BRAND POSITIONING Prof. Chaitali Chandarana. MeANING A brand can hope at best to occupy such a...
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Transcript of BRAND POSITIONING Prof. Chaitali Chandarana. MeANING A brand can hope at best to occupy such a...
BRAND POSITIONINGProf. Chaitali Chandarana
MeANING
• A brand can hope at best to occupy such a position as a tenant, for periods that will vary according to the quality and quantity of marketing efforts behind that brand.
• Once the core product concept is chosen, it defines the character of the product space in which the new product has to be positioned.
• This is the core thought behind brand positioning - the idea that each brand (if at all noticed) occupies a particular point or space in the individual consumer's mind, a point that is determined by that consumer's perception of the brand in question and in its relation to other brands.
• Positioning, therefore, starts with our understanding or 'mapping' of a prospect consumer's mental perceptions of products.
• Brand position is the part of the brand identity and value proposition that is to be actively communicated to the target audience and that demonstrates an advantage over competing brands.
• The four salient characteristics of a brand position as reflected by the phrases “part”, “target audience”, “actively communicated”, and “demonstrates advantage”.
Comparision with brand identity:
Comparison of the identity with the image will usually result in one of three very different communication tasks being reflected in a brand position statement. Any brand image can be
• Augmented (if a dimension needs to be added or strengthened) e.g., add social group acceptance
• Reinforced and exploited (if the image associations are consistent with the identity and are strong) e.g., reinforce fun and humor ous personality
• Diffused, softened or deleted (if the image is inconsistent with the brand identity) e.g., soften middle-aged-user imagery
Brand positioning Demonstrates An Advantage
• Resonate with the Customer
• Differentiate Oneself from Competitors
• Matching Versus Beating Competitors
KEY points about positioning
• It is a strategic, not a tactical, activity
• It is aimed at developing a strategic, sustainable competitive advantage
• It is concerned with managing perceptions
• Brand image and reputation are the result of the positioning process
Components of positioning
The four basic components of the positioning concept are:
I. Product class
II. Consumer segmentation.
III. Consumer perception
IV. The benefits offered by the brand.
I. PRODUCT CLASS Positioning
• Position in relation to attributes
• Positioning the product in relation to users/ image.
• Position in relation to competetion
• Position directly against competetion
• Positioning away from competetion.
• Positioning in relation to a different product class
II. Approaches to Consumer segmentation positioning
• Undifferentiated Strategy (Commodities like Chilly powder, Rice etc)
• Concentrated strategy (Air Deccan concentrating on Cost factor and not on better seating arrangement/ food)
• Differentiated Strategy (Different size of packaging, Business and Economic Class in airline sector.)
III. Perceptual mapping
• How a product relates to the competition
• Who the nearest competitirs are
• Which product/ service attributes best describes each product.
IV. Brand benefits & Attributes
• Attributes are simple characterstics of a particular product.
• Benefits are a approach about how a brand meets a consumer need.
• Benefits rather than attributes is more powerful in motivating consumers.
• Attribute: Sugarfree is low on calories
• Benefits: Helps you feel good about yourself.
Cornerstone of positioning strategy
• Know your target market
• Distinctive product positioning
• Positioning statements differentiating from competitors by adding value & creating brand personality.
Part Of The Identity
• Look to the Core Identity
• Identify Points of Leverage
• The Value Proposition
• The Target Audience
• Active Communication
Comparing Positioning and Identity
• Comparison of the identity with the image will usually result in one of three very different communication tasks being reflected in a brand position statement. Any brand image can be
• Augmented (if a dimension needs to be added or strengthened) e.g., add social group acceptance
• Reinforced and exploited (if the image associations are consistent with the identity and are strong) e.g., reinforce fun and humor ous personality
• Diffused, softened or deleted (if the image is inconsistent with the brand identity) e.g., soften middle-aged-user imagery
Advantages
• Resonate with the Customer
• Differentiate Oneself from Competitors
• Matching Versus Beating Competitors
Not Every brand is in a Competition…
Positioning Opportunities for a Product
• Finding an unmet consumer need .
• Identifying a product strength that is both unique & important
• Determining how to correct a product weakness and thereby enhance a product’s appeal.
• Changing consumer usage patterns.
• Identifying market segments, which represent the best targets for a product
Qualities of a Successful Positioning
• Relevance
• Clarity
• Distinctiveness
• Coherence
• Commitment
• Patience
• Courage
Types
• Positioning by Corporate Identity
• Positioning by Brand Endorsement
• Category-related positioning
• Benefit-related positioning
• Positioning by usage occasion and time
• Price-Quality positioning
• Positioning on specific product features:
• Positioning a product by its performance
• Positioning on benefits, problem solutions or needs:
THANK YOU