Full Project – THE EFFECT OF MARKET SEGMENTATION AND POSITIONING OF COMPANY PERFORMANCE

Full Project – THE EFFECT OF MARKET SEGMENTATION AND POSITIONING OF COMPANY PERFORMANCE

Click here to Get this Complete Project Chapter 1-5

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF THE STUDY

The subject matter of market segmentation is the strategy that involves dividing a large market into subsets of consumer and service offered in the market.  These sub-groups of consumers can be identified by a number of different demographics depending on the purpose behind identifying the groups.  Marketing campaign are often designed and implemented based on these types of consumer segmentation.  One of the main reasons for engaging in market segmentation is to help the company understand the needs of the customer base.  Often the task is segregating consumer by specific criteria will help the company identify other application for their products that may or may not have been self-evident before.  Uncovering these other ideas for use of goods and services may help the company target a large audience in that same demographic classification and thus increase “Market share” among a specific sub-market base.

Market segmentation according to Schiffman et al (2007:44), is the process of dividing a market into distinct subsets of consumers with common needs or characteristics and selecting one or more segments to target with a distinct marketing mix.  “Selected textbook publishing companies in Enugu” who are faced with the problem of providing adequate number of high quality book, unqualified author publisher, poor production and lack of capital are all evident.  The strategy of segment allows producers to avoid head on competition in the market place by differentiating their offerings, not only on the basis of price but also through styling, packaging, promotional appeal, method of distribution and superior service.

In reality, the marketing concepts advice that, we should establish users or buyer needs, and determine if how and what extent it may be possible to satisfy these given ones existing and potential resources to the mutual bandit both parties to the exchange.

Market segmentation according to Edoga P. N. (2008:88) is the process of dividing the total market into several relatively homogeneous groups with similar product interests.  This process requires marketer to identify factors that affect purchasing decisions, so that the consumer can be group accordingly.  Marketing mixes are then adjusted to meet the needs of each target segment. Market segmentation by grouping together customer with similar needs, provides a commercially viable method of serving these customer. It is therefore  at the heart of strategic marketing since it form the basis by which marketers understand their markets and develop strategies for serving their chosen customer better than the competitors.

A market segment on the other hand is a group of individuals, groups or organization who share one or more similar characteristics that cause them to have relatively product needs.   Beyond identifying segments in the market, management must carefully consider both the strengths and the weaknesses of competitors when developing marketing strategy.  This is to aid the product-positioning task.  Market segmentation by defending the market target that management intends the firm to penetrate it establishes the segment at which the firm intends to focus its marketing efforts. Market segmentation and positioning will enable a firm to select a target from which it has a competitive advantage, so that a lasting market position, one of solid market strength can be established.

Marketing perform two basic tasks in meeting the exchange objectives.  Firstly, they design and implement marketing strategies to meet those target market objectives.  A target market is a chosen segment of market which a company has decided to serve.  As customers in the target market have similar characteristics, a single marketing mix strategy can be developed to match those requirements.  Creation segmentation may result in identification of new segments that have not been served adequately hitherto any may form attractive target market to attack.

Marketing strategies or action plan for accomplishing objectives, then are thought in terms of particular markets.   In the segmentation of textbooks publishing companies in Enugu are based upon the position that:

i)             Consumers are different.

ii)           Differences in consumers are related to differences in the market demand and buying motives.

iii)          Segmentation of consumers can be possible because segments of consumers can be isolated with the overall market.

iv)         Market target segments has sufficient demand potential to justify selection as a market target.

The benefits of market segmentation and positioning are numerous and include:

1.   Tailored Marketing Mix: Market segmentation allows the grouping of customers based upon similarities (eg. Benefits through sought) that are important when designing marketing strategies.  Consequently, this allows marketers to understand in-depth the requirements of segments and tailors a marketing mix package that meets their needs.  This is a fundamental step in the implementation of the marketing concept: segmentation promotes the motives of customer’s satisfaction by viewing markets as diverse sets of needs which must be understood and met by supplies.

2.   Differentiation: Market segmentation allows the development of differential marketing strategies by breaking a market into its constituents sub-segments (if chosen to target more than one segment) and within each segment it can differentiate its offering from the competition a company is giving the customer a reason to buy from them rather than the competition.

3.   Opportunities and Threats: Market segmentation is useful attempting to spot opportunities and threats market are rarely static.  As customers become more affluent, seek new experience and develop new value new segments emerge.  The management is better able to access competitive strength weakness of greatest importance.

4.   The Positioning idea must be clear in terms of both target market and differential advantage.

5.   Consistency: People are bombarded with message daily to break this through this noise, a consistent message is required.

6.   Credibility: The differential advantage that is chosen must be credible in the minds of the target customer.

7.   Competitiveness: The differential advantage should have  competitive edge. It should offer something of value to the customer which the competition failing to supply.

1.2    STATEMENT OF PROBLEM

Generally, a great number of problems confront the application of market segmentation and positioning.   To describe market segmentation does not seem different but to put the description into practice is not easy.   Some of the problems however are particular about market segmentation and positioning in textbook publishing firms.   Some of these problems are stated in the work with the purpose of finding solution to them.

1)           The inability of the firm to classify their customers group according to the uniqueness in purchases.

2)           The segmentation and positioning is based on subject rather than based on customers/consumers and their needs.

3)           Inadequate transportation facilities for sales men whom their jobs require traveling from one place or customer to another.

4)           Inadequate sales training and education.   There is simply not enough training for old and new employed salesmen hence; they lack knowledge and concept of market segmentation.

5)           Inability to carryout marketing survey and research.   There is no provision to know how effective their strategy is and how customers responded to their offerings.   The inability to carry out market research to know the extent of homogeneity and heterogeneity of their customers also pose problems to the organization.

1.3    OBJECTIVES OF THE STUDY

Like the marketing philosophy pointed out, every marketing oriented firm or organization has the primary duty of not only making sales for the company but for the identification of customers need and planning to satisfy these customers’ needs at a profit to the firm.         For the purpose of this work, it is therefore very important to review the strategy and offerings of organization with a view to finding how effective such strategy and offering are meeting the objectives of the organization that is applying them.  It is the light of this that this work outlines the following:-

i)             To know what market segmentation and positioning is all about as it involves the companies under study.

ii)           To know if actually the companies or organization actually applies market segmentation and positioning in the sales of its product.

iii)          Also, to know how the company’s sales is structured.  This could be geographically, regionally or customer structured and if it can determine or know its target customers.

iv)         The other objective of this study is also to know the method or strategy the companies actually use in performing its functions.

v)           Also, the effectiveness of market segmentation and positioning strategies is achieving the firm’s goals as well as host of others.

1.4 RESEARCH QUESTIONS / HYPOTHESIS

For the purpose of this study, the following questions will be asked:-

1)           What categories of customer do the firm sales to?

2)           How do the firms structure its sales force.

3)           How do the firms distribute its products?

4)           Do firms use market segmentation and positioning in achieving its sales objective?

For the purpose of this work, the following research hypothesis are formulated and need adequate attention hence, they will be subject to test of reliability and authority.

H0i:    The firm does not use market segmentation and positioning to achieve greater part of her objectives.

H0i:    The firm use market segmentation and positioning to achieve greater part of her objectives.

H02:   The firm marketing operations are not regionally structured.

H02:   The firm marketing operations regionally structured.

1.5      SIGNIFICANCE OF THE STUDY

 

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for international clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

  1. Accounting Research Project
  2. Adult Education
  3. Agricultural Science
  4. Banking & Finance
  5. Biblical Theology & CRS
  6. Biblical Theology and CRS
  7. Biology Education
  8. Business Administration
  9. Computer Engineering Project
  10. Computer Science 2
  11. Criminology Research Project
  12. Early Childhood Education
  13. Economic Education
  14. Education Research Project
  15. Educational Administration and Planning Research Project
  16. English
  17. English Education
  18. Entrepreneurship
  19. Environmental Sciences Research Project
  20. Guidance and Counselling Research Project
  21. History Education
  22. Human Kinetics and Health Education
  23. Management
  24. Maritime and Transportation
  25. Marketing
  26. Marketing Research Project 2
  27. Mass Communication
  28. Mathematics Education
  29. Medical Biochemistry Project
  30. Organizational Behaviour

32    Other Projects pdf doc

  1. Political Science
  2. Psychology
  3. Public Administration
  4. Public Health Research Project
  5. More Research Project
  6. Transportation Management
  7. Nursing

Education

 

 

 

Full Project – THE EFFECT OF MARKET SEGMENTATION AND POSITIONING OF COMPANY PERFORMANCE

Click here to Get The Complete Research Project Chapter 1-5


RESEARCH PROJECT CONTENTS
CHAPTER ONE - INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research Hypotheses
1.5 Significance of the study
1.6 Scope and limitation of the study
1.7 Definition of terms
1.8 Organization of the study
CHAPETR TWO – LITERATURE REVIEW
2.1. Introduction
2.2. Conceptual Framework
2.3. Theoretical Framework
2.4 Empirical Review
CHAPETR THREE - RESEARCH METHODOLOGY
3.1 Research Design
3.2 Study Area
3.3 Population of the Study
3.4 Sample Size and Sampling Technique
3.5 Instrument for Data Collection
3.6 Validity of the Instrument
3.7 Reliability of the Instrument
3.8 Method of Data Collection
3.9 Method of Data Analysis
3.9 Method of Data Analysis
3.10 Ethical Considerations
CHAPTER FOUR - DATA PRESENTATION AND ANALYSIS
4.1. Introduction
4.2 Demographic Profiles of Respondents
4.2 Research Questions
4.3. Testing of Research Hypothesis
4.4 Discussion of Findings
CHAPTER FIVE – SUMMARY, CONCLUSION & RECOMMENDATIONS
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
REFERENCES
APPENDIX


Frequently Asked Questions | PenViewWriting.com

Frequently Asked Questions

How do I get my choice complete project on any topic?
To get your choice of complete project on any topic, simply click on the Download button above. Once you do that, follow the simple procedure stated on the page to complete the process. The steps are easy and straightforward, ensuring you can quickly access the full project without stress. You may be required to provide some basic details or confirm your selection before the download begins. After completing the procedure, the project will be available for you to save on your device. This method guarantees you receive the exact project topic you want in a complete, ready-to-use format.
I have a fresh topic that is not on your website. How do I go about it?
If you have a fresh topic that is not listed on our website, don’t worry—you can still get a complete and well-prepared research project. All you need to do is chat with us directly on WhatsApp or contact our Instant Help Desk. Once you share the details of your topic, our team of experts will guide you through the process and provide a custom-written research project tailored specifically to your requirements. This ensures that even if your topic is new, unique, or uncommon, you will still receive a high-quality, original project that meets your academic needs.
How fast can I get this complete project on any project topic?
You can get your complete project very quickly, depending on your needs. If you want this exact project topic without any adjustments or modifications, it will be ready for you to download within 15 minutes. The process is fast, simple, and convenient, ensuring you don’t waste time waiting. However, if you require some changes, customization, or a fresh project written from scratch, the delivery time may take a little longer, depending on the scope of work involved. Either way, we are committed to ensuring you get your complete project promptly to meet your academic deadlines.
Is it a complete research project or just materials?
It is a Complete Research Project, not just research materials or excerpts. This means you will receive everything you need in a standard academic project format. Specifically, the package includes Chapters 1 to 5, a well-written Abstract, a detailed Table of Contents, complete References, and where applicable, Questionnaires or Secondary Data. Each section is carefully structured to meet academic requirements, making it suitable for submission or further customization. So, when you download, you’re not just getting scattered notes but a fully developed research project that is ready for use, study, or adaptation to your specific academic needs.
What if I want to change the case study for this topic?
If you would like to change the case study for this topic, it’s very easy. Simply chat with our Instant Help Desk now via +234 708 7083 227, and you will get an immediate response. Our team will assist you in modifying the project to reflect the new case study of your choice. This ensures the content remains relevant and tailored to your academic requirements. Whether you want to switch to a different organization, location, or sample population, our experts will make the necessary adjustments promptly, so you still receive a complete and well-structured research project without any hassle.
How will I get my complete project?
Your Complete Project Material will be delivered directly to your email address for easy access and use. The file will be sent in Microsoft Word document format (MS Word), which allows you to easily read, edit, and customize the content to suit your specific requirements. This format is widely accepted for academic work and ensures you can make adjustments such as changing the case study, updating references, or adding personal inputs if needed. Once the project is sent, you can download it to your device immediately and begin working with it without any extra steps or complications.
Can I get my Complete Project through WhatsApp?
Yes! You can also receive your Complete Research Project directly through your WhatsApp number for convenience. Once your project is ready, we can send the full material in MS Word format straight to your WhatsApp, making it quick and easy for you to download and access on your phone or computer. This option is especially helpful if you prefer instant delivery, faster communication, or easier access on mobile devices. Whether through email or WhatsApp, you will still get the same complete project—including all chapters, abstract, references, and questionnaires where applicable—delivered securely and without delay.
What if my Project Supervisor made some changes to a topic I picked from your website?
If your project supervisor has made some changes to the topic you picked from our website, there is no need to worry. Simply call our Instant Help Desk now on +234 708 7083 227, and you will get an immediate response. Our team will assist you in adjusting the project to reflect your supervisor’s corrections or modifications. Whether it involves rephrasing the topic, changing the case study, or adding specific requirements, we will make the necessary updates quickly. This ensures your project aligns perfectly with your supervisor’s expectations while still maintaining a complete, high-quality research structure.
Do you assist students with Assignment and Project Proposal?
Yes! We also assist students with Assignments and Project Proposals in addition to complete research projects. If you need help with writing, structuring, or editing your proposal or assignment, our team is ready to guide you and provide the necessary materials. Simply call our Instant Help Desk now on +234 708 7083 227, and you will be attended to immediately. We provide professional support to ensure your work meets academic standards, whether it’s a proposal for approval, a class assignment, or a full project. This way, you can save time, reduce stress, and achieve excellent results.
What if I do not have any project topic idea at all?
Smiles! 😊 We’ve totally got you covered if you don’t have any project topic idea at all. Our team specializes in helping students brainstorm and select suitable topics that align with their field of study, interests, and academic requirements. All you need to do is chat with us on WhatsApp now via +234 708 7083 227 to get instant help. We will provide you with a list of well-researched, relevant, and trending project topics to choose from. Once you make your choice, we’ll guide you through the next steps, ensuring you get a complete project tailored just for you.
How can I trust this site?
You can trust this site because we are genuine and duly registered with the Corporate Affairs Commission (CAC), which gives you confidence that we are a recognized and legitimate business. In addition, our platform is protected with Secure Sockets Layer (SSL) encryption, meaning all your personal details, communications, and financial transactions are highly secure and safe from unauthorized access. Over the years, we have successfully assisted thousands of students with research projects, proposals, and assignments, building a solid track record of reliability. With these measures in place, you can be assured of our credibility, professionalism, and commitment to your academic success.
Customer Testimonials | Https://researchprojecttopics.com.ng

Our Customers are Happy

Ademola A.

★★★★★

I was skeptical at first, but after placing my order, my full project arrived in my email in under 15 minutes! The process was smooth, clear, and professional. Truly amazing service!

Kwabena K.

★★★★★

I needed a custom project on a new topic. researchprojecttopics.com.ng delivered within 3 days, and the quality was outstanding. They even guided me on how to defend it. Highly recommend!

Michael H.

★★★★★

Fast, reliable, and very professional. My research project was delivered on time, with no hidden charges. The team is trustworthy and supportive.

Fatou B.

★★★★★

I got my full project in minutes and my custom request within 3 days. Their communication is clear, and the material is top-notch. Excellent experience!

James O.

★★★★★

https://researchprojecttopics.com.ng is a lifesaver! My project was delivered exactly as requested. The team is friendly, professional, and highly responsive. Very satisfied!

Ngozi E.

★★★★★

I was worried about paying online, but the team reassured me and delivered my complete project instantly. Transparent and professional service!

Ama S.

★★★★★

I requested a custom topic project and received it in just 3 days. The guidance and quality were excellent. I recommend Https://researchprojecttopics.com.ng to everyone!

Sarah W.

★★★★★

The service is dependable and efficient. My project arrived on time, and every step was transparent. Truly a professional service I trust.

Emmanuel T.

★★★★★

Fast and reliable. My full project was delivered in minutes, and the custom project in 3 days. Communication was excellent throughout.

Aisha N.

★★★★★

Extremely satisfied with the service. My project was delivered promptly, fully transparent, and of high quality. A trustworthy academic partner!