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MBA Boot Camp: Segmentation, Targeting, & Positioning (4.3)
Alex LeClair Alex LeClair

MBA Boot Camp: Segmentation, Targeting, & Positioning (4.3)

If you try to market to "everyone," you will appeal to no one. This is where the STP Framework comes in. It is the beating heart of modern marketing strategy.

  • Step 1 (Segment): You look at the entire automobile market. You slice it up into groups: people who want safety for their families, people who want cheap commuter cars, people who want to look wealthy, and people who want eco-friendly cars.

  • Step 2 (Target): You decide your company is best equipped to build eco-friendly cars. You ignore the other segments.

  • Step 3 (Position): You build the brand in the customer's mind. (e.g., Tesla positioned itself not just as an eco-friendly car, but as a high-performance luxury eco-friendly car).

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