0% found this document useful (0 votes)
7 views1 page

Chapter 7

The document outlines a customer-driven marketing strategy that emphasizes understanding and catering to specific customer needs through market segmentation, targeting, differentiation, and positioning. It details various segmentation methods, including geographic, demographic, psychographic, and behavioral approaches, as well as strategies for targeting and positioning products effectively. Additionally, it discusses the importance of creating a strong value proposition and maintaining consistent communication to ensure successful product positioning.

Uploaded by

duclongnhe24
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
7 views1 page

Chapter 7

The document outlines a customer-driven marketing strategy that emphasizes understanding and catering to specific customer needs through market segmentation, targeting, differentiation, and positioning. It details various segmentation methods, including geographic, demographic, psychographic, and behavioral approaches, as well as strategies for targeting and positioning products effectively. Additionally, it discusses the importance of creating a strong value proposition and maintaining consistent communication to ensure successful product positioning.

Uploaded by

duclongnhe24
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

xim

xim

xim

xim
d

d
ra

ra

ra

ra
o

o
B

B
A customer-driven marketing strategy focuses on understanding and
meeting the needs of specific customer groups through segmentation,
targeting, differentiation, and positioning.

xim

xim

xim

xim
d

d
r

ra
a

a
o

o
B

B
Segmenting the market
Targeting the right segments
xim

xim

xim

xim
UnderstandingCustomer-DrivenMarketingStrategy
d

d
Differentiating their offerings
ra

ra

ra

ra
o

o
B

B
Positioning their products/services in a unique way
Geographic Segmentation Dividing the market by location (nations,
regions, cities).
xim

xim

xim

xim
Demographic Segmentation Grouping consumers based on variables like:
d

d
r

ra
a

a
Age, Gender, Income, Occupation, Education, Religion, Race, Nationality
o

o
B

B
Psychographic Segmentation Dividing buyers by:
Consumer Market Segmentation Social class, Lifestyle, Personality traits
Occasions When consumers buy the product
xim

xim

xim

xim
d

d
ra

ra

ra

r
Benefits Sought What value they seek

a
o

o
Behavioral Segmentation Categorizing consumers based on their
B

B
interactions with the product User Status First-time, regular, former buyers
Usage Rate Light, medium, heavy users
Loyalty Status Brand-switchers, loyal customers
xim

xim

xim

xim
d

d
Industry
r

ra
a

a
o

o
Type
B

B
Company
MarketSegmentation Consumer Market Segmentation B2B segmentation is based on: Size
Purchasing
xim

xim

xim

xim
Behavior
d

d
ra

ra

ra

ra
Geographic factors (countries, regions)
o

o
B

B
Economic factors (income levels, economic stability)
. International Market Segmentation International markets are segmented based on:
Political & Legal factors (government regulations, trade policies)
xim

xim

xim

xim
Cultural factors (languages, values, customs)
d

d
r

ra
a

a
This strategy groups customers with similar buying behaviors across
o

o
B

B
different countries.
Intermarket Segmentation
Size & Growth Potential Is the segment large and profitable?
xim

xim

xim

xim
d

d
ra

ra

ra

r
Companies assess market segments based on: Structural Attractiveness Level of competition, barriers to entry

a
o

o
B

B
Company Objectives & Resources Fit with business goals and capabilities
Treats the entire market as one segment
Customer-DrivenMarketing Undifferentiated Mass) Marketing Focuses on common needs rather than differences
xim

xim

xim

xim
d

d
Strategy: Example: Coca-Cola’s original marketing approach
r

ra
a

a
MarketTargeting
o

o
B

B
Targets multiple segments with different offers
CreatingValueforTargetCustomers Differentiated Segmented) Marketing Goal: Higher sales & stronger positioning
Example: Nike markets different shoes for runners, basketball players, and
xim

xim

xim

xim
Targeting Strategies casual users
d

d
ra

ra

ra

ra
Targets a small, specialized market
o

o
B

B
Concentrated Niche) Marketing Ideal for businesses with limited resources
Example: Rolex focuses on high-end watch buyers
xim

xim

xim

xim
Local Marketing Adapts brands to specific locations (e.g., McDonald's
menu variations worldwide)
d

d
r

ra
a

a
o

o
Micromarketing
B

B
Individual Marketing One-to-One Marketing) Customizes products for
individuals (e.g., Nike By You custom shoes)
Product positioning refers to how a brand is perceived relative to
competitors.
xim

xim

xim

xim
d

d
ra

ra

ra

r
Example: Volvo Safety, Tesla Innovation, Apple Premium Design

a
o

o
B

Positioning Positioning Maps


Visual tools that illustrate how consumers perceive different brands in a B
market.
Lower prices or
xim

xim

xim

xim
Competitive advantage is gained through:
d

d
Superior benefits that justify higher prices
r

ra
a

a
o

o
B

B
Product Differentiation Unique features, design, quality (e.g., iPhone’s
Competitive Advantage ecosystem)
Service Differentiation Exceptional customer support (e.g., Amazon’s
return policy)
xim

xim

xim

xim
d

Sources of Differentiation Channel Differentiation Efficient distribution (e.g., Walmart’s supply chain)
ra

ra

ra

ra
o

o
B

People Differentiation Well-trained staff (e.g., Ritz-Carlton’s hospitality)


Image Differentiation Strong brand image (e.g., Louis Vuitton’s luxury
appeal)
xim

xim

xim

Important Provides value to consumers xim


Differentiation&Positioning
d

d
r

ra
a

Distinctive Unique from competitors


o

o
B

Choosing a Differentiation & Positioning Strategy A strong differentiation strategy should be: Superior Better than alternatives
Communicable Easily understood by customers
Affordable Justifies its price
xim

xim

xim

xim
d

d
ra

ra

ra

A value proposition is the full mix of benefits that differentiate a brand.


a
o

o
B

Positioning Statement Template:


“To (target segment and need), our (brand) is (concept) that (point of
difference).”
Example for Tesla:
xim

xim

xim

xim

“To environmentally-conscious drivers, Tesla is the electric vehicle that


d

d
r

ra

offers the best technology, range, and performance.”


a

a
o

o
B

Value Proposition & Positioning Statement


Clear communication Advertising and branding that reinforces
differentiation.
xim

xim

xim

xim
d

Successfully positioning a product involves: Consistent delivery Ensuring the product meets customer expectations.
ra

ra

ra

ra

Communicating&DeliveringthePositioning
o

o
B

Long-term maintenance Adapting as market conditions evolve.


xim

xim

xim

xim
d

d
r

ra
a

a
o

o
B

B
xim

xim

xim

xim
d

d
ra

ra

ra

ra
o

o
B

B
xim

xim

xim

xim

You might also like