Professional Documents
Culture Documents
Corporate level.
Divisional level.
Business unit level.
Product level.
Advertising
Merchandising
Pricing
Product Variants
4PS
4CS
PRODUCT
-power
PRICE
COST TO SATISFY
PLACE
CONVENIENCE
PROMOTION
COMMUNICATION
-physical
environment
-price
-product
-place
-promotion
4. Competitive analysis
You need to know who your competitors are
and how your products and services are different.
What is the price point at which your competitors
are selling, and what segment of the market are
they aiming to reach? Knowing the ins and outs of
your competitors will help you better position your
business and stand out from the competition.
Growth
Strategies:
a. Horizontal
Integration
b. Vertical
Integration
6. Budget.
Develop a month-by-month schedule of what
you plan to spend on marketing. Also include a red
light decision point. For each activity, establish a
metric that tells you to stop if its not generating
sufficient return on investment (ROI).
7. Timeline
A timeline is a way of displaying a list of events
in chronological order, sometimes described as a
project artifact. It is typically a graphic
design showing a long bar labelled
with dates alongside itself and usually events
labelled on points where they would have
happened.
5. Market strategy.
of making a profit.
Markets
1. CULTURAL FACTORS
person
has
personality
characteristics
that
specific
dominance,
autonomy,
difference,
members.
a.) Motivation
b.)
discomfort.
Psychogenic-
they
arise
from
individual
selects,
organizes
and
interprets
the world.
reference group.
3. PERSONAL FACTORS
d.) Beliefs and attitudes- A belief is a descriptive
a.) Age and stage in life cycle- People buy
different goods and services over a lifetime.
b.) Occupation and economic circumstancesalso influences consumption patterns. Marketers try
to identify the occupational groups that have aboveaverage interest in their products and services.
Internal information:
Purchase Decision
External information:
Post-Purchase Evaluation
The consumers take action after purchase
based on their satisfaction or dissatisfaction.
EXAMPLE:
Stage 1 Need recognition: Its sunday night.
Youre hungry (internal physiological stimuli) and
there is nothing in the fridge. You will order food
(statement of need).
Stage 2 Information search: You already have
ordered to the Indian restaurant in your street last
month (internal information). A friend recommended
a pizzeria in your neighbourhood (external
information from environment). And this morning
youve found a flyer for a sushi restaurant in your
mailbox (external information from advertising).
Stage 3 Alternative evaluation: You have a bad
opinion of the Indian restaurant since youve been
sick the last time (inept set). The pizzeria is both
recommended by your friend and also happens to
be a well-known brand (positive perception
evoked set). As for the sushi restaurant, it got good
reviews on Tripadvisor (positive perception
evoked set).
Stage 4 Purchase decision: After evaluating the
possibilities, youve decided to choose the wellknown pizza delivery chain. In addition, a new
episode of your favorite TV show is broadcasted
tonight on TV.
Stage 5 Post-purchase behavior: The pizza
was good (positive review). But you know there
were too many calories and you regret a little bit
(mixed feelings about yourself). The next time you
will choose the sushi restaurant. There is less fat in
sushi than pizza (next purchase behavior)!
Who buys?
Initiator - The person who begins the process of
considering a purchase. Information may be
gathered by this person to help the decision.
been
shown
to
increase
have
focused
on
creating
our
perspective
important questions.
BRAND EQUITY
and
ask
create
the
good
attitudes
of
and
valuable
information
to
2. Concentration-
if
market
is
being
beyond
the
functional
benefits
provided.
Brand Personality
It is a set of human characteristics that are
attributed
to
a brandname.
A brand
personality is something to which the consumer
can relate, and an effective brand will increase
its brand equity by having a consistent set of
traits.
The
brand
personality
gives consumers something with which they
can
relate,
effectively
increasing brand
awareness and popularity.
childrens
entertainment.
Second
Dove
Purist personality: Julie Andrews
A purist brand champions values such as
wholesomeness, ethics, simplicity and purity.
Examples of purist brands are Dove, Disney and
Sesame Street.
2. Pioneer
Nike
Conqueror personality: Michael Jordan
Conqueror brands are those that are associated
with performance, resilience, steadfastness,
character and endurance. Good examples of
conqueror brands are Nike and Weight Watchers.
5. Rebel
Harley Davidson
Rebel personality: Madonna
Rebel brands champion values such as
independence,
controversy,
freedom
and
nonconformity. For these brands, rules are meant
to be broken. Examples of rebel brands include
Harley Davidson, Red Bull and WWE (World
Wrestling Entertainment).
6. Wizard
Pixar
Wizard personality: Steve Jobs
Wizard brands specialise in taking the ordinary and
transforming it into the extraordinary. Wizard
brands champion values such as imagination,
surprise and curiosity. Good examples of wizard
brands are Apple and Pixar.
7. Straight Shooter
10. Protector
Easy Jet
Straight shooter personality: Simon Cowell
Straight shooter brands value authenticity (keeping
it real), honesty and frankness. They also prioritise
function over appearance; examples include Easy
Jet and Southwest Airlines.
8. Seducer
Victoria's Secret
Seducer personality: Marilyn Monroe
Seducer brands are associated with values such as
beauty, pleasure, passion, desire, sensuality and
intimacy. Good examples of seducer brands are
Victorias Secrets and DeBeers.
9. Entertainer
Dr. pepper
Entertainer personality: Jerry Seinfeld
Entertainer brands champion values such as
spontaneity, charm and humour. These brands
seem to enjoy helping their customers discover the
fun side of life. Examples of entertainer brands
include Dr Pepper and M&Ms.
Johnson
Protector personality: Mother Theresa
Protector brands embody and promote values such
as compassion, kindness, care, and love.
Examples of protector brands are Campbells Soup
and Johnson & Johnson.
11. Imagineer
Lego
Imagineer personality: Michael Jackson
Original thinking, vision, artistry and creativity are
values embodied by imagineer brands. These
brands help their customers to create; examples
include Lego, YouTube and Photoshop.
12. Emperor
Rolex
Emperor personality: Warren Buffet
Leadership, determination, respect, dominance,
influence and wealth are values that are associated
with emperor brands. Good examples of emperor
brands are American Express, Porsche and Rolex.
Brand Image- is overall impression in consumers
mind that is formed from all sources.
The main element of positive brand image are:
McDonalds
For example, when I (personally) think of
McDonald's brand image, I think of "unhealthy",
"obesity", "fast food", which I am sure is a far cry
from how they think of their brand image and how
they want people to identify with their brand.
McDonald's wants us to perceive their brand as
"fast", "convenient", "family oriented", and even
"fun".
Coke
Brand image. It is an important factor influencing
Coca Cola sales. The brand has the privilege to be
known all around the world as they have built their
image on a universal value, happiness. The brand
is perceived by consumers as a part of daily life
and of their life style. Coke is this globalized
product that has the same taste customers are
looking for, and which give the same pleasure of
refreshment during break together.
Nike
Nike brand image that the company initially was
building is a pure American icon, high performance,
innovative aggressive brand, associated with high
notch athletes, achievers and winners; mainly
serious males.
Johnson and Johnson
People trust J&J and know that their products are
safe and that, in the eyes of the company, their
customers are one of their top priorities. This helps
to keep the brand image up for the company
because the customers like to feel they are a top
priority in the mind of the company.
Types of Segmentation
Demographic Segmentation
It defines consumer group according to
demographic variables such as:
Marketing Segmentation
Micromarketing
STEVE MADDEN
As you can see, the STEVE MADDEN
site is focus on targeting young, fashionconscious buyer. The emphasis on the
page is to make a bold fashion statemen
Geographic Segmentation
Dividing an overall market into
homogeneous group based on their
location.
Country
State
City
Region
Sample: Tropical countries like Philippines,
an air conditioner are sold here to lessen
the hot temperature unlike in other country
such as Korea and Japan the use heater to
lessen the cold temperature.
t.
TALBOTS
While TALBOTS Site is rendered in
more muted, conservative style for older
and more established buyers.
Psychographic Segmentation
Social Class
Activities
Interest
Opinions
Personality
Values
Behavior Segmentation
Behavior
Occasion
2.
3.
4.
5.
6.
TARGET MARKETING
It is the process of selecting the market segments
that are most attractive to the company.
Your target customers are those who are most
likely to buy from you. Resist the temptation to be
too general in the hopes of getting a larger slice of
the market.
Age
Location
Gender
Income level
Occupation
Personality
Attitudes
Values
Interests/hobbies
Lifestyles
Behavior
Three Markets
Business-to-consumer (B2C)
It is a business or transactions
conducted directly between a company
and consumers who are the end-users
of its products or services.
Business-to-business (B2B)
It is a type of commerce transaction that
exists between businesses, such as
those involving a manufacturer and
wholesaler, or a wholesaler and a
retailer.
Business-to-government (B2G)
Business to government typically
encompasses the determination and
evaluation of government agency
needs, the creation and submission of
proposals and the completion of the
contracted work.
Consumer-to-consumer (C2C)
It is a business model that facilitates an
environment where customers can trade
with each other.
Four Elements
BRAND POSITIONING
activities in mind.
-
Integrated Marketing
Specialties
Customer Service, Fulfillment, Information
Services, Marketing
Customer Service
-
Fulfillment
-
Information service
-
Marketing
-