The document discusses developing a customer-driven marketing strategy using S.T.P - segmentation, targeting, and positioning. It also discusses developing an integrated marketing mix known as the 4Ps - product, price, place, and promotion. The 4Ps blend marketing tools to satisfy customer needs from the seller's view, while the 4Cs represent the customer view of customer solution, cost, convenience, and communication.
The document discusses developing a customer-driven marketing strategy using S.T.P - segmentation, targeting, and positioning. It also discusses developing an integrated marketing mix known as the 4Ps - product, price, place, and promotion. The 4Ps blend marketing tools to satisfy customer needs from the seller's view, while the 4Cs represent the customer view of customer solution, cost, convenience, and communication.
The document discusses developing a customer-driven marketing strategy using S.T.P - segmentation, targeting, and positioning. It also discusses developing an integrated marketing mix known as the 4Ps - product, price, place, and promotion. The 4Ps blend marketing tools to satisfy customer needs from the seller's view, while the 4Cs represent the customer view of customer solution, cost, convenience, and communication.
S.T.P 1.Segmentation- dividing a market into smaller segments 2.Market Targeting- selecting market segment to enter 3.Positioning and differentiation- what do you want to be known for, how are you different from your competitors, why is your product better than competitors
4. Develop integrated marketing mix
Market mix- set of marketing tools that blend to satisfy customers needs Also knows as 4ps Product- variety, quality, features, packing Price- list price, discounts, allowances, credit terms Place- where you can get the product, inventory, shipping Promotion- advertising, selling, public relations, sales promotion