Clean Edge Razor Splitting Hairs in Product Positioning 1 Index 1. Synopsis ……………………………………………………………………………………………….. 3 2. Situation Analysis…………………………………………………………………………………. 3 3. Alternative Evaluation………………………………………………………………………….. 4 4. Position Strategy‚ with explanation……………………………………………………… 5 5. Marketing mix………………………………………………………………………………………. 6 6. Expected Outcomes……………………………………………………………………………… 8 7. Appendices…………………………………………………………………………………………… 9 - 22 2 Synopsis: Based
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fashion. Some distinct factors which divide the market are as follows:- 1. Age a. 20-35 years b. 35-50 years c. 50 yr and above 2. Sex a. Male b. Female c. Unisex 3. Attitude/Orientation a. Sporty b. Jewelry c. Technology 4. Brands a. Omega b. Rolex c. Tag Heuer d. Breitling e. Cartier f. Gucci 5. Price a. 10-40k b. 40-100k c. 100k + 6. Display a. Analog b. Digital c. Dual 7. Strap a. Leather b. Metal c. Synthetic i)
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Brand Postioning: brand positioning means emphasizing on distinctive characteristic of a product that makes it different from competitor’s product and it appeals to the public. It is the sum of total that differentiates one brand from another. Root Strength: It is the original product‚ value or belief that made a brand great and on its basis brand is now growing. Brand root strength may be a format of a product‚ distinctive features in a product. For example Sony’s first commercial product was
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income adults Benefit Everyone seeks for having pleasure from the icecream Direct Sets of Competition Brand with similar target market and segmentation Panda Magic Golf Bravo Indirect Sets of Competition All other ice creams brands can be seen as indirect competitor of Magnum Even Algida’s Cornetto can be indirect competitor Positioning Map Perceived Quality x Magnum x Cornetto x Bravo x Panda Perceived Price Free Associations Research
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Strategic Management: YUM! Brands/KFC Changes in KFC Global Positioning Over Past 5 Years: 2008: 2012: Countries to which KFC has expanded from 2008-2012: Turkey‚ Costa Rica‚ Guatemala‚ Kenya‚ Croatia‚ Nigeria‚ and Iraq. Source: “KFC.” Wikipedia: NP. <http://en.wikipedia.org/wiki/Kfc> (Accessed 12 April 2012) For a number of years‚ KFC has based its brand strategy on the functional
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Don’t let your clothing wear on your bank account (if you’re a teenager) ‘’ Young people spend too much money on clothes and are too often influenced by brands and designer labels’’ This is in fact the distressing reality my friends. You see how narrow-mindedly we teenagers are perceived. In actual fact at least 7 out of 10 people would agree with that statement. Unquestionably scandalous‚ isn’t it? Anyone who isn’t a teenager is entitled to spend ‘too much’ money on clothes‚ or rather‚ they won’t
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in the world in the year 2008 until 2010. Apple has manufactured few products which are Mac line of computers‚ iPad tablet computer‚ iPod music player‚ iPhone smartphone‚ Apple TV and Software. Based on our assignment‚ we are choosing Apple as our brand and specific to the iPhone 5 product which compare another brand’s product. Apple has manufactured 6 generations of iPhone product which is iPhone 1st‚ iPhone 3G‚ iPhone 3GS and iPhone 5. iPhone 5 is the latest smart phone that produced by Apple. On
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Chapter Crafting the Brand Positioning This chapter illustrates how a firm can choose an effective positioning in the market and differentiate its brand. It describes the various strategies a firm can employ at each stage of a products life cycle and finally shows the implications of Market evolution for marketing Positioning: Positioning is the act of designing the company’s offering and image to occupy strategies. Developing and Communicating a Positioning Strategy Category Membership:
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Write a Brand Positioning Statement The Power of 3 Words First words on the subjects goes to Branding expert and author Jack Trout who advocates the simplest brand positioning strategy possible. He believes that the best and most successful brands occupy very specific positions in consumers minds‚ and those positions can be translated into a brand positioning statement of no more than three words. He wrote a post on Branding Strategy Insider where he said: “I have never seen a great brand positioning
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Red Bull Brand Survey A true understanding of brand positioning comes only after getting the consumers’ insights‚ opinions‚ feedback‚ and vision of a product. To get those I hosted an online survey on http://www. Surveymonkey.com and shared it with my friends‚ which are potential and current customers of Red Bull: most of them are current students or recent college graduates‚ 20-30 y.o. The selected questions for survey were: 1. Are you male or female? 2. What is you #1 choice when you
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