, no inherent
value!
• Example: Recycling
as easy as 1,2, 3
BARRIERS FOCUSED
POSITIONING
• Strongest
• Value implied by
benefits (social
and/or individual)
• Basis for value
propositions
BENEFITS FOCUSED
POSITIONING
• Think of the
behavioral change
needs related to
ending childhood
obesity
• List three benefits of
ending childhood
obesity
• Thinking about those
benefits, craft a value
statement/positionin
g statement for
parents to change
their behaviors
CREATE ONE!
• Think about the negative
behaviors related to gun
violence (failure to lock
guns, using large ammo
clips, no background
checks at gun shows etc.)
• What are the benefits to
changing behaviors?
• Craft a value statement
related to reducing gun
violence
CREATE ANOTHER
• Behaviors
needed to
change texting
and driving?
• Benefits of that
change?
• Value statement
ONE MORE!
10 STEPS
1. Conceptualize
2. Situational Analysis
3. Target Audience
4. Behavioral objectives and
goals
5. Barriers, Benefits and
Competition
6. Positioning Statement
7. Marketing Mix (4 p’s)
8. Monitoring and Evaluating
9. Budget
10.Implementation
NEXT WEEK (WEEK 7)…
SOCIAL MARKETING MIX
• Product (Chapter 10)
• Price (Chapter 11)
• Place (Chapter 12)
• Community Analysis
Presentations! Identify needs as
part of your analysis…
REST OF THE
QUARTER
• Week 8: Community base social marketing mix: Promotion
(Chapters 13 & 14)
• Week 9: Managing community based social marketing
plans including monitoring and
evaluating, budgeting, implementation plans (Chapters
15, 16 & 17)
• Week 10: Community based social marketing plans and
presentations
• Finals week: Final exam on chapters 9-17 (50 multiple
choice questions, open book, collaborative etc)

More Related Content

Similar to MKT 365 Week 6

Michael T2
Michael T2Michael T2
Michael T2
Comm202
 
Tourism branding
Tourism brandingTourism branding
Tourism branding
RajeshKumar196125
 
The 5 most important questions
The 5 most important questionsThe 5 most important questions
The 5 most important questions
Allan Elder
 
Library Strategies Workshop
Library Strategies WorkshopLibrary Strategies Workshop
Library Strategies Workshop
Nicholas Poole
 
Library Strategies Workshop
Library Strategies WorkshopLibrary Strategies Workshop
Library Strategies Workshop
CILIP
 
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
CILIP ARLG
 
How Do You Like Your Eggs in the Morning: UCR Conference 2012
How Do You Like Your Eggs in the Morning: UCR Conference 2012How Do You Like Your Eggs in the Morning: UCR Conference 2012
How Do You Like Your Eggs in the Morning: UCR Conference 2012
University Library Services University of Sunderland
 
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
University Library Services University of Sunderland
 
Mkt365week4
Mkt365week4Mkt365week4
Mkt365week4
Michael Germano
 
Successful Startup in Three Words
Successful Startup in Three WordsSuccessful Startup in Three Words
Successful Startup in Three Words
Patrick Henry
 
Smg conference presentation
Smg conference presentationSmg conference presentation
Smg conference presentation
Mark Williams
 
Leadership principles and practices
Leadership principles and practicesLeadership principles and practices
Leadership principles and practices
Charles Cotter, PhD
 
Essential tips & effective tactics for social media & quality content marketing
Essential tips & effective tactics for social media & quality content marketingEssential tips & effective tactics for social media & quality content marketing
Essential tips & effective tactics for social media & quality content marketing
Adashmore Creative, LLC
 
Increasing Employee Engagement Through Connection and Coaching
Increasing Employee Engagement Through Connection and CoachingIncreasing Employee Engagement Through Connection and Coaching
Increasing Employee Engagement Through Connection and Coaching
Aggregage
 
2 sales as a career
2 sales as a career2 sales as a career
2 sales as a career
Arun E
 
Hsbc case study: The Role That Personality and Motivation Play in Consumer Be...
Hsbc case study: The Role That Personalityand Motivation Play in Consumer Be...Hsbc case study: The Role That Personalityand Motivation Play in Consumer Be...
Hsbc case study: The Role That Personality and Motivation Play in Consumer Be...
Nusrat Nova
 
MKT 365 Week 7
MKT 365 Week 7MKT 365 Week 7
MKT 365 Week 7
Michael Germano
 
MKT 365 Week 7
MKT 365 Week 7MKT 365 Week 7
MKT 365 Week 7
Michael Germano
 
Social marketing patrick ladbury nsmc
Social marketing   patrick ladbury nsmcSocial marketing   patrick ladbury nsmc
Social marketing patrick ladbury nsmc
CIM East of England
 
Interview, body language and compensation negotiation skills 2016
Interview, body language and compensation negotiation skills 2016Interview, body language and compensation negotiation skills 2016
Interview, body language and compensation negotiation skills 2016
Gerardo Seeliger
 

Similar to MKT 365 Week 6 (20)

Michael T2
Michael T2Michael T2
Michael T2
 
Tourism branding
Tourism brandingTourism branding
Tourism branding
 
The 5 most important questions
The 5 most important questionsThe 5 most important questions
The 5 most important questions
 
Library Strategies Workshop
Library Strategies WorkshopLibrary Strategies Workshop
Library Strategies Workshop
 
Library Strategies Workshop
Library Strategies WorkshopLibrary Strategies Workshop
Library Strategies Workshop
 
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
Kay Grieves and Jan Dodshon "How do you like your eggs in the morning?"
 
How Do You Like Your Eggs in the Morning: UCR Conference 2012
How Do You Like Your Eggs in the Morning: UCR Conference 2012How Do You Like Your Eggs in the Morning: UCR Conference 2012
How Do You Like Your Eggs in the Morning: UCR Conference 2012
 
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
Kay Grieves 'How Do You Like Your Eggs In The Morning?' 7 Step Marketing Tool...
 
Mkt365week4
Mkt365week4Mkt365week4
Mkt365week4
 
Successful Startup in Three Words
Successful Startup in Three WordsSuccessful Startup in Three Words
Successful Startup in Three Words
 
Smg conference presentation
Smg conference presentationSmg conference presentation
Smg conference presentation
 
Leadership principles and practices
Leadership principles and practicesLeadership principles and practices
Leadership principles and practices
 
Essential tips & effective tactics for social media & quality content marketing
Essential tips & effective tactics for social media & quality content marketingEssential tips & effective tactics for social media & quality content marketing
Essential tips & effective tactics for social media & quality content marketing
 
Increasing Employee Engagement Through Connection and Coaching
Increasing Employee Engagement Through Connection and CoachingIncreasing Employee Engagement Through Connection and Coaching
Increasing Employee Engagement Through Connection and Coaching
 
2 sales as a career
2 sales as a career2 sales as a career
2 sales as a career
 
Hsbc case study: The Role That Personality and Motivation Play in Consumer Be...
Hsbc case study: The Role That Personalityand Motivation Play in Consumer Be...Hsbc case study: The Role That Personalityand Motivation Play in Consumer Be...
Hsbc case study: The Role That Personality and Motivation Play in Consumer Be...
 
MKT 365 Week 7
MKT 365 Week 7MKT 365 Week 7
MKT 365 Week 7
 
MKT 365 Week 7
MKT 365 Week 7MKT 365 Week 7
MKT 365 Week 7
 
Social marketing patrick ladbury nsmc
Social marketing   patrick ladbury nsmcSocial marketing   patrick ladbury nsmc
Social marketing patrick ladbury nsmc
 
Interview, body language and compensation negotiation skills 2016
Interview, body language and compensation negotiation skills 2016Interview, body language and compensation negotiation skills 2016
Interview, body language and compensation negotiation skills 2016
 

More from Michael Germano

Student Survey
Student SurveyStudent Survey
Student Survey
Michael Germano
 
MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8
Michael Germano
 
Mkt 420 Week 6
Mkt 420 Week 6Mkt 420 Week 6
Mkt 420 Week 6
Michael Germano
 
MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4
Michael Germano
 
Mkt 420 Week 2
Mkt 420 Week 2Mkt 420 Week 2
Mkt 420 Week 2
Michael Germano
 
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
Michael Germano
 
MKT 420 Week 1
MKT 420 Week 1MKT 420 Week 1
MKT 420 Week 1
Michael Germano
 
Active collaborative learning
Active collaborative learningActive collaborative learning
Active collaborative learning
Michael Germano
 
Mkt389week9
Mkt389week9Mkt389week9
Mkt389week9
Michael Germano
 
Silentclass
SilentclassSilentclass
Silentclass
Michael Germano
 
Mktedge creativity
Mktedge creativityMktedge creativity
Mktedge creativity
Michael Germano
 
Digitalmarketingsla2014
Digitalmarketingsla2014Digitalmarketingsla2014
Digitalmarketingsla2014
Michael Germano
 
Plss780 week 10
Plss780 week 10Plss780 week 10
Plss780 week 10
Michael Germano
 
Pls 780 week 9
Pls 780 week 9Pls 780 week 9
Pls 780 week 9
Michael Germano
 
PLS 780 Week 8
PLS 780 Week 8PLS 780 Week 8
PLS 780 Week 8
Michael Germano
 
Pls 780 week 8
Pls 780 week 8Pls 780 week 8
Pls 780 week 8
Michael Germano
 
Bus 305 week 8
Bus 305 week 8Bus 305 week 8
Bus 305 week 8
Michael Germano
 
Pls 780 week 7
Pls 780 week 7Pls 780 week 7
Pls 780 week 7
Michael Germano
 
Social Media for New Grads
Social Media for New GradsSocial Media for New Grads
Social Media for New Grads
Michael Germano
 
Pls 780 week_6
Pls 780 week_6Pls 780 week_6
Pls 780 week_6
Michael Germano
 

More from Michael Germano (20)

Student Survey
Student SurveyStudent Survey
Student Survey
 
MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8MKT 420 Search Engine Optimization Week 8
MKT 420 Search Engine Optimization Week 8
 
Mkt 420 Week 6
Mkt 420 Week 6Mkt 420 Week 6
Mkt 420 Week 6
 
MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4MKT 420 Search Engine Optimization Week 4
MKT 420 Search Engine Optimization Week 4
 
Mkt 420 Week 2
Mkt 420 Week 2Mkt 420 Week 2
Mkt 420 Week 2
 
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...High Impact Strategies for Enhancing Student Engagement Online and Hybrid  Ma...
High Impact Strategies for Enhancing Student Engagement Online and Hybrid Ma...
 
MKT 420 Week 1
MKT 420 Week 1MKT 420 Week 1
MKT 420 Week 1
 
Active collaborative learning
Active collaborative learningActive collaborative learning
Active collaborative learning
 
Mkt389week9
Mkt389week9Mkt389week9
Mkt389week9
 
Silentclass
SilentclassSilentclass
Silentclass
 
Mktedge creativity
Mktedge creativityMktedge creativity
Mktedge creativity
 
Digitalmarketingsla2014
Digitalmarketingsla2014Digitalmarketingsla2014
Digitalmarketingsla2014
 
Plss780 week 10
Plss780 week 10Plss780 week 10
Plss780 week 10
 
Pls 780 week 9
Pls 780 week 9Pls 780 week 9
Pls 780 week 9
 
PLS 780 Week 8
PLS 780 Week 8PLS 780 Week 8
PLS 780 Week 8
 
Pls 780 week 8
Pls 780 week 8Pls 780 week 8
Pls 780 week 8
 
Bus 305 week 8
Bus 305 week 8Bus 305 week 8
Bus 305 week 8
 
Pls 780 week 7
Pls 780 week 7Pls 780 week 7
Pls 780 week 7
 
Social Media for New Grads
Social Media for New GradsSocial Media for New Grads
Social Media for New Grads
 
Pls 780 week_6
Pls 780 week_6Pls 780 week_6
Pls 780 week_6
 

Recently uploaded

Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
Cor Verdouw
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
ZevinAttisha
 
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium PresentationKirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani case
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
msthrill
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
IPLTech Electric
 
DearbornMusic-KatherineJasperFullSailUni
DearbornMusic-KatherineJasperFullSailUniDearbornMusic-KatherineJasperFullSailUni
DearbornMusic-KatherineJasperFullSailUni
katiejasper96
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
Rbc Rbcua
 
The latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from NewentideThe latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from Newentide
JoeYangGreatMachiner
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
advik4387
 
IMG_20240615_091110.pdf dpboss guessing
IMG_20240615_091110.pdf dpboss  guessingIMG_20240615_091110.pdf dpboss  guessing
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
Arijit Dutta
 
Pitch Deck Teardown: Kinnect's $250k Angel deck
Pitch Deck Teardown: Kinnect's $250k Angel deckPitch Deck Teardown: Kinnect's $250k Angel deck
Pitch Deck Teardown: Kinnect's $250k Angel deck
HajeJanKamps
 
Efficient PHP Development Solutions for Dynamic Web Applications
Efficient PHP Development Solutions for Dynamic Web ApplicationsEfficient PHP Development Solutions for Dynamic Web Applications
Efficient PHP Development Solutions for Dynamic Web Applications
Harwinder Singh
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
dpbossdpboss69
 
Prescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPTPrescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPT
Freelance
 
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
concepsionchomo153
 
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
Herman Kienhuis
 

Recently uploaded (20)

Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
 
CULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for dukeCULR Spring 2024 Journal.pdf testing for duke
CULR Spring 2024 Journal.pdf testing for duke
 
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium PresentationKirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
 
DearbornMusic-KatherineJasperFullSailUni
DearbornMusic-KatherineJasperFullSailUniDearbornMusic-KatherineJasperFullSailUni
DearbornMusic-KatherineJasperFullSailUni
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
 
The latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from NewentideThe latest Heat Pump Manual from Newentide
The latest Heat Pump Manual from Newentide
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
 
IMG_20240615_091110.pdf dpboss guessing
IMG_20240615_091110.pdf dpboss  guessingIMG_20240615_091110.pdf dpboss  guessing
IMG_20240615_091110.pdf dpboss guessing
 
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
 
Pitch Deck Teardown: Kinnect's $250k Angel deck
Pitch Deck Teardown: Kinnect's $250k Angel deckPitch Deck Teardown: Kinnect's $250k Angel deck
Pitch Deck Teardown: Kinnect's $250k Angel deck
 
Efficient PHP Development Solutions for Dynamic Web Applications
Efficient PHP Development Solutions for Dynamic Web ApplicationsEfficient PHP Development Solutions for Dynamic Web Applications
Efficient PHP Development Solutions for Dynamic Web Applications
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
Call 8867766396 Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian M...
 
Prescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPTPrescriptive analytics BA4206 Anna University PPT
Prescriptive analytics BA4206 Anna University PPT
 
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【​网址​🎉ac22.net🎉​】
 
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...
 

MKT 365 Week 6

  • 2. TOPICS • Positioning statements for value • Understanding the role of wants/needs, features and benefits in creating value
  • 3. 10 STEPS 1. Conceptualize 2. Situational Analysis 3. Target Audience 4. Behavioral objectives and goals 5. Barriers, Benefits and Competition 6. Positioning Statement 7. Marketing Mix (4 p’s) 8. Monitoring and Evaluating 9. Budget 10.Implementation
  • 4. STEP 6: POSITIONING • Positioning is all about making the targeted behavior appear attractive or better than the alternative/competition • Best way: Value-centered • What is value?
  • 5. • What is value generally: How do most people define/perceive value? • How do marketing professionals define/perceive value? • Take 10 minutes with your group to come up with a definition of value. Write it on the blackboard. DEFINE VALUE
  • 6. VALUE Value is the customer’s perception of the difference between benefits of an offering and the costs. It can be measured like this: Value=Benefits-Costs It is also the the measure of how much an offering is capable of meeting a customer’s stated needs with features that provide unique benefits. It can be measured like this: Value=Needs+Benefits/Features
  • 7. CRITICAL TO VALUE IS THE NOTION THAT FEATURES PROVIDE BENEFIT THAT MEET NEEDS • What features’ benefits come from this offering? • Is the provider uniquely capable of delivering those features’ benefits? • Do the benefits match the target audience’s needs? • Value is created when target audience needs (wants are just weaker needs) are met by (ideally) a unique benefit. • Why unique?
  • 8. • Focused on the customer and their needs • Gives customers a specific reason to act normally in a way that is premised upon self- interest even if that self- interest is social good • Gives customers a reason to choose an offering over the competition • Customer is of primary importance, not features, price or product THE BEST MARKETING IS BENEFIT DRIVEN
  • 9. NEEDS ARE MET BY BENEFITS AND FEATURES AND DIRECTED TO TARGET AUDIENCES (NOT EVERYONE!) NEED • Utility/purpose • Psychological/psy chographic • Social and/or individual FEATURE/BENEFIT • Feature works in a certain way • Feature provokes a specific feeling • Feature provides a shared good instead of, or in addition to. an individual one
  • 10. BENEFITS CAN BE IMPLIED OR REAL IMPLIED • Symbolic • Representative • Idealized • Figurative REAL • Concrete • Specific • Articulated • Literal
  • 11. • Feature? • Benefit? • And to whom is it a benefit directed? • Their need? • Value? EXAMPLE 1
  • 12. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 2
  • 13. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 3
  • 14. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 4
  • 15. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 5
  • 16. • Feature? • Benefit? • Target Audience? • Need? • Value EXAMPLE 6
  • 17. • Feature? • Benefit? • Target audience? • Need • Value? EXAMPLE 7
  • 18. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 8
  • 19. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 9
  • 20. • Feature? • Benefit? • Target Audience? • Need? • Value? EXAMPLE 10
  • 21. • Feature? • Benefit? • Target audience? • Need? • Value? EXAMPLE 11
  • 22. • Feature? • Benefit? • Target audience? • Need? • Value? • Can every product, concept or service have value? • What about when it is unknown (diffusion of innovation model?) EXAMPLE 12
  • 23. • What are the needs/ benefits? Take 15 minutes… • Choose three brands you like/use/respect/admire • Can you identify three compelling benefits based upon needs that come from the brands’ products/features that shape your perception? • Think beyond features or specific products to benefits that meet needs of you as a consumer BENEFITS ARE KEY!
  • 24. HOW IS VALUE CONVEYED? STRATEGICALLY? • Positioning • Value propositions/statements
  • 25. VALUE PROPOSITIONS/STATEMENTS/ POSITIONING Steps: 1. Know the customer (NEEDS) 2. Know the product/service or idea (FEATURES) 3. Why would the customer choose the product/service or idea (BENEFITS) 4. Combine features and benefits with needs in a concise, direct statement
  • 26. EXAMPLE • Categories/groups • Three main groups: • All benefits • Favorable points of interest • Resonating focus • Lowe’s “Never stop improving” • Why? Answer from Lowe’s CEO
  • 27. • In social marketing needs are based upon behaviors which in turn are based upon societal needs/wants and premised upon overall social good • Benefits are positioned the same way (as well as individually focused) • In community based social marketing the needs of the community and the benefit of the community is of primary importance • Needs and benefits must strengthen/build communities WHAT DOES THIS LOOK LIKE IN SOCIAL MARKETING?
  • 28. • Pretty much the same! Value is derived from benefits • Positioning becomes a little more complex since it can be based upon behavior, barrier s and benefits BEYOND THE OBVIOUS BIG DIFFERENCE…
  • 29. • Useful but limited to increasing awareness • No inherent value • Example: 311 for carry-ons BEHAVIOR FOCUSED POSITIONING
  • 30. • Helps overcome fears or disinterest or misperceptions about time involved but limited; Again, no inherent value! • Example: Recycling as easy as 1,2, 3 BARRIERS FOCUSED POSITIONING
  • 31. • Strongest • Value implied by benefits (social and/or individual) • Basis for value propositions BENEFITS FOCUSED POSITIONING
  • 32. • Think of the behavioral change needs related to ending childhood obesity • List three benefits of ending childhood obesity • Thinking about those benefits, craft a value statement/positionin g statement for parents to change their behaviors CREATE ONE!
  • 33. • Think about the negative behaviors related to gun violence (failure to lock guns, using large ammo clips, no background checks at gun shows etc.) • What are the benefits to changing behaviors? • Craft a value statement related to reducing gun violence CREATE ANOTHER
  • 34. • Behaviors needed to change texting and driving? • Benefits of that change? • Value statement ONE MORE!
  • 35. 10 STEPS 1. Conceptualize 2. Situational Analysis 3. Target Audience 4. Behavioral objectives and goals 5. Barriers, Benefits and Competition 6. Positioning Statement 7. Marketing Mix (4 p’s) 8. Monitoring and Evaluating 9. Budget 10.Implementation
  • 36. NEXT WEEK (WEEK 7)… SOCIAL MARKETING MIX • Product (Chapter 10) • Price (Chapter 11) • Place (Chapter 12) • Community Analysis Presentations! Identify needs as part of your analysis…
  • 37. REST OF THE QUARTER • Week 8: Community base social marketing mix: Promotion (Chapters 13 & 14) • Week 9: Managing community based social marketing plans including monitoring and evaluating, budgeting, implementation plans (Chapters 15, 16 & 17) • Week 10: Community based social marketing plans and presentations • Finals week: Final exam on chapters 9-17 (50 multiple choice questions, open book, collaborative etc)