market segmentation Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs (and/or common desires) as well as common applications for the relevant goods and services. Depending on the specific characteristics of the product‚ these subsets may be divided by criteria such as age and gender‚ or other distinctions‚ such as location or income. Marketing campaigns can then be designed and implemented to target these specific
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SegmentationElaboration Geographic Segmentation Geographic segmentation involves a business dividing its market on the basis of geography. Market can be divided by geographical areas‚ such as by city‚ county‚ state‚ region (such as West Coast)‚ country‚ or international region (such as Asia). It can also be divided into rural‚ suburban‚ and urban market segments. Besides that‚ climate or total population in each area can also be the segmentation. According to The Body Shop‚ they set up the stores
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7 1.2 Mission Statement: 7 1.3 Core Values of Haier: 7 1.3 (a) Think What Consumers Think 7 1.3 (b) Enterprising and Innovative 7 1.3 (c) Win-Win Culture 7 1.4 SWOT Analysis 8 2. HISTORICAL PERSPECTIVE 9 2.1 Parent Company History: 9 2.1 (a) Rebuilding a Refrigerator Plant in the 1980s: 10 2.1(b) National Brand Leader in the 1990s: 11 2.1(c) Diversification in the 1990s: 13 2.1(d) Global Brand in the New Century: 14 2.2 History of Haier Pakistan: 15 3-STRATEGIC ANALYSIS OF CURRENT CORPORATE
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S NO. | NAME OF PRODUCT | MARKET SEGMENTATION | 1. | Gillette Mach 3(New Gillette MACH3 Sensitive is an advanced razor designed for men who want a closer‚ comfortable shave with less irritation3 – even on the most sensitive areas of the face.) | a) Demographic: 1) Gender: Male 2) Age: 16 and above 3) Income: 25‚000 and aboveb) Geographic: Urban areasc) Social Class: Middle class to Elite Class | 2. | Fair and Lovely(Fairness that changes your destiny.) | a) Demographic: 1) Gender: Female
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Geographic Segmentation Geographic segmentation calls for dividing the market into different geographical units such as nations‚ regions‚ states‚ counties‚ cities‚ or even neighborhoods. A company may decide to operate in one or a few geographical areas‚ or to operate in all areas but pay attention to geo-graphical differences in needs and wants. ACI Logistic Ltd (shwapno) today is localizing their products‚ advertising‚ promotion‚ and sales efforts to fit the needs of individual regions
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The Greatest Marketing Secret of All If there is something about which I am pretty adamant‚ it’s the concept of attracting clients that are pre-qualified and willing to do business. And this involves many different things. In fact‚ most of it comes down to three core practices: 1) Focus‚ 2) targeting‚ and 3) multiplication (such as focusing on a niche‚ market targeting‚ and multiplying one’s marketing efforts). However‚ this fundamental magnetism is not only based on pure marketing practices or
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management: Haier ..................................... 3 2.1 Introduction of Haier ............................................................. 3 2.2 The mission and vision of Haier ............................................ 3 2.2.1 Haier’s mission ............................................................ 3 2.2.2 Hair’s vision ................................................................. 3 2.3 Strategic management of Haier.............................................. 4 2.4 Haier ’s strategic
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“ Basic marketing strategies consisting of market penetration‚ market development‚ product development‚ or diversification. Market development is a strategy involving the search for and exploitation of new markets for a product. Diversification is the process in which a company begins to engage in a new and different type of business. Market penetration is the percentage of a total market which the sales of a company cover. Product development is the process of improving an existing product line
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Haier 1.0 Summary of report In this report‚ it will introduce a famous Chinese electric appliances organization—Haier‚ which has involved into a giant multinational corporation‚ revealing that different environmental force‚ including economic‚ political‚ cultural and social and technological factors have had an impact on Haier’s operation and strategies. Besides‚ the report will also formulate some strategies that expect to enable Haier can adapt the changing competitive environment‚ sustain
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Haier What is technological change? Technological change (TC) is a term that is used to describe the overall process of invention‚ innovation and diffusion of technology or processes.[1][2] The term is synonymous with technological development‚ technological achievement‚ and technological progress. In essence TC is the invention of a technology (or a process)‚ the continuous process of improving a technology (in which it often becomes cheaper) and its diffusion throughout industry or society. In
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