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DIFFERENTIATION VS POSITIONING
Differentiation is what a company does to the product (offering)
Differentiation
In Differentiation , CO. offers features that are different from the usual offerings of the competitor. Dell differentiates itself on the basis of customization. Sony Differentiates itself on the basis of superior product Quality. Micromax Differentiates itself on the basis of latest technology at reasonable price.
Positioning Introduction
Positioning starts with a product. A Piece of merchandise, a service, a company, an institution, or even a person... But positioning is not what you do to a product. Positioning is what you do to the mind of the prospect. The place the product occupies in consumers minds relative to competing products. Typically defined by consumers on the basis of important attributes. How Consumers Perceive you different from the Competitor.
Cannibalization
Situation that occurs when sales of a new product cut into sales of a firms existing products.
The Gateway Hotels : The Gateway Hotels & Resorts are full service
upscale hotels and resorts in the South Asia region. We offer consistent,
quick and crisp service for smart travellers seeking hassle-free and contemporary experiences. 3000- 10,000
GITANJALI Group
Different Brands with Different Positioning: NAKSHATRA is one of Indias most reputed diamond jewellery brands : High End SANGINI Jewellery is based on the Twist and Turns, signifying the ups and downs encountered in a growing relationship, eventually resulting in a strong special bond : Couples. GILI : leads the Indian market in casual-wear jewellery today, it shifted the paradigm "from occasional need...to a need for every occasion ASMI : Jewellery has a contemporary delicate and feminine look that is distinctly evocative of strength & grace : In brief Asmi is for the woman of spirit.
GITANJALI Group
Positioning Strategies
MORE FOR MORE : DELIVERABLES PRICE Luxury Image Outstanding Quality offers to delight customers at a high price.
Positioning Strategies
MORE FOR THE SAME : DELIVERABLES PRICE Claims of more quality and benefits at prices comparable to the competitors or less than the competitors Micromax : Range of Features against MNCs at a much affordable prices. Luxury Cars for Less : Toyota Motors Lexus, Maruti Suziki Kizashi, Hyundai Sonata
Positioning Strategies
Same for Less : DELIVERABLES PRICE Do not offer unique but same at low prices
Positioning Strategies
Less for Much Less : DELIVERABLES PRICE Only basic product and offering at a less price that seems to be very affordable. Ginger Hotels by Taj Ryan Airlines: Ireland
Positioning Strategies
MORE FOR LESS : : DELIVERABLES PRICE Claim to offer more benefits at lesser price. Quality issue may arise at later stage. Might not sustain in Long run. Karbon Mobiles Rejoice Shampoo : Shampoo + Conditioner
Perceptual Mapping
A means of displaying or graphing, in two or more dimensions, the location of products, brands, or groups of products in customers minds.
Perceptual Mapping
Expensive
Ferari Volkswage n Mercede s Chrysle r
Sporty
Hyundai Chevrolet Mahindra
Conservative
Tata
Less expensive