Segmentation-Targeting-Positioning

Essay specific features

 

Issue:

Business

 

Written by:

Joe W

 

Date added:

January 9, 2017

 

Level:

University

 

Grade:

B

 

No of pages / words:

11 / 3032

 

Was viewed:

6686 times

 

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Essay content:

Leading authors like Kotler present the organization as a value creation and delivery sequence. In its first phase, choosing the value, the strategist "proceeds to segment the market, select the appropriate market target, and develop the offer's value positioning. The formula - segmentation, targeting, positioning (STP) - is the essence of strategic marketing...
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The formula - segmentation, targeting, positioning (STP) - is the essence of strategic marketing." (Kotler, 1994, p. 93). Market segmentation is an adaptive strategy. It consists of the partition of the market with the purpose of selecting one or more market segments which the organization can target through the development of specific marketing mixes that adapt to particular market needs...
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