imc lecture 3

24
Integrated Marketing Communications Targeting and positioning 3 Segmentation,

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...an introduction to STP

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Page 1: IMC Lecture 3

Integrated Marketing Communications

Targeting and positioning

3Segmentation,

Page 2: IMC Lecture 3

the Marketing

Communications planning framework…

1

2

3

4

5

6

context analysispromotional objectivespromotional strategy

coordinated communications mix

implementationControl and evaluation

push

pull

profile

corporate

marketing

communications

resources

scheduling

Fill, 2006

Page 3: IMC Lecture 3

customer context...

segment characteristics

decision-making process

involvement

perceived risk

awareness, perception and attitude

influence

DMU characteristics

Page 4: IMC Lecture 3

…bases for Consumer Segmentation

• Regional• National• International

Geographic

• Age• Gender• Family

Demographic

• MOSAIC• ACORN

Geo-demographic

• Income• Occupation• Education

• Religion• Race• Class

Page 5: IMC Lecture 3

• Lifestyle• Personality

Psychographic

• Benefits sought• Purchase occasion• Attitude

Behavioural

• Usage rate• User status• Loyalty

…bases for Consumer Segmentation

Page 6: IMC Lecture 3

different approaches...

changing nature of disposable income

Family lifecycle

Ageing population

Gender roles

Page 7: IMC Lecture 3

perceived risk…

held by consumers… not necessarily real

performance

financial

social

ego

physical

time

Page 8: IMC Lecture 3

B2B segmentation...

demographic

operating variables

purchasing approaches

situational factors

personal circumstance

technology

volume

capabilities

Page 9: IMC Lecture 3

Benefit segmentation…

Segment by benefits sought by consumers

transcends geographic and demographic

identify common characteristics

or usage patterns

Page 10: IMC Lecture 3
Page 11: IMC Lecture 3

MOSAIC

Page 12: IMC Lecture 3

ACORN

Page 13: IMC Lecture 3

key considerations...avoid heavy stereotyping

don’t jump to conclusions

segmentation as a benchmark or guide

engage in profiling where needed

Page 14: IMC Lecture 3

…chips!

Page 15: IMC Lecture 3

targeting...

three key approaches

undifferentiated

differentiated

concentrated

Page 16: IMC Lecture 3

targeting...

choosing between these three options depends on

The degree to which the product/market can be considered homogeneous

how far the company will be stretched

how far the product is into its product life cycle

Page 17: IMC Lecture 3

influences on targeting strategy…

market factors

needs and wants of end users

company market share

resources and capabilities

intensity of competition

economies of scale

Page 18: IMC Lecture 3

positioning…

products can be positioned in the market by focusing on specific factors such as…

features, benefits or advantages

solutions presented

specific usage (occasions)

positioned against other products

class disassociation

Page 19: IMC Lecture 3

perceptual map

high price

low price

high quality

low quality

cowboy brands premium brands

economy brands bargain brands

Page 20: IMC Lecture 3

positioning…

high price

low price

high quality

low quality

cowboy brands

premium brands

economy brands bargain brands

Page 21: IMC Lecture 3

Other influences on positioning...

innovation

benefits

age group targeted

innovation

features

style

Page 22: IMC Lecture 3

…chunky

…fries

Quality of toppings

Quality of chips

perceptual map

Page 23: IMC Lecture 3

perceptual mapping...

thinkwhy does the gap exist?

what are the reasons?

may need more research

Page 24: IMC Lecture 3

the Marketing

Communications planning framework…

1

2

3

4

5

6

context analysispromotional objectivespromotional strategy

coordinated communications mix

implementationControl and evaluation

push

pull

profile

corporate

marketing

communications

resources

scheduling

Fill, 2006