Differentiation and Brand Positioning Essay Example | Topics and Well Written Essays - 750 words

divergentiation and Brand Positioning - Essay ExampleThis information is highly crucial to a business since it assists to advance it an boilersuit breakthrough and to plan itself well. If I was developing a research design, I would ensure that I include these components in my design in ordering to ensure that I handle all the required issues. While considering the demographics, I would tackle such factors as age of the targeted population. Evaluation of the age component is so crucial since different age groups will have different guides and wants. Taking for instance, most of the individuals in the young generation are interested in the latest technology. Therefore, in order to know where to position itself, a business will need to approximate the age of the population. Another issue that I would prise under demographics is gender. This is because a business will have to decide whether to target the female group or the male group. Other demographic factors that I would evalua te include the income and ethnicity. Assessment of the ethnicity is mainly relevant to the business since it helps in segmentation of the market. This is because different ethnic groups will have different preferences and choices which might affect the overall demand market. Behavior components are also extremely pertinent to the business since they help it to make predictions about the reactions of the consumers towards different actions taken by the business. It also helps in understanding the consumer preferences and thus, helps the business in differentiation and branding. Some of the behaviour components to be included in the research design include consumer reactions towards price changes, reactions towards entry of saucy products and effect of environmental changes (Blythe, 2008). Lifestyle components are crucial in helping the business to set its prices and position itself in the market. This is whereby if the business deals with luxurious items it will need to position its elf close to consumers who lead a high lifestyle. Saxonvilles approach was indeed appropriate for this task. This is because it considered all these issues in a detailed and an organized manner. 2) Which spatial relation do you recommend, and why? Brand positioning is a strategy applied by many businesses to shape the way in which consumers view the products of the business. Once a firm has already chosen its target market, it will need to define or shape the way in which the consumers view its product in their minds. Different positioning strategies have been applied by different businesses, some of which include strengthening the current position, repositioning, out-designing and out-innovating everyone, and finding your niche in the market (Ferrell & Hartline, 2010). However, among all these, the surpass positioning strategy that I would recommend for all businesses is the out-innovating and out-designing of all other businesses. This is because all consumers usually use the co ncept of BEST. Therefore, the commodity that they choose to grease ones palms will be that which appears to be the best according to them. For this reason, the business should seek to be more innovative in coming up with different ideas of creating anomalous and appealing products. In this way, it will be remarkably easy to create consumer loyalty since the consumers will have fixed in their minds that the products of that business are peculiar and of high