| Market Share Improvement
Problem
The leading player
in an established segment of the personal computing marketplace had dropped from
the #1 market position to sharing the #2 slot. The company hypothesized that
its loss of the lead position was related to competitive pricing moves. What were the reasons for the company’s drop in share and how
could it regain its #1 spot in the market?
Solution – Purchase Influences
Study, Marketing Strategy
KJ & Co. designed a
custom market research project aimed at understanding the purchase influences,
brand perceptions, and purchase and usage habits for this product category. The
study was fielded online using a research panel that met the sample criteria.
Results of the study pointed to a strong opportunity to improve market impact
through specific messaging and promotions implemented at the point-of-purchase,
without the need for significant price reductions.
Result
The company modified
its communications and promotional strategy, held its pricing, and subsequently
regained its #1 market position.
<< Previous
Story
Next Story >>
|