young marketers elite 3 - assignment 7.1 - positioning - Đức hiệp - kỳ vỹ - khánh thy
TRANSCRIPT
ASSIGNMENT 7.1 – BRAND POSITIONING
Ky Vy Khánh ThyDuc Hiep
Decide the competitive stance you want to adopt.
BrandTarget
consumerCompetitors Target market
Directly deliver the brand’s benefits/ reasons to buy.
Give your target consumer’ sreason to buy your brand in preference to other brands.
Create a distinctive place in
the market and own your target market niche.
BRAND POSITIONING
BRAND POSITIONING DO
BRAND POSITIONING IS IMPLEMENTED WITH
marketing plan
marketing strategies
product
concept
communication concept
pricing
distribution
packaging
promotions
competition
….
Anatomy of Brand positioning
Brand domain: the brand’s target market, where it competes in the market place.Brand heritage: the background to the brand and its cultureBrand values: the core values and characteristics of the brand. Brand assets: what makes the brand different
to its competitors? For example logos, symbols and images Brand personality: the character of the brand described in terms of other entities such as people, animals or objects.Brand reflection: how the brand relates to self-identity; how the consumer perceives him/herself as a result of buying or using the brand.
BRAND POSITIONING IS a process of positioning your brand in the mind of your consumer to create a unique impression in the consumer’s mind so that the customer associates something specific and desirable with your brand that is distinct from rest of the marketplace.
EXAMPLE:Colgate: ProtectionLux: Glamour
Axe: Sexual attraction
THE FOUR POSITIONING STATEMENT COMPONENTS
HOW IS POSITIONING IMPORTANT?
BRAND POSITIONING STATEMENT ISA one or two sentence declaration that communicates your brand’s unique value to your consumers in relation to your main competitors.
BRAND POSITIONING STATEMENT
probably the most important sentence in a marketing plan.
brings focus to the development of a marketing strategy and the marketing plan and tactics supporting that strategy
make key decisions that affect your consumer’s perception of your brand.
Positioning Statements versus TaglinesBrand positioning statements are often confused with company taglines or slogans.
Positioning statements Tag line Internal use. External statement
Insights from your positioning statement can be turned into a tagline.
EXAMPLE: Walmart:Tagline: Always low prices. Always.Positioning statement:Walmart is an multinational retail corporation provides to household with low-price goods where multinational retail corporation
1. Target Consumer: What is a concise summary of the attitudinal and demographic description of the target group of consumers your brand is attempting to appeal to and attract?
2. Market Definition: What category is your brand competing in and in
what context does your brand have relevance to your consumers?
3. Brand Promise: What is the most compelling
(emotional/rational) benefit to your target consumers that your brand can own relative to your competition?
4. Reason to Believe: What is the most compelling evidence that your brand
delivers on its brand promise?
1. Vietjetair
Brand positioning: cheap price flight service
Brand positioning statement: Vietjetair is an
airline service providing to middle-income and
low-income class with affordable price flights
which in parallel with qualified service.
3. WeCreate:
Brand positioning: Book for start up and career.
Brand positioning statement: We Create is book
publisher providing to reader who aim to have
successful career and extent professional knowlegde
with books about "occupation" to help readers have
an overview of potential job requirements as well as
the skills and knowledge to successful careers.
Category : airline service
Competitive environment:
Vietnamairline, Jetstar Pacific,...
Target consumer: middle-
income and low-income class.
Category: Book publisher
Target consumer: reader who
aim to have successful career
and extent professional
knowlegde
2. An Phuoc Group
Brand positioning: formal outfit
Brand positioning statement: An
Phuoc is a ready-to-wear clothes
brand providing to white collar
workers with business casual with
elegent and genteel colour,
fabric and styles.
Category: Clothes
Target consumer: white
collar worker.
Competive environment:
Blue Exchange, Ninomax,
Viettien,..
Insight
Target
Benefits
Values, Beliefs& Personality
Reason toBelieve
Discriminator
CompetitiveEnvironment
RootStrengths What made us famous in the first place?
What do we still want to be famous for in the future?
Describe in
consumer terms
Focus on attitudes of the key influencer
Ask “why is that important?” to dig deeper
Functional
benefit
must
lead
into
emotional
benefit
A picture
thousand
paints a
words
Own Rational &
Emotional
Tightly
linked
to
insight
BRAND KEYWHAT BRAND KEY IS?- It establishes a framework for brand’s future desired positioning, most importantly a common language for brand- It’s one of the single most important exercises when commencing brand development journey
Beware of
essences that
are no more
than catchy
straplines and
have no
substance
BRAND KEY PROVIDES 4 RULES
- Direction- Focus- Consistency- Inspiration
KEY PRINCIPLES OFEXCELLENT BRAND KEY
- Focus- Strategic Intent- Saliency- Simple
- Usually stated in 2 – 3 words, a brand’s essence is the one constant across product categories and throughout the world- And what cannot be changed when extending is brand essence- 9 criteria for Brand Essence:
BRAND ESSENCEThe heart and soul of a Brand – a
brand’s fundamental nature or quality
UNIQUE INTANGIBLE SINGLE-MINDED
MEANINGFUL
CONSISTANTLY DELIVERED
AUTHENTIC
SUBTAINABLE
SCALABLE
Insight
Target
Benefits
Values, Beliefs& Personality
Reason toBelieve
Discriminator
CompetitiveEnvironment
RootStrengths
High-class technology of the worldEssence of natural Vietnamese land
Tough with a lot of
popular brands
such as Vinamilk,
Dutch Lady, BaVì…
Mom
Age: 25-40
High incomeCaring families
Among lots of kinds of bad
milk in the market, I want a clean milk that really made from nature to assurance for
health of my family
Fresh & Clean Milk
Functional
Emotional
Assurance for families’health
TRUE HAPPINESS Leading
in fresh &
clean milk in
Vietnamese market
Authenticity
Integrity
Caring
Modern
Biggest
centralized dairy farm with Hi-tech
applicationsin Asia
Insight
Target
Benefits
Values, Beliefs& Personality
Reason toBelieve
Discriminator
CompetitiveEnvironment
RootStrengths
Since 1975, deep understanding human slumbers
Stable environment, not new competitors. Kimdanis leading
Modern women got married or prepare to do, 25-45
High income & education, always updates new trend
A great & deep slumber started
from the balance of the body
in sleeping posture, so a mattress that
keeps the balance of my body to bring most comfortable while slumbering
lift and always keep the
spine upright
Functional
Emotional
FRESH
YOUR
LIVING“Smart” mattress
Innovative
Caring
Modern
100% made
from natural
rubber with Hi-tech
comfortable
to keep
balance
when sleeping
of the body
Insight
Target
Benefits
Values, Beliefs& Personality
Reason toBelieve
Discriminator
CompetitiveEnvironment
RootStrengths
As a Brand of Unilever –A leading company in the world in FMCG
Cheap Price Brand -compete directly
with Tide
Household wives22 – 45, ruralLow or Average income
There’s something about brightwhite clothes that triggers the
confidence within you to take on the day's challenges and perform to
the best of your abilities.
White & brighten effectiveness
Functional
Emotional
TRIGGER YOUR
CONFIDENCE Not only white but
Innovative
Caring
Friendly
Specialwhiten helps decrease yellowish
Confident
only within the 1st washing
color, compounds
enhance the brightens
also Brighten
BRAND EXTENSION
Brand extension is an action that the company use the existing brand to introduce new products with new brands.- Increase awareness of the new brand name.- Inherit the reputation of the parent brand.
- Increase profit by add more profit, feature in the existing product.- Reach the new segments.
When the new brand is combined with an existing brand, the extended brand is called sub-brand and the existing brand is called parent brand.
SUB-BRANDPARENT BRAND
2 TYPES
When the parent brand is used to establish a new product that target different segment but still within the category of the parent brand.The line extension often add new flavors, ingredients or forms, size..
LINE EXTENSION
CATEGORY EXTENSION
When the parent brand is used to establish new products in a new product category.
CSD SPORT DRINK
Extended Brand Key/Positioning means expansion of Brand
Key/Positioning – occurs when the brand extends
Insight
Target
Benefits
Values, Beliefs& Personality
Reason toBelieve
Discriminator
CompetitiveEnvironment
RootStrengths
Dove is a specialized brand of bath products , skin whitening and skin-friendly
Soap leave my skin feeling dry and tight
Won’t dry skin like soap can, skin soft and smooth
Functional
Emotional
RESTORING FEMINITY
Feminity
Caring
Honesty
Contains of 1/4 moisturizing cream
More feminine
Recomment
Dove bridges soap and skincare Competes directly with premium soaps such as Lux, Pears, Cam
Women 35 – 50, who begin to feel the effects of dry skinCaring yourself beauty
Optimism
by doctors
Dove don’tdry my skinlike soapcan
because itcontains of ¼ moisturizingcream
Dove brand’s heritage is based on moisturisationcomes from US, deep understanding about women
“The pressure to be beautiful feeds our tendency to focus on the negative, making beauty an unnecessary source of anxiety
Tangibly improve the condition of skin or hair
Functional
Emotional
INSPIREREAL
BEAUTY
Innovative
Caring
Modern
title " Expert “by the ability of
the comprehensive
care product named Dove
Confident
Tough and stronglyCompetitive environment but Dove is leading brands in almolst the skin and hair care
Women 18 – 50Caring yourself beauty
Optimism
Real care
1957: The Dove brand started its life in 1957 in the US, with the revolutionary new beauty cleansing Bar.
1995: Dove bring womennew experiences by expand its product line into the milk bath products , hair care , deodorant , cleanser and body moisturizer