Segmentation, Targeting and Positioning in Strategic Marketing

Overview

What you will study

The use of the segmentation, targeting and positioning (STP) model represents a shift away from the traditional marketing model that focused on product differentiation to a deeper awareness of the consumptive behaviour of consumers. Market segmentation involves identifying the various potential target audiences for a company's product or brand. There are many ways to segment a market including segmentation according to age, gender, purchasing habits or hobbies. Market targeting involves directing and crafting a company's product or brand to a particular audience. Product positioning involves the distribution and promotion of the product to the chosen segment. This Segmentation, Targeting and Positioning in Strategic Marketing course offered by CQUniversity Australia will explore this subject.