Question: Run a segmentation analysis and decide on an appropriate number of segments. Justify your choice. Remember that choosing the right number of segments is not
Run a segmentation analysis and decide on an appropriate number of segments. Justify your choice. Remember that choosing the right number of segments is not always straightforward and depends on several factors, such as statistical criteria, managerial considerations, practical constraints, targetability of the segments, etc.
Tip: Try different segment solutions eg and see which offers the best balance between segment homogeneity, segment distinctiveness, managerial usefulness, and targetability. Remember that, in the context of managerial decisionmaking, statistical criteria are important, but not necessarily paramount.
Question
Create a persona for each segment. Each persona should contain at a minimum A segment name; A picture or pictorial representation; A description expectations profiles, highlights, etc.
The description can be a story, a set of charts and summary figures, or even better a combination of both.
Tip: Enginius displays in red and green when some variables are significantly above or below the rest of the population. Colorcoding highlights departures from the means, not importance in absolute terms. For instance, remember that a segment might have proportionally more international candidates departure from the average, indicated by a green indicator yet still be mostly French low average in absolute terms The same remark applies to segmentation variables.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
