Segmentation‚ targeting and positioning are interrelated activities‚ which are important to achieving a successful marketing mix. Discuss these concepts in theory and give practical example of how they can be applied to one industry of your choice. Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs‚ and then be designed and implemented to target these specific customer segments‚ addressing needs or desires that
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Slide 1 9 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
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Segmentation Why segmentation? External factors - globalization - clutter - knowledgable customers - competition - technology Internal factors - allocation of resources - effective marketing programmes - opportunies For NPD or/and market development Breaking down the market Potential market (everyone out there) Available market ( those who could buy the product) Target market (those we address) Penetrated market (those who actually buy the products) From
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* Apple is a company which produces computers and technological products like computers‚ mobiles . On April 1‚ 1976‚ the Apple computer was established . Steven Wozniak‚ a high school drop-out who worked for Hewlett-Packard‚ dabbled in computer-design and created what would become the Apple I. His high school buddy Steven Jobs‚ also a drop-out‚ worked for Atari and convinced him that the two should form a company to market the new computer‚ which eventually took off in 1977 with the Apple II.
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641) ASSIGNMENT ON IPAD AS DISRUPTIVE TECHNOLOGY SUBMITTED TO: YOSEPH TILAHUN SUBMITTED BY: AKLILU GUULAY GHIDAY April 7‚ 2014 CASE STUDY QUESTIONS Evaluate the impact the ipad using Porter’s competitive forces model? In Porter’s competitive forces model‚ the strategic position of the firm and its strategies are determined not only by competition with its traditional direct competitors but also four other forces in the industry’s environment. iPad enters the marketplace as a new entrant to compete
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choice for this advertisement is the new iPad‚ from the company Apple. I have chosen the new iPad‚ because it’s brand new‚ and people all round the world knows it. There is a big target group for the new iPad - I will return to that later. I have chosen the form of the advertisement to be post cards. My starting point is Aalborg. My idea‚ is that the staff from Apple could hand postcards to passers-by in the streets of Aalborg. The postcards are a new idea to get news out to the people. With a postcard
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IS THE iPAD DISRUPTIVE TECHNOLOGY? 1)Evaluate the impact of the iPad using Porter’s Competitive forces model? Traditional Competitor -When the firm are competing with each other through continuously produce new devise‚product or service to attract their customers.For example Samsung which always produce new product against Apple. New market entrance -When some industries have very low barriers to entry‚ new companies have several possible advantage.For example e-book‚ that allowed
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The freshman backpack. Everyone’s seen it- on the back of that new kid stumbling down the hallway like a mountain climber‚ 200 pounds of books inside. But what if those 6 textbooks were condensed into one small tablet? What if education went paperless? The great debate between tablets and textbooks has been waging since the release of products such as the iPad‚ Kindle‚ and Nexus 7. Thanks to innovative technology from Apple‚ the iBooks interface has made textbooks from publishers like McGraw-Hill
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IBS Bangalore Session Plan Semester : I Course : Marketing Management - I Course Code : SLMM 501 Credits : 3 Class : 2015 Section : A Instructor : Shailendra Dasari S.No Topic(s)/Activities Identified Cases Source Reference to PTB Additional Readings/Questions for Discussion Learning Outcomes 1 Introduction to Marketing Ch1 PPt 1 Understand 1.Marketing Concept 2.Evolution of Marketing 3.Marketing Mix Discuss 1.Marketing Challenges for the 21st
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Introduction: Market Segmentation: Market segmentation is the process of dividing the market into parts that are different from one another. It is the identification of potential customers who would buy your products. Different customers have different needs and it is not possible to satisfy these needs by treating all customers in a similar way. Most organisations do not have all the resources to satisfy the needs of all the customers. Therefore‚ it is necessary to identify the similar groups of
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