Competitive markets and marketing strategies


Problem:

Marketers are innovative when it comes to product positioning. They have to be. Analyzing and selecting a positioning strategy can mean the difference between success and failure for a new or existing product.

Product endorsers have been an integral part of marketing for centuries. Popular music has become a major part of ad campaigns. Song selection coupled with a product endorser for a multi-platform campaign is a way to differentiate from other brands. Two recent examples include:

Caress' Brazilian Exotic Oil Infusions upped the ante by using sexy Pussycat Doll, Nicole Scherzinger as endorser who also sang a "Brazilian-inspired reinterpretation" of Duran Duran's Rio.

Then there is Unilever Sunsilk's launch of a global brand campaign that features mega star Madonna and is the first of its kind using an artist of such stature to launch a global brand.

1-Create a new consumer product

2-Define your target market

3-Select a song and an endorser for your campaign and explain the rationale behind your choices.

4-Discuss your competition and how you're both poised to compete and differentiate. (3 paragraphs total for the post)

5-Select two of your classmates' posts. Reply to each with a critique of the fit between product, endorser, song, and positioning.

Explain.

Please provide references and citations in APA style.

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Marketing Management: Competitive markets and marketing strategies
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