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A SEGMENTATION THAT

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A SEGMENTATION THAT S INTERESTING AND ACTIONABLE: AN IMPOSSIBLE DREAM? NOT ANY MORE. TargetVoicesm From Many people shy away from segmentation, because it leaves ... – PowerPoint PPT presentation

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Title: A SEGMENTATION THAT


1
A SEGMENTATION THATS INTERESTING AND
ACTIONABLEAN IMPOSSIBLE DREAM? NOT ANY MORE.
  • TargetVoicesm
  • From

2
Many people shy away from segmentation, because
it leaves them with a dilemma.
  • Classical Cluster Analysis divides people into
    groups that are meaningful and interesting BUT
  • Groups not associated with an outcome measure
    (e.g.,purchase likelihood), or with identifying
    data so that specific messages can be addressed
    to them.
  • As such, classical clustering produces groups
    that are interesting, but not useful.

3
Many people shy away from segmentation, because
it leaves them with a dilemma.
  • Targeting methods like CHAID produce groups that
    are related to an objective, and easily
    identifiableBUT
  • Since CHAID doesnt work very well with
    attitudinal data, the groups it produces tend to
    lack depth and complexity (or their complexity is
    uninterpretable).
  • So CHAID-type approaches produces groups that are
    useful, but not interesting.

4

The real problem is to find a segmentation that
is both useful and interesting. And now, there
is a tool to do just that its
called   TargetVoicesm   from Renaissance
Research Consulting.  
5
What is TargetVoicesm?
  • A hybrid clustering method, combining aspects of
    both CHAID and classical clustering
  • Like a CHAID, it divides a sample on combinations
    of behavioral or demographic variables to
    maximize on an outcome,
  • BUT,
  • The outcome is the most homogeneous set of
    clusters based on a set of attitudes, as in a
    classic attitudinal segmentation.

6
Because of its hybrid methodology, TargetVoicesm
can answer questions like
  • Do all consumers of a given product have the same
    needs and wants for it? Or do consumers of
    different backgrounds want different things?
    What are the product characteristics that
    motivate each of them to buy?
  • Are different types of consumers attracted to
    different product lines? How many different
    lines is it worth bringing out to satisfy
    everybody? What would those lines look like?
  • What demographics split the likely electorate
    into groups that coalesce around specific sets of
    issues? What are the issues that unite each of
    them?

7
Sample TargetVoicesm SegmentationAutomobile
Needs
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TargetVoicesm combines the best of both types of
segmentation
  • Yields clusters that are granular and rich in
    attitudinal detail
  • At the same time, the clusters can be easily
    identified and addressed, because they are based
    on combinations of demographic and behavioral
    variables

9
TargetVoicesm finds your targets, then gives them
a voice, producing segments that have depth and
actionability at the same time. To find out more
about TargetVoicesm, or to discuss a specific
application,   call Paul M. Gurwitz, Ph.D.,
at 212-319-1833, or email us at
pgurwitz_at_renaiss.com
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