Professional Documents
Culture Documents
– Strategic Planning
Week 4
Overview of Topics Covered
1. The SOSTAC Planning Framework
2. SWOT analysis
o Customer segmentation
o Targeting
o Positioning
o Objective setting
• Examples:
o Price, Service Level, Authenticity, Reliability,
Availability, Variety
o Avoid using “Quality” as a variable, it is too vague
• Positioning Statement
o The central idea that encapsulates a brand’s
meaning and distinctiveness vis-à-vis competitive
brands
• Effective Positioning Statement
o Conveys a consistent message
o Defines a brand’s competitive advantage
o Motivates customers to action
• Measurable
M
• Attainable
A
• Relevant
R
• Timely
T
- Dibb, S. and Simkin, L., 2017. Targeting, Segments and Positioning. International Journal of
Retail & Distribution Management, [online] 19(3), pp.4-10. Available at:
http://www.emeraldinsight.com.ezproxy.lib.rmit.edu.au/doi/pdfplus/10.1108/09590559110143800
[Accessed 8 Jun. 2017].
• https://www.smartinsights.com/goal-setting-evaluation/goals-kpis/goals-for-your-digital-
marketing/[Accessed 1 Feb 2018)