Part 2 Market Segmentation Segmenting Consumer Markets Demographic segmentation divides the market into groups based on variables such as age‚ gender‚ family size‚ family life cycle‚ income‚ occupation‚ education‚ religion‚ ethnics‚ generation‚ and nationality It is the most popular segmentation method‚ because consumer needs‚ wants‚ and usage often vary closely with demographic variables‚ and they are easier to measure than other types of variables. Market Segmentation Segmenting
Premium Marketing Psychographic Demographics
When we think Disneyland‚ we think the happiest place on earth. For those who think this is an exaggeration‚ let me shed some light on why this place is magical for me. Disneyland to me means family traditions with a heart full of happiness and love. When you first enter Disneyland‚ you are overcome with a vast amount of emotions. I get a nervous feeling deep inside my gut. The excitement overwhelms me‚ knowing that in just a few small steps‚ I will see the castle at the end of Main Street. The smell
Premium The Walt Disney Company Walt Disney Walt Disney Parks and Resorts
Target Market Report : Beyonce Name: William Heng Wui Seng Student ID: HWWSD101 Lecturer: Mr. Chris Bright Class time: Wednesday‚ 1.30pm – 5.30pm Market Segmentation. 1.0 Segmentation Theory. Market segmentation is a concept in economics and marketing. It is a strategy that involves dividing a larger market into subsets of consumers who have common needs and applications for the goods and services offered in the market. `What’ is market segmentation’ ( Tatum‚ 2010). Market segmentation
Premium Marketing
They are fun and enjoyable. I think the number one place to visit if you are a kid is Disneyland. It is amazing. You can go on rides‚ eat junk food and those two things are amazing by themselves. Everyone has a favorite place to go and everyone has a great memory of it. Let me tell you one of my favorite vacations I have gone on. A long time ago I would say 2 years ago my family went on a vacation to Disneyland. It was amazing. Let me start on the car ride. My parents sat up front and I and my older
Premium English-language films Family Walt Disney
the influence of target market for the services which the subway offers to its market. Here many variables influence the market segmentation for “sub of the day”. Coming to the segmentation strategy it is essential to know what the customer is considering from the services provided by the subway. The segmentation strategies can be described more effectively in many different variables which results in the marketing segmentation‚ there are different forms of segmentations available like the democratic
Premium Psychographic Cluster analysis
Case Brief: Disneyland 1.) How accurate was the projection of visitors to the park? Estimated attendance: 2005 – 5.6 million Actual attendance: Sept. 12‚ 2005 (opening day)-5.2 million In its first year‚ Disneyland in Hong Kong were 400‚000 short of its target of 5.6 million projected visitors Estimated attendance: 2008: 7.1 million Actual attendance: 8.2 million In order to attract more visitors‚ the park has announced to add four new attractions‚ apart from the already-announced
Premium Walt Disney The Walt Disney Company Walt Disney Parks and Resorts
true. The first thing I saw when I came trough the doors at W-ABC was a massive poster of morning television star Kelly Ripa. I cannot describe the emotion I felt at that time. It can be compared to the same emotion I had the first time I visited Disneyland. Interestingly‚ Walt Disney Inc owns the company I was about to start working for. At that time I knew that great things and responsibilities were about to start. That very day‚ I was introduced to several producers who later on became my bosses
Premium Management Employment Leadership
Hong Kong Disneyland had mechanisms in place to adapt to local Hong Kong culture‚ yet these means appeared to be partially ineffective. Why? Despite hard efforts of management‚ during 1 year there were some difficulties Chinese Disneyland faced to. One of the biggest problems was the Lunar New Year Holiday. It took place when administration of park didn’t take into account some particularities of Chinese people consumption habits. This fiasco led to many complaints‚ ticket returns and‚ importantly
Premium Hong Kong Chinese people Chinese language
SWOT-Analysis of Disneyland® Paris _________________________________________ Marketing for E&BE Tutorial group: 3/4 Subgroup: 2 Annett Behr (s2540363) Lino Dal Ben (s2490803) Celine van de Laar (s2477335) Janine Legtenberg (s2554747) Table of contents Introduction 2 Internal analysis 3 The market 3 Disneyland® Paris’ position and performance 3 In comparison to other amusement parks 3 Financial performance 4 Conclusion 4 Value 4 Disneyland® Paris’ marketing mix 5 Product 5
Premium The Walt Disney Company Walt Disney Disneyland Paris
Slide 2 Market Segmentation‚ Targeting‚ and Positioning © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Today’s Topics After reading this chapter‚ you should be able to: 1.Explain what market segmentation is and when to use it. 2.Identify the five steps involved in segmenting and targeting markets. 3.Recognize the different factors used to segment consumer and organizational (business) markets. 4.Know how to develop a market-product grid to identify a target market and recommend
Premium Marketing Product differentiation