Documente Academic
Documente Profesional
Documente Cultură
Marketing
Chapter takeaways
Understand marketing strategy, its
impact on communication, and vice versa
Identify a firms area of competitive
advantage, and understand basic
competitive strategies
Learn about segmenting, targeting,
differentiating and positioning
Comprehend decisions related to
marketing mix elements and their impact
on promotions
To segment or not?
Segmentation criteria
Target marketing
Differentiation
Positioning
The act of designing
and projecting a
distinctive image of
the companys
offering in the minds
of the target market
Positioning map
indicates the relative
placement of brands
in consumers minds
based on 2-3 select
product
characteristics.
Positioning options
Benefit
positioning
User
positioning
Competitor
positioning
Attribute
positioning
Quality or price
positioning
Image/
personality
positioning
Application
positioning
Product class
positioning
Attribute positioning/Benefit
positioning
User Positioning
Choosing a positioning
strategy
8-to-8 banking
Employee presentations for
culture change
Apple
Nutri-Bar
Positioned as convenience snack
Good food to go
Repositioned as breakfast
substitute
Respect yourself in the
morning
Intangible
Inseparable
Variable
Perishable
Product symbolism:
Sum total of
product/brand
experience
Introduction
Growth
Maturity
Decline
Product attributes:
quality, features, design
Packaging:
Conceptualize, design &
produce product
container
Branding: Investing a
product with desired
brand attributes
Product symbolism
Communicating
product-related aspects
Quick Q!
A products package serves as:
a) A container to hold & protect a product
b) A means for clubbing product into
assortments
c) A safety device
d) A communication tool
e) All of the above
Distribution
Distribution
channels:
Organisations,
individuals &
processes making
products available
from manufacturer
to end user
Pull
strategy
PULL
Appropriate when:
High brand loyalty
High product
involvement
Product has unique
benefits or is superior
to competition
Purchase decision is
made before going to
the store
Price
What a consumer
pays or gives up for
product acquisition
includes time, energy
& psychic costs
Pricing considerations:
Product perception
Consistency with other
marketing mix elements
Market & competition
Price serves as an
indicator of product
quality high price
is associated with
superior quality
Advertising
increases a firms
ability to charge a
higher price without
lowering demand
Rasna communicates
its value-for-money pricing
Quick Q!
A product that has high quality and
low price will usually:
a)
b)
c)
d)