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Services Insight Identity Innovation
>> Segmentation and Market Planning
 Insight services
>> Marketing Effectiveness Audit
>> Market and Competitive Assessment
>> Segmentation and Market Planning

 

Market segmentation recognizes that most companies have limited resources, and therefore need to explicitly identify and deliver on target-specific requirements.

Quantifying a customer segmentation framework gives companies a clear understanding of the most attractive market segments, including their size, profitability, and growth potential. From this, resources can be better aligned to meet customer needs, both today and in the future.

Key issues addressed:

What is the overall segmentation framework for the category? On what basis -- attitudes, behaviors, or demographics -- do customer groups align?
Which are the most attractive targets for the brand, in terms of market size, profitability, brand-fit and long-term attractiveness?
What drives purchase and decision making? What attributes and benefits are most important to the selected target customer?
Should current offerings be realigned or new offerings introduced to better meet the needs of the target?

Approach and anticipated results:

A situation assessment is performed, including management interviews and a review of prior research and plans. In-depth exploratory research follows, to identify the full set of perceptions, opinions, beliefs and attitudes regarding the category. An in-depth questionnaire is then developed and fielded, with statistical analysis used to determine the optimal segmentation solution as a key input to strategic decision making.