2 2 Brand Positioning Brand Positioning Brand Positioning Brand Positioning (as defined by Kotler) is " (as defined by Kotler) is " an act of designing the company's offer and an act of designing the company's offer and image so that it occupies a distinct and image so that it occupies a distinct and valued in the target customer's mind. valued in the target customer's mind. inding a proper 'location' in the minds of a inding a proper 'location' in the minds of a group of consumers or market segment so group of consumers or market segment so that they think about a product or service in that they think about a product or service in the 'right' or desired way. the 'right' or desired way.
stablishing brand Positioning stablishing brand Positioning %arget market %arget market Points of parity and Points of Difference Points of parity and Points of Difference
%arget market %arget market market market is the set of all actual and is the set of all actual and potential buyers who have sufficient potential buyers who have sufficient interests in, income for, and access to a interests in, income for, and access to a product. product. market segmentation market segmentation a distinct group a distinct group of homogeneous consumers who have of homogeneous consumers who have similar needs and behavior and thus similar needs and behavior and thus require similar marketing mixes. require similar marketing mixes.
Points of Parity {POP_ and Points of Parity {POP_ and Points of differences {POD_ Points of differences {POD_ Point of Parity Point of Parity a particular dimension or a particular dimension or attribute or a brand which a group of attribute or a brand which a group of consumers believe that is 'good enough' or consumers believe that is 'good enough' or meet their basic expectations. meet their basic expectations. Point of Difference Point of Difference particular attribute or particular attribute or dimension of a brand which a group of dimension of a brand which a group of consumers likes and perceives as the consumers likes and perceives as the uniqueness of the brand. uniqueness of the brand.
Point of Differences Point of Differences ther names: ther names: ompetitive Points of Parity ompetitive Points of Parity Unique Selling Point Unique Selling Point
Positioning Guidelines Positioning Guidelines 1. 1. Defining and communicating the Defining and communicating the competitive frame of reference competitive frame of reference 2. 2. hoosing points of parity and points of hoosing points of parity and points of differences. differences. . . Establishing points of parity and Establishing points of parity and points of differences. points of differences. . . Updating positioning over time Updating positioning over time Positioning concepts Positioning concepts
unctional positions Solve problems Provide benefits to customers Get favorable perception by Symbolic positions Self-image enhancement Ego identification Belongingness and social meaningfulness ffective fulfillment Experiential positions Provide sensory stimulation Provide cognitive stimulation connected with mental processes of understanding: Brand extension is using the Brand extension is using the leverage of a well known brand name leverage of a well known brand name in one category to launch a new in one category to launch a new product in a different category." product in a different category."
Brand Extension omponents of B Definition omponents of B Definition t is a new product. t is a new product. t shouId use a weII known brand. t shouId use a weII known brand. The brand shouId have Ieverage with The brand shouId have Ieverage with customers of the new category. customers of the new category. 10 10 11 11 Brand Pyramid Brand Pyramid 12 12 Celebrity Endorsement of a brand Celebrity Endorsement of a brand (a) (a)draw attention to the endorsed draw attention to the endorsed products/services products/services (b) transfer image values to these (b) transfer image values to these products/services by virtue of their products/services by virtue of their celebrity profile and engaging attributes. celebrity profile and engaging attributes. ttribute Matching ttribute Matching elebrity Power elebrity Power hoice of Media Vehicle hoice of Media Vehicle Brand Risks posed by elebrities Brand Risks posed by elebrities 1 1 that you use and like a particular product so that other people will want to buy it good quality #ole of e #ole of e- -communities communities in Brand Management in Brand Management 1 1