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HOW TO MAKE YOUR PRODUCTHOW TO MAKE YOUR PRODUCT
STAND OUTSTAND OUT
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DIFFERENTATIONDIFFERENTATION
ANDANDPOSITIONINGPOSITIONING
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TOOLS FOR DIFFERENTIATIONTOOLS FOR DIFFERENTIATIONProductProduct ServicesServices PersonnelPersonnel ChannelChannel ImageImage
FeaturesFeatures DeliveryDelivery CompetenceCompetence CoverageCoverage SymbolsSymbols
PerformancePerformance InstallationInstallation CourtesyCourtesy ExpertiseExpertise MediaMedia
Customer trainingCustomer training CredibilityCredibility PerformancePerformance atmosphereatmosphere
DurabilityDurability CustomerCustomer
consultingconsulting
ReliabilityReliability EventsEvents
ReliabilityReliability Maintenance andMaintenance and
repairrepair
ResponsivenessResponsiveness
StyleStyle CommunicationCommunication
DesignDesign
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PRODUCT DIFFERENTATIONPRODUCT DIFFERENTATION
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Features are characteristics that supplement the product,Features are characteristics that supplement the product,basic functioning.basic functioning.
Most product can be offered with varying featuresMost product can be offered with varying features
E.g.E.g. Automobile MfgAutomobile Mfg::
Can offer optional featuresCan offer optional features
Electric window,Automatic transmission, Air conditioningElectric window,Automatic transmission, Air conditioning
Key factor ofKey factor ofJapanese successJapanese success.. ENHANCEENHANCEFEATURESFEATURES
i.e. watches, cameras, automobiles e.t.ci.e. watches, cameras, automobiles e.t.c
FEATURESFEATURES
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How Can Company Identify AndHow Can Company Identify And
Select Appropriate New FeaturesSelect Appropriate New FeaturesContact recent buyers and ask SERIES of QUESTIONContact recent buyers and ask SERIES of QUESTION
11) How do you like the PRODUCT) How do you like the PRODUCT
2) Any bad features?2) Any bad features?
3) Good Features?3) Good Features?
4) Are there any Features that can improve your satisfaction? What are they?4) Are there any Features that can improve your satisfaction? What are they?
5) How much you would you pay for each features?5) How much you would you pay for each features?
Next decide which one are WORTH ADDINGNext decide which one are WORTH ADDING
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It Refers to the levels at which the productsIt Refers to the levels at which the products PrimaryPrimaryCharacteristicsCharacteristics operateoperate
Buyers of Expensive ProductsnormallycomparetheBuyers of Expensive Productsnormallycomparethecharacteristic ofcharacteristic ofDIFFERENT BRANDSDIFFERENT BRANDS
They will paymore for better performanceaslongasThey will paymore for better performanceaslongasHigher price Higher price Do NotDo Not exceed thehigher perceivedexceed thehigher perceivedvaluevalue
One of 4 performancelevels: LOWOne of 4 performancelevels: LOWAVERAGEAVERAGEHIGHHIGHSUPERIORSUPERIOR
Performance QualityPerformance Quality
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Doeshigher productperformanceDoeshigher productperformanceproducehigher profitability?producehigher profitability?
1.1. P&G isthemajor practitioner of productP&G isthemajor practitioner of productimprovementimprovement
Combined withhighinitial productCombined withhighinitial product
performanceperformance Helpsexplainitsleadership positionHelpsexplainitsleadership position
2.2. 22ndnd strategymaintain productqualitystrategymaintain productquality
Manycompaniesleavestheir qualityunalteredManycompaniesleavestheir qualityunalteredafteritsinitial formulationafteritsinitial formulation
3.3. 33rdrd strategyreduce productqualityattimestrategyreduce productqualityattime
Coscutthe qualityto offsetrisingcosts,Coscutthe qualityto offsetrisingcosts,
hoping buyers willnotnoticeany differenceshoping buyers willnotnoticeany differences
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Itisameasure ofthe productoperatingexpected lifeItisameasure ofthe productoperatingexpected life
Buyers paymore for Durable ProductsBuyers paymore for Durable Products
Thusadvertisingthata personalcomputer orvideoThusadvertisingthata personalcomputer orvideocamerahasthehighestdurabilitycamerahasthehighestdurability
ButhaveButhavelittle appeallittle appeal
Becausetheir features for performancelevelareBecausetheir features for performancelevelare
undergoing Rapid changes.undergoing Rapid changes.
DURABILITYDURABILITY
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Itisa Measure ofthe probabilitythata productwillItisa Measure ofthe probabilitythata productwill
notmalfunction or failed withinaspecified timenotmalfunction or failed withinaspecified timeperiod.period.
E.g. MERCEDES hasmore Reliabilitythana JAGUARE.g. MERCEDES hasmore Reliabilitythana JAGUAR
Buyersare willingto pay PREMIUM forreliableBuyersare willingto pay PREMIUM forreliableproductproduct
E.g. Reebok, AdidasshoesE.g. Reebok, Adidasshoes
RELIABILITYRELIABILITY
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Itisameasure ofthe EASE of FIXING a productthatItisameasure ofthe EASE of FIXING a productthatmalfunction or failsmalfunction or fails
E.g. Automobilemade withstandard partsthatareE.g. Automobilemade withstandard partsthatareeasilyreplaced hashighrepairability.easilyreplaced hashighrepairability.
REPAIRABILITYREPAIRABILITY
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Itdescribeshow wellthe productlooksandItdescribeshow wellthe productlooksand
feelsto the buyerfeelsto the buyer
E.g. Car buyers pay premium for JaguarE.g. Car buyers pay premium for Jaguarautomobilesautomobiles
because oftheirextra ordinarylookbecause oftheirextra ordinarylook
EVEN THOUGHEVEN THOUGH
JAGUARsrecord ofreliabilityis poorJAGUARsrecord ofreliabilityis poor
STYLE has the advantage of creatingSTYLE has the advantage of creatingproduct distinctiveness that is difficult toproduct distinctiveness that is difficult to
copycopy
STYLESTYLE
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TheThedesignerhasto figure outdesignerhasto figure out.. How muchto INVEST in.. How muchto INVEST infeature development, performance,reliabilitystyle & so forthfeature development, performance,reliabilitystyle & so forth
FromFromcompanys pointcompanys point ofof view,a wellview,a well--designed productdesigned productwould beeasyto manufactureand distributewould beeasyto manufactureand distribute
FromFromCustomer's Point ofCustomer's Point of view,a wellview,a well--designed productdesigned productwould be PLEASANT to look,easyto open,install,learn,howwould be PLEASANT to look,easyto open,install,learn,howto use,repair.to use,repair.The designerhasto takeallthisinto accountThe designerhasto takeallthisinto accountAsAscompetitionintensifiescompetitionintensifies design will offer one ofthemostdesign will offer one ofthemost
potentwaysto differentiate & positionacos product&potentwaysto differentiate & positionacos product&servicesservicesE.g.trueinselling APPAREL, durableequipment,retailserviceE.g.trueinselling APPAREL, durableequipment,retailservice..
DESIGN:DESIGN: The INTEGRATING FORCEThe INTEGRATING FORCE
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Doesa designinvestmentpays offDoesa designinvestmentpays off
Eg:Eg:--
Braunagerman division ofgilletteBraunagerman division ofgillette
Haselevated designto ahighart& hasHaselevated designto ahighart& hasmajorsuccessmajorsuccess
ElectricrazorElectricrazor
Coffeemakeretc..Coffeemakeretc..
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SERVICE DIFFERENTIATIONSERVICE DIFFERENTIATION
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Itrefersto how wellthe productorservicesisItrefersto how wellthe productorservicesisdelivered to thecustomerdelivered to thecustomer
i.e. SPEED, ACCURACY, CAREi.e. SPEED, ACCURACY, CARE
Buyers will oftenchoosethesupplier who hasa betterBuyers will oftenchoosethesupplier who hasa betterReputation for ontime delivery.Reputation for ontime delivery.
Foreg Dominos PizzasForeg Dominos Pizzas
DELIVERYDELIVERY
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Itrefersto the work doneto makea productItrefersto the work doneto makea productoperationalinits planned location.operationalinits planned location.
Vendorscan differinthe quality oftheirVendorscan differinthe quality oftheirInstallationservice Installationservice
e.g. WATER FILTER (aquaguard)e.g. WATER FILTER (aquaguard)
IBM deliveralltheequipmentto siteatthesameIBM deliveralltheequipmentto siteatthesametimetime
INSTALLATIONINSTALLATION
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Refersto trainingthecustomer'semployeesto usevendorRefersto trainingthecustomer'semployeesto usevendorequipmentproperlyand efficiently.equipmentproperlyand efficiently.
E.g. XE.g. X--RayequipmentinhospitalsRayequipmentinhospitals
E.g. MC Donald requiresitsnew FRANCHISEE to attendE.g. MC Donald requiresitsnew FRANCHISEE to attendHamburgeruniversity for2 weeksto learnhow to runHamburgeruniversity for2 weeksto learnhow to runfranchisee.franchisee.
CUSTOMER TRAININGCUSTOMER TRAINING
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Refersto data,informationsystem,andRefersto data,informationsystem,andadvisingservicesthattheseller offers free oradvisingservicesthattheseller offers free orfora priceto buyer.fora priceto buyer.
Fore.g. Milliken CompanyFore.g. Milliken Company
CONSULTING SERVICECONSULTING SERVICE
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REPAIRREPAIR
Describesthe quality ofrepairservice availabletoDescribesthe quality ofrepairservice availabletobuyers ofthecompany productbuyers ofthecompany product
E.g. CATERPILLAR claimsto offer betterand fasterE.g. CATERPILLAR claimsto offer betterand fasterrepairservice foritsheavyrepairservice foritsheavy--constructionequipmentconstructionequipmentanywhereinthe worldanywhereinthe world
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PERSONNEL DIFFERENTIATIONPERSONNEL DIFFERENTIATION
CompaniescangainastrongcompetitiveadvantagethruCompaniescangainastrongcompetitiveadvantagethruhiringand training peoplethantheircompetitors dohiringand training peoplethantheircompetitors do
E.g. WalE.g. Wal--marthas differentiated itssuperstores byassigningmarthas differentiated itssuperstores byassigningto eachstoreastoreemployeeto beaPEOPLE GREETERto eachstoreastoreemployeeto beaPEOPLE GREETERwho welcomeshopperwho welcomeshopper
Giveadvice on whereto find theirrespectiveitemsGiveadvice on whereto find theirrespectiveitems
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PERSONNEL DIFFERENTIATIONPERSONNEL DIFFERENTIATION
(contd.)(contd.)BETTER TRAINED PEOPLE EXHIBIT 6 CHARACTERISTICSBETTER TRAINED PEOPLE EXHIBIT 6 CHARACTERISTICS
1.1. COMPETENCECOMPETENCE:: Theemployees possesstherequired skillTheemployees possesstherequired skilland knowledgeand knowledge
2.2. Courtesy:Courtesy: Theemployeesare friendly,respectfulandTheemployeesare friendly,respectfulandconsiderateconsiderate
3.3. Credibility:Credibility: TheemployeesastrustworthyTheemployeesastrustworthy
4.4. Reliability:Reliability: Theemployees performtheservice withTheemployees performtheservice withconsistencyand accuracyconsistencyand accuracy
5.5. Communication:Communication: TheemployeesmakeanefforttoTheemployeesmakeanefforttounderstand thecustomsand communicationclearlyunderstand thecustomsand communicationclearly
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CHANNEL DIFFERENTIATIONCHANNEL DIFFERENTIATION
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ItsallaboutDISTRIBUTION CHANNELSItsallaboutDISTRIBUTION CHANNELS--
CoverageCoverage
ExpertiseExpertise
PerformancePerformance
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IMAGE DIFFERENTATIONIMAGE DIFFERENTATIONEven whencompeting offerslooksthesame, buyersmayEven whencompeting offerslooksthesame, buyersmay
respond differentlyrespond differently to thecompany orBRAND IMAGESto thecompany orBRAND IMAGES
E.g. Considersuccess of Marlboro cigarettesE.g. Considersuccess of Marlboro cigarettes
Marketshare30% worldMarketshare30% world--widewide
MarlborosMACHO COWBOYimage MarlborosMACHO COWBOYimage
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IDENTITYv/s IMAGEIDENTITYv/s IMAGEA successful brand personality does not came about itself. It isA successful brand personality does not came about itself. It isresult of conscious IDENTITY building programmeresult of conscious IDENTITY building programme
Identify buildingtoolsare Names, LOGOS, SYMBOL,Identify buildingtoolsare Names, LOGOS, SYMBOL,ATMOSPHERE, EVENTS.ATMOSPHERE, EVENTS.
Identityisthe waythe public perceivesthecompanyIdentityisthe waythe public perceivesthecompany
Thecompany designitsidentityin orderto shapethe publicThecompany designitsidentityin orderto shapethe publicimageimage
Developingastrongimagecalls forcreativityand handworkDevelopingastrongimagecalls forcreativityand handwork
Theimagecannotbeimplanted in publicsmind overnightTheimagecannotbeimplanted in publicsmind overnight
Theimagemustbeconveyed thrueverymind availableTheimagemustbeconveyed thrueverymind availablecommunicationvehiclecommunicationvehicle
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SYMBOLSSYMBOLSA strongimageconsists of one ormoresymbolsthattriggersA strongimageconsists of one ormoresymbolsthattriggers
company or brand recognitioncompany or brand recognition
Companymightchoosesome objectsuchasCompanymightchoosesome objectsuchas
e.g. Apple (Applecomputer),e.g. Apple (Applecomputer),
To symbolize quality of organisationTo symbolize quality of organisation
New PerfumeNew Perfume SRK (Shahrukh khan)SRK (Shahrukh khan)
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WRITTENWRITTENANDAND
AUDIO/VISUAL MEDIAAUDIO/VISUAL MEDIA
EVENTSEVENTS::1) MUMBAI: Punecycle Race (Balsara)1) MUMBAI: Punecycle Race (Balsara)
2) Reliancecricketworld2) Reliancecricketworld--cupcup
ATMOSPHERE:ATMOSPHERE:The physicalspacein whichthe organisationThe physicalspacein whichthe organisation
produces or deliversits productimageproduces or deliversits productimagegeneratesgenerates
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Differentiatingand PositioningDifferentiatingand Positioningthemarketofferthemarketoffer
Can wecreateasustainable Differential AdvantageCan wecreateasustainable Differential Advantageover over
competition?competition?
Whatarethemajor differentiatingattributesavailableWhatarethemajor differentiatingattributesavailableto firms?to firms?
How canthe firmchoose oneffective positioninginHow canthe firmchoose oneffective positioningin
market?market?
How cana firmcommunicateits positioningtoHow cana firmcommunicateits positioningtomarket?market?
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Cr tmyCr tmy
he eltfactorThe elta factor Wantto move away from unaware priceWantto move away from unaware pricecompetition?competition?
Can I move away from price comparison?Can I move away from price comparison?
Can I a value tothem?Can I a value tothem?
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To create aTo create a
competitive Advantagecompetitive AdvantageYouneed to createa differentialadvantageto customers by offering benefitYouneed to createa differentialadvantageto customers by offering benefitwhichare perceptible (tangible). Eg. Flatt.v. performancewhichare perceptible (tangible). Eg. Flatt.v. performance
Createaunique position (intangible) foryour productinyourcustomersCreateaunique position (intangible) foryour productinyourcustomersmindmind
Hammercustomeragainand againHammercustomeragainand again
Repeated exposurerepetition.Repeated exposurerepetition.
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Product DifferentiationProduct Differentiation
Whichmarketsegmentorgroup ofcustomersusersisitWhichmarketsegmentorgroup ofcustomersusersisitprimarilyaimed at?primarilyaimed at?
How isitdesigned and offered to meetthespecificneeds ofHow isitdesigned and offered to meetthespecificneeds ofthetargetaudience?thetargetaudience?
Whatspecificreason or benefitare offered to justifyitsWhatspecificreason or benefitare offered to justifyits
purchases?purchases?
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TangibleTangible-------- Fundamental productfeaturesFundamental productfeatures---------- Cosmetics productfeaturesCosmetics productfeatures
Eg;refrigerator (compressor)Eg;refrigerator (compressor)Eg;computer (processor)Eg;computer (processor)
Intangible:Brand image, warranty,aftersalesservice.Intangible:Brand image, warranty,aftersalesservice.
Specific differential StrategiesSpecific differential Strategies
Higher quality.Higher quality. Higherstatusand image.Higherstatusand image. Brand name.Brand name. ConvenienceConvenience Changing distributionchannel.Changing distributionchannel.
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What is the difference betweenWhat is the difference between
FeaturesFeatures andand BenefitBenefit??
Commonlymixed upCommonlymixed up
FeaturesareFeaturesare-------- Whatyou offer WhatthecustomerWhatyou offer Whatthecustomergets.gets.
BenefitsareBenefitsare-------- Whatthecustomerreallyneeds.Whatthecustomerreallyneeds.
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A product is its benefitA product is its benefit
Ifyouask yourcustomer whatthey want:Ifyouask yourcustomer whatthey want:
Theyrespond:Theyrespond:eg; We dontwantsandpapaer, we wantsmoothsurfaceeg; We dontwantsandpapaer, we wantsmoothsurface
Eg: We dontwant drill, we wanthole.Eg: We dontwant drill, we wanthole.
So tellus whatyour productcan do forusSo tellus whatyour productcan do forus------ thethebenefits.benefits.
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Key question to ponderKey question to ponder
Distinguish between Segmentationand DifferentialDistinguish between Segmentationand Differential
Do theymeanthesamething.Do theymeanthesamething.
Cancompanyuse one or both.Cancompanyuse one or both.
Whatfollows What?Whatfollows What?
Whatisrelationship between SegmentationandWhatisrelationship between SegmentationandDifferential.Differential.
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DifferentiationDifferentiation SegmentationSegmentation
Is alwaysIs alwaysmanmademanmade , use different, use different
product by designproduct by design
Segment occurs naturally in market.Segment occurs naturally in market.
Marketer has to discoversegments.Marketer has to discoversegments.
Focuses on Competition:Focuses on Competition: we alwayswe always
difference to move away fromdifference to move away from
competition.competition.
Focuses on consumer :Focuses on consumer :
always takes into account change,always takes into account change,
preference and desire of consumer .preference and desire of consumer .
eg: Maruti 800eg: Maruti 800
Focuses on ManufacturingFocuses on Manufacturing
-- Easy passage in marketEasy passage in market
--
Create niche market for mys
elfCreate niche market for mys
elf
Focuses on demand: it identifiesFocuses on demand: it identifies
emerging opportunity to capitalizeemerging opportunity to capitalize
by the firm.by the firm.
Differentiated may or may not needDifferentiated may or may not need
the segmentation. eg Pepsithe segmentation. eg Pepsi
Segmentation always needsSegmentation always needs
differentiation after, identifying thedifferentiation after, identifying the
segment. We still need tosegment. We still need to
differentiate against competition.differentiate against competition.
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POSITI
ONINGPOS
ITION
ING
DEFINITION:DEFINITION:
Itisanactof designingthecompanyItisanactof designingthecompany
offeringand imageto occupyaofferingand imageto occupyadistinctive placeinthedistinctive placeinthe
mind ofthetargetmarket.mind ofthetargetmarket.
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WHYWHY
Positioning???Positioning???
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Alltheelements of Marketing planAlltheelements of Marketing planpotentiallyaffectthe Position.potentiallyaffectthe Position.
U can know urtarget(customers),U can know urtarget(customers),competitors, Pricingetc..competitors, Pricingetc..
Helpsto solvemarketingmix problem.Helpsto solvemarketingmix problem.
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PositioningisimportantonlyPositioningisimportantonlyforconsumer productforconsumer product
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Positioningisnotwhatu do toPositioningisnotwhatu do tothe Productitis whatu do tothe Productitis whatu do tothecustomersminds.thecustomersminds.
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Fora productto succeed withinachosenFora productto succeed withinachosentargetmarkettargetmarket ::
How wellitis Positioned withintheHow wellitis Positioned withinthemarket?market?
How wellitis perceived to performHow wellitis perceived to perform
relativeto competitive offerings &relativeto competitive offerings &customersneedsintargetsegment?customersneedsintargetsegment?
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When PositioningWhen Positioning
Considerthese points.Considerthese points.
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Whichmarketsegmentorgroup ofWhichmarketsegmentorgroup ofcustomersisitprimarilyaimed at?customersisitprimarilyaimed at?
How isitDesigned & offered to meettheHow isitDesigned & offered to meetthespecificneeds ofthetargetaudience?specificneeds ofthetargetaudience?
Whatspecificreason or benefitareWhatspecificreason or benefitareoffered to justifyits purchases?offered to justifyits purchases?
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Positioning ApproachPositioning Approach
Positioning PossibilitesPositioning Possibilites
OROR
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AttributeAttribute
Use or Application positioningUse or Application positioning
User positioningUser positioning
Competitor positioningCompetitor positioning
Productcategory positioningProductcategory positioning
Quality or price positioningQuality or price positioning
BenefitpositioningBenefitpositioning
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Attribute positioningAttribute positioning::
A company positionsitself onanattributeA company positionsitself onanattribute
Suchassize ornumber ofyearsinSuchassize ornumber ofyearsinexistence.existence.
e.g.Disneyland canadvertiseitselfasthee.g.Disneyland canadvertiseitselfasthe
largesttheme park inthe world.largesttheme park inthe world.
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Use or Application positioningUse or Application positioning::
Positioningthe productas bestforsomePositioningthe productas bestforsomeuser orapplication.user orapplication.
e.g.Japanese DEER PARKcan positionitselfe.g.Japanese DEER PARKcan positionitself
forthetouristwho hasanhourto catchforthetouristwho hasanhourto catchsome quick entertainment.some quick entertainment.
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User positioningUser positioning::
Positioning of productas bestforsomePositioning of productas bestforsomeusergroup.usergroup.
Magicmountaincanadvertiseitselfas bestMagicmountaincanadvertiseitselfas bestforthrillseekers.forthrillseekers.
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Competitor positioningCompetitor positioning::
The productclaimsto be betterinsomeThe productclaimsto be betterinsomewaythananamed competitor.waythananamed competitor.
A TV.companycancompareits TV. withA TV.companycancompareits TV. with
itscompetitors productnshow thattheiritscompetitors productnshow thattheirproductissuperior.productissuperior.
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Productcategory positioningProductcategory positioning::
The productis positioned asaleaderinaThe productis positioned asaleaderinacertaincategory.certaincategory.
e.g.carcompanye.g.carcompany
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Quality or price positioningQuality or price positioning::
The productis positioned as offeringtheThe productis positioned as offeringthebestvaluemoney.bestvaluemoney.
e.g. Tataindicae.g. Tataindica
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BenefitpositioningBenefitpositioning ::
The productis positioned asaleaderinThe productis positioned asaleaderincertain benefit.certain benefit.
KnottsBerry farmmaytryto positionitselfKnottsBerry farmmaytryto positionitself
astheleaderinatheme park thatdeliversastheleaderinatheme park thatdeliversa fantasyexperiencesuchaslivinginthea fantasyexperiencesuchaslivingintheold west.old west.
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BEWAREBEWARE
A companymustavoid the followingA companymustavoid the followingfour positioningerrors.four positioningerrors.
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Under positioningUnder positioning::
Somecompanies discoverthatbuyershaveSomecompanies discoverthatbuyershave
onlyavagueidea ofthe brand.onlyavagueidea ofthe brand.
Buyers dontreallysenseanythingspecialBuyers dontreallysenseanythingspecialaboutit.aboutit.
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Over PositioningOver Positioning::
Buyersmayhavetoo narrow image ofaBuyersmayhavetoo narrow image ofa
brand.brand.
Thusaconsumermightthink acompanysThusaconsumermightthink acompanysproductstartsatRs. 5000/productstartsatRs. 5000/-- wheninfactitwheninfactit
now offeraffordable productsatRs.now offeraffordable productsatRs.1000/1000/--
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Confused positioningConfused positioning::
Buyersmighthaveaconfused image ofaBuyersmighthaveaconfused image ofabrand resulting from..brand resulting from..
-- Too manyclaimsToo manyclaims
-- Frequentchanging of brands positioningFrequentchanging of brands positioning..
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Doubtful positioningDoubtful positioning::
Buyersmay find ithard to believetheBuyersmay find ithard to believethe
brandsclaimsinview ofbrandsclaimsinview of
-- ProductfeaturesProductfeatures
-- Productprice..Productprice..