Development of empirically-based customer-derived positioning taxonomy for FMCG sector in the Indian emerging market
| Autor: | Ali M. Shah, Natasha Saqib |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Knowledge management
Operationalization business.industry Computer science Economics Econometrics and Finance (miscellaneous) Time horizon Confirmatory factor analysis Exploratory factor analysis Product (business) Scale (social sciences) Fast-moving consumer goods Life-span and Life-course Studies Emerging markets business |
| Zdroj: | Young Consumers. 23:233-254 |
| ISSN: | 1747-3616 |
| Popis: | PurposeThe purpose of this paper is to develop and validate a positioning taxonomy for the FMCG sector in the Indian emerging market, because a review of the literature shows that existing positioning typologies/taxonomies are based on managerial perspectives rather than consumer/customer perceptions and have only been developed for advanced countries. This study helps to solve this problem by creating a positioning taxonomy for emerging markets.Design/methodology/approachIn three phases, this study uses a systematic procedure for developing and validating a scale. Phase 1 consists of item generation and selection based on a review of the literature, focus group sessions and expert opinion. The second phase entails scale refinement via exploratory factor analysis. Confirmatory factor analysis is used in Phase 3 to establish convergent, discriminant and nomological validity.FindingsThis study’s findings include a consumer-derived taxonomy of positioning strategies that have been tested and validated. There were four distinct positioning strategies that emerged: value for money, being local, premiumization and product attributes.Research limitations/implicationsThe main implication of this paper is to support researchers in developing and validating measurement scales. The limitations include target populations, choice of industry and geography and cross-sectional time horizon of this study.Practical implicationsThis study’s practical implications are the four positioning strategies that FMCG managers, advertising and marketing experts in the emerging Indian market could adopt to position their fast moving consumer goods (FMCG) products to achieve the overall success of their organizations.Social implicationsResearchers are provided step-by-step guidance on how to develop and validate a measurement scale.Originality/valueThis study adds to the marketing literature by providing both a solid theoretical foundation and a validated instrument for the operationalization of positioning strategies. |
| Databáze: | OpenAIRE |
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