Objectives
Objectives
Objectives
Objectives
Identify Differentiating AttributesIdentify Differentiating Attributes
Choosing & Communicating Effective Choosing & Communicating Effective Positioning
Positioning
Marketing Strategies Along the Product Marketing Strategies Along the Product Life Cycle
Life Cycle
The BCG Competitive
The BCG Competitive
Advantage Matrix
Advantage Matrix
The BCG Competitive
The BCG Competitive
Advantage Matrix
Advantage Matrix
Volume Fragmented Stalemated Specialized S iz e o f th e S iz e o f th e A d v a n ta g e A d v a n ta g e Small Small Large LargeNumber of Approaches Number of Approaches
to Achieve Advantage to Achieve Advantage
Few
Product Differentiation
Product Differentiation
Product Differentiation
Product Differentiation
Form turesFea- mancePerfor- Quality
Conform-ance Quality
Dura-bility
Relia-bility
DeliveryDelivery
Services Differentiation
Services Differentiation
Services Differentiation
Services Differentiation
Ordering Ease Ordering
Ease
Maintenance & Repair Maintenance
& Repair Customer
Training Customer
Training
InstallationInstallation Customer Consulting
Customer
Consulting Mis
ce
lla
ne
ou
s
S
er
vice
Differentiation
Differentiation
Differentiation
Differentiation
Media Atmosphere Symbols
Events
Image Differentiation
Image Differentiation
Image Differentiation
Differences Worth
Differences Worth
Establishing
Establishing Affordable
Affordable SuperiorSuperior
Profitable Profitable
Preemptive Preemptive
Distinctive Distinctive Important
Positioning
Positioning
is the act of
is the act of
designing the company’s
designing the company’s
offering and image to
offering and image to
occupy a distinctive
occupy a distinctive
place in the the target
place in the the target
market’s mind.
Perceptual Map
Perceptual Map
Perceptual Map
Perceptual Map
0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6
0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6
-1.6 -1.4 -1.2 -1.0 -0.8 -0.6 -0.4 -0.2
-1.6 -1.4 -1.2 -1.0 -0.8 -0.6 -0.4 -0.2
1.0 1.0 0.8 0.8 0.6 0.6 0.4 0.4 0.2 0.2 -0.2 -0.2 -0.4 -0.4 Magic Magic Mountain Mountain Japanese Deer Park Knott’s Knott’s Berry Berry Farm Farm Lion Lion Country Country Marineland Marineland of the of the Pacific Pacific Disneyland Disneyland Fun rides Fun rides Exercise Exercise Fantasy
FantasyGood foodGood food
Easy to reach
Easy to reach
Sales & Profit Life Cycles
Sales & Profit Life Cycles
Sales & Profit Life Cycles
Sales & Profit Life Cycles
Introduction
Introduction GrowthGrowth MaturityMaturity DeclineDecline
Time
Time
S
al
es
S
al
es
&
&
p
ro
fi
ts
p
ro
fi
ts
(
$
)
(
$
Four Introductory
Four Introductory
Marketing Strategies
Marketing Strategies
Four Introductory
Four Introductory
Marketing Strategies
Marketing Strategies
Rapid-skimming skimming strategy strategy Rapid-skimming skimming strategy strategy Rapid-penetrationpenetration penetrationpenetrationSlow-Slow-Slow- Slow-skimming skimming strategy strategy Slow-skimming skimming strategy strategy Price Price High High Promotion Promotion High
Maturity Stage
Maturity Stage
Maturity Stage
Maturity Stage
Market ModificationMarket Modification Product ModificationProduct Modification
Decline Stage
Decline Stage
Decline Stage
Decline Stage
Increase investmentIncrease investment
Resolve uncertainties - stable Resolve uncertainties - stable investment
investment
Selective nichesSelective niches HarvestingHarvesting
Market Evolution
Market Evolution
Market Evolution
Market Evolution
EmergenceEmergence GrowthGrowth
Market-Fragmentation and
Market-Fragmentation and
Market-Consolidation Strategies
Market-Consolidation Strategies
Market-Fragmentation and
Market-Fragmentation and
Market-Consolidation Strategies
Market-Consolidation Strategies
(a) Market-fragmentation
(a) Market-fragmentation
stage
stage
C
J XYZ
K FG
DE
AB H
(b) Market-consolidation
(b) Market-consolidation
stage
stage
X
C
AB DE
JK
Review
Review
Review
Review
Identify Differentiating AttributesIdentify Differentiating Attributes
Choosing & Communicating Effective Choosing & Communicating Effective Positioning
Positioning
Marketing Strategies Along the Product Marketing Strategies Along the Product Life Cycle
Life Cycle