Saturday, February 20, 2016

Week 7 Reading Reflection

Week 7 Reading: Rediscovering Market Segmentation by Daniel Yankelovich and David Meer


The biggest surprise for me was how complex the act of segmentation has become and also how it has evolved over time. It was interesting to see how advertisement industry has shifted its focus from the product to the consumer in order to adapt with increasing competition. Reading this article really made me reevaluate my thoughts on modern day segmentation. However, one part of the reading that could have been explained more in-depth was the topic of psychographic segmentation. My question for the author would be, “How accurate are lab replications compared to real situations?” and “What are some common mistakes that companies do when performing marketing segmentation?” All in all, I agree with much of what the author was saying and I also found much of the information to be very insightful. 

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