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Brand Mapping Software Tool for Marketing Analysis and Segmentation
The Brand Mapping software tool produces a picture of a competitive environment, such as a market. This picture, displayed as a map, is used to stimulate strategic reasoning for product positioning, market segmentation, and much more.
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What: Brand mapping software tool for marketing analysis and segmentation
The Brand Mapping software tool applies the multivariate technique known as correspondence analysis, and displays the results on a multivariate map.
Interpreting the brand map in light of the analyst's knowledge can reveal valuable strategic insights. |
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When: Brand mapping for marketing analysis and much more
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| The Brand Mapping tool is used in many different marketing analysis and brand management situations, because it performs a basic task of great help to marketers: it analyses items according to their differences, and makes all differences visible at once.
Given that product positioning is largely based on segmentation and differentiation, it goes without saying that Brand Mapping is the tool of preference for visualizing the competitive structure of markets as perceived by customers, and also:
- To exploit product (re)positioning concepts
- To select direct competitors
- To find new product opportunities (market gaps)
- To evaluate new product concepts
- To show the whole market on a map
- To make associations visible, for instance, of respondents and their answers to a survey
- To segment items according to their long-term trend
The Brand Mapping software tool of MM4XL fosters strategic reasoning in the minds of managers.
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Who: Brand Mapping for strategic decision-makers
The
Brand Mapping tool is used by
business decision-makers often supported by business analysts. Among our
business decision-maker clients there are:
- General Managers and CEOs
- Business Directors
- Marketing Managers
- Business Analysts
- Marketing Analysts
- Pricing Managers
- Product Portfolio Managers