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chapter 8 identifying market segments and targets

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Chapter 8 identifying market segments and targets, Marketing Management, Philip Kotler, 14th edition, 2012. Bài giảng giáo trình quản lý marketing của Philip Kotler. Lý thuyết kèm các case study minh họa cho bài giảng.

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Kotler • Keller Phillip Kevin Lane

Marketing Management • 14e

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Identifying Market

Segments and Targets

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4 How should business markets be segmented?

5 How should a company choose the most

attractive target markets?

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Target Marketing Requirements

1 Identify and profile distinct groups of

buyers (market segmentation).

2 Select one or more market segments to

enter (market targeting).

3 For each, establish and communicate

benefits of offering (market positioning).

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Bases for Segmenting Consumers

Geographic

Demographic

Psychographic Behavioral

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Geographic Segmentation

Geoclustering

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Age and Life-Cycle Stage

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Life Stage

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Income

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Cohort Size Defining Features

Millennials

(1979-1994) 78 m Raised in affluence, tech savvy,

perceived immunity from marketing

Gen X

(1964-1978) 50 m Parents relied on day care, accepts

diversity, pragmatic and individualistic

Baby Boomers

(1946-1964) 76 m

Control 3/4 th of the wealth in the U.S, seek fountain of youth (hair color, hair replacement), home exercise equipment

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Race and Culture

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Multicultural Market Profile

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Psychographic Segmentation

• Personality traits

• Lifestyle

• Values

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VALS Segmentation System

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Behavioral Segmentation

User and Usage

Needs and Benefits Decision Roles

Initiator

Influencer

Decider Buyer

User

Usage occasions User status Usage rate Buyer-readiness Loyalty status

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Brand Funnel

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Consumer Attitudes

Enthusiastic Positive Indifferent Negative Hostile

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Behavioral Segmentation

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Bases for Segmenting B2B Markets

Industry, company size, location

Technology, user status, customer capabilities

Power structure, nature of existing relationship

Urgency, specific application, size of order

Buyer-seller similarity, loyalty, risk attitude

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Market Targeting

Porter’s Five Force

Rivals

New Entrants

Substitute Products

Buyer Power

Supplier Power

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Evaluating and Selecting Segments

Individual marketing

Full market coverage

Multiple segment specialization

Single-segment concentration

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Levels of Segmentation

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