Open AccessApproaches for Generating and Evaluating Product Positioning Strategy
Author(s) -
Oghojafor Ben Akpoyomare,
Ladipo Patrick Kunle Adeosun,
Rahim Ajao Ganiyu
Publication year - 2013
Publication title -
international journal of business administration
Language(s) - English
Resource type - Journals
eISSN - 1923-4015
pISSN - 1923-4007
DOI - 10.5430/ijba.v4n1p46
Subject(s) - marketing , product (mathematics) , relevance (law) , business , control (management) , perception , competitive advantage , marketing strategy , new product development , computer science , process management , geometry , mathematics , artificial intelligence , neuroscience , political science , law , biology
Product positioning has been an important part of marketing since companies began to recognize the relevance of having control over their image. It is also a way of influencing consumer perception and purchase decisions as well as to satisfy corporate sales objectives. Developing an appropriate ‘product positioning strategy’ is usually influenced by such factors as the competitive marketplace, specific corporate goals, and organizational strengths. Once established, it has typically become a posture that influence and direct marketing communications. This paper investigates the approaches for generating and evaluating product positioning strategy, using descriptive research approach. The paper concludes that positioning is applicable to products in the broadest sense. However, Institutions, Organizations or even Countries can benefit from a well developed positioning strategy that focuses on a niche that is unoccupied in the mind of the consumer