Matakuliah : J0504 - Strategi Pemasaran Tahun : 2009 Market Targeting and Strategic Positioning Pertemuan 9 Buku 1 Hal: 184-202 Learning Objective • • • • • Market Targeting Strategy Targeting in Different Market Environments Positioning Strategy Developing the Positioning Strategy Determining Positioning Effectiveness Bina Nusantara MARKET TARGETING STRATEGY The Marketing Targeting Decision Identities the People or Organizations in a Product-Market Toward Which a Firm Directs Its Positioning Strategy Guided by an understanding of: •The product-market •Its buyers •Firm’s capabilities resources •Competition Market Targeting and Strategic Positioning • Core dimensions of market-driven strategy: deciding which buyer’s to target and how to position the firm’s products • Effective targeting and positioning strategies are essential in gaining and sustaining superior performance SEGMENTS VALUE OPPORTUNITES CAPABILITIES/ SEGMENT MATCH TARGET(S) POSTIONING FOR EACH TARGET Identify segments within the product-market TARGETING AND POSTIONING Decide and implement a positioning strategy for each targeted segment Decide which segment(s) to target Market Targeting Alternatives Segments Clearly Defined Selective Targeting Target Selected Niche(s) Product Specialization Target Multiple Segments Product Variety Differentiated But Segments Not Clearly Defined Extensive Targeting Factors Influencing Targeting Decisions • Stage of product – market maturity • Extent of diversity in preferences • Industry structure • Capabilities and resources • Opportunities to gain competitive advantage TARGETING IN DIFFERENT MARKET ENVIRONMENTS Emerging Growing Mature Declining Global Emerging Market Buyer Diversity – Segmentation limited due to similarity of buyers’ preferences Industry Structure – Typically small new organizations – Limited access to resources Capabilities and Resources – Unique benefit (differentiation) strategy rather than low-cost – First-mover advantage Targeting Strategy – Single target or a few broad segments Growth Market Buyer Diversity – Segments should exist Industry Structure – Numerous competitors Capabilities and Resources – Survival requires aggressive actions by firms that seek large market positions – Otherwise select one or a few market segments Targeting Strategy – Three possible strategies 1. Extensive market coverage by firms with established businesses in related markets 2. Selective targeting by firms with diversified product portfolios 3. Very focused targeting strategies by small organizations serving one or a few market segments. Mature Markets Buyer Diversity – Segmentation essential for competitive advantage Industry Structure – Intense competition for market share – Emphasis on cost and service, and pressures on profits Capabilities and Resources Management’s objectives: cost reduction, selective targeting, product differentiation Targeting Strategy Deciding which segment to serve Firms pursuing extensive targeting strategies may decide to exit from certain segments Global Markets Global Reach and Standardization – Identify market segments that span global markets and serve these needs with global positioning strategies Local Adaptation – Consider requirements of domestic buyers – Buyers’ needs and preferences affected by social, political, cultural, economic, and language differences Industry Structure – Restructuring, acquisitions, mergers, and strategic alliances altering industries and competition Targeting Strategy – Targeting a single country, regional (multinational) targeting, or global targeting