Professional Documents
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OBJECTIVES
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MARKET SEGMENTATION
Segmentation:
Process that companies use to divide large heterogamous
markets into smaller markets, what can be reached more
efficiently and effectively with products and services that
match their unique needs.
MARKET SEGMENTATION
MARKET SEGMENTATION
Geographic Segmentation
Divides the market into different geographical units such as
nations, regions, states, counties or cities.
Demographic Segmentation
Divides the market into groups based on variables such as age, gender,
family size, family life cycle, income, occupation, education, religion, race,
generation and nationality
MARKET SEGMENTATION
Psychographic segmentation:
Divides the buyers intro different groups based on social class,
lifestyle or personality traits
Behavioral Segmentation:
Divides buyers into groups based on their knowledge, attitudes, uses or
responses to a product.
Factors to consider:
Occasions
Benefits sough
User status
User rate
Loyalty status
MARKET SEGMENTATION
TARGETING
Evaluate market segments
Segment size and growth
Segment structural attractiveness
Company objectives and resources
TARGETING
Target Marketing Strategies
Undifferentiated marketing:
TARGETING
Differentiated marketing
TARGETING
Micromarketing:
The practice of tailoring products and marketing programs to
suit the tastes of specific individuals and locations
Local marketing
Individual marketing
TARGETING
Local marketing
Involves tailoring brands and promotion to the needs and wants of local
customer groups
Cities
Neighborhoods
stores
TARGETING
Individual marketing:
Involves tailoring products and marketing programs to the needs and
preferences of individual customers.
TARGETING
TARGETING
POSITIONING
POSITIONING
POSITIONING
POSITIONING
POSITIONING
POSITIONING
POSITIONING
Segmentation
Targeting
Positioning
Demographic: Age
Kids, Youth
Psychographic:
Lifestyle
2 minute noodles
Behavioral: Eating
habits of urban
families
Health conscious
people
(Gulati, 2013)
REFERENCES
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