The document discusses positioning, which refers to designing a company's offering and image to occupy a distinctive place in the target market's mind. Positioning aims to create a focused value proposition that motivates customers to purchase a product. It involves strengthening a company's current position, grabbing an unoccupied position, de-positioning competitors, or creating an exclusive strategy. Common positioning errors include under-positioning that lacks clarity, over-positioning that is too narrow, and confused positioning through too many claims or frequent changes. The document also outlines various positioning possibilities and differentiation tools companies can use.
The document discusses positioning, which refers to designing a company's offering and image to occupy a distinctive place in the target market's mind. Positioning aims to create a focused value proposition that motivates customers to purchase a product. It involves strengthening a company's current position, grabbing an unoccupied position, de-positioning competitors, or creating an exclusive strategy. Common positioning errors include under-positioning that lacks clarity, over-positioning that is too narrow, and confused positioning through too many claims or frequent changes. The document also outlines various positioning possibilities and differentiation tools companies can use.
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The document discusses positioning, which refers to designing a company's offering and image to occupy a distinctive place in the target market's mind. Positioning aims to create a focused value proposition that motivates customers to purchase a product. It involves strengthening a company's current position, grabbing an unoccupied position, de-positioning competitors, or creating an exclusive strategy. Common positioning errors include under-positioning that lacks clarity, over-positioning that is too narrow, and confused positioning through too many claims or frequent changes. The document also outlines various positioning possibilities and differentiation tools companies can use.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
offering and image to occupy a distinctive place in the mind of the target market The end result of positioning is the successful creation –focused value proposition (reason for target market to buy the product) Positioning starts with a product ,it is not what you do to a product it is what you do to the mind of the prospect In case of well established products what does a competitor do ? Strengthen it’s own current position in the consumer’s mind Grab an unoccupied position De-position or reposition the competition in the customer’s mind Create an exclusive strategy How many ideas to promote USP Positioning errors Under positioning when consumers do not see clarity Over-positioning too narrow image of a brand Confused positioning company making too many claims or changing the brand image too frequently Doubtful positioning Positioning possibilities Attribute positioning size or no. of years Benefit positioning leader in certain benefit Use or application positioning User positioning Competitor positioning Quality or price positioning Differentiation Important Distinctive Superior Preemptive Affordable Profitable Types of industries Volume industry -profitability is correlated with company size and market share Stalemated industry - few potential competitive advantages and each is small .profitability is unrelated to company market share Fragmented industry - companies face many opportunities for differentiation but each small Specialized industry -companies face many differentiation opportunities , and each differentiation can have high pay off Differentiation tools Product Service Personnel Channel Image Product Form Features Performance quality Conformance quality Durability Reliability Reparability Design Services Ordering ease Delivery Installation Customer training Maintenance and repair Image Symbols , colours, slogans, special attributes