UNIT 6: DEMONSTRATE AND UNDERSTANDING OF PRODUCT POSITIONING INTRODUCTION =product offering at heart of marketing effort =starting point of marketing mix = example =good product can result in good marketing mix 1. WHAT IS A PRODUCT =any favourable or unfavourable thing in exchange for money =can be tangible‚ a service‚ or an idea (examples ?) =marketing process for each is the same 2. PRODUCT LEVELS =5 levels = each level adds more customer value =constitutes the customer value
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Crafting the Brand Positioning This chapter illustrates how a firm can choose an effective positioning in the market and differentiate its brand. It describes the various strategies a firm can employ at each stage of a products life cycle and finally shows the implications of Market evolution for marketing Positioning: Positioning is the act of designing the company’s offering and image to occupy strategies. Developing and Communicating a Positioning Strategy Category Membership:
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FIJI Water LLC is a U.S. based company‚ that market its famous brand in more than a dozen countries out of its bottling plant located in the Fiji Islands. The product concept was developed in the early nineties by David Gilmour‚ the Canadian-born owner and founder of Fiji’s renowned Wakaya Island Resort.1 As of 2008‚ FIJI Water marketed its bottled mineral water in about a dozen countries in North America‚ Asia‚ Europe and the Middle East. It was marketed as FIJI Natural Mineral Water in Europe
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Strategy and Business Policy / SCHINDL 04/03/2013 Strategic Management & Business Policy How to assure a competitive advantage sources and basic choices when developing a strategy copyright 2010 formulating a strategy 1. understand stakeholders as components of your future strategy 2. understand their needs and their power options 3. understand the „landscape“ you are in 4. realize the options to turn stakeholders into partners how to formulate a strategy now ? copyright 2010
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Cover Page Report title: Report of the Segmentation‚ Targeting and positioning of supermarket. Prepared for: Miss Samantha Liew Written by: Johan Chandra (3804717) Date of Submission: Friday‚ 3 April 2009. Tutorial Group & Time: T9 (12.30-1.30) Table of Contents Cover Page 1 Executive Summary 3 1. Introduction 4 2. Discussion 6 2.1. Market Segmentation 6 2.2. Market Targeting 7 2.3. Market Positioning 8 3. Conclusion 9 4. Recommendation 10 Reference List 11 Bibliography 12 Executive
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product will be launched in the beverage market to meet the demand of consumers for coconut water which is not being provided by any company in the market although the mobile vendors are providing coconut water to the people to some extent. As mobile vendors are not available everywhere in every time‚ it is easy for any company to skim money from the market by selling bottled coconut water. Moreover‚ coconut water contains promising amount of nutrition which is good for anyone. It can be bottled without
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humble circumstances with sales averaging nine drinks per day to the 1.6 billion servings per day it currently boasts in over 200 countries (Form 10-K‚ 2013). This report seeks to analyse The Coca-Cola Company’s (“TCCC”) strategy in market segmentation‚ targeting and positioning of one of their best selling and revolutionary beverages‚ ‘Coca-Cola Zero’. B. Segmentation Segmentation is “the process of dividing a larger market into smaller pieces based on one or more shared characteristics”
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Positioning the Tata Nano – Case Memo Introduction: Tata Motors Limited (TML)‚ a part of Tata group‚ a highly respected conglomerate has a product that will revolutionize the way India travels. The team was successful in delivering a car that meets the goal price of 1 lakh rupees. People welcomed it with high pre bookings and initial sales. But it has been found that the car didn’t hit the target market. The initial excitement faded away leading to drastic downfall in sales. We have analyzed the
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How to Write a Brand Positioning Statement The Power of 3 Words First words on the subjects goes to Branding expert and author Jack Trout who advocates the simplest brand positioning strategy possible. He believes that the best and most successful brands occupy very specific positions in consumers minds‚ and those positions can be translated into a brand positioning statement of no more than three words. He wrote a post on Branding Strategy Insider where he said: “I have never seen a great
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Central Theme: In Positioning: The Battle for your Mind‚ the authors Al Ries and Jack Trout develop on the idea of communication. In marketing‚ communication is the key factor to advertise the product or brand to the consumer base‚ and the effectiveness of that communication will determined whether or not the message has been heard by the prospective consumers. The authors approach idea of communication with the goal of establishing the image or identity of a product so that consumers perceive it
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