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Copyright © 2009 Pearson Education, Inc.. Publishing as Prentice Hall 10-2Chapter Questions • How can a firm choose and communicate an effective positioning in the market?. • What marke

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Crafting the Brand Positioning

10

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-2

Chapter Questions

• How can a firm choose and communicate

an effective positioning in the market?

• How are brands differentiated?

• What marketing strategies are

appropriate at each stage of the product life cycle?

• What are the implications of market

evolution for marketing strategies?

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What is Positioning?

Positioning is the act of designing the

company’s offering and image to occupy a distinctive place in the mind of

the target market

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-4

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brand, positively evaluate, and believe they could not find to the same extent with

a competitive brand

Points-of-parity (POPs)

• Associations that are not necessarily unique to the brand but may be shared with other brands

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-6

Conveying Category Membership

• Announcing category benefits

• Comparing to exemplars

• Relying on the product descriptor

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Consumer Desirability Criteria for

PODs

• Relevance

• Distinctiveness

• Believability

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-8

Deliverability Criteria for PODs

• Feasibility

• Communicability

• Sustainability

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Examples of Negatively Correlated

Attributes and Benefits

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-10

Addressing negatively correlated

PODs and POPs

• Present separately

• Leverage equity of another entity

• Redefine the relationship

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-12

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Claims of Product Life Cycles

• Products have a limited life

• Product sales pass through distinct

stages each with different challenges and opportunities

• Profits rise and fall at different stages

• Products require different strategies in

each life cycle stage

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-14

Strategies for Sustaining Rapid Market Growth

• Improve product quality, add new features,

and improve styling

• Add new models and flanker products

• Enter new market segments

• Increase distribution coverage

• Shift from product-awareness advertising to

product-preference advertising

• Lower prices to attract the next layer of

price-sensitive buyers

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Stages in the Maturity Stage

• Growth

• Stable

• Decaying maturity

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-16

Marketing Product Modifications

• Quality improvements

• Feature improvements

• Style improvements

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Marketing Program Modifications

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-18

Ways to Increase Sales Volume

• Convert nonusers

• Enter new market segments

• Attract competitors’ customers

• Have consumers use the product on

more occasions

• Have consumers use more of the

product on each occasion

• Have consumers use the product in

new ways

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Market Evolution Stages

• Emergence

• Growth

• Maturity

• Decline

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Copyright © 2009 Pearson Education, Inc Publishing as Prentice Hall 10-20

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Maturity Strategies

• Market fragmentation stage

• Market consolidation stage

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