4 - Brand Positioning

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Week 1 Lecture 4 Prof. Barbara E. Kahn
Carlo Marmo
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Carlo Marmo
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Resumen del Recurso

Pregunta Respuesta
What is a brand? (traditional definition) The promise from the company to its customers of specific benefits, quality and value.
What is a brand? (today definition) Whatever the customer thinks it is!
What is the frame of reference? In a positioning strategy, it is the other competitors a company is comparing itself to.
What is a target segment? A specific group of people within the target market at which a product is aimed.
Market segmentation (definition) A marketing strategy which involves dividing a broad target market into subsets of customers with needs, interests or other variables in common.
Positioning (definition) A positioning statement defines the value proposition of product to the target market in terms of target market, point of difference and points of parity
Points of parity POP (definition) Attributes or benefits a company shares with other competitors
Category POPs (definition) Associations consumers view as necessary to be considered credible (milk or eggs for grocery stores)
Competitive POPs (definition) Associations designed to negate competitors' points of difference
Points of difference PODs ( definition) In a positioning strategy, attributes or benefits unique to a company (customers could not find PODs to the same extent with a competitor)
Desirable attribute of PODs 1. Relevant to the customers 2. Sustainable 3.
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