Elements and Performance Criteria
- Segment the market
- Criteria to use insegmenting the market are identified in accordance with the marketing/media plan.
- Sources of information for segmenting and profiling markets are identified and accessed in accordance with the marketing/media plan.
- The market is segmented in accordance with the selected criteria.
- Market segments are reviewed for their usefulness in terms of size, potential, distinctive needs, easy identification of members, and/or distinctive media use patterns.
- Market segment/s are selected to meet the requirements of the marketing/media plan.
- Identify the target market
- Approaches to determining and describing the total market are evaluated and chosen.
- The target market is defined in terms of the stakeholders to be included as prospective users of a product or service, and in terms of the selected market segment/s.
- Descriptions of the target market use segment descriptors.
- Available strategic options are identified and the targeting strategy that best meets the requirements of the marketing/media plan is selected.
- Profile target audience
- The total market and the selected market segment/s are described in the form of a stakeholder profile.
- Demographic and /or psychographic descriptions are used in the stakeholder profile in accordance with the requirements of the marketing/media plan.
- The profile meets organisational requirements in terms of language, format, content and level of detail.
- Develop a positioning strategy