Socially Responsible Target Marketing
Benefits customers with specific needs
Concern for vulnerable segments
Children
Alcohol
Cigarettes
Internet abuses
Differentiation and Positioning
Product position is the way the product is defined by consumers on important attributes—the place the product occupies in consumers’ minds relative to competing products
Perceptions
Impressions
Feelings
Positioning maps show consumer perceptions of their brands versus competing products on important buying dimensions
Choosing a Differentiation and Positioning Strategy
Identifying a set of possible competitive advantages to build a position
Choosing the right competitive advantages
Selecting an overall positioning strategy
Communicating and delivering the chosen position to the market
Identifying Possible Value Differences and Competitive Advantages
Competitive advantage is an advantage over competitors gained by offering consumers greater value, either through lower prices or by providing more benefits that justify higher prices
Identifying a set of possible competitive advantages to build a position by providing superior value from:
Product differentiation
Service differentiation
Channel differentiation
People differentiation
Image differentiation
Choosing the Right Competitive Advantage
Difference to promote should be:
Important
Distinctive
Superior
Communicable
Preemptive
Affordable
Profitable
Selecting an Overall Positioning Strategy
Value proposition is the full mix of benefits upon which a brand is positioned
Developing a Positioning Statement
To (target segment and need) our (brand) is (concept) that (point of difference)
Communication and Delivering the Chosen Position
Choosing the positioning is often easier than implementing the position