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Identifying Market Segments and Targets: Marketing Management, 13 Ed
Identifying Market Segments and Targets: Marketing Management, 13 Ed
Identifying
Market Segments
and Targets
Chapter Questions
What are the different levels of market
segmentation?
How can a company divide a market
into segments?
How should a company choose the
most attractive target markets?
What are the requirements for effective
segmentation?
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall
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Segments
Niches
Local areas
Individuals
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Gather.com: A Niche
Social Networking Site
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Discretionary
options: Some
segment members
value options but
not all
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Preference Segments
Homogeneous preferences exist
when consumers want the same things
Diffused preferences exist when
consumers want very different things
Clustered preferences reveal natural
segments from groups with shared
preferences
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Niche Marketers
Enterprise Rent-A-Car
targets the insurancereplacement market
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What is Customerization?
Customerization combines operationally
driven mass customization with customized
marketing in a way that empowers
consumers to design the product and service
offering of their choice.
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Claritas Prizm
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Demographic Segmentation
Age
Age and
and Life
Life Cycle
Cycle
Life
Life Stage
Stage
Gender
Gender
Income
Income
Generation
Generation
Social
Social Class
Class
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall
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Toyota Scion
Targets Gen Y Consumers
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Figure 8.1
The VALS Segmentation System
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Behavioral Segmentation
Decision Roles
Initiator
Influencer
Decider
Buyer
User
Behavioral Variables
Occasions
Benefits
User Status
Usage Rate
Buyer-Readiness
Loyalty Status
Attitude
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Aware
Ever tried
Recent trial
Occasional user
Regular user
Most often used
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Loyalty Status
Hard-core
Split loyals
Shifting loyals
Switchers
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall
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Convertible
Shallow
Users
Strongly
unavailable
Weakly
unavailable
Average
Entrenched
Nonusers
Ambivalent
Available
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Marketing-Mix
Strategy
Segment profitability
Segment positioning
Segment acid test
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall
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Marketing Debate
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Marketing Discussion
Think of various product categories.
How would you classify yourself
in terms of the various segmentation
schemes?
How would marketing be more or less
effective for you depending upon the
segment involved?
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