gatorade case study. main concepts: positioning brand extension niche/differentiation re-positioning
TRANSCRIPT
GATORADE CASE STUDY
MAIN CONCEPTS:
•Positioning•Brand Extension•Niche/Differentiation•Re-positioning
WHAT IS POSITIONING?• Creating a “perception” (or image) of what the market
believes of your product
• Not simply informing them about your product
• The positioning concept focuses on the rational or emotional benefits that buyer will receive or feel by using the product/service - the perception/image conveyed
• Differentiation: what makes the product/service different than competitors?
• Repositioning: shift the entire image and gauge how consumers will react
POSITIONING STATEMENT
• For (target customer) who (statement of the need or opportunity), the (product name) is a (product category) that (statement of key benefit – that is, compelling reason to buy).
• Unlike (primary competitive alternative), our product (statement of primary differentiation).
POSITIONING STATEMENT FOR GATORADE:• Especially for the serious-minded male athlete,
• Gatorade is the original sports beverage
• that improves performance
• by re-hydrating the body and replacing lost electrolytes.
More sample statements
BRAND EXTENSION
• a marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category
• In the 1990s, 81 percent of new products used brand extension to introduce new brands and to create sales
• Positives: less risky financially, utilizes existing brand equity
• Negatives: Diluting the brand, damaging the image
Brand Extension Samples: http://www.adweek.com/news/advertising-branding/best-and-worst-brand-extensions-146966?page=4