Click here to load reader

09. market and market segmentation

Embed Size (px)

Citation preview

Chapter Five

Rajeev ShresthaLecture 9 March 29, 2012Market and Market Segmentation

1

Market and Market SegmentationMarket and its typesCustomer-Driven Marketing StrategyMarket SegmentationMarket TargetingDifferentiation and Positioning

Topic Outline

2

Psychographic SegmentationPsychographic segmentation divides buyers into different groups based on social class, lifestyle, or personality traits

Levis Go Forth

3

Behavioral segmentationIt divides buyers into groups based on their knowledge, attitudes, uses, or responses to a productOccasionsBenefits soughtUser statusUsage rateLoyalty status

4

Behavioral segmentation

Dairy Milk

5

Multiple Segmentation BasesMultiple segmentation is used to identify smaller, better-defined target groups

Geo-demographic segmentation is an example of multivariable segmentation that divides groups into consumer lifestyle patterns

6

Segmenting Business MarketsSimilar to those of the consumer marketAdditionalOperating characteristicsPurchasing approachSituational factorsPersonal characteristics

7

Segmenting International market

8

Segmenting International marketInter-market segmentation divides consumers into groups with similar needs and buying behaviors even though they are located in different countries

9

Requirements for Effective Segmentation

10