BRAND POSITIONING AND BRAND PERSONALITY

Slides:



Advertisements
Similar presentations
3.02 Position products/services to acquire desired business image.
Advertisements

Market Analysis and Strategy
Module 3 Market segmentation Dr. Mohamed Zamil AL-Akhtaby.
Customer-Driven Marketing Strategy Creating Value for Target Customers
MARKETING MANAGEMENT 13th edition
10 Crafting the Brand Positioning
Chapter Six Market Segmentation. Chapter Objectives Identify the rationale for using a target marketing strategy. Identify the bases for consumer segmentation.
Learning Goals Learn the three steps of target marketing, market segmentation, target marketing, and market positioning Understand the major bases for.
“You cannot be all things to all people”
© 2002 Pearson Education Canada Inc. 7-1 principles of MARKETING Chapter 7 Market Segmentation, Targeting, and Positioning for Competitive Advantage.
IDENTIFYING MARKET SEGMENTS AND TARGETS
Definition Market Segmentation:
SELECTING THE RIGHT TARGET MARKET Entrp 1: Lecture 4.
Chapter 7- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven Customer-Driven Marketing Strategy Creating Value.
Market Research Common Views of Marketing Research Gathering data from markets Conducting customer surveys Determining the needs of customers.
CHAPTER 3: BRAND POSITIONING & VALUES
Objectives Be able to define the three steps of target marketing: market segmentation, target marketing, and market positioning. Understand the major.
Learning Goals Learn the three steps of target marketing, market segmentation, target marketing, and market positioning Understand the major bases for.
7- 1 Copyright © 2012Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter Seven Customer-Driven Marketing Strategy:
7- 1 Copyright © 2012Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter Seven Customer-Driven Marketing Strategy:
Chapter 8: Brand positioning
7-1 Density or Climate City or Metro Size World Region or Country Step 1. Market Segmentation Geographic Segmentation.
Objectives Be able to define the three steps of target marketing: market segmentation, target marketing, and market positioning. Understand the major.
Customer Based Brand Equity Chapter 2. Customer Based Brand Equity The differential knowledge that brand knowledge has on the marketing of that brand.
COMPETITION IS EVERYWHERE
Chapter 7- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven Customer-Driven Marketing Strategy Creating Value.
Customer-Driven Marketing
Chapter 7- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven Customer-Driven Marketing Strategy: Creating Value.
UNDERSTANDING PRINCIPLES OF MARKETING
Applied Mareking. What is a market segment? A market segment consists of a group of customers who share a similar set of needs and wants.
Session Outline Differentiation and Positioning Market Segmentation
Marketing Winter SEGMENTATION, TARGETING AND POSITIONING Session 4 Wednesday, April
1.  Market orientation as philosophy  Market segmentation  Targeting market  Positioning  Marketing mix 2.
Chapter Seven Customer-Driven Marketing Strategy:
Marketing Management 13 April Customer-Driven Marketing Strategy: Creating Value for Target Customers.
8 Identifying Market Segments and Targets
Global Edition Chapter Seven
Understanding Principles Of Marketing Pertemuan 09 Matakuliah: J Pengantar Bisnis Tahun: 2009.
Segmentation, Targeting and Positioning. Divide a market into separate groups.
Chapter Six Segmentation, Targeting, and Positioning:
MM271 Introduction to Marketing Topic 4 Identifying Market Segments & Targets.
Objectives Be able to define the three steps of target marketing: market segmentation, target marketing, and market positioning. Understand the major.
© 2009 South-Western, Cengage LearningMARKETING 1 Chapter 7 COMPETITION IS EVERYWHERE 7-1Focusing on Market Segments 7-2Positioning for Competitive Advantage.
Targeting, and Positioning for Competitive Advantage
BRAND POSITIONING & VALUES
Chapter 9 PowerPoint slides Express version Instructor name
Market Segmentation, Targeting, and Positioning
Customer-Driven Marketing Strategy: Creating Value for Target Customers 7 Principles of Marketing.
Chapter 7- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven Customer-Driven Marketing Strategy Creating Value.
Principles of Marketing
Situation Analysis SWOT Analysis Segmentation & Target Marketing Positioning Elizabeth Taylor Quilliam October 22, 2007.
MARKETING STRATEGY O.C. FERRELL MICHAEL D. HARTLINE 6 Market Segmentation, Target Marketing, and Positioning.
Chapter 7- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven Customer-Driven Marketing Strategy: Creating Value.
BRAND PERSONALITY ? A set of human characteristics that are associated with a brand name Personality how the brand behaves Companies uses brand personality.
Segmentation, Targeting and Positioning Lecture no 6.
1. Establish overall strategy or objectives segmentation strategy must be consistent with and derived from the firm's mission and objectives, and SWOT.
BUSINESS 1 Understanding Marketing Processes and Consumer Behavior.
Project Template Market Segmentation, Targeting, and Positioning IRIBUS IVECO of Italy.
Principles of Marketing  This is possibly the most important topic of this entire course.  All marketing strategy and tactics need a good understanding.
U.3-MARKET SEGMENTATION. What is a Market? PEOPLE BUT - not just ANY people, they have to have Willingness to buy Purchasing power (money) Authority to.
Identifying Market Segments and Targets. Starting Note… Companies can not connect with all customers in large, broad, or diverse market. But they can.
Market Segmentation, Targeting, and Positioning
Market Segmentation, Targeting, and Positioning Boe Dube
COMPETITION IS EVERYWHERE
CHAPTER 3: BRAND POSITIONING & VALUES
Market Segmentation, Targeting, and Positioning. The STP Process Segmentation is the process of classifying customers into groups which share some common.
BRAND PERSONALITY A set of human characteristics that are associated with a brand name Personality how the brand behaves Companies uses brand personality.
CHAPTER 3: BRAND POSITIONING & VALUES
Principles of Marketing
Market Segmentation and Strategic Targeting
Presentation transcript:

BRAND POSITIONING AND BRAND PERSONALITY Download slides and course outline at: www.caad.au.edu - AD3112 BRAND POSITIONING AND BRAND PERSONALITY AD3112 By A.Autcha Sudhankitara (A. JIG)

Brand Positioning Brand positioning refers to ‘determining desired brand knowledge structures’ (Keller, 2008: 98).  Brand positioning refers to determining the part of the brand identity that is to be actively communicated to the target audience. ‘Brand positioning is at the heart of marketing strategy’ (Keller, 2008: 98). ‘Good brand positioning helps to guide marketing strategy by clarifying what a brand is all about, how it is unique and how it is similar to competitive brands, and why consumers should purchase and use it’ (Keller, 2008: 98). Brand position refers to ‘the standing of a brand in comparison with its competitors in the minds of customers, prospects, and other stakeholders’ (Duncan, 2008: 75).  Brand position refers to ‘the part of the brand identity that is to be actively communicate to the target audience” (Aaker, 1996, p. 71; p. 176).

The Changing of Brand Positioning

Brand Positioning Analysis 1. Self Analysis 2. Competitive Analysis 3. Subset Analysis 4. Target Analysis

Brand Positioning Analysis 1. Self Analysis Self Analysis is the process to find our brand identity and associations and what are our previous brand positions.

Competitors  Brand Positioning Analysis 2. Competitive Analysis Competitive Analysis: In this analysis what we need to know is who are our competitors? (Competitor Identification) Competitors 

When you analyze your competitors, what you need to know? Brand Positioning Analysis 2. Competitive Analysis When you analyze your competitors, what you need to know? Direct or Indirect Competitors ? What are the competitors’ brand identities and associations? What are the competitors’ previous brand positions?

Brand Positioning Analysis 3. Subset Analysis Points of difference (PODs) refers to ‘attributes or benefits that consumers strongly associate with a brand, positively evaluate, and believe that they could not find to the same extent with a competitive brand’ (Barwise & Meehan as cited in Keller, 2008: 107) ‘Points of parity (POPs) refers to ‘attributes or benefits that are not necessarily unique to the brand but may in fact be shared with other brands’ (Keller, 2008: 109).

Brand Positioning Analysis 3. Subset Analysis Consumers’ actual brand choices often depend on the perceived uniqueness of brand associations’ (Keller, 2008: 108).

Brand Positioning Analysis 4. target analaysis ‘Identifying the consumer target is important because different consumers may have different brand knowledge structures and thus different perceptions and preferences for the brand’ (Keller, 2008: 99). Method: Gathering the Target Insights by using ‘Segmentation bases’ What are the PODs that the target prefer?

Segmentation Bases Descriptive or customer-oriented: what kind of person or organization the customer is. (Who? Consumers Vs. Buyers) Behavioral or product-oriented: how the customer thinks of or uses the brand or product. (depend on product category)

1. Descriptive or Consumer oriented Who? Consumers Vs. Buyers 1.1 Consumer Segmentation Bases 1.2 Business-to-business Segmentation Bases

1.1 Consumer Segmentation Bases Behavioral User status Usage rate Usage location Brand loyalty Benefit sought Demographic Income Age Sex Race Family Psychographic Value, opinion, and attitudes Activities and lifestyle Geographic - International - Regional

1.2 Business-to-business Segmentation Bases Nature of good Kind Where used Type of buy Buying condition Purchase location Who buys Demographic Number of employees Number of production workers Annual sale volume Number of establishments

2. Behavioral or product-oriented Ex. Product: Toothpaste The sensory segment: seeking flavor and product appearance. The sociable: Seeking brightness of teeth The worriers: seeking decay prevention The independent segment: seeking low price

Brand Positioning Analysis 4. target analaysis

Brand Personality Brand personality refers ‘the set of human characteristics associated with a given brand’ (Aaker, D., 1996, p. 141). There are 5 major dimensions of brand personality known as the Big Five which are as following:

Sincerity Brand Personality Sincerity brands are those which makes caring image towards customers by showing honesty, wholesome and Cheer. Link: Bear brand milk http://www.youtube.com/watch?v=C9ZY9yGutyw

Excitement Brand Personality These type of products promote daring, imaginative and adventurous environment and target people which are experiencers. Link Marlboro TVC Ad: http://www.youtube.com/watch?v=-FkoZZ63ZkM

Competence Brand Personality Competence reflects that these brands are famous and successful in market. These products attract customers because they are reliable and intelligent. “MAKE IT GREAT”

Sophistication Brand Personality Sophisticated brands are those brands, which target upper class and have charming look. They promote executives and decent style.

Ruggedness Rugged brands are seen as outdoorsy and tough. Brand Personality Rugged brands are seen as outdoorsy and tough.

BrandAsset Valuator Archetypes Y&R Advertising Agency as cited in Solomon, 2011: 245)

BrandAsset Valuator Archetypes

Brand Personality Model (cont.) Self-expression Model: Brand personality can help create a self- expressive benefit that becomes a vehicle for the customer to express his or her own personality.” (Aaker, 1996, p. 83)

Brand Personality Model Relationship Basis Model: As human personalities affect relationships between people, brand personality can be the basis of a relationship between the customer and the brand.” (Aaker, 1996, p. 84) For example, relationship metaphors: A weekend fun companion: COKE A person who you respect: IBM or the Wall street journal

The Brand positioning statement Brand positioning statement is A statement that describe the “place” that brand should occupy in the minds of target consumers. How brand is seen in the marketplace. Focuses on what is unique to the brand. According to Franzen and Moriarty (2009: 168), the brand positioning can be verbalized in a statement, containing the following 7 elements Target or customer group Product category Brand name Benefit Competitors Reasons Brand personality

The Brand positioning statement 7 elements of Brand positioning statement To _______________ (target customer group) buying _______________ (product category), the brand _______________ (brand name) offers _______________ (benefit) over _______________ (competitors). The reason is _______________ (reasons why). The brand personality can be described as _______________ (brand personality).

Assignment 3 Brand Positioning and Brand Personality Marks Allocation = 10% Group Members = 2-4 peoples Task: Choose 3 existing “product brands” with the same product category. Analyze the brand identity and brand associations of your chosen “product brands”. Conduct a subset analysis to identify the POPs and PODs of your chosen product brands. Create your product brand's Positioning Statement. (Choose only one product brands that your target prefer POD) Prepare = Keynote or PowerPoint presentation Duration = 10 minutes/Group