Examining World Market Segmentation and Brand Positioning Strategies Salah S

Total Page:16

File Type:pdf, Size:1020Kb

Examining World Market Segmentation and Brand Positioning Strategies Salah S Journal of Consumer Marketing Examining world market segmentation and brand positioning strategies Salah S. Hassan Stephen Craft Article information: To cite this document: Salah S. Hassan Stephen Craft, (2012),"Examining world market segmentation and brand positioning strategies", Journal of Consumer Marketing, Vol. 29 Iss 5 pp. 344 - 356 Permanent link to this document: http://dx.doi.org/10.1108/07363761211247460 Downloaded on: 05 October 2016, At: 11:41 (PT) References: this document contains references to 58 other documents. To copy this document: [email protected] The fulltext of this document has been downloaded 18615 times since 2012* Users who downloaded this article also downloaded: (2014),"Consumer perceptions of cobrands: the role of brand positioning strategies", Marketing Intelligence & Planning, Vol. 32 Iss 2 pp. 145-159 http://dx.doi.org/10.1108/MIP-03-2013-0055 (2008),"Positions and positioning: strategy simply stated", Business Strategy Series, Vol. 9 Iss 5 pp. 224-230 http:// dx.doi.org/10.1108/17515630810906729 Access to this document was granted through an Emerald subscription provided by emerald-srm:478535 [] For Authors If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Downloaded by USP At 11:41 05 October 2016 (PT) Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. *Related content and download information correct at time of download. Examining world market segmentation and brand positioning strategies Salah S. Hassan The George Washington University, Washington, DC, USA, and Stephen Craft University of Montevallo, Montevallo, Alabama, USA Abstract Purpose – This paper aims to examine the conceptual as well as empirical linkages between segmentation bases and brand positioning strategies in the context of discussing practical implications for firms operating in increasingly globalizing markets. Design/methodology/approach – This paper empirically examines an inventory of market segmentation factors in relation to four global strategic positioning decision options. Findings – The two studies reported suggest that a combined use of macro and micro-bases to segment world markets is significantly linked to the perceived positioning strategies of global top brands, whereas firms seeking more localized positioning strategies use only micro-bases to segment. Practical implications – The conceptual and empirical findings reported in this paper pave the way for embarking on promising and relevant future research that is needed to substantiate and enrich the academic understanding and managerial practice of segmentation and strategic brand positioning decisions in world markets. Originality/value – This paper is unique in identifying a link between global brand positioning and segmentation factors. Keywords Market segmentation, Brand positioning strategy, Global marketing, Brand management, International marketing, Globalization Paper type Research paper An executive summary for managers and executive the need for companies to make strategic positioning readers can be found at the end of this article. decisions on leveraging brand equity and achieving economies of scale. In short, the strategic necessity does not Segmentation of world markets is a frequent topic of stop at the selection of desirable market segments, but also discussion and research among both marketing academics includes the need to effectively position brands relative to and practitioners. The increasing importance of segmentation market segments. Toward that end, the purpose of this paper decisions is attributed, at least in part, to its ability to enhance is to empirically examine the relationship between bases of the strategic position of the brand. There is consensus among segmentation and strategic brand positioning strategies in practitioners and academics that the time and expense of world markets. Additionally, this paper explores appropriate conducting segmentation studies and implementing scenarios where a company would use different segmentation Downloaded by USP At 11:41 05 October 2016 (PT) international segmentation systems is justified by the and positioning strategies. contribution of segmentation to effective brand positioning The decision to segment world markets lies in and performance (O¨ zsomer and Prussia, 2000; Aurifeille et al., understanding the degree of globalization achieved in a 2002; Schuiling and Kapferer, 2004; Cova et al., 2007; Hung given market. If there are no more mass markets in most et al., 2007). However, there has been limited attention given individual countries one should hardly expect a single in the literature to identifying the dimensions used to form universal marketing strategy to be effective in worldwide international market segments (Steenkamp and Hofstede, markets (Schuiling and Kapferer, 2004; Cova et al., 2007; 2002). For example, can world markets be segmented based Hung et al., 2007). However, if segmentation criteria or bases on geographical factors alone or just on behavioral and exist for market segmentation that cut across national lifestyle variables? In an increasingly global and technology boundaries, then marketing strategies might be developed savvy marketplace where customer segments are becoming that will work for similar segments around the globe (Solberg, homogenized across national boundaries, behavioral and 2002; Wright and Nancarrow, 1999; Aurifeille et al., 2002). lifestyle segmentation may be a necessary addition to The existence of these inter-market segments might create geographical segmentation in world markets (Aulakh and important opportunities and challenges for firms seeking to Kotabe, 1993; Helsen et al., 1993; Nachum, 1994). establish brand positions in multiple markets – an Complicating the segmentation issues in world markets is increasingly common strategic goal. The current issue and full text archive of this journal is available at www.emeraldinsight.com/0736-3761.htm Literature on segmentation of world markets Most early segmentation research efforts were based on macro considerations that include factors such as economic (Kotler, Journal of Consumer Marketing 1986); cultural (Whitlock, 1987; Hofstede, 2001); geographic 29/5 (2012) 344–356 q Emerald Group Publishing Limited [ISSN 0736-3761] (Daniels, 1987) and technological (Huszagh et al., 1986). [DOI 10.1108/07363761211247460] Current research found that these pre-determined country 344 Examining world market segmentation and brand positioning strategies Journal of Consumer Marketing Salah S. Hassan and Stephen Craft Volume 29 · Number 5 · 2012 · 344–356 bases are inadequate for segmentation when considered recent study, Hofstede et al. (1999) empirically verified that a without behavioral bases (Helsen et al., 1993; Nachum, segmentation model can integrate both country factors and 1994). For example, pre-determined country clusters will be consumer characteristics to better form segments that share inadequate without a full account for the degree of consumption patterns versus traditional models employing homogeneity related to buyers’ responsiveness to the global country factors alone. However, the study stopped well short marketing program (Agarwal, 2003). Several segmentation of addressing the nature of segmentation bases or the linkage studies criticized limiting segmentation decisions to macro between segmentation bases and brand positioning. While bases alone. For example, Hassan and Katsanis (1991) their research did not seek empirical support for or document suggested that world market segmentation based on macro- the international segmentation decision process, the findings bases has three major limitations: reinforce within-country examination of market segment 1 segmentation decision is based on country-specific bases as a key step in the international segmentation strategy geographical variables not consumer-behavior variables; decision process. Steenkamp and Hofstede (2002) proposed a 2 it assumes total homogeneity of consumer behavior within similar two-step process of first clustering countries by their country segments; and cultural and socio-economic traits, then grouping individuals 3 it overlooks the existence of homogeneous segments that within these clusters, but selecting customers without regard transcend across national boundaries. to geographic boundaries. This inter-market segmentation approach refers to “ways of Wind and Douglas (1972) described “macro” segmentation describing and reaching market segments that transcend as groups of countries that are classified and targeted based on national boundaries or that cut across geographically defined national market characteristics while “micro” segmentation is markets” (Hassan and Blackwell, 1994). This approach based on analyzing and sub-dividing each qualifying target emphasizes that inter-market
Recommended publications
  • Winning at Segmentation Strategies for a Digital Age 2
    Winning at Segmentation Strategies for a Digital Age 2 Abstract Segmentation has long been considered a basic exercise to understand customers, competitors and the operating environment to enable businesses to make the most of market opportunities and minimize threats or business risks. Over the years segmentation approaches have evolved and broadened using a variety of metrics including simple demographics, behavioral, psychographic, needs-based, and profitability-based or a combination of these. However, these approaches have certain limitations that impede their efficacy. Moreover, the present context of changing consumer behavior, heightened brand competition and growing influence of the digital medium is forcing organizations to rethink their approach towards segmentation. Organizations are looking for models that can help them overcome the challenging task of discerning consumer buying behavior in relation to organizational capabilities and competitive standing. We believe that organizations need to take a fresh look at their approach towards segmentation. This approach is contingent on a ‘Value From’ and ‘Value To’ criteria that flows from design to action across various stages of the segmentation approach. Organizations should assess their current state comprehensively and then design a multi-dimensional segmentation framework. They should then develop a clear value proposition, define and deliver their capabilities and finally ensure continuous measurement. Segmentation should be spread across the organization; understanding the customer should be a way of life and a fundamental driver of shareholder value. 3 Winning at Segmentation The Changing State of Segmentation Segmentation is widely acknowledged as a fundamental needs requires a thorough understanding of customer component of understanding and addressing an requirements.
    [Show full text]
  • Customer Focus Through Market Segmentation
    CORE Metadata, citation and similar papers at core.ac.uk Provided by Göteborgs universitets publikationer - e-publicering och e-arkiv International Business Master Thesis No 2001:43 Customer Focus through Market Segmentation - The Case of Volvo CE and the Recycling/Waste Management Segment Daniel Nilsson and Josef Olsson Graduate Business School School of Economics and Commercial Law Göteborg University ISSN 1403-851X Printed by Novum Grafiska ii "Try not to become a man of success, but rather try to become a man of value." - Albert Einstein iii ABSTRACT Today, companies operating in heavy manufacturing industries experience more complex market situations. Customers are becoming more sophisticated and the competition is increasing. In order to survive, companies must become aware of how value is generated for customers to be able to satisfy their needs. An implementation of a market segmentation approach is a useful tool in becoming more customer focused, as it creates a better ability to identify how value is generated for customers in a segment and adjust its activities in order to provide solutions for their needs. In order to see how value is generated in a segment and how a company can adapt its marketing and sales activities according to that knowledge, we have used Volvo CE and the recycling/waste management segment. To find out how value is generated for customers in this segment, we have used a theoretical framework consisting of customer-perceived value and its influencers organisational buying behaviour and positioning. We have created a framework that can be used by a company in the heavy manufacturing industry to identify how customer-perceived value is generated in a specific segment.
    [Show full text]
  • Module Note—Market Segmentation, Target Market Selection, and Positioning
    9-506-019 REV: APRIL 17, 2006 MODULE NOTE Market Segmentation, Target Market Selection, and Positioning As described in the “Note on Marketing Strategy” (HBS No. 598-061), after the marketing analysis phase, the next stage in the marketing process consists of the following three steps: • Market segmentation • Target market selection • Positioning These steps are the prerequisites for designing a successful marketing strategy. They allow the firm to focus its efforts on the right customers and also provide the organizing force for the marketing-mix elements. Product positioning, in particular, provides the synergy among the four Ps (product, price, place, and promotion) of the marketing plan. This note elaborates on each of the three steps. Market Segmentation Market segmentation consists of dividing the market into groups of (potential) customers—called market segments—with distinct characteristics, behaviors, or needs. The aim is to cluster customers in groups that clearly differ from one another but show a great deal of homogeneity within the group. As such, compared with a large, heterogeneous market, those segments can be served more efficiently and effectively with products that match their needs. It is important that the segments are sufficiently different from one another. In addition, it is critical that the segmentation is based on one or more customer characteristics relevant to the firm’s marketing effort. A thorough analysis of the customers is essential in that regard. We can distinguish two (related) types of segmentation: • Segmentation based on benefits sought by customers • Segmentation based on observable characteristics of customers In an ideal scenario, marketers will typically want to segment customers based on the benefits they seek from a particular product.
    [Show full text]
  • 5 Market Segmentation, Targeting and Positioning
    Market Segmentation, 5 Targeting and Positioning Ng Lai Hong It is impossible to appeal to all customers in the marketplace who are widely dispersed with varied needs. Organisations that want to succeed must identify their customers and develop marketing mixes to satisfy their needs. This chapter considers the steps in the target marketing process, including how to divide markets into meaningful customer segments, evaluating each segment, deciding which segment(s) to target, and design- ing market offerings to be positioned in the minds of the selected target market. The target marketing process The target marketing process provides the basis for the selection of target market – a chosen segment of the market that an organisation wishes to serve. It consists 84 Fundamentalsof the three-step of Marketing process of segmentation, targeting and positioning (Figure 5.1). Marketers utilise this process due to the prevalence of mature markets, greater diversity in customer needs, and its ability to provide focus for an organisation’s marketing strategy and resource allocation among markets and products (Baines and Fill, 2014). Segmentation Positioning Targeting Develop positioning that Identify bases for Evaluate segments will create competitive dividing a market into and decide which to advantage in the minds of smaller segments serve best the chosen market segment Figure 5.1: Steps in target marketing process. Adapted from Solomon et al. (2013). 86 Fundamentals of Marketing The benefits of this process include the following: Understanding customers’ needs. The target marketing process provides a basis for understanding customers’ needs by grouping customers with similar characteristics together and for the selection of target market.
    [Show full text]
  • Market Segmentation
    Ch11-H8566.qxd 8/8/07 2:04 PM Page 222 CHAPTER 11 Market segmentation YORAM (JERRY) WIND and DAVID R. BELL All markets are heterogeneous. This is evident from the focus of a significant part of the marketing observation and from the proliferation of popular research literature. The basic concept of segmenta- books describing the heterogeneity of local and tion (as articulated, e.g. in Frank et al., 1972) has global markets. Consider, for example, The Nine not been greatly altered. And many of the funda- Nations of North America (Garreau, 1982), Latitudes mental approaches to segmentation research are and Attitudes: An Atlas of American Tastes, Trends, still valid today, albeit implemented with greater Politics and Passions (Weiss, 1994) and Mastering volumes of data and some increased sophistica- Global Markets: Strategies for Today’s Trade Globalist tion in the modelling method. To see this, consider (Czinkota et al., 2003). When reflecting on the nature the most compelling and widely used approach to of markets, consumer behaviour and competitive product design and market segmentation – con- activities, it is obvious that no product or service joint analysis. The essence of the approach out- appeals to all consumers and even those who pur- lined in Wind (1978) is still evident in recent work chase the same product may do so for diverse rea- by Toubia et al. (2007) that uses sophisticated geo- sons. The Coca Cola Company, for example, varies metric arguments and algorithms to improve the levels of sweetness, effervescence and package size efficiency of the method. Other advances use for- according to local tastes and conditions.
    [Show full text]
  • Market Segmentation, Targeting and Positioning
    Market Segmentation, Targeting and Positioning By Mark Anthony Camilleri 1, PhD (Edinburgh) How to Cite : Camilleri, M. A. (2018). Market Segmentation, Targeting and Positioning. In Travel Marketing, Tourism Economics and the Airline Product (Chapter 4, pp. 69-83). Springer, Cham, Switzerland. Abstract Businesses may not be in a position to satisfy all of their customers, every time. It may prove difficult to meet the exact requirements of each individual customer. People do not have identical preferences, so rarely does one product completely satisfy everyone. Therefore, many companies may usually adopt a strategy that is known as target marketing. This strategy involves dividing the market into segments and developing products or services to these segments. A target marketing strategy is focused on the customers’ needs and wants. Hence, a prerequisite for the development of this customer-centric strategy is the specification of the target markets that the companies will attempt to serve. The marketing managers who may consider using target marketing will usually break the market down into groups (segments). Then they target the most profitable ones. They may adapt their marketing mix elements, including; products, prices, channels, and promotional tactics to suit the requirements of individual groups of consumers. In sum, this chapter explains the three stages of target marketing, including; market segmentation (ii) market targeting and (iii) market positioning. 4.1 Introduction Target marketing involves the identification of the most profitable market segments. Therefore, businesses may decide to focus on just one or a few of these segments. They may develop products or services to satisfy each selected segment.
    [Show full text]
  • MARKET SEGMENTATION PRACTICES of RETAIL CROP INPUT FIRMS By
    MARKET SEGMENTATION PRACTICES OF RETAIL CROP INPUT FIRMS By Aaron Reimer, Dr. Jay Akridge, Dr. Mike Boehlje, Dr. Allan Gray* Staff Paper No. 07-03 July 2007 Department of Agricultural Economics Purdue University * Aaron Reimer is a Credit Officer Trainee with Northwest Farm Credit Services in Moses Lake, WA and a former Graduate Research Assistant at Purdue University. Jay Akridge is Director of the Center for Food and Agricultural Business and the James and Lois Ackerman Professor of Agricultural Economics; Mike Boehlje is Distinguished Professor, Department of Agricultural Economics; and Allan Gray is Associate Director-Research in the Center for Food and Agricultural Business and Associate Professor in the Department of Agricultural Economics, all at Purdue University. The authors would like to thank Dr. Linda Whipker, Whipker Consulting, for her assistance in this project. The research support of the Center for Food and Agricultural Business at Purdue University and the cooperation of the 20 firms involved in this project are gratefully acknowledged. Purdue University is committed to the policy that all persons shall have equal access to its programs and employment without regard to race, color, creed, religion, national origin, sex, age, marital status, disability, public assistance status, veteran status, or sexual orientation. Market Segmentation Practices of Retail Crop Input Firms by Aaron Reimer,Dr. Jay Akridge,Dr. Mike Boehlje,Dr. Allan Gray Center for Food and Agricultural Business Department of Agricultural Economics Purdue University West Lafayette, IN 47907-2056 [email protected], [email protected], [email protected], [email protected] Staff Paper No. 07-03 July 2007 Abstract While market segmentation and the associated idea of target marketing are not new, there are questions about how the strategy of market segmentation and target marketing is being used in retail agribusiness firms.
    [Show full text]
  • Market Segmentation, Customers, and Value Propositions Analysis for Polymer Clay Art Business Start-Up
    Binus Business Review, 7(1), May 2016, 89-93 P-ISSN: 2087-1228 DOI: 10.21512/bbr.v7i1.1488 E-ISSN: 2476-9053 MARKET SEGMENTATION, CUSTOMERS, AND VALUE PROPOSITIONS ANALYSIS FOR POLYMER CLAY ART BUSINESS START-UP Desman Hidayat1; Apriani Kurnia Suci2; Gita Khadijatu Saliha3 1,2,3 Binus Entrepreneurship Center, Bina Nusantara University, Jln. K.H. Syahdan No 9, Jakarta Barat, DKI Jakarta, 11480, Indonesia [email protected]; [email protected]; [email protected] Received: 27th February 2016/ Revised: 22nd April 2016/ Accepted: 2nd May 2016 How to Cite: Hidayat, D., Suci, A. K., & Saliha, G. K. (2016). Market Segmentation, Customers, and Value Propositions Analysis for Polymer Clay Art Business Start-Up. Binus Business Review, 7(1), 89-93. http://dx.doi.org/10.21512/bbr.v7i1.1488 ABSTRACT Polymer clay art is one of the creative businesses that are recently starting to get a lot of attentions. To prepare a startup business in this field, analysis from a lot of aspects is needed. The purpose of this article was to explain the approach of the polymer clay art business startup from the market segmentation, customer, and value proposition side of the business. The method was applied by analyzing those steps in details. The analysis started from brainstorming to choose the market matching to business, the customer side, value proposition, and between both aspects. The result of the analysis shows the business focus of the polymer clay art business, where the value propositions are focusing on unique decorations, and several types of customer segments. Keywords: polymer clay art, market segmentation, customer, value proposition, business start-up INTRODUCTION Creative business is a business that lately has developed a lot, starting from games, art & crafts, Unemployment is quite a big problem in clothing, statues, etc.
    [Show full text]
  • Segmentation and Positioning Previewing Concepts (1)
    Trier 5 Segmentation and positioning Previewing concepts (1) • Define the steps in designing a customer- driven marketing strategy: market segmentation, market targeting, differentiation, and positioning (STP) • List and discuss the major bases for segmenting consumer and business markets Previewing concepts (2) • Explain how companies identify attractive market segments and choose a market targeting strategy • Discuss how companies position their products for maximum competitive advantage in the marketplace WHAT IS SEGMENTATION ABOUT? • “The identification of sub- sets of buyers within a market who share similar needs and who have similar buying processes” • Companies aim to satisfy the needs of specific market segments better than anybody else S.T.P – The basics of a Marketing Strategy • Most companies have moved away from mass marketing and toward market segmentation and targeting—identifying market segments, selecting one or more of them, and developing products and marketing programmes tailored to each. The Segmentation Process Source: Kotler et al, 2003. S.T.P • The first is market segmentation—dividing a market into smaller groups of buyers with distinct needs, characteristics, or behaviours who might require separate products or marketing mixes. • The second step is target marketing—evaluating each market segment’s attractiveness and selecting one or more of the market segments to enter. • The third step is differentiation—differentiating the firm’s market offering to create superior customer value. • The fourth and final step is market positioning—setting the competitive positioning for the product and creating a detailed marketing mix. Figure 9.1 Steps in market segmentation, targeting and positioning What is market segmentation? Market segmentation involves dividing large, heterogeneous markets into smaller segments that can be reached more efficiently and effectively with products and services that match their unique needs.
    [Show full text]
  • Segmentation Marketing: a Case Study on Performance Solutions Group, LLC
    East Tennessee State University Digital Commons @ East Tennessee State University Undergraduate Honors Theses Student Works 5-2015 Segmentation Marketing: A Case Study on Performance Solutions Group, LLC. Jordan Brian East Tennessee State University Follow this and additional works at: https://dc.etsu.edu/honors Part of the Marketing Commons Recommended Citation Brian, Jordan, "Segmentation Marketing: A Case Study on Performance Solutions Group, LLC." (2015). Undergraduate Honors Theses. Paper 260. https://dc.etsu.edu/honors/260 This Honors Thesis - Open Access is brought to you for free and open access by the Student Works at Digital Commons @ East Tennessee State University. It has been accepted for inclusion in Undergraduate Honors Theses by an authorized administrator of Digital Commons @ East Tennessee State University. For more information, please contact [email protected]. Segmentation Marketing: A Case Study on Performance Solutions Group, LLC. By: Jordan Brian Thesis submitted in partial fulfillment of Honors requirements East Tennessee State University The Honors College University Honors Scholar Program __________________________________ Jordan Brian Date __________________________________ Dr. Kelly Price­Rhea, Thesis Mentor Date __________________________________ Dr. Joy Wachs, Reader Date __________________________________ Mrs. Dana Harrison, Reader Date Table of Contents Abstract 3 Literature Review 4 Introduction to Segmentation Marketing 4 The Segmentation Process 5 Six Types of Segmentation Marketing 8 Case Study 12 Performance
    [Show full text]
  • Market Segmentation: Its Role in Sales Performance in Nigeria Business Environment
    Journal of Marketing and Consumer Research www.iiste.org ISSN 2422-8451 An International Peer-reviewed Journal Vol.15, 2015 Market Segmentation: Its Role in Sales Performance in Nigeria Business Environment Aigbomian, Sunny Ewan, FRHD, MNIMN, MPMI, MIRDI Dept. Business Administration & Management, School of Business Studies, Edo State Institute of Technology & Management, Usen, P.M.B. 1104, Benin Oboro, Oghenero Godday Dept. Banking & Finance, Delta State Polytechnic, Ozoro Abstract Market segmentation is considered as inseparable as well as the key tool in the Practice of Marketing. It is the breakdown of the entire market for effective coverage for a product/service into several specific segments, where each segment comprises of customers with specific features in common. The reason behind Market segmentation is that no one approach to the market can satisfy the numerous buyers, each part of the market represent a unique opportunity. This is as a result of the dissatisfaction with the strategy of product differentiation, marketing researchers and practitioners have come to rely more on the strategy of market segmentation because of its role in sales performance in Nigeria Business environment. For the purpose of this write up, the paper will take the following shape – Introduction, firms, customers and environment, when to segment market, level of market segmentation, strategies, effective conditions, benefits, conclusion and recommendations. Keywords: Market, Segmentation, Sales, Performance, Business, Environment and Nigeria INTRODUCTION Economists were first to introduce the theory of segmentation. The Economists opinion was that profits would be maximised if markets are segmented. Before going on, it is important we understand what Market stands for.
    [Show full text]
  • Evaluation of the Effect of Market Segmentation on Sales Performance of the Banking Industry;
    EVALUATION OF THE EFFECT OF MARKET SEGMENTATION ON SALES PERFORMANCE OF THE BANKING INDUSTRY;. A SURVEY OF COMMERCIAL BANKS IN KISII TOWN , KISII COUNTY. EDINAH BARONGO NYABWARI A RESEARCH PROJECT SUBMITTED TO THE SCHOOL OF BUSINESS AND ECONOMICS IN PARTIAL FULFILMENT FOR THE AWARD OF DIPLOMA IN SALES AND MARKETING OF KISII UNIVESITY NOVEMBER, 2017 i DECLARATION AND RECOMMENDATION DECLARATION This research project is my original work and has not been presented for a diploma in any other university/ institution. Signature ……………………………………. Date ………………………………….. EDINAH BARONGO NYABWARI CB07/10455/15 RECOMMENDATION This research project has been submitted for examination with my approval as a University Supervisor. Signature …………………………………….. Date ……………………………………. Mr. Peterson Sang’ania Lecturer , School of Business and Economics Kisii University ii DEDICATION This research project is dedicated to my father Christopher Nyabwari , my mother Ebisiba Kwamboka , My sister Violet for the emotional and financial support accorded to me that enabled me to carry on with this work to it’s logical conclusion and to my supervisor Mr. Peterson Sang’ania for having allowed me to carry on with this work under his guidance iii ACKNOWLEDGEMENT I wish to express my sincere gratitude to my supervisor Mr .Peterson Sang’ania for his useful guidance that enabled me to complete this research proposal in time. I also express my appreciation to all my lecturers and my fellow students for their contribution towards the success on this proposal. iv ABSTRACT The main objective of this study was to evaluate the effects of market segmentation on sales performance of banking industry. This research proposal was to evaluate the effects of market segmentation on sales performance of the banking industry .The study was guided by four relevant theories: The resource Based View theory ,dynamic capabilities model theory ,marketing impact model theory and marketing mix theory.
    [Show full text]