This document discusses differentiation and positioning strategies for online marketing. It defines differentiation as adding meaningful differences to distinguish a product from competitors. Companies can differentiate along dimensions like product, services, personnel, channel, and image. Specific internet differentiation strategies include site environment, making intangibles tangible, building trust, efficient order processing, pricing, and customer relationship management. Positioning involves creating a desired image in the public's mind based on relevant attributes, benefits, user categories, competitors, or an integrator role. The document provides examples of how companies have implemented various differentiation and positioning strategies online.
Product and service differentiation is a market strategy that businesses use to distinguish their offerings. There are several advantages to differentiation, including creating value, allowing non-price competition, and building brand loyalty. Businesses can differentiate based on characteristics like price, form, features, customization, quality, durability, reliability, and style. For services, differentiation factors include ease of ordering, delivery, installation, customer training, and maintenance/repair. The document provides several examples of companies that have successfully differentiated their products or services.
This document discusses market segmentation and targeting. It defines market segmentation as dividing a market into distinct groups based on characteristics like needs, preferences, behaviors or attributes. There are four levels of segmentation from broad segments to niches to local areas to individuals. Effective segmentation requires identifying distinct customer groups, selecting target segments, and establishing unique benefits. The document outlines different bases for segmentation like demographics, psychographics, behaviors and provides several examples of segmentation models and frameworks.
This document discusses product differentiation and positioning strategies. It defines positioning as how consumers perceive a product relative to competitors based on important attributes. It identifies several types of competitive advantages for differentiation, including product, service, channel, people, and image. The document provides advice for choosing the right competitive advantage based on criteria like importance, superiority, and affordability. It outlines positioning strategies such as "more for more" and "more for less" and provides an example positioning statement.
Market Segmentation, Targeting and PositioningDaniel Gibson
The document summarizes the key steps in market segmentation, targeting, and positioning. It discusses:
1) The benefits of segmentation including effective use of resources, focus, and value creation.
2) The main steps in segmentation, targeting, and positioning including identifying market segments, developing segment profiles, evaluating segment attractiveness, selecting target segments, and developing a positioning and marketing mix for each.
3) Common bases used for segmenting markets such as demographics, psychographics, behaviors, and geography. It also outlines strategies for market coverage and choosing positions that create competitive advantage.
The document discusses designing and managing integrated marketing channels. It covers topics such as marketing channel strategy, value networks, channel design decisions, managing conflicts and cooperation between channels, and e-commerce practices. Effective channel management requires selecting and training channel members while addressing potential conflicts between members. Companies must also consider legal issues around exclusive distribution agreements.
This document discusses differentiation and positioning strategies for online marketing. It defines differentiation as adding meaningful differences to distinguish a product from competitors. Companies can differentiate along dimensions like product, services, personnel, channel, and image. Specific internet differentiation strategies include site environment, making intangibles tangible, building trust, efficient order processing, pricing, and customer relationship management. Positioning involves creating a desired image in the public's mind based on relevant attributes, benefits, user categories, competitors, or an integrator role. The document provides examples of how companies have implemented various differentiation and positioning strategies online.
Product and service differentiation is a market strategy that businesses use to distinguish their offerings. There are several advantages to differentiation, including creating value, allowing non-price competition, and building brand loyalty. Businesses can differentiate based on characteristics like price, form, features, customization, quality, durability, reliability, and style. For services, differentiation factors include ease of ordering, delivery, installation, customer training, and maintenance/repair. The document provides several examples of companies that have successfully differentiated their products or services.
This document discusses market segmentation and targeting. It defines market segmentation as dividing a market into distinct groups based on characteristics like needs, preferences, behaviors or attributes. There are four levels of segmentation from broad segments to niches to local areas to individuals. Effective segmentation requires identifying distinct customer groups, selecting target segments, and establishing unique benefits. The document outlines different bases for segmentation like demographics, psychographics, behaviors and provides several examples of segmentation models and frameworks.
This document discusses product differentiation and positioning strategies. It defines positioning as how consumers perceive a product relative to competitors based on important attributes. It identifies several types of competitive advantages for differentiation, including product, service, channel, people, and image. The document provides advice for choosing the right competitive advantage based on criteria like importance, superiority, and affordability. It outlines positioning strategies such as "more for more" and "more for less" and provides an example positioning statement.
Market Segmentation, Targeting and PositioningDaniel Gibson
The document summarizes the key steps in market segmentation, targeting, and positioning. It discusses:
1) The benefits of segmentation including effective use of resources, focus, and value creation.
2) The main steps in segmentation, targeting, and positioning including identifying market segments, developing segment profiles, evaluating segment attractiveness, selecting target segments, and developing a positioning and marketing mix for each.
3) Common bases used for segmenting markets such as demographics, psychographics, behaviors, and geography. It also outlines strategies for market coverage and choosing positions that create competitive advantage.
The document discusses designing and managing integrated marketing channels. It covers topics such as marketing channel strategy, value networks, channel design decisions, managing conflicts and cooperation between channels, and e-commerce practices. Effective channel management requires selecting and training channel members while addressing potential conflicts between members. Companies must also consider legal issues around exclusive distribution agreements.
Setting Product Strategy
What is a Product?
Components of the Market Offering
Durability and Tangibility
Use
Consumer Goods Classification
The Product Hierarchy (using life insurance example)
Product Systems and Mixes
Product Line Analysis
Packaging , labeling warranties
Packaging Objectives
Functions of Labels
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURYNishant Agrawal
DEFINING MARKETING FOR THE 21st CENTURY
WHAT IS MARKETED?
DEMAND STATES
Core MARKETING CONCEPTS
MARKETING CONCEPTS
Company orientation
Towards marketplace
COMPANY ORIENTATION
Holistic Marketing Concept
Understand four Ps (Marketing Mix)
MARKETING TASKS
Identifying Market Segments and Targets / Marketing Management By Kotler K...Choudhry Asad
This document discusses market segmentation, targeting, and positioning. It provides the following key points:
1. Market segmentation involves identifying distinct groups of customers based on their needs and preferences. Targeting involves selecting specific segments to target, while positioning establishes the benefits of the market offering.
2. A market segment consists of customers who share similar needs and wants. Examples of segments include geographic areas, demographics, lifestyles, usage behaviors, and business characteristics.
3. Effective segmentation criteria for target selection includes segments being measurable, accessible, substantial in size/profitability, and responsive to different marketing mix elements.
Differentiation is the process of making a product distinct from competitors by adding meaningful value. A firm can differentiate along five dimensions: product, services, personnel, channel, and image. Product differentiation involves differentiating form, features, style, quality, durability, customization, reliability, and reparability. Services differentiation focuses on adding valued services like ordering, financing, delivery, installation, returns, training, consulting, and maintenance. Personnel differentiation involves having better trained employees with competence, credibility, courtesy, reliability, responsiveness, and communication skills. Channel differentiation considers how a company distributes through direct or indirect marketing based on coverage, expertise, performance, and use of the internet. Image differentiation uses symbols, logos,
This document outlines the syllabus for a marketing planning and implementation course. The course objectives are for students to understand basic marketing theories and develop analytical skills for real-world application. Key topics covered include the marketing mix, marketing strategies, research, branding, and ethics. Assessment will comprise assignments, quizzes, presentations, and an exam. The instructor aims to blend theory and practice to promote active learning. Recommended textbooks are also listed.
Setting Product Strategy / Marketing Management By kotler KellerChoudhry Asad
This document discusses marketing management tasks and product characteristics including product classifications and differentiation. It provides details on five levels of a market offering including the core benefit, basic product, expected product, augmented product, and potential product. It also describes how products are classified based on durability, tangibility, use for consumers or industrial purposes. Lastly, it outlines various ways products and services can be differentiated such as through form, features, customization, quality levels, style, and services.
Marketing Management Chapter 22 Managing A Holistic Marketing Organizationrikkylohia
This document discusses trends in marketing practices and organizing marketing departments. It covers functional, geographic, product-based, and matrix organizational structures. Product managers develop strategies, plans, and campaigns and interact with various teams. Matrices combine functional and brand/product structures. The role of marketing at a corporate level is to promote customer orientation. Social responsibility, cause-related marketing, and social marketing campaigns are also discussed. Marketing control involves annual plans, profitability, efficiency, and strategy. Marketing audits comprehensively examine objectives and performance.
International Marketing - The Political Environment: A Critical ConcernDr. John V. Padua
The political environment is a critical concern for international marketing. Governments control business activities within their borders and political instability can negatively impact foreign investment. Political risks include confiscation of assets, nationalism increasing restrictions on foreign companies, and violence/terrorism threatening operations. Marketers must consider how different government types, political parties, and policy shifts can affect their long-term ability to do business in a country.
1. The document discusses factors to consider when choosing international markets, such as market size, language/culture, competition, proximity, and political/financial stability.
2. It also covers legal aspects like applicable laws, intellectual property protection, and methods of doing business abroad. Risks include political and commercial/financial risks.
3. Companies may sell internationally to access new markets, take advantage of opportunities abroad, utilize excess capacity, or gain cost advantages over competitors.
The document discusses market targeting and the targeting process. It defines target market and explains that target market refers to the particular customer group selected by marketers. It outlines the steps in the targeting process as evaluating market segments, selecting segments, and additional considerations. It describes different strategies for selecting and targeting segments such as single segment concentration, selective specialization, product specialization, market specialization, and full market coverage. Finally, it discusses targeting strategies like undifferentiated, differentiation, and concentrated strategies.
Identifying Market Segments and Selecting Target MarketsSumit Pradhan
This document discusses market segmentation and target marketing. It explains that companies identify distinct customer groups, select one or more segments to target, and position their product to appeal to the target segment. The document outlines various ways to segment markets, such as by geography, demographics, psychographics, and behavior. It also discusses criteria for evaluating segment attractiveness and different strategies for selecting target markets, such as concentrating on a single segment or pursuing multiple segments.
The document discusses brand equity and how it is viewed from the perspectives of consumers and manufacturers. It defines brand equity as the added value endowed to products and services through positive consumer perception and experience with the brand over time. This value is reflected in consumer behavior and financial performance for the brand. The document also examines several models for measuring and evaluating brand equity, including brand assets, awareness, loyalty, and consumer perceptions that contribute to brand value. It explores approaches for reinforcing, tracking, and sustaining brand equity over the long run.
What are important trends in marketing practicesSameer Mathur
Holistic marketing organizations are managing trends like reengineering processes, outsourcing goods and services, benchmarking against best practices, partnering with suppliers and customers, merging with complementary companies, globalizing efforts, focusing on most profitable areas, justifying actions, accelerating responses, empowering employees, broadening stakeholder interests, and monitoring discussions and competitors.
This document summarizes key aspects of business-to-business marketing and the organizational buying process. It defines business markets and how they differ from consumer markets. It describes the different participants in the organizational buying center and the stages in the buying process. Finally, it discusses strategies for building strong relationships with business customers, including managing risks and opportunities, and approaches for marketing to institutional and government buyers.
Chapter 4 Creating Customer Value, Satisfaction, and LoyaltyNishant Agrawal
1. Conducting periodic customer satisfaction surveys to understand customer perceptions and gather feedback.
2. Monitoring customer loss or defection rates to identify potential issues.
3. Tracking the performance of competitors to benchmark satisfaction levels.
Market segmentation involves dividing a market into distinct groups based on characteristics like demographics, benefits sought, or behaviors. The document outlines the main steps in segmentation, targeting, and positioning:
1. Segmenting the market by identifying distinct groups using variables like geography, demographics, psychographics, benefits, or behaviors.
2. Evaluating each segment's attractiveness and selecting target segments to focus on.
3. Positioning the product by creating a competitive positioning and tailored marketing mix for the target segments.
New Perspective on Marketing in the Service Economy ( Service Marketing) Muhammad Ali Khan
New Perspective on Marketing in the Service Economy, Why Study Services ? What Are the Principal Industries of the Service Sector ? Powerful Forces Are Transforming Service Markets What Are Services ? Four Broad Categories of Services-A Process Perspective Service Pose Distinct Marketing Challenges, The Traditional Marketing Mix Applied to Services, The Extended Services Marketing Mix for Managing the Customer Interface
Crafting the Brand Positioning
Developing & Establishing a Brand Positioning
Points-of-difference
Points-of-parity
Brand Mantras
Communicating Category Membership
Consumer Desirability Criteria for PODs
Deliverability Criteria for PODs
Differentiation Strategies
Positioning and Branding a Small Business
The document discusses various aspects of controlling the salesforce, including salesforce expense plans, salesforce audits, evaluating sales organization effectiveness, and controlling salesperson performance. It covers criteria for effective expense plans, types of plans, purposes of audits and the evaluation process. It also explains analyzing sales, costs, profits and productivity to evaluate effectiveness, and setting standards, reviewing performance, and taking actions to control salesperson performance. Finally, it discusses ethical, social and legal responsibilities of sales managers.
Marketing involves creating value for customers and building strong customer relationships to obtain desired goods and services. The document outlines the key concepts and processes in marketing management including segmentation, targeting, and positioning to identify the most attractive customer groups. It also discusses the marketing mix of product, price, place, and promotion which are the tactical tools used to satisfy the targeted customer groups.
The document discusses target marketing and positioning. It defines target marketing as evaluating market segments to focus on those with the most potential. There are various target marketing strategies such as single segment, selective, mass market, product/market specialization. Positioning is designing the company's offering and image to occupy a distinctive place in customers' minds relative to competitors. The document outlines steps to choose and implement a positioning strategy including identifying competitive advantages, selecting the right advantage, and communicating the chosen position.
Setting Product Strategy
What is a Product?
Components of the Market Offering
Durability and Tangibility
Use
Consumer Goods Classification
The Product Hierarchy (using life insurance example)
Product Systems and Mixes
Product Line Analysis
Packaging , labeling warranties
Packaging Objectives
Functions of Labels
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURYNishant Agrawal
DEFINING MARKETING FOR THE 21st CENTURY
WHAT IS MARKETED?
DEMAND STATES
Core MARKETING CONCEPTS
MARKETING CONCEPTS
Company orientation
Towards marketplace
COMPANY ORIENTATION
Holistic Marketing Concept
Understand four Ps (Marketing Mix)
MARKETING TASKS
Identifying Market Segments and Targets / Marketing Management By Kotler K...Choudhry Asad
This document discusses market segmentation, targeting, and positioning. It provides the following key points:
1. Market segmentation involves identifying distinct groups of customers based on their needs and preferences. Targeting involves selecting specific segments to target, while positioning establishes the benefits of the market offering.
2. A market segment consists of customers who share similar needs and wants. Examples of segments include geographic areas, demographics, lifestyles, usage behaviors, and business characteristics.
3. Effective segmentation criteria for target selection includes segments being measurable, accessible, substantial in size/profitability, and responsive to different marketing mix elements.
Differentiation is the process of making a product distinct from competitors by adding meaningful value. A firm can differentiate along five dimensions: product, services, personnel, channel, and image. Product differentiation involves differentiating form, features, style, quality, durability, customization, reliability, and reparability. Services differentiation focuses on adding valued services like ordering, financing, delivery, installation, returns, training, consulting, and maintenance. Personnel differentiation involves having better trained employees with competence, credibility, courtesy, reliability, responsiveness, and communication skills. Channel differentiation considers how a company distributes through direct or indirect marketing based on coverage, expertise, performance, and use of the internet. Image differentiation uses symbols, logos,
This document outlines the syllabus for a marketing planning and implementation course. The course objectives are for students to understand basic marketing theories and develop analytical skills for real-world application. Key topics covered include the marketing mix, marketing strategies, research, branding, and ethics. Assessment will comprise assignments, quizzes, presentations, and an exam. The instructor aims to blend theory and practice to promote active learning. Recommended textbooks are also listed.
Setting Product Strategy / Marketing Management By kotler KellerChoudhry Asad
This document discusses marketing management tasks and product characteristics including product classifications and differentiation. It provides details on five levels of a market offering including the core benefit, basic product, expected product, augmented product, and potential product. It also describes how products are classified based on durability, tangibility, use for consumers or industrial purposes. Lastly, it outlines various ways products and services can be differentiated such as through form, features, customization, quality levels, style, and services.
Marketing Management Chapter 22 Managing A Holistic Marketing Organizationrikkylohia
This document discusses trends in marketing practices and organizing marketing departments. It covers functional, geographic, product-based, and matrix organizational structures. Product managers develop strategies, plans, and campaigns and interact with various teams. Matrices combine functional and brand/product structures. The role of marketing at a corporate level is to promote customer orientation. Social responsibility, cause-related marketing, and social marketing campaigns are also discussed. Marketing control involves annual plans, profitability, efficiency, and strategy. Marketing audits comprehensively examine objectives and performance.
International Marketing - The Political Environment: A Critical ConcernDr. John V. Padua
The political environment is a critical concern for international marketing. Governments control business activities within their borders and political instability can negatively impact foreign investment. Political risks include confiscation of assets, nationalism increasing restrictions on foreign companies, and violence/terrorism threatening operations. Marketers must consider how different government types, political parties, and policy shifts can affect their long-term ability to do business in a country.
1. The document discusses factors to consider when choosing international markets, such as market size, language/culture, competition, proximity, and political/financial stability.
2. It also covers legal aspects like applicable laws, intellectual property protection, and methods of doing business abroad. Risks include political and commercial/financial risks.
3. Companies may sell internationally to access new markets, take advantage of opportunities abroad, utilize excess capacity, or gain cost advantages over competitors.
The document discusses market targeting and the targeting process. It defines target market and explains that target market refers to the particular customer group selected by marketers. It outlines the steps in the targeting process as evaluating market segments, selecting segments, and additional considerations. It describes different strategies for selecting and targeting segments such as single segment concentration, selective specialization, product specialization, market specialization, and full market coverage. Finally, it discusses targeting strategies like undifferentiated, differentiation, and concentrated strategies.
Identifying Market Segments and Selecting Target MarketsSumit Pradhan
This document discusses market segmentation and target marketing. It explains that companies identify distinct customer groups, select one or more segments to target, and position their product to appeal to the target segment. The document outlines various ways to segment markets, such as by geography, demographics, psychographics, and behavior. It also discusses criteria for evaluating segment attractiveness and different strategies for selecting target markets, such as concentrating on a single segment or pursuing multiple segments.
The document discusses brand equity and how it is viewed from the perspectives of consumers and manufacturers. It defines brand equity as the added value endowed to products and services through positive consumer perception and experience with the brand over time. This value is reflected in consumer behavior and financial performance for the brand. The document also examines several models for measuring and evaluating brand equity, including brand assets, awareness, loyalty, and consumer perceptions that contribute to brand value. It explores approaches for reinforcing, tracking, and sustaining brand equity over the long run.
What are important trends in marketing practicesSameer Mathur
Holistic marketing organizations are managing trends like reengineering processes, outsourcing goods and services, benchmarking against best practices, partnering with suppliers and customers, merging with complementary companies, globalizing efforts, focusing on most profitable areas, justifying actions, accelerating responses, empowering employees, broadening stakeholder interests, and monitoring discussions and competitors.
This document summarizes key aspects of business-to-business marketing and the organizational buying process. It defines business markets and how they differ from consumer markets. It describes the different participants in the organizational buying center and the stages in the buying process. Finally, it discusses strategies for building strong relationships with business customers, including managing risks and opportunities, and approaches for marketing to institutional and government buyers.
Chapter 4 Creating Customer Value, Satisfaction, and LoyaltyNishant Agrawal
1. Conducting periodic customer satisfaction surveys to understand customer perceptions and gather feedback.
2. Monitoring customer loss or defection rates to identify potential issues.
3. Tracking the performance of competitors to benchmark satisfaction levels.
Market segmentation involves dividing a market into distinct groups based on characteristics like demographics, benefits sought, or behaviors. The document outlines the main steps in segmentation, targeting, and positioning:
1. Segmenting the market by identifying distinct groups using variables like geography, demographics, psychographics, benefits, or behaviors.
2. Evaluating each segment's attractiveness and selecting target segments to focus on.
3. Positioning the product by creating a competitive positioning and tailored marketing mix for the target segments.
New Perspective on Marketing in the Service Economy ( Service Marketing) Muhammad Ali Khan
New Perspective on Marketing in the Service Economy, Why Study Services ? What Are the Principal Industries of the Service Sector ? Powerful Forces Are Transforming Service Markets What Are Services ? Four Broad Categories of Services-A Process Perspective Service Pose Distinct Marketing Challenges, The Traditional Marketing Mix Applied to Services, The Extended Services Marketing Mix for Managing the Customer Interface
Crafting the Brand Positioning
Developing & Establishing a Brand Positioning
Points-of-difference
Points-of-parity
Brand Mantras
Communicating Category Membership
Consumer Desirability Criteria for PODs
Deliverability Criteria for PODs
Differentiation Strategies
Positioning and Branding a Small Business
The document discusses various aspects of controlling the salesforce, including salesforce expense plans, salesforce audits, evaluating sales organization effectiveness, and controlling salesperson performance. It covers criteria for effective expense plans, types of plans, purposes of audits and the evaluation process. It also explains analyzing sales, costs, profits and productivity to evaluate effectiveness, and setting standards, reviewing performance, and taking actions to control salesperson performance. Finally, it discusses ethical, social and legal responsibilities of sales managers.
Marketing involves creating value for customers and building strong customer relationships to obtain desired goods and services. The document outlines the key concepts and processes in marketing management including segmentation, targeting, and positioning to identify the most attractive customer groups. It also discusses the marketing mix of product, price, place, and promotion which are the tactical tools used to satisfy the targeted customer groups.
The document discusses target marketing and positioning. It defines target marketing as evaluating market segments to focus on those with the most potential. There are various target marketing strategies such as single segment, selective, mass market, product/market specialization. Positioning is designing the company's offering and image to occupy a distinctive place in customers' minds relative to competitors. The document outlines steps to choose and implement a positioning strategy including identifying competitive advantages, selecting the right advantage, and communicating the chosen position.
This document discusses two examples of how an air filtration company used customer insights from research to take action. The first example describes how the company conducted needs-based customer segmentation research to identify key purchase drivers and develop customer personas. The second example discusses a business operations survey that established customer expectations and identified reasons for customer retention and attrition. The insights from these studies were then used to implement process improvements, target marketing, and enhance the customer experience.
This document discusses two examples of how an air filtration company used customer insights from research to take action. The first example describes how segmentation research identified key customer purchase drivers and business segments. This led to targeted messaging and organizational changes. The second example discusses how a business operations survey established customer expectations and reasons for leaving suppliers. This provided metrics to improve responsiveness and led to process, quality, and pricing actions. Taking insights from various sources allowed the company to improve the overall customer experience.
This document discusses two examples of how an air filtration company used customer insights from research to take action. The first example describes how the company conducted needs-based customer segmentation research to identify key purchase drivers and develop customer personas. The second example discusses how a business operations survey established customer expectations and identified reasons for customer retention and attrition. The insights from both examples resulted in targeted marketing, process improvements, and product enhancements to improve the customer experience.
This document discusses product differentiation strategies. It explains that differentiation is a marketing strategy to distinguish a product from competitors. Products can be differentiated based on their form, features, customization options, quality, durability, reliability, reparability, and style. When differentiating a physical product is difficult, companies can focus on valued services like easy ordering, delivery, installation, training, consulting, maintenance, and returns policies. The document was created by Aditi Jain for a marketing internship under Professor Sameer Mathur.
This document discusses various competitive strategies that firms can employ, including low-cost leadership, differentiation, focus/niche strategies, cooperative strategies like strategic alliances, and vertical integration/outsourcing strategies. It provides details on how each strategy can provide competitive advantages and disadvantages, and when each strategy may be most effective.
The document outlines a strategic marketing and branding process for a company. It includes:
1) Conducting research like a marketing audit and brand study to understand the current brand position and perceptions.
2) Developing a brand strategy aligned with business objectives including creating a brand identity, messaging, and visual identity.
3) Executing the brand strategy through an internal and external communication campaign using various marketing materials and programs.
This document discusses various competitive strategies that firms can employ, including low-cost leadership, differentiation, focus/niche strategies, cooperative strategies, mergers and acquisitions, and vertical integration/outsourcing strategies. It provides details on how each strategy can provide competitive advantages and disadvantages, and when each strategy may be most effective.
This document discusses various strategies for positioning a brand, including:
- Quality positioning - Focusing on a specific area of quality or expertise to differentiate from competitors.
- Value/price positioning - Emphasizing either a high-end or value-priced offering while ensuring quality.
- Benefit positioning - Highlighting the unique benefits of a product or service to appeal to consumer needs.
- Demographic positioning - Targeting brands towards specific age groups or genders.
- Competitor positioning - Establishing superiority by directly comparing to other similar brands.
- Cultural symbol positioning - Leveraging cultural icons to associate the brand with certain attributes.
This document discusses various strategies for positioning a brand, including:
- Quality positioning - Focusing on a specific area of quality or expertise to differentiate from competitors.
- Value/price positioning - Emphasizing either a high-end or value-priced offering while ensuring quality.
- Benefit positioning - Highlighting the unique benefits of a product or service to appeal to consumer needs.
- Demographic positioning - Targeting brands towards specific age groups or genders.
- Competitor positioning - Establishing superiority by directly comparing to other similar brands.
- Cultural symbol positioning - Leveraging cultural icons to associate a brand with certain values.
Competitive strategies aim to attract customers, withstand competition, and strengthen market position by exploiting competitive advantages. There are three generic competitive strategies: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry while differentiation involves offering unique products/services. Focus strategy pursues either approach but in a narrow customer segment. Functional strategies play a key role in determining and implementing the overall competitive strategy.
This document discusses the discipline of customer development. It covers key concepts like value disciplines, customer intimacy, and operational excellence. It also outlines the phases of customer discovery including design, experimentation, and data mining. Additional sections provide guidance on testing hypotheses with customers, developing customer value propositions, prospecting and managing the sales pipeline, conducting effective presentations that address objections, and strategies for post-purchase management. The overall document serves as a guide to understanding and applying the principles of customer-centric business development.
This document discusses concepts related to brand positioning and product life cycles in international marketing. It covers competitive frames of reference including points-of-difference and points-of-parity. It also discusses differentiation strategies and how positioning must change over the four stages of the product life cycle: introduction, growth, maturity, and decline. Marketing strategies are outlined for each stage of the product life cycle.
This document discusses branding and positioning strategies. It defines what a brand is and lists common brand elements. It then defines positioning as designing a company's offering and image to have a distinctive place in the target market's mind. The document outlines various positioning strategies such as quality, value/price, benefit, demographic, competitor, and cultural symbol positioning. It provides examples of each and discusses how to identify differentiating factors and communicate the brand's values. Overall, the document provides an overview of common branding and positioning concepts, tactics, and best practices.
Documento 4.5 strategy and competitive advantageChristian Rivera
The document discusses strategies for achieving competitive advantage, including low-cost leadership, differentiation, and best-cost provider strategies. It defines competitive advantage as delivering something of value to customers better than competitors. Firms can develop competitive advantages by lowering costs or differentiating their products/services in ways customers perceive as valuable. The best-cost provider strategy combines aspects of low-cost and differentiation by offering superior value through good attributes at a lower price than competitors.
The document discusses five generic competitive strategies that firms can pursue: low-cost provider, differentiation, best-cost provider, focus/niche, and stuck-in-the-middle. It outlines the objectives, keys to success, benefits, risks, and when each strategy works best. Firms must carefully analyze their resources and the market to choose the strategy that provides the best opportunity for a sustainable competitive advantage.
Final Markma Group 4 Presentation Chapter 10 Crafting the Brand PositioningKristoffer Jongco
Brand positioning involves designing a company's offering and image to have a distinctive place in the target market's mind. Effective positioning chooses associations that are memorable, meaningful, likeable, transferable, and adaptable. Brands are differentiated through product, personnel, channels, and image. Marketing strategies must adapt to a product's life cycle stages of growth, maturity, and decline. These include improving quality, expanding distribution, advertising, sales promotion, and services.
Similar to Positioning & Differentiating The Market Offering Through the Product Life Cycle (20)
Financial Performance Analysis of Conventional and Non – Conventional BanksAN_Rajin
Financial Performance Analysis of Conventional and Non – Conventional Banks.
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Wages and Payment under Bangladesh Labor code 2006.
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Building a Coalition (The Woodson Foundation)AN_Rajin
The document discusses how to build an effective coalition. A coalition involves individuals or organizations working together for a common purpose to make better use of resources. Coalitions should be started to address urgent issues, empower communities, or provide important services. They are most needed when dramatic events occur, new information is available, funding becomes available, or an outside threat emerges. Coalitions work best when they include stakeholders, community leaders, and policymakers. The process of starting a coalition involves convening a planning group, developing a vision, recruiting members, holding initial meetings, and following up.
This slide is about the tourism spot of Bangladesh, the hidden beauty of Bangladesh, problem regarding the tourism industry of Bangladesh and how we can build better tourism industry.
This document discusses the theory of sets. It defines what a set is and provides examples. It outlines the basic characteristics of sets and describes the elements and symbols used in set theory. The document discusses different methods of defining sets, types of sets, and operations that can be performed on sets like intersection and union. It also presents some laws of set theory and provides an example problem to exercise set concepts.
Cox's Bazar The Longest Sea Beach Of The WorldAN_Rajin
This presentation provides an overview of Cox's Bazar, Bangladesh. Cox's Bazar is known for its 125 km long, unbroken sandy beach, considered the world's longest natural sea beach. The presentation outlines the districts and population of Cox's Bazar. It describes the area's history, noting it was named after Captain Hiram Cox, who established a market there in 1799 after rehabilitating Arakanese refugees. Several top tourist attractions of Cox's Bazar are highlighted, including the beach, waterfalls, islands, and villages. Transportation options and accommodation facilities for visitors are also briefly mentioned.
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As 2023 proved, the next few years may be shaped by market volatility and artificial intelligence services such as OpenAI's ChatGPT and Perplexity.ai. Your brand will increasingly compete for attention with Google, Apple, OpenAI, and Amazon, and customers will expect a hyper-relevant and individualized experience from every business at any moment. New state-legislated data privacy laws and several FTC rules may challenge marketers to deliver contextually relevant customer experiences, much less reach unknown prospective buyers. Are you ready?Let's discuss the critical need for data governance and applied AI for your business rather than relying on public AI models. As AI permeates society and all industries, learn how to be future-ready, compliant, and confidentlyscaling growth.
Key Takeaways:
Primary Learning Objective
1: Grasp when artificial general intelligence (""AGI"") will arrive, and how your brand can navigate the consequences. Primary Learning Objective
2: Gain an accurate analysis of the continuously developing customer journey and business intelligence. Primary Learning Objective
3: Grow revenue at lower costs with more efficient marketing and business operations.
As the call for for skilled experts continues to develop, investing in quality education and education from a reputable https://www.safalta.com/online-digital-marketing/best-digital-marketing-institute-in-noida Digital advertising institute in Noida can lead to a a success career on this eve
Mastering Local SEO for Service Businesses in the AI Era"" is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
Build marketing products across the customer journey to grow your business and build a relationship with your customer. For example you can build graders, calculators, quizzes, recommendations, chatbots or AR apps. Things like Hubspot's free marketing grader, Moz's site analyzer, VenturePact's mobile app cost calculator, new york times's dialect quiz, Ikea's AR app, L'Oreal's AR app and Nike's fitness apps. All of these examples are free tools that help drive engagement with your brand, build an audience and generate leads for your core business by adding value to a customer during a micro-moment.
Key Takeaways:
Learn how to use specific GPTs to help you Learn how to build your own marketing tools
Generate marketing ideas for your business How to think through and use AI in marketing
How AI changes the marketing game
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
In the digital age, businesses are inundated with tools promising to streamline operations, enhance creativity, and boost productivity. Yet, the true key to digital transformation lies not in the accumulation of tools but in strategically integrating the right AI solutions to revolutionize workflows. Join Jordache, an experienced entrepreneur, tech strategist and AI consultant, as he explores essential AI tools across three critical categories—Ideation, Creation, and Operations—that can reshape the way your business creates, operates, and scales.This talk will guide you through the practicalities of selecting and effectively using AI tools that go beyond the basics of today’s popular tools like ChatGPT, Claude, Gemini, Midjourney, or Dall-E. For each category of tools, Jordache will address three crucial questions: What is each tool? Why is each one valuable to you as a business leader? How can you start using it in your workflow? This approach will not only clarify the role of these tools but also highlight their strategic value, making it perfect for business leaders ready to make informed decisions about integrating AI into their workflows.
Key Takeaways:
>> Strategic Selection and Integration: Understand how to select AI tools that align with your business goals and how to conceptually integrate them into your workflows to enhance efficiency and innovation.
>> Understanding AI Tool Categories: Gain a deeper understanding of how AI tools can be leveraged in the areas of ideation, creation, and operation—transforming each aspect of your business.
>> Practical Starting Points: Learn how you can start using these tools in your business with practical tips on initial steps and integration ideas.
>> Future-Proofing Your Business: Discover how staying informed about and utilizing the latest AI tools and strategies can keep your business competitive in a rapidly evolving digital landscape.
Are you struggling to differentiate yourself in a saturated market? Do you find it challenging to attract and retain buyers? Learn how to effectively communicate your expertise using a Free Book Funnel designed to address these challenges and attract premium clients. This session will explore how a well-crafted book can be your most effective marketing tool, enhancing your credibility while significantly increasing your leads and sales while decreasing overall lead cost. Unpacking practical steps to create a magnetic book funnel that not only draws in your ideal customers, but also keeps them engaged. Break through the noise in the marketing world and leave with a blueprint that will transform your sales strategy.
Customer Experience is not only for B2C and big box brands. Embark on a transformative journey into the realm of B2B customer experience with our masterclass. In this dynamic session, we'll delve into the intricacies of designing and implementing seamless customer journeys that leave a lasting impression. Explore proven strategies and best practices tailored specifically for the B2B landscape, learning how to navigate complex decision-making processes and cultivate meaningful relationships with clients. From initial engagement to post-sale support, discover how to optimize every touchpoint to deliver exceptional experiences that drive loyalty and revenue growth. Join us and unlock the keys to unparalleled success in the B2B arena.
Key Takeaways:
1. Identify your customer journey and growth areas
2. Build a three-step customer experience strategy
3. Put your CX data to use and drive action in your organization
Conferences like DigiMarCon provide ample opportunities to improve our own marketing programs by learning from others. But just because everyone is jumping on board with the latest idea/tool/metric doesn’t mean it works – or does it? This session will examine the value of today’s hottest digital marketing topics – including AI, paid ads, and social metrics – and the truth about what these shiny objects might be distracting you from.
Key Takeaways:
- How NOT to shoot your digital program in the foot by using flashy but ineffective resources
- The best ways to think about AI in connection with digital marketing
- How to cut through self-serving marketing advice and engage in channels that truly grow your business
How to Use AI to Write a High-Quality Article that Ranksminatamang0021
In the world of content creation, many AI bloggers have drifted away from their original vision, resulting in low-quality articles that search engines overlook. Don't let that happen to you! Join us to discover how to leverage AI tools effectively to craft high-quality content that not only captures your audience's attention but also ranks well on search engines.
Disclaimer: Some of the prompts mentioned here are the examples of Matt Diggity. Please use it as reference and make your own custom prompts.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
In this humorous and data-heavy session, join us in a joyous celebration of life honoring the long list of SEO tactics and concepts we lost this year. Remember fondly the beautiful time you shared with defunct ideas like link building, keyword cannibalization, search volume as a value indicator, and even our most cherished of friends: the funnel. Make peace with their loss as you embrace a new paradigm for organic content: Pillar-Based Marketing. Along the way, discover that the results that old SEO and all its trappings brought you weren’t really very good at all, actually.
In this respectful and life-affirming service—erm, session—join Ryan Brock (Chief Solution Officer at DemandJump and author of Pillar-Based Marketing: A Data-Driven Methodology for SEO and Content that Actually Works) and leave with:
• Clear and compelling evidence that most legacy SEO metrics and tactics have slim to no impact on SEO outcomes
• A major mindset shift that eliminates most of the metrics and tactics associated with SEO in favor of a single metric that defines and drives organic ranking success
• Practical, step-by-step methodology for choosing SEO pillar topics and publishing content quickly that ranks fast
In the face of the news of Google beginning to remove cookies from Chrome (30m users at the time of writing), there’s no longer time for marketers to throw their hands up and say “I didn’t know” or “They won’t go through with it”. Reality check - it has already begun - the time to take action is now. The good news is that there are solutions available and ready for adoption… but for many the race to catch up to the modern internet risks being a messy, confusing scramble to get back to "normal"
Gokila digital marketing| consultant| Coimbatoredmgokila
Myself Gokila digital marketing consultant located in Coimbatore other various types of digital marketing services such as SEM
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Digital Marketing Services | Techvolt Software :
Digital Marketing is a latest method of Marketing techniques widely used across the Globe. Digital Marketing is an online marketing technique and methods used for all products and services through Search Engine and Social media advertisements. Previously the marketing techniques were used without using the internet via direct and indirect marketing strategies such as advertising through Telemarketing,Newspapers,Televisions,Posters etc.
List of Services offered in Digital Marketing |Techvolt Software :
Techvolt Software offers best Digital Marketing services for promoting your products and services through online platform on the below methods of Digital marketing
1. Search Engine Optimization (SEO)
2. Search Engine Marketing (SEM)
3. Social Media Optimization (SMO)
4. Social Media Marketing (SMM)
5. Campaigns
Importance | Need of Digital Marketing (Online Promotions) :
1. Quick Promotions through Online
2. Generation of More leads and Business Enquiries via Search Engine and Social Media Platform
3. Latest Technology development vs Business promotions
4. Creation of Social Branding
5. Promotion with less investment
Benefits Digital Marketing Services at Techvolt software :
1. Services offered with Affordable cost
2. Free Content writing
3. Free Dynamic Website design*
4. Best combo offers on website Hosting,design along with digital marketing services
5. Assured Lead Generation through Search Engine and Social Media
6. Online Maintenance Support
Free Website + Digital Marketing Services
Techvolt Software offers Free website design for all customer and clients who is availing the digital marketing services for a minimum period of 6 months.
With Regards
Gokila digital marketer
Coimbatore
In today's digital world, customers are just a click away. "Grow Your Business Online: Introduction to Digital Marketing" dives into the exciting world of digital marketing, equipping you with the tools and strategies to reach new audiences, expand your reach, and ultimately grow your business.
website = https://digitaldiscovery.institute/
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2. Table of Contents
No Contents
1 Developing & Communicating a Positioning Strategy
2 Positioning Errors
3 Types of Positioning
4 Adding Further Differentiation
5 Differentiation Tools
6 Differentiation Variables
3. Developing & Communicating
a Positioning Strategy
Marketing strategies are built on:
Segmentation
Targeting
Positioning
A company identifies the different needs and groups
in a market place, targets those needs and groups
that it can satisfy in a superior way, and then
positions its offerings so that the target market
recognizes the company’s distinctive offering and
image
5. Positioning
• It is the act of designing the company’s offering and
image to occupy a distinctive place in the mind of the
target market
• Value proposition is the end result of positioning; a
reason as to why the target market should buy the
product
6. Example
Company &
Product
Target
Customers
Benefits Price Value
Proposition
Nandos –
Chicken
Quality
conscious
consumers of
chicken
Healthy 15% premium Healthy, tender
chicken at a
moderate
premium price
Domino’s -
Pizza
Convenience
minded pizza
lovers
Delivery speed
and good
quality
12% premium Hot, tasty pizza
delivered to
your door at a
moderate price
8. Positioning Possibility
• Attribute positioning - company position it self on an
attribute.. Size, number of years existence
• Benefit positioning – positioned as the leader in a
certain benefit
• Use or application positioning – positioning the
product as best for some use
• User positioning – position the product as best for
some user group
9. Positioning Possibility
• Competitor positioning – product claim to be better in
some way
• Product category positioning – positioned as the
leader in a certain category
• Quality or price positioning – positioned as offering
the best value
19. Service Differentiation
Maintenance and repair – Maintenance and repair
service program for helping customers
Miscellaneous service – Find other ways to
differentiate customer service