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You are here: STEP trends | Economic | Micro-segmentation of Marketplace
STEP trends | Economic 
Micro-segmentation of Marketplace
Concept
  • Micro-segmentation of the marketplace means that monolithic
    markets, customer segments, and product categories are continually
    breaking up into smaller clusters of demand and preference.
  • Customers are becoming ever more differentiated in their lifestyles and
    interests, with smaller and more specialized groups responding to more
    narrowly-targeted commercial messages.
Trajectory
  • Enterprises that traditionally offered a broad range of products or
    services now face specialized competitors who provide more specific,
    targeted solutions, often in new ways and at lower prices. The
    customary ‘one size fits all’ packages are losing appeal as customers
    increasingly cherry-pick offerings.
  • Enterprises need to develop more focused value packages to reach
    smaller groups of customers sharing more specialized clusters of
    preference, focusing on a few areas.
  • Web sources are threatening the ‘one-stop shopping’ premise of
    information and knowledge enterprises such as educational institutions,
    publishers, associations, and advisory services. Customer loyalty is less
    of a priority as they compete for customers on an item-by-item basis.



Trends 2008
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