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Situation Analysis SWOT Analysis Segmentation & Target Marketing Positioning Elizabeth Taylor Quilliam October 22, 2007.

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Presentation on theme: "Situation Analysis SWOT Analysis Segmentation & Target Marketing Positioning Elizabeth Taylor Quilliam October 22, 2007."— Presentation transcript:

1 Situation Analysis SWOT Analysis Segmentation & Target Marketing Positioning Elizabeth Taylor Quilliam October 22, 2007

2 Company: Navway Competition Customer Community

3  Social, cultural, and economic influences  Determinations of the future  Changes in technology  Demographic trends Community

4  Consumer needs and decision-making process  Demographic, psychographic profiles  Target markets:  To segment or not to segment  Targeting specific segments  Positioning Customer

5  What is an industry?  Products  Types of customers  Geography  Stage in the production-distribution pipeline  Competitive rivalry  Threat of new entrants  Bargaining power of customers and suppliers  Threat of substitute products/services Competition

6  Need to consider:  Number  Relative size  Competitive prowess Competition

7  Physical resources  Financial resources  Human resources  Organizational resources  Other considerations – legal, regulatory Company- Navway

8 Company: Navway Community Customer Competition

9

10  Segmenting:  Segmenting: grouping customers or prospects according to common characteristics, needs, wants or desires  Targeting:  Targeting: analyzing, evaluating and prioritizing the market segments deemed most profitable to pursue  Positioning:  Positioning: the standing of a brand in comparison with its competitors in the minds of customers, prospects, and other stakeholders Customer

11  Identify needs (benefits) of individual consumers  Group consumers into homogeneous subgroups based on their needs profile  Identify factors related to these subgroups  Select target markets  Develop position for product within selected subgroups

12  Sufficient size and market potential  Is it worth it?  Measurability of market potential  Can we measure the difference?  Reachability or accessibility  Can we reach them?  Differences in market response  Will they buy in different ways?  Durability  Will the difference last long enough to be profitable?

13  Geographic  Demographic  Psychographic  Behavioral

14 - Age - Education - Gender - Religion - Family size - Race - Family life cycle - Nationality - Income - Social class - Occupation

15  Lifestyles  Attitudes, Interests, and Opinions (AIO) Product specific Generalized People taking control of their circumstances Approaching an action Making judgments about information  Demographic clues to lifestyles  Personality  Levels of optimism, intellectual ability, etc.

16  Definition  Location of brand in consumer’s mind  Selection of category in which the brand competes and the basis on which it differentiates itself  Means of linking brand to the product category and either the user or the attribute/ benefit  Directs entire marketing mix

17  Attribute  Price and quality  Use or application (occasion)  Product user  Product class  Competitor

18  Identify relevant competitors  Measure consumer perceptions  Determine competitor positions (map)  Two dimensions: Emotional and rational

19

20  Identify relevant competitors  Measure consumer perceptions  Determine competitor positions (map)  Two dimensions: Emotional and rational  Analyze consumer needs  Is there an available opening?  Select desired positioning for your brand  Implement program to support the positioning  Monitor consumer perceptions of the positioning

21 And now … strategic focus


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