Professional Documents
Culture Documents
PSYCHOLOGICAL POSITIONING
POSITIONING APPROACHES
MARKET POSITIONING
• It is the process of identifying &
selecting markets to determine the
criteria for competitive success.
PSYCHOLOGICAL POSITIONING
• It enables marketers to create a
unique product image with the
objective of creating interest &
attractingcustomers.
POSITIONING
APPROACHES/STRATEGIES
• Positioning by price value- we provide
value for money.
• Positioning by use of application-
positioning on the basis of reason for its
use
• Positioning according to users or class of
users- “shatabdi” is promoted as meant
for those who have time limitations
• Positioning by product class-positioning
associated with unique experiences of the
product/service. It is based upon functional
as well as psychological & emotional
benefits
• Positioning against competition-used
for meeting the competition. Eg-
pepsi-coke ads
• Positioning by endorsement-involves
celebrities
• Positioning by quality dimensions-
RATER
• Positioning by service evidence-use
of people
• Positioning by physical evidence
Positioning Maps
• It is also called perceptual map
• It is used for graphical representation of
consumers perception about different
products & services
• If we consider a consumer’s mind space as
allotting specific positions for various
organizations or its offerings, we can study
the extent of competition an organization
or its offering faces depending upon the
distance between the organizations or its
offering in question & the competing
organizations & their offerings.
• The information regarding
organization or its offering’s position
relative to any attribute can either be
inferred from market data, derived
from ratings by representative
consumers or both.
Diagram: Perceptual Map UK
Confectionery Brands
EXAMPLE USING THE AUTO
MARKET(PRODUCT: FERRARI, BMW,
KIA, RANGE ROVER, SAAB, HYUNDAI)