* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Lesson 4.5 - Slides
Survey
Document related concepts
Transcript
Lesson 4.5 – Positioning Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Fixing company products in the Minds of Consumers All about “perception” Relative to competitor products Copyright Positioning: The fixing your sports or entertainment entity in the minds of consumers in the target market © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Positioning is important to all sports and entertainment products Sports leagues (NFL vs. Arena Football League) Sports teams (The Los Angeles Lakers in the 1980’s as “Showtime”) Sporting goods (Under Armour as comfortable performance apparel) Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Positioning is important to all sports and entertainment products Sports drinks (Gatorade as a performance beverage) Movie studios (Pixar as a leader in animated films) Entertainers (Sylvester Stallone, Arnold Schwarzenegger and Bruce Willis and as iconic action film stars) Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Positioning is important to all sports and entertainment products Entertainment products (DVD vs. Blu-Ray) Facilities and venues (Premium seating vs. general seating) Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Positioning is About Perception Nintendo effectively positioned Wii as more userfriendly and interactive than its competitors (Xbox, Playstation 3) and has been perceived as not only the “in” product by consumers but also a healthier alternative to traditional video games from a fitness perspective Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Positioning is About Perception Overall worldwide sales of video game consoles in as of April 2010: Nintendo Wii 71 million Microsoft X-Box 360 40 million Sony Playstation 3 36 million Copyright © 2008 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning As of May 2010, Nintendo sold 1.1 million copies of the game Wii Sports Resort worldwide, helped in large part by bundling it with a new “MotionPlus” accessory (designed to improve the precision of the interactive controllers) while the American Heart Association (AHA) endorsed the Wii to encourage sedentary people to take the first step toward fitness (the AHA heart logo adorns the console itself along with two of its more active games, Wii Fit Plus and Wii Sports Resort Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Wheaties cereal has positioned itself as a brand affiliated with athletic performance and its slogan, “the breakfast of champions”, has remained since the brand’s introduction in 1924 Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning With sales declining (the NY Times reported market share had slipped by nearly 14% in 2009), General Mills (parent company of the Wheaties brand) introduced a new spin off product aimed to take advantage of consumer perceptions of the Wheaties brand. General Mills developed three formulations of the cereal (dubbed Wheaties Fuel) with the help of a sports nutritionist and five world class athletes: the NFL's Peyton Manning, the NBA's Kevin Garnett, gold medal-winning decathlete Bryan Clay, the MLB's Albert Pujols, and triathlete Hunter Kemper. Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 High (variable one) Positioning Map: Product B Product A High (variable two) Low (variable two) Product D Products or services are grouped together on a positioning map where they are compared and contrasted in relation to one another Product C Low (variable one) http://www.marketingteacher.com/Lessons/lesson_positioning.htm Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Under Armour, maker of sports performance apparel, introduced a new product (a two piece body “suit”) to consumers in the summer of 2009; a product that Under Armour has positioned as a unique product (dubbed “recovery wear”) not being offered by competitors Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Discussion How might a sports and entertainment marketing company utilize a positioning map to help determine a ticket sales strategy? Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Ticket Sales Positioning Map High Price Luxury suite at an NFL game Lower level seats for Disney on Ice Client Entertaining Family Fun Club seats at an NBA game “Cheap Seats” at a minor league baseball game Night at the movies Low Price Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 High Price Courtside Seats Lower Level End Zones Lower Level Seats Upper Level Seats Mid/Upper Level Sidelines Top Row Corners Low Price Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Strategy Identify all possible competitive advantages 1) Products, services, channels, people or image can be sources of differentiation 2) Organizations often position their products relative to competitor Weaknesses (5-hour energy) Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Strategy Choose the right competitive advantage 1) How many differences to promote? 2) Unique selling proposition (5-hour energy) Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning 5-hour Energy Drink focuses on its small packaging size and claims to provide a long lasting energy boost without the “usual jitters associated with energy drinks.” These purported features are intended to provide the competitive advantage necessary for distinguishing this energy drink from the many competitors on the market. Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning Strategy Positioning errors to avoid 1) Which differences to promote? 2) Are the differences legitimate? Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Positioning VitaminWater advertises a certain healthy advantage to drinking their products. In 2009, Coca-Cola (parent company of the Vitamin Water brand) was sued by the Center for Science in the Public Interest over alleged deceptive marketing practices. Those practices include using buzzwords like “triple antioxidants” on the product’s packaging. Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Product Differentiation Product Differentiation: Consider the PowerBar energy bar introductory strategy for differentiating its product Copyright Refers to a positioning strategy that some firms use to distinguish their products from those of competitors © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Power Bar has enjoyed success because it has clearly differentiated its product from traditional candy bars It has positioned itself in the minds of consumers as a nutritional supplement that enhances athletic performance and as an energy booster At the time of PowerBar’s introduction to the market, carbo-loading meals were common and popular practice among athletes. PowerBar’s success has influenced a shift in that trend. Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Re-Positioning A private golf course may be suffering slumping membership sales. Management may choose to open up the course to the public, which will ultimately require a well planned re-positioning strategy Copyright Re-Positioning: A marketer’s plan for changing consumers’ perceptions of a brand in comparison to competing brands © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Re-Positioning Re-positioning involves identifying who the new target market is and a strategy for creating awareness and demand within that market Part of the re-positioning effort in this case would require sending a message to the target market that the club is affordable by public standards Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Re-Positioning Slogan might be “Enjoy the benefits of a private club at public course rates!” Copyright © 2010 by Sports Career Consulting, LLC Marketing Applications LESSON 4.5 Blank Slide Available for Teacher Edits Copyright © 2010 by Sports Career Consulting, LLC LESSON 4.5 REVIEW (ANSWERS) Marketing Applications 1) Illustrate the concept of positioning Positioning is the fixing of a sports or entertainment entity in the minds of consumers in the target market Copyright © 2010 by Sports Career Consulting, LLC