MARKET SEGMENTATION A market is made up of people with one or more characteristics that make them to demand homogeneous product or service based on qualities of those products such as price or function. People in the same segment have similar needs and quality and therefore possess similar products and are charged similar prices‚ but they are different from other segments. Segmentation variables can be * Gender * Price * Location * Religion * Income * Interests * Size
Premium Marketing
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
Premium Marketing
there are few substitutes from other industries (if any); and most of them are seemed to be obsolete or have on foot out of the door‚ e.g. digit camera in the place of film camera and fax machines in place of overnight mail delivery. Consider that Sony has built a good reputation and strong customer loyalty‚ it effectively position the company’s products against product substitute to some extent; this is a surplus for the company. 2. Bargaining Power of Buyers (HIGH) The power of buyer is high
Premium Sony
Sony Corporation and the Video Game Console Market: 1 A Competitive Analysis By Ryan Bogner‚ Peter Hung‚ Guan Wang‚ and Steven Wang 1 This report evaluates Sony Corporation’s strategy in the console gaming market from the top-down perspective of the entire corporation. Executive Summary Sony’s current strategy in the video game console market is simple: use the technologically superior Playstation 3 as a loss leader to introduce the Blu-ray optical drive2 into consumers’ homes and leverage that
Premium Video game console
Name: Course: Date: Sonny’s Blues Sonny was a young man who suffered the effects of drug and substance abuse from an early age. We are told that ‚ ”He had been picked up‚ the evening before‚ in a raid on an apartment downtown‚ for peddling and using heroin” (3) He grew up in Harlem and was often arrested for selling and using heroine. In the story of Sonny’s blues by Baldwin‚ the narrator describes‚ “Sonny as a caged animal that is trying to break free from the effects that prison
Premium Drug addiction Addiction
Therefore‚ the current business strategy of Sony is not matching the non-traditional gamer’s needs. However‚ as we mention before in macro environment analysis‚ society is becoming more intelligent and technology savvy‚ the gamers are increasing their demand for more challenging and stimulating game story lines and features‚ so the high technology feature of PlayStation matches this factor‚ the gamers can be played over the internet. Therefore‚ Sony PlayStation still maintains competitiveness
Premium Video game console Xbox 360 Wii
The History of the SONY Slogan. The first version of the logo‚ which was enclosed in a square box‚ was registered as a trademark in 1955. Thereafter‚ the logo went through a succession of changes. In the 1960s‚ when Sony began to seriously develop its brand image overseas‚ the logo was displayed in neon in New York and Hong Kong‚ where it competed with famous and well-established foreign companies. In 1959‚ the catchphrase "Sony -- a worldwide brand born in Japan" was introduced to capitalize
Premium Trademark Logo Brand
MARKET SEGMENTATION‚ TARGETING AND POSITIONING MARKET SEGMENTATION INTRODUCTION: - The market for any product is normally made up of several segments. A ‘market’ after all is the aggregate of consumers of a given product. And‚ consumer (the end user)‚ who makes a market‚ are of varying characteristics user and buying behavior. There are different factors contributing for varying mind set of consumers. It is thus natural that many differing segments occur within a market. In order to capture this
Premium Marketing
\ Sony Corporation Entertainment company Sony Corporation‚ commonly referred to as Sony‚ is a Japanese multinational conglomerate corporation headquartered in Kōnan Minato‚ Tokyo‚ Japan. Wikipedia Stock price: SNEJF (OTCMKTS)US$ 19.97+0.05 (+0.25%) 15 Oct 11:30 am EDT - Disclaimer Headquarters: Minato‚ Tokyo‚ TKY‚ Japan CEO: Kazuo Hirai Founded: May 7‚ 1946 Founders: Masaru Ibuka‚ Akio Morita Nominations: Golden Joystick Award for Publisher of the Year
Premium Sony Marketing
MODULE 3: MARKET SEGMENTATION AND POSITIONING Lecture - 5 FAQS (FREQUENTLY ASKED QUESTIONS): Ques 1 Define Market Segmentation Ans 1 Market segmentation is the process of identifying distinct groups and or sub groups of customers in the market‚ who have distinct needs‚ characteristics‚ preferences and/or behaviors‚ and require separate product and service offerings and corresponding marketing mixes. “Market segmentation can be defined as the process of dividing a market into distinct
Premium Marketing