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Segmentation Targeting Positioning 1

Segmentation-Targeting-Positioning

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Title: Segmentation-Targeting-Positioning

Essay Details:

Subject: Business

Author: Randy M

Date: October 1, 2015

Level: University

Grade: A

Length: 11 / 3032

Essay text:

Leading authors like Kotler present the organization as a value creation and delivery sequence. In its first phase, choosing the value, the strategist "proceeds to segment the market, select the appropriate market target, and develop the offer's value positioning. The formula - segmentation, targeting, positioning (STP) - is the essence of strategic marketing." (Kotler, 1994, p. 93). Market segmentation is an adaptive strategy. It consists of the partition of the market with the purpose of selecting one or more market segments which the organization can target through the development of specific marketing mixes that adapt to particular market needs...

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