Multi Variant Analysis: Perceptual Mapping
Multi Variant Analysis: Perceptual Mapping
Perceptual Mapping
Abhishek Shukla
4/15/12
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Perceptual Mapping
Perceptual map is a statistical tool which is used to find the position of any product or company in the market. Perceptual positioning map is a way to show how a market perceives a product against competing products We compare different attributes of our products as well as competitors products on two or more than two dimensions It gives us current position of our product and its potential in the face of competition. It can be used for existing product as well as new 22 4/15/12 product.
Positioning Analysis
To position products in market, managers must understand how target customers perceive products in a category and how they view our product relative to competitive product. To understand the competitive markets managers must ask these questions: How do our customers (current or potential) view our brand? Which brands do those customers perceive to be our closest competitors?
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Positioning Analysis
Once managers have answers to these questions, they can assess how well or poorly their Products are positioned in the market ,and identify the critical elements to differentiate their offerings from those of competitive offerings:
Are the brands in the market strongly or weakly differentiated? What should we do to get our target customer to perceive our product as different? Based on customer perceptions, which target segments are most attractive? How 4/15/12 should we position our new product? 55
Gives us exact position of our product. Gives us pictorial graph so very easy to understand. It can be used for two or more than two dimensions and can measure n number of attributes. It can be used for existing as well as new product.
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Thank You
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