Focus on positioning, gap analysis, and positioning statements.
Core theme: differentiation in branding and marketing; standing out.
Positioning helps define how a brand stands out from competitors.
Use insights from SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to inform positioning.
Gap analysis can identify market opportunities.
Positioning statement template structure:
For [target audience], [brand name] is the [frame of reference] that [key benefit].
Example: For luxury seekers, Rolex is the ultimate luxury watch that signifies prestige.
Strategy preparation follows thorough research, both primary and secondary.
Continuous research is necessary to refine and support strategies.
Key responsibility in strategy department; ensures alignment of research and branding.
Account planner leads the strategic effort to understand the target audience and position the brand effectively.
Central to all discussions on positioning.
Companies must communicate what makes them different in both short and long-term contexts.
Example: Water brands must create unique identities beyond basic hydration qualities.
The positioning is often compared to a chessboard—strategically placing the brand in a competitive landscape.
Use a gap analysis diagram to visualize market spaces (e.g., sporty/luxury, economic/family-friendly).
Example brands related to positioning:
Sporty luxury: Porsche
Family-friendly economy: Honda
Positioning isn’t a novel concept but an organized way to understand consumer perceptions.
Help consumers navigate options based on their past experiences and current trends.
Example: Nike's branding as high performance and a lifestyle choice.
Highlight the unique benefits that address market gaps.
Importance of being concise yet impactful to resonate with the target audience.
Examples of positioning statements from various brands discussed in class:
Carhartt: For hard workers who value quality and reliability, Carhartt is the workwear brand that offers durability.
Tenzing: For people ready to conquer each day, Tenzing is the premium natural energy drink that boosts energy.
Marist: For students looking for education and job opportunities in New York City, Marist is the university that provides city opportunities with a traditional campus experience.
Nike: For athletes, Nike is the leading high-performance wear that empowers your game.
Positioning facilitates consumer recognition and helps brands effectively communicate their identity.
Reinforcing differentiation through research and strategic analysis leads to successful brand positioning.