Identify, and develop position strategy Flashcards
Positioning
The mental picture or perception ( thought, feelings, and impressions) that people have about a company, products or brands
Sources: like a friends, family, relatives and references groups
value proposition
Communicate the customers from a product or service. provide reason for wanting to purchasing
How to position
With the value of product and services
Position against competitors–how the brand provide better services than the competition
target market
offering name of the brand
product service category
unique point of difference
Position methods
Value
relation price to quality
Product attributes
benefits
Symbolism
Physchological meaning of the product
Competition
Position using perceptual mind
two or more dimensions, the position of products or brands in the consumer brand.
- Determine consumer perception compare with competitors
- Identify markets ideal point and size
- identify competitors positions
- determine consumer preferences
- select the position
- monitor the position strategy