The document discusses brand positioning, which is designing a company's image and value in relation to competitors so that customers understand what the company stands for. Positioning is what is done to the customer's mind, not the product. It provides examples of how brands like Mercedes-Benz and Rolex are positioned as prestigious. Positioning a brand requires deciding on the target consumer, main competitors, similarities and differences to competitors. Effective positioning is customer-based, competitive by being distinct and sustainable, and enhances the company's profile. Steps include identifying competitors, determining important attributes, perceptions of competitors and the brand, and the ideal brand image.
2. Positioning
The act of designing the companys image and value
offer so that the segments customers understand and
appreciate what the company stands for in relation to
its competitors.
Philip Kotler
3. Positioning is not what you do to a product
-It is what you do to the mind of the customer
When you listen Mercedes-Benz and Rolex watch
The first word that comes to your mind is prestige
which have been positioned in our minds in such a
way that whenever we listen to it, we start thinking of
prestige, it is called Positioning
4. Examples
Lirilfreshness
Dominosguaranteed pizza delivery in 30
minutes
Fair & Lovely fairness cream
Pearstender skin, like babys
Batavalue for money shoes
Woodlandsturdy shoes for adventure sports
Zodiacfine quality shirts
Allen Solly casual formal wear
5. To position a brand
You must decide :-
-Who the Target Consumer is
-Who your main competitors are
-How the Brand is similar to your competitors
-How the Brand is different from your competitors
6. 3 Cs of positioning
Customer based
-Be relevant and credible to the customer
-Write in consumers language and consumers point of
view
Competitive
-Be distinct
-Be persuasive
-Be sustainable
Company or Brand
-Better company profile, better the perceived value of
the product.
7. Steps in Positioning
Identify Competitors.
Determine most important attributes consumers use
in choosing a brand.
Determine consumers perceptions of competitors.
Determine perceptions of your brand
What is the ideal brand for your market segments?
Assess best positioning strategy
Track image of brand over time
8. How to go into the prospects mind
Be first
Example ; Maggie, The Hindu News paper, Xerox
To manipulate
Example; Fair & Lovely, Dove
Ignore conventional logic
Example ; sprite
9. Guiding Principles.
A brand's positioning should be updated every three
to five years, or as often as needed to update the
company's overall growth strategy.
Positioning should drive all of an organization's brand
strategies.
Employees, not advertising agencies, bring a brand
positioning to life.
A strong brand positioning is customer driven and fits
with customer perceptions of the brand.