Referring back to your learning of Porter on competitive strategy evaluate why Segmentation and Targeting are crucial to effectively delivering the firm’s value proposition.
Evaluate the value and shortcomings of various customer segmentation tools such as demographic segmentation, psychographic analysis, perceptual maps, etc., to get deep into the “thinking” of customers. What are the likely consequences if a firm does an inappropriate /inadequate job of segmenting, targeting, and positioning itself in the mind of the customer?
In the attached documents you are given a few research points on pet ownership.
Research on Market Segmentation for Premium Dog Food.docx
1) Classify the various research points based on the segmentation method
2) Use this data to create a consumer archetype of a target segment for selling Premium Dog Food.