Marketing segmentation refers to the process of dividing a
market into several kinds of segments in accordance with different
characteristics. Several kinds of segmentation include demographic
segmentation, geographic segmentation, behavioral segmentation, and
psycho graphic segmentation. The selected group of customers regarding a
particular service or product of a company is known as the target market for
that market (Dolnicar and Leisch 2017). In other words,
segmentation and targeted market represent the group of consumer whom the
company will serve on a priority basis. There are a number of bases for
segmentation as demographic, geographic, and behavioral characteristics of
customers or consumer.
In accordance with the market research conducted on Kill-
Capture (a famous US brand of the fashion industry), we can conclude that the
target market is selected on the basis of demographic and geographical
characteristics. Considering demo graphical segmentation, selected population
was sub-divided into gender, age, social status, and economic status related
categories to select the best segment as the targeted market (Dolnicar and
Leisch 2017).
At first, following geographical segmentation Kill Capture brand targeted the
US market. Kill Capture mainly serve geographical areas of the United States. Case
study analysis present information about demographic segmentation of Kill
Capture brand. In accordance with the case study, demo graphical characteristics
of the targeted market include age patterns and employment status as the brand
mainly targets 30 to 40-year-old veterans and uniformed service personnel.
Discussing these characteristics in detail, we can conclude
that the brand provides jackets and other products for FBI, Firefighters, and
Police. Kill Capture works in the fashion industry that is now implementing an
expansion strategy in its product line by introducing streamlined and
lightweight jackets for men and social forces. Pathfinder special jacket is 10
times stronger than other jackets available in the local market (Dolnicar and
Leisch 2017).
US military, firefighter, and police work in uncertain and challenging
situations. Jumping from hurdles, running, and dealing with fire require
stronger and safer jackets for them. Considering their need, Kill Capture will
target these men and social forces to sell out its new jacket introduced as
Pathfinders leather Jacket.
In psycho graphic segmentation of the target market for the kill-Capture brand, how does the
concept of self-orientation apply?
Psycho graphic segmentation represents a way commonly used by
the brands and companies to group current customers and prospective customers
with respect to their belief, attitude, lifestyle, values, personality traits,
and interests (Yankelovich and Meer 2006). Buying behavior of
consumers also gets influence from VAL (values, attitude, and lifestyle). Consumers
prefer to buy products that meet with their values, lifestyle, and attitude. For
instance, people having a positive and constructive attitude towards the
environment ever prefer to purchase an environment-friendly product or
service. Self-orientation also has significant
importance in influencing the buying behavior of a consumer (COOPER and
THATCHER 2010).
Self- orientation includes self-concept and self-values. In accordance with a
research article, self-concept relates to the knowledge structure that contains
beliefs about the self, consisting attribute, goals, and social roles of an
individual. Research claim that cultural values in society directly bring
changes in the behavior and attitude of a person. Cultural values also define
self-values of individuals living in a particular society (COOPER and
THATCHER 2010).
Concept of self-orientation also applies to the customers of Kill Capture. Psycho graphic
segmentation analysis (considering VAL 2) of Kill Capture are discussed below:
Values
VAL 2 analysis of Kill Capture brand explains that the
targeted market of Kill Capture has collectivism embodied values and attitudes.
Police and firefighters follow the rules and laws developed by the society and
other social regulatory forces. Therefore they follow up the values of society.
Lifestyle
The targeted market of Kill Kapture struggles and work hard
to return back civilians lifestyle. While building social relationships they
ever pay importance to the military affinity. As adrenaline seekers, they
usually have rough lifestyles throughout their employment career. Moreover, high
comfortable income and practical consumers are the key characteristics of the
targeted market lifestyle.
Attitude
The targeted audience of Kill Capture is really respectful,
courteous, and authoritative because of their roles and status in society. Firefighter
and police officers have important roles in society as they provide safety and
protection to the civilians. Somehow, they have an optimistic outlook on life. (COOPER and
THATCHER 2010)
What type of
targeting strategy is kill-capture using?
Target marketing is selecting a specific group of consumers
in the selected market by a company or enterprises. Target marketing is a
really important concept in marketing that directly influences the business
outcomes of a company. Businessmen and managerial staff of a company ever seek
for the opportunity to make their products and services best and most
preferable for their customers. Somehow, before focusing on the needs of
society and specific customers, the main task for managerial staff is to identify
their potential customers and prospective consumers for their offered products
and services. The appropriate and right selection of target market enables a
business to make products according to the needs of this target market (Jiang and
Srinagar 2016).
Moreover, by identifying the target market company can select and develop the
most appealing marketing and promotion strategies that benefit the company in
expanding sales and enlarging profit. Somehow, targeting market is also an important
step to identify and deal with the competitor companies in an effective manner.
Companies can understand who their competitor is and what they offer to the
market.
There are mainly four types of targeting strategies that
include micro marketing, differentiated segmented marketing, undifferentiated
mass marketing, and concentrated (niche) marketing (Jiang and
Srinagar 2016).
Differentiated targeting strategy is to select several kinds of segments in the
targeted market with different offers. Kill Capture brand is following a differentiated
targeting strategy for their products. Kill-Capture brand to provide clothing
and jackets for social forces and other men in society. They provide different
types of uniforms along with labelled jackets to the police and firefighters
customer’s group. Targeting customers from different segments with specific social
roles and job positions represents evidence of differentiated targeting
strategy (Jiang and Srinagar 2016).
References of Marketing Strategy
COOPER, DANIELLE, and SHERRY M. B. THATCHER. 2010.
"IDENTIFICATION IN ORGANIZATIONS: THE ROLE OF SELF-CONCEPT ORIENTATIONS
AND IDENTIFICATION MOTIVES." Academy of Management Review 35 (4):
516-538.
Dolnicar, Sara, and
Friedrich Leisch. 2017. "Using segment level stability to select target
segments in data-driven market segmentation studies." Marketing
Letters 28 (3): 423-436.
Jiang, Baojun, and Kannan
Srinivasan. 2016. "Pricing and Persuasive Advertising in a
Differentiated Market." Marketing Letters 27 (3): 579-588.
Yankelovich, Daniel, and
David Meer. 2006. "Rediscovering market segmentation." Harvard
business review 84 (2): 122.