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Rethink: Consumer Segmentation
Cite your sources (include passages if needed) http://www.nmisolutions.com/lohasd_segment.html
NMI's 2008 Consumer Segmentation Model File:Segmentation pie2.jpg
Ultimately, NMI’s proprietary LOHAS segmentation model enables companies to measure commonalities and differences between five LOHAS proprietary consumer groups, the general population, and other consumer groups (of your choice). In 2006, NMI updated the previous model to better represent current market conditions. This reflects the complexity of the LOHAS market and the increasingly subtle, yet important, differences that distinguish one segment from another. Over 175 variables, later narrowed to approximately 25, were used to conduct this statistical analysis. Techniques such as exploratory factor analysis, confirmatory factor analysis, migration analysis, and K-means segmentation were utilized to ensure the optimal solution. The five new LOHAS consumer segments are: LOHAS: 17% (36 million) LOHAS consumers are dedicated to personal and planetary health. Not only do they make environmentally friendly purchases, they also take action – they buy green products, support advocacy programs and are active stewards of the environment. LOHAS Leaders are top-of-the-pyramid opinion leaders and early adopters when it comes to green and healthy initiatives. They are an optimal target for new and innovative sustainable products. LOHAS Followers' behavior is slightly moderated as compared to Leaders but they are still cutting-edge consumers across most attitudes and respective product purchasing dynamics.”
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