Professional Documents
Culture Documents
the products of one firm and to differentiate them from competitive offerings.
Something used to show customers that one product is
over the taste of Coke. However , if the test is not blind and the tasters know which beverage is which, the prefer the taste of Coke over Pepsi! That is the emotional power of a brand.
The first shape that was registered is the coca cola
bottle.
Marketing Strategy
Segmentation
Targeting Positioning
What is positioning?
Positioning is the act of designing the companys
offering and image to occupy a distinctive place in the minds of the target market. The goal is to locate the brand in the minds of the consumers to maximize the potential benefit to the firm. Good brand positioning helps, guides marketing strategy by clarifying the brands essence what goals it helps the consumer achieve and how it does so in unique way.
What is positioning?
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. That is, you position the product in the mind of the prospect
premium coffee consumption in India by opening a chain of coffee retail outlets in 1996. Targeted the young generation and opened their outlets near colleges and software companies. Ambience was one of the spirited music and bright lighting to reinforce the concept of chill-out zone.
Brand Positioning-Barista
Opened their own chain of coffee bars in the year 2000
targeting the executive class of coffee-loving customers. Positioned itself on the lines of traditional European cafs. With its stylish and sober ambience and with facilities like Internet connectivity emerged as favourite destination where executives met with business associates and conducted business while savoring the coffee aroma.
executives
Brand Differentiation
The promise of delivering pizza within 30 minutes plays a key differentiating role for the brand.
Positioning results in
The creation of a
A persuasive REASON WHY the target market should buy the product.
A vehicle that provides the luxury and comfort of a car, and the adventure and thrill of an SUV
A spacious, small car without extra costs A good, hot pizza delivered to your door within 30 mins
Spaciousness
Dominos Pizza
To determine proper competitive frame of reference-Understand the consumer behavior , customer target market and nature of competition.
launched their brand MOOV as a balm for relieving joint pains that troubled old people.
Repositioned the brand as
Points Of Difference(PODs)
Points Of difference(PODs)
Attributes or benefits consumers strongly associate with a
brand, positively evaluate, and believe they could not find to the same extent with a competitive brand Apple (design) Nike (performance) Lexus(quality) Volkswagen (engineering)
Points-of-parity (POPs)
Associations that are not necessarily unique to the brand
but may be shared with other brands Category points of parity: consumers view it as essential for a legitimate and credible product offered. Necessary but not sufficient conditions for the choice of a brand Competitive points of parity: Negates competitors points of difference.
POD VS POP
competition-based approach to positioning because they imply the goal that a consumer achieves by using a brand. If consumers know the category, linking the brand to it quickly brings to mind the goal that is achieved by brand use; in other words, asking someone to have a glass of wine is an invitation to visit and to socialize.
Straddle Positioning-BMW
Positioned itself as an automobile that offered both
luxury and performance. BMW was able to simultaneously achieve A point-of-difference on luxury and point-of-parity on performance with respect to performance cars and A point-of-difference on performance and point-ofparity on luxury with respect to luxury cars.
Comparing to exemplars
Distinctiveness
Believability
Desirability Criteria
Relevance
Target Consumers must find the POD personally relevant and important. Distinctiveness Target consumers must find the POD distinctive and superior. Believability Target consumers must find the POD believable and credible. A brand must offer a compelling reason for choosing it over the other options.
Feasibility
Communicability
Sustainability
Deliverability Criteria
Feasibility
The product design and marketing offering must support the desired association. Communicability Consumers must be given a compelling reason and understandable rationale as to why the brand can deliver the desired benefit. Sustainibility The firm must be sufficiently committed and willing to devote enough resources to create an enduring position.
If consumers rate the brand highly on one particular attribute or benefit, they also rate it poorly on another important attribute.
Unfortunately, consumers typically want to maximize both attributes and / or benefits. The best approach is to develop a product and service that performs well on both dimensions.
Powerful Vs Safe
Strong Vs Refined Ubiquitous Vs Exclusive Varied Vs Simple
marketing compaigns each devoted to a different brand attribute. The hope is that consumers will be less critical judging the POP and POD benefits in isolation. Leverage equity of another entity- Link themselves to any kind of equity that possesses the right kind of equity. Redefine the relationship-To convince consumers that the relationship is positive and suggesting that they may be overlooking some considerations.