Brand Reputation Week 6-7 - ideal point model
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Australian Pacific College *
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2207
Subject
Marketing
Date
Feb 20, 2024
Type
Pages
7
Uploaded by CoachFrogMaster593
1
IDEAL POINT MODEL & POP/POD
Brand: Functional level
226
Customer-Based Brand Equity Pyramid
227
228
Brand/Product Positioning Using Perceptual & Preference Maps
•
Mapping:
Techniques (using customer-
data) that enable managers to develop differentiation and positioning strategies by enabling them to visualize the competitive structure of their markets as perceived by their customers.
228
Understanding which attributes really matter…!
Ideal point 229
2
Ideal point model
1.
Compares your brand versus an ideal held by consumers.
2.
Measures the perceptions of the brand’s location along
an attribute continuum
3.
Multiplied by an importance level for each attribute
•
The product must be rated close to the ideal point. For example, two brands of facial tissue might have a satisfactory price, fragrance, and texture, but the brand selected may have a fragrance similar to the buyer's
favorite perfume.
230
Ideal point model
•
If the importance of an attribute is high:
•
And our performance is poor
•
If the competitor is also poor, we have neglected an opportunity
•
If the competitor is good, we are at a competitive disadvantage
•
And our performance is good
•
If our competitor is poor, we have competitive advantage
•
If our competitor is good, we have competition 231
Ideal point model
•
If the importance of an attribute is low:
•
And our performance is poor
•
If the competitor is also poor, we have a null opportunity
•
If the competitor is good, we have a false alarm – it doesn’t matter
•
And our performance is good
•
If our competitor is poor, we have a false advantage – it’s not worth it
•
If our competitor is good, we have false competition 232
Ideal point Model
Samsung_S5_Commercial_2014_Dont_be_Wall_Hugger.flv
Nokia_mocks_iPhone_5_in_a_new_ad_for_a_Umia_820.flv.fl
v
233
3
Understanding which attributes really matter…!
http://tejas.iimb.ac.in/articles/95.php
234
Repositioning of KFC
(WARC)
The issue: A Narrowing business base. In order to address this a KFC management project team was appointed. Their task was to develop an overall marketing plan that would achieve a quantum
leap in sales by the end of the financial year.
235
Target insight
•
Only 4 out of 10 adults had used any fast food outlet in the past three months. •
Two thirds of the business was in the hands of heavy users, ie those who visit a quick service restaurant once every three days. •
These heavy users tended to be male, single, young and downscale in terms of social class, income and education. •
Most consumption would take place after 10pm. •
At last these consumers have very little brand loyalty.
236
Britain after dark…
237
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