Pertemuan Kesebelas Segmenting Markets 1 Segmentation and Competitive Advantage • Market segmentation is the process of placing the buyers in a product market into subgroups so that the buyers in a segment display similar responsiveness to a particular marketing positioning strategy. • Examining specific market segments helps to identify how a firm can (1) attain a close match between buyer’s preferences and the organization’s capabilities 2 Segmentation and Competitive Advantage • (2) compare the organization’s strengths to those of the key competitors in each segment. • Matching preferences with capabilities; Customer preferences can often be better satisfied within a segment, compared to the total market. • Competitive advantage analysis; segment information helps management design effective marketing programs. 3 How Are Market Segments Best Defined? • The process should identify one or more relatively homogeneous groups of prospective buyers with regard to their wants and needs • Differences within one market segment should be small compared to differences across various segments • The segmentation criteria should measure or describe the segments clearly enough so that members can be readily identified • The segmentation process should determine the size and market potential of each segment for use in prioritizing which segments to pursue 4 Segmentation Variables • Demographic Descriptors: – Age – Gender – Income – Occupation – Education – Race and ethnic origin – Events 5 Segmentation Variables • Geographic Descriptors: – Trade area • Behavioral Descriptors: – Consumer needs – Product usage – Purchase influence – Lifestyle – Social class 6 Conclusion • Marketers and entrepreneurs who find new and insightful way to segment mature markets often uncover opportunities for uncontested market entry and rapid growth. • Sharply defined target marketing enables marketers to differentiate from mass market leaders by giving consumers in a narrowly defined market segment what they want. 7