Marketing Analysis - 1745 Words

Marketing Analysis Your name Class Instructor Date Marketing Analysis It takes hard work to create image of the company or brand or products in a given market as noticed by a target market. Whether marketing a piece of merchandise, a service, a company or even a person, positioning is crucial to the success of any product. Positioning of that product is about how you get into the mind of the prospective customer. You must first get into a prospect’s mind and then occupy that space. When positioning a product, you want the prospect to recognize that your product is created especially for them. This paper will identify different types of analysis used by marketers to find out product positioning, competitive†¦show more content†¦Additional information may be gathered from consumers to name the dimensions. The attributes that are the most important in consumers’ perceptions of a product category can be determined from survey research. In this way, positioning is not actually something that is done to the product; rather it is something that marketers do to the minds of consumers. It relates to how consumers perceive the product in terms of relative to competing offerings. Company needs to be careful in positioning their product as it is challenging to attempt to change that perception later on. Competitive positioning The competitive positioning paradigm, drawing largely on the work of Porter (1980, 1985), dominated strategic management in the 1980s. It emphasized the idea of strategic fit between the organization and its environment so as to achieve competitive advantage, referring to this as competitive positioning. â€Å"When the prospective market can clearly see how the company s product differs from the others, it will be easier for the company to guide them to purchase the product. A key element of the positioning strategy is the value proposition† (Campbell, et. al. 2002). In order to analyze competitor positioning, a competitor array is the most useful and common technique to use. A two dimensional matrix that shows a list of competitors, benefits expected by customers, the industry, the overall strength of each competitor in relation to one anotherShow MoreRelatedMarketing Analysis : Marketing And Marketing966 Words   |  4 Pagesreflect back over these last five weeks I now have a clearer view of marketing and how it affects not just the consumers of the world and the companies with their marketing managers, but how it affects me. Yes, I am a consumer who clips coupons, budgets my finances, and looks for sale items and this marketing class has taught me that marketing is more than selling or advertising. Marketing managers have a difficult job, as marketing involves identifying, meeting and satisfying the needs of customersRead MoreMarketing Analysis : Marketing And Marketing1770 Words   |  8 PagesWhat is Marketing? 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