TAILIEUCHUNG - Marketing management Chapter 10

CHAPTER 10 CRAFTING THE BRAND POSITIONING. No company can win if its products and offerings resemble every other product and offering. Companies must pursue relevant positioning and differentiation. As part of the strategic brand management process, each company and offering must represent a distinctive big idea in the mind of the target market. | IN THIS CHAPTER. WE WILL ADDRESS THE FOLLOWING QUESTIONS 1. How can a fkm choose and communicate an effective positioning in the market 2. How are brands differentiated 3. What marketing strategies are appropriate at each stage of the product life cycle 4. What are the implications of market évolution for marketing strategies thirteen CHAPTER 10 30 CRAFTING THE BRAND POSITIONING A necenl PBS iurtd drive cn New Marti s CtLuine Th. rtccn. Channel Thitteen is adjusting its programming to attract a more tocrsc audience. Mo company cạn win if its products and offerings resemble every Other product and offering. Companies must pursue relevant positioning and differentiation. As part of the strategic brand management process each company and offering must represent a distinctive big idea in the mind of the target market. he Public Broadcasting Service finds its brand in a difficult position. The average nightly prime-time ratings far public television s 349 __ stations declined 23 percent from 1993 to 2002. During that same period cable networks such as Discovery Channel History Channel A E and Fox News siphoned off PBS viewers and experienced a 122 percent growth. PBS s loyal audience is aging the average age of a prime-time PBS viewer is the mid-fifties. The challenge is to attract new younger viewers while still maintaining the quality programming that is its mission. PBS s identity crisis caused CEO Pat Mitchell to proclaim in 2002 For public broadcasting to be vital and viable we are going to have to embrace some changes 31Û PART 4 BUILDING STRONG BRANDS As the plight of PBS demonstrates even when a company succeeds in distinguishing itself differences can be short-lived. Companies normally reformulate their marketing strategies and offerings several times. Economic conditions change competitors launch new assaults and products pass through new stages of buyer interest and requirements. Marketers must develop strategies for each stage in the product s life .

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