GATORADE CASE STUDY MAIN CONCEPTS: • Positioning Statement Map • Brand Extension • Niche/Differentiation • Re-positioning WHAT IS POSITIONING? • Creating a “perception” (or image) of what the market believes of your product • Not simply informing them about your product • The positioning concept focuses on the rational or emotional benefits that buyer will receive or feel by using the product/service - the perception/image conveyed • Differentiation: what makes the product/service different than competitors? • Repositioning: shift the entire image and gauge how consumers will react POSITIONING STATEMENT • For (target customer) • the (product name) • that (statement of key benefit) – • that is, (compelling reason to buy). • Unlike (primary competitive alternative), our product (statement of primary differentiation). POSITIONING STATEMENT FOR GATORADE: • Target Market: Especially for the serious-minded male athlete, • Product: Gatorade is the original sports beverage • Key benefit: that improves performance • Reason to believe: by re-hydrating the body and replacing lost electrolytes. More sample statements BRAND EXTENSION • a marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category • In the 1990s, 81 percent of new products used brand extension to introduce new brands and to create sales • Positives: less risky financially, utilizes existing brand equity • Negatives: Diluting the brand, damaging the image Brand Extension Samples: http://www.adweek.com/news/advertising-branding/best-and-worst-brand-extensions146966?page=4