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7-2 Steps in Segmentation, 7-2 Steps in Segmentation, Targeting, and Positioning Targeting, and Positioning 6. Develop Marketing Mix for Each Target Segment Market 5. Develop Positioning Positioning for Each Target Segment 4. Select Target Segment(s) Market 3. Develop Measures Targeting of Segment Attractiveness 2. Develop Profiles of Resulting Segments 1. Identify Bases Market Segmentation for Segmenting the Market Copyright 1999 Prentice Hall 7-3 Step 1. Market Segmentation 7-3 Step 1. Market Segmentation Levels of Market Segmentation Levels of Market Segmentation Mass Marketing Mass Marketing Same product to all consumers Same product to all consumers (no segmentation) (no segmentation) Segment Marketing Segment Marketing Different products to one or more segments Different products to one or more segments (some segmentation) (some segmentation) Niche Marketing Niche Marketing Different products to subgroups within segments Different products to subgroups within segments ( more segmentation) ( more segmentation) Micromarketing Micromarketing Products to suit the tastes of individuals or locations Products to suit the tastes of individuals or locations (complete segmentation) (complete segmentation) Copyright 1999 Prentice Hall 7-4 Step 1. Market Segmentation 7-4 Step 1. Market Segmentation Bases for Segmenting Consumer Bases for Segmenting Consumer Markets Markets Geographic Nations, states, regions or cities Demographic Age, gender, family size and life cycle, or income Psychographic Social class, lifestyle, or personality Behavioral Occasions, benefits, uses, or responses Copyright 1999 Prentice Hall 7-5 Using Multiple Segmentation 7-5 Using Multiple Segmentation Bases: Geodemographics Bases: Geodemographics Copyright 1999 Prentice Hall 7-6 Step 1. Market Segmentation 7-6 Step 1. Market Segmentation Bases for Segmenting Business Bases for Segmenting Business Markets Markets Personal Demographics Characteristics Bases Bases for Segmenting for Segmenting Situational Business Business Operating Factors Markets Markets Characteristics Purchasing Approaches Copyright 1999 Prentice Hall
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