Strategic Planning with the Product and Marketing Positioning Framework

Product and Marketing Positioning is a technique that enables better strategic planning in business.

Positioning is the process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization. It is the 'relative competitive comparison' their product occupies in a given market as perceived by the target market.

There are three main types of positioning:

• Functional positions: about solving problems, providing benefits to customers, and gaining favorable impression from investo$
• Symbolic positions: self-image, social meaning
• Eperiential positions: sensory or cognitive stimulation

The process of developing a position consists of:

• Defining the market in which the product or brand will compete (who the relevant buyers are)
• Identifying the attributes (also called dimensions) that define the product 'space'
• Collecting information from a sample of customers about their perceptions of each product on the relevant attributes
• Determine each product's share of mind
• Determine each product's current location in the product space
• Determine the target market's preferred combination of attributes (referred to as an ideal vector)
• Examine the fit between the position of your product and the position of the ideal vector
• Position.

Other Strategic Planning Frameworks

4P's Marketing Mix - Seven S (7S) Management Framework - AIDA - Attention, Interest, Desire, Action - Buying Process - Ansoff's Matrix - Product-Market Growth Matrix - Expansion Strategy - BCG Growth-Share Matrix - Bass Diffusion Model - Product Adoption and Innovation - Blue Ocean Strategy - Choice Model for Decision-Making Behavior - Competitive Advantage - Core Competence - Collective Learning in the Organization - Cost-Benefit Analysis - Delta Model - ERG (Existence, Relatedness, Growth) Theory of Motivation - Experience Curve - Framing Effect on Psychology and Marketing - GE (McKinsey) Matrix - Growth Phases - Predicting Industry Evolution and Change - OODA Loop - Observe, Orient, Decide, Act - PDCA (Plan, Do, Check, Act) - The Deming Cycle - PEST Analysis - Political, Economical, Social, Technological, Environmental, and Legal Factors - Perceptual Mapping - Brand Marketing - Porter's Five Forces - Product and Marketing Positioning - Product Lifecycle (Industry Lifecycle) - Root Cause Analysis - SWOT Analysis - Strengths, Weaknesses, Opportunties, Threats - Technology Adoption Curve - Value Chain -