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7 ENTREP Week 4 Part 2 Market Positioning
7 ENTREP Week 4 Part 2 Market Positioning
MARKET TARGETING
MARKET POSITIONING
WANTS VS. NEEDS
Most of the time people tend to
purchase a product/service based on
what they want but less likely of what
they need.
A consumer need is something that
solves a real or imagined problem.
1. Product Features
are the special function
of a product/service
that is capable of
satisfying the customer
needs.
CUSTOMER REQUIREMENT
(Consumer POV)
2. Product
Characteristics are the
attributes that can be
added to the
product/service definition to
extend the description of
each product.
Pavlov’s Classical Conditioning
Classical conditioning theory states that behaviors
are learned by connecting a neutral stimulus with
a positive one, such as Pavlov's dogs hearing a
bell (neutral) and expecting food (positive).
CRUSH +
IKAW
3:00 PM +
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CRUSH
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STRATEGIC MARKETING
APPROACHES
POSITIONING
TARGET
MARKET TARGETING
SEGMENTATION
Market Positioning
refers to the process of arranging a
product to occupy a clear, distinct and
desirable place in relation to other
competing products in the mindset of
target consumers (Kotler & Armstrong.
2013).
BRAND IMAGE
BRAND IMAGE POSITIONING
STRATEGY
NEED FOR TOOTHPASTE
NEED FOR MEDICINE
FOOD PLACE
FOR FAMILY BONDING
FEVER
Consumer Based Positioning
Extremely Costly
Cheap
4 3 2 1
2
Unhealthy
KNOW YOUR PLACE Q3-03-2023-008
RUBRICS
CONTENT – 10
CREATIVITY – 10
COLLABORATION – 5
TIMELINESS – 5
TOTAL = 30
Extremely Healthy
Extremely Costly
Cheap
4 3 2 1
2
Unhealthy
KNOW YOUR PLACE Q3-03-2024-008