Marketing Analysis Plan – Consumer Behavior Continuing in the role of a marketing professional who has been tasked with completing a marketing plan for a client, refer back to the research you completed in Topic 1 as a starting point for the assignment. Conduct additional research related to consumer behavior. Navigate to the IBIS World website provided in the Class Resources. Click on the Industries dropdown at the top of the screen and then click on “View all sectors”. Choose your chosen company’s industry from the list. Navigate to the Products & Markets section (use the menu on the left for quick navigation). This section will provide the product category information. Part I: Segment and Target Market Characteristics Diagram: Directions: Use the information from the IBIS World website and Topic 2 Resources to complete the chart below. Focus on addressing the questions below as a starting point for filling out the chart. You do not need to address these questions separately. Identify the relevant customer segments. Describe the specific characteristics of the target market. Identify the needs of the target market. Describe how the company differentiates its product and positions its brand to meet the needs of the target market. Describe a consumer buying behavior model for this company and brand. © 2023. Grand Canyon University. All Rights Reserved. Segment • Target Market Characteristics Demographic • US residents between 25-54 • Male and Female • Blue Collar Workers • Combined household income 115k - 230k Psychographic • Parents with young children, and multigenerational families • People really think its the happiest place on earth. • People believe Disney represents all that is good. • People aspire to be apart of Disney Clubs Geographic • Primarily U.S. Residents • Both Urban and Rural Behavioral • Fun for all ages • Diseny fans visit the parks at least twice a year Needs and Pain Points • The need to get away from the rat race and have fun • Vacations where both parents and children can have fun in the same space 2 Part II: Marketing Position Directions: Use your research and the resources provided in this topic to complete the chart below. By addressing each section of this chart you will be determining how the company differentiates its product and positions its brand to meet the needs of the target market. Market Positioning Canvas Disney Parks Solution Where can both adults and children alike have an immersive and entertaining experience that transports them to another world? Disney Parks solves this problem. Differentiators Brand attributes The Disney brand and its roster of Iconic Disney parks inspire feelings of wonder, innocence, positivity, and the belief that dreams can come true. Positioning Statement For children of all ages that want to visit a land where anything is possible, Disney Parks are amusement parks that uniquely solves this by offering immersive experiances that brings your imagination to life.. Part III: Buying Behavior Directions: Using the consumer buying behavior model found in the topic Resources, identify the type of buying behavior the target market will have for this company and brand. Explain how this influences the consumer buying decision process. (50-100 words) 3 Physiological needs will drive the target market of Disney Parks. Seeing groups of people having fun, making memories with loved ones and eating good food will spark the need for rest. Although visiting an amusement park involves a great deal of walking the fact that you are having fun with loved ones and you are fully immersed in a world of pure imagination will make you forget all about the daily stresses of life. This combined with Iconic Disney characters and the lands they inhabit will bring to another dimension of fun. Doing this with family an friends will also satisfy a social need as well. References: Provide APA-formatted references for all resources you have cited. Disney Parks Blog. (2024, June 11). https://disneyparksblog.com/ By, Mcleod, S., on, U., & 24, J. (2024, January 24). Maslow’s hierarchy of needs. Simply Psychology. https://www.simplypsychology.org/maslow.html Amusement Parks . ibisworld. (n.d.). https://my-ibisworldcom.lopes.idm.oclc.org/us/en/industry/71311/performance 4