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A THREE
BY FABRICE DEMANOU
RESUME
- ONE PROCESS
- ONE TOOLBOX
STEP 1:
SET UP A MARKET
RESEARCH
PROCESS:
PROCESS:
PROCESS:
TOOLBOX:
- Internal Databases
- Interview with Customers
- Questionnaires
- Focus Groups
STEP 2:
BUILD THE MARKETING
STRATEGY
PROCESS:
a) Market SEGMENTATION
It consist in the Identification and profiling distinct groups of buyers who differ in their needs and
wants.
Market segmentation divides a market into well-defined slices. A market segment consists of a group
of customers who share a similar set of needs and wants.
MacCoffee should identify the appropriate number and nature of market segments and decide which
one(s) to target. He can use two broad groups of variables to segment consumer markets
( Geographic, Demographic, Psychographic, etc. )
This can be easily done by analysing Result of the 1st STEP.
PROCESS:
b) Market TARGETING
At this Level, MacCoffe should Select one or more market segments to enter.
There are many statistical techniques for developing market segments.
Once the firm has identified its market-segment opportunities,it must
decide how many and which ones to target.
Not all segmentation schemes (variables) are useful.
PROCESS:
c) Market POSITIONING
For each target segment, MacCoffee should establish and communicate the distinctive benefit(s) of the
companys market offering.
In evaluating different market segments, MacCoffee must look at two factors:
- The segments overall attractiveness
- Its objectives and resources.
No company can win if its products and services resemble every other product and offering. As part of the
strategic brand management process,each offering must represent the right kinds of things in the minds of
the target market.
PROCESS:
PROCESS:
TOOLBOX:
- The 4 P's
- The BRANDASSETVALUATOR
- The BrandDynamicsPyramid
- The Brand Resonance Pyramid
- The Secondary association Process
STEP 3:
IMPLEMENTATION & CONTROL
Today,companies face their toughest competition ever, and the Caf's Market in Cameroon
is not different.
It is extremely important to Move from a "Product-and-Sales" Philosophy to a HOLISTIC
MARKETING Philosophy. It gives them a betterchance of outperforming the competition.
The cornerstone of a well-conceived holistic marketing orientation is strong customer
relationships.
MacCoffee must connect with customersinforming, engaging, and maybe even energizing
them in the process. Customer centered companies are adept at building customer
relationships,not just products.
PROCESS:
TOOLBOX:
1. For IMPLEMENTATION
- The 4 P's
- The Sales Force
2. For CONTROL
- The Market SURVEY Dashboard
- Marketing Metrics
Fabrice DEMANOU