Visionary Research, Inc.

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Wednesday, January 6, 2010

Segmentation Methods

Segmentation models and schematics have several principle uses, usually addressing most if not all of the research objectives listed here:

  • Identification and sizing of differentiated groups in the marketplace
  • Identification of market structures that can be leveraged in the optimization of product and service offerings by targeting unmet needs and associated attitudes
  • Identification of key messages that will resonate with various market segments
  • Identification of primary vehicles for communications
  • Screening of prospects so as to optimize the consideration and selling process

When planning a segmentation study, the first consideration is which approach best addresses your business planning context:
  • a priori based on an established world view
  • derived  based on needs and attitudes as well as usage, purchase plans, etc.
Common segmentation measurements, usually taken in a survey of customers and prespective customers:

  • Satisfaction with what is available today, overall and at the feature, attribute, or benefit level
  • Importance of attributes, features, or benefits
  • The likelihood of taking action, via consideration &/or purchase in the near term
  • Frequency of action
  • Volume/sizes involved
  • Desirability of options available or prospectively specified
  • Agreement with various attitudinal statements
  • Agreement with various brand statements

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