Segmentation, Targeting, Positioning, STP Strategies

In today’s marketing world, segmentation is often treated as old hat. And it’s no wonder. With so many misconceptions and segmentation failures, marketing professionals are left with little more than survey statistics, textbook rhetoric, and wasted market research dollars. But all hope is not lost. Building segmentation that works requires a new approach to an …

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Market Segmentation, Targeting, Positioning, STP Steps

Market segmentation, targeting and positioning strategies enable an organization to gain competitive advantage in the market. Market segmentation involves dividing the entire market into groups containing identifiable consumers who seek similar benefits from a product. Next comes the task of targeting and product differentiation. In this, marketers must decide on the marketing mix to be …

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