Preview

Market Segmentation of Bata

Satisfactory Essays
Open Document
Open Document
431 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Market Segmentation of Bata
a) Market Segmentation: Actually, market segmentation is Consists of dividing the market into fairly homogeneous parts where any part may conceivably be selected as a market target to be reached with a distinct marketing mix.Now a days, companies cannot avoid the process segmenting market.BATA has segmented the whole market to smaller group of buyers who have differences in characteristics, needs or behaviors.As the different segments need different products, BATA has tried to deliver different products for their selected segments.Four very important variables of market segmentation of BATA are discussed in following table:

Variables | Segmenting unit | Explanation | Example | Geographic | World region | BATA has covered 5 regions. | Europe, Asia Pacific,Latin America, North America, Africa. | | Country | Bata has been developed in almost 79 countries. | Bangladesh,India, Canada,South Africa, Bolivia, Italy etc. | | City | In provincial capitals of Bangladesh, Canada, India etc. | Mumbai,Dhaka, Chittagong, Montreal etc. | | Density | Areas of cities where targeted customers are densed. | Bashundhara city mall,Dhanmondi,Khilgaon etc. | Demographic | Age | All category aged people are targeting customers. | Bata Industrial s (safety footwear) Bubblegummers (children)Power (athletic shoes )Marie Claire (women)Hush Puppies(older)Island,north star(young) | | Gender | Male,Female,Kids. | Bubble gummers,Hush puppies,Marie claire,Power,Sandak.etc. | | Income | All categories earned people can have it’s product. | Sandak,Island,power,Marie claire,Weinbrener,Hush Puppies etc. | | Occupation | Any kind of professionals | Formal shoes, Sandals, Choppol,Sports,Casual. | | Generation | Baby, young, Older. | Island,Bubble gummers,Marie Clire,Hush puppies.etc. | | Race | Asian,Black,White. | Variations in color of shoes.eg:Black, White, Chocolate,Blue,Red etc. | Psycho-graphic | Social class | Upper,Lower,Medium class

You May Also Find These Documents Helpful

  • Better Essays

    “Market segmentation is a two-step process of (1) naming broad product-markets and (2) segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes” (Perreault, Cannon, & McCarthy, 2011, p. 92). To complete successful market segmentation an organization must gather information on potential customers, divide the population into various market segments, estimate the most profitable segments, and rank the market segments by potential sales. This process is imperative during the marketing process because it distinguishes…

    • 1524 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    BUS 620 Week 3 DQ 2

    • 421 Words
    • 2 Pages

    Marketing Segmentation . What are the different levels of market segmentation? Synthesize the segmentation strategies that manufacturers of personal comp...…

    • 421 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Morrisons vs Tesco

    • 1261 Words
    • 6 Pages

    Segmentation is the process of breaking down the total market for a product or service into distinct groups. The essence of the marketing concept when taking decisions is to place customer needs at the centre of the organisation. This approach stems from a number of different factors, such as competition increasing; customers well educated; patterns of demands which is relatively changing and many others. For example when the banking system was developed, Banks were mostly known to put the customers’ excess money into a safe place while earning some interest on the capital and to borrow money in order to finance personal requirements. Nowadays, customers are looking for much…

    • 1261 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    2. Market Segmentation involves dividing a large market into subgroups of customers with similar needs and requests for goods and services. These subgroups are identified by many demographic situations, depending on what it is that the marketer is segmenting them for. Marketing campaigns can then be developed around the needs and wants of the subgroups. The main and basic reason for market segmentation is to help a company understand what the needs are of its customer base. Often by segregating consumers by specific criteria a company can identify other functions for their products that may or may not have been recognizable before. Identifying these other ideas for use of goods and services may help the company target a larger segmentation in that same demographic classification and thus increase market share among a specific sub market…

    • 300 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Chapter 8

    • 1089 Words
    • 5 Pages

    Market segmentation is to aggregate potential buyers into groups that have common needs and will respond similarly to a marketing action. Market segments are the relatively similar groups of potential buyers that result from the market segmentation process. The existence of different market segments has caused firms to use a marketing strategy of product differentiation. This strategy is related to using different marketing mix activities, such as product features and advertising, to help consumers perceive a product as being different and better than competing products. One of the marketing segments’ tools is a market-product grid, which is a framework to relate the market segments of potential buyers to products offered or potential marketing actions. A business goes to the trouble and expense of segmenting its markets when it expects that this will increase its sales, profit, and return on investment. When expenses are greater than the potentially increased sales from segmentation, a firm should not attempt to segment its market. Three specific segmentation strategies that illustrate this point are (1) one product and multiple market segments, (2) multiple products and multiple market segments, and (3) segments of one, or mass customization.…

    • 1089 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Segmentation consists in dividing a population into homogeneous groups of people; these groups must be as different as possible. A business segments to better meet customer’s expectations, to exploit new market opportunities and to concentrate its forces and place of battle. Segmenting customers is to cut it into homogeneous groups, based on specific criteria, each group being distinct from each other and can be chosen as the target of a marketing action. There are many possible criteria for segmentation, which can be grouped into broad categories:…

    • 1931 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    TASK 1 3

    • 2304 Words
    • 7 Pages

    Market segmentation is one of the important concepts of corporate marketing, because of customers have difference need and want. Market segments can more easily formulate business strategy.…

    • 2304 Words
    • 7 Pages
    Satisfactory Essays
  • Better Essays

    Nike Marketing Plan

    • 1733 Words
    • 7 Pages

    - Offers footwear and products to sports such as tennis,golf, baseball, football, bicycling, volleyball, wrestling, cheerleading, aquatic activities, hiking, outdoor activities and other athletic and recreational activities…

    • 1733 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Primark Analysis

    • 1487 Words
    • 6 Pages

    Primark is an Irish clothing brand, with over 200 stores over the world in countries such as Ireland, United Kingdom, Germany, Spain, Portugal, Netherlands or Belgium. It is considered one of the most important ‘fast fashion’ leaders in the UK retailing market. Its main and notable differentitive key points is producing large volume of clothing and selling them at a very cheap price. It has several lines to cover as many targets as possible such as women clothing, men clothing, shoes, accessories, baby clothing, children clothing, underwear, swim wear, night wear and house clothing. It has different brands for each sector, the main ones are:…

    • 1487 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Market Segmentation

    • 2929 Words
    • 12 Pages

    Market segmentation is the process of dividing the market into parts that are different from one another. It is the identification of potential customers who would buy your products. Different customers have different needs and it is not possible to satisfy these needs by treating all customers in a similar way. Most organisations do not have all the resources to satisfy the needs of all the customers. Therefore, it is necessary to identify the similar groups of customers and to serve one or two group with the available resources. When market segmentation is done well the members in each segment of the market are as similar to each other as possible inside a segment and are also as different as possible among segments.…

    • 2929 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Stereotypes and Prejudice

    • 584 Words
    • 3 Pages

    |Race |All black people eat fried chicken|Most Mexicans are immigrants |All white people are races |…

    • 584 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Crop Circles

    • 432 Words
    • 2 Pages

    The earliest recorded image of a crop circle came from a 1678 news pamphlet. Someone who studies crop circles is called a cereologist. David Chorley and Doug Bower earned an IG Nobel Prize in 1992 for crop circle hoaxing since 1976.…

    • 432 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Market segmentation refers to the process of dividing a market into a smaller group of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. The marketers of Haagen-Dazs in Malaysia have tried different market segmentation variables to find out the best method to market structure. The characteristics that used are geographic and demographic.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Titan Watches

    • 3584 Words
    • 15 Pages

    Dividing the market by grouping the customer with similar tastes and preferences into one segment is called is called “segmentation”. Segmentation help marketers understand the needs of different customers better and serve them with better value propositions. A market comprises of different consumers possessing innumerable tastes and preferences. Depending on their marketing approach and the nature of the products marketers can adopt different level s of segmentation. The levels of market segmentation are: • Segment Marketing • Individual Marketing • Niche Marketing • Local Marketing…

    • 3584 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    “As a result, Bata enjoys a long history as a leading manufacturer and retailer of quality footwear, and proudly serves some one million customers each day. With more than 30,000 employees, 5,000 international retail stores, and a presence in over 70 countries, Bata is positioned to deliver an unparalleled combination of selection, quality, and service to customers around the globe.” (Bata, (C) 2013)…

    • 1537 Words
    • 7 Pages
    Powerful Essays