Marketing Process Learning Goals • Describe the role of advertising and promotion in an organization’s IMC programs. • Define target marketing • Discuss the role of market segmentation in an IMC program • Describe the positioning and repositioning strategies Fig 2-1 Marketing and Promotions Process Model Marketing Strategy and Analysis • Opportunity Analysis – Market Opportunities • Competitive Analysis – Direct brand competition – Competitive advantage • Target Market Selection Fig 2-2 The Target Marketing Process The Target Marketing Process • Identifying Markets • Market Segmentation The Target Marketing Process • Identifying Markets • Market Segmentation • Selecting a Target Market • Market Positioning Market Positioning Positioning – “the art and science of fitting the product or service to one or more segments of the broad market in such a way as to set it meaningfully apart from the competition.” Developing A Positioning Strategy • By product attributes and benefits • By price/quality • By use or application • By product class • By product user • By competitor • By cultural symbols By product attributes and benefits